We can Handle all of Your Insurance Needs

Let us find the right coverage for you

Bellefontaine Ohio homeowners insurance and rates- Alan Galvez InsuranceDo you know why insurance premiums are rising? Insurance companies use past events to predict future risk, and risk is shared. What that means is whether disaster strikes in Ohio or another state, insurers use pooled premiums to pay claims that help customers recover. In essence, the catastrophic damage caused by more frequent severe weather in recent years has caught up with us. 

What you can do

Understanding what coverage you have and why will help you control costs. The right coverage will mean the difference between devastation and recovery. Call us for clarity and ask how these tips might apply to you. 

Ways to help control your rates

You could opt for higher deductibles, but do so only if you can easily pay that amount if you need to file a claim.

Carefully decide whether to submit a claim. If you will only get a couple hundred back after the deductible is met, you may want to pay out of pocket. Filing a claim may affect your premium. 

Regularly review your policy with us to ensure you get the discounts you are entitled to and that you have the right endorsements. We do an annual account review for our auto and home   
  insurance clients to make sure you have the coverage you need and discounts you deserve. 

Understand that your credit score, claims history, and age/condition of your home will impact your rates. 

How to reduce the potential for a homeowners claim 

Perform regular maintenance to your home and make improvements.

Use working smoke detectors.

Clean your gutters and trim tree limbs away from your home.

When going out of town, turn off your water line.

Inspect your sump pump, and clear debris near external drains.

Replace the hoses on your washing machines every five years.

What’s not covered by homeowners’ insurance? 

Policies differ, but typical exclusions include damage from: 

Earthquakes

Flooding or water damage caused by sewer backup or basement leak

Power failure originating off your premises

Collapse


How does Ohio stack up against other states? 


9th lowest premiums in the U.S.  States with lower rates are: Arizona, Delaware, Nevada, Washington, Wisconsin, Utah, Oregon and Idaho

The latest data shows the average Ohio homeowners premium was $725, compared to the national average of $1,023.

Ohio’s average homeowners premiums went up by $53 in 2013, by $27 in 2014, and a $29 avg. increase is expected in 2015.


(sources for this article include the Ohio Department of Insurance (ODI) based on 2012 data, the most recent available from National Association of Insurance Commissioners (NAIC), and the  Ohio Insurance Institute (OII) based on 2014 NAIC data). 

Need to discuss your Marysville homeowners insurance or Dublin homeowners insurance? We're homeowners insurance specialists- call Alan Galvez Insurance at (937) 592-4871 or visit our homeowners insurance resources to request your quote.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Stay Up to Date on the Latest News


CONTACT INFO

Alan Galvez Insurance
134 W. Columbus Ave.
Bellefontaine, OH 43311

 (937) 592-4871

 info@galvezinsurance.com

Driving Directions

FOLLOW US