If you own property in Missouri, it is important to purchase homeowners insurance. It will protect you from any damage or loss. A standard homeowners insurance policy covers your house, other structures on your property and personal belongings against a variety of perils, including fire, theft, and water damage.
Best Home Insurance in Missouri: Allstate USAA Liberty Mutual
Shop around for homeowners insurance if your budget allows. It is important to protect your most valuable asset by choosing the right insurance policy.
A good company will offer a balance between affordability, service quality, financial stability, and a high claims rating. MoneyGeek analyzed thousands of quotes to find the best Missouri homeowners insurers that offer these factors.
The best homeowners insurers in Missouri are Allstate, USAA and Liberty Mutual based on their customer ratings, deductible savings and coverage options. Allstate, USAA and Liberty Mutual offer first-time buyers and policy switchers discounts and educational resources.
Missouri Costs and Insurance Issues
Cost of homeowners insurance is affected by a variety of factors including location, age, and credit score. If you live in an area with high crime or tornado risk, your rates will be higher.
You should also check your state's insurance requirements. Some states require homeowners to carry specific types of insurance, such as earthquake or flood coverage. Shopping around is a good idea if the state you live in requires that you buy separate insurance.
Your home's age and its condition can also impact its insurance costs. Insuring older homes can cost more because they need more repairs and replacements.
If you live in an area that is prone to tornadoes, or if there are more natural disasters than average, it's worth adding coverages to the homeowners policy. These policies help protect you from losses and damage due to storms, landslides or earthquakes.
The following are some other insurances you might want to purchase:
Other structures on the property (garages or sheds), which are not connected to your house, may also be covered. These are usually covered by a separate insurance policy. This type of coverage is important to ensure that you can replace any structures that are destroyed or damaged during a natural disaster.
Depending on the coverage you choose, it will depend on your personal preferences and circumstances.
Full Replacement Cost
This option covers your home's reconstruction costs after a loss. This can be particularly helpful if you are a homeowner who is rebuilding from a major catastrophe.
The Extended Coverage
This insurance can be very useful for people who have made home additions, like a swimming-pool or hot tub. The cost of replacing items that are stolen or lost can be covered.
In addition to these standard coverages, you can also get a wide range of add-ons and endorsements for an additional fee. Additions that are popular to your Missouri home insurance policy include:
A Zero Deductible Benefit
Most insurance companies will offer you the option of having no deductible. This can help save you a significant amount of cash in case of a loss. This can help you lower your annual homeowners’ insurance rates. But make sure to understand how it works.