Lake Como, PA Homeowners Insurance Rate Quotes!

Did you know Lake Como, PA homeowners are now finding easier ways to compare home insurance rates online. At GetHomeInsuranceQuotes.com, we provide superior service when it comes to taking care of your insurance needs. Our online quoting application process has been trusted by thousands of homeowners like you who want a quick way to review and compare rates without any hassle. Our Pennsylvania licensed homeowners insurance professionals are here to help you compare multiple options and our convenient service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 or more different carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Lake Como insurance policy is best for you. Start your quote today by entering your Lake Como zip code for the home you would like to insure!

Average Lake Como Homeowners Insurance Premiums

Right now residence of Lake Como are paying on average around $64 per month which most homeowners pay annually for homeowners insurance so you are looking to pay around $767 per year. If we can help you shop rates and apply discounts and credits, premiums can range from cheaper prices around $517 per year to upwards of $1,067 a year depending on the overall replacement cost coverage amount needed to rebuild your home if a major peril were to occur. Insurance coverage on a home can be complicated, but we try to help make the shopping easy.

When it comes to homeowners insurance there are a number of different types that are designed to cover the specific type of housing you call home. Here are just a few home insurance coverage types available in Lake Como:

HO-3: A HO-3 policy is the most common type of homeowners insurance being written today. It offers coverage for all perils, excepting those that are specifically named in the policy as exclusions. Most policies for the city of Lake Como have a number of exclusions but the most common ones are flooding and earthquake damage.
HO-5: The HO-5 is considered a premium policy and offers broader coverage than the HO-3. It covers your home, other structures, loss of use and your personal belongings as an “all perils” policy, which means that you are covered from everything except exclusions listed in the policy. The big difference is that all of your personal property is covered under the all perils coverage while a HO-3 limits property damage coverage to specially named perils. HO-5 policies can be significantly more expensive.
H0-6: This type of policy is specifically written to cover people who live in a condo or a co-op building. This policy type will protect your belongings as well as any structural components of the building that you actually own. The walls of your condo or apartment are examples. HO-6 policies are listed perils policies which means they only cover the perils listed on the policy.

Facts About Lake Como Pennsylvania

The city of Lake Como Pennsylvania currently has 211 residents that call it home. This number translates into 91 households in the area and each household has about 3 people. The median household income is $38,125, which is very close to the national median and home prices in Lake Como average $198,600 making it a very affordable city to buy a house.

Compare Homeowners Insurance Rates in Lake Como, PA!

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Average Rates Nearby Lake Como

Are you looking for homeowners insurance in a city near Lake Como? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Lake Como, PA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Lake Como.

18437,

Lake Como, PA Home Insurance Average Premiums

Local Lake Como, PA home insurance quotes comparison

$517 /yr.

Shows Lake Como's lowest average rates with discounts applied.

For the city of Lake Como, 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)	$517 /yr.
Average Coverage:	$767 /yr.
2600 sq. ft. or higher (all discounts applied)	$1067 /yr.

What is the average home insurance cost for a home in Lake Como, PA?

• The average homeowners insurance premium paid annually for a home in Lake Como is around $767 per year.

What does it cost on average per month for home insurance in Lake Como, PA?

• Homeowners in Lake Como pay an average cost per month around $64.00 for insurance coverage.

Lake Como, PA - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$0	$0
February	$0	$0
March	$0	$0
April	$0	$0

Homeowners insurance will help cover the cost to repair or replace your Lake Como 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 Lake Como
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 Lake Como, PA homeowners insurance rates all in one place!

Saving Money Tips on Lake Como Home Insurance

A great way to save money on Lake Como 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 Lake Como area? Check out what homeowners are paying on average for Pennsylvania homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
1467 ft.	This is the average home elevation in Lake Como, PA	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 Pennsylvania 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 Lake Como, 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 Wayne County.

Pennsylvania Homeowners Insurance News & Information

2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025
While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future. According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]
Economists Top 5 Housing Predictions for 2025 Posted on Monday 6th January, 2025
Housing costs are currently sky-high, regardless of whether you are renting or in the market to buy a home. According to the latest data from the U.S Cenus, the median sales price for a single-family home was $437,300, which is up from $426,800 a month prior. On the rental front, the median price for rent […]
Do homeowners insurance policies have loopholes? Posted on Monday 30th December, 2024
Homeowners insurance is a necessity to help protect your home, but there can be coverage gaps that you may not be aware of which can leave you unprotected. Flood and earthquake damage along with mold and other issues are excluded from most standard homeowners insurance policies. Here are some common exclusions that could leave you […]
2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024
According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges. Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]
What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024
A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly. The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

Lake Como, PA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Lake Como 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 Lake Como, PA?

- The average square footage in Lake Como is around 1,460 Sq. Ft. which would cost you around $198,600 to replace the home if you base the home on the price to build per square foot of $136.

Minimum Replacement Cost Total: $198,600

Location: Lake Como, Pennsylvania (Wayne County)

Average Building Cost Per Square Foot in Lake Como: $136 (low end)

Average Square Footage in Lake Como: 1,460 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$136	$198,600
Some Additional Upgrades	$170	$248,250
Major Home Updates or Advancements	$204	$297,900

Calculate Your Lake Como, PA Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($136) in Lake Como, Pennsylvania 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 $425,000 (Media price to build of $170 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.