Cleveland, MS Homeowners Insurance

The population of Cleveland is nearly 12,000, and over 50% of its residents own their homes. Many decide to live here because of its suburban feel and diversity, and because it’s a great place to raise a family. If you have decided to call Cleveland home, make sure you invest in a homeowners insurance policy. This will protect your possessions and home against loss.  

Whether you’re a first-time home buyer or just want to update your homeowners coverage, an independent insurance agent can help. They will make this process simple by comparing multiple quotes for you. When you’re ready, chat with a local independent agent to get started.

How Much Does Homeowners Insurance Cost in Cleveland, MS?

Mississippi is one of the most expensive states for buying home insurance. Even though it's more expensive, having insurance is super-important. Every year homes endure severe weather and other hazards that cause serious damage.

• National average yearly rate: $1,034
• Mississippi average yearly rate: $1,508
• Cleveland average yearly rate: $1,323

Your exact rate will be tied to certain factors about you. Insurers will be looking at specific things to calculate your rate, such as:

• The condition of the home: They look at the materials used in it construction, its age, and how well your home has been maintained.
• Location of the home: They look into statistics about the neighborhood and how often natural disasters occur.
• Claims record: They want to know how many times you have filed a claim; the more claims filed, the higher the premium.

How to Save on Your Policy

Before you purchase your policy, it’s a smart idea to comparison shop. An independent insurance agent will help you with this step by comparing multiple premiums from a variety of insurance companies for you. Here are some ways to save money:

• Bundle your policies: An easy way to save money is to combine your home and auto coverage with the same company.
• Make your home secure: Upgrading your outdated security systems and making your house tougher to penetrate in cases of threats such as burglary, fires and storms.
• Improve your credit score: Take steps to shore up your credit by paying your bills promptly, paying off card balances, and fixing any errors. This will help bring your score up.

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What Is Covered by Homeowners Insurance in Cleveland, MS?

A basic homeowners insurance will typically cover:

• 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 your belongings (clothes, toys, appliances, furniture) are stolen, vandalized or destroyed.
• Liability coverage: If someone is hurt on your property, this will protect you. If your dog bites someone on your property and causes harm to that person, this will kick in to cover you.
• Additional living expenses: This is like your emergency fund when you become temporarily displaced from your home. It will cover staying in a hotel and the added costs of eating out, doing laundry, or storage.

You might also want to purchase additional coverage for greater protection. Chat with an independent agent to figure out if you may need increased insurance.

What Isn't Covered?

Unfortunately, your homeowners insurance policy won't cover damage caused by flooding. As the environment and weather patterns change, flood risks will increase. Around 672 homes are already at risk in Cleveland, and this number will continue to grow. You’ll need a flood insurance policy to compensate you for any damage caused by a flood.

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

How Much Coverage Do You Need?

The amount of coverage you choose will have a significant impact on your premium. If you have valuable items such as expensive antiques or jewels, they won’t be covered in your basic policy. You may need to include extra coverage to make sure your protected from loss.

A good rule of thumb 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 the exact amount of coverage you need. They know the Cleveland area and can assist in calculating the correct coverage option you want.

How to Find a Homeowners Insurance Policy in Cleveland, MS

Your home is probably your largest investment, 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.