| Property Type | Example Coverage | Deductible | Estimated Annual Premium | What Affects the Price |
|---|---|---|---|---|
| Single-family home |
Dwelling: $450,000 Personal property: $180,000 Liability: $300,000 |
$1,000 | $1,800–$2,600 | Year built, roof condition, heating system, property location, claims history |
| Single-family home |
Dwelling: $450,000 Personal property: $180,000 Liability: $300,000 |
$2,500 | $1,600–$2,300 | A higher deductible usually lowers the premium |
| Condo (HO-6) |
Interior coverage: $100,000 Personal property: $75,000 Liability: $300,000 |
$1,000 | $500–$1,100 | Interior coverage limits, condo association requirements, location |
| Co-op |
Improvements: $80,000 Personal property: $60,000 Liability: $300,000 |
$1,000 | $600–$1,200 | Board requirements, amount of interior improvements, personal property limits |
| Townhouse |
Dwelling: $350,000 Personal property: $125,000 Liability: $300,000 |
$1,000 | $1,200–$2,000 | Shared walls, HOA responsibilities, roof condition, and construction details |
Example: A New York homeowner insuring a single-family home with $450,000 in dwelling coverage, $180,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible may pay about $1,800 to $2,600 per year. Raising the deductible to $2,500 may lower the premium to about $1,600 to $2,300 per year. The final cost will depend on the property’s location, age, condition, claims history, and selected coverage options.