Gulfport Homeowners Insurance

Your Complete Guide to Gulfport, MS Homeowners Insurance

Find the right homeowners insurance policy for you.

More than 67,000 people live in Gulfport, Mississippi. It is the second-largest city in the state. Gulfport is situated directly on the Gulf of Mexico and is subject to extreme weather, including tropical storms and hurricanes. While residents and tourists enjoy Gulfport’s beaches and waterfront attractions, severe weather can make owning a home here a risky proposition. If you own a home in Gulfport, you need a reliable and responsive homeowners insurance policy. Enlist the help of an independent insurance agent in the area who can help you compare quotes and find the best coverage and price for your needs. 

Cost of Homeowners Insurance in Gulfport, MS

Mississippi is the 6th most expensive state for home insurance in the US, and the average cost of homeowners coverage in Gulfport is even higher than both the state and national averages. But that doesn’t mean you shouldn’t shop around for the best rates. 

  • National average yearly premium: $1,173
  • Mississippi average yearly premium: $1,508
  • Gulfport average yearly premium: $1,676

Your rates will be more or less than the average for your city. If you live in a ZIP code with a high crime rate or that is highly susceptible to natural disasters, you can expect to pay more than someone living in a safer area. The high cost of coverage is Gulfport is likely attributable to the risk of tropical storms and hurricanes. Some of the individual factors that insurance companies use to determine rates include:

  • The size, age, and value of your house 
  • Whether the property is your primary residence or a second home
  • The number of stories in your house and whether it has a basement
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • The amount of coverage you need and your deductible

Shopping around for the best rates is easy with the help of an independent insurance agent. Independent agents aren’t tied down to one carrier, so they can obtain multiple quotes and help you make an informed choice. 

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Burglary Rate in Gulfport, MS

The crime rate in Mississippi is higher than the national rate, and the rate in Gulfport is even higher.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Mississippi: 7.81
  • Number of burglaries per 1,000 homes in Gulfport: 8.78

It’s important for Gulfport residents to take precautions to safeguard their homes from burglaries, break-ins, and vandalism. You can install security lights and cameras, use deadbolt locks, and leave lights on when you are away from home. One of the best deterrents is a home security system. It can keep burglars away, alert you when break-ins are attempted, and may even help you get a discount on your home insurance. 

If you are the victim of a break-in or burglary, your homeowners insurance can help you get back to normal. It will reimburse you for damage to your home as well as stolen or damaged possessions. And your independent insurance agent will be there to help you throughout the claims process. 

Catastrophic Events in Mississippi

On August 29, 2005, Hurricane Katrina hit Gulfport. Most of the city was flooded or destroyed by 16 hours of hurricane-force winds and a 28-foot storm surge. Before Katrina, Hurricane Camille caused widespread damage to Gulfport on August 17, 1969. 

  • Number of declared disasters in Mississippi: 72
  • Most common reasons for disasters in the state: Severe Storms and Hurricanes
  • Average number of tornadoes per year in Mississippi: 45.1
  • Average amount of property damage per year in Mississippi: $414,262,000
  • 1 in 15 insured homes has a claim each year

Your home insurance is designed to protect you when severe weather or other disasters strike. While major hurricanes have devastated Gulfport on two occasions, smaller severe storms bring wind, hail, and rain damage on a regular basis. With a reliable homeowners insurance policy, you’ll be able to make repairs to your roof or siding with minimal hassle if you sustain property damage after a storm. 

Keep in mind that hurricane wind damage is covered by your home insurance policy. But flooding is not covered, even if it is caused by heavy rains or storm surge during a hurricane. Gulfport residents must learn about the importance of flood insurance and consider purchasing a policy from the National Flood Insurance Program (NFIP). 

home

Save on Home Insurance

Our independent agents shop around to find you the best coverage.

Liability Insurance for Gulfport Homeowners

Homeowners may face claims of negligence at any time. If someone gets hurt on your property or your child or pet causes an injury or property damage, you may need to pay for the injured party’s property repairs or medical bills. What’s more, you could be sued and face extensive legal costs to defend yourself or settle the issue. Your home liability insurance covers the costs of these kinds of lawsuits. It pays for court costs, attorney fees, and even any settlements or judgments that you are required to pay. It covers situations like:

  • A guest getting injured on your property
  • Your pet biting a passerby
  • Your child damaging a neighbor’s home
  • Accusations of slander or libel (e.g., you are accused of slander for something you posted online)

Some Gulfport residents might want more liability coverage than their home insurance allows. In these cases, a personal umbrella insurance policy offers supplemental liability coverage beyond the limits of your home insurance and car insurance. A local independent insurance agent can help you review your options and compare costs.

Second Home and Vacation Home Insurance

Maybe you own a vacation home on the beach or a condo that you rent out to tourists. If you own more than one house, you need insurance that appropriately covers all of your properties. A house that is not your primary residence has additional risk factors and considerations, so insurance companies may require it to be covered by different types of insurance. 

  • Vacation houses that are periodically unoccupied face particular risks, unlike primary residences. Property damage and break-ins are more likely in unoccupied homes, so these properties may need to be covered by vacant home insurance
  • Owners of rental properties have higher liability risks. If you own a rental property, you might require increased liability coverage but less coverage for the contents of the property. Landlord insurance can help you properly cover your rental property. 

Your local independent agent can help you obtain multiple quotes for your additional properties. You can choose the coverage that best fits your needs.

Why Work with an Independent Insurance Agent?

Independent insurance agents make comparison shopping for Gulfport home insurance easy. Independent agents work with several different insurance companies, so they can help you find the right coverage for your needs and budget.

Contact a local agent for customized quotes now. 

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com