Homeowners Insurance in Rhode Island

Insurance Quotes from Your Local Insurance Agency 

Looking for an insurance quote for your Rhode Island home? We can help. At Cross Insurance, we have relationships with over 100 insurance carriers – which means more options for our clients. We are a local insurance agency with a team based out of East Providence. Whether you enjoy the 400 miles of picturesque coastline or enjoy spending time at the over 50 museums Rhode Island has to offer, you can enjoy living in Rhode Island knowing that your home has appropriate insurance coverage. Request a quote by filling out our form here, or give our office a call.  

How Much is Homeowners Insurance in Rhode Island? 

Wondering what it will cost to insure your home in Rhode Island? The answer will depend on a few different factors, including, but not limited to:

  • How much coverage you choose
  • Where your home is located
  • How much it would cost to rebuild your home
  • The materials used to construct your home
  • The age of your home
  • Your claims history
  • The claims history of the area you are located in
  • How much the deductible on your policy is

To get a picture of how much you will pay, you can request a custom insurance quote from our office. You can fill out our form here, or give us a call.   

Is Homeowners Insurance Required in Rhode Island? 

Currently in the state of Rhode Island, homeowners insurance is not required by law. However, if you are obtaining a loan, your mortgage company will likely have requirements for homeowners insurance.

houses by the sea in Rhode Island

What’s Covered with a Homeowners Policy, and What Can You Add? 

Typically, a homeowners policy will cover the physical structure of the house, the contents, and additional living expenses that you may incur during a covered claim, such as staying in a hotel while repairs are made. You can also add additional coverage for things like jewelry or fine arts. A homeowners policy will also usually include personal liability coverage. Here are some additional coverages that you may be able to purchase to cover different items and circumstances:

  • Earthquake Coverage
  • Extended Replacement Cost
  • Jewelry Theft Floater
  • Fine Arts Rider
  • Water Back Up

Does My Rhode Island Home Need Flood Insurance? 

Typically, homeowners, condo, or renters insurance does not cover damages caused by floods. You can use this flood map from FEMA to see if your home is in an area with moderate or low flood risk. If your home is in a high-risk flood area and has a mortgage from a federally regulated lender, you likely will be required to have flood insurance. The average cost of a flood insurance policy in Rhode Island depends on the specific features of your individual property.

Even if your home is not located in a flood risk area, freshwater flooding from rainfall or through stormwater drains can significantly increase water levels. If you have concerns about the risk of flooding in your area, reach out to your local insurance agent to review your current policies and look at coverage options.

Reeds by the ocean in East Greenwich, Rhode Island

Common Disasters in Rhode Island 

According to FEMA, hurricanes and snowstorms are the most common disasters in the state of Rhode Island.

Replacement Cost vs. Actual Cash Value 

Do you know the difference between replacement cost and actual cash value? Actual cash value, sometimes shortened to ACV, commonly reimburses you for the current value of the item. This means the original cost, minus depreciation. Replacement cost value (RCV), on the other hand, typically will reimburse you for the current cost to replace the item. For example, if there was a covered loss in your kitchen and you needed to replace your appliances, furniture, and cabinets, replacement cost could give you the amount to go out and purchase these items new.

A yellow home and landscaped gardens next to a painted mailbox in Rhode Island

Ways to Potentially Save on Home Insurance in Rhode Island 

When it comes to saving, shopping around for different options never hurts. Reach out to your local insurance agent to request a quote for your Rhode Island home. Another option that can reduce your premium is purchasing multiple coverages from the same carrier, such as home and auto. Depending on what insurance carrier you purchase your policy through, there may be additional discounts for things like installing an alarm system or security cameras.

Other Insurance Coverages for Rhode Island 

Looking for options to cover your boat, RV, motorcycle, or car in Rhode Island? We can help find coverage options for you and look at possible bundling options. Reach out to our office today to speak to one of our experienced team members.


This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.

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