Springfield Homeowners Insurance

Your Complete Guide to Springfield, OH, Homeowners Insurance

(How to find a reliable home insurance policy at an affordable price)

Springfield Ohio homeowners insurance

Springfield homeowners face a number of factors in their everyday lives that require a solid home insurance policy with a trustworthy insurance company. Whether you are a new homeowner or have lived in your Springfield house for years, it's a great time to get in contact with an independent insurance agent and talk through your options. 

Independent agents in Springfield can help you get the most coverage for your money by shopping dozens of home insurance companies on your behalf.

How Much Does Homeowners Insurance Cost in Springfield, OH?

You'll pay less on average for homeowners insurance in Ohio than the national average premium. It's smart to shop around, no matter what the average rates indicate. Getting multiple home insurance quotes could save you hundreds of dollars each year. 

  • National average yearly premium: $1,173
  • Ohio average yearly premium: $819
  • Ohio is one of the least expensive states for home insurance

Average rates make useful benchmarks, but your rates will be based on factors specific to you, your home, and your financial situation. Expect insurance companies to consider these factors when calculating your home insurance rates: 

  • The size, age, and value of your home
  • The type of home you are insuring (e.g., single-family detached home, condo, manufactured home, vacation home, etc.)
  • The number of stories in your home and whether it has a basement
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • Whether you are bundling your coverage with another policy like car insurance or life insurance

When you compare quotes with your agent, you can choose the company that offers the most coverage for the lowest price. Independent agents in Springfield make comparing companies simple and quick. 

Does Springfield Homeowners Insurance Cover against Catastrophic Events?

Your home insurance covers you against many common problems faced by Ohio homeowners. When you talk with your agent, make sure you have enough coverage to allow you to rebuild or replace your home and possessions after a catastrophe. 

Catastrophic events in Ohio

  • Number of federally declared disasters in Ohio: 54
  • Most common reasons for disasters in OH: Severe storms
  • The average number of tornadoes per year in Ohio: 19.2

The top five risks for homeowners in Ohio:

  • Severe storms and lightning damage
  • Flooding and water damage
  • Tornadoes
  • Burglary and other property crimes
  • Heavy snow

These common hazards, with the exception of damage from flooding, are covered by most home insurance policies. If you are concerned about flooding, talk with your agent about supplementing your coverage with a policy through the National Flood Insurance Program (NFIP).

Why Do Springfield Homeowners Need Liability Insurance?

Liability lawsuits can be expensive, and the events surrounding this type of lawsuit are often beyond the homeowner's control. Your home insurance policy includes personal liability coverage that can help cover the expenses you may accrue if you are responsible for an event covered by your insurance policy. 

These incidents may include:

  • A visitor in your home trips and breaks their ankle, requiring immediate medical attention. 
  • Your child breaks your neighbor's gate while riding a bicycle. 
  • Your dog bites the neighbor's cat, requiring veterinary care. 

Your agent can help you understand how your liability insurance policy works, and when you may need this important coverage. 

If you want higher liability limits than those provided by your home insurance, consider umbrella insurance. This coverage provides an affordable way to get extra liability insurance. 

Does Springfield Homeowners Insurance Cover against Burglaries?

The rate of home invasions in Ohio is a bit higher than the national average. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Ohio: 5.76

If you are the victim of a burglary, you may have to deal with damage to your home and property in addition to replacing stolen items. Your home insurance policy can provide compensation for your losses and help you pay to repair any damage resulting from a break-in. 

Home security systems offer a statistically reliable home invasion deterrent. For this reason, insurance companies often offer discounts for homeowners that are willing to install a good security system. 

What about Second Home and Vacation Home Insurance?

If you own a second home or a vacation home, you may be at risk for a higher rate of break-ins, liability lawsuits, and property damage. Houses that aren't your primary residence and are occupied by tenants may require specialized coverage offered by landlord insurance policies. 

Vacation homes that are vacant for much of the year may be at increased risk of burglary and property damage as well. Vacant home insurance can help you mitigate the financial effects of those risks. 

Your agent can talk with you about any additional properties you need to insure. They can walk you through your options and make sure all of your homes have the right types and amounts of home insurance.

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

The best way to get the home insurance you need at a price that works with your family's budget is to reach out to a Springfield independent insurance agent. They can help you understand your options. Shopping multiple insurance companies for rates can be a headache, but your agent works for you. They'll handle the legwork and help you make the right choices so you can get the most coverage for your money. 

Reach out to a Springfield agent today to get started. 

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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http://www.naic.org/prod_serv/AUT-PB-14.pdf

https://www.census.gov

http://www.city-data.com/city/Springfield-Ohio.html

https://www.fema.gov/data-visualization-disaster-declarations-states-and-counties