Adolphus, KY Homeowners Insurance Rate Quotes!
Homeowners like you living in Adolphus are shopping rates online to find cheaper home insurance rates because rates have increased or the policy does not offer the coverage you need. At GetHomeInsuranceQuotes.com, we help customers shop multiple home insurance rates all-in-one place. Rates in Adolphus are starting around $852 per year or only $71 per month. A home in Adolphus with an average square footage of 1,700 are seeing rates as low as $602 per year because the price to rebuild the home is cheaper than a larger home that requires more building supplies to rebuild. Large homes in this area cost homeowners around $1,152 per year. According to industry data, the average premium price in the state of Kentucky is $1,174 per year. The national home insurance average price is $1,311. Let us help you shop the best Adolphus, KY homeowners insurance rates available, we are able to shop around 12 different insurance companies. This helps compare price and coverage to pick out the best rated home insurance company for you!
It is important to know that there are a variety of different policy types and each one is written for a certain type of house or apartment. Having the correct policy type is key to having the proper coverage on your home.
Here is a little information about some of the most common insurance types for homeowners in the city of Adolphus:
| Type | Description |
|---|---|
| HO-3 | The most common of homeowners coverage is the HO-3. The majority of homeowners carry this type of policy and it covers damage that is caused by all perils unless they are excluded in the body of the policy. Damage that is caused by floods or earthquakes is always excluded on an HO-3 policy but there can be other exclusions as well. |
| HO-6 | Condos are becoming a popular housing option in Adolphus and if you have one, this is the policy type you need. In addition to condos, it also protects co-ops. This insurance offers coverage for your personal belongings as well as the components of the building that you actually own. |
| HO-8 | Adolphus is lucky to have a fair number of historical homes and if you own one, you may need a HO-8 policy. These policy types are specific to older homes where the replacement cost of the house may actually exceed the cash value of the home. These policies are affordable because the payout levels are less than the actual replacement cost of the house. In most cases, the need for an HO-8 policy arises when the house is more than 40 years old and doesn’t qualify for a HO-3 policy. These policies only cover 11 perils. |
| HO-4 | This policy type was designed for people that rent an apartment. It is often referred to as renters insurance. An HO-4 policy will pay out for damage to your personal property in your apartment and it also offers liability protection in the event that someone is injured in your apartment. |
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Average Rates Nearby Adolphus
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Home Insurance Rates by Zipcode in Adolphus, KY
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Adolphus, KY Home Insurance Average Premiums
$602 /yr.
For the city of Adolphus, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $602 /yr. |
| Average Coverage: | $852 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1152 /yr. |
What is the average home insurance cost for a home in Adolphus, KY?
- • The average homeowners insurance premium paid annually for a home in Adolphus is around $852 per year.
What does it cost on average per month for home insurance in Adolphus, KY?
- • Homeowners in Adolphus pay an average cost per month around $71.00 for insurance coverage.
Adolphus, KY - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $133,820 | $115,008 |
| February | $133,881 | $118,168 |
| March | $133,190 | $122,775 |
| April | $130,579 | $126,119 |
Homeowners insurance will help cover the cost to repair or replace your Adolphus home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Adolphus
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Adolphus, KY homeowners insurance rates all in one place! |
Saving Money Tips on Adolphus Home Insurance
A great way to save money on Adolphus homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Adolphus area? Check out what homeowners are paying on average for Kentucky homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 724 ft. | This is the average home elevation in Adolphus, KY | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Kentucky flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Adolphus, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Allen County.
Kentucky Homeowners Insurance News & Information
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According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
Adolphus, KY Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Adolphus so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Adolphus, KY?
- The average square footage in Adolphus is around 811 Sq. Ft. which would cost you around $95,700 to replace the home if you base the home on the price to build per square foot of $118.
Minimum Replacement Cost Total: $95,700
Location: Adolphus, Kentucky (Allen County)
Average Building Cost Per Square Foot in Adolphus: $118 (low end)
Average Square Footage in Adolphus: 811 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $118 | $95,700 |
| Some Additional Upgrades | $148 | $119,625 |
| Major Home Updates or Advancements | $177 | $143,550 |
The dwelling coverage is calculated by the average cost per square foot ($118) in Adolphus, Kentucky times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $368,750 (Media price to build of $148 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.