How are Home Insurance Rated Determined?

How are home insurance rates determined?
- When determining how much you’ll need to pay for premiums, insurance companies may consider factors such as:
  - the type of residence you live in, such as a single family home, semi-detached, condo, rental property, or seasonal residence
  - characteristics of your residence, such as materials your house is made of, age, size, location, replacement value
  - value of your property and contents to be insured
  - the distance between your home and a fire hydrant or a fire station
  - the crime rate in your neighbourhood
  - your claims history
  - the type of policy and coverage you selected
  - the amount of your deductible

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