March 2016
Intermediate to advanced
700 pages
144h 54m
English
As an informed consumer, you should understand how the cost of a homeowners policy is determined. Also, certain underwriting factors determine if an applicant for a homeowners policy is acceptable. Major rating and underwriting factors include the following:
Construction
Location
Fire-protection class
Construction costs
Age of the home
Type of policy
Deductible amount
Insurance score
Loss history report
Construction of the home is an extremely important rating factor. The more fire-resistant the home is, the lower the rate. Thus, wooden homes cost more to insure than brick homes. However, earthquake insurance costs are substantially less for wooden homes.
Location of the home is another important ...
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