Cheap Homeowners Insurance Burbank

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cheap homeowners insurance burbankBurbank is known as the “Media Capital of the World” and is one of the largest providers of services to the entertainment industry outside of Hollywood. Located just 12 miles northwest of downtown Los Angeles, Burbank is home to many employees of the motion picture, digital cinema and television studios located in the area. The cost of living in Burbank is 16% higher than the California average, and the median monthly income is $95,088 for those who own their own homes. If you own a home here it is very important to understand how much insurance you need according to the special features of the area. This will help you get the best cheap homeowners insurance Burbank has available.

cheap homeowners insurance burbank 2The overall crime rate in Burbank is 13% lower than the California average and is 7% lower than the national average. Property crime is 4% lower than the state average and 1% higher than the national average. There are a total of 238 Burbank police officers special units like a SWAT team and a mounted police force. Owning a home in a safe city will help save money on homeowners insurance.

The Verdugo Mountains form the northern border and have been subject to repeated wildfires in the past. Major occurrences include the December, 1927 Burbank Canyon Fire, which started in Haines Canyon, consuming approximately 100 homes in Burbank’s Sunset Canyon. Most homeowners policies cover theft and fire, but not earthquake and flood damage. At least eight major faults are mapped within the Burbank area, including the San Fernando Fault, just 6 miles northwest of downtown. The 1994 Northridge earthquake caused $66.1 million in damage. Burbank is part of the Los Angeles physiographic basin, and living anywhere in this area means a higher risk of possible earthquake damage. It is a good idea to add coverage for flood and earthquake damage if you live in this area.

About Homeowners Insurance in Burbank

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 burbank 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 Burbank has to offer.