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  • Homeowners Insurance Average
    Homeowners Insurance Average

Homeowners Insurance Average

Homeowners insurance is a policy that protects homeowners against any damages or losses that may occur on their homes. Different homeowner insurances covers different losses and damages that may befall a house, taking into considerations different factors. This results to a noticeable difference in the cost of the insurance policy. As homeowners insurance is a very important factor of acquiring a home loan and a mean to protect your investment, its cost is a very important factor in determining whether you will acquire one.

To be able to know the average cost of the homeowners’ insurance policy, monthly and annually, we need to look at the factors affecting the policy cost.

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The factors are:

· Location

People located in areas prone to perils; theft, storms, floods, earthquakes, fires andwinds are liable to pay very high insurance policies while those located in areas less exposed to these catastrophes are most likely to pay very low for their policies.

· Type of Policy

If the policy is bought to cover multiple risks (say storms, theft and fires), then the cost of the policy will be very high compared to a policy that covers a specific risk, theft alone, for instance.

· Insurer

Different insurance companies charge their policies differently. Look for an insurer that covers the most liabilities and charge fairly for them as opposed to one that covers a specific risk and charge highly for it.

For one reason or the other, you may end up owning a home in an area that is disaster prone and you have to protect yourself from paying too much for you policy. To avoid these pinching overpays, then you should consider:

· Expert insight

You should make your house more disaster resistant to pay less for your policy. Making your home more secure will also make it less prone to theft thus paying less premiums. Ask experts or your insurers what they recommend to avoid paying extra.

· Stay with the same insurerHomeowners Insurance Average (1)

Insuring your home with the same insurer you have been using for your other policies will make you a long time policyholder thus allowing you to receive discounts.

The average cost of the homeowner’s policy ranges from $500-$2000 per month due to the aforementioned factors. The cost varies from one place to another due to prevalence of risks. Homeowner’s insurance policy is one of the most important policies you can invest in and there’s no substitute for it. It protects you from the unexpected twists of life and unwelcome events that without this policy would leave you homeless.

Factors Determining Cost Of Exterior Painting

While others think of rebuilding their homes, you can think of repainting the exterior of your home and make it more beautiful and also add its value. While thinking of this it is important to consider the cost.

There are many factors that are put into consideration when determining the paint home exterior cost.

Hiring a professional painter This is more expensive since one incurs the cost of paying someone else to do the service.

Quality comes at a cost.

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This may look expensive but one can be sure the work done will be of good quality.

To reduce the cost further one can consider the services of a local professional rather than the one who is miles away. Size of the house It is clear that the size of the house is directly proportional to the cost of painting the exterior. A smaller house costs less and a big house costs more.

The size of the house will surely determine the cost one will incur for this job.

Factors Determining Cost Of Exterior Painting (1)Cleaning costs Cleaning is part of prep work for exterior painting. The painters may prescribe that the house be power washed with hot water. They can also prescribe pressure washing using cold water before the painting job can begin. This is necessary to bring out a quality job. The cost range of this service is between four hundred and seven hundred dollars. Quality and type of paint The paint to be used has to withstand the harsh weather elements like rain, sun, snow and even the hurricanes.

The paints that can withstand such elements tend to be more expensive though they require few coats. The type of paint whether it is water based or oil based will also determine the cost since they tend to have price variations. Water based paint is preferred over oil based. This is because it expands and contracts with the siding of the house, it does not crack or peel, neither does it hold moisture and it also dries faster compared to oil based paint.

Caution should be taken when doing the exterior painting job. One should avoid painting in direct sunlight as this makes the paint to dry very fast hence create the lap marks. During windy days the paint dries faster and the wind may blow dirt to the wet paint.

This may make one incur the additional cost of repainting sooner than they would have expected.

Considering these factors will help one determine the paint home exterior cost and make a wise decision.