answersLogoWhite

0

Will your home owner insurance go down?

Updated: 9/22/2023
User Avatar

Wiki User

11y ago

Best Answer

There are many reasons for home owners insurance to reduce in premium, such as various discounts, security alarm discount, mortgage free discount, home and auto discount, senior discount, claims free discount, new home discount, and the list goes on, as well every year in Ontario your insurance company will either increase there home rates, decrease them or leave them as is, this could also affect the premium. As well your postal rating may become more desirable to the insurance company and it will drop in premium this way. There is honestly so many ways insurance premium can change without being in the industry the best thing I can suggest is to look for discounts, this is the one important thing homeowners can control.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will your home owner insurance go down?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one find a home insurance agent?

There are many ways that a home owner can find a home insurance agent. The best way to find a home insurance agent is to go to any major insurance company like Progressive and they'll give you one.


If a home insurance claim is made within thirty days of purchasing a home does the claim go against the previous owner's insurance?

Once you become the legal owner of the home and something occurs that is covered by homeonwers insurance then it is your insurance that must cover the claim. In the event the incident is not covered by your insurance policy and you feel that a material misrepresentation was made by the seller then I can only suggest getting the advice of an attorney.


If you put a new roof on your home does your insurance premium go down?

No. Doesn't affect it at all.


What happened if you are owner of the car and insurance is on name of previous owner then can you claim insurance?

The insurance company, once things get sorted out, will probably deny your claim. On top of that, the previous owner screwed themselves, because their insurance will go up.


Which of the following accounts is an owner's equity account?

When purchasing a home with a home loan part of your mortgage payment will go to the equity account. The following would be used with an owner's equity account: paying property taxes and paying homeowners insurance.


Does an incodent have to occur at the home in order to be covered on home owner's insurance?

yes. its HOME owners insurance so what happens must be at your HOME. im pretty sure of that, but not completely ---- Not necessarily. Read your policy. I was amazed when I read mine. It covers reimbursement for counterfeit money. Go figure!


How do you get non owner liability insurance in Massachusetts?

go to government


How do you become a licensed insurance owner?

go 2 skool dumb asss


Can I still be covered under my parent's insurance and purchase a car in my name?

Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.


Where did the home insurance company go after 1931 in Chicago?

why are you not answering my question. where did the Home Insurance Company after 1931?


Is life insurance consideredpart of the estate?

If the insurance policy owner did not specify a beneficiary or the beneficiary is deceased, then the life insurance proceeds go to the insured's estate.


How can I determine the best insurance to choose when renting a home?

You can go to smartmoney.com and read the section on insurance for rent home.