Kentucky home insurance is typically offered in three broad categories. Knowing which plans cover what and at what cost is critical for buying the best insurance for your home. This means you should get Kentucky home insurance quotes not just from multiple companies but for multiple plans so you can compare and make an informed decision.
Kentucky Home Insurance Policies
- Basic: This covers what is commonly known as the 11 Basic Perils of Homeownership: fire or lightning, windstorm or hail, explosions, riot or civil commotion, damage from aircraft, damage from vehicles, smoke damage, vandalism, theft, volcanic eruption, glass or safety-glazing material damage.
- Broad: This coverage include the basic perils, plus six others: falling objects, ice/snow/sleet, frozen pipes, damage from hot water heating system, and plumbing overflows and discharge.
- Special: This home insurance typically covers everything except for flooding and earthquake damage.
Supplemental Home Insurance in Kentucky
- Earthquake Insurance: Most Kentucky insurance companies will allow you to buy supplemental earthquake insurance. Rates will be determined by the value of your home, its structural resistance to seismic activity, and the earthquake zone (1-3) in which you live. The advice on Kentucky earthquake insurance is mixed. It may cost a lot to cover less than you think. On the other hand, according to the Insurance Information Institute, there's a 40 to 63 percent chance the New Madrid Fault region will suffer an earthquake with a 6.0 magnitude in the next 15 years.
- Flood Insurance: Many Kentucky insurance companies refuse to offer their customers flood insurance. The risk is too high, the costs too great. But this doesn't mean you have to leave your home unprotected against flooding. The National Flood Insurance Program (NFIP) offers flood insurance to 300 separate Kentucky communities, many of which are a high flood risk and may find it difficult to find insurance otherwise.
Can't Get any Kentucky Home Insurance Quotes?
Yes, it's possible that your attempts to get Kentucky home insurance quotes are denied, just as it is for health and auto insurance. Maybe you've filed too many claims in the past or your home is classified with too high a risk --an older, remote home without basic access to firefighting services. If this turns out to be the case, you still have recourse to get Kentucky home insurance through the Kentucky Fair Access to Insurance Requirements Plan (FAIR), so long as your home meets a few, basic criteria. (If it doesn't, you probably have to worry about building inspectors condemning the property more than getting home insurance.)
Fortunately, the homes and homeowners who fall into this category are few and far between. This doesn't mean that finding reliable and affordable homeowners insurance quotes is suddenly hassle-free. Insurance companies are still insurance companies: that's why NetQuote is here. Just fill out a basic, secure online form and we'll match you to local Kentucky home insurance providers. This convenient referral service will allow you to take full advantage of competition and the free market from the comfort of your soon-to-be-insured home.