Jeffersonville Homeowners Insurance

Your Complete Guide to Jeffersonville, KY Homeowners Insurance

(Protect your home like the castle that it is.)

Jeffersonville, KY is home to about 1,500 people. As part of the larger Mount Sterling micropolitan area, this city offers all the joys of small-town living with all the amenities of a larger city just a short drive away. If you own a house in Jeffersonville, you will want to have a reliable homeowners insurance policy.

When you are shopping for the best coverage for your Jeffersonville home, independent insurance agents can help. Find an insurance agent with an office near you to learn more about your various options when it comes to homeowners insurance.

How Much Does Homeowners Insurance Cost in Jeffersonville, KY?

On average, homeowners in Kentucky pay less for their home insurance coverage than property owners throughout much of the counrty. In Jeffersonville, rates tend to be even lower. This is great news for area homeowners who are looking for affordable coverage.  

Let’s look at a rate comparison:

  • National average yearly premium: $1,173
  • Kentucky average yearly premium: $1,062
  • Jeffersonville, KY average yearly premium: $866

Of course, because home insurance rates are calculated on a case-by-case basis, your actual cost may be higher or lower than the average Jeffersonville rate. Insurance companies base their prices on a number of factors such as:

  • The age, size, and value of your home
  • The number of stories your house has and whether it includes a basement
  • The type of house you are insuring (e.g., single-family detached home, condominium, mobile home, vacation home, etc.)
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • Whether you are bundling your coverage with other policies like car insurance or life insurance

Each insurance company has its own way of calculating rates, so it 's a good idea to compare quotes from a variety of providers before making a selection. That way, you can be sure that you aren't paying too much for your home insurance coverage.

Independent insurance agents in Jeffersonville make comparison shopping easy.

What Kinds of Damage Does Jeffersonville Homeowners Insurance Cover?

There are a number of ways that your Jeffersonville home may sustain damage.

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.

Hazards such as residential fires, hail, strong winds, and even freezing temperatures can all have an impact on homes in this area. The good news is that tornado activity in the Jeffersonville area is uncommon. In fact, it is 14% less than the national average.

A comprehensive homeowners insurance policy will provide coverage for damage caused by all of these hazards.

The dwelling portion of your property coverage pays for damage to the structure of your home, while the contents portion covers the personal property you keep inside. You will want to be sure that your coverage levels in each category are high enough to provide full coverage.

What about Coverage against Flood Damage in Jeffersonville?

Some residents of Jeffersonville are also prone to flood damage, particularly when severe storms cause heavy, prolonged rainfall in the area. Residents near waterways like the Licking River and Sycamore Creek are most at risk, but flash flooding can happen just about anywhere.

Unfortunately, flood damage is not covered by homeowners insurance. You may therefore want to consider supplementing your home coverage with a flood insurance policy through the National Flood Insurance Program (NFIP). Flood insurance takes 30 days to go into effect, so don't wait until heavy rains are coming to purchase a policy.

Talk to your local insurance agent to learn more about how flood insurance can provide you with the added protection you need for your Jeffersonville home.

Why Do Jeffersonville Homeowners Need Liability Protection?

People sometimes make mistakes or have accidents. These mishaps can occasionally lead to third-party injuries or damage. If you're to blame, you'll be expected to pay for the resultant costs, and depending on the severity of the damage, this can get expensive.

That's why your home policy also provides you with liability coverage. Homeowners liability insurance is designed to cover your court costs, legal defense fees, and financial damages if you are held liable for a covered event.

Examples of times that this insurance can provide coverage include:

  • If a visitor is seriously injured in an accident while on your property
  • If your pets or children cause injuries or property damage to others
  • If you are accused of libel or slander

Talk to a local independent insurance agent to learn more about the many ways that the liability coverage included in your Jeffersonville home insurance policy can protect you.

If you have a lot to lose and want to have even more liability insurance than your homeowners insurance will allow, your agent can also help you secure an affordable umbrella insurance policy.

What Is the Burglary Rate in Jeffersonville?

The burglary rate in Kentucky is similar to the national rate. The risk is slightly higher in Jeffersonville.

  • 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 Jeffersonville: 5.09

Being the victim of a property crime can be extremely stressful. However, you may find it comforting to know that your homeowners insurance can provide you with compensation for your losses as well as for any property damage the burglars may have done to your house.

Of the many precautionary measures you can take to protect your property, home security systems are among the most effective. That's why many insurance companies offer discounts to policyholders who have burglar alarms installed in their homes.

A local independent agent can help you find all of the potential discounts for which you may qualify.

What about Insurance for Second Homes and Vacation Homes?

Maybe you own a summer vacation house. Or perhaps you own a second home in Mount Sterling that you rent to young families. Whatever your reasons, if you own more than one home, there are additional factors that insurance companies will consider when calculating quotes for coverage.

Vacation Homes

Vacation homes are often left unoccupied for significant lengths of time. This leaves them vulnerable to a higher risk of property damage.

This is because hazards like water leaks, animal activity, and property crimes can go unnoticed long enough that they result in serious damage. You may therefore need to purchase vacant home insurance for the times that your vacation home is not in use.

Rental Properties

Homes that are occupied by tenants have higher property damage and liability risks than homes that are occupied by their owners. On the other hand, these properties typically have lower contents coverage needs, since your tenants will be responsible for covering their own property.

If you own any tenant-occupied homes, these properties will need to be covered by landlord insurance. This insurance, while a bit more expensive than traditional homeowners insurance, is designed to meet the specific needs of landlords.

An independent insurance agent can help you find the right coverage to make sure that all of your residential properties are suitably covered.

Why Work with an Independent Insurance Agent in Jeffersonville, KY?

Independent insurance agents make it easy to find the best home insurance coverage available because they are able to obtain a variety of customized quotes that you can review and compare together.

These agents live and work in your community, so they understand the risks you face as a homeowner in Jeffersonville. Get more information by finding an independent insurance agent in Jeffersonville and scheduling a one-on-one consultation.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com