Your Guide to Hickory, NC Homeowners Insurance | Trusted Choice

Hickory Homeowners Insurance

Your Complete Guide to Hickory, NC Homeowners Insurance

Find the right homeowners insurance policy for you.

Ann Herro | March 1, 2020
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More than 40,000 people live in the historic city of Hickory, North Carolina. This city, which is known for its furniture and fiber optic cable manufacturing, features a mild climate, affordable housing, and recreational activities along beautiful Lake Hickory. If you own a house in this lively city, you will want to be sure it is covered by a reliable homeowners insurance policy. When you are shopping for insurance for your Hickory home, an independent insurance agent can help you find the best and most affordable coverage. 

Contact an insurance agent with an office near you to start comparing customized quotes. In North Carolina, the average cost of homeowners insurance is lower than the national rate. And in Hickory, where severe weather events are not very common and there is an abundance of affordable housing, rates tend to be on the lower side. This is good news if you are in the market for an affordable policy.

  • National yearly premium average: $1,173
  • North Carolina yearly premium average: $982
  • Hickory-Statesville yearly premium average: $747

Insurance companies calculate rates according to several factors such as the age, size and value of your home, the crime rate and weather risks in your ZIP code, and your claims history and credit score. In many cases, if you bundle your home insurance with other coverage like car insurance or life insurance, you can get all of your policies at reduced rates. An independent agent in Hickory can help you find comprehensive home insurance at the most competitive price.

Homeowners Insurance Covers against Property Damage in Hickory

Your homeowners insurance is designed to cover you against many of the hazards you are likely to face as a property owner in Hickory.

  • Number of declared disasters in North Carolina: 58
  • Most common reasons for disasters in the state:  Hurricanes 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.

In Hickory, homeowners are most at risk for damage caused by heavy winds, hailstorms, accidental fires, and occasional freezing temperatures that can damage water pipes in the home. Your home insurance property coverage is divided into two parts: dwelling coverage and contents coverage. Dwelling covers the structure of your house, and contents covers your personal belongings. You will want to be sure that you have enough coverage in each category to enable you to rebuild, repair, and replace following a catastrophic event.

Some Hickory residents—particularly those close to Lake Hickory and Falling Creek—are also at risk for damage caused by floods, especially in the wake of a hurricane. However, home insurance policies exclude flood damage from their coverage. Fortunately, your insurance agent can also help you get flood insurance coverage through the National Flood Insurance Program (NFIP).

Hickory Homeowners Need Liability Protection

In addition to property coverage, home insurance also provides policyholders with liability coverage. This is important because a liability lawsuit has the potential to bankrupt you and cause you to lose your home. Homeowners liability insurance absorbs the costs associated with most of the personal liability lawsuits you are likely to face as a property owner in Hickory. Examples of times your homeowners liability insurance may be of use include:

  • If your dog gets loose and bites a passerby
  • If a guest in your home is severely injured in an accident and sues for medical costs
  • If your child damages a neighbor’s window while playing outdoors with friends
  • If you are accused of libel or slander because of something you posted on social media

Some homeowners in Hickory want even higher liability limits than their homeowners insurance can provide. If you are among them, your local insurance agent can also help you find an affordable umbrella insurance policy, which can significantly increase all of your liability coverage.

Does Homeowners Insurance Cover Burglary in Hickory, NC?

The burglary rate in North Carolina is higher than the national average, and in the Hickory-Statesville area, the rate is even higher. There are about 350 burglaries reported in this city every year. Fortunately, your home insurance can reimburse you for losses caused by property crimes.

  • 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 Hickory-Statesville: 8.83

If you discover that your house has been broken into, you should first ensure that you and your family are safe, and then notify the authorities. You will need a copy of the police report and a detailed list of your lost or damaged property when you file a claim with your Hickory homeowners insurance company. There are a few preventive measures you can take to lower your risk of a robbery. You should keep a radio and lights on when you are not home, use motion-sensitive outdoor lights, and ensure that the doors and windows of your home have secure locks.

Home security systems are among the most effective theft deterrents. That is why insurance companies frequently offer discounts to policyholders who have installed burglar alarms in their houses. Talk to your local independent insurance agent to learn more about this and other potential discounts for which you may qualify.

Second Home and Vacation Home Insurance

Perhaps you own a second home that you rent out to students at Lenoir-Rhyne University. Or maybe you own a vacation home along the Carolina coast. When you are insuring a property that is not your primary residence, insurance companies will take additional risk factors into consideration. Specialized insurance may be necessary. 

  • Second homes that are occupied by tenants have higher liability risks but lower contents coverage needs. These properties need to be covered by landlord insurance.
  • Vacation homes that are left unoccupied for long periods have a higher risk of property damage. These houses may need to be covered by vacant home insurance when they are not in use.

A local independent agent can identify the various coverage needs associated with all of your residential properties and can help you find the best and most affordable policies to insure them.

Why Work with an Independent Insurance Agent in Hickory, NC?

When you are looking for the best insurance for your Hickory home, local independent insurance agents can help.  These agents make comparison shopping easy by doing the legwork for you. Find an agent near you to get answers to your insurance-related questions, trustworthy advice, and help with all of your insurance coverage needs.

Contact an insurance agent in Hickory 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
http://www.city-data.com

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

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