Nebraska homeowners insurance overview
There are many insurance companies that offer homeowners insurance in Nebraska. The key is finding the best value based on your needs as a homeowner. Here are some other important factors to consider when choosing the best company.
Different types of homeowners coverage
The best home insurance companies offer a wide range of coverage types. There are six types of policies designed to cover traditional site-built homes, from basic policies to those that offer more features.
The types of homeowners coverage are Dwelling, Other Structures, Personal Property, Loss of Use, Personal Liability, and Medical Payments. Homeowners should look for coverage based on their needs, what they want covered, and their budgets.
Level of coverage
Homeowners should consider a policy with high enough limits to cover the cost of rebuilding a home. Standard homeowners policies provide basic coverage for damage from natural disasters such as fire, lightning, or hail. Those who live in areas prone to natural disasters such as states like Nebraska need coverage for these events.
Amount of deductible
A deductible is an amount the homeowner must pay out of pocket towards a claim before the insurance company pays the rest. The deductible amount a homeowner chooses impacts the premium. The typical deductible is $1,000. If you want a lower premium cost, you can raise the deductible amount. If you want to have a lower deductible such as $500, then your premium will be more expensive.
Many insurance companies offer home insurance discounts. The exact discounts vary, so check your potential insurer’s list. One common discount is for bundling of auto, home, and other types of insurance. Before choosing a policy, take into account any discounts you qualify for. Homeowners may get greater value at a lower cost by taking advantage of all the discounts available.
What are the most common homeowners insurance claims in Nebraska?
Nebraska is prone to natural disasters. The most common natural disasters in Nebraska are severe storms, floods, tornados, winter storms, heat waves, and droughts.
Wind and hail
Severe winter storms are common in Nebraska, and can come with strong winds. “Wind and hail” covers hurricanes, tornadoes, and winds. Claims under this category make up 34.3% of all claims in the U.S., the largest percentage of homeowner claims made.
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