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 protects your house and other structures in your yard, as well as your personal belongings, against a wide range of perils. These include fire, theft, water damage, and windstorm.
Best Home Insurance in Missouri: Allstate USAA Liberty Mutual
If your budget allows it, you should shop around for the best deal on homeowners insurance. The best policy to protect your biggest asset is the one you choose.
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, and Liberty Mutual are the best home insurers in Missouri based on customer ratings, savings from deductibles, and coverage options. They also offer educational resources and discounts for first-time homeowners and those who switch to their policies.
Missouri Costs & Insurance Issues
The cost of homeowners insurance depends on a number of factors, including your location, your age and your credit score. If you live in an area with high crime or tornado risk, your rates will be higher.
Also, check the insurance requirements of your state. Some states require that homeowners have specific insurance coverage, like earthquake or flooding coverage. Shop around for the best price if your state mandates that you buy a separate insurance policy.
Age and condition of the home can affect insurance rates. Insuring older homes can cost more because they need more repairs and replacements.
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 help protect you from losses and damage due to storms, landslides or earthquakes.
Consider purchasing the following additional coverages.
Other structures on the property (garages or sheds), which are not connected to your house, may also be covered. They are covered under separate policies. It is essential to have this type of insurance coverage in order to replace any damaged or destroyed structures during a 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 is particularly useful if you're a homeowner rebuilding your home after a major tragedy.
Extended Coverage
This can be a useful coverage for those who added an addition to their home such as a spa or pool. It can also cover your costs of replacing lost or stolen items.
Add-ons and endorsements are available for an extra fee. Some popular additions to your Missouri homeowners 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.