What Is Homeowners Insurance Based Off Of? 
The premium for a homeowners policy is based on the location of the home , the value of the home , the age of the home , the fire protection available , and the loss history of the home and the occupants . While these determine the rate there are other items of interest to underwriters which can cause them to modify the premium or deny coverage . These items include but are not limited to the presence of wood burning devices , aggressive animals , dangerous sports equipment , and general poor maintenance . 