A homeowner insurance quote in New Hampshire takes just a moment when you use the form above for a condo, mobile home, or stick built home insurance quote. A homeowner insurance policy in New Hampshire is in the lower mid-range of average insurance rates in the U.S. Annual premiums cost between $623 and $669.
There are special considerations which make homeowner insurance in New Hampshire unique from other states, and which will also affect the value of the policy. These considerations are as follows:
· Size of the home: The larger the home, the more expensive the policy
· Single-storey homes vs. Multiple storey-homes: Homes with two or more storey are more expensive because the greater height exposes the home to more risky elements (such as high wind speeds) or there is a greater likelihood of someone getting injured by falling from a height or being hit by falling objects from the upper floors.
· Age of the home: The older the home, the more expensive it is to insure
* Credit score: A poor credit score may affect a homeowner’s chances of purchasing a policy. Insurance providers are more likely to entertain claims if the policy owner has a credit history that reflects prompt and punctual payments.
Although mortgage lenders require loan applicants to purchase an insurance that meets certain minimum coverage requirements, homeowners are strongly advised to get a policy that covers at least 80% of the replacement cost of the home if it gets destroyed or damaged when disaster strikes.
Basic New Hampshire homeowner insurance coverage are divided into two main categories, which are in turn subdivided into different types of coverage. These categories and their respective coverage are:
SECTION I (Includes Property Coverage A, B, C, and D)
· Coverage A (Dwelling): Insures the actual structure of the home for at least 80% of its replacement cost
· Coverage B (Other Structures): Covers unattached structures such as garages and sheds. Coverage limit is 10% of the limit set in Coverage A
· Coverage C (Personal Property): Covers the personal belongings and amounts to 50% of Coverage A
· Coverage D ( Loss of Use): Pays for the necessary funds so that the homeowner and his/her family could still enjoy a normal standard of living while the home is being repaired or rebuilt
SECTION II (Includes Liability Coverage E and F)
· Coverage E: Covers lawsuits and claims resulting from bodily harm or property damage to another person
· Coverage F: Pays for medical expenses of individuals (other than the members of the homeowner’s household) who get injured on the homeowner’s property.
While New Hampshire is not as prone to natural calamities compared to other parts of the country, the state does experience electrical storms and blizzards.
Before purchasing homeowner insurance in New Hampshire, it may be necessary to get the services of an insurance underwriter. He or she is in the best position to assess the conditions in certain areas that would put the home at risk. If the home is located in risky locales (such as high flood areas or there is a distance from the nearest fire department), the underwriter may require the homeowner to get a policy with greater coverage, thus increasing premium costs.
In order to lower insurance payments for homeowner insurance in New Hampshire, one could avail of discounts by installing security alarms and protective devices in the home or get a bundle of multiple policies from the same insurance provider.
Find homeowner insurance rates in each of these New Hampshire cities or counties
Amherst – Atkinson – Barrington – Bedford – Belmont – Berlin – Bow – Claremont – Concord – Conway – Derry – Dover – Durham – Exeter – Franklin – Gilford – Goffstown – Hampstead – Hampton – Hanover – Hollis – Hooksett – Hudson – Keene – Laconia – Lebanon – Litchfield – Londonderry – Manchester – Merrimack – Milford – Nashua – Newmarket – Newport – Pelham – Pembroke – Plaistow – Portsmouth – Raymond – Rochester – Salem – Seabrook – Somersworth – Stratham – Swanzey – Weare – Windham – Wolfeboro – Belknap County – Carroll County – Cheshire County – Coos – Grafton – Hillsborough – Merrimack – Rockingham – Strafford County – Sullivan
Homeowner insurance in New Hampshire 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 New Hampshire above.