Get a roof over your head
Who needs home insurance?
Anyone with a home
What are some examples of policy's you can have?
HO-1 to H0-5
What does your home insurance coverage do?
Home insurance helps protect you financially if something goes wrong with your home or belongings.
What is the biggest factor to the cost of your homeowners insurance?
Location
Is Homeowners Insurance required by law?
No, but highly recommended
What is the average age for first time homeowners?
40
What Do the differences in policy's do?
They determine coverage limits for your dwelling and personal property, pick your deductible amount, and add endorsements for specific perils like floods, earthquakes, or sewer backups. Options also include replacement cost versus actual cash value.
What are some examples of damages to your house?
Fire, Storms, and vandalism
Smaller and cheaper homes will have what?
Lower insurance cost
How many bedrooms does the average house have?
3
How many unexpected problems will a homeowner experience with their home every year?
1-2
What is the most common home insurance?
H0-3
What are some examples of personal belongings that covered that are mentioned in the presentation?
furniture, clothes, electronics if they are stolen or damaged
Larger, more risky homes will have what?
Higher insurance cost
Rounded up, what is the average child per household split? Double points if you say exactly the number.
2
(1.97)
What percent of homeowners reported encountering at least one unexpected, necessary repair in 2024-2025?
83%-85%
What is the least common home insurance?
H0-1
What is liability coverage?
If someone is hurt on your property and you are responsible.
What is the average cost for homeowners insurance?
The general average of home insurance can vary between $2000-$2500 per year or 170-210 a month
How much does the average house cost in VA?
$410,00-$450,000