San Jose Home Insurance
Here's your guide to finding affordable homeowners insurance in San Jose.
Finding Homeowners Insurance in San Jose, California
San Jose is the unofficial capital of Silicon Valley – it’s home to both Google and Apple’s sprawling tech campuses. Even if you’re not a tech enthusiast, you probably enjoy San Jose for its quirkiness, like its Winchester Mystery House or the larger-than-life Monopoly Board. Or if natural splendor is more your speed, San Jose is a stone’s throw away from the Bay Area beaches and Napa vineyards.
It’s easy to see why so many folks want to live in San Jose. Many homes sell within 22 days with three or more offers, and the average home value is $1.1 million. And when you’ve invested in a home here, you want to make sure your home insurance can cover whatever California may throw at you, including wildfires and earthquakes.
San Jose Home Insurance Costs
A lot of variables play into the cost of San Jose homeowners insurance. For example, the size, age, and construction of your home; its exact location; and your claims history all influence the cost of coverage. In San Jose, our average premium is about $1,206 a year. That’s 11 percent cheaper than Travelers. See how Kin compares to other insurers in San Jose.
|Average San Jose Home Insurance Premiums by Company|
Keep in mind: not all companies will cover a home in a wildfire zone. But at Kin, we know that homes with wildfire exposure need reliable coverage the most. Choose a company that wants to show up for you when you need them to.
What San Jose Home Insurance Covers
Your Kin homeowners insurance (an HO3 policy) offers:
- Replacement cost dwelling coverage. This helps you repair or rebuild your home after a loss.
- Other structures coverage. This covers other structures on the property, like sheds, detached patios, and fences.
- Personal property coverage. This helps you replace your personal belongings – appliances, furniture, electronics, clothing, and more.
- Loss of use coverage. This covers temporary housing and living expenses while your home is being repaired.
- Personal liability coverage. This helps pay for legal costs for bodily injuries or property damage you’ve accidentally caused.
- Medical payments coverage. This pays for medical bills when a guest has a small injury on your property.
You can also customize your policy with endorsements. These are add-on coverages that offer extra protection based on your needs.
Insurance for San Jose’s Major Risks
San Jose homeowners need an insurance policy that covers them for the real risks of their home. Most policies cover losses caused by fire, vandalism, wind damage, theft, and more. Because San Jose experiences some property crime (the city has a crime index of 15), it’s important to take your home’s security seriously.
Plus, San Jose is on a fault line and many of its communities are next to open space. This puts San Jose homeowners at risk for wildfire and earthquake damage.
San Jose Wildfire Insurance
San Jose is flanked by vast open space. While the landscape is breathtaking, it puts thousands of homes at risk of a wildfire. In 2019, more than $2 million residents were without power thanks to the Kincade Fire that started in Sonoma County and blazed its way to San Jose.
In recent years, it’s been a struggle for homeowners in wildfire zones to find homeowners insurance. Many resort to coverage offered by the California FAIR Plan. These policies only cover fire and smoke damage and only offer actual cash value coverage. That means it only pays for the depreciated value of the home when there’s a loss.
We’re happy to offer you another option. Our robust policies help you actually rebuild your home to its former glory after a loss, and every Kin policy includes wildfire insurance.
San Jose Flood Insurance
In 2017, the Coyote Creek overflowed and caused millions of dollars in flood damages to neighborhoods and businesses in San Jose. This showed just how vulnerable the community is to flooding. Unfortunately, many homeowners didn’t have flood insurance.
Flood insurance pays for damages caused by rising waters and storm surges, and it’s affordable to add on to your policy.
Earthquake Coverage in San Jose
The USGS states San Jose has a 72 percent chance of experiencing a 6.7 magnitude earthquake or higher. There are three major faults running through the Bay Area: San Andreas, Hayward, and Greenville. A major earthquake in a city as dense as San Jose could cause millions of dollars in damage and disrupt the lives of tens of thousands of people.
Standard homeowners insurance does not cover earthquake damage, but we’ve partnered with trusted providers to offer this essential coverage.
Tips for Lowering San Jose Home Insurance Costs
First things first: make sure you’re getting every discount you’re eligible for. We offer discounts for:
- Smart home safety and security devices.
- Secure communities.
- Electronic policies.
- Ember resistant venting.
- Annual brush removal contract.
- LEED-certified homes.
- New homebuyers.
Another big way to save is to stay claims-free when possible. You can also compare deductible options to find the perfect balance between savings and what you can reasonably pay out of pocket when there’s a claim.
See if we can save you more on your San Jose home insurance. Call us at 855-717-0022.
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