Florence Homeowners Insurance

Your Complete Guide to Florence, AL Homeowners Insurance

(Find the right homeowners insurance policy for you.)

Florence, AL is home to more than 39,000 people. Residents here enjoy a moderate climate with occasional severe weather. If you own a house in this Alabama city, you will want to be sure to protect your investment with a reliable home insurance policy. A local independent insurance agent can help you shop for a Florence homeowners insurance policy. Independent agents aren’t tied to one carrier. They can obtain competitive quotes, answer your questions, and make sure you get the coverage that best fits your needs and budget. 

Cost of Homeowners Insurance in Florence, AL

Alabama is the 12th most expensive state for home insurance in the US. The average cost of homeowners coverage in Florence is higher than the national average. But Florence residents can still comparison shop for the best local rates. 

  • National average yearly premium: $1,217
  • Alabama average yearly premium: $1,433
  • Florence average yearly premium: $1,328

Of course, your homeowners insurance premiums will be more or less than the average for your city. That’s because rates are determined according to your exact coverage needs and the unique characteristics of your home. Insurance companies evaluate a variety of factors to determine how to price your coverage, including:

  • The age, size, value, and building materials of your home
  • Whether the property is your primary residence or a second home
  • The type of home you are insuring (e.g., detached single-family house, townhouse or condo, mobile home, etc.)
  • The crime rate and weather hazards in your city or ZIP code
  • Your claims history and credit score
  • The amount of coverage and deductible that you choose

Many policyholders qualify for discounts if they bundle multiple insurance policies with the same insurance company. Consider bundling your car insurance or life insurance with your home insurance in order to get the best rates.

Burglary Rate in Florence, AL

Florence has a property crime rate that is higher than the national average: 

  • Number of burglaries per 1,000 homes in the US: 3.76
  • Number of burglaries per 1,000 homes in Alabama: 5.9
  • Number of burglaries per 1,000 homes in Florence: 7.30

A reliable homeowners insurance policy can help you get back on your feet quickly if you experience a burglary or break-in of your home. It helps you pay for damage to your home, as well as repairing or replacing stolen or damaged possessions. It’s important to take precautions to protect your home from intruders. 

Always keep your home well-lit inside and out, and lock your doors even when you are at home. Consider installing a home security system, too. Not only are burglar alarms the best deterrents for thieves, but having one may also earn you a discount on your Florence homeowners policy. 

Catastrophic Events in Alabama

Florence is nearly 300 miles from the Alabama coast, but the city has been impacted by powerful storms and hurricanes. The remnants of Hurricane Katrina caused 70 mph winds and storm damage in the city of Florence and neighboring communities. 

  • Number of tornadoes in Alabama 2019: 95
  • Number of wildfires: 1,107
  • Alabama homeowner losses in 2019:  $911,000,000

More typically, Florence residents can have their homes damaged by wind, rain, and hail. While these events may not destroy your home, they can cause extensive—and expensive—damage. That’s why you need a reliable home insurance policy that will help you repair or replace damaged property and get back on your feet quickly.

Liability Insurance for Florence Homeowners

Homeowners insurance provides policyholders with liability insurance. It is designed to cover you for claims of negligence and lawsuits that you may face as a property owner. If someone is injured on your property or in your home, or a member of your family injures a third party, you can expect to at least be required to reimburse the injured party for their related expenses. It’s also not unlikely that you could be sued for these kinds of incidents. If you are sued, the costs of defending yourself and compensating the injured party can be insurmountable. 

Your liability insurance pays for the injured party’s medical expenses, as well as court costs, attorney fees, and any settlements or judgments levied against you. Without it, you may have nowhere to turn to protect your assets. If you have liability risks beyond what your home insurance policy can cover, talk to an independent agent about how an umbrella policy can supplement your other coverage, and offer extensive protection of your assets if you are sued. 

Second Home and Vacation Home Insurance

Many Florence residents own a vacation home, cottage, or rental property. Any type of second home needs insurance coverage, and homes that do not serve as a primary residence actually involve some additional risks. You may even find that your second home insurance is more costly than the coverage for your primary residence. 

Vacation homes are often left unoccupied and unattended for several months of the year. These homes are more susceptible to thefts, vandalism, break-ins and property damage than homes that are occupied all year. Vacant home insurance can help give you peace of mind in these situations. 

If you have a rental property, your risk for liability claims and lawsuits is higher. Landlord insurance is typically necessary if you own a second home that is occupied by tenants. An independent insurance agent in or near Florence can help you find the best policies to cover all of your properties. 

Why Work with an Independent Insurance Agent?

Independent insurance agents make it fast and easy to find the best policy to cover your Florence home. Because they aren’t tied to a single insurance company, they can help you comparison shop for the best coverage and most affordable rates for your needs. 

Find an agent in or near Florence to start comparing customized home insurance quotes from an assortment of highly rated insurers.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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