Gilpin Agency Inc
109 W Main St, Parma, MI 49269
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109 W Main St, Parma, MI 49269
View this agency's profile to learn more about their services.
Learn about insurance coverage options specific to Parma residents.
Parma drivers need more than Ohio's 25/50/25 minimums. Learn actual costs, at-fault rules, and essential coverage for I-480 commuters in this Cleveland suburb.
Ohio law doesn't require homeowners insurance, but your mortgage lender will require it before approving your loan. If you own your Parma home outright with no mortgage, insurance is optional but highly recommended given the severe winter weather risks and potential flood exposure near the Cuyahoga River.
Parma homeowners typically pay around $971 per year for home insurance, which is significantly below Ohio's state average of $1,576. Rates vary based on your home's value, age, condition, and the coverage limits you choose. A policy covering a $200,000 home averages around $924 annually with a $1,000 deductible.
Standard homeowners insurance covers sudden and accidental damage from winter weather, including roof damage from heavy snow loads, wind damage, and ice dam damage. However, damage from poor maintenance isn't covered, so keep your roof and gutters in good condition. Burst pipes from frozen conditions are typically covered if the damage is sudden and accidental.
Many Parma homes should carry flood insurance, especially those near the Cuyahoga River. Cuyahoga County has documented repeat flood losses, and standard homeowners policies exclude flood damage entirely. Even if you're not in a designated flood zone, flood insurance through the National Flood Insurance Program provides crucial protection that your regular policy doesn't cover.
Water backup coverage protects you when sewage backs up into your home or your sump pump overflows during heavy storms. This isn't included in standard policies but can be added as an endorsement. Given Parma's severe weather and heavy precipitation events, water backup coverage is essential protection that most homeowners should add to their policies.
You can reduce your premium by increasing your deductible, bundling home and auto insurance with the same company, installing a security system or storm shutters, and maintaining good credit. Upgrading your roof, electrical system, or plumbing can also lower rates by reducing risk. Ask your insurer about all available discounts—many Parma homeowners miss out on savings they qualify for.
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