St. Cloud Homeowners Insurance

Your Complete Guide to St. Cloud, MN Homeowners Insurance

Find the right homeowners insurance policy for you.

St. Cloud is home to nearly 68,000 people. Residents are attracted to this city because of its affordable housing, many parks, and proximity to the Mississippi River. If you are among the homeowners in this cultural Minnesota city, you will want to be sure to protect your investment with a reliable home insurance policy. 

When you are shopping for insurance for your house in St. Cloud,  an independent insurance agent can help you find the best and most affordable coverage. Find an agent near you to learn more about your homeowners insurance options.

How Much Does Homeowners Insurance Cost in St. Cloud?

Minnesota is the 13th most expensive state for home insurance. In St. Cloud, however, rates are lower than the national average. With some savvy shopping, you can find a reliable policy at a very affordable rate.

  • National yearly premium average: $1,173
  • Minnesota yearly premium average: $1,323
  • St. Cloud yearly premium average: $938

Home insurance rates are calculated individually and may be based on several factors such as:

  • The age, size and value of your home
  • The number of people who occupy your home
  • The crime rate and weather hazards common in your ZIP code 
  • Your claims history and credit score

If you bundle your homeowners insurance with another policy like car insurance or life insurance, you may be able to get all of your policies at lower rates. An independent agent in St. Cloud can help you find the best policy to meet your coverage and budgetary needs.

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Burglary Rate in St. Cloud, MN

The burglary rate in Minnesota is lower than the national average, but in St. Cloud, where residents report approximately 350 burglaries every year, the rate is higher. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Minnesota: 3.37
  • Number of burglaries per 1,000 homes in St. Cloud: 4.89

You may want to consider installing a home security system. Not only do they make excellent theft deterrents, they can also earn you a discount on your home insurance coverage. Of course, nothing is foolproof, so if your home is broken into, you may take some comfort in knowing that your homeowners insurance policy can compensate you for your losses.

Catastrophic Events in Minnesota

The property coverage portion of your home insurance is divided into two parts: building, to cover the structure of your home; and contents, to cover your personal property. You will want to be sure to have enough coverage in each category so that you can afford to rebuild and replace if your house is badly damaged by a catastrophic event like a structure fire or tornado.

  • Number of declared disasters in Minnesota: 60
  • Average number of tornadoes per year in Minnesota: 41.9
  • Average amount of property damage per year in MN: $897,178,000
  • 1 in 15 insured homes has a claim each year.

Homeowners insurance is designed to cover you against many of the hazards you are likely to face as a property owner in St. Cloud. These risks include severe weather, property crimes, freezing pipes, and accidental fires.

However, your home policy will not cover you against floods, and many homes in this city are at risk for flash flood damage. Fortunately, your independent agent can help you secure a flood insurance policy through the NFIP so that you have coverage against this threat as well.

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Liability Coverage for Saint Cloud Homeowners

In addition to coverage for your property, all homeowners insurance policies include liability insurance. This can cover damages as well as any associated court costs and legal defense fees if you are sued for a covered event.

Some examples of times your homeowners liability insurance can protect you include:

  • If a visitor to your home is seriously injured due to negligence of upkeep
  • If your dog bites someone who is biking past your house
  • If your child hits a baseball that crashes through your neighbor’s window
  • If a tree on your property falls onto your neighbor’s car

Because of the increased liability risks, some home insurance companies charge more if your property includes a swimming pool or if you own a dangerous breed of dog

If you want more liability coverage than your home insurance can provide, your independent agent can help you find an affordable umbrella insurance policy. Umbrella insurance can boost your liability coverage to much higher levels so you can further protect your assets.

Second Home and Vacation Home Insurance

Some residents of St. Cloud own more than one house. Properties that are not used as primary residences have additional risk factors that insurance companies take into consideration. Often, this results in increased rates for coverage.

If you have a second home that is occupied by tenants, such as students at St. Cloud State University, you will have higher liability risks. You will therefore need to cover your property with a landlord insurance policy. 

If you own a vacation home and it is left unoccupied and unattended for long periods you will have a higher risk of property damage. In that case, you may need to purchase vacant home insurance to properly cover your extra home.

Your local independent agent can help you identify the various coverage needs associated with all of your properties, and will help you find the best insurance policies for them.

Why Work with an Independent Insurance Agent?

Independent agents can assist you with all of your insurance coverage needs. These agents can answer your insurance-related questions and help you shop for the best and most affordable policies.

Find an agent in or near St. Cloud to learn more. You will soon discover how easy it can be to compare quotes for customized, competitively priced homeowners insurance.

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