There is a trick to saving money on homeowner insurance in Kansas. Although not included among the Top 10 states with the highest home insurance rates, homeowner insurance coverage and condo and mobile home owners policies in Kansas is still quite pricey, with annual premiums at a low of $866 to a high of $938.
Kansas is one of the many states in the U.S. that does not require residents to get a homeowner insurance policy. Those who would like to get housing loans need to get a policy before the mortgage lender could approve their loan applications.
Even if one does own the home outright, it is very much recommended that an insurance policy be obtained, so that the property will be protected and, in the event of calamities and damage to the home, the insurance company will provide the necessary funds for repairs, rebuilding, and replacement of lost or stolen personal belongings.
Basic coverage in homeowner insurance policy in Kansas includes the following:
· Coverage for Physical Structures: Provides protection for the house and attached or detached structures like a garage or a shed.
·Contents: Provides protection for everything that is inside the home including clothing, furniture, appliances and other personal belongings. Coverage for the contents of the home is usually half of the total value of the home. So, a home covered for $200,000 would have Contents Coverage of $100,000. Homeowners could also avail of higher limits of Contents Coverage at extra cost.
· Additional Living Expenses: Provides for living expenses (includes apartment rental, food, clothing) for the homeowner and his family when they are forced out of their house because of damage to the property. This will allow them to continue to enjoy a normal standard of living while their home is being rebuilt or repaired.
· Liability: Provides protection against lawsuit or claims when a person is injured on the homeowner’s property or structures on the homeowner’s property such as when a falling tree which causes damage to another person’s home.
· Medical Payments: In the event that someone is injured on the homeowner’s property, this would cover medical expenses.
Among the perils that are covered in the basic policy are fire, windstorm, vandalism and hail. Flood coverage is not included. The rider could be added to the policy at extra cost or a separate policy obtained from the National Flood Insurance Program.
Because the Insurance Department of the state recognizes the importance of homeowner insurance in Kansas, they have instituted the Fair Access to Insurance Requirements (FAIR) Plan. In order to get coverage from the FAIR Plan, the homeowner must meet the following basic requirements:
· He or she has been rejected by at least three private insurance companies. It is very important to keep a record of the names of these insurance providers, the dates and information about the application, and the reasons given for the rejection of the application.
· Application for FAIR Plan must be made through another insurance provider with affiliations to the Plan.
· For coverage eligibility, the application and the property itself must first be inspected and appraised by the FAIR Plan.
Find homeowner insurance rates in each of these Kansas cities
Abilene – Andover – Arkansas City – Atchison – Augusta – Bonner Springs – Chanute – Coffeyville – Derby – Dodge City – El Dorado – Emporia – Fort Riley North – Fort Scott – Garden City – Gardner – Great Bend – Hays – Haysville – Hutchinson – Independence – Iola – Junction City – Kansas City – Lansing – Lawrence – Leavenworth – Leawood – Lenexa – Liberal – Manhattan – McPherson – Merriam – Mission – Newton – Olathe – Ottawa – Overland Park – Parsons – Pittsburg – Prairie Village – Pratt – Roeland Park – Salina – Shawnee – Topeka – Wellington – Wichita – Winfield
Homeowner insurance in Kansas provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan can help you make the best choices about this important protection for you and your family. Get free quotes on homeowner insurance in Kansas above.