Byram Homeowners Insurance

(Find the best homeowners insurance policy for you)

Written by Emily Colosimo
Written by Emily Colosimo

Emily Colosimo is an insurance writer from TrustedChoice.com. She has been a writer since 2014 with a bachelor's degree in Public Relations. Emily has advanced her copywriting and SEO skills with prior work at multiple non-profit organizations around the world.

Updated
Byram Mississippi homeowners insurance

As a small suburb of Jackson, Byram offers its homeowners excellent schools, a low crime rate, and diversity. Seventy-three percent own their home because it is a great place to raise a family. If you have chosen to make Byram your home, make sure you purchase a homeowners insurance policy to keep you, your loved ones, and possessions safe from loss.

An independent insurance agent can make this simple for you. If you are a first-time home buyer or just want consulting on your coverage, an agent can help. They’ll do the comparison shopping, so all you need to do is decide what is right for you. When you’re ready, talk with an independent insurance agent. 

How Much Will Homeowners Insurance Cost You in Byram, MS?

Byram Home Value Yearly Average Byram Homeowners Insurance
$100,000-$124,999 $761
$125,000-$149,999 $952
$150,000-$174,999 $1,132
$175,000-$199,999 $1,304
$200,000-$249,999 $1,570

The table shows around what you might pay yearly according to your home value. Your exact rate will vary on specific features about you. Insurers are going to look at your home and history to calculate your exact rate. So be prepared for them to look at 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 Can You Save Money on Your Homeowners Insurance in Byram, MS?

Before you purchase any policy, you should always shop around. Luckily, an independent insurance agent will do this step for you so you don’t have to. They will compare multiple premiums from numerous insurers to find you discounts, such as:

  • Home security discount: if you have a smoke detector, burglar alarm, or other security measures, you will qualify for this discount.
  • Maintain a good credit record: Insurers 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, you may be eligible for this credit on your premium.
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What Is Covered by Homeowners Insurance in Byram, MS?

Your basic Byram homeowners insurance policy will cover your home and some of your possessions in case something happens. This will prevent you from paying out of pocket so you can get you back to normal life.

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?

This will depend on how much your home and valuables are worth.

A smart guide to follow 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

Calculating how much coverage you need, or should have, can be difficult. An independent insurance agent will do this step for you. They know the Byram community and will lay all the information out for you.

What Is Not Covered under Your Byram Homeowners Insurance?

Almost every spring, heavy rains leaves Byram streets engulfed with water along the Pearl River. Homeowners are left with flooded kitchens, bedrooms, and garages that are completely destroyed. Unfortunately, your homeowners insurance policy will not cover devastation caused by flooding, so it’s a good idea to purchase a flood insurance policy. This will ensure that you are covered when flooding comes and destroys your home and possessions.

Your coverage will also not cover sewer backup and maintenance damage (mold, termites, or other pests). You will need to purchase a separate policy to cover this.

How to Find Your Homeowners Insurance Policy in Byram, MS?

Your home is most likely the most expensive thing you own, which means 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.

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