Liberty Mutual Homeowners Insurance Review

We aim to help you find the best Liberty Mutual homeowners insurance quote to suit your needs

Does Liberty Mutual Offer Homeowners Insurance

Liberty Mutual is a well-established and popular insurance company which offers a wide range of coverage plans such as umbrella insurance, life insurance, pet insurance, auto insurance, and more. However, in this article we will be focusing on Liberty Mutual homeowners insurance; a type of insurance which, if you currently own a property or are planning to purchase one, you should start seriously considering, if you have not started to already. Homeowners insurance is vital if you want to protect your personal property and possessions, the things which I’m sure are most valuable to you, in the case of disaster, along with other things such as your liability. Liberty Mutual offers a homeowners insurance policy to which you can add a number of coverage and discount options to truly customise your plan to fit you. In this article we will discuss the costs, features, pros and cons of Liberty Mutual’s homeowners insurance, so that you can find the best homeowners insurance quote for you.
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Liberty Mutual Homeowners Insurance Review and Costs

Liberty Mutual homeowners insurance is a great option if you value quality coverage and discount options, and a wide range of them too. With optional coverages such as hurricane, personal property replacement cost, and water backup coverage, you can add whatever you need to make your plan serve you exactly how you’d like. The vast amount of discount options that Liberty Mutual offers may also give their competitors a run for their money. One potential drawback, however, is that Liberty Mutual does not have excellent customer service; though it earned a good BBB rating of A-, its NAIC Complain Index score is 6.27, which is much greater than the national average of 1.16. In addition to this, you may find Liberty Mutual homeowners insurance cost to be higher than that of its competitors, as all these extra optional coverages may drive up the cost of your plan. However, depending on what coverages and plan you need, as well as the discounts you apply, you may find the price to be agreeable for what you are getting.
Liberty Mutual Homeowners Insurance High-Level ReviewBy the Numbers
BBB rating for Liberty Mutual Homeowners InsuranceA
Liberty Mutual Renters Insurance JD Power Rating3/5
Avg. Cost for Liberty Mutual Homeowners Insurance Yearly$1,800.80
Avg. Cost for Liberty Mutual Homeowners Insurance Per Month$150.07

Liberty Mutual Howeowners Insurance Coverage

Liberty Mutual homeowners insurance comes with a standard package which contains the same coverages that most other insurance providers offer in their standard plans. The first of these standard coverages is personal property coverage, which covers the actual cash value of items that need to be replaced such as furniture and clothing in the event of a covered loss. Personal liability is also covered, as is medical payments to others in the event where someone is injured on your private property. Dwelling coverage is also included, which protects your home and other structures on your property (eg. fence or driveway) from fire, water and weather damage, as well as theft and vandalism. Wind and hail damage is also covered in the standard package, as well as additional living expenses. In terms of optional coverages, these can include hurricane damage coverage and water damage covered by escape of water, along with inflation protection, blanket jewelry protection and coverage of the replacement cost for your belongings in the event of a covered peril.
If you are unsure of whether or not you are in a high-risk flood area, there are several ways to determine your risk. Th first of these would be to check a flood map of your local area to asses how likely it might be for a flood to occur where you live. Additionally, you can make a rough assessment of your risk by observing your location – if you live in a coastal region, area of dry land, or a flood plain, then you are at a higher risk of flooding. Floods can cause severe damage to your property and possessions; however, under most homeowners insurance policies, flood damage is not covered by default, and this is also true for Liberty Mutual homeowners insurance. If you have assessed yourself to live in a high-risk area, then you should consider purchasing flood insurance separately from the National Flood Insurance Program. However, beware – almost 20% of flood insurance claims come from areas that are considered moderate- to low-risk, meaning it may be a good idea to consider getting flood insurance regardless of your risk status. Similarly, mold growth is not covered by Liberty Mutual homeowners insurance, as mold grows slowly over time, while homeowners insurances usually only cover water damage if it is “sudden and accidental”.

How Much is Liberty Mutual Homeowners Insurance Near You

If you are wondering “how much is homeowners insurance through Liberty Mutual?” then, unfortunately, we cannot give you a precise answer – rates can vary greatly due to a number of reasons, including the state and city you live in, as well as the policy limit you are looking for and other individual factors. However, what we can tell you is that the national average annual cost of homeowners insurance is $1,445, and that the average annual costs of Liberty Mutual home insurance are around $1,830 for a $175,000 policy, making it more expensive than the national average.

