Quote:
Originally Posted by roadrnnr
So we are looking at houses up to $400000
So far the ones we have seen were all built about 2002-2006
I guess my ? is If it came down to a house that age would the main factor in the insurance rate be the roof above everything else.
Most of the ones we looked at were remodeled and beautiful inside.
Looking for some one that has a house that age with a new or newer roof hat can give me some insight on what they are paying for insurance.
|
There is no singular "main factor" in prices for insurance. Roof age (not home age) is the singular "main factor" for INCREASE in insurance prices, but not in the price itself. If you've never owned a home here, then your first home won't be an increase in price over last year's price, since last year - you didn't own the home yet.
The cost of insurance includes the same factors as any other home in any other state. Size of the lot. size of the home. Does it have a garage. Attached or detached? Is it in a flood zone. If so, which one? What kind of construction is the dwelling? Does it have a pool - if so, is it above ground or in-ground, is it outdoor or indoor? What does the appraiser say about the current structure? Does it comply with the current hurricane/electrical/plumbing regulations? is it habitable or inhabitable? Is it a single-family, a duplex, a townhouse, or a condo? How many bedrooms, how many bathrooms - full or half? Does it have a basement, does it have an attic? Will you be living in the home you're trying to insure, full time? Will someone other than you be living in the home you're trying to insure, while you are living somewhere else, full time? Or will it be vacant?
These are some of the things the insurance company will want answers for before they quote you a firm price on a new policy.