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Fament Inc
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Fament Inc
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Home Owners Insurance in Columbus, OH

What does home owners insurance cost?

This can vary greatly, as you would expect. Here are some affecting factors –
  1. Estimated value of property/dwelling including improvement value.
  2. Location of the home and homes surrounding it. We understand the specific conditions in the Columbus, OH and surrounding areas.
  3. How the home is occupied (usage and residents)
  4. Insurance history and profile of the primary insured.
  5. Who the insurer is and their history in the region.
  6. Recent catastrophes in the area.
  7. The primary insure/s credit history and ability to keep the policy current.

Why does homeowners insurance go up gradually or sometimes suddenly?

This can depend on many factors, but in essence a few key factors are at play –
  1. The size of the pool of people buying insurance in that region/state (areas surrounding Columbus, OH).
  2. Recent catastrophes – forest fire damage, widespread earthquake damage, or widespread flooding.
  3. An indicative trend in certain conditions – such as data showing that there are more earthquakes in the region as a result of heavy fracking in the area.
  4. Competition among insurers.
  5. Insurance losses.

What is homeowners insurance?

An insurance policy for your home normally has at the very minimum fire and casualty coverages – that’s dwelling (property) and valuables coverage for the value (and valuables) of your home/property. It covers the cost of replacing part or all of the property that was damaged through fire or some casualty (through no negligence of you or anyone living there at the time). With a coverage limit based on what is stated in the policy. Higher coverage limits normally cost more money. There are additional coverages such as flood, earthquake and other local specific coverages that can be obtained. Our agents are well versed in the nuances of home owners insurance in the Columbus, OH area.

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Fament Inc has other insurance programs like Auto Insurance in Columbus, OH.