Cheap Homeowners Insurance Fremont

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cheap homeowners insurance fremontFremont is pretty crowded, with a population density that is 1097% higher than other California cities. It started out as a working class suburb, and has become a northeastern extension of Silicon Valley. Today, Fremont is home to such major technology companies as Lam Research, Lexar and Asus. The cost of living in Fremont is 27% higher than the California average and 72% higher than the national average. The median home price is $614,500, which is 199% higher than the national average. The median household income 94% higher than the national average at around $103,591 annually. That is a lot of investment to protect! This makes important to take the time to check out all the options for cheap homeowners insurance Fremont has available.

Fremont has 28% lower property crime than the California average, and that crime rate is also 24% lower than the national average. About 3.6% of families and 5.4% of the population live below the poverty line, and the unemployment rate in Fremont is 13% lower than the national average. This makes for a pretty stable economic environment, and a safe place to live.

The biggest concern for homeowners in this part of California is earthquakes. In 1868 the 6.8-magnitude Hayward earthquake on the Hayward Fault collapsed buildings throughout the Fremont area, and earthquakes are still a very real threat to the area. According to the statistics of the CEA, only 10 percent of California homeowers statewide carry earthquake protection. The city also has a lot of coastal area, so flooding and mudslides are also a risk. These are important features to consider that can have serious financial impact, but may not be included under regular homeowners insurance policies.

About Cheap Homeowners Insurance Fremont

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.
  • 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.

Making sure you know what your insurance company policy covers and how much you require for your area. This will help you get a cheap homeowners insurance policy that adequately covers your biggest and most important investment.