Norfolk Homeowners Insurance

Your Complete Guide to Norfolk, NE Homeowners Insurance

The small city of Norfolk is home to about 25,000 people. With its affordable housing, low crime rate, and small-town feel, this city is a great place to put down roots and raise a family. If you own a house in this Nebraska city, you will want to be sure that your investment is covered by a reliable home insurance policy. When you are shopping for the best coverage for your home, a local independent insurance agent can help. Find an agent near you 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 costs listed above are merely averages. Actual rates are calculated on an individual basis. Insurance companies base their costs on a variety of factors such as: 

  • The age, size, value, and other details about your home
  • The crime rate in the ZIP code in which your house is located
  • Your home’s proximity to a fire station and/or fire hydrant
  • Whether you are bundling your coverage with other policies like car insurance or business insurance

Each insurance company has a different way of calculating rates, so it is a good idea to compare quotes from a few companies before making a purchase. That way, you can be sure that you are not overpaying for your coverage. Independent insurance agents make comparison shopping easy.

Catastrophic Events in Nebraska

Homeowners in Norfolk may experience excessive damage to their home in the event of a residential fire. Equally damaging are the effects of extreme weather.

  • 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.

Your home insurance policy is designed to provide coverage against many of the hazards you are likely to face as a homeowner in Norfolk.  A local independent agent can help you review your property coverage limits so you can be sure that they are high enough to enable you to rebuild and replace following a catastrophic event. Some residents of Norfolk may experience flooding. Unfortunately, flood damage is typically excluded from home insurance coverage. Talk to your independent agent to learn how water backup and sewer coverage and flood insurance can offer you the full protection you deserve. 

Burglary Rate in Nebraska

The burglary rate in Nebraska is lower than the national average, and in Norfolk, it is even lower. This city sees around 100 burglaries a year. 

  • 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 Norfolk: 1.95

In the event that your Norfolk home is burglarized, it may comfort you to know that your homeowners insurance company can provide compensation for your losses. Many insurance companies offer lower policy rates if you have a burglar alarm installed. Your independent agent can help you find these and other potential discounts.

Liability Coverage for Homeowners in Norfolk, NE

In addition to covering your property, your homeowners insurance policy provides you with liability insurance. This is very important because, without it, a liability lawsuit could potentially lead to the loss of your home. This liability insurance is designed to cover court costs, legal fees, and damages if you are sued following a covered event. Examples of times that homeowners liability insurance can come to your rescue include if someone is seriously injured due to an accident on your property if injuries to others are caused by your pets or children, and for charges of libel or slander. Talk to your independent agent to learn more about the many ways that the liability coverage included in your home policy can protect you.

Second Home and Vacation Home Insurance

If you own more than one house, there are additional factors to consider when insuring your additional property. Your independent agent can help you find the right coverage to ensure that your extra houses are sufficiently covered. Vacation homes that are left unoccupied for long periods frequently have higher risks of property damage, such as from a slow leak, pest infestation, or property crimes. Homes that are occupied by tenants have high liability risks and need to be covered by landlord insurance. Regardless of your situation, an independent agent can find the right insurance product for you.

Why Work with an Independent Insurance Agent?

Independent insurance agents live near you so they understand the risks you face as a homeowner in Norfolk. These agents make it easy to find the best home coverage available because they can work with a number of different insurance companies. That way, you can compare a variety of quotes and policies before making a selection. 

Find an agent in or near Norfolk to get started.

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

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

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