You should purchase homeowners insurance if you own a house in Missouri to protect it against damage and loss. Standard homeowners insurance covers your home, any other structures on the property, and your personal belongings from a range of perils including theft, fire, and water damage.
Best Homes Insurance in Missouri from Allstate USAA Liberty Mutual
If you can afford it, shop around for the most affordable homeowners insurance. Protecting your most precious asset requires the right homeowners insurance.
A good company will offer a balance between affordability, service quality, financial stability, and a high claims rating. MoneyGeek looked at thousands of quotes and found the Missouri homeowners insurers with these features.
Allstate USAA Liberty Mutual are among the top homeowners insurers of Missouri. They were chosen based on ratings from customers, coverage options, and deductible savings. First-time homeowners, and those who switch their policies to them are offered educational resources as well discounts.
Missouri Insurance and Costs
Homeowners insurance rates are affected by many factors. These include your location, your credit score, and even your age. Residents of high-risk areas, such as a tornado belt, or cities with higher-than-average crime rates may have to pay more.
It is important to check with your state about the requirements for insurance. Some states require homeowners to carry specific types of insurance, such as earthquake or flood coverage. Shop around for the best price if your state mandates that you buy a separate insurance policy.
Insurance costs can be affected by the age and condition your home. The cost of insurance can be affected by the age and condition of your home.
Consider adding extra coverage to your homeowner's policy if you live in a region prone to natural disasters or tornadoes. These policies can help protect your home from damage and losses caused by tornadoes, landslides, earthquakes and other storm-related perils.
You should also consider the following coverages:
Other structures in your yard that aren’t attached to the house (garages sheds etc.). They are covered under separate policies. This coverage will ensure you can replace structures damaged or destroyed by a natural catastrophe.
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 can be particularly helpful if you are a homeowner who is rebuilding from a major catastrophe.
The Extended Coverage
This can be a useful coverage for those who added an addition to their home such as a spa or pool. You can also get coverage for the cost to replace your items, if they're stolen or damaged.
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
Some insurance companies have a zero-deductible policy that can help you save a lot of money if there is a claim. This is a good way to lower the cost of your annual homeowners' insurance, but you should understand its workings before purchasing.