Home Insurance in Huntington, WV
Whether sleeping at home or away on vacation, you'll rest easier when you have quality home insurance in Huntington, WV.
Huntington, WV, is nestled in the Appalachian region and is full of incredible natural beauty that attracts people from all over to its national parks. Residents of the area know there's more to the city than that, though. Nearly 47,000 people also enjoy the shops, restaurants and entertainment in the downtown area.
Beauty is just part of the picture. People also enjoy living costs 21% below the national average and a thriving job market. The city's job growth rate is 7.2%. with new opportunities coming along often. While most residents drive their vehicles to work, there is also public transportation, making it easier to get around town.
The median home value in Huntington is $106,100, more than $200,000 lower than the national median value. Furthermore, appreciation is up by 11%, so buying in the area is a solid investment.
Of course, you must protect your investment with home insurance in Huntington, WV. The average cost of home insurance in the nation is $1,582 per year. It is slightly more affordable in Huntington at an average of $1,424 per year. You can compare quotes on VIU by HUB.
Home insurance in Huntington, WV, provides four main types of coverage. Most importantly, it protects your home's structure. If your house is damaged in a covered disaster, your policy pays to repair or rebuild it. However, floods, earthquakes and routine maintenance are not covered by standard policies.
If you need to rebuild and can't live in your home until construction is complete, your policy covers additional living expenses like hotel bills or restaurant meals. Most insurers require you to pay out of pocket and then reimburse you. They also have strict daily limits you must adhere to.
Your insurance policy covers your belongings, too. It typically pays 50-70% of your total coverage. This part of your policy also covers you outside the home. For example, you can file a claim if you lose a diamond bracelet at the grocery store.
The final part of a home insurance policy is liability protection. If someone is injured on your property, liability pays for their medical bills and protects you if they file a lawsuit. It also covers you if you damage someone else's property and need to replace it.
Risk factors help insurers determine how much your premium will cost. First, they consider your home. They'll look at how old it is, whether it has been well-maintained, whether it has updated safety or security features, and what material it's made from.
They also consider your history. Have you ever filed a home insurance claim? Do you have a good credit score? Insurers want to provide policies to people they know are responsible and may charge you more if you have past claims or poor credit.
Finally, insurance agencies consider crime and climate. Unfortunately, Huntington's property crime rate is much higher than the national average at 60.9 on a scale of 1-100, with 100 being the highest crime. Couple that with the above-average rain it gets and the tendency for mountain areas to flood, and you'll likely find yourself paying a bit more for coverage.
Searching for the right home insurance in Huntington, WV, can be overwhelming if you don't have the right tools. Luckily, VIU by HUB has everything you need. Use the quick comparison tool to find multiple insurers in your area and choose the policy that best meets your budget.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
