Why Do I Need Home Insurance?

Home insurance may not be required in Kentucky by the state, but your lender can require it. This is because until you pay off your home, the lender still has an interest in your house. Your home is the most significant investment you will make, so you shouldn’t go without home insurance. Losing your home in a catastrophic event, such as fire, would be a substantial financial burden. While home insurance won’t prevent the damage to your belongings or home, it can provide a safety net should anything unexpected happen. When you have a policy in place, you can be better equipped to deal with a storm or a crisis.

What Does Home Insurance Cover in Kentucky?

There aren’t two homes that are exactly alike, so there shouldn’t be two policies that are exactly alike. Your agent at Thoroughbred Insurance Services can help make sure you get the protection that meets your needs. You can even tailor policies to provide additional coverage for unique valuables, such as musical equipment or jewelry.

  • Property Coverage: Your property coverage includes dwelling coverage, which will protect the structure of the home. This also includes structures that are on the property, such as a shed. As part of your property coverage, your personal belongings will be covered up to certain limits. Property coverage can also include loss of use coverage to help you should you need to stay elsewhere while your home is being repaired. Many policies will cover things such as damage from fire, windstorms, lightning, theft, vandalism, and hail, but won’t cover damages caused by flooding.
  • Liability Coverage: Liability coverage will provide protection if you or a family member are sued for accidental property damage or injury. This can also cover medical payments for those who are injured at your property.

Always keep in mind that the coverage will come with limits. When you are selecting coverage limits, take into consideration things such as the cost of rebuilding the home or replacing belongings.

Contact Thoroughbred Insurance Services to get a quote on home insurance.


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Partner Carriers

  • American Modern
  • Assurant Flood
  • CNA
  • Dairyland
  • Dovetail
  • Encompass Insurance
  • Foremost
  • Grange
  • Guard
  • Hagerty
  • Hiscox
  • KEMI
  • Kemper
  • Liberty Mutual Commercial
  • MetLife
  • Palomar Earthquake
  • Progressive
  • Safeco