Racine Homeowners Insurance

Your Complete Guide to Racine, WI, Homeowners Insurance

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

Whether you've lived in Racine since childhood or are new to town, you can enjoy this lovely town's four distinct seasons. While severe weather isn't the norm here, it's important to prepare for storms that could cause damage to your home. 

An independent insurance agent in Racine can help you get the home insurance you need to protect your investment and your property. Find a local insurance agent and start comparing customized quotes from highly rated insurance companies. 

How Much Does Homeowners Insurance Cost in Racine, WI?

Home insurance in Wisconsin is far less expensive than the national average. Even so, shopping around for the best rates means you'll get the most coverage for your money. 

  • National average yearly premium: $1,173
  • Wisconsin average yearly premium: $750
  • 49th most expensive homeowners insurance in the country

Average rates are useful, but you won't be able to make informed decisions about your home insurance policy until you get a personalized quote. Each insurance company has its own algorithms and criteria they use to set premiums. 

  • The size, age, and value of your home
  • The number of stories in your home and whether it has a basement
  • The crime rate and weather risks in your area
  • Your claims history 
  • Your credit score

An independent insurance agent understands how your individual situation may affect your premiums. They can help match you with a company that's a great fit. 

Does Racine Homeowners Insurance Cover against Catastrophic Events?

Your home insurance covers you against catastrophic events like fires and severe weather. Talk with your agent about exactly how much coverage you may need to adequately protect your possessions as well as your home's structure. 

Your policy pays up to its limit, so it's crucial that you have enough home insurance to make necessary repairs or rebuild after a disaster.  

Catastrophic Events in Wisconsin

  • Number of federally declared disasters in Wisconsin since 1953: 46
  • Most common reasons for disasters in WI: Severe storms, lightning, flooding, and tornadoes
  • Average number of tornadoes per year in Wisconsin: 23.5
  • Home insurance claims $585,360,000

Residents of Racine are most at risk for damage caused by storms, hurricanes, heavy snows, freezing temperatures, water main breaks, and wind. Most homeowners insurance policies cover these disasters. 

Flood damage is not usually covered by a home insurance policy, though. Even if the flood was a direct result of a covered event, you still need a separate policy designed to cover this type of damage. 

Your agent can help you design a home insurance policy that covers you for all perils, and they can talk with you about whether you should buy flood insurance through the National Flood Insurance Program (NFIP).

Why Do Racine Homeowners Need Liability Insurance?

Liability lawsuits are common, and they can be expensive for a homeowner. Your home insurance provides personal liability coverage to help you pay for damage related to a covered event.

Here are some common instances where you need liability insurance: 

  • Someone slips on the ice coming up the stairs to your home and breaks their wrist. 
  • Your child throws a baseball and it breaks a neighbor's picture window. 
  • Your dog gets loose and bites someone.
  • You post a negative review on social media and the business sues you for libel.

It may be smart to purchase a policy with higher than normal liability limits. If you have a trampoline or swimming pool on your property, you may need more insurance. An umbrella insurance policy is a smart and affordable way to get the extra coverage you need. 

Does Racine Homeowners Insurance Cover against Burglaries?

The burglary rate in Racine is lower than the national average and only slightly higher than the Wisconsin average. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Wisconsin: 3.36
  • Number of burglaries per 1,000 homes in Racine: 3.47

Having your home or garage broken into is a stressful event. If you have the right type of home insurance, you can at least get financial reimbursement for damage to your home and stolen possessions. 

If you don't already have a good home security system, talk with your agent about your options. You may be able to get a discount on your home insurance if you have a security system. Plus, home security systems serve as effective deterrents to burglars. 

What about Second Home and Vacation Home Insurance?

If you own a second home or you've purchased a vacation property, you'll need special insurance. Homeowners who operate a vacation rental or simply have a home that isn't their primary residence should be aware of some specific risks. 

A second home that's occupied by tenants has higher liability and property damage risks. Landlord insurance can help you get the coverage you need. 

A vacation home that's unoccupied during much of the year have increased risk of property damage and break-ins. You may need a special home insurance policy designed for vacant properties. 

Your agent can help you review your options and make sure you have adequate coverage for your second home or vacation home. 

Why Work with an Independent Insurance Agent in Racine, WI?

The simplest way to find the home insurance you need is to work with a Racine independent insurance agent. They'll work for you to get the best possible rate without sacrificing coverage.

Contact an insurance agent now and get your home insurance in place right away. 

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

https://www.census.gov

http://www.city-data.com/city/Racine-Wisconsin.html

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