Financing in 10314>Question Details

Jtkb715, Home Buyer in Staten Island, NY

WHAT IS THE AVERAGE COST FOR HOMEOWNERS INSURANCE ON STATEN ISLAND? BALLPARK FIGURE. IS THIS INCLUDED IN YOUR MORTGAGE?

Asked by Jtkb715, Staten Island, NY Wed May 16, 2012

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Irena Popilevsky’s answer
Hi,

Homeowners Insurance range from $800 - $1,600 depending on proximity to water, size, deductible and sometimes your credit score, this does not include flood insurance. If your mortgage company will escrow for taxes, they will escrow for the insurance premium as well.

Hope this information is what you were looking for.
0 votes Thank Flag Link Wed May 16, 2012
For an accurate picture of costs contact a few local insurance companies and ask for free quotes based on your needs. Generally insurance costs are included in your mortgage.
1 vote Thank Flag Link Wed May 16, 2012
If you search around and depending on the size of the house you will get what's called replacement value plus accident ins etc.. Also if you need flood insurance that would be more. Check around to get the best price. I've seen homeowner insurances as low as $700 per year. You can include it in your mortgage if you choose to. It's not mandatory.

Dorene Marino
Licensed Real Estate Sales Agent
Robert DeFalco Realty
646.270.0112
0 votes Thank Flag Link Wed May 16, 2012
Your best bet is to call a local insurance company because there are a lot of factors involved- amount of coverage desired ;where its located, brick house or other siding, etc. Could be $1000 per year, could be $1800-depends on above criteria....
0 votes Thank Flag Link Wed May 16, 2012
Not usually included, no. Engage a local Realtor here http://www.trulia.com/voices/directory/Saint_George-broker--85362
0 votes Thank Flag Link Wed May 16, 2012
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