Broken Arrow Home Insurance
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Home Insurance For Your Broken Arrow Home Safeguards Your Financial Future
As the largest suburb of Tulsa, Broken Arrow is considered the place where the "South meets the West." Broken Arrow is a traditional Southern city located on the Arkansas River with plenty of charm and culture, but it also enjoys a rugged atmosphere common to the West. Almost 8% of workers in Broken Arrow telecommute because the community has offered incentives for remote workers to relocate to the area. Whether you're buying your first home or downsizing to a smaller home for retirement, use VIU by HUB to find the best rates on comprehensive Broken Arrow home insurance.
Demographics and The Economy of Broken Arrow
Broken Arrow has a population of about 117,000. making it the 4th largest community in Oklahoma. Its median home value is $239,000. Over 72% of residents own their home. Homes have appreciated in value by 13.9% over the past 10 years. The town fully supports education, as it hosts the largest high school in Oklahoma. It's estimated that almost 34% of the population has a bachelor's degree or higher, and only 6% of adults don't have a minimum of a high school diploma. The town has many amenities found in larger urban areas but maintains its small-town feel. Home insurance in Broken Arrow protects your home and gives you peace of mind to set down roots.
Risks Your Home Faces in Broken Arrow
The song says, "Oklahoma, where the wind comes sweepin' down the plain." Although the plains are hard to recognize in this suburb of Tulsa, Broken Arrow has had over 600 major wind events. from severe storms to strong tornadoes. These types of storms can damage roofs, windows and the exterior of your home. In addition, about 77% of Broken Arrow homes have a risk of wildfire over the next 30 years. Property crime is another risk in Broken Arrow. You have a 1 in 54 chance of becoming a victim of property crime. Your home insurance is a financial safeguard for when your home is damaged.
Why Home Insurance Is a Necessity in Broken Arrow, Oklahoma
Broken Arrow enjoys a lower cost of living than many cities, but it has a strong risk of storms that can damage your home. Coverage of home insurance policies varies, so you'll want to review your home insurance policy to understand what is covered and what isn't. A home insurance policy for your Broken Arrow home generally covers the following:
- Damage to property, your home and other outbuildings
- Personal assets
- Personal liability if someone were to get injured on your property
- Cost of temporary housing if your home becomes unlivable after a covered item
Flooding and earthquakes are usually not covered events because including them could increase the insurance rates more than the actual risk. If you have concerns about perils not covered by a general home insurance policy, ask about additional coverage.
Assess Your Home Insurance Needs
Home insurance in Broken Arrow averages $4015 annually. but you may pay more based on your credit score, the location of your home and its age. Oklahoma has some of the highest insurance rates in the United States, so it's important to compare rates to make sure you have the coverage you need at an affordable cost for your budget. With VIU by HUB, you can compare rates from multiple insurers to simplify the process of finding Broken Arrow home insurance.
This information is intended for general informational purposes only and is not intended to constitute legal advice.