Grand Island Homeowners Insurance

Your Complete Guide to Grand Island, NE Homeowners Insurance

Grand Island is the county seat of Nebraska’s Hall County. For years, this lively city has hosted the Nebraska State Fair. More than 51,000 residents proudly call Grand Island home. If you are among them and you own your house, you can protect the investment you have made in it by purchasing a suitable homeowners insurance policy. When you are looking for the best insurance coverage for your home, an independent insurance agent can help. Find an agent in or near Grand Island to learn more.

Cost of Homeowners Insurance in Nebraska

  • National yearly premium average: $1,173
  • Nebraska yearly premium average: $1,369
  • 11th most expensive premium in the US

The averages listed above can give you a general idea of what your home insurance coverage may cost you. However, depending on factors such as the age, size, and value of your home, the crime rate in your ZIP code, the amount of your deductible, and other considerations, your quoted rate may be significantly higher or lower than the state average. To find out how much coverage will cost, you can review quotes from different insurance companies. Each insurer has its own method for calculating rates, so comparing quotes enables you to choose the policy that provides the best value for your money. 

Burglary Rate in Grand Island, Nebraska

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Nebraska: 3.38
  • Number of burglaries per 1,000 homes in Grand Island: 7.90

The burglary rate in Nebraska is lower than the national average, but in Grand Island, it is quite high. Each year, about 400 burglaries are reported in this city. Fortunately, home insurance can compensate you for loss or damage if you are the victim of a property crime. You can take precautions to lower your risk of burglary. These include keeping entryways unobstructed and well-lit, putting lights on timers when you are away, and keeping doors and windows securely locked. Insurance companies often offer discounts for having deadbolt locks, burglar alarms, and other crime deterrents.

Catastrophic Events in Nebraska

  • Number of declared disasters in Nebraska: 60
  • Average number of tornadoes per year in Nebraska: 54.6
  • Average amount of property damage per year in NE: $698,557,000
  • 1 in 15 insured homes has a claim each year.

Catastrophic events, such as tornadoes, can cause excessive damage to the structure of Grand Island homes as well as to the belongings kept inside them. Residents of this city have a 126% higher chance of experiencing tornado damage than the national average. Your home insurance policy is divided into structural coverage and contents coverage. Each is designed to provide coverage against many of the hazards you are likely to face as a homeowner in Grand Island.  Your local independent agent can help you review your coverage limits so you can be sure that they are high enough.

Flood damage is also a risk in Grand Island. Unfortunately, home insurance policies exclude floods from their coverage. An independent insurance agent can help you assess your risk and, if necessary, supplement your homeowners insurance with a flood insurance policy through the National Flood Insurance Program (NFIP).

Liability Coverage for Grand Island Homeowners

Your home insurance can do more than just cover the structure of your house and the contents within it. It can also provide you with liability coverage. Homeowners liability insurance can cover court costs, legal fees, and damages for many of the expensive lawsuits you may face as a homeowner in Grand Island. Examples include if a neighbor is bitten by your pet, if a visitor is severely injured on your property, and even cases of libel. Learn more by talking with your independent agent.

Second Home and Vacation Home Insurance

Some residents of Grand Island own more than one house. The extra property may be used as a vacation home or as a rental property. If the house you are insuring is not your primary residence, there are several other factors that need to be considered. Houses that are vacant for long periods of time have a higher risk of damage. Also, if you rent the house to tenants, you have greater liability risks and will need to purchase landlord insurance. A local independent insurance agent can explain the coverage needs associated with your additional property. These agents can then help you find the best and most affordable policy to meet those needs.

Why Work with an Independent Insurance Agent?

A local independent insurance agent can be a wonderful resource. These agents do more than just help you find great coverage and an affordable price. They can also help you find the discounts you may be entitled to, answer your insurance-related questions, and assist you when you file a claim.

Find an independent agent in or near Grand Island to start comparing home insurance quotes.

Sources © 2020, Consumer Agent Portal, LLC. All rights reserved.

http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov/quickfacts/
http://www.city-data.com
http://www.neighborhoodscout.com

© 2020, Consumer Agent Portal, LLC. All rights reserved.

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