Homeowners Insurance in Rogers, AR
Experts break down home insurance costs, coverage, companies, and more for property owners in Rogers, AR.
The rapidly growing city of Rogers, Arkansas is home to nearly 70,000 people. Whether you have recently settled here or are a lifelong resident of this Ozark city, if you own a house in Rogers, you can benefit from having a good homeowners insurance policy.
If you are looking for suitable coverage for your Rogers home, a local independent agent can help. These agents work with several of the area’s top insurance companies to find you the best and most affordable policy. Contact an independent insurance agent near you to learn more.
What Is Homeowners Insurance and Is It Required in Rogers, AR?
Homeowners insurance is a policy that is designed to protect the investment you have made in your house and personal property.
If you are still paying for your home or have taken out a home equity loan or line of credit, your lender is likely to require you to carry this coverage. Otherwise, homeowners insurance is optional but highly recommended.
How Much Does Homeowners Insurance Cost in Rogers, AR?
The average homeowners insurance rate in Arkansas is higher than the national average, and in Rogers, rates tend to be even higher.
- National average annual premium: $1,211
- Arkansas average annual premium: $1,373
- Rogers average annual premium: $1,473
Your actual home insurance costs will be calculated based on several factors such as:
- The type of home you are insuring (e.g., single-family detached house, multi-family home, condo, townhouse, investment rental property, etc.)
- The year your house was built, its size in square feet, and the materials used in its construction
- The crime rate and weather risks where your house is located
- Your claims history and credit score
- The size of your deductible
Every insurance company has its own method for calculating rates. Reviewing various customized homeowners insurance quotes lets you choose the policy that offers the coverage you want at the most affordable price. Comparison shopping has the potential to save you hundreds of dollars a year.
If you bundle your homeowners insurance with another policy like car insurance or motorcycle insurance, you may be able to earn valuable home insurance discounts on all of your bundled policies. Learn more about this and other potential discounts by talking to an independent insurance agent.
Where Can I Find Cheap Homeowners Insurance in Rogers, AR?
Nobody wants to spend more than they have to for any type of insurance policy, but that does not necessarily mean that the cheapest policy is the most cost-effective one. If you skimp on your coverage to save a few dollars a month today, you may find yourself spending a lot more in the long run.
This is because a high-deductible, limited-coverage policy can leave you on the hook for thousands of dollars in the aftermath of a tragedy, which is far more money than you would need to spend if you instead had a solid and comprehensive policy.
Independent agents help you find the policy that offers the best value for your hard-earned money. They do this by helping you compare policies and rates from a variety of reputable insurance companies. That way, you can choose the policy that offers all the coverage you want at the most affordable price.
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What Does Homeowners Insurance Cover in Rogers, AR?
Your homeowners insurance policy is designed to protect you against significant financial losses in three specific ways:
- By covering the investment you have made in your property
- By reimbursing you for related costs if you are displaced from your home
- By shielding you from losses related to liability lawsuits
Covering the investment you have made in your property
Homeowners insurance is designed to cover you against most of the risks you are likely to face as a property owner in northwestern Arkansas. It can help cover damage to the structure of your home (dwelling coverage) as well as to your personal property (contents coverage). Covered hazards include:
- Property crimes like burglary and vandalism
- Fires, including accidental fires, wildfires, and explosions
- Falling objects like hailstones and uprooted trees
- Severe weather like thunderstorms, windstorms, tornadoes, and winter storms
You will want to make sure that your coverage limits are high enough to enable you to fully rebuild your house and replace all of your personal property if a catastrophic event like a fire destroys your home.
Reimbursing you for related costs if you are displaced from your home
Rogers has a very high risk of tornado activity. Catastrophes like fires and tornadoes can do more than destroy your property. They can also leave your house inhabitable until repairs are made. If this happens, loss of use insurance, which is included in every homeowners insurance policy, can help.
Suppose you are forced to seek alternate accommodations due to damage caused by a covered event. In that case, your loss of use insurance can cover many of the associated extra living expenses like:
- Hotel, temporary rental, or other reasonable accommodation costs
- Meals, if your accommodations do not include a kitchen
- Moving and temporary storage fees
- Mileage reimbursement if you have to drive further to get to work
- Pet boarding, if needed
Your loss of use coverage can continue until your house is safe to move back into or you have purchased or built a replacement home.
Shielding you from losses related to liability lawsuits
Anyone can find themselves on the wrong end of a liability lawsuit. All it takes is one mistake or error in judgment. Fortunately, in addition to covering your house and property, your homeowners insurance provides you with a significant amount of personal liability protection.
Homeowners liability insurance can cover expenses like court costs, legal fees, mediation costs, settlements, and judgments if you or someone in your household unintentionally cause someone else to suffer significant injuries, property damage, financial loss, or other harm.
Most home insurance policies provide liability protection between $250,000 and $500,000. If you want even more coverage than your home insurance offers, you can also purchase an umbrella insurance policy. This is an affordable way to significantly boost all of your personal liability coverage.
Do Residents of Rogers, AR Need Flood Insurance?
Homeowners insurance covers a lot of hazards, but it does not cover damage caused by floods. Given that FEMA estimates that just one inch of rainwater in your home can generate as much as $25,000 in property damage, this can leave some homeowners vulnerable.
The good news is that only about 4% of properties in the Rogers area have a significant risk of sustaining flood damage in the next 30 years. However, this still constitutes nearly 900 properties. If your home is one of them, you may want to give serious consideration to purchasing flood insurance.
A local independent agent can help you review flood maps to determine your property’s risk of flooding. If needed, your agent can help you secure affordable coverage through the National Flood Insurance Program (NFIP), which FEMA administers.
Is There a High Risk of Burglary in Rogers, AR?
The burglary rate in Arkansas is almost double the national rate. However, in Rogers, the risk is lower. Residents of this city report around 200 burglaries a year.
- Number of burglaries per 1,000 residents in the US: 3.76
- Number of burglaries per 1,000 residents in Arkansas: 6.37
- Number of burglaries per 1,000 residents in Rogers: 2.40
If you discover your home has been burglarized, the first thing you should do is make sure you and your family are safe and then call the authorities. It may comfort you to know that your home insurance can reimburse you for your lost property as well as for any damage the burglar caused to your house.
You will need to have a copy of the police report when you file your claim. If you purchased your coverage through an independent agent, your agent can assist you throughout the claims process.
What Are the Best Homeowners Insurance Companies in Rogers, Arkansas?
The best homeowners insurance companies are the ones that have consistently proven themselves in terms of reliability, responsive customer service, and competitive rates.
Independent agents in Rogers have teamed up with some of the best homeowners insurance companies in Arkansas, so they can help their clients find suitable, yet affordable, coverage.
Why Work with a Local Independent Insurance Agent?
Independent insurance agents make it easy to find the best and most affordable homeowners insurance policy. These agents help not only by answering your coverage-related questions, but also by doing the comparison shopping legwork for you. This can save you both time and money.
When you are ready to get help finding the best and most affordable homeowners insurance policy in Rogers, arrange an obligation-free consultation with an independent insurance agent near you.
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