Cheap Homeowners Insurance Fontana

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cheap homeowners insurance FontanaThe cost of living in Fontana is 13% lower than the California average and 18% higher than the national average. The median home price is $253,700 which is 44% higher than the national average. Houses have been appreciating over the last 5 years, but only slightly. The 10 year average is still showing depreciation, but it is as a small 2.27 percent. The city’s crime rate is 19% lower than the California average and is 14% lower than the national average, but property theft still happens. This makes it very important to understand all the options for cheap homeowners insurance Fontana has available.

Fontana’s current economy is driven mostly by trucking-based industries, which provide a fairly good income for Fontana residents.  At $64,995 per year, the median household income in Fontana is 22% higher than the national average. The city has been doing a lot of development over the past 6 years, including housing developments. Single family homes make up 78.5% of the housing market, and 25.5% of those homes were built in 2000 or later.

 cheap homeowners insurance Fontana 2Location and the year a home was built are important factors in determining the cost of homeowners insurance. Also important are the risks of natural disasters in the area. Fontana is on the Cucamonga Fault Zone, which runs through the northern part of the city, along the base of the San Gabriels, notably through the Hunter’s Ridge and Coyote Canyon planned communities. It is estimated to be capable of producing earthquakes approximately of magnitude 6.0-7.0. Statistics show that only about 10% of California homeowners, which is pretty unwise given the high probability of another one occurring in the near future. If you own a home in California, be sure to add this to your policy for maximum protection.

 

About Homeowners Insurance Fontana

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:

  • Damage to your home, such as permanent structures being destroyed by fire.cheap homeowners insurance
  • 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 Fontana has to offer.