Missouri Home Insurance Coverage Options

General Coverages and Customized Policies

St Louis Missouri Home Insurance | MJM Insurance® of St Louis City |(314) 645-2100MJM Insurance of St Louis City understands the various needs of Missouri homeowners, and can help homeowners understand the available Missouri Home Insurance Coverage Options.  Our agents offer complimentary reviews of the homeowner’s current policy and determine if the homeowners insurance coverages properly protects the individual and/or family with dwelling, personal property, other structures, liability, medical, and specialized insurance coverages.

Homeowners may know that their insurance covers the house they live in, maybe their shed and personal items.  But how many of them actually know what it would cost to rebuild their house after a disaster?  Homeowners should conduct a home inventory of their personal belongings and calculate current “actual cash value”.  There are many items to consider, which is why it is important to consult with a licensed agent with MJM Insurance of St Louis City.  Our licensed insurance agents will walk you through each step of buying homeowners insurance, so that you make the right decision for you and your family.

Missouri Home Insurance Coverage Options – Standard Policy

Section I – Property Coverages Section II – Liability Coverages

Coverage A – Dwelling

Coverage B – Other Structures

Coverage C – Personal Property

Coverage D – Loss of Use

Coverage E – Personal Liability

Coverage F – Medical Payments to Others

*No deductible



Dwelling coverage protects the physical structure of your home, all structures attached, such as an attached garage, building equipment, fixtures and outdoor equipment used for the service of the dwelling premises.

Missouri Home Insurance Coverage Options | MJM Insurance of St Louis City | (314) 645-2100Other Structures
This type of insurance can help protect the physical structure of buildings on your property that are separate from your home, such as a shed or a stand-alone garage.

Personal Property
Personal property coverage can help protect the contents inside your home.  Personal contents are defined as the contents in your home such as furniture, clothing, electronics, TVs, dishes, etc.

Loss of Use
Loss of Use protection applies when the insureds are not able to occupy the premises due to a covered loss.  Coverage includes any necessary increase in living expenses that may be incurred in order for the homeowners and their families can maintain a normal standard of living.

Missouri Home Insurance Coverages | MJM Insurance of Fenton | (636) 343-5000Personal Liability
Personal liability protects the insured from a lawsuit, for which the insured was legally responsible. For example, if someone would file a lawsuit and sue the homeowner after being injured on the insured’s property.

Medical Payments to Others
This type of coverage can help cover the cost of medical expenses for a person who’s injured on your property. For example, the person who is injured on your property does not want to sue you, but simply wants the medical bills covered.


Missouri Home Insurance Coverage Options – Deductibles

A deductible is the amount the policyholder must pay before any claim is paid by the insurance company. If the policy has a larger deductible, then the premium could be lower.  Some insurance companies sell homeowners insurance policies with percentage deductibles for wind and hail damage, and a flat dollar amount for theft and other damage.

Flat Dollar Deductibles – The insurance company subtracts this from the amount it will pay for a claim. So if a homeowner has $1,000 worth of damage and a $500 deductible, the insurance company pays $500 and you’re responsible for $500. If you have $500 in damage, your insurance company is not responsible for any portion of that claim.

Percentage Deductibles – Percentage deductibles are based on the insurance value of the home.  So if a house is insured for $100,000 and has a 2 percent deductible, $2,000 will be subtracted from any claim the insurance company pays. Additionally, with a percentage deductible, as property value increases, the amount of the deductible will also increase.

MJM Insurance of St Louis City recommends contacting a licensed agent to get advice before filing a claim.   As homeowners consider their insurance options, it is important to carefully review and make sure they understand their deductibles for various types of damage and losses.

For more information, please enjoy the following video courtesy of  The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP)

Missouri Home Insurance Coverage Options – Replacement Cost Coverage

Mortgage lenders require homeowners to invest in homeowners insurance for at least the value of the money borrowed. This means if you insured your home for the initial amount of the mortgage (let’s say $175,000) your insurance company will only pay up to this amount to have your home rebuilt. Keep in mind, the rise in labor and material costs will certainly add to the overall cost of rebuilding; resulting in your home being underinsured. That is where a home replacement cost policy comes in.

