Interested in a homeowner insurance quote in North Dakota for your mobile home, condo, or home? For a state with a relatively low risk for natural disasters, homeowner insurance coverage in North Dakota is just one point shy of being among the Top 20 U.S. states with high average insurance rates. Ranked at No. 21, North Dakota annual premiums cost approximately $742.

What makes insurance rates higher in comparison to other supposedly “low risk” states, North Dakota does experience occasional heavy snow and ice and blizzards during winter and floods as a result of the ice melting during spring, and also during hurricane season. Because of these perils, it is vital for homeowners to get more than enough coverage to protect their homes and personal belongings.

It is very important to mention that the basic homeowner insurance policy does not cover floods. It may be added to the standard insurance plan at extra cost or be purchased as a separate policy from the National Flood Insurance Program.

The North Dakota Department of Insurance recommends that homeowners purchase policies that would cover 80% of the home’s replacement cost in the event that it gets destroyed or damaged by natural disasters. Definitely the most basic policy that mortgage lenders require homeowners to get before approving loans would not be insufficient coverage.

Before purchasing homeowner insurance in North Dakota, the homeowner should have their home appraised to determine the market value of its replacement cost. A complete appraisal should also include determining the replacement costs of personal belongings, such as furniture, appliances and electronic gadgets. Valuables like jewelry, antiques and stamp or coin collections would need extra coverage in the standard policy. The most important rule in purchasing a homeowner policy is to be sure that the home is neither over-insured nor under-insured. Over-insuring a home and its contents would mean higher premiums, which would be a huge burden on the budget. Under-insuring would mean that, when disaster strikes, there won’t be enough money to claim from the policy to cover the major financial losses that would most certainly occur with the destruction or damage to the home or loss/theft of personal belongings.

Basic homeowner insurance in North Dakota includes coverage for the actual structure of the home and attached or unattached buildings such as sheds and garages. There is also liability coverage in the event of lawsuits or claims made against the homeowner and his/her household resulting from property damage and/or bodily harm to another person. Medical expense coverage provides the necessary funds for an individual who gets injured on the homeowner’s property.

It is because of the higher than average insurance rates in the states that North Dakota residents look for ways to lessen their premiums. This could be accomplished by comparing insurance quotes among the various insurance companies in the area, purchasing an umbrella policy (a bundled package consisting of other types of insurance like life and car insurance) from the same insurance provider, and raising deductibles. However, homeowners should be cautious about raising their deductibles too high as they might end up shouldering the greater part of the claim out of his/her own pocket instead of allowing the insurance company to carry the heavier financial burden.

A sure-fire way to lessen premiums is be availing of discounts, which could save a homeowner of as much as 20% from their annual premiums. North Dakota has a list of discounts that homeowners could avail of:

· Homeowners above 50 years of age

· Acquiring an umbrella policy

· Quitting smoking or the homeowner and his/her household are all non-smokers

· Renovations

· Fire sprinklers

· Electronic burglar alarms

· Installation of deadbolts

Because of the importance of an insurance policy to a homeowner, the North Dakota Department of Insurance strictly monitors the activities of insurance providers in the states. Complaints against insurance companies are filed directly at their office. They also provide step-by-step guides on how to file a claim from the policy.

Indeed, the vigilance of the state’s government is helping residents to ensure that they get the most out of their homeowner insurance in North Dakota.

Find  homeowner insurance rates in each of these North Dakota cities or counties:
Bismarck – Devils Lake – Dickinson – Fargo – Grand Forks – Jamestown – Mandan – Minot – Minot AFB – Valley City – Wahpeton – West Fargo – Williston – Adams County – Barnes  – Benson  – Billings  – Bottineau  – Bowman  – Burke  – Burleigh  – Cass  – Cavalier – Dickey  – Divide  – Dunn  – Eddy  – Emmons  – Foster  – Golden Valley  – Grand Forks  – Grant County – Griggs  – Hettinger  – Kidder County – LaMoure County – Logan  – McHenry  – McIntosh  – McKenzie – McLean  – Mercer  – Morton  – Mountrail  – Nelson  – Oliver  – Pembina County – Pierce  – Ramsey  – Ransom  – Renville County – Richland  – Rolette  – Sargent  – Sheridan  – Sioux  – Slope  – Stark  – Steele  – Stutsman  – Towner  – Traill  – Walsh  – Ward  – Wells  – Williams County

Homeowner insurance in North Dakota 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 North Dakota above.

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