A home is likely the biggest investment you and your family will ever make. You can trust that the professionals at Moberly Insurance Solutions have the knowledge and products to protect your investment at a great price.
We work with many carriers to provide the coverages you need at prices you can afford. More importantly we can explain what you are buying and coverages that you should consider. Even if you don't own your home, it is important to protect your belongings with renters insurance.
The most important coverage on a homeowners insurance policy is the coverage for the structure itself. This coverage provides protection against perils such as fire, wind, theft and vandalism. However talk to your agent about the many other coverages options a homeowners insurance policy can provide.
Your homeowners insurance policy not only protects the structure of your home, but also the things you have in it. Personal property coverage is often based off of the value of your home, most often 50%. This means that if your home is insured for $200,000, your personal property is insured at a value up to $100,000. If you desire more coverage talk to your insurance agent and often times that value can be increased. You may also choose to have your personal property settled at actual cash value in the event of a claim or add the replacement cost endorsement.
Liability coverage on your homeowners insurance policy protects you against any lawsuits that may arise due to bodily injury or property damage caused by you or your family. This coverage covers the cost the insurance company incurs for defense in court and will pay damages up to the policy limit desired.
Medical payments on a homeowners insurance policy provide coverage for injuries which may occur in your home. Most policies have between $1000 and $5000 worth of coverage for the injured person. This coverage does not apply to you or your family.
Additional Living Expenses
Coverage for additional living expense on a homeowners policy covers the insured for extra expenses they may incur while living away from their home due to a covered loss. For instance if your home suffers extensive damage from a fire; while your home is being repaired your insurance company will pay expenses for hotels and meals up to a specified amount on the policy.