Mobile, AL, Home Insurance

After a fire or other natural disaster, repairing or replacing your home can be prohibitively expensive without a plan for home insurance in Birmingham.

Compare, shop and customize quotes from top-rated insurance carriers.

Coming Home to Mobile

At just over 183,000 residents, Mobile is one of the largest cities in Alabama. It is situated on the Mobile River on the Gulf Coast. A cultural center for the region, Mobile charms locals and visitors with historic architecture and the arts, including theatre productions and a host of annual festivals, including the Mobile Jazz Festival, BayFest and Mardi Gras. The city is home to one of the oldest Mardi Gras celebrations in the country.

Mobile is regarded as an affordable place to live, scoring lower than the state and national averages in housing, transportation, utilities and services. The median household income was around $45,000, which is approximately one-third of the median property value of nearly $139,000.

Over half of the homeowners here own their homes, but how many can afford to replace their residences after a major disaster? Whether you live in a craftsman in Oakleigh Garden or a cottage in Lower Dauphin, you need a plan for Mobile, AL, home insurance.

Protecting Your Home in Mobile

As a resident of Mobile, you should be aware of these local threats to your home:

Property crime: Although Mobile's property crime rates have improved over time, they are still well above the national average.
Hurricanes: Mobile is located on the Gulf Coast, where it is vulnerable to extensive property damage from hurricanes.
Tornadoes: The state of Alabama experiences a high number of tornadoes. which like hurricanes, can significantly damage homes and infrastructure.

Mobile also has many older homes that were built in the 1800s, which are often more susceptible to local hazards and can be costly to repair and replace. Most mortgage lenders require homeowners to carry insurance; however, Mobile, AL, home insurance is recommended for anyone who owns a residence.

Insuring Your Property

No two Mobilians will have the same needs for coverage, but the standard policy should include these benefits:

Property damage: This is the crux of your policy, covering destruction to the structure of your home and other buildings. It also covers most personal belongings, especially if destroyed in a covered event or stolen.
Additional living costs: Your home may be unusable following a covered event. This benefit covers miscellaneous expenses such as temporary lodging and offsite storage.
Personal liability: If a third party is injured or has property damaged while in your home, personal liability can protect you from a lawsuit or claim.
Medical payments: This covers the cost of medical bills for anyone accidentally injured by you, anyone named on your policy or pets.

Your policy may not cover things like flooding or personal belongings of high value such as art, collectibles or jewelry. VIU by HUB helps you see the value in a customized plan by comparing quotes for the best price.

Getting the Lowdown on Home Coverage

Mobile homeowners, on average, pay $3,563 each year for insurance, exceeding both the state average and the national average of $2,417. Various details determine your rates for coverage:

Location: Mobile's coastal location and risk of hurricane damage drive rates up.
Age and condition: Newer homes are usually less expensive to restore and repair.
Size of residence: When there's more floor space to enjoy, there's more home to insure.
Credit score: Insurance companies often correlate a higher credit score with reliability and thus lower premiums.

Although you'll pay more for Mobile, AL, home insurance than in other locations, you may qualify for discounts. Knowing what's out there is the first step towards a better plan. VIU by HUB is here to help you compare policies and insurance companies to get a policy that works for you.

This information is intended for general informational purposes only and is not intended to constitute legal advice.