Nixon & Lindstrom Blog

Every homeowner needs a good homeowner’s insurance policy, but most homeowners are also looking for value for money. Getting a comprehensive Missouri homeowners insurance policy that’s also affordable may be a bit of a balancing act, but it can be achieved if you follow some simple advice.

Don’t insure you home for more than you need to. The price you paid for your house is not the price it will cost to rebuild it if it was destroyed. The value of your house includes the land, and you don’t need to include the value of the land in your insurance. You do however need to be mindful of current day building costs when you insure, if you want your home to be rebuilt with materials of similar quality.

Although you should not over-insure, under-insuring is worse. It could mean having your house rebuilt with inferior building materials, or some of your possessions not being replaced. It’s wise to have a good idea of the value of your possessions when you insure them.

Also ask your Missouri homeowners insurance agent about any discounts you may be eligible for. You may receive discounts for installing security or disaster proofing items such as smoke detectors, fire sprinklers, window shutters, deadbolt locks and burglar alarms.

*