Waukesha Homeowners Insurance

Your Complete Guide to Waukesha, WI, Homeowners Insurance

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

You need reliable insurance that works with your budget for your Waukesha home. While you don't face any special risks to your property as a resident of this Wisconsin town, having the right types and amounts of home insurance will help you protect your family's financial future. 

An independent insurance agent in Waukesha can get customized home insurance quotes from multiple insurance companies. You'll have the advantage of seeing how different insurance companies stack up without having to contact them one-by-one on your own. 

How Much Does Homeowners Insurance Cost in Waukesha, WI?

Wisconsin homeowners pay a lot less for home insurance than the national average. To get the best possible rate, you'll need to shop around. Comparing insurance companies will help you make the right choice.

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

Actual home insurance premiums vary widely from one Waukesha residence to the next. While averages are important, your numbers may be much different. Insurance companies calculate premiums on a case-by-case basis. They take a number of factors into consideration. 

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

When you compare quotes, you can choose the insurance company and policy that offers the best coverage with the lowest premium. Working with an independent insurance agent in Waukesha makes shopping for home insurance easy. 

Does Waukesha Homeowners Insurance Cover against Catastrophic Events?

Home insurance covers the cost of repairing or replacing your home if you are in the path of a tornado, your home catches fire, or a severe weather event damages your property. Make sure your dwelling and contents coverage limits are enough that you'll be able to afford making necessary repairs or rebuilding your home in the event of a catastrophe. 

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 Waukesha are most at risk for damage caused by storms, hurricanes, heavy snows, freezing temperatures, water main breaks, and wind. Insurance companies usually cover damage caused by these events. 

Flood damage is not covered by a regular home insurance policy, though. Even if your home is damaged by flooding caused by a weather event, you'll need a special flood insurance policy. Your agent can help you get additional coverage for floods through the National Flood Insurance Program (NFIP).

Why Do Waukesha Homeowners Need Liability Insurance?

Liability lawsuits can be time consuming and expensive. Your home insurance provides personal liability coverage. Here some instances where you'll need a good liability insurance policy: 

  • Someone falls on the ice in your driveway and requires medical attention.
  • Your child's friend falls out of your treehouse and breaks their arm.
  • Your dog bites someone who is visiting your home.
  • A Waukesha business sues you for libel after you write a negative review and post it on social media.

Your agent can explain how liability insurance works and when you may use the policy. If you need higher limits on your policy, consider an umbrella policy. This additional coverage is an inexpensive way to make sure you have enough liability insurance to get you through almost any situation. 

Does Waukesha Homeowners Insurance Cover against Burglaries?

The burglary rate in Wisconsin is lower than the national average. Waukesha residents reported just 83 burglaries in 2018. 

  • 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 Waukesha: 0.83

If your Waukesha home is broken into, your homeowners insurance can help you replace stolen items and repair damage to your home. 

One of the most effective theft deterrents is a home security system. You may even get a discount on your home insurance premiums if you install a security system or purchase a home with a working security system. Your agent can help you find the potential discounts associated with having a security system. 

What about Second Home and Vacation Home Insurance in Waukesha?

If you own more than one home, you may need specialized insurance. There are special risks that come with having a second home or vacation home. Each of your homes needs its own insurance policy. 

Homeowners who rent through AirBnb or VRBO and those who have long-term tenants may need landlord insurance to cover them for higher liability limits and the increased risk of property damage. 

If you have a vacation home that's vacant for much of the year, you'll need vacant home insurance due to an increased risk of break-ins and property damage. Your agent can walk you through the potential scenarios and help you get the insurance you need to cover your second home or vacation home.

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

When you connect with an independent insurance agent in Waukesha, you'll get one-on-one service and help designing your ideal home insurance policy. An independent agent works for the customer, not for the insurance company. You can count on them to provide trustworthy guidance as you shop around for insurance. 

Contact an insurance agent in Waukesha to start comparing customized insurance quotes 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/Waukesha-Wisconsin.html

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