Florence Homeowners Insurance

What Your Florence, KY Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

With great access to the Cincinnati and Northern Kentucky airport, there is a lot going on in Florence, KY. Think of it as the gateway to horse country, right on the big bend of the Ohio River and its gorgeous valley. If you live here, you know how great it is to be so close to the rest of the world and yet a world apart in the beauty of rural Kentucky.

If you own a home here in Florence, home insurance is a must. Your Independent Insurance Agent is a great place to get started because our agents live here, too. They will tell you which are the best companies that cover the area, and they will shop around for many quotes so you can compare and find the most affordable rate for your Florence homestead. With relatively few storms and no other significant natural disasters, Kentucky has one of the lowest rates for home insurance in the nation:

  • The national average in recent years was $1,034 for home insurance.
  • In Kentucky, home insurance was only $913.
  • The state ranks 27th overall for homeowners insurance cost.

The cost of insuring your home is based on a number of characteristics, starting with its size. It simply costs more to replace a larger home in case of fire or other damage. The condition of your home is the next most important factor, followed by its building material: wood or brick. Every home is different in Florence when it comes to the best policy.

Florence Second Home and Vacation Home Insurance

There aren’t many vacation homes in Florence, but there are some nearby held by people who enjoy the beauty of Kentucky as a getaway. If you do have a second home here, it’s usually best to insure it just as you would your primary residence. You may elect to not insure the contents, however, but that means that you would be carrying the risk yourself. 

Second homes are often more expensive to insure because no one is there to watch over the building. If you work with your insurance carrier to show that there is someone on-site, you may be able to obtain a lower rate. It can be difficult to obtain the right insurance for a home that is being renovated, so it's important to shop around for a carrier that offers the best home insurance for your situation.

Number of Thefts in Kentucky

Burglaries are less common in Kentucky than in other states, which is one factor that helps keep the cost of home insurance low.

  • Recently, the average among states was 37,814 burglaries.
  • Kentucky had 26,213 home thefts reported.

Your homeowners insurance pays for any damage on your property caused by a break-in no matter what. Insurance for the contents of your home is only covered if you select it based on the policy that you have. It may be a good idea for you based on your situation.

Number of Catastrophes in Kentucky

With relatively mild weather, Kentucky has a low rate for major catastrophes compared with the rest of the nation. Very few were reported in recent years:

  • There were 743 incidents of widespread loss by catastrophe.
  • Only 17 tornadoes were reported.
  • Despite this low rate, disasters caused $12.3 million in damage.
  • 1 in 15 insured homes has a claim every year.

While this is not a serious concern in Kentucky, especially in the northern Kentucky region around Florence, it’s important to have the right insurance should a thunderstorm or tornado strike. The incredible damage a tornado might cause is shown by the high cost associated with relatively few recorded events.

What Are the Risks in Florence?

There aren’t a lot of risks in Florence keeping you from the good life. There may be particular issues with your home’s particular situation, however, so it’s important to have an insurance carrier that you can work with. Simple things like a security system or a high fence can make all the difference when it comes to protecting your home and making sure that you aren’t picking up any liability for visitors on your property, invited or not.

Compare Florence Home Insurance Quotes

Your agent is the best option for homeowners insurance in Florence and Northern Kentucky. Our agents aren’t tied to one company, so they can shop around and find the quote that is best for you and your home. They also live here and know which companies you can work with depending on your unique situation. 

Call one today to find out what your options are, and get the insurance you need at the lowest cost possible.

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