Comprehensive Guide to Homeowners Insurance Options in Ohio

Homeowners Insurance Ohio: Top 5 Best Options in 2024

Ensuring Your Home in Ohio: What You Need to Know

If you’re a homeowner in Ohio, understanding homeowners insurance Ohio is crucial for protecting your biggest asset—your home. While it’s not legally required by the state, most mortgage lenders will insist you have a policy in place. Let’s quickly address what you need to know:

  • Average Cost: The average annual premium is around $871, which is below the national average.
  • Standard Coverage: Policies typically cover your dwelling, personal property, liability, and additional living expenses if you can’t stay in your home due to covered damage.
  • Exclusions: Flooding and earthquakes are not covered; you may need additional policies for these risks.

Owning a home in Ohio comes with its own set of challenges, from harsh winters to potential flooding. Having the right insurance policy can make a world of difference. This guide will help you navigate your options and find the best coverage to fit your needs.

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Understanding Homeowners Insurance in Ohio

Standard Coverage Options

When it comes to homeowners insurance in Ohio, knowing your coverage options is crucial. Let’s break down the standard coverages you can expect:

  • Dwelling Coverage (Coverage A): Protects the structure of your home. This includes the walls, roof, and built-in appliances. If a fire, windstorm, or hail damages your home, dwelling coverage helps pay for repairs.

  • Other Structures (Coverage B): Covers structures not attached to your home, like fences, sheds, or detached garages. For instance, if a tree falls on your shed during a storm, this coverage would help with repairs.

  • Personal Property (Coverage C): Protects your belongings, such as furniture, electronics, and clothing. If a thief breaks in and steals your TV, this coverage helps you replace it.

  • Loss of Use (Coverage D): Also known as additional living expenses (ALE), this helps cover the cost of living elsewhere if your home becomes uninhabitable due to a covered loss. For example, if a fire forces you out, ALE covers hotel stays and meals.

  • Personal Liability (Coverage E): Protects you if someone gets injured on your property or if you accidentally damage someone else’s property. For example, if a guest slips on your icy driveway and gets hurt, this coverage helps pay for their medical bills.

Common Exclusions

While homeowners insurance offers broad protection, certain risks are typically excluded:

  • Flooding: Standard policies do not cover flood damage. This is crucial in Ohio, where flooding can be a significant risk, especially near the Ohio River. Consider separate flood insurance from the National Flood Insurance Program (NFIP) or private insurers.

  • Earthquakes: Earthquake damage is usually not covered. If you’re in an area prone to seismic activity, you might need a separate earthquake policy.

  • Specific Risks: Other common exclusions include nuclear hazard, war, intentional loss, sinkholes, and insect infestations. Always read your policy to understand what is and isn’t covered.

  • Additional Coverages: You can purchase endorsements or riders for specific needs. For instance, if you have a valuable jewelry collection, you might need additional coverage beyond what your standard policy offers.

Understanding these coverage options and exclusions helps you tailor your homeowners insurance in Ohio to fit your specific needs, ensuring you’re protected against the unexpected.

Average Cost of Homeowners Insurance in Ohio

Factors Affecting Cost

The average cost of homeowners insurance in Ohio is approximately $871 per year, according to a 2020 report by the National Association of Insurance Commissioners (NAIC). This is notably lower than the national average of $1,311 per year. However, your specific premium can vary based on several factors:

  • Home Value: Higher-value homes cost more to insure because they are more expensive to repair or replace.
  • Location: Urban areas like Cleveland and Columbus tend to have higher premiums due to increased risks of theft and vandalism. Conversely, rural areas generally enjoy lower rates because of fewer risks.
  • Personal Property: The amount of coverage you choose for your personal belongings affects your premium. More coverage means a higher premium.
  • Deductible: Choosing a higher deductible can lower your premium, but you’ll pay more out-of-pocket when you file a claim.
  • Risk Factors: Homes in areas prone to natural disasters like flooding or tornadoes may have higher premiums. Similarly, older homes with outdated systems may cost more to insure.

These factors collectively determine how much you’ll pay for homeowners insurance in Ohio.

Available Discounts

To make homeowners insurance more affordable, many insurers offer discounts that can significantly reduce your premiums. Here are some common discounts available in Ohio:

  • Multi-Policy Discount: Save by bundling your home and auto insurance policies with Toth-Felty Insurance.
  • Protective Devices Discount: Installing safety features like smoke detectors, security systems, and storm shutters can qualify you for discounts.
  • Non-Smoker Discount: Some insurers offer discounts to non-smokers, as they are less likely to cause a fire.
  • Newly Purchased Home Discount: Get a discount if you’ve recently bought your home.
  • Online Purchase Discount: Save when you buy your policy directly through Toth-Felty Insurance.

By taking advantage of these discounts, you can lower your homeowners insurance costs without sacrificing coverage.

Special Considerations for Ohio Residents

While standard homeowners insurance in Ohio covers many risks, there are some specific considerations you should be aware of. Here’s a look at flood insurance, earthquake insurance, and wind insurance, along with lender requirements and coverage options available to Ohio residents.

