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# 🛠 How Is My Custom Home or Tenant Insurance Premium Calculated?


Your premium isn’t random — here’s what goes into it:

📜 **Your insurance history:**  
Have you had past claims? Are you a first-time policyholder? Your history helps insurers assess risk and pricing.

🏠 **Your home’s details:**  
Things like your **building’s replacement cost**, year built, and square footage all factor in.

🔥 **Fire protection rating:**  
This is based on how close you are to a fire station or hydrant, which helps gauge emergency response times.

🔧 **Upgrades & construction details:**  
Have you replaced the roof? Upgraded the plumbing, heating, or electrical? These kinds of updates can reduce risk — and sometimes your price.

🧾 **Other rating factors:**  
Insurers may also look at construction materials, neighborhood risk levels, or even your postal code.