Home Insurance in Bellingham
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Protecting Your Home With Bellingham, WA Insurance Coverage
The average home price in Bellingham, WA, is $440,300, so, understandably, you want to protect your greatest investment. Although the Bellingham area is a great place to live, you will still need your home covered against certain risks. There are a few natural threats. However, in the last 50 years, there have been five major extreme weather events (two blizzards and three high-wind thunderstorms). Such events can damage your home, and if you want to avoid paying for the damage out of pocket, you must enroll in a comprehensive home insurance plan.
Home insurance in Bellingham typically provides homeowners with the coverage to repair or replace their homes in the event of most types of damage. This coverage usually extends to damage stemming from fire, theft, vandalism and weather events such as wind, hail and lightning. As a resident of Bellingham, you will certainly want to protect your home from theft and vandalism. The Bellingham area ranked 153rdin the state for crime. which means its crime rate is considerably higher than the national average and higher than the Washington state average.
The rate of property crime in Bellingham, WA, is also higher than the national average. According to Neighborhood Scout, there were 4,873 property crimes, which translates to 52.80 property crimes per 1,000 individuals. Home insurance can provide coverage if your home or the property inside it is damaged.
What Does a Homeowners Insurance Policy Cover?
Coverage includes your kitchen appliances, heating and cooling systems, fences, garage and the structure of your home. Most plans cover swimming pools and recreational equipment, but some insurers may require you to purchase additional coverage for these items. VIU by HUB can help you find a policy that provides the coverage you need.
Before you settle on home insurance in Bellingham, it is important for you to understand how much coverage you can expect if you do need to file a claim. Some banks and mortgage lenders require you to purchase only enough insurance to pay off your mortgage loan, but in the event your home is destroyed, this minimal coverage may not be enough to rebuild. Often, rebuilding costs increase over time, and the cost of building materials and labor can result in you having to spend more money than you did when originally purchasing your home. For this reason, you may want to consider purchasing a replacement cost insurance policy instead of a cash-value policy, which is subject to depreciation.
Crime Affects the Cost of Homeowners Insurance
Although the risk of natural disasters in the Bellingham, WA, area is relatively low compared to other places in the country, the area does have a relatively high crime rate compared to other cities of the same size. The high crime rate may increase the amount you have to pay for home insurance in Bellingham. VIU by HUB can help you find a policy in your price range.
Having the right home insurance in Bellingham, WA, is important. With the right coverage, you won't have to worry about where you will live in the event of a disaster. VIU by HUB can help you compare home insurance quotes from multiple providers. This can help you find the right coverage at the right price.
This information is intended for general informational purposes only and is not intended to constitute legal advice.