Home Insurance in Omaha, NE
Being a responsible homeowner means having a policy home insurance in Omaha, protecting you from the financial burden of repairing or replacing your home after certain perils.
Omaha is the largest city in Nebraska with just over 485,000 residents. It's no surprise to find so many Omahans when you consider the major businesses that have operations here. Four Fortune 500 companies are headquartered here, including Berkshire Hathaway, Kiewit Corporation, Mutual of Omaha and Union Pacific Railroad. Other major employers in Omaha include TD Ameritrade, the Gallup Organization and Werner Enterprises, among others. Professionals of various backgrounds can build their careers here in Omaha.
The cost of living in Omaha is lower than the national average in almost every cost of living factor, especially in housing. The median household income is over $65,000, greater than one-third the median property value of $177,700. Money goes further in Omaha than many other large cities, but not everyone can afford to replace a home that is three times their annual salary. Having home insurance in Omaha can spare you from having to pay hundreds of thousands of dollars to rebuild your residence.
If you're financing your home through a mortgage, your lender will likely require you to carry home insurance in Omaha. Even without a mortgage, you should be aware of local threats that can significantly damage your residence and its contents. Omaha experiences severe weather such as tornadoes, hailstorms and high winds that can compromise the integrity of your dwelling. Omaha's property crime rate is also higher than the national average. Your insurance policy can also cover the cost of replacing most items stolen from your converted warehouse in Benson or your art deco home in Old Market.
Typically, home insurance in Omaha will provide these protections :
Home insurance is usually only limited to certain covered perils, which usually doesn't include flooding and earthquakes. You may need to purchase a separate policy or see if coverage is available as an add-on. When you compare rates with VIU by HUB, you can be sure that you're comparing apples to apples when it comes to coverage.
The premium is the amount of money you pay for insurance. Omahans, on average, pay $2,929 annually for full coverage on a $250,000 property. This is a little less than the state average but more than the national average of $1,428. These factors will determine your premium:
The way your policy is structured can impact your premium. If you're willing to pay a higher out-of-pocket contribution on a claim (known as a deductible), you can lower your premium. You may also qualify for several discounts that can mitigate factors that would raise your rates. With VIU by HUB, you can not only shop for the best rates but also make sure that you're getting the right coverage for your home and your household. Get started on a better plan for home insurance in Omaha today.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
