Nearly 14 million acres of lush, rolling farmland cover the state of Kentucky – about 54 percent of the Bluegrass State – and somewhere between an estimated 76,000 and 83,000 working farms contribute to the collective agriculture industry generating $17 billion per year for the state. Add to that the longstanding heritage of equestrian pedigree with more than 450 horse farms ranging from local neighborhood barn-and-field setups to multi-million-dollar breeding, training, rearing and racing facilities, and you have the foundation of Kentucky’s economy. Lexington is the heart of horse culture and thrives within the horse industry.
While agribusiness takes the reigns in Kentucky, it’s worth noting some other points of pride that make this a charmingly fascinating state. It’s here in Kentucky that some of the country’s best bourbon is produced and aged, with a county even named after this high craft (Bourbon County, ironically, is dry). Some cities in Kentucky conjure images of elsewhere – Paris, Lebanon, Glasgow, California – but the vibe here is authentically down-home, and Hippo is delighted to expand our coverage to the homeowners of this great state.
The average annual cost of homeowners insurance in Kentucky is around $1,246 a year, which is the 26th most expensive state in the nation for coverage. Though there are significant fluctuations in the cost of homeowner policies throughout the state. Hurstbourne’s annual cost more than doubles the amount you’ll spend per year for home insurance in Central City, for example. In a state so heavily influenced by the farmland, some insurance policy catchphrases take on particular importance. “Other Structures Protection” is a term many homeowners also working a farm should become acquainted, as this coverage extends to all other structures than the actual home. Barn and tack shed ringing a bell?
Another, less quaint characteristic of Kentucky is its positioning in Hoosier “Tornado” Alley, which predisposes the state to high storm and tornado risk. Spring and early summer can bring extreme winds and even the occasional F4 twister, making “Structural Coverage” and “Contents Coverage” additional coverages homeowners in Kentucky might consider. If you already have structural coverage as part of an existing policy, it may be time to check and update the terms, as the amount may no longer be appropriate for present-day costs of rebuilding. Hippo’s personalized and dynamic method of underwriting homeowners insurance prevent policies from becoming outdated or leaving you underinsured.
Hippo’s platform has been built from the ground up with today’s homeowners in mind and modern insurance needs at its core. Real-time data is used to keep assessments up to date and our customers fully insured. This high-tech and highly detailed approach results in cost efficient policies (Hippo can save you an average of 25% on your homeowners’ insurance) that are tailored to your lifestyle, priorities and actual needs.
The convenience and speed with which you can get a quote or file a claim are powered by techy genius that automates the process and makes your experience as efficient as possible. However, we pride ourselves on service – services we hope you’ll never need – and those services are powered by people. Our Claims Concierges are people who care a great deal about making potentially difficult situations as smooth, seamless, and easy for our customers as possible. Should you ever need to file a claim, your personal Hippo Concierge will take ownership of your claim from start to finish and will also provide insights and guidance throughout the process. Proactive “heads up” communications for major storm warnings will help you prepare and prevent damage to your home. In the event of property damage, our personal attention to detail will help ease your mind.
Hippo Insurance is now available to our neighbors in Kentucky, with quotes provided in less than a minute to get you on your way. We are thrilled to be part of the communities in this state and are at your service, day or night.
