Central City Homeowners Insurance

Your Complete Guide to Central City, KY Homeowners Insurance

(Because your house is your castle.)

The coal-mining town of Central City, KY is home to about 6,000 people. This small city has a lot to offer its residents, including a convention center, an outdoor pool and spray park, museums, trails, and a low crime rate. All of this makes Central City a great place to buy a house and set down roots.

If you own a house in this progressive city, you can protect your investment with a solid homeowners insurance policy. Independent insurance agents can help you find the best and most affordable coverage. Contact an insurance agent near you to learn more.

Why Is Liability Insurance Important for Central City Homeowners?

Liability lawsuits can be extremely expensive, and anyone can find themselves being sued at some point. That's why homeowners insurance also provides you with personal liability insurance as a standard part of every policy.

Homeowners liability insurance is designed to cover court costs, legal fees, and financial damages if you are sued for a covered event. Some examples of times your homeowners liability coverage may be of use include:

  • If a visitor to your home is badly injured in an accident that can be attributed to negligence on your part
  • If someone in your household, including your children or pets, causes injuries or property damage to someone else
  • If you are accused of libel or slander

Some residents of Central City want to have more liability coverage than their home insurance policy can provide. If you're among them, you can supplement your policy with umbrella insurance. This is a highly affordable way to boost all of your liability coverage.

A local independent insurance agent can help you acquire all the liability coverage you want at a competitive price.

What Kinds of Damage Are Covered by Central City Home Insurance?

Home insurance policies are designed to cover your property against most of the hazards you are likely to face as a property owner in Central City. 

These include risks ranging from fires to severe weather events. Dwelling insurance covers the structure of your house, while contents insurance covers the personal belongings inside it.

Catastrophic Events in Kentucky

  • Number of federally declared disasters in Kentucky: 87
  • Most common reasons for disasters in the state:  severe storms, hurricanes, floods
  • Average number of tornadoes per year in Kentucky:  24.2
  • Average amount of property damage per year in KY:  $549.2 million
  • 1 in 15 insured homes has a claim each year.

Central City residents are most at risk for damage caused by severe storms, hail, and high winds. Also, the risk of tornado activity in this city is 54% greater than the national average risk. Fortunately, all of these hazards are covered by most homeowners insurance policies.

It is also good to know that if a covered event leaves your home uninhabitable until repairs are made, your insurance can also cover the costs associated with temporary living arrangements, including hotel costs, added mileage, and an allowance for meals.

What about Flood Damage and Mine Subsidence in Central City, KY?

Be aware that homeowners insurance does not cover damage caused by floods or mine subsidence.


Floods pose a very real risk in Central City, particularly for residents with homes near waterways like the Green River and Little Cypress Creek. Of course, when heavy prolonged rains fall during hurricane season, floods can happen just about anywhere in this city.

In order to fully protect your property, your local insurance agent can help you supplement your home insurance with a flood insurance policy through the National Flood Insurance Program (NFIP). These policies take 30 days to go into effect, so don’t wait until rains are imminent to buy a policy.

Mine Subsidence

Many homes in Central City are built above old abandoned coal mines. These mines can sometimes collapse and cause shifts in the earth. This can lead to damage to structures like houses. Damage due to subsidence is also not covered by homeowners insurance.

Mine subsidence insurance is an affordable way to get coverage against this risk. A local independent agent can help you review mine maps and determine whether mine subsidence insurance is appropriate for your property.


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Does Central City Homeowners Insurance Cover against Burglaries?

The burglary rate in Central City is very low. That’s great news for area homeowners who are looking for affordable home insurance coverage. Residents of this city only report about four burglaries a year.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Kentucky: 4.70
  • Number of burglaries per 1,000 homes in Central City: 0.85

In the unlikely event that your house is burglarized or targeted by vandals, you may gain some peace of mind from knowing that your homeowners insurance can reimburse you for your losses as well as for any damage the criminals may have caused.

If you own any particularly valuable possessions, you may need to purchase special endorsements or riders in order for them to be fully covered under your contents coverage. A local independent insurance agent can help you be certain that all of your property is fully insured.

What about Central City Residents with Second Homes and Vacation Homes?

Maybe you own a second house nearby that you rent to young families. Or perhaps you have a vacation home you visit often in the summer. 

Whatever your reasons, if you own more than one house, you'll need to be sure that all of your properties are covered by appropriate homeowners insurance policies.

When you own a house that's not used as your primary residence, there are additional risk factors that insurance companies will take into consideration when calculating your rates. In some cases, you may be required to purchase specialized home insurance coverage. 

  • Vacation properties that are empty for several months out of the year typically have an increased risk of property damage. Your insurer may require you to have vacant home insurance during the times your vacation house is unoccupied.
  • Second homes that are occupied by tenants have higher liability risks and a greater chance of sustaining serious property damage. Insurance companies typically require these homes to be covered by landlord insurance.

A local independent insurance agent can help you be sure that all of your residential properties are properly covered by competitively priced policies.

How Much Does Homeowners Insurance Cost in Central City, KY?

The average cost of home insurance in this state is lower than the national average, and in Central City, rates tend to be even lower. This is great news for area residents who are looking for affordable coverage for their homes.

  • National average yearly premium: $1,173
  • Kentucky average yearly premium: $1,062
  • Central City average yearly premium: $744

Of course, your actual homeowners insurance quotes are likely to be different from this average rate. This is because costs are calculated individually according to several different factors. These can include:

  • The age, size, and value of your home
  • The number of stories your house has
  • Your claims history and credit score
  • The crime rate and weather risks in your ZIP code
  • Whether you are bundling your coverage with other policies like car insurance, business insurance, or life insurance

Every homeowners insurance company has its own way of assessing risk and assigning rates, so comparing a variety of quotes allows you to choose the policy that offers the coverage you need at the lowest price. Independent insurance agents in Central City make comparison shopping easy.

Why Work with an Independent Insurance Agent in Central City, KY?

The easiest way to get the best and most affordable insurance for your Central City home is by working with a local independent agent. These agents work for you, not for a particular insurance company, so they are able to shop around in order to find you reliable coverage at a competitive price.

Find an independent insurance agent with an office in Central City to schedule a one-on-one consultation. You can start comparing customized homeowners insurance quotes in no time.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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