Need a Homeowners Insurance comparison in Springfield?
If you’re like most homeowners in Springfield, your home is your most valuable asset. When your home becomes damaged or destroyed, you need your claim settled by an insurance company that gets the importance of the place you call home.
Millennium Brokers can help you find homeowners insurance that can best meet your needs. We can provide you a valuable combination of tailored coverage, quality service and competitive pricing.
Note: if you are looking for homeowners insurance for a rental property, or home that is un-occupied, you cannot use traditional homeowners insurance. You need a “specialty dwelling” policy which we can also help you with.
Regardless of whether you live in Springfield or any other part of Missouri, homeowners insurance is one of the most important insurance policies you could ever own.
It’s important to understand that no two homeowners insurance policies are the same. Different policies offer different levels of coverage. Some have different endorsements and riders to choose from. Policies may also have difference conditions and limitations.
Springfield Homeowners Insurance
If you’re not using an independent agent in Springfield like us, it can be hard, if not impossible to tell the difference between two homeowners policies.
Whether you own or rent, insuring the place you call home can help protect you if you suffer a finical loss due to fire, theft, vandalism, or other covered events. It can also provide you coverage when a guest gets injured while on your property and wins a legal judgment against you.
Homeowners insurance policies differ by what losses they cover, the coverage you choose, and what type of home you own or rent. You choose which policy is best for you. From a comprehensive policy that covers losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property. To a policy that covers only specified losses listed in the policy.
Common Home Insurance Coverage
These are some common coverage you typically see on a policy:
Dwelling — this is the part of your policy that covers the dwelling (main house). The cost to replace your home can fluctuate from time to time. This can vary due to the cost of raw material and labor to rebuild your home. Supply and demand of materials can also effect your replacement cost.
We’ll run a replacement cost analysis for your to review when determining how much coverage to select.
Other Structures — this covers most structures on your property that are not permanently attached to your house. This could include fencing, driveways, sidewalks, and detached buildings like sheds and garages. Usually this coverage is 10% of your Dwelling limit. In most cases you can select how much coverage you want for these structures.
Personal Property — this covers belongings like clothing, furniture, electronics, and appliances. Basically anything that would fall out of your house if you turned it upside down and shook out the contents.
Loss of Use — this can give coverage for temporary extra expenses you may have because your insured home is unlivable after a loss your policy covers.
Medical Expense —this can provide limited medical expense coverage for guest who gets injured on your property. In certain cases it can coverage injury to others off of your property. It does not coverage healthcare costs for you or other members of your household.
Family/Personal Liability — this typically provides a set amount of coverage for specific type of injury that you cause to others. This can also provide coverage for damage to others property. When choosing your liability coverage limit, consider things like how much money you make and the things you own. Your personal liability coverage should be enough to protect your assets and more. Often, an Umbrella policy is a great way to protect yourself.
Scheduled Personal Property — most homeowners policies have pre-set limits for items like Guns, Jewelry, Rugs and Silver. Many policies give the ability to add high value items to their policy. This is usually referred to as a ‘rider’ and will provide coverage for the specific items.
How to get started with your homeowners quote
Every home is unique, and that means they need a carefully crafted policy.
Either way, we make the process super simple!