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Insurance costs depend on several factors, such as coverage limits, deductibles, location, size, construction type and materials, quality of construction, proximity to fire stations & hydrants, whether it has police protection, whether it has a monitored alarm, age, condition, insurance company, coverage form and endorsements selected, and claims history. The owner and manager's experience, building construction, age and condition impact rates. Contact a couple of agents in your area and ask them to give you a quote based on your particular case. Coverage limits can be determined either on a full replacement cost value, on a building's functional value (if you would not rebuild it the way it is but using less expensive materials) or based on actual cash value, for example. Each of these would probably give you a different coverage amount and rates would likely be different as well.

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Q: How is property insurance coverage determined?
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What is home insurance?

Home Insurance is Insurance coverage for your house, condo or apartment for your personal property and liability coverage for you. The insurance coverage for your house is also called homeowners insurance. The Homeowners isurance is an insurance package that has coverage for the dwelling, the others structures on your property, Loss of Use, Medical Payments and Personal Liability.


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Should homeowners insurance cover damage to a neighbor's property?

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I'm not exactly sure what you are asking but I will take a shot. If you mean personal property not located on your property then yes, you have coverage of your personal property while you are traveling away from home. Up to 10% of coverage C (personal property) is covered while off premises. I hope this answered your question.


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The coverage included in an automobile insurance policy that covers property damage is insurance?

liability insurance. -twiggy.