Home insurance in Minneapolis, MN
Take care of your home responsibly with a tailored policy for home insurance in Minneapolis
Approximately 425,000 people call Minneapolis home. This vibrant city has much to offer for lovers of art, entertainment, sports and the outdoors. Whether you're into professional sports teams like the Minnesota Twins and the Minnesota Vikings or water activities at any of the city's interconnected series of lakes, there's more to do than eat, sleep and work in the City of Lakes.
In Minneapolis, the median home value is around $284,000. Whether you live in an early 20th-century Craftsman or a spacious Rambler, it's important to protect your home from perils such as fire and theft. The median household income in the area is approximately $70,000, which is 25% of the median home price. You need a plan for home insurance in Minneapolis and VIU by HUB is here to help.
If you finance your home, most lenders require you to carry insurance to protect their investment. Even if you own your house, certain factors pose the risk of costly damage:
Without home insurance, you could be paying a lot of money out of pocket for repair.
Minneapolitans can expect to pay almost $2,750 each year for coverage. This is higher than the state average and the national average of $2,417. Various insurers are available here, so it's important to find a plan that makes the most sense for your home.
Factors that impact your annual premiums include these:
Other factors such as security features, renovations, coverage limits and even pet ownership can impact your premium. VIU by HUB can help you sort through all your options, including available discounts to save money.
The following coverages are available with a policy for home insurance in Minneapolis:
Standard homeowners' policies do not cover flooding or earthquakes, so it's important to make sure your home insurance in Minneapolis protects your home adequately. Let VIU by HUB help you compare options for the best rates.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
