Are you wondering how much home insurance in Sacramento is? The average cost for homeowners insurance in Sacramento is around $890 annually. In California the average cost for home insurance is $1,200 per year, which makes Sacramento about mid way down the Golden States charts. Please keep in mind these are just averages. The cost of your home insurance policy will depend of a few different factors such as the age and condition of your home, the size of your home and other characteristics, the location or zip code, special features and security features.
What does home insurance in Sacramento cover?
Your home insurance policy in Sacramento will cover the structure of your home, the contents, liability and detached structures. What’s inside your home such as furniture, electronics, clothing, valuables, appliances and more will be covered up to the limits in your home insurance policy.
Sacramento homeowners have a few major disasters to worry about such as earthquakes, floods and wildfires. Please keep in mind earthquakes and flooding are not included in your standard home insurance policy. If these are risks you’re concerned with you may want to look into earthquake insurance or flood insurance depending on the natural disaster that is common in your area.
Wildfires are another risk that have become more and more common in California. Although, fire and smoke are two of the covered perils a standard home insurance policy will cover, living in an area prone to wildfires may be difficult to get your typical policy. In situations like these we have been offering the California FAIR Plan and Differences in Conditions insurance.
How much home insurance do I need in Sacramento?
The amount of homeowners insurance you need will depend on your individual needs as a homeowner. The size of your home and the amount it would cost to rebuild it will play a role in how much home insurance you will need.
The cost of building materials and labor should also be taken into consideration. If you have special features such as a pool or gazebo there is a good chance you will be looking at a higher rate on your homeowners insurance.
Overall, you will want to insure your home with enough homeowners insurance to completely rebuild your home if the worst were to happen. This amount may not be the same as the market value of the home. It will more than likely be closer to the construction costs in your area.
What is recommended for home insurance in Sacramento?
Homeowners insurance isn’t required by a state mandate. Although, if you have a mortgage attached to the property your mortgage company will probably want you to have home insurance on the home before the loan is funded.
Even if though home insurance is not a state requirement it’s always a wise investment. Our homes are one of the largest purchases we will make in our life time making safeguarding it from disaster so important. Home insurance is a very small investment that will cover you for very serious disasters such as fire, smoke, vandalism, theft, wind and more. Home insurance will also cover you for liability issues, so if someone is hurt on your property and sues you, you will be covered.
What are some other coverages you may want to consider in Sacramento CA?
Your standard home insurance policy will only cover you for a specific amount of perils. You can find out what the cop red perils are in your home insurance policy by asking one of our wonderful home insurance agents for help. Below are a few common recommendations you may want to consider:
Flood insurance:
As we mentioned above flooding is not covered in a standard home insurance policy. If you live in an area prone to flooding you may want to consider purchasing a separate flood insurance policy.
Valuable items coverage:
When it comes to items of high value you are only covered up to a certain amount with your standard homeowners insurance policy. If you have items of great value such as valuable artwork, or jewelry you will want to consider adding an endorsement to your home insurance policy for additional coverage.
Home insurance discounts in Sacramento
One of the easiest ways to save money on your home insurance in Sacramento CA is to take advantage of homeowners insurance discounts. If you need help with home insurance discounts it’s best to speak with a professional agent like the ones at Eugene C Yates Insurance Agency. Our agents will check to see what you qualify for and find you the absolute best home insurance for your situation. Below are a few of the most common home insurance discounts:
Bundle multiple policies:
The first on the list and our favorite is bundling multiple insurance products to save money. If you have an auto, boat or other insurance product, you may be able to combine them with your home insurance policy to save a few bucks.
Loyalty discount:
If you manage to stay with the same home insurance company for a certain amount of years you may be in line for a home insurance discount.
Claims free home insurance discount:
If you have a history of zero claims, your home insurance provider may award you with a discount on your home insurance.
Sacramento CA home insurance quote
If you have additional questions about home insurance or would like a custom homeowners insurance quote, please contact us today at 916 313 6100