Lakewood, OH Homeowners Insurance

(Where can I find a policy that works for me?)

Written by Rene Todd Fields
Written by Rene Todd Fields

Environmental and natural resource advocate and business owner, Rene Todd Fields, has more than 10 years of experience working within both private and public sectors and enjoys helping individuals understand their options and make solid coverage decisions.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Lakewood Ohio homeowners insurance

Lakewood is a city on the southern coast of Lake Erie. In Lakewood, the summers are temperate and partly cloudy, and the winters are cold, windy, and mostly cloudy.

Whether you are a long-time resident of Lakewood, or you recently relocated here for a new assignment, if you have just bought a new home, you will need a reliable homeowners insurance policy.

Independent insurance agents can help you to find the most reasonably priced insurance coverage for your Lakewood, OH, home. Find an independent insurance agent near you to learn more, and you can soon start reviewing custom-made homeowners insurance quotes from an assortment of highly regarded insurance representatives.

How Much Does Homeowners Insurance Cost in Lakewood, OH?

The average price of homeowners insurance in Ohio is much lower than the national average, which is why it is important to shop around and compare rates.

  • National average yearly premium: $1,211
  • Ohio average yearly premium: $864
  • Home insurance paid out equals $1,105,456,000

Averages can only give you a rough idea of the costs for annual homeowners insurance that you will be expected to pay. Homeowners insurance rates can vary from one homeowner to another. This happens since rates are determined according to several of the following factors:  

  • The crime rate and weather risks in your area
  • The age, cost, and size of your home
  • Your credit score and claims history
  • The type of home you are insuring
  • The number of stories in your home
  • If you are bundling your coverage with another policy such as car insurance or life insurance

Evaluating car insurance rates lets you select the homeowners policy that offers the best homeowners insurance coverage to meet your needs, at the most economical price. Independent insurance agents in Lakewood, OH, make comparison shopping effortless.

Does Lakewood, OH, Homeowners Insurance Cover against Catastrophic Events?

Your homeowners insurance policy is fashioned to protect you against many of the threats you may face as a homeowner in Lakewood, OH. This includes a wide selection of catastrophic events such as severe storms and lightning damage.

You ought to make sure you can repair or rebuild your home by setting your insurance coverage requirements high enough in the event of a catastrophe.

Catastrophic events in Ohio:

  • Number of federally declared disasters in OH: 59 since 1953
  • Most common reasons for disasters in OH: Severe storms and lightning damage
  • Average number of tornadoes per year in OH: 19

Residents of Lakewood, OH, are most at risk for damages caused by the following threats:

  • Burglary and other property crimes
  • Severe storms and lightning damage
  • Floods and flood damage
  • Tornadoes
  • Severe ice storms and freezing

Citizens near waterways such as Lake Erie are most at risk for flood damage, although flash flooding can happen anyplace. Incidentally, an independent insurance agent can help you increase your coverage with a flood insurance policy.

Talk to your independent insurance agent for help in assuring that your house is properly covered.


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Why Does My Lakewood, OH, Home Need Personal Liability Insurance?

Litigations occur constantly and they can become very expensive. So your homeowners insurance protects you with personal liability coverage.

Homeowners insurance is created to cover any expenses you may amass if found liable for damage related to a covered event. A few occurrences in which personal liability coverage may protect you include the following:

  • Your houseboat came loose of its moorings and crashed into your neighbor’s houseboat causing major damage.
  • The painter fell off the ladder and broke a leg because your dog knocked the ladder over.
  • Your lawnmower went out of control and destroyed your neighbor’s prized roses.
  • Your hot water heater blew up and landed on your neighbor’s garage.

If you need to boost your homeowners insurance with higher liability limits than your existing homeowners insurance policy allows, your agent can also help you in finding a reasonably priced umbrella insurance policy. Umbrella insurance is a cost-effective way to enhance all your liability coverage needs.

An independent insurance agent in Lakewood, OH, can simplify your homeowners liability coverage.

Does Homeowners Insurance Cover against Burglaries in Lakewood, OH?

The 2018 crime rate in Lakewood, OH is 106, which is 2.6 times lower than the US average. In the last five years, Lakewood has seen a decrease in violent crime and a decrease in property crime.

The burglary rate in OH, and in Lakewood in particular, is much lower than the national average, which also has you paying a lower rate of homeowners insurance.

  • Number of burglaries per 100,000 homes in the US: 376
  • Number of burglaries per 100,000 homes in OH: 148.4
  • Number of burglaries per 100,000 homes in Lakewood: 203.7

Being the victim of a break-in is disturbing. If your Lakewood, OH, home is broken into, you may find some relief in knowing your homeowners insurance awards compensation for your damages, as well as, for any other property damage the thieves did to your home.

Home security systems are sine of the most effective theft prevention devices around and many insurance firms offer deductions to clients who have security systems installed in their homes.

An independent insurance agent can aid you in obtaining all the potential discounts for which you may qualify.

Does Homeowners Insurance Cover a Second Home or Vacation Home in Lakewood, OH?

Whether you own a vacation home or you have a second home nearby, if you are among the Lakewood, OH, residents who own more than one home, you will want to cover all your houses with an appropriate homeowners insurance policy.

If you do not permanently reside in your second home or vacation property, you frequently have additional risks that insurance companies may consider, which sometimes means that specialized insurance products may be required. 

  • Second homes occupied by renters have a higher liability and property damage risk. These houses require coverage options offered by landlord insurance.
  • Vacation homes left vacant for long periods have an increased risk of burglaries and property damage. Vacant home insurance may be required while the house is unoccupied.

An independent insurance agent can help you find the coverage you need for all your residential properties and help you find the most reasonably priced policies to insure them.

Why Work with an Independent Insurance Agent in Lakewood, OH?

One of the simplest ways to find a good homeowners policy is to work with an independent insurance agent. These experts go to work for you, not for a specific insurance company. This allows you to make sure you are getting trustworthy information as you shop for the homeowners insurance coverage options you need for your Lakewood, OH, home.

Independent insurance agents in Lakewood, OH, are excited to help. Contact an independent insurance agent near you to begin assessing tailored homeowners insurance quotes.

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