Missouri residents know all too well just how damaging the severe weather the state is prone to can be. Tornadoes and other powerful storms can cause significant damage to homes, and they can happen at any time. Beyond the threat of inclement weather, homeowners face a variety of other risks, including theft, fires and guest injuries on your property.
The best way to protect against these risks is to have adequate homeowners insurance. If you’re in need of a quality homeowners insurance policy, call Sunstar Insurance Group. We’ve been in business since 1938 and are ready to help you get the insurance solution you need.
What is home insurance?
A standard homeowners insurance policy insures the home itself and the things you keep in it. It is typically a package policy, which means it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people.
How many types of homeowners insurance are there?
There are technically eight different types of homeowners insurance policies. Sunstar Insurance Group can help you determine what type of homeowners insurance is right for you or best fits your needs.
What does home insurance cover?
Homeowners insurance policies offer a diversity of benefits, each designed to offer targeted protection for a diversity of unexpected, unavoidable issues. These include:
- Structure protection: This insures your house in the event of damage from fires, weather, theft, vandalism or other hazards. Other buildings on your property – such as fences, carports, gazebos and detached garages - will have coverage.
- Possessions insurance: This pays for damaged belongings. Protection might cover everything from furniture to food in the pantry and computer systems.
- Additional living expense protection: Do you need to move out temporarily after household damage? Let this coverage reimburse you for expenses like dining or hotel bills.
- Liability coverage: If you accidentally harm someone else or damage their property, you can use this coverage to repay them. Coverage will often pay for incidents both on and off your property.
Depending on your situation and where you live, you may need to purchase additional coverage, including flood insurance or scheduled items coverage. Talk to Sunstar Insurance Group to determine what additional coverages you may need.
How much homeowners insurance do I need?
The amount of homeowners insurance you need will depend upon the rebuilding cost of your home (which is different from the market value of your home), the value of your personal contents, liability insurance needs, and loss of use coverage. Insurance needs will vary from person to person. Sunstar Insurance Group can help you determine how much home insurance you should have.
How much homeowners insurance is required for a mortgage?
Most mortgage lenders require homebuyers to purchase homeowners insurance before they approve loan applications. Generally, they will require you to obtain at least enough dwelling coverage for your home’s replacement cost value.
How to Get Home Insurance
Our agents are committed to helping clients get the customized policies that are perfect for them. That’s why we’ll work one-to-one with you to determine the best ways to get your home the coverage it deserves at prices you can afford.