Home Insurance in Providence

Insurance in a Donut and Coffee-Fueled City

Welcome to Providence, RI, the city with the country's most donut and coffee shops per capita. There are many things to do, from historical tours of Historic Federal Hill and Benefit Street to haunted tours, including a haunted boat tour and a ghost, phantoms and poltergeist tour. Do you feel like seeing a show or seeing some beautifully ornate art? Check out the Rhode Island School of Design Museum of Art or catch a show at the Providence Performing Arts Center. No matter how you choose to spend your time, home insurance protects your home and belongings, whether you are at home or away.

Providence Demographics

Providence is Rhode Island's most populous city, as well as the city capital. The population is roughly 188,000, and the median age is 31. The homeownership rate is only 40 percent, which is quite a bit lower than the state average. This is likely due to the younger population. The average home costs about $365,947. and the cost of living is slightly higher than the national average. Violent and property crimes in Providence are higher than the state average, with 700 violent crimes and nearly 5,000 property crimes a year. Home insurance in Providence can help protect you from property damage or loss if you are a victim of a crime.

Weather in Providence

Providence experiences warm summers with bitterly cold and snowy winters, with an average of 39 inches of snow yearly. The hottest month of the year, July, brings temperatures around 82 degrees, while the coldest month, January, typically brings temperatures that don't exceed 37 degrees. The main weather threat to homes in Providence is ice and snowstorms, highlighting the importance of having home insurance to protect yourself from these perils.

Insurance Rates in Providence

The average home insurance in Providence is $1,366 per year, slightly higher than the state average but lower than national averages. Part of the reason for this is that Providence does not experience as many adverse weather events as other states. Providence is slightly higher than state averages due to the higher crime rate, but overall, insurance is affordable in Providence. Using VIU by HUB to compare insurance quotes ensures you pay the right price.

Things Insurance Covers

There is no one-size-fits-all insurance policy, so it's essential to read your policy thoroughly so you are aware of what it covers. However, there are some general perils your insurance likely includes in their coverage. This includes fire, lightning strikes, theft, criminal mischief and explosions. 

Your policy will cover the following:

• Your home and the buildings attached to it
• Other buildings on the property
• The belongings in your home and on your property
• Liability for if someone gets injured on your property
• Living expenses if you are displaced from your home

If you want more things protected, consider adding these items to your policy.

Things Not Covered by Insurance

There are some things that are commonly not included in your home insurance policy. This includes:

• Floods
• Earthquakes
• Termites
• Wear and tear
• Intentional damage

Having home insurance in Providence is one of the best ways to safeguard your home and belongings from the unpredictability of life. While home insurance may be optional, it is an essential key to owning your home and can save you thousands of dollars. Use VIU by HUB to compare insurance quotes from top companies so you can find the right one for you.

This information is intended for general informational purposes only and is not intended to constitute legal advice.

Sources

Trip Advisor

Zillow