Cheap Homeowners Insurance Thousand Oaks

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cheap homeowners insurance thousand oaksThousand Oaks is part of a master-planned city, built in the mid-1950s. It included about 2,000 single-family residences, a regional shopping center, a 200-acre industrial park and several neighborhood shopping centers. The development and building has continued and now there is no room for the sprawling suburban growth the city was known for. The median home price is around $669,500, which is 242% higher than the national average. The cost of living in Thousand Oaks is 66% 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 Orange has available.

cheap homeowners insurance thousand oaks 2The overall crime rate in Thousand Oaks is 54% lower than the national average, and the property crime is 54% lower than the California average and 51% lower than the national average. The FBI’s 2013 Uniform Crime Reports ranked Thousand Oaks as the fourth-safest among cities with a population greater than 100,000 in the United States. This is good news for homeowners, as lower crime rates mean lower homeowners insurance. On the other hand, the high cost of living in Thousand Oaks means the higher replacement costs.

The geological conditions of Thousand Oaks is also an important consideration. It is located in the Santa Monica Mountains in the northwestern part of the greater Los Angeles, and close to several mountain regions. The geology of these mountains is dominated by a sequence of Tertiary sedimentary and volcanic rocks, which makes the area prone to landslides during the rainy season. It is also Southern California, so the chance of earthquake damage is higher than it would be in other areas. Fire and theft are normally covered under basic homeowners insurance policies, but flood and earthquake damage are not.

About Homeowners Insurance in Thousand Oaks

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 thousand oaks 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 Thousand Oaks has to offer.