Mt. Juliet is a fast-growing suburb of Nashville with nearly 34,000 residents. If you own a house in Mt. Juliet, you will want to be sure to protect your investment with a reliable home insurance policy. A local independent insurance agent can help you shop for Mt. Juliet homeowners insurance. Independent agents aren’t tied to one carrier, so they can obtain competitive quotes, answer your questions, and make sure you get the coverage that best fits your needs and budget.
Average Cost of Homeowners Insurance in Mt. Juliet, TN
Tennessee is the 22nd most expensive state for home insurance in the US. The average cost of homeowners insurance in Mt. Juliet is higher than both the state and national averages. But that doesn’t mean that residents shouldn’t comparison shop for the best local rates.
- National average yearly premium: $1,173
- Tennessee average yearly premium: $1,149
- Mt. Juliet average yearly premium: $1,344
Of course, your insurance premiums will be more or less than the average for your city. That’s because rates are determined according to your exact coverage needs and the unique characteristics and risk factors of your home and neighborhood. The age, size, value, and materials used to build your home help insurance companies determine how much it would cost to replace it if it were severely damaged or destroyed.
Insurance companies also evaluate the crime rate and weather risks in your city, your claims history, and even your credit score to determine your home insurance premiums. Many policyholders qualify for discounts if they bundle multiple insurance policies with the same insurance company. Consider bundling your car insurance or life insurance with your home insurance in order to get the best local rates.
What Is the Burglary Rate in Mt. Juliet, TN?
The home burglary rate in Mt. Juliet is similar to the national average, and it is lower than the average for the state of Tennessee. This may help to make home insurance rates in Mt. Juliet more affordable than in some other cities.
- Number of burglaries per 1,000 homes in the US: 4.69
- Number of burglaries per 1,000 homes in Tennessee: 6.06
- Number of burglaries per 1,000 homes in Mt. Juliet: 4.47
If you do experience a break-in, your homeowners insurance can help you get back on your feet quickly. It helps you pay for damage to your home, as well as repairing or replacing stolen or damaged possessions. It’s important to take precautions to protect your home from intruders. Always keep your home well-lit inside and out, and lock your doors even when you are at home. Consider installing a home security system, too. Not only are burglar alarms the best deterrents for thieves, but having one may also earn you a discount on your Mt. Juliet homeowners policy.
Catastrophic Events in Tennessee
Tennessee experiences a variety of severe and damaging weather, from severe storms to tornadoes and floods. These storms can cause significant and costly property damage.
- Number of declared disasters in Tennessee: 69
- Most common reasons for disasters in the state: Severe Storms and Floods
- Average number of tornadoes per year in Tennessee: 29.1
- Average amount of property damage per year in Tennessee: $1,153,112,000
- 1 in 15 insured homes has a claim each year
Even common events like wind, rain, and hail can also cause significant—and expensive—property damage. Your home insurance policy will help you repair or replace damaged property and get back on your feet quickly.
Liability Insurance for Mt. Juliet, TN Homeowners
In addition to providing coverage for lost or damaged property, your homeowners insurance provides you with liability insurance. Liability insurance is designed to cover you for claims of negligence and the resulting lawsuits that you might face as a property owner. If someone is injured on your property or in your home, or if a member of your family injures a third party, you can expect be required to reimburse the injured party for their related expenses—at the very least.
It’s also not unlikely that you could be sued for these kinds of incidents. If you are sued, the costs of defending yourself and compensating the injured party can be insurmountable. Your liability insurance pays for the injured party’s medical expenses, as well as court costs, attorney fees, and any settlements or judgments levied against you. Without it, you may have nowhere to turn to protect your assets. If you have liability risks beyond what your home insurance policy can cover, talk to an independent insurance agent about how a personal umbrella policy can supplement your other coverage and offer extensive protection of your assets if you are sued.
Second Home and Vacation Home Insurance
Any type of second home needs insurance coverage, and homes that do not serve as a primary residence actually involve some additional risks. A basic homeowners insurance policy may not be sufficient for additional residential properties. What’s more, you may find that your second home insurance is more costly than the coverage for your primary residence. Vacation homes are often left unoccupied and unattended for several months of the year. These homes are more susceptible to thefts, vandalism, break-ins, and property damage than homes that are occupied all year.
Vacant home insurance can help give you peace of mind in these situations. If you have a rental property, your risk for facing a negligence claim or a lawsuit is much greater. A basic home insurance policy may not adequately cover all of the risks you face as a landlord. Landlord insurance is typically necessary if you own a second home that is occupied by tenants. An independent insurance agent in or near Mt. Juliet can help you find the best policies to cover all of your residential properties.
Why Work with an Independent Insurance Agent?
Independent insurance agents make it fast and easy to find the best policy to cover your Mt. Juliet home. Because they aren’t tied to a single insurance company, they can help you comparison shop for the best coverage and most affordable rates for your needs.
Find an agent in or near Mt. Juliet to start comparing customized home insurance quotes from an assortment of highly rated insurers.
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