A homeowners insurance policy is a multi-. peril policy, which means it combines. property and casualty coverages in the same. policy. A multi-peril policy offers numerous. advantages to consumers as it conveniently. packages a range of coverages under one. policy and is normally cheaper than if all the.
http://www.ncdoi.com/_Publications/Consumer%20Guide%20to%20Homeowners%20Insurance_CHO1.pdf
Your home insurance premium typically buys a package of six types of coverage: 1  Dwelling. Pays for damage to the home itself and attached structures, such as an attached garage. 2  Other structures. Pays for damage to fences, a freestanding garage and other structures not built onto the house. 3  Personal possessions.
http://www.bankrate.com/finance/insurance/how-much-home-insurance-should-you-buy.aspx
Your home insurance premium typically buys a package of six types of coverage: Dwelling. Pays for damage to the home itself and attached structures, such as an attached garage. Other structures. Pays for damage to fences, a freestanding garage and other structures not built onto the house.
http://www.bankrate.com/finance/insurance/how-much-home-insurance-should-you-buy.aspx
Note also that flood damage is not covered by a standard homeowners policy -- you have to purchase separate coverage. So, when deciding how much home insurance coverage you want to buy, be sure to consider that you may need room in your budget for flood insurance, too, depending on the flood threat where you live.
http://www.bankrate.com/finance/insurance/how-much-home-insurance-should-you-buy.aspx
The value of your personal belongings also has a lot to do with the value of your home, as homeowners insurance often covers personal property. Say you're living in a home worth $100,000, but you've got belongings that are worth $50,000.
https://www.allstate.com/tools-and-resources/home-insurance/how-much-is-homeowners-insurance.aspx
According to the Federal Reserve Bureau, the average cost of an annual premium for homeowners insurance is between $300 and $1,000. For most homeowners, the annual costs for a homeowners insurance policy can be estimated by dividing the value of the home by 1,000, then multiplying the result by $3.50. One factor in the cost of homeowners insurance is what circumstances are covered under a particular policy.
http://homeguides.sfgate.com/average-cost-homeowners-insurance-3020.html
Dwelling Protection. One thing to consider about homeownership is the knowledge that your house could be damaged at any given time, under a variety of different circumstances. Having homeowners insurance coverage gives you the peace of mind that comes in knowing you are protected if a covered loss happens.
https://www.allstate.com/tools-and-resources/home-insurance/covered-in-homeowners-policy.aspx
Homeowners who have had fewer claims typically pay less for insurance than those who have more claims. One of the considerations that all insurers have to bear in mind is your level of risk to the company. People who have had more claims are usually considered a higher risk, and therefore pay more up front.
https://www.allstate.com/tools-and-resources/home-insurance/how-much-is-homeowners-insurance.aspx
Personal Property Protection. Homeowners insurance coverage doesn't just cover damage to your dwelling and other structures. It may also provide coverage for the personal belongings you keep within it. For this reason, it's important that you have a good idea of the monetary value of your belongings.
https://www.allstate.com/tools-and-resources/home-insurance/covered-in-homeowners-policy.aspx
One factor that plays a part in how much you pay for homeowners insurance is the deductible. You'll find that you can select plans that have low deductibles or higher deductibles. If you pick a plan with a high deductible, the annual fee for your insurance coverage will likely be lower.
https://www.allstate.com/tools-and-resources/home-insurance/how-much-is-homeowners-insurance.aspx
how much normally is homeowners insurance for a house
Homeowners Insurance for house is normally between $300 and $1,000. Normally, homeowners insurance for a house is between $300 and $1,000.