What Factors Affect The Cost Of Homeowners Insurance? 
The insurance company employs an underwriter who will look to see if the home meets the criteria for a standard risk . Most insurers do not like to insure any home that they dont consider standard . At renewal they are likely to surcharge a residence if there was a recent claim . There are other ways that the premium is affected . The insured could select more extensive coverage , or removal of limitations or exclusions -LRB- water backup is an example . -RRB- The company will usually reduce the premium if the insured selects a higher deductible , or installs a central station alarm system . 