Louisville, KY Home Insurance
Insurance for Homeowners Across Kentucky
Home is one of the most important places to you and your family. It is where you can grow, learn, relax and plan for the future. Without a reliable home insurance policy, however, you could be stuck thinking about whether the next storm, fire or break-in will hurt you financially.
At Owens Insurance Agency, we work with homeowners across Kentucky to provide high quality policies tailored to your specific needs. Your home deserves the best coverage possible and we’re dedicated to helping you find the right fit.
What does home insurance cover?
A typical home insurance policy may include:
Dwelling Coverage: Dwelling coverage provides compensation for damages to the physical home and its attached structures caused by fire, wind, hail, lightning, smoke, theft, vandalism and more. Detached structures coverage is also available.
Personal Possessions Coverage: Personal belongings coverage provides compensation for loss of or damage to your personal items caused by fire, smoke, theft, vandalism and more.
Liability: Liability insurance covers bodily injury and property damage someone else may suffer on your home property.
Additional Living Expenses: Additional living expenses (ALE) cover expenses related to temporarily moving in case the home is rendered uninhabitable due to a disaster.
How much home insurance do I need in Louisville, KY?
Every homeowner’s insurance needs are different. In general, it is recommended that you carry enough home insurance to cover the total replacement cost value of your home.
The total replacement cost value of your home is not its market value. Instead, it is how much it would cost to completely rebuild the home after a disaster, including material and building costs. This amount also ties into home insurance’s 80% rule. When shopping for home insurance, you may have come across the “80% rule” in home insurance. This rule states that you should carry at least 80% of your home’s total replacement cost value in home insurance, otherwise you may have gaps in your coverage when it comes time to file a claim.
Insure Your Home Today
Don’t wait until disaster strikes to invest in your home’s safety. Call Owens Insurance Agency at 800-256-3575 or fill out an online quote form to get started.