We know that homeowner’s insurance is very important as it helps to protect some of the most valuable assets that one will have in their lifetime. Whether you rent, own a condo, single family home or rental property, have you ever wondered what goes into calculating the premium for your risk? Or why you and your neighbor have the same insurance carrier and live in similar homes, but you pay more each year. It may be a little more complicated than you would think. In this article we will look at the primary factors that insurance companies use to come up with how much to charge you for agreeing to cover these valuable assets.