Bicknell Homeowners Insurance

Once a booming mining town, Bicknell, IN, is now a great place to raise a family or retire. This small city has a lot to offer its nearly 4,000 residents including affordable housing, three city parks, annual festivals, and a low crime rate. If you own a house in this tight-knit community, you can protect your investment with a suitable homeowners insurance policy.

When you are looking for the best insurance coverage for your Bicknell home, a local independent agent can help. These agents work with a variety of top-rated insurance companies so they can help you find a solid policy at a great price. Contact an insurance agent near you to learn more.

How Much Does Homeowners Insurance Cost in Bicknell, IN?

The average homeowners insurance rate in the state of Indiana is lower than the national average. This is great news for Bicknell property owners who are looking for affordable home coverage.

• National average yearly premium: $1,211
• Indiana average yearly premium: $1,000

Your actual home insurance cost is likely to differ from the average rate listed above because rates are calculated on a case-by-case basis. Your quoted price can be based on several factors such as the following.

• The age, size, and value of your home
• The type of house you are insuring (e.g. single-family home, mobile home, condo, rental property, vacation home, etc.)
• The crime rate and weather risks where your house is located
• Your claims history and credit score
• The size of your deductible

If you bundle your home insurance with other coverage like car insurance or life insurance, you can usually receive significant discounts on all your bundled policies.

Comparing homeowners insurance quotes from a few competing providers can help you be sure you are getting the coverage you want at a great price. Independent insurance agents make comparison shopping easy.  

What Are the Risks Faced by Homeowners in Bicknell?

Your home insurance policy is designed to cover against damage caused by most of the risks you may face as a homeowner in Bicknell.

Common catastrophic events in Indiana

• Number of federally declared disasters in Indiana: 51
• Most common causes of disasters in the state: Severe storms, floods, and snow
• Average number of tornadoes per year in Indiana: 22
• Homeowners insurance claims paid out in IN in 2019: $1 billion
• 1 in 15 insured homes has a claim each year

You can expect your policy to include coverage against potential hazards such as accidental fires and severe weather events like electrical storms, windstorms, tornadoes, hail, heavy snows, and ice accumulation.

A Word about Flood Insurance in Bicknell

It is important to be aware that homeowners insurance does not cover against flood damage. However, when heavy rains fall, drainage systems can be overwhelmed and flash flooding can occur just about anywhere in this city, even outside of designated flood zones.

According to FEMA, as little as one inch of rainwater in your home can result in as much as $25,000 in property damage so supplementing your home insurance coverage with a flood insurance policy may prove quite beneficial.

A local independent agent can help you evaluate your flood risk and, at your request, can set you up with an affordable flood insurance policy through the National Flood Insurance Program (NFIP). Flood insurance policies take 30 days to go into effect, so do not wait until heavy rains are looming to purchase a policy.

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What Is Loss of Use Insurance?

A major catastrophe like a tornado or a structure fire has the potential to cause significant damage and leave your home uninhabitable. Fortunately, in addition to paying to repair or replace your property, homeowners insurance offers what is known as loss of use insurance.

Loss of use insurance covers your temporary living expenses such as hotel or rental accommodations, meals, and additional mileage to and from work if you must seek alternative housing while your home is being repaired following a covered event.

Why Is Liability Insurance Important for Bicknell Homeowners?

In addition to covering your house and personal property, homeowners insurance also provides you with personal liability protection.

Homeowners liability insurance covers expenses such as court costs, legal defense fees, settlements, judgments, and other financial damages if you or someone in your household unintentionally causes injuries, property damage, or financial losses to others.

Examples of times that you might need your homeowners liability insurance include the following.

• If a neighbor’s child is seriously injured in an accident while playing in your yard
• If your dog gets out of your house and bites someone
• If someone accuses you of libel or slander

Insurance companies typically offer between $100,000 and $300,000 in homeowners liability insurance. If you want more liability coverage than your home insurance can provide, a local independent agent can also help you obtain an affordable umbrella insurance policy.

Does Bicknell Homeowners Insurance Cover against Burglaries?

The burglary rate in Indiana is only slightly higher than the national average. But in Bicknell, the risk of property crimes is lower. This helps to keep homeowners insurance rates affordable in this city.

• Number of burglaries per 1,000 homes in the US: 3.76
• Number of burglaries per 1,000 homes in Indiana: 3.78
• Number of burglaries per 1,000 homes in Bicknell: 1.41

If your property is targeted by burglars, you may gain some peace of mind in knowing that your homeowners insurance can reimburse you for your losses as well as for any property damage the burglars may have caused to your house.

An independent insurance agent can help you be sure that all of your most valuable property is suitably covered.

Why Work with an Independent Insurance Agent in Bicknell, IN?

When you are looking for the best and most affordable coverage for your Bicknell home, local independent agents can help. These agents can answer your insurance-related questions and provide you with trustworthy guidance and advice.

Because they are free to work with several competing insurance providers, independent agents can quickly present you with a variety of customized quotes. That way, you can choose the policy that offers the coverage you want at the lowest price. Contact an insurance agent near you to get started.