Final answer:
Homeowner insurance policies are rated on factors such as dwelling location, fire protection, and construction of the dwelling, but not on the age of the homeowner.
Step-by-step explanation:
When determining how homeowner policies are rated, insurance companies typically consider several factors. These factors include the location of the dwelling, as it affects the risk of natural disasters or crime; fire protection available, such as proximity to a fire station or the installation of sprinklers, which can mitigate damage; and the construction of the dwelling, because materials and building standards can affect the home's resilience to damage.
However, one factor that is generally not taken into account is the age of the homeowner.
Homeowner insurance policies are rated on factors such as dwelling location, fire protection, and construction of the dwelling, but not on the age of the homeowner.