The cost of your home owner insurance is usually determined based on several factors. When you talk to an insurance agent during your search for home owner insurance, expect to answer questions regarding whether you own or rent, what kind of liability coverage you will need, your possessions and valuables and their worth, the number of people living in the house, and the general condition of your house.

Knowing whether you own or rent will help the insurance agent understand in what direction you will need to go in order to determine your home owner insurance cost. Renters don