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Purchasing homeowners insurance is a vital step in protecting your property and belongings from unexpected events such as fire, theft, or natural disasters. However, finding affordable coverage can be a challenge, especially in certain areas where insurance rates tend to be higher. In Wausau, WI, homeowners are lucky to have a variety of insurance companies to choose from, each offering different rates and coverage options.

When looking for cheap homeowners insurance in Wausau, WI, it’s important to compare rates from multiple companies to ensure you’re getting the best deal possible. Here, we will discuss the costs and reviews for five different insurance companies commonly used in Wausau, as well as the coverage options they offer.

1. State Farm

State Farm is a well-known insurance company that offers a variety of coverage options for homeowners in Wausau, WI. While rates can vary depending on the size and location of your home, State Farm is generally considered to be a reliable and affordable option for homeowners insurance. Customers often praise State Farm for its excellent customer service and claims process.

2. Allstate

Allstate is another popular insurance company in Wausau, WI, offering competitive rates and a range of coverage options for homeowners. Customers appreciate Allstate’s user-friendly website and mobile app, which make it easy to manage policies and file claims. While rates may be slightly higher than some other companies, Allstate is known for its comprehensive coverage options and excellent customer service.

3. American Family Insurance

American Family Insurance is a regional insurance company that offers homeowners insurance in Wausau, WI and surrounding areas. While rates may be slightly higher than some national companies, American Family Insurance is known for its personalized service and flexible coverage options. Customers appreciate the company’s commitment to customer satisfaction and loyalty discounts for long-time policyholders.

4. Progressive

Progressive is a well-known insurance company that offers homeowners insurance in Wausau, WI, as well as other types of insurance. Progressive is known for its competitive rates and easy online quotes, making it a popular choice among homeowners looking for affordable coverage. Customers appreciate Progressive’s user-friendly website and mobile app, as well as its responsive customer service.

5. Farmers Insurance

Farmers Insurance is another popular insurance company in Wausau, WI, offering a range of coverage options for homeowners. While rates may be slightly higher than some other companies, Farmers Insurance is known for its excellent customer service and claims process. Customers appreciate the company’s personalized service and discounts for bundling home and auto insurance policies.

When comparing insurance companies in Wausau, WI, it’s important to consider not only the cost of coverage but also the level of customer service and claims process offered by each company. By researching and comparing rates from multiple companies, you can find the best option for your specific needs and budget.

In addition to comparing rates and coverage options, it’s important to understand what is covered and not covered by homeowners insurance in Wausau, WI. Here are eight common things that are typically covered by homeowners insurance:

1. Dwelling coverage: This type of coverage protects your home and attached structures from damage caused by covered perils such as fire, theft, or vandalism.

2. Personal property coverage: This coverage protects your belongings inside your home, such as furniture, electronics, and clothing, from damage or theft.

3. Liability coverage: This coverage protects you from legal liability if someone is injured on your property or if you accidentally damage someone else’s property.

4. Additional living expenses coverage: This coverage helps pay for temporary housing and living expenses if your home is uninhabitable due to a covered peril.

5. Medical payments coverage: This coverage helps pay for medical expenses if someone is injured on your property, regardless of who is at fault.

6. Loss of use coverage: This coverage helps pay for additional living expenses if you are unable to live in your home due to a covered peril.

7. Other structures coverage: This coverage protects detached structures on your property such as a garage, shed, or fence from damage caused by covered perils.

8. Personal liability coverage: This coverage protects you from legal liability if someone is injured on your property or if you accidentally damage someone else’s property.

While homeowners insurance typically covers a wide range of perils, there are some things that are typically not covered by standard policies. Here are eight common things that are not covered by homeowners insurance in Wausau, WI:

1. Flood damage: Homeowners insurance typically does not cover damage caused by floods. To protect your home from flood damage, you may need to purchase a separate flood insurance policy.

2. Earthquake damage: Homeowners insurance typically does not cover damage caused by earthquakes. If you live in an area prone to earthquakes, you may need to purchase a separate earthquake insurance policy.

3. Sewer backup: Homeowners insurance typically does not cover damage caused by sewer backups. To protect your home from sewer backup damage, you may need to purchase a separate endorsement or rider to your policy.

4. Mold damage: Homeowners insurance typically does not cover damage caused by mold, unless it is the result of a covered peril such as a burst pipe. To protect your home from mold damage, you may need to purchase a separate mold insurance policy.

5. Termite damage: Homeowners insurance typically does not cover damage caused by termites or other pests. To protect your home from termite damage, you may need to purchase a separate pest control insurance policy.

6. Wear and tear: Homeowners insurance typically does not cover damage caused by normal wear and tear or maintenance issues. It is important to properly maintain your home to prevent damage that may not be covered by insurance.

7. Nuclear accidents: Homeowners insurance typically does not cover damage caused by nuclear accidents or radiation. To protect your home from nuclear accidents, you may need to purchase a separate nuclear insurance policy.

