Property Insurance Information
Property Insurance - Missouri and Kansas
Home Insurance, Renters, Landlord Insurance, Mobile Home Insurance & Vacant Home
Your home is most likely your biggest investment and you need to make sure it is well protected. There are many different policies offering specific coverages for your property. If you live in your own home, then you most likely have the most comprehensive coverage that covers the dwelling, your personal property and liability coverage. If you own a vacant property, then you will see more limited coverage especially concerning your personal property since the risk of theft or burglary is increased.
We understand that every home insurance policy will be different, and we work diligently to make sure the coverage fits your needs and budget.
Most common coverage a home insurance cover are:
- Wind and Hail
- Theft and Burglary
Additional coverages you can add to your home insurance are:
- Business Property
- Water and Sewer Backup
- Satellite Dish Coverage
If you are not sure which property insurance is right for you, here is the break down:
Homeowners Insurance - also known as HO3, this is a owner-occupied policy and you must live at the covered property. Vacation homes can be also added to this policy.
Renters Insurance - also known as HO-4, this is a tenant policy which provides coverage for your personal belongings and has liability coverage, but does not insure the dwelling.
Condo Insurance - also known as HO-6, this policy is somewhat similar to renters, but it also extends to cover interior walls, fixtures and appliances. The exterior walls are not covered. Your must own a condo to qualify for this policy.
Mobile Home Insurance - this policy is similar to homeowners where is covers the building itself, your personal property and provides liability coverage.
Landlord Insurance - this policy applies to properties that are rented to tenants. It provides dwelling coverage, personal liability and limited personal property.
Vacant Property Insurance - this policy is for dwellings that are currently vacant, whether due to remodeling or waiting to be rented. Coverage includes dwelling, personal liability and limited personal property.
Options to consider when selecting property insurance:
There are two ways you can insure your property - Replacement Cost Value (RCV) or Actual Cash Value (ACV).
Replacement Cost is the most comprehensive coverage. It would replace your house in case of a total loss due to a covered peril. The dwelling insuring amount is typically higher than the market value of your home, since rebuild cost vary from state to state and it includes the cost of debris removal.
Actual Cash Value does not replace your house, instead the claim is settled based on the value of your home minus the land up to the limit selected.
Coverage not included in your property insurance:
Flood Insurance is not added to your policy. If your home is located in a flood zone, it is recommended that you purchase a separate policy that covers flood.
Earth Quake Insurance is also typically not a part of you home policy, instead you need to purchase a separate policy if you live in an area prone to earth quakes.
For more information on different property policies click below:
Vacant Property Insurance