Homeowners Insurance in Blue Springs, MO
Experts break down home insurance costs, coverages, companies, and more for property owners in Blue Springs, Missouri.
Nearly 60,000 people call the city of Blue Springs, Missouri home. Whether you are a lifelong resident or you recently moved to this Kansas City suburb, if you own a house in Blue Springs, you can benefit from having the protections offered by a good homeowners insurance policy.
Local independent agents are free to work with many of the area's best insurance companies. This enables them to find you a suitable policy at a competitive price. Contact an independent insurance agent near you to get more information and to start comparing customized home insurance quotes.
What Is Homeowners Insurance, and Is It Required in Blue Springs?
Homeowners insurance is a personal insurance policy designed to protect your finances in the event of a liability lawsuit and cover the investment you have made in your home and property.
If you are still paying for your house or owe money on a home equity loan or line of credit, your lender will likely require you to carry homeowners insurance coverage for the duration of your loan. Once you own your home with a clear title, this insurance is optional but highly recommended.
How Much Does Homeowners Insurance Cost in Blue Springs, MO?
The average homeowners insurance rate in Missouri is higher than the national average, and in Blue Springs, costs tend to run even higher. Shopping around for the best rate has the potential to save you hundreds of dollars a year.
- National average annual premium: $1,211
- Missouri’s average annual premium: $1,285
- Blue Spring’s average annual premium: $1,387
When calculating rates for your Blue Springs home, insurance companies will consider several factors, including things like:
- The year your house was built, its value, and the materials used in its construction
- The size of your home's living space in square footage
- The crime rate and weather risks where your house is located
- Your insurance claims history and credit score
- The size of your deductible
- Whether you are bundling your home insurance with other policies like car insurance, motorcycle insurance, or life insurance
Every insurance provider calculates rates in its own way. This means you are likely to receive different quotes from every company you contact. Comparison shopping lets you choose the policy that offers the coverage you want at the most affordable price.
Where Can I Find Cheap Homeowners Insurance Near Me?
Naturally, nobody wants to spend a lot of money on insurance. That's why some people choose to buy the cheapest home insurance policy they can find. However, this is not necessarily the most cost-effective way to cover one of the most valuable assets you own.
The cheapest policies typically have very high deductibles and limited coverage. They may also be written by insurance companies that provide poor customer service and leave you waiting a long time to receive compensation when you file a claim.
That is why skimping on your coverage to save money now may end up costing you more in the long run. The better way to save money is by finding the policy that offers the best value.
Independent agents want to ensure you have the coverage you need when you need it. They will help you review policies from various reputable insurers so you can choose the policy that provides all the coverage you want at the most competitive price.
What Does Homeowners Insurance Cover in Blue Springs, MO?
Homeowners insurance is designed to shield you from significant financial losses by providing you with three types of coverage:
- Property coverage
- Displacement coverage
- Liability coverage
Each of these coverage types is described in greater detail below.
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How Does Homeowners Insurance Cover Your Property in Blue Springs, MO?
Homeowners insurance is designed to cover damage to the structure of your house (this is called dwelling coverage) and loss or damage of your personal property (this is called contents coverage).
Your policy can protect you against most of the risks you are likely to face in Blue Springs, Missouri, including things like:
- Property crimes, including burglary, vandalism, and arson
- Fires, including damage caused by flames, smoke, and firefighting efforts
- Falling objects, including things like falling trees and hailstones
- Water damage, when caused by perils like leaky roofs and burst pipes, but not when caused by floods
- Severe weather, including hazards like lightning strikes, thunderstorms, windstorms, tornadoes, heavy snows, and ice accumulation
You will want to make sure that your coverage limits are high enough to enable you to rebuild a home of comparable size and replace all of your personal property. That way, you will be fully covered if a catastrophic event like a fire or tornado destroys your home.
How Does Homeowners Insurance Cover Blue Springs, MO Residents against Displacement?
