Sometimes it can be frustrating trying to get a homeowner insurance quote in Nebraska for a condo, mobile home or house. Homeowner insurance coverage in Nebraska is among the Top 20 states with the highest average insurance rates in the country. Ranked at No. 18, annual premiums cost $749 to $783.
The higher cost of premiums should not come as a surprise. Nebraska is situated right in the heart of “Tornado Alley”, making the state particularly prone to experience violent windstorms that could reach wind speeds of 300 mph or more.
It is because of the ever present threat of tornadoes that the basic homeowner insurance in Nebraska provides coverage for tornado damage. This is listed as “wind” or “windstorm” damage.
Another type of peril covered in with a Nebraska homeowner insurance policy is damage resulting from snow, ice and hail. On average, the state gets more than 25 inches of snow annually, but this could increase especially during snowstorms. The heavy weight of ice and snow could cause roofs to cave in and homes to collapse.
What is definitely not covered in Nebraska standard policies is flooding. Flood coverage is particularly important in the state, considering the fact that storms cause heavy rains that produce damaging flash floods.
Homes that are in flood-prone areas would benefit from flood coverage. However, some insurance providers may refuse coverage for this very reason. If flood coverage could not be added to the basic insurance, it is best to secure a separate policy from the National Flood Insurance Program.
The main types of coverage in homeowner insurance in Nebraska are the following…
· Homeowner’s-1 (HO-1): This type of insurance coverage only provides very limited coverage for homeowners whose property was damaged by smoke, lightning, fire and theft.
· Homeowner’s-2 (HO-2): In addition to the items mentioned being covered by HO-1, HO-2 coverage also encompasses damage caused by falling objects, force exerted by the weight of ice or snow, water from plumbing systems, freezing of plumbing systems, electrical damage to appliances, and water damage from ruptured water heaters, as well as heating and air-conditioning systems.
· Homeowner’s-3 (HO-3): This is otherwise known as the Special Form Policy, this is the policy that most Nebraska residents avail of. It covers the home against all risks of physical loss, except for certain perils those that are excluded in the policy, one of them being floods.
· Tenant’s/Cooperative Owner’s (HO-4): Covers the contents of the apartment including the personal belongings of the renter. Added to this policy are medical and liability coverage.
· Homeowner’s-5 (HO-5): Provides the same coverage as in HO-3, but includes protection for personal possessions, except for those things that are specifically excluded in the policy. This coverage can also be added to the HO-3 policy as a Special Personal Property clause.
· Condominium Unit Owner’s (HO-6): This typically provides coverage to the contents of the condo unit with added medical and liability coverage.
Because of the higher cost of insurance premiums in Nebraska, it is advisable to avail of discounts from the insurance company.
One sure fire way to get a discount, especially for those who are still building their homes, is to use stronger construction materials such as brick and stone, which would assure the home’s sturdiness during windstorms.
Discounts are also given if the homeowner and his/her family have moved into a new home during the last two years.
Other ways to avail of discounts in premiums include getting several types of insurance (such as life and car insurance) with the same insurance company, maintaining a good credit score, customer longevity, and the installation of security alarms and protective devices.
Why put one’s most valuable investment at risk from damaging tornadoes and other natural disasters? Homeowner insurance in Nebraska will guarantee that destroyed or damaged properties will be repaired or rebuilt at minimum cost to the policy holder.
Find homeowner insurance rates in each of these Nebraska cities
Alliance – Beatrice – Bellevue – Blair – Chalco – Columbus – Crete – Elkhorn – Fremont – Gering – Grand Island – Hastings – Kearney – La Vista – Lexington – Lincoln – McCook – Nebraska City – Norfolk – North Platte – Offutt AFB – Omaha – Papillion – Plattsmouth – Ralston – Scottsbluff – Seward – Sidney – South Sioux City – York
Homeowner insurance in Nebraska 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 home owner insurance in Nebraska above.