Paducah Homeowners Insurance

What Your Paducah Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

The county seat of Kentucky’s McCracken County, Paducah is a small city of about 25,000 residents. It is a city steeped in history, music, arts, and culture, and it is home to several intuitions of higher learning including West Kentucky Community and Technical College, Murray State University-Paducah, the Challenger Learning Center at Paducah and the Paducah campus of the Kentucky College of Engineering. There are a number of reasons why you may want to set roots in this small city, and if you own a house here, you will want to be sure to protect your investment with a suitable Paducah home insurance policy.

Independent insurance agents in our network can help you find the best policy at a competitive price. These agents are free to work with a number of reputable insurance providers, and they can gather a selection of Paducah homeowners insurance quotes for policies that have been customized to meet your specific coverage needs. Find an agent in or near Paducah, KY to learn more.

Cost of Homeowners Insurance in Kentucky

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

Kentucky residents pay lower-than-average rates for their home insurance coverage, which is good news for those looking to purchase a Paducah homeowners insurance policy. Of course, the figures above can only give you a general idea of what your rates might be. Your actual home insurance quotes are based on a number of different factors including but not limited to such things as the following:

  • The value of your home and the amount of coverage you wish to buy
  • The age of your home and building materials used in its construction
  • The ZIP code where your house is located
  • The type of residence you are insuring: primary residence, vacation home or second home
  • The amount of your deductible
  • Your claims history and, sometimes, your credit score

Our agents can help you obtain and compare Paducah homeowners insurance quotes from a variety of reputable insurance companies. That way, you can be certain that the policy you choose is one that is offered at a competitive price.

Second Home and Vacation Home Insurance

Some residents of Paducah own more than one home. If you are among them, your extra properties also need to be covered by homeowners insurance. Houses that are not primary residences usually have different coverage considerations, particularly since there are definite risks involved with leaving a property unattended for long periods. If your extra properties are used as investment vehicles, such as for temporary housing for college students, you may need to carry landlord insurance in order to ensure that any claims you file are honored by your insurance company. An agent can review your particular circumstances with you and can help you find appropriate coverage.

Number of Thefts in Kentucky

  • National number of burglaries: 37,814
  • Kentucky number of burglaries: 26,213

The burglary rate in Kentucky is lower than the national average; and this holds true in Paducah as well. In recent years, residents of this city reported a total of 132 burglaries, which equates to about 5.27 burglaries for every 1,000 households. This is lower than the national average of 6.11 burglaries per 1,000 homes.

You can take preventive steps to protect your belongings such as keeping your doors and windows locked, stopping mail service when you are away for a few days, and installing motion sensor lighting around the perimeter of your home. Adding a burglar alarm system can be very effective and can even earn you a discount on your homeowners insurance. Unfortunately, some burglaries are simply unavoidable. If you are victim of a property crime, you may take some comfort in knowing that your Paducah home insurance policy compensates you for your losses.

Number of Catastrophes in Kentucky

  • Number of catastrophes in Kentucky: 743
  • Number of tornadoes in Kentucky: 17
  • Amount of property damage in Kentucky: $12,300,000
  • 1 in 15 insured homes has a claim each year

Your Paducah homeowners insurance policy provides you with coverage against many of the hazards you are likely to face. These typically include loss or damage caused by property crimes, fires and weather events like thunderstorms and tornadoes. It is important that you have sufficient contents coverage so that in the event of a total loss, you are able to start anew without facing a large financial loss.

What Are the Risks in Paducah, KY?

Properties in Paducah are most at risk for damage caused by storms, tornadoes and floods. Violent storms can produce heavy winds and heavy rains and leave fallen trees. Sometimes, they are even accompanied by tornadoes, which can be especially damaging to area homes. In Paducah, the risk of tornado activity is 71 percent greater than the national average. 

One of the worst tornadoes to strike in this area was an F4 twister that touched down 22.8 miles from the Paducah city center. It injured 33, killed two and caused approximately $16 million in property damage. Most home insurance policies protect against storms and tornadoes, but some have exceptions or require special endorsements, so be sure to review each potential policy with your agent before making a selection.

Floods are another problem in this area. Following the great flood of 1937, the U.S. Army Corps of Engineers built a flood wall to protect this city from this threat. However, flooding still occurs from time to time. For example, recently, heavy rains caused flash flooding, and in some parts of the city, the water was as much as 3 feet deep. Several residents experienced damage to their homes. Unfortunately, flood damage is not covered by home insurance. To get this protection, you can get help from your agent in supplementing your Paducah home insurance policy with flood insurance through the National Flood Insurance Program (NFIP).

Compare Paducah Home Insurance Quotes

When it comes to purchasing a home insurance policy for your house in Paducah, you have several insurance providers from which you can choose. Comparison shopping enables you to find a great policy at a competitive rate, but many homeowners find it to be too time-consuming and inconvenient to do on their own.

That is why so many Kentucky residents find it beneficial to work with an independent insurance agent in our network. These agents can gather customized quotes from a variety of insurance providers for you to review and compare. That way, it is easy for you find an affordable policy that is suitable to meet your coverage needs. 

Find an agent with an office near you to learn more about Paducah homeowners insurance.

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