Home Insurance in Coeur d'Alene
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Owning Your Coeur d'Alene Home
Coeur d'Alene is a popular tourist destination. Visitors are drawn to its lakes and stunning mountain vistas. Many come to play golf on the city's 15 golf courses, including a world-class resort course and many stunning public options. Skiing draws visitors in the winter since Coeur d'Alene is within an hour's drive from five of Idaho's best ski resorts.
With a state park, a national forest and several amazing city parks to choose from, Coeur d'Alene's 58,000 residents can take advantage of their beautiful location year-round. They also enjoy the city's growing art community with many galleries and both community and professional theatre companies in residence.
Home Ownership in Coeur d'Alene
The Coeur d'Alene housing market reflects how desirable this area is. The median home price is $508,000 which is significantly higher than the national home value. While it won't be inexpensive to purchase a home in Couer d'Alene, it is an excellent investment. The average rate of home appreciation in the city has been a stunning 103% over the last five years.
Coeur d'Alene Home Insurance
You won't be required to carry home insurance in Coeur d'Alene, but with home values so high, you would be wise to protect your investment. Additionally, most mortgage lenders will require their customers to carry a homeowner's policy.
Coeur d'Alene home insurance has an average cost of $1,100 per year. That is about equal to the average cost across the state of Idaho and much less than the national average. Your premiums will be affected by factors such as your home's age, the condition of your roof, the exact location of your property, your credit history, your deductible and any additional coverage you choose.
What Home Insurance Does
A standard homeowner's insurance policy will protect your home's structure, additional structures on the property, personal belongings within the home and provide liability coverage for accidents that occur in the home.
Homeowner's insurance typically covers damage to or loss of your home due to certain weather events, fire, theft or vandalism. Most policies will not cover earthquake damage or flooding as these are concerns that are specific to particular geographical areas.
You can add coverage to your policy for needs beyond what a standard policy offers and a National Flood Insurance Policy is available to all homeowners through FEMA. If your insurance needs are complex, VIU by HUB can help you compare policies and rates from several providers to find a home insurance solution that is unique to your situation.
Home Insurance Needs in Coeur d'Alene
Home insurance is a good idea for all homeowners, regardless of their location. As with any city, Coeur d'Alene has some special considerations that make owning a policy even more important.
The city experiences a high amount of snowfall each year. While snow makes for great recreation, it can wreak havoc on a home's roof and other structures. It also plays a factor in several home injuries across the nation.
The crime rate in Coeur d'Alene is high when compared to the national average. Of most interest to homeowners is the property crime rate, which stands at 44.7 out of every 1,000 people.
Home Insurance Tailored to Your Needs
A standard policy covers most problems homeowners face in Coeur d'Alene, but not all policies or providers are the same. Find the best home insurance in Coeur d'Alene by using the rate comparison tools at VIU by HUB.
This information is intended for general informational purposes only and is not intended to constitute legal advice.