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To assess your flood insurance needs, you can speak with your insurance agent or review FEMA’s flood map to get an idea of your home’s risk level. 4. Old homes are cheap to insure
Age of home: You might pay more for insurance if you are the owner of an older home. These homes may have outdated features, like an old roof, that could be more prone to damage by a covered peril.
Key takeaways. There are many factors that affect the cost of home insurance, including your home's specific features, the state you live in and the company you choose.
In addition to standard home insurance, some 8 million households in the UK are categorized as being a "non-standard" risk. These households require a specialist or non-standard insurer that would cover home insurance needs for people that have criminal convictions and/or where the property suffers subsidence or has previously been underpinned.
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