If you own a home in Missouri, you should consider buying homeowners insurance to protect it from damage and loss. A standard homeowners policy will cover your house, your other structures and your personal possessions against various perils such as fire, theft and water damage.
Best Homes Insurance in Missouri from Allstate USAA Liberty Mutual
You should compare homeowners insurance rates if your budget permits. Choosing the right policy is crucial to protecting your most valuable asset.
A company that is reputable should be able to offer the right balance of affordability and quality service. They also need to have a strong claim rating. MoneyGeek reviewed thousands of quotes from Missouri homeowners insurance providers to determine which ones offer the most affordable rates, quality service, financial stability and a strong claims rating.
The best homeowners insurers in Missouri are Allstate, USAA and Liberty Mutual based on their customer ratings, deductible savings and coverage options. First-time homeowners, and those who switch their policies to them are offered educational resources as well discounts.
Missouri Insurance and Costs
Insurance rates for homeowners are affected by several factors such as your location and age. Residents of high-risk areas, such as a tornado belt, or cities with higher-than-average crime rates may have to pay more.
Check the insurance requirements in your state. Some states have insurance requirements for homeowners, including earthquake and flood coverage. Shopping around is a good idea if the state you live in requires that you buy separate insurance.
Age and condition of the home can affect insurance rates. The cost of insurance can be affected by the age and condition of your home.
If your home is in a tornado-prone region or has an above-average risk of natural disasters, you should consider adding additional coverages to your homeowners policy. These policies protect your house from storm-related damages and losses, such as those caused by landslides, tornadoes and earthquakes.
Some other coverages you should consider purchasing include the following:
Other structures that aren't attached to your home (garages and sheds) Most often, a separate policy will cover the damage. This type of coverage ensures that any structures destroyed or damaged in a natural disaster can be replaced.
You may choose to cover yourself with one of the following options, depending on your circumstances and preferences:
Full Replacement Cost
This option covers your home's reconstruction costs after a loss. This option can be especially useful if your home is being rebuilt after a major catastrophe.
Extended Coverage
This insurance can be very useful for people who have made home additions, like a swimming-pool or hot tub. You can also get coverage for the cost to replace your items, if they're stolen or damaged.
Add-ons and endorsements are available for an extra 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. It can be an excellent way to reduce your homeowners insurance rates, but make sure you fully understand the process before buying it.