Home Buying in 02119>Question Details

Lancapd, Home Buyer in 02119

How much is the typical homeowners insurance on a 200,000 home?

Asked by Lancapd, 02119 Sun Jun 21, 2009

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Hello- I'm not sure, but I think the other comment was talking about title insurance, not homeowners insurance.
Property insurance will vary based on many things like the age of property, size, and other items- how far away from a FD, etc-
But, I always figure about $500/ year is a good number- for a single family owner occupied home- assuming you don't live right on the beach or something... This doesn't include flood insurance- if needed. If I can be of any more help, please let me know. Thanks and good luck,

Ken L.
0 votes Thank Flag Link Mon Jun 22, 2009
Two types:

Homeowner's is typically $2.50 per thousand and is optional
Lender's Title is $1.50 per thousand and is required, they can be issues at the same time.

In MA the fee doesn't vary from lender to lender.
0 votes Thank Flag Link Sun Jun 21, 2009
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