Home owners insurance?

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ROUGHLY how much would home owners insurance be for a home around 550,000 in Atlanta. All brick home, relatively new. I know more information is needed, I just need a loose estimate.

  1. Reply
    July 21, 2011 at 12:15 am

    Home insurance is based on replacement cost… not purchase price.. large brick home.. $ 1000-1200/year at the most.
    Less if it is part of a blanket policy.. home/auto/life..

  2. Reply
    July 21, 2011 at 12:51 am

    It is included in the mortgage. It would be in the neighborhood of $ 350/month
    I own a 200k condo in Atlanta , and I paid $ 1700/year .

  3. Reply
    July 21, 2011 at 1:31 am

    It’s ALSO going to depend on your credit, and the protection class. The protection class rating can triple the premium. YOu’re going to have to get the estimate from a local agent. I’d expect it, in a protection class 3, to run you around $ 3,000 with a $ 1,000 deductible.

    A CONDO policy is NOT the same as a homeowners – most of the condo structure is insured by the condo association. ALL of the homeowners structure is insured by you.

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