Anderson Homeowners Insurance

Your Complete Guide to Anderson, IN Homeowners Insurance

Beautiful home exterior on bright sunny day with green grass and blue sky

Anderson, Indiana is a city with over 56,000 residents. It is home to Anderson University. Homeowners in Anderson are not immune to circumstances that can cause costly property damage. Anything from a burglary to a fire, freezing temperatures, and other kinds of severe weather can damage your Anderson home at any time. That’s why Anderson homeowners need affordable home insurance that covers their risks. Having reliable, responsive homeowners insurance means having peace of mind in the face of unpleasant events. Local independent insurance agents can help you find the best and most affordable insurance coverage for your home. A local agent can help you start comparing quotes today. 

How Much Does Homeowners Insurance Cost in Anderson, IN?

Indiana is the 31st most expensive state for homeowners insurance. The average cost of homeowners coverage in Anderson is lower than both the state and national averages. 

  • National average yearly premium: $1,173
  • Indiana average yearly premium: $983
  • Anderson average yearly premium: $711

Your homeowners insurance rates may be higher or lower than average, depending on your home’s unique characteristics (size, location, age, value, etc.) and other risk factors (crime rate, severe weather risk) in your neighborhood. If your property’s location comes with more hazards than most, expect to pay more. You will also pay more if your home will cost more to repair or rebuild than others. 

Comparing quotes from multiple insurance companies and making sure you are maximizing your discounts is the best way to make sure you’re getting the best rate on your home insurance. Most insurance companies offer a discount to customers who purchase more than one policy at the same time, such as homeowners insurance and car insurance. A local independent insurance agent can guide you through the process to ensure you are getting the coverage you need and can help you uncover all of the discounts that you are eligible for. 

Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover you against a variety of hazards you face as a homeowner. Dwelling coverage pays for repairing or replacing the physical structure of your home. Contents coverage pays for replacing or repairing lost or damaged possessions. Severe weather, tornadoes, and flooding can cause significant damage to Indiana homes. And without home insurance, how would you pay to repair or rebuild your home after a disaster?

  • Number of declared disasters in Indiana: 41
  • Most common reasons for disasters in the state: Severe Storms and Floods
  • Average number of tornadoes per year in Indiana: 24.6
  • Average amount of property damage per year in Indiana: $1,003,810,000
  • 1 in 15 insured homes has a claim each year

An independent insurance agent can help you review your structure and contents coverage limits so you can be sure that they are high enough to enable you to rebuild, repair, or replace if necessary.

The Importance of Liability Insurance for Anderson Homeowners

Your home insurance policy covers your home’s structure and your belongings. It also includes liability coverage, which is designed to help you pay for a variety of expenses if you are sued for negligence. If someone is injured on your property, your homeowners liability coverage will pay for their medical expenses related to the accident. If that person sues you for additional damages, your liability coverage pays for attorney fees, court costs, and any settlements or judgments that you are required to pay to the injured party. Consider these examples of when your homeowners liability coverage is invaluable:

  • A guest in your home trips on loose carpeting and breaks her ankle.
  • Your child hits a baseball through a neighbor’s window.
  • Your dog bites a passerby.
  • You are accused of libel or slander because of something you posted on social media. 

You can learn more about liability insurance from a local independent insurance agent. You might find that you need more coverage than your home insurance policy allows. In this case, you can purchase a personal umbrella policy, which offers liability coverage beyond what is provided in your home or auto insurance policy. 

Does Anderson Homeowners Insurance Offer Coverage for Burglaries? 

The home burglary rate in Anderson is higher than both the state and national averages. Some homeowners who live in neighborhoods where property crimes are more prevalent may pay more for 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 Indiana: 5.14
  • Number of burglaries per 1,000 homes in Anderson: 9.01

Your Anderson homeowners policy is designed to reimburse you for loss or damage following a home burglary, break-in, or vandalism. But remember, you have to pay your deductible first, and your insurance company will handle the rest. Don’t wait until it’s too late. Take precautions to protect your home from burglaries, and remember that having a home security system is one of the best ways to keep the burglars out. What’s more, homes with burglar alarms often qualify for extra discounts on home insurance.  

Insurance Coverage for Second Homes and Vacation Homes 

If you own any kind of second home, vacation home, or rental property, you need to ensure that you have appropriate coverage for how each property is used. 

  • Hunting cabins and lake homes may only be occupied seasonally or on weekends. These properties are often targets for thieves, and property damage that occurs while you are gone can go unnoticed for long periods and get worse. Vacant home insurance may be needed in these situations.
  • If you own a rental property or a vacation home that you rent to tenants, landlord insurance can help you cover the specific risks you face as a landlord. 

An independent insurance agent can help you review the unique coverage needs for all of your residential properties. You can review competitive quotes to make sure you’re getting the best price. 

Why Work with an Independent Insurance Agent in Anderson?

Independent insurance agents in your city can help you find a reliable and affordable home insurance policy. Independent agents aren’t tied to one company, so you can be sure you are getting honest, unbiased advice. 

Contact an agent in Anderson to start comparing customized 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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