Is homeowners insurance required in Kentucky?
No, homeowners insurance is not required by law in Kentucky. However, in order to get a home loan, your mortgage lender will likely require you to obtain a certain amount of insurance coverage.
What does homeowners insurance cover in Kentucky?
Every policy is different, but home insurance policies in Kentucky typically come with several standard coverages.
- Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.
- Other structures (Coverage B). This coverage is intended to help cover structures that aren’t connected to your home, like a fence or shed.
- Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.
- Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.
- Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence.
Typical home insurance policies in Kentucky cover damage caused by events such as:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Flooding, a common risk in parts of Kentucky, is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available.
Home insurance coverage options in Kentucky
Farmers® gives you multiple options for covering your home and personal property. Within each package, you have the flexibility to adjust coverage types and limits so that your home is covered the way you want.
- Standard — Reduced coverage for a reduced price
- Enhanced — Higher coverage limits and extra features
- Premier — The highest coverage limits and greatest choice of features
Does homeowners insurance cover water damage in Kentucky?
A home insurance policy in Kentucky covers certain types of water damage, but not others. Water damage caused by flooding, a common risk in parts of Kentucky, is not covered, although special flood insurance through the National Flood Insurance Program (NFIP) may be available. Water damage caused by sudden, accidental events like frozen pipes or a broken bathroom fixture may be covered. Read more about the types of water damage that may (or may not) be covered.
How much does homeowners insurance generally cost in Kentucky?
The average premium for home insurance coverage in Kentucky is $1,174 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). That’s less than the national average of $1,311 a year, according to same report. However, insurance costs in most states have changed since then. Also, the amount you pay may be different, depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.
Kentucky home insurance discounts
Farmers offers a variety of savings opportunities for eligible home insurance customers in Kentucky, including:
- Multi-policy
- Protective devices
- Non-smoker
See more information and additional discounts that may be available in Kentucky.
Northern Cardinal
Kentucky’s colorful state bird doesn’t like to travel. This species generally spends its entire life within a mile or two of its birthplace. — Birdfact
More coverage options in Kentucky
Kentucky car insurance
Find minimum state requirements for auto insurance in Kentucky, available discounts and more.
Kentucky renters insurance
Renters insurance can help cover what your landlord’s insurance policy doesn’t, such as furniture, electronics and other personal belongings.
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1 Based on average premium for HO-3 type open perils homeowners policies.