Concord Homeowners Insurance

Complete Guide to Concord, NC, Homeowners Insurance

Find the right homeowners insurance policy.

Beautiful home exterior on bright sunny day with green grass and blue sky

The county seat of North Carolina’s Cabarrus County, Concord is the second-largest city in the Charlotte Metropolitan area. With a population of nearly 100,000 people, this rapidly growing city has a lot to offer its residents. If you bought a house in this vibrant city, you can protect the investment you have made it by purchasing a solid homeowners insurance policy.

Independent insurance agents in Concord can help you find reliable, comprehensive coverage at an affordable price. Contact an insurance agent near you to start comparing customized home insurance quotes.

How Much Does Homeowners Insurance Cost in Concord, NC?

In general, home insurance rates in North Carolina are lower than the national average. In Concord, average rates are even lower.

  • National yearly premium average: $1,173
  • North Carolina yearly premium average: $1,075
  • Concord yearly premium average: $692

Of course, these are just averages so your quoted costs may vary from amounts listed above. Homeowners insurance rates are calculated individually according to several factors such as:

  • The size, age, and value of your house
  • The age of your roof and the materials used in your home’s construction
  • The type of home you want to insure (e.g., single-family detached, condo, mobile home, vacation home, etc.)
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • The size of your deductible

If you bundle your home insurance with other policies such as car insurance or life insurance, you can often get all of your policies at discounted rates. An independent agent in Concord can help you get your coverage at a competitive price.

Concord Homeowners Insurance Covers against Many Catastrophic Events

Homeowners insurance is designed to cover the structure of your house (called dwelling coverage) as well as the personal property you keep inside it (called contents coverage).

You will want to be sure that your coverage limits in each category are high enough to allow you to rebuild, repair, or replace damaged items if your house is impacted by a catastrophic event like an electrical fire or high winds.

  • Number of federally declared disasters in North Carolina: 58
  • Most common reasons for disasters in the state:  Hurricanes, tropical storms and floods
  • Average number of tornadoes per Year in North Carolina:  29.1
  • Average amount of property damage per year in NC:  $1,379,438,000
  • 1 in 15 insured homes has a claim each year

Be aware that although most home insurance policies cover hurricane damage, they do not cover the flood damage that frequently accompanies these storms. Residents near Coddle Creek and Wolf Meadow Branch are most at risk, but flash flooding can happen anywhere when rains are heavy.

Be sure to discuss your flood risk with your local independent agent. These insurance agents can help you supplement your homeowners insurance with a flood insurance policy through the NFIP (National Flood Insurance Program).

Concord Homeowners Insurance Provides Liability Protection

Your homeowners insurance policy gives you more than just coverage for your personal property. It also provides you with liability protection. Homeowners liability insurance is designed to cover court costs, legal fees, damages, and other associated expenses if you are responsible for someone outside of your household sustaining injuries or damages.

Here are some examples of what your homeowners liability insurance may protect you against:

  • If a guest is seriously injured due to an accident that occurs on your property
  • If your dog gets loose and bites someone or damages a neighbor’s property
  • If your child accidentally damages your neighbor’s car while playing baseball in the yard
  • If you are sued for libel or slander because of something you posted online

Your homeowners liability insurance can even cover you for damages that occur when you are away from home. For example, you would be covered if you accidentally break someone’s ankle during a friendly game of flag football in Frank Liske Park.

If you want to have even more liability coverage than your home insurance company can provide, umbrella insurance can significantly boost your coverage limits for an affordable price. That way, you can have even better protection for your personal assets. Talk to your insurance agent to learn more about your liability coverage options.

Concord Homeowners Can Get Coverage against Burglary

The burglary rate in North Carolina is higher than the national average. But the good news is that in Concord, the rate is lower. That is not to say the risk does not exist. Residents of this city report about 300 burglaries every year.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in North Carolina: 7.10
  • Number of burglaries per 1,000 homes in Concord: 3.19

To protect your home against burglary, you may want to consider installing a home security system in your house. Burglar alarm systems are among the most effective theft deterrents. As an added bonus, many insurance companies offer discounts to homeowners who use them.

In the event that your house is broken into, your homeowners insurance can provide you with compensation for you for your losses once your deductible is met. Your local insurance agent can help you review your contents coverage to ensure that it is sufficient to fully cover your most valuable belongings.

What about Second Home and Vacation Home Insurance?

Maybe you own a vacation house in the mountains. Or perhaps you own a second home that you rent out to students at Barber-Scotia College. If you are among the Concord residents who own more than one house, your extra properties are likely to have additional risk factors that insurance companies will take into consideration.

For example, vacation homes that are frequently left unoccupied have higher property damage risks and may need to be covered by vacant home insurance when not in use. Also, homes that are occupied by tenants will have higher liability risks but lower contents coverage needs. These houses need the specialized coverage that only comes with a landlord insurance policy.

An independent insurance agent can help you review the coverage needs of all your residential properties and can help you find the best home insurance policies to cover each of them.

Why Contact an Independent Insurance Agent in Concord, NC?

Independent agents are available to help you with all of your insurance coverage needs.  You can turn to one of these experienced professionals when you are looking for answers to your insurance-related questions and when you would like help with finding the best and most affordable policies.

Find an insurance agent with an office in Concord to learn more. You will soon discover how easy it can be to find the right homeowners insurance policy to meet your coverage and budgetary needs.

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