Last Updated on September 29, 2020 by Andrew Lee
Did you know that in the State of Nebraska, more than half of all the homes fall under the “owned” property category? That’s right. According to Livability, 66% of all homes in the state are owned.
Seeing that NE boasts of having so many proud homeowners, there’s no longer a need for you to wonder why a lot of insurance companies call the state their home. Of the total 1,555 insurers in the state, 97 of them are local businesses, while the rest are foreign but licensed companies, as shown in a report by the National Association of Insurance Commissioners. The question is, how do you choose the best one?
NE Homeowners paid an average of $1,151 compared to the national average of $1,096
Defining “best” depending on your unique requirements and circumstances
The best homeowners insurance policy varies greatly from person to person. You should also keep in mind that what was once the most appropriate for your situation may no longer provide you with sufficient coverage. There is also a possibility that you can already reduce your premiums, giving you more ways to save money.
This is why the Nebraska Department of Insurance recommends homeowners to always check their policy at least once a year. This way, you can properly and thoroughly evaluate your coverage and run through the most important factors that influence its suitability to your taste and needs.
In a nutshell though, for you to get the most out of your insurance and the premiums you pay towards it, it is best you stick to a policy that meets the following:
- Sufficiently covers not just your house, but its contents as well, particularly the most valuable belongings you have
- Covers damages caused by events outside of those that standard policies provide coverage for (for example: flood and fire)
- Also provides personal liability coverage, especially Medical Payments
By simply having an annual check-up conducted on your Nebraska homeowners insurance policy, you can make certain you do have the most appropriate policy while also preventing you don’t overinsure.
The money-saving strategies for an NE homeowners insurance policyholder
There are many different ways you can reduce your premiums that will result in lower monthly and/or yearly payments. Best of all, when done correctly, you don’t have to worry about compromising your home and its contents, since essentially, you’ll still receive the best possible coverage but for a lower price.
One of these strategies is to explore the available discounts you can qualify for. As the Nebraska Department of Insurance advices, some insurers offer great discounts to homeowners who make use of additional safety and security items in their property.
Ask about premiums-reducing deals for utilizing fire extinguishers, smoke alarms, sprinkler systems, and home security systems. Know also that the most dependable insurers offer money-saving programs to customers who use even just heavy-duty deadbolts and locks.
Bottom line: This insurance prevents shockingly high out-of-pocket expenses
Keeping your Nebraska homeowners insurance policy up to date, ensuring you obtain enough amount of coverage, and regularly checking on available discounts will all pave the way to a more robust, yet easily affordable policy. And as long as you’re proactive, you have higher chances of having a policy that has premiums lower than what financial resource firm ValuePenguin reported as $82.22.