The cost of insurance depends on:
Insurance amount: the coverage amount affects the cost of insurance. The higher the insurance amount, the higher the premiums.
Condition of the insured property: year of construction, material, and nature of use.
Location: the location of the insured property can affect risks and, consequently, the cost of insurance.
Claims history: previous insurance claims can increase the cost of insurance.
Selected options and additional coverages: additional options and expanded coverages also affect the final cost.