Shelbyville Homeowners Insurance

What Your Shelbyville, KY Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

As the "American Saddlebred Capital of the World," Shelbyville, KY is classic Kentucky all the way. Once the home to Col. Harlan Sanders, it’s still home to many who enjoy the good life at the gateway to bluegrass country. Owning a home here is a ticket to a relaxed and time-honored way of life that many others envy. But you still need to have insurance to protect your investment.

For the residents of Shelbyville, home insurance is very affordable, but you still have to shop around if you want the best price. That’s why an Independent Insurance Agent is essential. Since our agents aren’t tied to one company, they will obtain multiple quotes from different agencies so you can compare to find the lowest cost for your home and your lifestyle. With their expertise, you will always be covered with the right insurance.

It isn’t just Shelbyville – home insurance is affordable across Kentucky. On average, homeowners spend $1,034 per year across the United States for insurance, but it only costs $913 here. The state ranks 27th overall, though with a higher risk of tornadoes, it can be a bit more expensive in Shelbyville. Your own home insurance is based on your situation, and many things other than location go into determining your rate, such as the following:

  • Home's age - An older home will need more upkeep.
  • Type of construction - Wooden homes need more maintenance than a brick home.
  • Claims history - More claims will make your insurance more expensive.
  • Risk factors on the property - Swimming pools and trampolines are the leading risk factors.
  • Credit score - a low credit score indicates you are a high risk.

No matter what your home’s situation, some carriers will be cheaper than others based on the factors they consider to be the most important.

Shelbyville Second Home and Vacation Home Insurance

Drawn by the allure of horse country, many people have second homes and vacation homes in and around Shelbyville. If you own a second home here, you may want to insure it for less than your primary home in order to save money, possibly by not insuring the contents fully. If you opt for doing this, you are taking on the risk yourself in the case of any loss from a disaster or theft. As long as you know the liability, it may be best for you.

Because no one is there to watch it all the time, your second home may be more expensive. If you have a security system, some companies give you a discount on second home insurance. Having someone live in or near your property as a caretaker can also reduce your risk and your insurance cost.

Number of Thefts in Kentucky

One of the reasons home insurance in Kentucky is relatively inexpensive is that there are fewer burglaries than in the average state, as shown in the statistics from recent years:

  • The average state had 37,814 burglaries.
  • Reported thefts were 26,213 in The Bluegrass State.

There are ways you can save on homeowners insurance if you need to. One way is to cover the cost of the contents of your home at current value, which depreciates with time, as opposed to the full replacement cost. If you are willing to pay for full replacement coverage, you aren’t taking on the risk yourself and may be able to have your life back together much quicker, so it may be worth it to you. Your homeowners insurance always pays for damage to the property from a break-in.

Number of Catastrophes in Kentucky

There are very few catastrophes in Kentucky, due largely to relatively mild weather and the lack of any other kind of natural disaster. There are more tornadoes in this area and to the west, however, than in the rest of the state.

  • Recently, 743 catastrophes were reported in Kentucky.
  • The same year, 17 tornadoes were sighted in the state.
  • Catastrophes caused $12.3 million in damage.
  • 1 in 15 insured homes has a claim every year.

Catastrophes such as storms often happen around Shelbyville, and they do cause a tremendous amount of damage. The right carrier can help you get back on your feet quickly. The best insurance for you is about more than simply an affordable price, it’s also about good coverage and quick settlement so that you can recover from a catastrophe.

What Are the Risks in Shelbyville?

Like any other city, Shelbyville and surrounding Shelby County have unique considerations for homeowners insurance, and they vary from one home to the next. For example, a trampoline or tree fort may be an “attractive nuisance” that has to be protected in case someone is injured and files a suit. Some areas of the city have higher crime than others, and it may be important to have protection against theft. If your home is in an area that is prone to flooding, you also have to have separate flood insurance, which is handled separately from regular homeowners insurance.

Compare Shelbyville Home Insurance Quotes

The most important thing to do is to review your needs with an Independent Insurance Agent. Our agents take the time to get to know your property and your lifestyle in order to find the best homeowners insurance for your budget. Because they live here in Shelbyville, they know the conditions and reliable insurance carriers, so they can help you find the policy that is right for you.

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