Ohio High Risk Homeowners Insurance

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High Risk Homeowners Insurance In Ohio

Ohio is a state located in the Midwestern region of the United States. It is bordered by Pennsylvania to the east, Michigan to the northwest, Lake Erie to the north, Indiana to the west, Kentucky to the south, and West Virginia to the southeast. Ohio has a diverse geography that ranges from flat farmland to the hilly landscapes of the Appalachian Plateau. The state has a rich history, being part of the Northwest Territory before its admission to the Union in 1803. Ohio has played a significant role in American history, particularly during the Civil War, and has been a significant industrial and agricultural hub.

Types of Risks in Ohio:

Tornadoes and Severe Storms: Ohio is situated in a region that can experience severe weather, particularly in the spring and summer months. Tornadoes, severe thunderstorms, hail, and high winds are common risks that can cause significant damage to homes and property.

Flooding: Certain areas in Ohio, especially those near rivers and lakes, are prone to flooding, particularly during the spring thaw and after heavy rainfalls. Flash floods can also occur, causing damage to homes, especially in low-lying areas.

Winter Storms: Ohio experiences harsh winters with heavy snowfall, ice storms, and freezing temperatures. These conditions can lead to roof damage, frozen pipes, and other structural damages to homes.

Fire: Residential fires, whether from internal sources like electrical faults or external sources like wildfires, pose a risk to homeowners in Ohio.

Significant Recent Events:

Xenia Tornado (2000): While not as devastating as the 1974 Super Outbreak, Xenia and parts of Ohio experienced significant tornado activity in September 2000, leading to considerable property damage and insurance claims.

The 2004 and 2008 Windstorms: These events, related to the remnants of hurricanes (Ivan in 2004 and Ike in 2008), caused widespread damage across Ohio, leading to a large volume of insurance claims due to wind damage.

The 2011 Tornado Outbreak: In late April 2011, a series of tornadoes swept through Ohio, causing significant damage in several counties. This event led to a high volume of home insurance claims due to the extensive property damage.

The 2012 Derecho: This widespread and severe windstorm crossed over a large portion of the Eastern United States, including Ohio, causing extensive damage due to high winds, leading to a significant number of insurance claims.

These events highlight the variety of natural disasters that can occur in Ohio, leading to substantial home insurance claims. Homeowners in Ohio should ensure they have adequate insurance coverage to protect against these types of high risks.
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Unable to Obtain Coverage?

Many consumers opt to allow their mortgage companies to add “force placed” or “lender placed” coverage to their homes. The unfortunate issue is that many times the mortgage companies do not make it clear that typically these policies  do not cover your personal property, loss of use or even your liability. They are typically insurance policies that the consumer pays for, that mostly benefits a bank and not them. It is without a doubt that mortgage forced policies are the lease safe option in the market.

Since FAIR Plans are considered the market of last resort, consumers will be best served when they find an agent with the experience in high risk insurance as well right resources and carriers. Ultimately the end goal is to obtain the right coverage at a competitive price and with the right agent that can be accomplished in almost any situation.
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**The contents of this website are provided for informational purposes only and do not constitute legal or coverage advice or an offer or solicitation for the sale or purchase of insurance. If you submit a request for a quote you will be contacted by a licensed agent who can discuss coverage options with you. Consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan and other high risk plans. This website is no way affiliated with or sponsored or endorsed by any federal, state or local governmental agency or state fair plan. Insurance coverage not available in all states. **
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