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How are home insurance premiums calculated?

A variety of factors influence the cost of your home insurance premiums, including: 

  • Age and size  
  • Building materials 
  • Home-based business 
  • Location 
  • Mortgage(s) 
  • Number of families in the dwelling 
  • Proximity to fire hydrant or station 
  • Type of building (detached, semi, etc.) 
  • Type of heating system