There is a very high risk of tornado activity in the Blue Springs vicinity. The closest to strike was an F2 twister that touched down just three miles from the Blue Springs city center in 1965, causing around $250,000 in property damage.
If you are displaced from your home due to damage caused by a covered hazard like a tornado or a fire, the loss of use coverage in your home insurance policy can help by covering your extra living expenses. Loss of use insurance can cover things like:
- The cost of a hotel or other reasonable accommodations
- A meal and grocery allowance
- Moving costs and temporary storage fees
- Dry cleaning and laundry costs
- Mileage reimbursement if you have to drive further to get to work
- Pet boarding fees, if necessary
Loss of use insurance coverage can continue until repairs have been completed and your house is safe to move back into or until you have built or purchased a replacement home.
What Kinds of Liability Risks Can Home Insurance Cover in Blue Springs, MO?
Anyone can wind up on the wrong end of a liability lawsuit. Fortunately, in addition to covering your house and property, homeowners insurance provides you with a significant amount of personal liability protection.
Homeowners liability insurance is designed to cover court costs, legal fees, mediation costs, settlements, judgments, and other related expenses if you or someone in your household unintentionally cause someone else to suffer injuries, property damage, financial loss, or other harm.
Your liability coverage can pay for lawsuits related to things like:
- Injuries or property damage sustained by others (both on and off your property) that can be attributed to negligence on your part
- Damage or injuries caused by your children or pets
- Accusations of libel or slander
Most home insurance policies provide between $250,000 and $500,000 in personal liability protection. If you want even more coverage than your home insurance company offers, you can significantly boost your liability insurance levels by purchasing an umbrella insurance policy.
Do Residents of Blue Springs, MO Need Flood Insurance?
As mentioned earlier, homeowners insurance does not cover flood damage. Fortunately, Blue Springs does not have a high risk for flooding. Still, more than 1,000 residential properties in this city have at least a 26% chance of staining significant flood damage over the next 30 years.
According to FEMA, just one inch of rainwater in your home can generate as much as $25,000 in property damage. Therefore, supplementing your home coverage with flood insurance can prove invaluable if your house is among those at risk.
A local independent agent can help you review local flood risk maps and, if needed, can help you secure affordable flood insurance coverage through the National Flood Insurance Program (NFIP), a program that FEMA administers.
What Is the Burglary Rate in Blue Springs, MO?
The burglary rate in Missouri is higher than the national average, but in Blue Springs, the rate is lower. This is not to say that the risk does not exist—residents of this city report around 160 burglaries a year.
- Number of burglaries per 1,000 residents in the US: 3.76
- Number of burglaries per 1,000 residents in Missouri: 4.45
- Number of burglaries per 1,000 residents in Blue Springs: 2.13
It can be very stressful to be the victim of a property crime. However, you may gain some comfort in knowing that your homeowners insurance can help by reimbursing you for your lost property and covering the cost of repairing any damage the burglar may have caused to your house.
In many cases, you may qualify for rate reductions on your home insurance if you have security features like deadbolt locks, surveillance cameras, and burglar alarms installed in your house. Learn more about this and other potential home insurance discounts by talking to a local independent agent.
What Are the Best Homeowners Insurance Companies in Blue Springs, Missouri?
The best homeowners insurance companies are the ones that have consistently proven themselves in terms of reliability, responsive customer service, timely claims processing, and competitive rates.
Independent agents in Blue Springs have teamed up with some of the best homeowners insurance companies in Missouri, so they can help their clients find suitable yet affordable coverage.
Why Work with a Local Independent Insurance Agent?
Independent insurance agents make it easy to find the best and most affordable homeowners insurance coverage. These agents can save you time and money by answering your insurance-related questions, offering guidance and advice, and doing the comparison-shopping legwork for you.
Arrange an obligation-free consultation with an independent insurance agent in Blue Springs when you are ready for help finding the best and most affordable homeowners insurance policy.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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