Brookhaven Homeowners Insurance

The small town of Brookhaven is home to under 13,000 people. People choose to live here because of the good schools, diversity, and charming lifestyle. If you have recently purchased a home, or were born and raised in Brookhaven, purchasing a homeowners insurance policy is a smart investment. It is there to protect your possessions and home against loss.

An independent insurance agent makes this process simple. They aren’t stuck to one insurance company, so they will comparison shop for you. When you’re ready, chat with an independent insurance agent to get started.

How Much Does Homeowners Insurance Cost in Brookhaven, MS?

The chart showcases some of the yearly average costs according to the value of your home in Brookhaven.  Of course, your exact rate will be dependent on factors specific to you. Insurers will calculate your rate according to things like:

• Location of home: Expect to pay a higher premium if you live in an area prone to natural disasters.
• Materials, condition, and the age of your home: A brick home will have a lower premium than a house made out of flammable materials. A home that is old or not well maintained will also have a higher rate.
• Claim record: The frequency of your claim history will translate into higher rates.

How to Save Money

It is always a good idea to shop around before you purchase your policy. Independent insurance agents will help with this step by comparing numerous premiums from a variety of insurers for you. Here are some things to consider before you invest in your policy:

• Home security discount: If you have a smoke detector, burglar alarm, or other security measures, these will qualify you for a discount.
• Maintain a good credit record: The insurer may use your credit information to price your policy, so having a solid credit history can cut your insurance costs.
• Home renovation credit: If you renovate your home’s plumbing, heating, cooling, or electrical system, it may qualify you for a credit on your premium.

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What Is Covered by Homeowners Insurance in Brookhaven, MS?

Your basic Brookhaven homeowners insurance will cover thinks like financial loss caused by weather (lightening, hail), and catastrophic events (fire, explosions). It will also cover things such as:

Dwelling: This is equal to your home’s replacement cost and will help pay to rebuild or repair your home and any structures that are attached (porch, deck, garage).

Personal property coverage: This should be enough to replace all your belongings and applies to everything in your home. You can use this coverage if you’re your belongings (clothes, toys, appliances, furniture) are stolen, vandalized, or destroyed.

Liability coverage: If someone is hurt on your property, this will protect you. For instance, if your dog bites someone on your property and causes harm to that person, this will kick in to cover you.

Additional living expenses (ALE): This is like your emergency fund when you become temporarily displaced from your home. It will cover staying in a hotel, or the added costs of eating out, doing laundry, or storage.

How Much Coverage Do You Need?

A good rule to abide by is to have enough homeowners insurance to:

• Reimburse your living expenses while you can’t live in your home
• Replace your belongings
• Rebuild your home
• Cover injuries and damage that happen on your property

An independent agent can help you figure out logistics for your property. They know the neighborhood and can help calculate the right coverage option.

What Is Not Covered?

Twelve percent of the properties in Brookhaven are at risk for flooding. Unfortunately, your homeowners insurance policy will not cover damage caused by this hazard. This may not seem like a high risk, but even a little flooding can cause major damage to your property and spur mold growth. You’ll need a flood insurance policy to reimburse you for any damage caused.

Your homeowners policy also won’t cover:

• Maintenance damage: Mold, infestation from termites and other pests, or damage due to lack of maintenance
• Sewer backup: You will need a separate policy to cover this

How to Find Homeowners Insurance in Brookhaven, MS?

Your home is most likely your biggest investment, so you can’t afford to be underinsured. An independent insurance agent will help answer your questions about coverage, get you competitive rates, and help you make an educated choice. When you’re ready, contact an independent agent to get started.