Cheap Homeowners Insurance Concord

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cheap homeowners insurance concordConcord is the 8th largest city in the San Francisco Bay Area, and has been primarily a bedroom community for San Francisco and Oakland over the last forty years. The cost of living in Concord is 3% higher than the California average and 40% higher than the national average. The cost of housing in Concord is 90% higher than the national average, with an average 4 bedroom house listing at about $508,000. Homes have appreciated 11.95% over the last 5 years, and don’t show any signs of slowing down. If you own a home in Concord, it is [probably your biggest investment, so it is very important to understand how much insurance you need according to the special features of the city you live in. This will help you get the best cheap homeowners insurance Concord has available.

cheap homeowners insurance concord 2Concord is safer than 25% of the cities in the United States, even though the overall crime rate in Concord is 39% higher than the national average. Property crime is 37% higher than the average of California and is 44% higher than the national average. Concord uses The Bay Area Crime Stoppers (BACS) as a way for the community to inform law enforcement of tips regarding crime. Crime rates are important considerations for homeowners, as insurance premiums are partially based on the degree of risk projected for the area.

Another important consideration is the geological characteristics of the area. The Concord Fault is a geologic fault that is located under the city of Concord. The fault is currently considered to be under a high stress level, and therefore there is a higher chance of a major earthquake happening. Most homeowners insurance policies cover theft and fire, but not earthquake damage. In fact, only 10% of California homeowners carry earthquake insurance. Given the high probability of earthquakes in this area, homeowners should definitely add this coverage to their insurance plans.

About Homeowners Insurance in Concord

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 concord 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 Concord has to offer.