Living in Alaska means special requirements for home
insurance because of the unique challenges of the land and
weather. Still, you don’t have to pay a fortunate for Alaska
Home Insurance – you just need to do a little homework in
advance. That’s where we come in – we’ll teach you the things you need to know, then
once you’ve entered your zip code in the box
below, we’ll match you with the best companies
insurance coverage in your area. So spend a few
moments reading more, and soon you can relax, knowing
you’re covered with the right Alaska home insurance
Home Insurance Basics
Home insurance in Alaska consists of a package of
different types of coverage including:
- Dwelling Coverage – to repair or
replace damage to your home.
- Other Structures Coverage –
covers other permanent buildings on your property, such as
detached garages, workshops, provided they are not used for
business or occupied.
- Personal Property Coverage –
protecting furnishings and personal effects, usually only
from named perils. Boats and kayaks may be covered within
- Additional Living Expenses – if
you are unable to live at home because of damage, this
provides a fixed amount to cover at least a portion of your
- Medical Payments – pays medical
expenses for others injured on your property.
- Personal Liability – covers the
cost of property damaged by you or your family
Earthquake and Flood Coverage
Normally earthquakes and floods are not covered under
standard Alaska home insurance policies, but protection from
those situations is still available.
Earthquake or earth movement coverage is frequently
available as an addition to your original home insurance
policy. The insurance company may place specific requirements,
such as a secured hot water heater, before issuing the
coverage. Usually there’s a separate, higher deductible for
this coverage as well. Check the policy before you buy to
ensure it also covers aftershocks.
Flood insurance is available through the National Flood
Insurance Program. For more information, visit Floodsmart.gov.
Deciding How Much Alaska Home Insurance to
Most insurance companies have formulas to determine a
recommended amount of dwelling coverage. It is based on the
current cost to rebuild your home in the event of destruction.
The cost will not be the same as an appraised value, however,
because it does not include the cost of the land.
Normally homeowners buy enough coverage at least at 80% of
the home’s value. If there’s a mortgage on the property, the
lender usually requires a policy which covers the outstanding
To determine whether the recommended coverage level
is enough, consider the following three points:
- What is the purchase price for comparable homes in your
neighborhood (less the land value)?
- Have building codes changed, requiring more expensive
- Does your home have any extra features (expensive
kitchen cabinets, custom wood floors, etc). that add to the
value and would cost more to than usual to replace?
Personal Property Coverage
Usually insurance companies allow 50% of the dwelling
coverage limit for personal property coverage. This normally
covers replacing things like furniture, clothing, large and
small appliances, and the myriad of other items you own. Items
like computers, cameras, and musical instruments may have value
limits, so if you have expensive personal effects, make sure
that the policy coverage limits are sufficient to replace them;
if not, consider purchasing a extra coverage, known as a
personal property rider.
Affecting Alaska Home Insurance
Insurance companies use a variety of factors to
determine home owner insurance rates in Alaska. While some
factors are beyond your control, there are other things you can
do to lower the premiums:
- Construction type – frame houses
have higher rates than brick because they are more likely
to suffer damage during fires.
- Age of Home – New construction
will have lower rates than older homes, because fewer
things are likely to break since everything in brand
- Fire Protection – Each fire
department actually has a quality rating, and the higher
the rating of your local department, the lower your rates.
Also, there’s nothing better than having a fire hydrant in
your front yard.
- Safety Discounts – Installing
smoke detectors, dead bolt locks, and fire extinguishers
will lower your rates.
- Fire resistant materials – If
your home was built with fire resistant materials or you’ve
remodeled and added fire resistant materials to your home,
make sure to tell your insurance company so they’ll reflect
it in lower rates.
- Non-smoker Discount –
Statistically non-smokers have fewer claims than smokers
(especially fires), so let them know if you don’t
- Maintain Good Credit – The state
of Alaska permits insurance companies to use credit
information as a factor in determining rates, so good
credit means lower premiums.
More ideas on how to lower the cost of home insurance
are available at Home Insurance Shopping
Information on Alaska Home Insurance
For more information contact the Alaska Division of Insurance, 9th Floor
State Office Building, 333 Willoughby Avenue, PO Box 110805,
Juneau, AK 99811-0805, or call 907-465-2515.
Shop for Alaska Home Insurance
Now that you know the types of insurance available and how
rates are determined, it is time to begin comparison shopping
home insurance rates. Fortunately it’s easy to get free quotes
– just enter your zip code in the box below and you’ll
instantly be matched with the top insurance companies offering
coverage in your area. Click on the three or four which sound
best, request a free quote, and compare the results. Before you
know it, you’ll have the coverage you want at a price that
makes you happy. Don’t wait another second – enter your
zip code now.