London Homeowners Insurance

What Your London, KY Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

On the edge of the Daniel Boone National Forest, London is a quiet place that has all the best Kentucky has to offer. It is a vacation paradise for many people who enjoy hiking and the simple charms of country life. With mild weather and only a moderate risk of tornadoes, London, KY is simply a great place to own a home. Owning a piece of the good life with a home in London goes along with insuring a home. While the choices you have to make aren’t too daunting, finding the right insurance for your lifestyle, home and budget can be trickier than you think.

That’s where an Independent Insurance Agent comes in. Your agent will help you understand your insurance needs and then find multiple quotes from different companies to be sure you have the lowest costing London home insurance that is within your budget. With relatively mild weather and a moderate risk of tornadoes, London has very reasonable home insurance rates. Some statistics from recent years show just how affordable it is:

  • The national average was $1,034 for home insurance.
  • In Kentucky, the average was only $913.
  • For homeowners insurance, the Bluegrass State ranks 27th.

Insuring your home is based on a lot of factors beyond simply location, however. A larger house is more expensive simply because it costs more to replace it in the event of a catastrophe. A newer home in good condition is also cheaper because of modern electrical and plumbing codes. It’s always worth your time to shop around for the best insurance for your home and your wallet.

London Second Home and Vacation Home Insurance

Drawn by the beautiful countryside, a number of homeowners have vacation homes in and around London. If you are insuring a second home, it’s usually best to insure it with the same level of coverage as your primary residence. The risks are largely the same and it’s important to be protected. Second homes often have higher rates of theft because no one is there to check up on the home every day. For this reason, many homeowners choose not to insure the contents on a second home, taking on the risk themselves. You can reduce this risk by having a security system or by living in a building that has security built into it, lowering the cost of your homeowners insurance substantially.

Number of Thefts in Kentucky

Burglaries are relatively rare in Kentucky, which helps keep the cost of home insurance low. In recent years, the figures were as follows:

  • Nationally, the average state had 37,814 break-ins.
  • In Kentucky, there were 26,213.

Homeowners insurance always covers any damage to your house from a burglary. You can also cover the contents of your home, however, and you can choose a policy that includes the replacement cost of all items so that you can recover more quickly from theft. The choice is entirely yours based on your lifestyle.

Number of Catastrophes in Kentucky

The weather is mild in Kentucky. There is some risk of severe storms that produce tornadoes but no other risks like earthquakes to worry about:

  • There were 743 official catastrophes, or incidents, of widespread loss.
  • There were only 17 tornadoes reported.
  • Even with this low rate, catastrophes caused $12.3 million in damage.
  • 1 in 15 insured homes has a claim every year.

Storms are not common, but they do happen. The amount of damage from the storms you do see shows how expensive they can be. It’s important not to just have the cheapest insurance you can find but instead to get your coverage from a company that is locally based and pays out quickly when you need it the most.

What Are the Risks in London?

Your homeowners insurance protects you against a wide variety of risks and liabilities that you may not even be aware of. For example, a trampoline is more than just a backyard accessory – it can be an “attractive nuisance,” which can cause an injury. Even those whom you didn’t invite to your home can sue you if they are injured in your yard. Flood insurance is also handled separately from other homeowners insurance because of a complicated web of government requirements and subsidies. If you live near a bubbling creek or other low ground, you have to get flood insurance separately.

Compare London Home Insurance Quotes

Reach out to your Independent Insurance Agent today to learn more about the homeowners insurance that best fits your lifestyle and budget. Your agent will help you do what you can to lower your cost and help you find the best insurance coverage by scouring many different companies for the most affordable homeowners policy that meets your needs.

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