More than 13,000 people call Lebanon, NH, home. This city, which is located in the heart of the New Hampshire Valley, offers residents beautiful landscapes, a strong sense of community, and all the joys of small-town living with all the benefits of a larger city. If you own a house in this vibrant New England city, you can protect your investment with a solid homeowners insurance policy.
Independent insurance agents can help you find the best and most affordable insurance coverage for your Lebanon home. Find an insurance agent near you to start comparing customized quotes from a variety of this area’s most highly rated insurers.
How Much Does Homeowners Insurance Cost in Lebanon, NH?
The average cost of homeowners insurance in New Hampshire is lower than the national average. This is great news for Lebanon homeowners who are looking for an affordable policy.
- National average yearly home insurance premium: $1,211
- New Hampshire average yearly home insurance premium: $972
Of course, your actual rate can vary significantly from the average listed above. Homeowners insurance costs are calculated on a case-by-case basis according to several factors such as:
- The size, age, and value of your home
- The type of house you are insuring (e.g., condominium, townhouse, tiny home, manufactured home, vacation home, rental property, etc.)
- The number of stories in your home and whether it has a basement
- The crime rate and weather risks where your house is located
- Your claims history and credit score
Comparing a few customized quotes enables you to choose the homeowners policy that offers you all the coverage you want at the lowest available price. Independent insurance agents in Lebanon make comparison-shopping easy.
What Hazards Does Lebanon Homeowners Insurance Cover Against?
Insurance companies paid out more than $152 million in home insurance claims in Massachusetts in 2019. Homeowners in Lebanon are most at risk for property loss or damaged caused by the following:
- Property crimes, including burglary, vandalism, and arson.
- Accidental fires and explosions.
- Hurricanes, tropical storms, and tropical cyclones.
- Electrical storms, hailstorms, and windstorms.
- Heavy snows, ice accumulation, and prolonged freezing temperatures.
Fortunately, all of these risks are covered by most homeowners insurance policies.
You will want to be sure that both your dwelling and your contents coverage limits are high enough to enable you to fully repair, rebuild, or replace your house and property in the event of a disaster. A local independent agent can help you review your property coverage to ensure that it is sufficient.
What about Coverage against Floods in Lebanon?
Floods pose a very real risk in the Lebanon area, particularly for residents near the Connecticut and Mascoma rivers. Unfortunately, as many property owners do not find out until it is too late, flood damage is not covered by homeowners insurance.
You don’t have to be in a designated flood zone to be at risk. According to FEMA, as many as 20% of flood claims filed are for properties located in low-risk areas, and as little as one inch of rainwater in your home can cause as much as $25,000 worth of damages.
Fortunately, local independent insurance agents can help you supplement your home insurance policy with flood insurance. You can get up to $250,000 in structural coverage and $100,000 in contents coverage with an affordable policy through the NFIP (National Flood Insurance Program).
Flood insurance takes 30 days to go into effect, so do not wait until heavy rains are imminent to purchase a policy. Talk to a local independent agent to discuss your flood risk and to learn more about your flood insurance options.
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What Is Loss of Use Insurance?
All homeowners insurance policies include what is known as loss of use insurance. This can protect you if a major disaster like a structure fire or a tree falling onto your house renders your home uninhabitable.
Loss of use insurance is designed to cover expenses such as hotel costs, meals, and added mileage if you must seek alternative housing while repairs are made to your home following a covered event. Learn more by talking to a local independent agent.
Why Do Lebanon Homeowners Need Liability Insurance?
Liability lawsuits can happen to anyone, and they can get very expensive. Fortunately, all home insurance policies provide policyholders with a significant amount of personal liability coverage.
Homeowners liability insurance is designed to cover court costs, legal defense fees, settlements, judgments, and other damages if you or someone in your household is responsible for accidental injuries or property damage to others.
Some examples of situations in which your homeowners liability coverage can protect you include:
- A visitor to your home is seriously injured on your property.
- Your child breaks your neighbor’s picture window while playing baseball with friends in your backyard.
- Your dog gets off his leash and bites someone. (This is the most common reason for homeowners liability insurance claims.)
- You are accused of libel or slander.
If you want higher liability limits than your home insurance provider can offer, your agent can also help you obtain a competitively priced umbrella insurance policy. Umbrella insurance is an affordable way to boost all your liability coverage.
Does Lebanon Homeowners Insurance Cover against Burglaries?
The burglary rate in New Hampshire, and specifically in Lebanon, is lower than the national average. Residents of Lebanon report about 20 burglaries a year.
- Number of burglaries per 1,000 homes in the US: 3.76
- Number of burglaries per 1,000 homes in New Hampshire: 1.36
- Number of burglaries per 1,000 homes in Lebanon: 1.54
While your risk of being targeted by burglars may be low, it should give you comfort to know that if you happen to become the victim of a property crime, your homeowners insurance can reimburse you for the loss of your belongings as well as for any resultant property damage.
Why Work with an Independent Insurance Agent in Lebanon, NH?
The easiest way to find the best and most affordable home insurance policy is by working with a local independent agent. These agents work for you, not for a specific insurance company, so you can be sure that you are getting trustworthy guidance and advice.
Contact an independent insurance agent near you to start comparing a selection of customized homeowners insurance quotes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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