Protect Your Home with KY Homeowners Insurance
Living in Kentucky, you may not see a lot of snow, but you’re pretty accustomed to the rain. In fact, Kentucky residents can see over 3 inches of rain each month in the Bluegrass State. With that much water and other potential risks, Kentucky
homeowners insurance is an important way to help protect your home and personal possessions.
Types of Coverage Under Kentucky Home Insurance
Your Kentucky home insurance policy comes with several coverages to help protect you, your house and your property. Standard homeowners insurance coverages typically include:
Dwelling coverage to help protect your home and the structures attached to it. So, if there is a fire in your kitchen, it will help cover the repairs.
Other structures coverage, which helps protect structures that aren’t directly attached to your house. For example, if a tree falls and damages your garage, other structures coverage can help with the repair costs.
Loss of use coverage to help cover your living expenses up to your coverage limits if your home is unlivable after it’s damaged.** This is also known as additional living expenses coverage.
Medical payments coverage, which helps cover medical expenses, like if your neighbor trips on your walkway and gets injured.
Extend Your KY Home Insurance Policy
Afraid of major damage to your home? Although your Kentucky home insurance has a wide range of coverages, sometimes you need to add other coverage options to get more protection.
If you’re worried about your insurance policy covering the costs to rebuild your home if it’s destroyed, you can add full replacement cost coverage. This pays your full cost to rebuild your home, if it’s a total loss, up to 125% of your coverage limits.
You can also add our “ProtectorPLUS Zero Deductible” benefit to your policy. This waives up to $5,000 off your base policy deductible if your home has $27,500 or more in damages.**
To help you save money and take the guesswork out of picking the right coverage options, we also offer two packages to protect you and your house from even more risks.
Home Advantage Package is ideal for customers who want extra protection above their base policy. It provides:
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Personal Injury Liability Coverage to help cover potential damages from a libel or slander claim.
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Identity Fraud Expense Coverage to pay out-of-pocket expenses up to $25,000 to help you recover after fraud or identity theft.
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Reimbursement for Replacing Locks if you lose your key and need to install new ones.
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“New for Old” Protection‡ to replace older possessions that get destroyed with new ones of the same quality.
Home Advantage Plus Package is our most popular package. It includes all the features of the Home Advantage Package, plus:
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Equipment Breakdown Coverage to help cover the costs to repair or replace appliances and electronics that break from normal use. This does not include coverage for normal wear and tear.
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Identity Fraud Expense Coverage which increases coverage limits you’d get with the Home Advantage Package up to $50,000.
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Disappearing Property Deductible‡‡ which reduces your deductible by $50 if you go three years without filing a claim. Then, it’ll drop by $50 every claim-free year after that until your deductible reaches zero.
It’s important you know that your KY home insurance policy doesn’t cover flood damage. If a storm causes heavy rainfall and your basement floods, your home insurance won’t cover your claim. So, you may want to add flood insurance to your policy to be sure you’re protected.
Kentucky Homeowners Insurance & Mine Collapse
Some states have unique risks that you’ll want to protect your home against. Living in Kentucky, you may have to deal with an underground mine collapse, which could damage your home’s structure.
Your standard Kentucky homeowners insurance doesn’t cover losses resulting from a mine collapse.2 The state passed a law in 1984 establishing the Kentucky Mine Subsidence Insurance Fund (KMSIF) to help cover residents’ losses due to a mine collapse.
Kentucky residents in certain counties can buy insurance coverage through the KMSIF to protect against mine collapses. Without coverage, you may have to file a lawsuit against the coal mining company if your property is damaged by a collapse. But with the KMSIF, you can work with your insurance company to help cover your costs and damages.3
How Much Is Homeowners Insurance in Kentucky?
According to the Insurance Information Institute (III), the average homeowners insurance rates in Kentucky for 2016 were $1,085, slightly below the national average of $1,192. What you pay for your Kentucky homeowners insurance depends on different factors. When you get a quote, homeowners insurance companies in Kentucky will look at your:
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Location
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Home size
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Neighborhood’s safety
Each home is different, so it’s unlikely you’ll pay the same rate for your Kentucky homeowners insurance as your neighbor. Our team of specialists is here to help you get the right coverage at a price that works for you. In fact, our team regularly receives high marks for customer service, so you can be assured we will gladly help you through the claims process.*
Find an insurance agent or get a home insurance online quote today to find out how much it’ll cost to protect your home.
‡ Some benefits, such as the Contents Replacement Coverage, are only available with the optional Home Advantage Plus package. A policy without these added benefits is also available. This is an optional coverage and may not be available in all states.