Why are older homes more expensive insurance?
Why are older homes more expensive insurance?
Older homes are viewed by homeowners insurance companies as higher-risk than newer homes — they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in very good shape — and therefore homeowners insurance premiums for old homes are …
What is an Hoi?
Indices. Share: The NAHB/Wells Fargo Housing Opportunity Index (HOI) for a given area is defined as the share of homes sold in that area that would have been affordable to a family earning the local median income, based on standard mortgage underwriting criteria.
What is hoi document?
Homeowners insurance is a multiline property insurance policy for private residence. The HOI covers both liability insurance, if someone were to be injured on your property, and homeowners insurance to cover the home from damage.
