Complete Home Insurance Guide for Joliet, IL | Trusted Choice

Joliet Homeowners Insurance

Your Complete Guide to Homeowners Insurance in Joliet, IL

Find the right homeowners insurance policy for you.

Steve Dahl | March 18, 2020
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Joliet is the fourth-largest city in Illinois, with a population of around 150,000 residents. It is part of the Chicago metropolitan area. Joliet homeowners want to protect their investment when something bad happens, like a fire, a tornado, or a break-in. Homeowners insurance helps you pay for damage and repairs when disaster strikes, giving you the peace of mind you need. A local independent insurance agent can help you compare quotes and find the best coverage and price for your needs. 

How Much Does Homeowners Insurance Cost in Joliet, IL?

Illinois is the 29th most expensive state for home insurance in the US. Joliet homeowners may find their homeowners insurance rates to be similar to the state average, depending on a number of variables. 

  • National average yearly premium: $1,173
  • Illinois average yearly premium: $1,033
  • Joliet average yearly premium: $1,094

Your Joliet home insurance rates will be more or less than the average for your city. Each insurance company uses a different formula to compute the premiums that it charges. Most insurance companies base their calculations on your individual home, the risk factors for your neighborhood, and your specific coverage needs. If you live in a ZIP code that has a high crime rate or is highly susceptible to natural disasters, you can expect to pay more than someone living in a safer area. Some of the individual risk factors that insurance companies look at include:

  • The size, age, and value of your house 
  • Whether the property is your primary residence or a second home
  • The number of stories in your house and whether it has a basement
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • The amount of coverage you need and your deductible

Shopping around for the best rates is easy with the help of an independent insurance agent. Independent agents aren’t tied down to one carrier, so they can obtain multiple quotes and help you make an informed choice. 

Homeowners Insurance Covers Your Property

Homeowners insurance is designed to protect you when fires, severe weather, or other disasters strike. Dwelling coverage pays for repairing the physical structure of your home, while contents coverage pays for repairing or replacing lost or damaged personal property after a covered event. 

  • Number of declared disasters in Illinois: 60
  • Most common reasons for disasters in the state: Severe Storms and Floods
  • Average number of tornadoes per year in Illinois: 54
  • Average amount of property damage per year in Illinois: $1,958,191,000
  • 1 in 15 insured US homes has a claim each year

Joliet residents experience warm summers and long, snowy winters. Severe storms, tornadoes, and floods create a risk for property owners in the spring and summer months. And in winter, cold temperatures and heavy snowfalls can easily lead to serious property damage, as well. With reliable homeowners insurance, you can be sure you have financial backup when your home is damaged by lightning, hail, wind, heavy snow, freezing pipes, or any number of other weather-related hazards you may face in your Joliet home.

 The Importance of Liability Insurance for Joliet Homeowners

Liability insurance is one of the most important parts of any homeowners insurance policy. It is designed to protect you when someone claims you have caused an injury or property damage. In these cases, it’s not unlikely that you could be sued for negligence. Without insurance protection, a lawsuit could be financially devastating. 

But the liability insurance portion of your homeowners policy takes the worry away. It covers court costs, legal fees, and even settlements or judgments levied against you if you are sued. Talk to your independent insurance agent to learn how an umbrella policy can offer even more liability coverage than your home insurance policy will allow. A personal umbrella policy supplements the liability coverage in both your home and auto insurance policies. 

Does Joliet Homeowners Insurance Offer Coverage for Burglaries?

The home burglary rate in Joliet is lower than the national average. This is good news for local residents who may save a little on their homeowners insurance as a result. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Illinois: 3.75
  • Number of burglaries per 1,000 homes in Joliet: 3.49

Even if you live in a relatively safe city, it’s important to protect your home from burglaries, break-ins, and vandalism. Be sure to install security lights and cameras, use deadbolt locks, and leave your house lights on when you’re away from home. A home security system is one of the best ways to prevent break-ins. It can keep burglars away, alert you when break-ins are attempted, and may even help you get a discount on your home insurance.  If you are the victim of a break-in or burglary, your homeowners insurance can help you make repairs and replace your stolen or damaged belongings. And your independent insurance agent will be there to relieve some of the burden by helping you through the claims process. 

Insurance Coverage for Second Homes and Vacation Homes 

If you own a second home, you might need insurance coverage that is different from a standard home insurance policy. It’s important to talk to your insurance agent about how to sufficiently insure all of your residential properties. If you own a rental property, you probably need landlord insurance to protect you from the additional liability risks associated with renting your property to tenants. 

If your second home or vacation home is vacant for long periods, it is more susceptible to fires, water damage, and ice damage. What’s more, thieves and vandals often target homes that are empty for long periods. In these cases, vacant home insurance may be necessary to protect your investment. An independent insurance agent can help you find the right home insurance policy for all of your residential properties. 

Why Work with an Independent Insurance Agent in Joliet?

The easiest way to find a reliable and affordable homeowners insurance policy is by contacting a local independent insurance agent. These agents work for you, not for a particular insurance company, so you can be sure that you are receiving trustworthy guidance and the coverage you need. 

Contact a local agent to start comparing customized, competitively priced home insurance quotes. 

Sources © 2020, Consumer Agent Portal, LLC. All rights reserved.

http://www.naic.org/prod_serv/AUT-PB-14.pdf

https://www.census.gov

http://www.city-data.com

© 2020, Consumer Agent Portal, LLC. All rights reserved.

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