Cheap Homeowners Insurance Berkeley

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cheap homeowners insurance berkeleyBerkeley is located on the east shore of  San Francisco Bay and has historically been identified with the rapid social changes, civic unrest, and political upheaval of the late 1960s. Berkeley housing costs have been on the rise since the mid-1990s. It slowed down a bit in 2005–2007, but the median home prices remain dramatically higher than the rest of the nation. The median home price in Berkeley is $719,500, which is 310% higher than the national average. The cost of living in Berkeley is 82% higher than the national average, so if you own a home here it is very important to understand how much insurance you need according to the special features of the city. This will help you get the best cheap homeowners insurance Berkeley has available.

The overall crime rate in Berkeley is 87% higher than the national average, and property crime is 87% higher than the state average and 97% higher than the national average. On the plus side though, the property crime rate has fallen significantly since 2000. Crime rate will impact the cost of homeowners insurance, as will the specific geological traits of Berkeley.cheap homeowners insurance berkeley 2

A major branch of the San Andreas Fault, the Hayward Fault Zone, runs through Berkeley, increasing the likelihood of  an earthquake of magnitude 6.7 or greater within the next 30 years. Cracked roadways are even visible at various locations in Berkeley. Like much of the Bay Area, Berkeley has many areas of flood risk, especially in the flat areas closer to the shore. Adding flood and earthquake insurance to your homeowners policy is a good idea if you live in Berkeley, and well worth the added peace of mind.

About Homeowners Insurance in Berkeley

Since each homeowner is an individual, not every person will want the same coverage. However, there are certain aspects to homeowners insurance that are necessary. Most policies generally cover
the following:

  • cheap homeowners insurance berkeley 3Damage to your home, such as permanent structures being destroyed by fire.
  • Damage to personal property, including items in your home being damaged that are not permanent structures.
  • Liability Coverage, which can be useful in legal matters or if there is an accident at your residents.
  • Limited Coverage for theft, which covers things such as stolen jewelry or other expensive property.

California has many cheap homeowners insurance carriers to choose from and premium rates are largely based on who is providing the coverage. This means it pays to take the time to shop around for the best coverage on cheap homeowners insurance Berkeley has to offer.