Dover, NH Home Insurance
Dover home insurance protects your property from everything from severe weather to vandalism.
Dover, New Hampshire, is a charming suburban area with about 35,000 residents according to the latest U.S. Census data. Located in Strafford County, it's part of the state's picturesque Seacoast region. Dover has gone through a renaissance in recent years with new parks and small businesses as well as a new high school. Many state residents have moved to this fast-growing area for lower housing prices in the past decade.
Sperling's Best Places reports that the median home price in Dover is about $417,000. significantly above the national average. This booming market has seen an annual appreciation of nearly 15% as well as an increase of more than 100% over the past 10 years. In other words, when you purchase property in Dover now, it could more than double in value in the next decade. Consider comprehensive Dover home insurance to cover the full replacement or repair cost of your property.
Harsh winter weather is one of the primary issues for Dover property owners. Freezing temperatures, ice and heavy snow can take a toll on the structure of your home, leading to issues like burst pipes and damaged roofs. Most standard Dover home insurance policies pay for these issues, but you should read your coverage documents carefully to make sure you have the protection you need.
You may also want to consider adding flood insurance to your policy if you live in New Hampshire. Federal flood maps indicate an elevated risk for state residents, but standard homeowners insurance doesn't cover flood damage. If you decide to buy a flood rider based on the specific risk at your property, keep in mind that it usually takes 30 days to take effect.
According to NerdWallet, homeowners in Dover pay about $865 for an annual home insurance policy, which translates to about $72 per month. That's 52% less than the national average premium of $1,820 per year.
Factors that affect the cost of home insurance in New Hampshire include your credit score, your age and whether you have received tickets in the past. If you live in a neighborhood with a higher claim rate than average, you could pay more than another resident just a few streets over. Every insurance company has its own way of setting rates, which is why you can save money by comparing prices with VIU by HUB.
You don't legally have to buy home insurance in Dover, but if you have a loan on your home, you must adhere to at least the minimum coverage your mortgage company requires. Having homeowners insurance also prevents significant out-of-pocket costs to repair or replace your property in the event of an unexpected catastrophe.
Most standard home insurance policies have both dwelling and liability coverage. Dwelling insurance pays for a covered loss to the property itself and its contents. Liability insurance pays for the resulting legal and medical costs if someone outside your family experiences a serious injury at your home. You can also add policy riders to customize your coverage to fit your needs and lifestyle.
Find great rates on the Dover home insurance you need with VIU by HUB. We help you save by comparing quotes from multiple companies.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