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Get a Liberty Mutual Homeowners and Auto Insurance Discount

Auto insurance is mandatory to own by law, and so it makes sense that most insurance companies offer auto insurance alongside their other coverage plans. However, did you know that many insurance providers that offer auto insurance will give you the option to bundle this auto insurance with homeowners insurance? By bundling these two plans, you will be offered a discount that can save you around 15% off your total insurance fees, which is absolutely ideal for those who want to maximise the value of their plan and get more coverage without putting a huge dent in their wallet. Liberty Mutual is no exception to this; you can bundle auto and homeowners insurance with Liberty Mutual to save an impressive $842 on your plan with their Multi-Policy Discount, which can greatly remedy Liberty Mutual’s relatively high insurance rates. Purchasing an auto-homeowners insurance bundle also allows you to manage your policies easier than before by keeping them all in one place on your online account. It’s the perfect solution if you are looking for an affordable plan that gives you more for your money, alongside being able to easily manage, pay for and track your plan and claims all in one place without any extra hassle of having to organise several different policies separately.

Costs of Liberty Mutual Homeowners Insurance Compared with Competitors

As we have discussed earlier, though rates can vary greatly between locations and depending on several different factors, Liberty Mutual can be considered more expensive than some of its competitors, and we can see this clearly when we compare average annual costs between companies. For instance, for a homeowners policy with a limit of $300,000, Farmers comes in as the most expensive with an average annual cost of $2,778, but Liberty Mutual is a close second with $2,672. State Farm is far behind with an annual cost of $1,784, and Travelers is last with $1,485. For policies of $217,600 and $175,000, Liberty mutual comes out on top as the priciest, with average annual costs of $2,101 and $1,830, respectively. To find your exact Liberty Mutual homeowners insurance cost, however, it is important for you to get a quote for homeowners insurance and compare your rates across different companies to find which has the most agreeably-priced plan.

Reaching Out to Liberty Mutual Homeowners Insurance

If your property has been damaged by fire, smoke, wind or storms, an appliance or system has suddenly broken, or your personal belongings have been lost or damaged by theft or vandalism, then it’s vital that you first take the appropriate primary measures to ensure that you and your home are safe. This can include conducting emergency repairs such as water removal, or filing a police report in the case of theft or vandalism. Once these crucial steps are taken, you can then file a Liberty Mutual homeowners insurance claim. It is recommended that you file a claim through their online service by logging into your account on their website and providing the date and details of what happened. You may then be contacted by a Claims Representative to schedule a damage review, which can be sped up by uploading an inventory and photos and receipts of the items which were damaged or lost. Once the repair estimate is complete, Liberty Mutual will complete the claim and begin covering your damages and losses.
You may need to cancel your Liberty Mutual homeowners insurance for a myriad of different and valid reasons. These can include wanting to switch to an insurance provider than will offer you lower, more affordable rates, or Liberty Mutual may not be offering you the exact coverage options that you need in your homeowners insurance policy. Perhaps you may find the discount options unsuitable or insufficient, or perhaps not. No matter the reason, you have the right to cancel your Liberty Mutual homeowners insurance if it no longer serves you the way you want, and it is quite simple to do so. Though the exact process and fees may vary from state to state, you must first get in contact with Liberty Mutual’s customer service experts who will help you though the process by calling them on the phone number which Liberty Mutual provides on their website. Once your policy has been cancelled, be sure to find a new homeowners insurance plan as soon as possible to ensure you keep yourself, your personal property and your possessions protected.

Deciding on Whether Liberty Mutual is Right for Your Home

Ultimately, it is entirely up to you whether or not Liberty Mutual homeowners insurance is right for your home; you will need to decide what your priorities are and exactly what you need out of an insurance plan to make this decision. If you value affordability above all and do not mind sacrificing some features such as coverage and discount options, then Liberty Mutual may not be for you with its higher-than-average annual costs. However, if you want more coverage options and a range of discount options, and do not mind paying a little bit extra for these, then Liberty Mutual homeowners insurance may be for you. This article has provided you with all the information you need to get the best Liberty Mutual homeowners quote for you, but be sure to shop around a bit before settling on an insurance provider. Find the insurance companies near you and compare their rates, coverage options and discount options with Liberty Mutual, and decide which plans are best suited to you.