Homeowners Insurance in St. Peters, MO
Part of being a responsible homeowner is obtaining a well-rounded insurance policy that can offer financial protection for a range of risks. Being a homeowner can be exciting and fulfilling, but many hidden risks could pop up unexpectedly. It’s essential to understand your homeowners insurance options and their coverage.
Homeowners Insurance Coverage Options
The following are standard homeowners insurance coverage options:
- Dwelling coverage—Most homeowners need dwelling coverage, which can help financially protect the physical structure of your home from unexpected perils. These harmful incidents can include fire, falling objects and vandalism.
- Personal property coverage—This is similar to dwelling coverage, but instead, it offers financial protection for the personal belongings inside your home, such as electronics, appliances and furniture.
- Liability insurance—This type of coverage can be essential if you plan on having other people on your property. This can include guests, delivery people or service providers. Liability insurance can help you financially cover injuries to third parties for which you are found responsible. For example, if your porch has a broken step and a delivery person falls and breaks their leg, you could be found liable. It can also cover third-party property damage.
- Additional living expenses coverage—This coverage can help pay for living expenses if your home becomes uninhabitable due to a covered event. For example, if you have a kitchen fire, your insurance can pay for alternative living arrangements while it is being repaired.
Is Homeowners Insurance Legally Required?
Homeowners insurance is typically not legally mandated; however, it is a requirement for most lender agreements. It may also have an impact on your ability to hire contractors. For example, if you need to hire a plumber, they may not want to work with you if you are uninsured. Homeowners insurance offers essential financial protection for life’s unexpected events. Without it, you would have to pay for costly events out of pocket.
Learn More
Contact Cloverleaf Insurance today to discuss your home insurance coverage.