The Five Types of Missouri Home Insurance

If you’re a Missouri resident, make sure you have the right type of insurance to match your property and needs.  There’s even an unusual additional peril specified by the Missouri Department of Insurance that’s important to consider when buying Missouri Home Insurance.

The first type of home insurance is the Homeowners Broad Form (HO-2), which covers all the basic perils, like fire and smoke, windstorm, theft, vandalism, and many others, including volcanic eruption.

Homeowners Special Form (HO-3) is the second type, which covers all buildings from almost all perils except things like flood, earthquake, neglect, or nuclear war.  Personal property is also included in this policy.

The third policy type is the Special Homeowners Policy for Renters Contents (HO-4), specifically designed for individuals renting a home or apartment.  Coverage includes household contents, loss of use, liability coverage and medical payments.

The Homeowners Condominium Policy (HO-6) is designed for condominium unit owners.  It covers everything included in HO-2, plus personal property, liability and medical payments coverage.  Here it’s important to confirm that the policy allows for items not insured by the condominium association.

Finally Homeowners Actual Cash Value (HO-8) is designed for folks owning an older home which would be too expensive to cover at replacement value.  This policy will return the property to serviceable condition.

More information on Missouri Homeowners insurance is available through Insurance-Rates-Online.