Lexington Homeowners Insurance

Your Guide to Homeowners Insurance in Lexington, KY

Find the right homeowners insurance policy for you.

Whether it’s the scenery, the shops, or the restaurants, there’s just something about the horse capital of the world that steals peoples’ hearts and encourages them to plant roots in this Southern town. Luckily, the city is more settled than when Daniel Boone first explored the territory, so if you’re in the market for a home, there are plenty of options. Just make sure you have Lexington, KY homeowners insurance before signing on the line. Even if you’ve lived in Lexington all your life, homeowners insurance is an issue that can’t be ignored.

Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

Cost of Homeowners Insurance in Kentucky

  • National yearly premium average: $1,034
  • Kentucky yearly premium average: $916
  • 27th most expensive premium in the US

Number of Catastrophes in Kentucky:

  • National number of catastrophes: 19,033
  • Number of catastrophes in Kentucky: 743
  • National number of tornadoes: 1,233
  • Number of tornadoes in Kentucky: 17
  • National property damage from weather: $5,511,270,000
  • Property damage from weather in Kentucky: $12,300,000

Number of Thefts in Kentucky:

  • National average for burglaries: 37,814
  • Kentucky number of burglaries: 26,313

Six Parts of Lexington Homeowners Insurance

Homeowner policies are meant to cover six different areas and each one must be examined closely. You never what kind of accident can happen so being prepared on all levels is important.

  • Residence protection: Also known as coverage A, this is the portion of the policy that provides coverage for the main part of your house. Most causes of damage are covered but every policy comes with exclusions. Ask what they are and how to protect yourself against them. For example, flooding is one of the most common natural disasters and isn’t included in a standard policy but you can purchase a separate policy to protect in case the Kentucky River floods. Insure your home at replacement value instead of actual cash value.
  • Detached structures protection: Also referred to as Coverage B, this part typically offers automatic coverage for things like garages, sheds, and studios for 10% of your home coverage limit. If that’s not enough to cover these items, up your coverage limit.
  • Personal property protection: Coverage C doesn’t just provide benefits in case your belongings are stolen. If your living room catches fire, you’ll need new couches. Insure belongings at replacement costs as well.
  • Additional living expenses: If your house is destroyed by a tornado and you must live in a hotel for a month, certain living expenses are going to increase. Coverage D assists with the expenses that go above and beyond your normal spending habits.
  • Liability protection: One of the most valuable aspects of Lexington homeowners insurance, coverage E protects you in case you cause an accident resulting in property damage or bodily injury. Setting the right limits is essential and depends on your personal circumstances. Umbrella insurance is extra liability protection starting at $1 million and is well worth the extra cost for some.
  • Medical payments protection: If someone is hurt on your property, even if you didn’t cause the accident, Coverage E can pay the medical bills. The normal coverage limit is $1,000 but can be increased for an extra charge.

Our independent insurance agents who specialize in Lexington homeowners insurance can work through each part of a policy to determine what your needs are. Independent agents can then compare Lexington homeowners insurance quotes to find affordable rates that provide the right amount of protection. 

To get personalized, reliable service, contact an independent agent in our network.

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