Nebraska doesn't require you to have homeowners insurance. However, many Nebraskans carry it to protect themselves from the financial dangers caused by extreme weather, theft, and other problems. Look for discounts when you shop for homeowners insurance as insurers offer all sorts of discounts.
Buying homeowners insurance doesn't need to be a hassle or cost you a lot of money. The most important thing is to make sure you get the coverage you need at a great price. You'll be glad you have protection when something happens to your property.
Comparing Nebraska Home Insurance Rates
Nebraska homeowners insurance rates can vary quite a bit depending upon several factors. Many parts of the state deal with extreme weather like thunderstorms, hail, and tornadoes. Some areas of the state have problems with crime. You will pay extra if your insurer thinks you and your property are risky, however, every insurance company determines risk differently. Some companies will think you're more risky than other companies and in turn, charge you more. You'll benefit from shopping around for homeowners insurance.
Keep in mind that there are many ways you can save on Nebraska homeowners insurance. Some insurers will give you a discount for being a loyal customer. You can also get a discount for affixing an impact resistant roof to your house. This type of roof will stand up to Nebraska's hailstorms. You can even save money on your policy just by paying your premium in full up front instead of monthly payments.
Nebraska's Natural Disasters
Nebraska residents deal with a lot of extreme weather. Tornadoes, thunderstorms, flooding, and massive hailstorms hit the state every year. The state experiences over 50 tornadoes a year, and since 1916, twisters have killed over 100 people. On top of that, Nebraskans live with snowstorms and occasional dust storms. Homeowners insurance protects you from potential major damage.
You should also consider flood insurance. You cannot buy flood insurance from traditional insurance companies, as they think it's too risky. Happily, Congress created the National Flood Insurance Program in 1968. It's a federal program that sells flood insurance. It's supposed to defend families against flood damage caused by heavy rain and snowmelt. The Federal Emergency Management Agency (FEMA) operates NFIP.
Frequently Asked Questions About Nebraska Home Insurance
Nebraska homeowners insurance can be very confusing. At first, it's difficult to know what all the terms and conditions mean. Luckily, homeowners insurance doesn't have to remain a mystery. It's not too complicated once you know the answers to some of the basic questions.
1. What is a percentage deductible?
A percentage deductible is based on the insured amount of your home. For example, if your home is insured for $100,000 and your deductible is 2 percent, your deductible will cost $2,000.
2. Does homeowners insurance pay medical bills?
Your medical payments insurance pays for other people's medical care if they're injured on your property. However, this coverage will not pay for you or your family to get medical care.
3. How much coverage does personal property insurance provide?
Personal property insurance usually provides protection up to 50 percent of your property's insured value. You should buy extra coverage if your personal property is worth it.
4. What happens if you don't pay your homeowners insurance bill?
If you don't make a payment, your insurer can cancel your homeowners insurance policy. Many people pay their premium through their mortgage lender as part of their loan payment because it's simple and easy. However, you need to make sure that your lender pays your premium because it's ultimately your responsibility.
5. When does a National Flood Insurance Program plan become effective?
In most cases, NFIP plans are effective after 30 days. Visit the NFIP website for additional information.
How to Get Great Rates on Nebraska Home Insurance
Has it been a while since you shopped for homeowner’s insurance? Is so, loyalty doesn’t always pay because prices vary from insurer to insurer. Another company may offer you a much better deal. Looking for home or renter’s insurance quotes? insuranceQuotes.com can help you find the best homeowner’s or renter’s insurance policy at the best price. Every year, we match 15 million consumers to the nation’s biggest home insurance companies, including Allstate, State Farm and Farmers.
Nebraska Home Insurance Resources
Want to learn more about Nebraska insurance? Here are some resources that may help.
Nebraska Department of Insurance
Provides consumer information on Nebraska insurance rules and regulations, consumer alerts, and more
NE Insurance Consumer Information
Getting Smart About Insurance brochure
Nebraska Insurance Laws
A comprehensive listing of the sections of Nebraska legal code pertaining to insurance