It may seem ridiculous to spend a lot of money on homeowners insurance when almost half of all Louisianans spend more than 30% of their income on utilities and rent. However, homeowners insurance protects our most precious asset, our homes. Louisiana homeowners insurance is the best option to ensure financial security in case anything happens to your home.
The Hanover
Hanover, a large holding company, includes several Property and Casualty and other insurance companies. It is the country's largest insurance company and offers a wide range of insurance products. Customers have complained about the quality of customer service and claims, despite its financial strength. NerdWallet ranks homeowners insurance companies based on customer satisfaction and complaints. If you have an experience with a particular company, you may want to submit a review to let others know of the problems you had with them.
USAA is the second-cheapest plan
USAA is the right choice if you're searching for the cheapest homeowners policy in Louisiana. The average USAA policy's cost is $1724, lower than the $1,796 national average. USAA premiums can be slightly more costly than Allstate and State Farm. The costs are based on an average 40-year-old homeowner with a $1,000 deductible and $300,000 of liability coverage.
USAA has a FAIR policy
FAIR Plans are government programs which provide insurance for high-risk homes. These areas can be prone for natural disasters and high crime. These areas might also be prone to high levels of crime and disrepair. FAIR Plans may require you to take additional steps for your home's improvement. You may have to install an emergency alarm system or change the wiring in your home.
The Hanover offers service line coverage, water backup coverage and guaranteed replacement cost coverage
The Hanover has a wide range of homeowner coverage options. Its insurance includes deductible waivers, multiple insured items, and guaranteed replacement cost coverage. You also have the option to cover multiple types damages. You can file a claim via the company's site.