Homeowners insurance is not required by law, but it is required by lenders if you have a mortgage or have taken out a home equity loan or line of credit. A good home insurance policy can shield Kentucky property owners from facing large financial losses due to damage caused by hazards like accidental fires, property crimes, and severe weather events like tornadoes and ice storms. It can also protect you from the high costs related to a number of potential liability lawsuits.
On average, homeowners in Kentucky pay $1,062 a year for their home insurance coverage. This is lower than the national average rate of $1,173 a year. Costs for this insurance are calculated individually according to a number of factors. The size, age, and value of your house, the crime rate and weather risks in your ZIP code, your claims history, and even your credit score can all play a role in determining how high or low your quoted homeowners insurance costs are. Every insurance company calculates rates a different way, so reviewing a variety of quotes before making a purchase lets you be sure you are getting your policy at the best price. Independent insurance agents make comparison shopping easy.
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Home insurance is designed to cover you against many of the risks you face as a property owner in Kentucky. An independent agent can help you review your dwelling and contents coverage limits to ensure that they are high enough to enable you to rebuild, repair, or replace your property following a disaster. A typical homeowners insurance policy in Kentucky will provide you with the following:
While homeowners insurance is designed to cover you against most of the risks you face as a property owner in this state, it is not all-encompassing. The following are not covered by homeowners insurance:
Let a local independent insurance agent help you find the coverage you need at a price you can afford.
There are currently 331 independent insurance agencies in Kentucky that are ready to help. Independent agents work with a variety of insurance companies so they can provide you with a selection of customized home insurance quotes that you can review and compare together. Let a local independent agent help you find the best home insurance policy to meet your coverage and budgetary needs.