Your Resource for Buying a Policy in Kentucky

Although most states in the country are similar when it comes to home insurance, each one has their own unique aspects to getting a policy. With its wide risk of perils and distinctive buying process, Kentucky is no different. Despite its small geographical size, the Bluegrass State has maintained strong population growth for many years. As the area becomes more crowded and populations more dense, adequate coverage becomes all the more important. If you're getting ready to purchase a policy, then you need to read this informative guide!

Perils to be Aware Of

The primary reason why nearly ever expert highly recommends that you have a good policy is so that your house is protected from the elements. Your home will probably be the biggest investment you ever make, so there's no point in leaving it at risk. Purchasing a good policy may be even more important due the wide range of natural disasters that could strike. Here's a look at some of the most dangerous perils residents are at risk for:

• Of course being part of the southern states, many localities are at risk for tornadoes. Tornadoes are considered one of the most dangerous natural disasters for their potential to cause massive amounts of damage in a very short period of time. Thankfully, they are typically covered as wind under most standard policies. However, keep in mind that certain high risk areas may be excluded from coverage. Contact your provider for specific details on your policy.
• Many people don't realize the damage that snow and ice are capable of causing. Large amounts of snow can collapse roofing and generally make life more difficult for everyone. With the weight it can put on trees and branches, snow is often responsible for knocking out power lines or other important utilities. In fact, in early 2009, Kentucky experienced one of the worst ice storms in its history with thousands of homes damaged and even more without power.
• Like many of its surrounding localities, Kentucky gets a fair amount of rainfall every year and certain areas are susceptible to flooding. Massive floods can literally engulf a home, so flood coverage is a must. Although every carrier is different, keep in mind that flood coverage is not usually part of a standard package. It can usually be purchased in addition to your plan though.

Home Insurance Costs to Consider

Unlike some of the other disaster-prone areas in the country, Kentucky maintains fairly affordable rates. A recent statistical analysis shows that the average premium for residents was about $650. That puts the state in the top ten cheapest states for home insurance. If you're hoping to lower your premiums, you might find it a difficult task. The major factor for determining rates in the area is property value. The higher your property value, the higher your rates will generally be.