What is typically covered by homeowners insurance in Wisconsin?
Every policy is different, but home insurance policies in Wisconsin 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 fire, wind, 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 homeowners insurance policies in Wisconsin cover damage caused by:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Flooding — the most common and costly disaster in Wisconsin, according to ReadyWisconsin.Gov — is not covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available.
Is home insurance mandatory in Wisconsin?
No. Home insurance is not mandatory in Wisconsin, at least not by law. But if you have a mortgage on your home, your lender will almost always require you to have home insurance to protect their investment. Wisconsin home insurance can provide coverage for covered losses to help you protect your home if a big storm or another disaster hits, or you are at fault for someone else’s injury or damage to their property.
How much does homeowners insurance generally cost in Wisconsin?
The average premium for home insurance coverage in Wisconsin is $762 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). That’s less expensive 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.
Farmers Flex Personal Home coverage in Wisconsin
Beyond the basic coverages, Farmers Flex Personal Home offers a wide range of options that let you customize your policy, such as:
- Guaranteed Replacement Cost
- Water Backup and Sump Overflow
- Emergency Mortgage Assistance
- Declining Deductibles®
- Claim Forgiveness
Wisconsin home insurance discounts
Farmers® offers a variety of savings opportunities for eligible home insurance customers in Wisconsin, including:
- Welcome Discount
- Home Buyer Discount
- Multi-Policy Discount
- Loyalty Discount
- Claim Free Discount
See more information and additional discounts that may be available in Wisconsin.
American Robin
A familiar and beloved symbol of spring in northern regions, Wisconsin’s state bird is truly an early bird. Its rich song typically begins just before dawn’s first light in spring and summer. — Audubon Guide to North American Birds
More coverage options in Wisconsin
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1 Based on average premium for HO-3 type open perils homeowners policies.