Scranton Homeowners Insurance

Your Complete Guide to Scranton, PA, Homeowners Insurance

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

Scranton Pennsylvania homeowners insurance

Bad weather is the number one reason Scranton residents may have to make a home insurance claim. Severe winters, heavy rains, and even hurricane activity can be bad news for your home. It's crucial to have a home insurance policy that covers you for common damage-causing incidents. 

When you shop for home insurance, be sure to use the services of a Scranton independent insurance agent. These agents work for you, not for insurance companies. They'll help you decide how much coverage you need and balance the types of home insurance you carry with your budgetary needs. Reach out to a Scranton agent today to get started comparing customized quotes from the best insurance companies. 

How Much Does Homeowners Insurance Cost in Scranton, PA?

You'll pay less, on average, for home insurance in Pennsylvania than in the rest of the United States. While this is a nice perk of living in Scranton, you'll still need to shop around to get the best possible rates. 

  • National average yearly premium: $1,173
  • Pennsylvania average yearly premium: $913
  • Pennsylvania is the 38th most expensive state for home insurance 

Your rates may vary from the averages, of course. Insurance companies may base their premiums on this information:

  • 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, you can choose the policy that offers the most coverage at the lowest price. Your agent will help you make sure you get the most value for your money. 

Does Scranton Homeowners Insurance Cover against Catastrophic Events?

With a good home insurance policy, you'll get coverage for major catastrophes. This includes a wide range of events including fire, storms, and wind. Work with your agent to make sure that your policy limits are high enough to enable you to rebuild after a disaster. 

Catastrophic events in Pennsylvania

  • Number of federally declared disasters in Pennsylvania: 62
  • Most common reasons for disasters in PA: Severe storms
  • Number of severe storms declared as a disaster in PA since 1953: 41
  • Number of hurricanes declared as a disaster in PA since 1953: 21
  • Number of floods declared as a disaster in PA since 1953: 10

Residents of Scranton are most at risk for damage caused by heavy snows, freezing temperatures, water main breaks, severe storms, and wind. Fortunately, these hazards are all covered by most homeowners insurance policies.

Your home insurance policy covers flooding only when it's caused by a malfunction in your home. If you have damage from flooding due to a weather event like a hurricane or fast-melting snow, you may have to handle the costs of repairing that damage out of pocket. 

Your agent can help you explore the option of buying flood insurance as an add-on policy through the National Flood Insurance Program (NFIP). This low-cost policy is a smart buy for Scranton residents concerned about possible flooding damage. 

Why Do Scranton Homeowners Need Liability Insurance?

Liability lawsuits are common and expensive. Your homeowners liability insurance is designed to cover expenses related to a covered event. 

Some examples of situations in which this personal liability coverage can protect you include:

  • A visitor in your home trips on loose carpeting on your stairway and suffers a serious back injury.
  • Your child breaks your neighbor’s picture window while playing baseball in your backyard.
  • Your dog manages to get loose and bites a jogger.
  • A local business sues you for libel because of a negative review you posted on social media.

Liability lawsuit coverage included with home insurance policies often isn't enough to insure all your assets. Your agent may recommend an umbrella policy to help protect all your assets, especially if the total value of your assets is more than $100,000. 

If you are sued for accidental property damage or injury, your umbrella policy provides protection beyond the limits of your auto insurance and home insurance policies. This cost-effective insurance is a smart add-on for many homeowners. 

An independent insurance agent in Scranton can explain your homeowners liability coverage and help you understand how to expand that coverage if needed. 

Does Scranton Homeowners Insurance Cover against Burglaries?

Your chances of having your home broken into are slim in Pennsylvania. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Pennsylvania: 2.78

If you are the victim of a property crime, you'll need coverage for damage done to your home as well as lost possessions. Fortunately, most home insurance policies provide coverage for this type of event. 

Because home security systems are an effective theft deterrent, many insurance companies offer discounts to policyholders who have burglar alarms installed in their homes. 

There are other important ways to get discounts on your home insurance. You could explore the option of raising your deductible, bundle your coverage with car insurance, or make home improvements like replacing an old roof. A local independent agent can help you find all of the potential discounts for which you may qualify.

What about Second Home and Vacation Home Insurance?

If you own other residences, talk with your agent about how best to cover those assets, as well. Whether your vacation home is in a warmer climate or close to the east coast, you'll need special insurance to protect your investment. 

Homes that aren't your primary residence have a higher chance of certain types of damage. 

  • Tenant-occupied second homes have higher liability and property damage risks. Consider landlord insurance as an add-on to your regular policy. 
  • Unoccupied vacation homes have a higher risk of break-ins and property damage. Vacant home insurance can help protect your property while it's not in use. 

Your Scranton independent insurance agent will review all your policies for each of your properties and help you get the right types and amounts of coverage. 

Why Work with an Independent Insurance Agent in Scranton, PA?

When you choose a Scranton independent insurance agent, you'll get one-on-one support as you make important decisions about your home insurance coverage. Your agent works for you, not for a specific insurance company. You can rest assured that you'll get top-notch service and the best possible rates. 

Contact an insurance agent today to get started building your ideal home insurance package.

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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/Scranton-Pennsylvania.html

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