Save money now on your homeowner insurance quote in Kentucky for your house, condo, or mobile home. Rates are cheaper than ever before. Homeowner insurance coverage in Kentucky is one of the lowest average insurance rates in the U.S. Annual premium rates are in the range of $637 to $754.
The basic policy of homeowner insurance in Kentucky provides protection for the following:
· Property Damage: Covers repairs or replacement to the damaged or destroyed home and attached or detached structures, such as sheds or garages
* Contents Insurance: Covers personal belongings such as furniture, clothing, jewelry and electronic equipment. Contents Insurance is usually half the insured value of the home. For example, if the home is insured for $100,000, personal belongings have coverage of $50,000. The limit of Contents Insurance, however, could be increased at extra cost.
· Additional Living Expense: Provides the necessary funds so that the homeowner and his/her family could maintain a normal standard of living while the home is being rebuilt or repaired. This would include expenses for motel accommodations or apartment rental, food and clothing.
· Personal Liability: Protects the homeowner and his/her family members from claims or lawsuits that arise from physical injury and property damage which the court deems them to be responsible for
· Medical Payments: Covers the medical expenses of an individual who gets injured on the homeowner’s property
The standard homeowner insurance policy covers damages caused by dangerous perils that are unique to Kentucky. One of these is tornadoes, which could cause death, property damage and destruction in a matter of minutes. Tornado damage is specifically listed as “wind” or “windstorm” damage and is included in the standard policy. However, it should be mentioned that properties located in tornado-prone areas may be excluded from coverage. Another peril that is covered in the basic policy is snow and ice, because the state often experiences heavy snowfall during winter which could damage roofs and down power lines.
Although it is one of the states most prone to flooding, the basic policy of Kentucky does not include flood coverage. Homeowners must purchase this rider and have it added to their policy or acquire a separate flood coverage plan from the National Flood Insurance Program.
It is very important to mention that it is very difficult to lower the annual premiums in homeowner insurance in Kentucky. This is because home insurance rates in the state are determined by the value of the property. If the property value is high, it would follow that the insurance premiums would be high also.
Homeowners should discuss with their insurance providers on ways that they could lower their yearly premiums. One good measure is by increasing deductibles. However, the cost of deductibles should not exceed the amount of money that a homeowner could get within a short span of time in the event of disasters of emergencies. Another way is by installing protective devices and security alarms. Some homeowners go the extra mile by installing reinforced glass windows or similar protections against violent winds.
Still, the burden of paying monthly or yearly premiums is a very small price in comparison to the financial ruin that follows disasters and calamities. What better way to protect one’s investment in the home by securing good and well-covered homeowner insurance in Kentucky.
Find homeowner insurance rates in each of these Kentucky cities
Alexandria – Ashland – Bardstown – Bellevue – Berea – Bowling Green – Buechel – Burlington – Campbellsville – Corbin – Covington – Cynthiana – Danville – Edgewood – Elizabethtown – Elsmere – Erlanger – Fairdale – Fern Creek – Flatwoods – Florence – Fort Campbell North – Fort Knox – Fort Mitchell – Fort Thomas – Frankfort – Franklin – Georgetown – Glasgow – Harrodsburg – Henderson – Highland Heights – Highview – Hillview – Hopkinsville – Independence – Jeffersontown – Lawrenceburg – Leitchfield – Lexington-Fayette – Louisville – Lyndon – Madisonville – Mayfield – Maysville – Middlesborough – Mount Washington – Murray – Newburg – Newport – Nicholasville – Oak Grove – Oakbrook – Okolona – Owensboro – Paducah – Paris – Pikeville – Pleasure Ridge Park – Princeton – Radcliff – Richmond – Russellville – Shelbyville – Shepherdsville – Shively – Somerset – St. Dennis – St. Matthews – Taylor Mill – Valley Station – Versailles – Villa Hills – Winchester
Homeowner insurance in Kentucky 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 Kentucky above.