Missouri Home Insurance Coverage Options – Extended Replacement Cost Coverage

Homeowners can purchase a higher level of protection from an extended home replacement cost policy. The extended home replacement cost option will pay a specified percentage over the limit to rebuild your home. If building costs unexpectedly go up in your area, an extended home replacement cost policy may pay more than the limit of a policy.  Each carrier offers different benefits.

Missouri Home Insurance Coverage Options – Guaranteed Replacement Cost

A guaranteed home replacement cost option pays whatever it costs to rebuild the home, no matter how much local construction costs have skyrocketed. Neither a guaranteed home replacement cost or extended home replacement cost policy will pay for a more valuable home than the one that was destroyed.  Replacements costs can range between 125%-150% or more.

Missouri Home Insurance Coverage Options – Optional Coverages

Inventoried ItemsMissouri Home Insurance Coverages | MJM Insurance of St Louis City | (314) 645-2100

Not many people can remember, much less account for, everything in their house from memory. Most people can’t, which is why having a home inventory is so important. A home inventory kept in a safe place, with receipts and purchase information if possible, will ensure you get reimbursed quickly.

Missouri Department of Insurance Home Inventory Checklist

Equipment Breakdown
Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment and applies to the cost to repair or replace the equipment. Resulting business income and extra expense loss is often covered as well. Equipment breakdown insurance is increasingly replacing traditional boiler and machinery insurance, simply because the title is more accurate to the coverage provided. 

Scheduled personal propertyMissouri Home Insurance Coverages | MJM Insurance of St Louis City | (314) 645-2100

Coverage for valuable appraised items such as engagement rings or fine antiques.

Water backup
Coverage that can help protect against water damage caused by your drain backing.  Sewer and drain backup covers damage caused by water backup from drains, sewers or sump pumps.

Business property
Coverage that can help protect business-related items stored in your home, like products you are planning to sell.

Identity theft restoration

If you become a victim of identity fraud, you’ll have expense reimbursement and personal help for the recovery process. This type of insurance can help cover the cost of legal fees, lost wages and other costs involved with having your identity stolen.

Sports equipmentMissouri Home Insurance Coverages | MJM Insurance of St Louis City | (314) 645-2100
Additional insurance coverage that can help protect expensive gear like golf clubs, ski equipment, kayaks and more.

Green improvement reimbursement
A type of insurance coverage that can help pay you back for the additional cost of replacing damaged or destroyed covered items with more energy-efficient items after a loss.

Yard and garden
Expanded coverage for items like trees, landscaping, riding lawnmowers and more.

Electronic data recovery
Additional coverage that can help with the cost of recovering lost personal computer data, such as photos or videos.

Musical instruments
Expanded insurance coverage for items like guitars, violins and more.

Missouri Home Insurance Coverage Options – Discounts

There are many ways to save on home insurance in Missouri. There are a wide range of discounts to help lower home insurance premiums. Our licensed agents can help homeowners understand which Missouri home insurance discounts would best meet their situation.

Multi-policy Discount
When you have two or more insurance policies, you can save big. Insuring your home and car together could help you save up to 30% with some carriers.

EFT Payments
Carriers encourage electronic payments. Discounts may be offered when you set up automatic payments from your checking or savings account.

Paper Free BillingMissouri Home Insurance Coverages | MJM Insurance of St Louis City | (314) 645-2100
Carriers also encourage consumers to save paper. They reward the “green” customers for their contribution.

Claim-free Discount
Get up to a 20% discount when you switch to Allstate without a home insurance claim.

Advance Quote Discount
When you sign up for a new policy before your current one expires, you could save up to 10% on your home insurance premium.

Home Buyer Discount
If you purchase a newly constructed home, you could save up to 10%. Recent home buyers may also qualify.

Safe home discount
Insurance carriers reward homeowners who take the extra step to protect their home against fire and theft, like a home security system.

