Find The Best Mount Olivet Homeowners Insurance | Trusted Choice

Mount Olivet Homeowners Insurance

What Your Mount Olivet, KY Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

Ann Herro | March 14, 2020

Life in the outer Bluegrass region of Kentucky is good. The rolling hills define the countryside around Mount Olivet, KY, and the careful layers on the streets of the town itself. With relatively mild weather and a long way to the nearest city, this is country living at its best. A home here is a treasure, and it needs to be insured to protect it like one. The choices you have for Mount Olivet home insurance are not too daunting, but you need the right insurance for your active lifestyle. 

Your Independent Insurance Agent can help you navigate your options and find the insurance that fits your home and your budget. The agent will get you many quotes from different agencies so that you can compare them to find the one that covers you the best without hurting your wallet. Kentucky has generally mild weather except for tornadoes in the far west. Around Mount Olivet, home insurance is going to be even more affordable.

  • The national average in recent years was $1,034 for home insurance.
  • Home insurance averaged only $913 in Kentucky.
  • This puts the state 27th overall for homeowners insurance cost.

The cost of insuring your home is based on a number of factors, the most important being its size. As you might guess, it is more expensive to replace a larger home in case of storms or other damage. Historic or architecturally significant homes, like some of those around Mount Olivet, are also a bit more expensive to replace, driving insurance costs up. You want to check on the cost for any particular property and shop around.

Mount Olivet Second Home and Vacation Home Insurance

Vacation homes can be found around Mount Olivet by those who want an escape from the city. If you do have a second home here, you will find it is best to insure it just as you would your primary home. You may decide to not insure the contents on a second home, but that means that you carry the risk from damage or theft yourself. Second homes can be more expensive to insure because of the potential for theft or vandalism. With no one there to watch it all the time, there is more risk of something happening. You can keep this to a minimum by having a tenant to look after things or owning a unit in a multifamily dwelling as well as having your own security system.

Number of Thefts in Kentucky

Thefts from homes are rarer in Kentucky than in other states. In recent years, the statistics were as follows:

  • The average among states was 37,814 break-ins.
  • The Bluegrass State had 26,213 home thefts reported.

You can opt for many levels of coverage on the contents of your home, the most affordable based on current value. There is also coverage at full replacement value if you want, which guarantees that in the case of theft, you can have everything replaced as if nothing ever happened in the first place. Your homeowners insurance pays for any damage on your property caused by a break-in, no matter what.

Number of Catastrophes in Kentucky

Kentucky has a low rate of major catastrophes in the nation due to a low rate of severe storms. There were not many reported in recent years:

  • In Kentucky, there were 743 incidents of loss by catastrophe.
  • Only 17 tornadoes were reported.
  • Disasters still caused $12.3 billion in damage even with few storms.
  • 1 in 15 insured homes has a claim every year.

The low rate of widespread damage from catastrophes is the main reason Kentuckians enjoy low homeowner insurance rates. The rate of severe storms is even lower in the east, around bluegrass country. It’s still vital to be covered, however, because when a storm does hit, the damage can be severe. You want to get things repaired quickly so that you can go back to enjoying your life in Mount Olivet.

What Are the Risks in Mount Olivet?

Homeowners insurance covers much more than storm damage and theft. A swimming pool, for example, may be considered an “attractive nuisance” that can injure someone — whether you invited the person onto your property or not. A trampoline falls into the same category. You can take steps to minimize this risk with a fence, and some insurance companies will lower the cost of your premium for that effort.

This is why the best insurance for you is not always the cheapest. Whether cleaning up from a storm or giving you credit for the improvements you make to lower your risk, every insurance company is as different as your home is. It’s important to know your insurance and to be sure that you have what you need.

Compare Mount Olivet Home Insurance Quotes

For all your homeowners insurance needs, there is no one more important than your Independent Agent. Because agents live here in Mount Olivet, they know which insurance companies will work with you and which are the most dependable after a storm or other disaster. They will also give you multiple quotes so that you can compare your options. 

Talk to your agent today to find the best homeowners insurance for yourself.

Now, who's ready to get their insurance problems solved?