#6 – Paying Your Insurance Premium
More than likely, a bigger and more expensive home means a higher insurance premium. Before you actually own your home, you will more than likely not be able to obtain a precise quote for how much you’d be spending on premiums.
Instead, you can place the price at increasing in proportion to the extra square footage of your new home. The extra land that comes along should be left out of the equation, as land is not insured.