Home Insurance in Bowling Green, KY
With VIU by HUB you won't pay more than you have to for the coverage you need from home insurance in Bowling Green, KY.
With a population of just over 72,000, Bowling Green is neither too small nor too large. With median home prices hovering around $280,000. which is significantly lower than the national average, over a third of the residents own their own homes.
Bowling Green has a rich history that is proudly displayed throughout this charming mid-size city. It was named one of the Dozen Distinctive Destinations by the National Trust for Historic Preservation in 2006. You can visit the Hobson House, an Italianate Victorian home dating back to 1850, the Fort Webb historical Civil War site or the Railpark and Train Museum. Additionally, there are four designated historic residential districts within the city.
There is a lot to do in Bowling Green regardless of your interests. Adventure enthusiasts can take a boat trip into the Lost River Cave. Car lovers won't want to miss the National Corvette Museum. Those looking for a more laid-back afternoon can picnic with other families at the picturesque Fountain Square Park in the heart of the city.
Bowling Green is home to Western Kentucky University bringing a young, upbeat vibe to this charming historic town. The Southern Kentucky Performing Arts Center hosts professional theatrical events and concerts on an ongoing basis and eclectic art galleries are sprinkled throughout the city.
Although the state of Kentucky does not require homeowners to carry home insurance, many lenders do. Regardless of requirements, it is always a good idea to protect yourself with home insurance in Bowling Green, KY, as a house is the largest financial investment most people will ever make.
Typically, a standard home insurance policy will protect your home's structure, attached structures and personal property and provide a safeguard against the financial impact of accidents that occur on the property. If you have special concerns such as owning high-value items or extensive additional dwellings on your property, additional coverage is available.
What kind of policy you need and the cost of insurance will be affected by many factors including these:
To find the best coverage for your home at the lowest cost, it is crucial to compare rates and coverage between several reputable providers.
On average, homeowners in Bowling Green pay around $2,000 a year for a $250,000 home. This is lower than the state average but much higher than the national average.
The most significant cause for the high costs of home insurance in Bowling Green, KY is related to the year-round incidences of extreme weather events in the area, including:
Additionally, 14% of Bowling Green properties have a 26% chance of experiencing severe flooding in the future. To protect against flooding, homeowners will need to pursue flood insurance from FEMA's National Flood Insurance Program. This will add to homeowners' overall home insurance costs.
Insurance costs also reflect the property crime rates in Bowling Green, which comes in at 38.31 for every 1,000 residents. This is more than double the state or national average.
Home insurance rates can vary widely. The best way to find the right policy at the right price is to compare rates and coverage with a reputable service like VIU by HUB.
This information is intended for general informational purposes only and is not intended to constitute legal advice
