Home Insurance

The cost of home insurance can vary widely depending on several factors, including:

• The value and age of your home
• Your home’s location and local risk factors
• The level of coverage you choose
• Your claims history
• The deductible amount you select On average, homeowners insurance in Utah can range from $600 to $1,500 per year, but your specific rate may differ. At Utah Community Credit Union, we work with multiple insurers to find you the most competitive homeowners insurance quotes tailored to your unique situation.

A standard homeowners insurance policy usually includes:

• Dwelling coverage (protects the structure of your home)
• Personal property coverage (protects your belongings)
• Liability protection (covers you if someone is injured on your property)
• Additional living expenses (if you need to temporarily relocate due to covered damage) However, it’s important to note that standard policies often don’t cover floods, earthquakes, or certain high-value items. Our insurance experts can help you understand your policy and recommend additional coverage if needed.

While home insurance isn’t legally required in Utah, most mortgage lenders will require you to have a homeowners insurance policy as a condition of your loan. This protects their investment in your property. Even if you don’t have a mortgage, home insurance is a crucial safeguard for your most valuable asset. At Utah Community Credit Union, we can help you find the right level of coverage to protect both your home and your financial well-being.

There are several ways to potentially reduce your home insurance costs:

• Increase your deductible (but make sure you can afford it if you need to make a claim)
• Bundle your home and auto insurance for a multi-policy discount
• Improve your home’s security with alarms and safety features
• Maintain a good credit score
• Stay with the same insurer for potential loyalty discounts
• Review and update your coverage regularly to ensure you’re not over-insured Our insurance agents at Utah Community Credit Union can work with you to find the best balance between affordable premiums and comprehensive coverage for your home.