Home Insurance in Boise
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Stay Protected With Home Insurance in Boise
Idaho's capital city, Boise, is currently home to over 240,000 people and is growing at an approximate annual rate of .7%. With an expanding assortment of restaurants appealing to foodies and a plethora of outdoor activities for nature lovers, the "City of Trees" offers lots of entertainment options for residents at a slower pace than the typical big city.
The climate in Boise varies greatly throughout the year, offering residents the opportunity to experience all four seasons. With winter temperatures topping out in the mid-40s, the cold season is brutal. However, the hot season is brief, with temperatures in the low 90s during July and August, and the rest of the year remaining mild and comfortable.
With median home values in the area exceeding $460,000 on an average per capita income of $42,814, housing represents a significant investment for the typical citizen. Wherever your home is within the city, you should definitely protect your assets by acquiring reliable home insurance in Boise.
Costs of Home Insurance in Boise
Home insurance costs are impacted by a multitude of factors. In Boise, you can expect to pay average annual premiums of $1,095. While this is slightly above the state average, it is significantly lower than the national average. VIU by HUB can assist in finding the best area rates by offering a comparison of providers in the Boise area.
Boise's risk of natural disaster is somewhat high, with extreme wildfire and moderate earthquake risks. The area has experienced seven federally declared disasters, mostly related to wildfires, with an 87% risk index of this type of emergency occurring. This likelihood of expensive severe weather events could definitely contribute to the higher insurance premiums.
However, Boise's crime risk is only 4%. which indicates a low probability that the typical resident will experience property crime in the area. Property crime contributes significant expense to insurance agents, and they charge higher premiums for areas that experience a higher frequency of damages due to illegal activity. The high safety index in Boise helps to temper the insurance rates.
Typical Home Insurance Coverage
Home insurance policies provide financial protection in the event of an emergency situation. Your policy will cover a variety of perils, but coverage varies, and you should not assume that every event is included under your insurance. The typical policy covers the following perils:
- Lightning strikes, hail, and wind
- Ice, sleet, and snow
- Explosion, fire, and smoke
- Theft, vandalism, and malicious mischief
- Damage from vehicles or aircraft
What is Not Covered
It is important to understand issues that are excluded from your specific insurance policy. Generally, home insurance providers offer the opportunity to add coverage for specific issues that are not included under the primary policy. Flood insurance is typically excluded. Earthquakes are another issue that usually requires additional coverage. Homeowners are also expected to provide routine maintenance to their houses, as insurance policies do not cover damage related to negligent home upkeep.
Finding Affordable Home Insurance
Every homeowner has a unique set of needs and resources, which should be addressed with a unique policy of home insurance in Boise. If you are unsure where to start in your search for the right policy, VIU by HUB can help you compare rates and find the best coverage for your budget.
This information is intended for general informational purposes only and is not intended to constitute legal advice.