If you’re a homeowner in Missouri, it’s vital to grasp the extent of coverage provided by your homeowner’s insurance policy. This knowledge will empower you to make well-informed decisions regarding your insurance needs and options.

What Is A Homeowners Insurance Policy?

A homeowner’s insurance policy is a contractual agreement between you and your insurance provider, safeguarding you against financial losses resulting from covered events such as fire, theft, or vandalism. These policies are readily available from major insurance companies in Missouri, providing flexibility and the ability to modify your coverage as needed.

Homeowner's Insurance Covers In Missouri.

The Reasons Why It’s Important To Have A Homeowner’s Insurance Policy Include The Following:

  • It protects against financial loss if something bad happens to your home or possessions inside it. Most people buy this type of coverage because they want peace of mind regarding their property in case something bad happens (like a fire). If no one has insured their house with an adequate amount of money then they’re gambling with everything they own – which means that any damage done out of pocket will affect them financially for years after buying something brand new again (if possible).
  • A homeowners’ insurance policy provides liability protection for bodily injury claims made against someone living within its scope (up to $1 million per person/ $3 million total). This includes medical expenses resulting from accidents caused by negligence on behalf of yourself/family members residing at said residence!

Important Coverages That Every St. Louis Homeowners Insurance Policy Should Have

You Should Consider These Supplemental Coverages:

  • Personal Property Coverage. This is the most basic homeowner’s insurance policy, and it covers your property against losses caused by fire or other perils. You can purchase additional personal property coverage if you have expensive items that would be difficult to replace on short notice (jewelry, furs, and art collectors’ items).
  • Personal Liability Insurance. This is an optional protection that pays for your legal defense costs in case someone sues you because of injuries they got while visiting your home.
  • Guaranteed Replacement Cost Coverage. Your home may have been built decades ago at no extra cost when you purchased it. However, by now its value has appreciated dramatically—and this type of coverage allows for the adjustment of premiums as years go by due to inflationary increases in construction material costs and labor prices.
  • Increase Liability Limits
  • Medical Payments Coverage
  • Replacement Cost (for high-value home insurance). If there was ever a catastrophic loss where all or most of your house was destroyed—say from a tornado or wildfire—you could lose everything inside it along with having nowhere left to live until repairs were completed. This kind of protection will help ensure those types of losses don’t happen to homeowners!
  • Coverage for loss of use (also called “dwelling”) means that if something happens within the walls/floors/ceiling/roofs etc… then any losses incurred due to damage would be covered under this policy as well.”

Increase liability limits

What Is Liability Insurance?

Insurance policy on table.

Under a homeowners policy, you are required to have at least $100,000 per accident for bodily injury liability (BI) coverage. This is the amount of money you would be responsible for paying if someone were seriously injured or killed while in your home. You may also have to pay medical bills and other expenses related to their injuries or death. The amounts of BI coverage vary depending on the claims-paying ability of your insurance carrier and how many people live in your household. If more than one person lives with you, you will need higher limits of liability protection.

What Does A Homeowners Insurance Policy Cover?

This can be confusing for many people who buy homeowners insurance because they think it protects them from everything that could happen during their time period covered by the policy—but this isn’t true! A good example is fire protection: although most policies provide some form of this coverage as part of their standard package (for example), additional coverage might be needed if living on an island where fires are common occurrences during certain seasons like summertime when temperatures soar into triple digits every day during July through August!

Another example might be vandalism since vandalism usually occurs when someone breaks into an occupied home while its owners aren’t there so they wouldn’t know anything happened until after returning later that evening only noticing something had been missing without any signs being left behind such as broken glass windows or doors; however if these items existed before then there wouldn’t necessarily need additional vandalism coverage unless something got stolen too (like jewelry).

Does My Missouri Homeowners Insurance Policy Cover These Mishaps?

Most Homeowner’s Policies Cover The Damage From A Variety Of Common Incidents, Such As:

  • Fire
  • Wind and hail
  • Theft and vandalism

The most important thing to remember is that your homeowner’s insurance policy will not cover flood damage. You’ll need to purchase a separate policy for that.

What Does My Homeowner’s Insurance Cover?

Homeowners insurance covers your home and its contents. It also protects you financially if someone is injured on your property.

In addition to the structure of your home, homeowners insurance may cover:

  • Personal belongings, such as furniture and electronics
  • Personal liability for injuries to others on your property that are not connected to an auto accident (for example, if someone slips on the ice in front of your house)

Your Homeowner’s Insurance Does Not Cover

St. Louis Homeowners Insurance Facts

Homeowners insurance is a type of property insurance written on a dwelling that protects against losses to the building itself and its contents.

Homeowners insurance falls into two categories: private mortgage insurance (PMI) and private mortgage protection (PMP). PMI is generally required when you take out a mortgage over 80% of your home’s value; it protects your lender by guaranteeing that if you default on your loan, they will be able to recover enough money to make up for their loss. In contrast, PMP covers certain losses that result from natural disasters or other events beyond your control and can be canceled at any time without penalty.

Flood disaster in residential areas.

In some cases, homeowners may choose to cancel both types of coverage to save money on their monthly premiums; however, this means they will not have financial protection should their house sustain damage in an unforeseen event like a fire or flood damage from severe weather such as a tornado.

You and Your Family

Homeowners insurance protects you and your family from financial loss in a fire, theft, or another disaster. It also helps you recover from lawsuits and provides coverage for medical expenses if an accident occurs on your property.

The most important coverages that every St. Louis homeowners insurance policy should have are:

  • Personal Property Coverage – This covers items like furniture, clothing, and electronics in your home whether they’re inside or outside of it. It also covers jewelry that is not worn around the neck (e.g., watches).
  • Loss Assessment Coverage – If someone sues you after an accident at their home and wins their case against you (i.e., they decide that it was your fault), this coverage will reimburse them for any losses they sustained as a result of the accident (e.g., repairing damaged property). However, note that it does not apply to liability suits against others who were injured by your actions — only those who seek compensation for what happened on your premises.


I hope this guide has given you a better understanding of what homeowners insurance covers and the importance of purchasing one for your home. If you want to learn more about St. Louis homeowners insurance, visit our St. Louis homeowner’s Insurance policy page, or call us at (314) 842-0960.

Once you have decided to go with IASTL based on price and coverage, use our form below to contact us. We hope this post helps with learning about what your homeowner’s insurance covers in Missouri or anywhere else.

Missouri Homeowner’s Insurance FAQ

Q: Why Is Missouri Homeowners Insurance So Expensive?

A1: Home insurance costs more in Missouri due to factors like weather-related risks, crime rates, and property conditions. Shopping around for quotes is advisable.

Q: Is It Illegal To Not Have Insurance In Missouri?

A: No, Missouri doesn’t legally require homeowners insurance, but it’s still highly recommended.

Q: Can Homeowners Insurance Drop You After A Claim?

A: Yes, it’s possible, depending on the insurer and your claims history. Discuss this with your insurer before filing a claim.

Q: What Types Of Insurance Are Not Recommended?

A: Certain insurance types might not be cost-effective for everyone, including extended warranties for inexpensive items, credit card payment protection, pet insurance (depends on your pet’s needs), and travel insurance for short, domestic trips (check your existing coverage). Always assess your specific needs and consult with an expert.

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