55 and retired discount
Over the age of 55 and retired? As about discounts!

*There are also home insurance discounts for smoke-free homes,
homes with storm shutters, homes with hail-resistant roofs and more.*

Missouri Home Insurance Coverage Options – Coverage Exceptions

The right homeowners insurance coverage can bring peace of mind. However, there are a few things that do not fall under the standard policy, including Flood damage and Earthquake damage.  A standard home policy excludes many causes of loss, like earthquake, flood, termite damage and many more.

The National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP.


Earthquake insurance must be purchased as separate coverage, called an “endorsement.” This type of insurance requires that the earthquake is the direct cause of damage to the property. Natural disasters can, in many instances, trigger other events that may also damage property. One example is earthquakes causing bodies of water to produce waves, resulting in flooding.

Just because you have an insurance policy, it does not mean everything and everyone in your home is covered.  Your home insurance policy does not cover you against every “cause of loss”.  Be sure to discuss your policy exclusions with an MJM Insurance of St Louis City agent.  We’ll help you determine the best protection you need.  (636) 343-5000 | St Louis City@alternatives.insure

Missouri Home Insurance Coverage Options – Special Limits on Personal Property

Yes there is more!  — “special limits” of protection for some of your personal property.  A “special limit” reduces the protection directly available for certain types of property. The personal property subject to a special limit typically includes property used for business, cash & coin collections, jewelry & furs, guns, silverware, valuable art and more.

Most carriers require that the personal property for special limits coverage requires a certified value assessment. Additionally, some of these special limits apply only if the property is lost or stolen.  For example, a standard home policy includes $1,000 of protection for stolen jewelry. If a $2,500 diamond engagement ring is stolen, the insurance carrier will award the insured $1,000.

It is very important you fully discuss these conditions and special limits with our agents and buy the protection you need.  Otherwise, you could find yourself with a very nasty surprise … an unpaid claim!

Missouri Home Insurance Coverage Options – Other Exclusions and Options

The standard home policy have exclusions for many reasons.  But then the insurance company gives you an opportunity to buy some of them back. So, you have the option of increasing protection where you personally need it.

There are literally dozens of optional coverages available in your home policy.  Here are some of the more common options available to you:

  • Identity Theft – many home insurers now offer protection for Identity Theft in their home policies.  This will help pay the expenses you incur to restore your identity if it’s stolen.
  • Water & Sewage Backup – the standard home policy excludes damage caused by a water or sewage system backup.  You can buy this protection if you want it.
  • Ordinance & Law – pays the increased costs of repairing or rebuilding your home that are required to be build in accordance to current building codes.
  • Packaged Endorsements – often times an insurance company will package the optional coverages people most commonly buy into a single endorsement for a lower price.

There are many more optional coverage and exclusion buy-backs our agents can explain to you. Its worth the time to spend with your MJM Insurance of St Louis City agent to understand the coverages available and make good decisions about your protection.

Give us a call! (314) 645-2100 Our agents will conduct a free assessment of your current policy and we will shop your insurance for you! That’s right, simply provide your declarations page to an agent and we can process the assessment.

Our goal is to ensure you are properly protected!

Glossary of Insurance Terms

Click here for the Glossary of Insurance Terms and Definitions that are commonly used in the insurance business.

The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.

The National Association of Insurance Commissioners offers a complete Insurance Term Glossary for consumers.

Helpful Resources Provided By The Missouri Department of Insurance

Homeowners Insurance guide
Basic information needed when buying or using your homeowners coverage.
Homeowners policies
View policies from some of the state’s largest insurance companies.
Homeowners insurers by county
For your county, retrieve the list of active homeowners insurers and their contact numbers.
Companies offering earthquake insurance
Top 20 homeowners insurance companies writing policies for new customers.
Home inventory checklist
Creating a list of your possessions will help you file an insurance claim in case of theft, fire or other damage.
Frequently asked questions
FAQs about homeowners insurance.
Glossary of terms (categorized)
Frequently used terms about auto, homeowners, workers comp and other insurance.
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