Plymouth, MN Homeowners Insurance

The Minneapolis suburb of Plymouth is home to more than 78,000 people. This city’s low crime rate, excellent schools, and lovely parks make it a great place to raise a family. If you are among the proud homeowners in this Minnesota city, you will want to be sure that your investment in your house is protected by a solid home insurance policy.

Independent insurance agents can help you get the best and most affordable insurance coverage for your Plymouth home. Find an agent near you to learn more and start comparing homeowners insurance quotes.

Cost of Homeowners Insurance in Plymouth, Minnesota

Minnesota is the 13th most expensive state for home insurance in the US. In the affluent city of Plymouth, where property values are higher than in most of the state, the average rate for coverage is even higher. 

• National average yearly premium: $1,173
• Minnesota average yearly premium: $1,323
• Plymouth average yearly premium: $1,818

You can expect your actual home insurance quotes to be different from the amount shown above. This is because your rates are calculated individually base on a number of factors ,including: 

• The size, age, and value of your house and the number of occupants living in it
• The number of stories in your home, the materials used in its construction, and the age of your roof
• Your credit score
• The amount of your deductible
• Whether you are bundling your coverage with other policies like car insurance, renters insurance, or business insurance

Each insurance company has its own way of calculating rates, so comparing quotes lets you choose the homeowners policy that offers the best value for your hard-earned money. Independent agents in Plymouth make comparison shopping easy.

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Burglary Rate in Minnesota

• Number of burglaries per 1,000 homes in the US: 4.69
• Number of burglaries per 1,000 homes in Minnesota: 3.37
• Number of burglaries per 1,000 homes in Plymouth: 2.37

The burglary rate in Minnesota is lower than the national average; in Plymouth, the rate is even lower. Of course, this does not mean that the risk is nonexistent. Residents of this city report nearly 200 burglaries every year. 

There are many precautions homeowners can take to lower their chances of a burglary. Having a burglar alarm is one of the best ways to deter a thief who is eyeing your property. This is why most homeowners insurance companies offer discounts to policyholders who have installed home security systems.

It may provide you with some comfort to know that your home insurance can reimburse you for your losses following a burglary. If necessary, your independent insurance agent can provide you with assistance throughout the claims process.

Catastrophic Events in Minnesota

• Number of declared disasters in Minnesota: 60
• Average number of tornadoes per year in Minnesota: 41.9
• Average amount of property damage per year in MN: $897,178,000
• 1 in 15 insured homes has a claim each year.

Your homeowners insurance policy is designed to cover you against many of the hazards you are likely to face in Plymouth. This includes everything from accidental fires to freezing pipes to severe weather events. An independent agent can help you review your structure and contents coverage limits so you can be sure that they are high enough. 

Some homes in Plymouth are also prone to flash flooding. Homeowners insurance policies that include backup of sewage and drains insurance can provide coverage in some cases. In others, a flood insurance policy is needed for you to be covered. Be sure to talk to your independent agent about getting the proper coverage against potential flood damage to your house.

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Liability Insurance for Plymouth Homeowners

Your home insurance also provides you with personal liability coverage. Most people never need to use their homeowners liability insurance, but when they do, this coverage can prove very valuable.

Liability insurance is designed to cover associated court costs, legal defense fees, and damages if you are sued for a covered event. Examples of times when your homeowners liability coverage can help you include third-party injuries on your property, damage or injuries caused by your pets, and charges of libel and slander.

Many residents of Plymouth have a lot to lose. Supplementing your coverage with an umbrella policy provides you with additional liability insurance. This enables you to thoroughly protect your savings and other assets. An independent agent can further explain your liability insurance options.

Second Home and Vacation Home Insurance

Some residents of Plymouth own more than one home. If you are among them, you will need to insure all of your properties with appropriate policies. A house that is not your primary residence has additional risk factors that insurance companies will take into consideration.

 A vacation home that is left unoccupied for several months out of the year has an increased risk of property damage, and you may need to consider vacant home insurance . Second homes that are occupied by tenants have higher liability risks. If you are renting out a home, you will need to cover it with a landlord insurance policy.

Your local independent agent can help you find the best and most reasonably priced policies to cover all of your properties.

Why Work with an Independent Insurance Agent?

The easiest way to find a reliable homeowners insurance policy at the best price is to work with an independent agent. These agents work for you, not for a particular insurance company, so you can be sure that you are getting the coverage you need at a price you can afford.

Independent agents in Plymouth are ready to help. Contact an agent near you to start comparing customized home insurance quotes.