Cheap Homeowners Insurance Hayward

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cheap homeowners insurance haywardHayward is located in the East Bay sub-region of San Francisco, and is the sixth-largest city in the Bay Area.  Its great location has led it to become one of the most desirable business locations for companies in advanced industries. The cost of living in Hayward is 36% higher than the national average, but only 1% higher than the California average. The median home price in Hayward is 93% higher than the national average, at around $540,100. The average appreciation rate over the last 5 years is 14.69%. 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 Hayward has available.

cheap homeowners insurance hayward 2The overall crime rate in Hayward is 12% higher than the national average, and property crime is is 9% higher than the state average and 15% higher than the national average. In general, the crime rate has been decreasing over the last 10 years.

The city was devastated by the 1868 Hayward earthquake early in its history. The Hayward Fault Zone runs through much of Hayward, and the United States Geological Survey has stated that there is an “increasing likelihood” of a major earthquakes with potentially serious damage. Because of its proximity to the coast it is also at risk for flood and hurricane damage. Most homeowners insurance policies will cover theft and fire, but not flood and earthquake damage. The high cost of owing a home in Hayward makes it all the more important to include flood and earthquake coverage to your homeowners insurance policy.

About Homeowners Insurance in Hayward

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 hayward 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 Hayward has to offer.