8. Acts of war: Homeowners insurance typically does not cover damage caused by acts of war or terrorism. In the event of war or terrorism, you may need to rely on government assistance or other forms of insurance coverage.

When purchasing homeowners insurance in Wausau, WI, it’s important to carefully review your policy to understand what is covered and not covered. By being aware of potential exclusions, you can make informed decisions about the type and amount of coverage you need to protect your home and belongings.

To help you make an informed decision about homeowners insurance in Wausau, WI, here are 16 common questions and answers:

1. What factors affect the cost of homeowners insurance in Wausau, WI?

The cost of homeowners insurance in Wausau, WI is affected by a variety of factors, including the size and location of your home, the age and condition of your home, your claims history, and the amount of coverage you need.

2. How can I lower my homeowners insurance premiums in Wausau, WI?

There are several ways to lower your homeowners insurance premiums in Wausau, WI, including bundling your home and auto insurance policies, raising your deductible, installing security devices in your home, and maintaining a good credit score.

3. What type of coverage do I need for my home in Wausau, WI?

The type of coverage you need for your home in Wausau, WI depends on your specific needs and budget. It’s important to carefully review your policy to ensure you have the right amount of coverage to protect your home and belongings.

4. Can I purchase additional coverage for specific perils in Wausau, WI?

Yes, you can purchase additional coverage for specific perils in Wausau, WI, such as flood insurance, earthquake insurance, or mold insurance. It’s important to consider your specific risks and needs when purchasing additional coverage.

5. How do I file a claim for homeowners insurance in Wausau, WI?

To file a claim for homeowners insurance in Wausau, WI, you should contact your insurance company as soon as possible after a covered loss occurs. Your insurance company will guide you through the claims process and help you get the compensation you need to repair or replace damaged property.

6. What is the claims process for homeowners insurance in Wausau, WI?

The claims process for homeowners insurance in Wausau, WI typically involves reporting the loss to your insurance company, providing documentation of the damage, and working with an adjuster to assess the extent of the damage and determine the amount of compensation you are entitled to.

7. Can I cancel my homeowners insurance policy in Wausau, WI?

Yes, you can cancel your homeowners insurance policy in Wausau, WI at any time. However, it’s important to consider the consequences of canceling your policy, such as losing coverage for your home and belongings.

8. Is homeowners insurance required in Wausau, WI?

While homeowners insurance is not legally required in Wausau, WI, most mortgage lenders require you to carry insurance to protect their investment. It’s important to have homeowners insurance to protect your home and belongings from unexpected events.

9. Can I change my homeowners insurance coverage in Wausau, WI?

Yes, you can change your homeowners insurance coverage in Wausau, WI at any time by contacting your insurance company and updating your policy. It’s important to review your coverage regularly to ensure you have the right amount of protection for your home and belongings.

10. What discounts are available for homeowners insurance in Wausau, WI?

There are several discounts available for homeowners insurance in Wausau, WI, including discounts for bundling policies, installing security devices in your home, maintaining a good credit score, and being a loyal customer.

11. How can I find the best homeowners insurance company in Wausau, WI?

To find the best homeowners insurance company in Wausau, WI, it’s important to compare rates and coverage options from multiple companies. You can also read customer reviews and ask for recommendations from friends and family members.

12. What should I look for in a homeowners insurance policy in Wausau, WI?

When looking for a homeowners insurance policy in Wausau, WI, it’s important to consider the cost of coverage, the level of customer service offered by the insurance company, and the amount of coverage you need to protect your home and belongings.

13. Can I insure a rental property in Wausau, WI?

Yes, you can insure a rental property in Wausau, WI with a landlord insurance policy. Landlord insurance provides coverage for the structure of the property, liability protection, and loss of rental income in the event of a covered loss.

14. What is the difference between actual cash value and replacement cost coverage in Wausau, WI?

Actual cash value coverage pays for the depreciated value of damaged property, while replacement cost coverage pays for the cost to repair or replace damaged property without deducting for depreciation. It’s important to carefully review your policy to understand the type of coverage you have.

15. Can I purchase homeowners insurance online in Wausau, WI?

Yes, you can purchase homeowners insurance online in Wausau, WI from many insurance companies. Online quotes make it easy to compare rates and coverage options from multiple companies to find the best deal for your specific needs.

16. How can I protect my home from common perils in Wausau, WI?

To protect your home from common perils in Wausau, WI, such as fire, theft, and severe weather, it’s important to maintain your home, install security devices, and purchase additional coverage for specific risks. By taking proactive steps to protect your home, you can reduce the likelihood of a covered loss and minimize the impact on your finances.

In conclusion, finding cheap homeowners insurance in Wausau, WI requires careful research and comparison of rates and coverage options from multiple insurance companies. By understanding what is covered and not covered by homeowners insurance, as well as common questions and answers about purchasing insurance, you can make an informed decision to protect your home and belongings from unexpected events.

Cheap Homeowners Insurance Rates in Wausau WI