Flood Insurance

Flooding is a significant risk in parts of Ohio, especially near the Ohio River and low-lying areas like Cincinnati. Standard homeowners insurance does not cover flood damage, so you’ll need separate flood insurance.

High-Risk Areas: If you live in a high-risk flood zone, your mortgage lender will likely require you to carry flood insurance. You can check if your home is in a flood-prone area using FEMA’s website.

National Flood Insurance Program (NFIP): Most flood insurance policies are available through the NFIP, which provides coverage up to $250,000 for your home’s structure and $100,000 for personal property.

Additional Coverage: For higher coverage limits, consider private flood insurance options. These can offer more extensive protection beyond what NFIP provides.

Earthquake Insurance

Ohio is not prone to major earthquakes, so earthquake insurance is not a common requirement. However, if you’re interested in protecting your home from earthquake-related damages, many insurers offer this coverage as an optional add-on.

Availability: Earthquake insurance can be purchased directly from Toth-Felty Insurance.

Coverage Options: Typically, earthquake insurance covers repairs to your home’s structure, personal property, and additional living expenses if you’re displaced. Coverage may vary, so it’s essential to review the policy details.

Wind Insurance

Wind-related damage, including hail, is another consideration for Ohio homeowners. While wind insurance is not required by law, mortgage lenders almost always require it as part of your homeowners insurance policy.

Lender Requirements: Mortgage providers usually mandate that your policy includes coverage for wind and hail damage to protect their investment in your home.

Coverage Options: Standard homeowners insurance policies typically cover wind and hail damage. However, it’s crucial to check your policy to ensure you have adequate protection. If you live in an area prone to severe storms, you might want to consider additional windstorm coverage.

Frequently Asked Questions about Homeowners Insurance in Ohio

What is the average cost of homeowners insurance in Ohio?

The average cost of homeowners insurance in Ohio is $871 per year, according to a 2020 report by the National Association of Insurance Commissioners (NAIC). This is significantly lower than the national average of $1,311 per year. However, these costs can vary based on factors like the value and age of your home, your chosen deductible, and specific risks in your area.

Does Ohio require homeowners insurance?

No, homeowners insurance is not required by law in Ohio. However, if you have a mortgage, your lender will almost certainly require you to have homeowners insurance. This ensures that their investment is protected in case of damage to the property.

Even if you own your home outright, having homeowners insurance is a wise decision to protect yourself from potential financial losses due to unexpected events like fire, theft, or natural disasters.

What does homeowners insurance typically cover in Ohio?

Homeowners insurance policies in Ohio generally include several standard coverages:

  • Dwelling Coverage: Covers damage to the structure of your home from events like fire, windstorm, or hail.
  • Personal Property Coverage: Helps repair or replace your personal belongings if they are stolen or damaged.
  • Liability Coverage: Provides financial protection if someone is injured on your property or if you accidentally cause damage to someone else’s property.
  • Loss of Use Coverage: Covers additional living expenses if your home is uninhabitable due to covered damage.
  • Other Structures Coverage: Covers structures not attached to your home, like a fence or shed.

Common Exclusions

Standard homeowners insurance policies do not cover certain types of damage. Notably:

  • Flooding: Flood damage is not covered, but you can purchase separate flood insurance through the National Flood Insurance Program (NFIP).
  • Earthquakes: Earthquake damage is typically excluded, but you can buy additional earthquake insurance.
  • Wear and Tear: Regular maintenance issues and wear and tear are not covered.

Understanding what is and isn’t covered by your policy can help you make informed decisions about additional coverages you might need.

By addressing these common questions, we hope to clarify the essentials of homeowners insurance in Ohio. If you have more specific queries or need personalized advice, don’t hesitate to reach out to Toth-Felty Insurance.


In summary, homeowners insurance in Ohio is essential for protecting your home and personal property from various risks like harsh winters, summer storms, and unexpected events. While standard policies cover many common issues, additional coverages like flood and earthquake insurance may be necessary depending on your location and specific needs.

Why is coverage important? Homeowners insurance not only protects your investment but also offers peace of mind. Imagine a severe storm causing significant damage to your home. Without proper insurance, the financial burden could be overwhelming. With the right coverage, you can focus on repairs and recovery without the stress of unexpected costs.

At Toth-Felty Insurance, we understand that every homeowner’s needs are unique. We offer personalized solutions tailored to your specific circumstances. Whether you’re a first-time homebuyer, a dog owner, or someone living in a high-risk area, we can help you find the right coverage to keep you protected.

Our dedicated agents are here to guide you through the process, ensuring you understand your options and get the best possible coverage at an affordable price. We pride ourselves on our local knowledge and commitment to customer satisfaction.

Ready to secure your home with comprehensive homeowners insurance? Contact Toth-Felty Insurance today to get started. Let us help you find the perfect policy to protect your home and give you peace of mind.

By addressing your unique needs and providing expert advice, Toth-Felty Insurance ensures that you are well-protected. Reach out to us for a personalized quote and experience the difference of working with a trusted local provider.

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