Home Insurance
Owning a house in the state of Mississippi is full of risk. The state is known for its unpredictable weather: flooding, heavy storms, and hurricanes, especially in the coastal areas. If you are a Mississippi resident and you are shopping for home insurance, here is a list of things you should know about it:
Things to Know About Home Insurance
- It is not mandatory to have home insurance in Mississippi. However, if you plan to purchase a home, a lender will most likely require you to carry home insurance.
- Most standard home insurance in the Magnolia state does not cover certain things, including hurricanes and floods. Floods are widespread in this state, and it is important to protect your property against them. To do it, you should consider purchasing additional insurance - flood insurance - because standard home insurance will not cover it.
- Most standard home insurance policies in the Magnolia state include the following types of coverages: property damage coverage, additional living expenses coverage, medical payments coverage, liability coverage, and coverage for a dwelling and other structures.
- Some other things that are usually not covered by home insurance include normal wear and tear, damages caused by insects and rodents, movements (earthquakes and landslides), etc.
- One of the main factors affecting home insurance costs is how much it will cause to rebuild a house if it was seriously damaged or destroyed.
We Are Here to Help You
If you are a lucky resident and homeowner in the Magnolia State, purchasing home insurance is the right thing to do. Having a home insurance policy guarantees that the house itself and all personal stuff belongings will be protected financially. If you are currently shopping for this insurance and have any questions, you can always call us a call - The Ford Insurance Agency is always glad to assist you.
