Home Insurance in Lincoln, NE
Having home insurance in Lincoln, NE, spares you from the financial burden of having to restore or replace your home after certain covered events.
Lincoln is the capital of Nebraska and its second-largest city with almost 293,000 residents. Named for President Abraham Lincoln, the city is an economic and cultural hub for southeastern Nebraska and offers much to do for locals and visitors. There's the State Capitol of Nebraska which has a 400-foot domed tower and courtyards. You can also take in local culture and history at the Nebraska History Museum and the Sheldon Museum of Art.
Lincoln is a great place to call home thanks to its affordability. With housing costs that are 20% lower than the national average, Lincoln may just be the place for you. It has one of the better ratios when it comes to household income versus property value. The median property value is $193,800, around three times the median household income of $62,600. Whether you live in a mid-century modern home near Downtown or a split-level in South Salt Creek, you have to ask yourself if you could afford to spend three times your salary to replace your home after a fire. With home insurance in Lincoln, NE, you may not have to.
While there's no state law requiring home insurance in Lincoln, NE, you may have to carry coverage if you have a mortgage. Whether you're financing or not, home insurance is a good idea because of the weather in Lincoln. The city experiences severe thunderstorms in the winter, often spawning tornadoes that can cause expensive damage to your dwelling and belongings. Hailstorms and blizzards also occur here. Lincoln has a property crime rate that exceeds the national average. A policy for home insurance in Lincoln, NE, can protect your finances after a natural disaster or theft.
You can expect your insurance to provide these coverages :
Most home insurance policies don't cover certain natural disasters such as flooding or earthquakes. Responsible homeowners like you should know what is and isn't included in your plan. VIU by HUB not only helps you compare quotes but also plans to make sure you have the right coverage.
Lincolnites, on average, pay $2,965 in annual premiums. This is below the state average, but significantly more than the national average of $1,820. Many factors shape what a homeowner pays each year for coverage:
As the insured, you're responsible for an out-of-pocket contribution to a claim called a deductible. You can lower your premium by paying a higher deductible. Most companies also offer discounts that can reduce your costs. Save even more money by letting VIU by HUB help you compare plans and prices. Find a better plan for home insurance in Lincoln, NE, today.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
