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Obtaining cheap homeowners insurance in North Canton, Ohio can be a challenging task, especially with the ever-changing insurance market. However, with the right research and knowledge, homeowners can find affordable rates that meet their needs and budget. In this article, we will discuss the costs and reviews for five different insurance companies in North Canton, as well as eight common things that are covered and not covered on a house depending on the locale. We will also address 16 common questions about homeowners insurance.

Costs and Reviews of Insurance Companies in North Canton, OH

1. State Farm Insurance

State Farm is one of the largest insurance companies in the United States, offering a wide range of insurance products including homeowners insurance. In North Canton, State Farm offers competitive rates for homeowners insurance, with an average annual premium of around $800 to $1,000. Customers have praised State Farm for its excellent customer service and claims handling process.

2. Allstate Insurance

Allstate is another well-known insurance company that provides homeowners insurance in North Canton. The average annual premium for Allstate homeowners insurance in the area is between $900 and $1,200. Customers have reported mixed reviews about Allstate, with some praising their rates and coverage options, while others have had issues with claims processing.

3. Nationwide Insurance

Nationwide is a popular choice for homeowners insurance in North Canton, with an average annual premium of $800 to $1,100. Customers have generally positive reviews about Nationwide, praising their competitive rates and comprehensive coverage options.

4. Progressive Insurance

Progressive is known for its competitive rates and user-friendly online tools, making it a popular choice for homeowners insurance in North Canton. The average annual premium for Progressive homeowners insurance in the area is between $700 and $1,000. Customers have reported positive experiences with Progressive, citing their easy claims process and helpful customer service.

5. Liberty Mutual Insurance

Liberty Mutual is another reputable insurance company that offers homeowners insurance in North Canton. The average annual premium for Liberty Mutual homeowners insurance in the area is around $900 to $1,200. Customers have given mixed reviews about Liberty Mutual, with some praising their rates and coverage options, while others have had issues with claims processing.

Common Things Covered and Not Covered on a House

1. Covered: Dwelling Coverage

Dwelling coverage is the most basic coverage included in homeowners insurance, which protects the structure of your home against damages caused by covered perils such as fire, wind, and vandalism.

2. Covered: Personal Property Coverage

Personal property coverage protects your belongings inside your home, such as furniture, electronics, and clothing, in case they are damaged or stolen.

3. Covered: Liability Coverage

Liability coverage protects you against lawsuits for bodily injury or property damage caused by you or your family members. This coverage also includes legal fees and court costs.

4. Covered: Additional Living Expenses

If your home becomes uninhabitable due to a covered peril, additional living expenses coverage will help pay for temporary housing and living expenses until your home is repaired or rebuilt.

5. Covered: Medical Payments Coverage

Medical payments coverage provides coverage for medical expenses if someone is injured on your property, regardless of who is at fault.

6. Not Covered: Flood Damage

Most homeowners insurance policies do not cover flood damage, which requires a separate flood insurance policy. North Canton is prone to flooding, so homeowners should consider purchasing flood insurance for added protection.

7. Not Covered: Earthquake Damage

Earthquake damage is not typically covered under standard homeowners insurance policies, so homeowners in North Canton may need to purchase earthquake insurance for additional coverage.

8. Not Covered: Wear and Tear

Normal wear and tear on your home, such as aging roofs or plumbing issues, are not covered by homeowners insurance. Maintenance and upkeep of your home are the homeowner’s responsibility.

Common Questions About Homeowners Insurance

1. What factors determine the cost of homeowners insurance?

The cost of homeowners insurance is determined by factors such as the location of your home, the age and condition of your home, the coverage limits and deductibles you choose, and your claims history.

2. Is homeowners insurance required by law in North Canton, Ohio?

Homeowners insurance is not required by law in Ohio, but most mortgage lenders require homeowners to have insurance to protect their investment.

3. How can I save money on homeowners insurance?

You can save money on homeowners insurance by bundling your policies with the same insurance company, raising your deductibles, improving your home’s security features, and shopping around for the best rates.

4. What is the difference between replacement cost and actual cash value?

Replacement cost coverage will pay to replace or repair your home and belongings at today’s prices, while actual cash value coverage will pay the depreciated value of your home and belongings.

5. What does personal liability coverage protect against?

Personal liability coverage protects you against lawsuits for bodily injury or property damage caused by you or your family members, both on and off your property.

6. How do I file a claim with my homeowners insurance company?

To file a claim with your homeowners insurance company, contact your insurance agent or company as soon as possible and provide them with all necessary information, such as the date and cause of the damage.

7. Can I cancel my homeowners insurance policy at any time?

You can cancel your homeowners insurance policy at any time, but you may be subject to cancellation fees and penalties. It’s important to have a new policy in place before canceling your current policy.

8. What is the difference between named perils and open perils coverage?

Named perils coverage only protects against specific perils listed in your policy, while open perils coverage protects against all perils except those specifically excluded in your policy.

9. Does homeowners insurance cover home renovations?

Home renovations are typically not covered by homeowners insurance, so you may need to purchase additional coverage or a separate policy for your renovation project.

10. How often should I review and update my homeowners insurance policy?

It’s recommended to review and update your homeowners insurance policy at least once a year to ensure that it still meets your needs and provides adequate coverage for your home and belongings.

11. What is the difference between replacement cost and market value?

Replacement cost is the amount it would cost to replace or repair your home and belongings at today’s prices, while market value is the amount your home would sell for on the open market.

12. Does homeowners insurance cover home office equipment?

Home office equipment is typically covered under personal property coverage, but there may be limits on coverage for business-related items. You may need to purchase additional coverage for your home office equipment.

13. Can I add additional coverage to my homeowners insurance policy?

You can add additional coverage to your homeowners insurance policy through endorsements or riders, which provide extra coverage for specific items or perils not covered under your standard policy.

14. What is the difference between actual cash value and replacement cost?

Actual cash value coverage will pay the depreciated value of your home and belongings, while replacement cost coverage will pay to replace or repair your home and belongings at today’s prices.

15. What is the claims process for homeowners insurance?

To file a claim with your homeowners insurance company, contact your insurance agent or company as soon as possible and provide them with all necessary information, such as the date and cause of the damage. An adjuster will assess the damage and determine the amount of the claim.

16. How can I find the best homeowners insurance policy for my needs?

To find the best homeowners insurance policy for your needs, compare rates and coverage options from multiple insurance companies, read customer reviews, and work with an insurance agent to tailor a policy that meets your specific needs and budget.

In conclusion, obtaining cheap homeowners insurance in North Canton, Ohio is possible with the right research and knowledge. By comparing rates and coverage options from different insurance companies, homeowners can find affordable policies that meet their needs and budget. Understanding what is covered and not covered on a house, as well as common questions about homeowners insurance, can help homeowners make informed decisions when purchasing a policy. With the right information and guidance, homeowners can protect their investment and have peace of mind knowing that their home and belongings are covered in case of unexpected events.

Cheap Homeowners Insurance Rates in North Canton OH