Which of the following is something that will not affect your homeowners insurance premiums? (2024)

Which of the following is something that will not affect your homeowners insurance premiums?

Expert-Verified Answer

Which of the following is something that will not affect your homeowners insurance premium a the age of the home b the size of the home?

A homeowners insurance premium refers to a monthly or annual payment to an insurance company which maintain the house and stuff insured. This amount can be variate depending on the size, location and age of the home, but not depends on the color of it.

Which of the following does not affect your property insurance premiums?

Final answer: The age of the property owner does not affect the property insurance premium.

What affects home insurance premiums?

Which of the following is not a factor that affects your auto insurance premiums?

The color of your car is not a factor that affects your auto insurance premiums.

Which of the following can affect your insurance premiums?

Which one of the following is not covered by homeowners insurance?

Earthquake and water damage

In most states, earthquakes, sinkholes, and other earth movements are not covered by your standard policy.

Which of the following does not affect your property insurance premiums brainly?

Final answer:

Your age does not affect property insurance premiums.

Which of the following factor affects homeowner insurance premiums the most?

Factors like where you live, your home's replacement cost, and your policy deductible generally affect your home insurance premiums the most.

What are home insurance rates affected most directly by?

Some of the factors that determine a home insurance premium include: where your home is located, its replacement cost, the age of plumbing and electrical services in the house, condition of the roof, distance from a fire hall or fire hydrant, your claims history and your insurance history.

What are 3 factors that may affect your life insurance premium?

Your age, sex, smoking status and overall health come into play and have an impact on your premiums. While it's important that your premium fits within your budget, there are other things you should consider as well.

Which of the following is not a component of the insurance premium?

Expert-Verified Answer

The number of beneficiaries is not a component of an insurance policy premium. The components typically include the mortality cost, insurer expenses, and potential investment return by the insurance company.

What three factors determine premiums?

The premium rate for a life insurance policy is based on two underlying concepts: mortality and interest. A third variable is the expense factor which is the amount the company adds to the cost of the policy to cover operating costs of selling insurance, investing the premiums, and paying claims.

What are the 5 factors your premium depends on for auto insurance?

What affects the amount of an insurance premium quizlet?

Actuaries base life insurance premiums on three factors: mortality, interest, and expenses: -Mortality is the risk of death posed by the applicant. It is a charge. -Interest is the amount the insurer can expect to earn on invested premiums.

Which of the following is not a factor in premium determination?

Explanation: The factor not considered by health insurance companies when determining the cost of a premium is Income. Health insurance companies typically consider factors such as tobacco use, family medical history, and age.

Which of the following could cause your premiums to increase?

Speeding tickets and other moving violations

The more violations you have, the higher your risk to file a claim — resulting in a rate increase. Even a minor moving violation ticket could increase your car insurance rate.

What does homeowners insurance not cover quizlet?

Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it's important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.

What is excluded on a homeowners policy?

Common exclusions in even the most comprehensive homeowners policies include: earth movement, such as earthquakes; sinkholes or landslides that damage your home; water damage, such as floods or sewer back-ups that leak through a pipe or seep through the foundation causing damage to your home; damage resulting from ...

Which one is not protected by most homeowners insurance?

What are four major exclusions found in homeowners insurance policies pertaining to real property?

Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.

Which of the following causes of loss is not automatically included in a homeowners policy?

Coverage A: Dwelling

However, the following causes of loss are usually excluded from coverage under the homeowners policy: Earthquake. Flood. Faulty maintenance.

What are some items typically excluded from property insurance?

Does marital status affect home insurance?

Marital status typically lowers your insurance premiums for home and auto policies. For home insurance, you may pay less after getting married since married people are less likely to file claims, statistically speaking.

Which of the following factors should be considered while purchasing a homeowners insurance ho policy?

An individual should consider the following when purchasing a homeowner's insurance policy: the perils a property might face, the probability and severity of loss to the house property, and the required premium payment.