?>
 

Homeowner insurance coverage in Ohio for a condo, house, or manufactured home has the fifth cheapest coverage rates in the country. Average annual insurance premiums cost between $530 and $559.

The affordable insurance rates are due mainly to the fact that Ohio rarely experiences severe weather and other natural disasters. This makes the state ideal for new homeowners with regards to its location and climate and the cost of insurance.

Like in most U.S. states, mortgage lenders require a basic insurance policy before they could approve loan applications. Instead of just settling for a standard policy with limited coverage, given the lost cost of insurance, it is better to get right from the start the best policy for the home. Ideally, the coverage should be at least 80% of the estimated value of the home’s replacement cost.

The standard homeowner insurance policy in Ohio consists of the following types of coverage…

· Property:  This type of coverage is divided into two sections. “Dwelling Coverage” provides protection to the actual structure of the home. The second section covers detached buildings such as garages, sheds and swimming pools.

· Personal Property:  Covers the contents of the home such as furniture, appliances, clothing, toys and electronic devices. This type of coverage may be extended to items that are stored in the car or in the child’s college dorm room .

· Liability Coverage:  This part of the policy is also divided into two sections. Personal liability coverage provides protection from lawsuits and claims when someone is injured on the homeowner’s property or another person’s property is damaged by the homeowner and/or other members of his household including pets. Medical expense coverage provides funds for the medical treatments of the injured party.

Although floods are a rare occurrence in Ohio, it certainly helps to be prepared by having the rider added to the basic policy at extra cost or by getting a separate flood coverage plan from the National Flood Insurance Program.

There are important issues to consider when filing claims in Ohio. First of all, filing a claim today would mean an increase in premiums in the future, so a homeowner should weigh if the increase in insurance rates would be worth the claim benefit. As an example, let’s say a window is broken by a flying baseball and the damage is worth $600. Assuming that the homeowner has a $500 deductible in his policy, the claim would only amount to $100. In this case, the homeowner is better off paying for the broken window out of his own pocket. This would keep his claims history clear and insurance premiums low.

Secondly, it is important to file the claim within 24 hours for speedy damage evaluation by an adjuster and paperwork processing. Last but not least, if the damage is severe making the home unlivable, the homeowner should keep a record and all the receipts of expenses while living outside the home. These would include receipts for apartment rentals, food and clothing expenses. The insurance company would need these records and receipts for reimbursement.

Being one of the cheapest in the country, homeowner insurance in Ohio is the best investment that every resident should make in order to protect their homes and personal belongings.

Find  homeowner insurance rates in each of these Ohio cities or counties:

Akron – Alliance – Amherst – Ashland – Ashtabula – Athens – Aurora – Austintown – Avon – Avon Lake – Barberton – Bay Village – Beachwood – Beavercreek – Beckett Ridge – Bedford – Bedford Heights – Bellbrook – Bellefontaine – Bellevue – Belpre – Berea – Bexley – Blacklick Estates – Blue Ash – Boardman – Bowling Green – Brecksville – Bridgetown North – Broadview Heights – Brook Park – Brooklyn – Brunswick – Bryan – Bucyrus – Cambridge – Campbell – Canfield – Canton – Celina – Centerville – Cheviot – Chillicothe – Cincinnati – Circleville – Clayton – Cleveland – Cleveland Heights – Clyde – Columbus – Conneaut – Cortland – Coshocton – Covedale – Cuyahoga Falls – Dayton – Defiance – Delaware – Delphos – Dent – Dover – Dry Run – Dublin – East Cleveland – East Liverpool – Eastlake – Eaton – Elyria – Englewood – Euclid – Fairborn – Fairfield – Fairlawn – Fairview Park – Findlay – Finneytown – Forest Park – Forestville – Fostoria – Franklin – Fremont – Gahanna – Galion – Garfield Heights – Geneva – Girard – Grandview Heights – Green – Greenville – Groesbeck – Grove City – Hamilton – Harrison – Heath – Highland Heights – Hilliard – Hillsboro – Howland Center – Hubbard – Huber Heights – Hudson – Huron – Independence – Ironton – Jackson – Kent – Kenton – Kenwood – Kettering – Kirtland – Lakewood – Lancaster – Landen – Lebanon – Lima – Lincoln Village – Logan – London – Lorain – Louisville – Loveland – Lyndhurst – Macedonia – Madeira – Mansfield – Maple Heights – Marietta – Marion – Martins Ferry – Marysville – Mason – Massillon – Maumee – Mayfield Heights – Medina – Mentor – Mentor-on-the-Lake – Miamisburg – Middleburg Heights – Middletown – Milford – Monroe – Montgomery – Moraine – Mount Healthy – Mount Vernon – Napoleon – New Philadelphia – Newark – Niles – North Canton – North College Hill – North Madison – North Olmsted – North Ridgeville – North Royalton – Northbrook – Northgate – Northridge – Norton – Norwalk – Norwood – Oakwood – Oberlin – Olmsted Falls – Oregon – Orrville – Oxford – Painesville – Parma – Parma Heights – Pataskala – Pepper Pike – Perry Heights – Perrysburg – Pickerington – Piqua – Port Clinton – Portage Lakes – Portsmouth – Powell – Ravenna – Reading – Reynoldsburg – Richmond Heights – Rittman – Riverside – Rocky River – Rossford – Salem – Sandusky – Sandusky South – Seven Hills – Shaker Heights – Sharonville – Sheffield Lake – Shelby – Shiloh – Sidney – Solon – South Euclid – Springboro – Springdale – Springfield – St. Marys – Steubenville – Stow – Streetsboro – Strongsville – Struthers – Sylvania – Tallmadge – Tiffin – Tipp City – Toledo – Trenton – Trotwood – Troy – Twinsburg – University Heights – Upper Arlington – Upper Sandusky – Urbana – Van Wert – Vandalia – Vermilion – Wadsworth – Wapakoneta – Warren – Warrensville Heights – Washington – Wauseon – Wellston – West Carrollton City – Westerville – Westlake – Wheelersburg – White Oak – Whitehall – Wickliffe – Willard – Willoughby – Willoughby Hills – Willowick – Wilmington – Woodbourne-Hyde Park – Wooster – Worthington – Wright-Patterson AFB – Wyoming – Xenia – Youngstown – Zanesville

Homeowner insurance in Ohio 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 Ohio above.

Sorry, the comment form is closed at this time.