Homeowner insurance quote in Missouri is not as expensive as you may think for your condo, house, or mobile home. Homeowner insurance coverage in Missouri is right in the middle of the state rankings on average insurance rates in the U.S. Ranked at No. 25, annual premiums are pegged at a low of $707 to a high of $765.
Basic homeowner insurance in Missouri has three major types of coverage. The types of coverage are, namely:
· Actual Cash Value: Covers replacement of the home and/or personal belongings after taking into account property depreciation
· Replacement Cost: Covers replacement of the home and/or personal belongings without taking into account property depreciation
· Guaranteed Replacement Cost: The most expensive type of coverage, it guarantees rebuilding of the home to its exact condition prior to the disaster.
The standard homeowner insurance policy also includes Personal Liability Coverage in case the homeowner and/or the family members cause bodily injury or property damage to another individual.
Financial protection is also provided in the event of damage to the home and loss or damage to personal belongings when caused by the following perils or hazards:
· Fire and smoke
·Windstorm, including hurricanes and tornadoes
· Riots or civil commotion
· Theft and vandalism
· Falling objects
· Weight of ice, snow or sleet
· Freezing of plumbing, heating, air conditioning or other household systems
Excluded from the standard policy is structural damage to the home and loss or damage to personal belongings caused by:
· Homeowner neglect
· Intentional loss
· Earth movement (or earthquake)
· General power failure
· Acts of war
To aquire flood coverage, homeowners should apply for a separate policy from the National Flood Insurance Program.
The Missouri Department of Insurance, Financial Institutions and Professional Registration has several recommendations for homeowners who are shopping around for that policy which fits their needs.
· Get multiple policy quotes from the various insurance providers in the area.
· Make sure that insurance agents or brokers are licensed by Missouri’s Department of Insurance.
When getting policy quotes, provide the insurance companies with the following information:
· The area of the home in square feet
· Description of the home
· Location of the home, especially if it is in a designated high-risk area
· Photographs of the home
· Distance of the home from a fire hydrant and the nearest fire department
· Installed protection gadgets and security alarms in the home
· Coverage that the homeowner wants to avail of
Some residents may not be able to avail of homeowner insurance from private insurance providers for reasons that include low credit score and that the home is situated in a disaster-prone area. Thankfully, those who have been rejected three times could secure a policy via the Missouri Property Insurance Placement Facility, or FAIR Plan, offering protection for damages or losses resulting from fire, windstorm, smoke, hail, explosion, vehicles or aircraft, riot or civil commotion, vandalism and malicious mischief.
Excluded from the FAIR homeowner insurance in Missouri is damage or losses resulting from theft or liability insurance.
Find homeowner insurance rates in each of these Missouri cities
Affton – Arnold – Aurora – Ballwin – Barnhart – Bellefontaine Neighbors – Belton – Berkeley – Black Jack – Blue Springs – Bolivar – Boonville – Branson – Brentwood – Bridgeton – Cameron – Cape Girardeau – Carthage – Caruthersville – Chesterfield – Chillicothe – Clayton – Clinton – Columbia – Concord – Crestwood – Creve Coeur – De Soto – Des Peres – Dexter – Ellisville – Eureka – Excelsior Springs – Farmington – Ferguson – Festus – Florissant – Fort Leonard Wood – Fulton – Gladstone – Grandview – Hannibal – Harrisonville – Hazelwood – Independence – Jackson – Jefferson City – Jennings – Joplin – Kansas City – Kennett – Kirksville – Kirkwood – Ladue – Lake St. Louis – Lebanon – Lee’s Summit – Lemay – Liberty – Manchester – Maplewood – Marshall – Maryland Heights – Maryville – Mehlville – Mexico – Moberly – Monett – Murphy – Neosho – Nevada – Nixa – O’Fallon – Oakville – Olivette – Overland – Ozark – Park Hills – Perryville – Poplar Bluff – Raymore – Raytown – Republic – Richmond – Richmond Heights – Rolla – Sappington – Sedalia – Shrewsbury – Sikeston – Spanish Lake – Springfield – St. Ann – St. Charles – St. John – St. Joseph – St. Louis – St. Peters – Sullivan – Sunset Hills – Town and Country – Trenton – Troy – Union – University City – Valley Park – Warrensburg – Washington – Webb City – Webster Groves – Wentzville – West Plains – Wildwood
Homeowner insurance in Missouri provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan can help you make the best choices about this important protection for you and your family. Get free quotes on homeowner insurance in Missouri above.