Home Insurance in Ogden
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Create Peace of Mind With Ogden Home Insurance
As the eighth largest community in Utah, Ogden is home to nearly 87,000 people. A relatively large number of people in the city (just over 8%) work from home, making it important to purchase insurance that protects personal and professional belongings.
The median home value in Ogden, UT, is $306,866, which is about $100,000 less than the national median home price of $410,200. Single-family dwellings are most common. The cost of living in the city is 7.2% higher than the national average, but people still flock to the area for its beautiful scenery, excellent climate and nearby recreation.
The average homeowner in Ogden pays $900 per year for home insurance, which is just below the state's average. You can compare prices when you use the comparison tool provided by VIU by HUB.
Risk Factors When Purchasing Home Insurance in Ogden
Several factors determine how much you'll pay for Ogden, UT, home insurance. The size and condition are two of them. The larger your home is, the more you'll pay for home insurance. You may also pay more if the home needs updates or repairs. You may also pay more if you've made previous insurance claims in the past, have poor credit or have risky structures on your property. Risky structures are often referred to as "attractive nuisances" and include upgrades such as pools, trampolines or playgrounds that may attract children.
Climate is another factor insurance agencies consider. Temperatures range from 11-98 degrees on average. May gets the most rain, 1.7 inches, while January is the snowiest, 3.3 inches. Flooding is not a common issue in Ogden, but it is still a good idea to purchase flood protection just in case.
Crime factors into how much your insurance costs as well. Violent crime is low in the area, but the same cannot be said for property crime. Your chances of being a victim of property crime in Ogden is 1 in 32 compared to the state's chances of 1 in 45. This means it's important to have coverage that covers damages such as vandalism and stolen property.
Different Types of Home Insurance Policies
There are several different types of home insurance policies.
- HO-1: This is a basic home insurance policy. It covers 10 specific perils and pays actual cash value for the home. Since it's the least amount of coverage, it's the most affordable option.
- HO-2: Known as the broad form, this policy covers everything in an HO-1 plus protects other structures on your property and your belongings. It also covers personal liability, loss of use, and medical payments to others.
- HO-3: This is the most common type of policy. It covers everything in an HO-2 plus some and is known as an open-peril policy.
- HO-4: This is a renter's insurance policy. It covers belongings and liability but not the structure itself, as that is the landlord's responsibility.
- HO-5: This is a comprehensive policy and provides the highest level of coverage for anything not listed in the exclusions. It pays out for replacement costs and is good for new construction.
- HO-6: HO-6 policies are for people who own condos or live in co-ops. It's considered "walls-in coverage" and covers a variety of situations.
- HO-7: These policies are similar to HO-3s but are meant for mobile homes, manufactured homes and modular ones.
- HO-8: Typically for homes that are at least 40 years old, this policy covers 10 different perils, liability, medical payments and additional living expenses.
Make shopping for home insurance in Ogden, UT, easier by using VIU by HUB to compare prices from various insurance providers. Getting customized quotes is fast, free and easy. You can even talk to a state-licensed advisor if you need help.
This information is intended for general informational purposes only and is not intended to constitute legal advice.