Indianola Homeowners Insurance

With a low cost of living, diversity, and great weather, Indianola has attractions that draw people to live here. Over 55% of the residents own their home in this sparse suburban city. If you have decided to purchase a home in Indianola, investing in a homeowners insurance policy is a smart idea to protect your valuables from loss.

An independent agent makes this process easy. They aren’t stuck to one insurance company, so an agent will do the comparison shopping for you. When you’re ready, chat with an independent insurance agent to get started.

How Much Is Home Insurance Going to Cost You?

• National yearly average: $1,173
• Mississippi yearly average: $1,508
• Indianola, MS, yearly average: $1, 216

Insurance carriers will calculate the cost of your policy on things that are specific to you and your home. They’ll look to see how likely something bad is going to happen where you’re located. The more likely an unfortunate event will happen, the higher your rate will be. Insurers will look at elements like:

• Location of home: Expect to pay a higher premium if you live in an area prone to natural disasters.
• Materials, condition, and age of your home: A brick home will have a lower premium than a house made out of flammable materials. A home that is old or not well maintained will also have a higher rate.
• Claim record: The frequency of your claim history will translate into higher rates.

How Can You Save Money on Your Homeowners Insurance?

Before you take the step to purchase your policy, shopping around is the best idea. This ensures that you are getting the best deal with the coverage you need. An independent insurance agent can comparison shop for you, and that way, all you have to do is decide on your Indianola policy. Some discounts that you may be able to apply are:

• Home security discount: If you have a smoke detector, burglar alarm, or other security measures, you will be able to get a discount.
• Maintain a good credit record: The insurer may use your credit information to price your policy, so having a solid credit history can cut your insurance costs.
• Home renovation credit: If you renovate your home’s plumbing, heating, cooling, or electrical system, you may be eligible for a credit.

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What Does Your Indianola, MS, Homeowners Insurance Cover?

Your basic homeowners insurance will provide financial protection against loss due to disasters, theft, and accidents. The standard policy incudes four essential types of coverage:

1. Coverage for the structure of your home: This  pays to repair or rebuild your home if it is damaged or destroyed by disasters listed in your policy. Most policies will cover some damage caused to detached structures such as garage, porch, or tool shed.
2. Coverage for your personal belongings: You are generally covered 50% to 70% for the furniture, clothes, and other personal items destroyed during an insured disaster.
3. Liability protection: This covers you against lawsuits for bodily injury or property damage that you or family members cause to other people (this also includes pets). So if your kid accidentally hits a ball through your neighbor’s window, you are covered.
4. Coverage for additional living expenses (ALE): This pays the additional costs of living away from home due to damage from an insured disaster. It includes hotel bills, eating out, laundry services, and other costs. You will be covered until your home is done being rebuilt.

So How Much Coverage Do You Need for Your Homeowners Insurance in Indianola, MS?

This is going to depend on the value of your home and if you have expensive possessions. If you own extravagant art, antiques, or jewelry, it may be a good idea to purchase additional coverage. The basic homeowners insurance policy usually has a dollar limit on what it will cover.  An independent insurance agent can help you calculate how much coverage you need.

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 damages that happen on your property

What Is Not Covered under Your Homeowners Insurance in Indianola, MS?

Flooding is a common hazard in Indianola. Frequent severe storms often bring unexpected heavy rain which turns into flooding. Unfortunately, your homeowners insurance policy will not cover floods. It is a smart idea to purchase a flood insurance policy to protect against damage that is caused by floods.

Your flood policy will cover the cost to rebuild your home, which includes:

• Your home and its foundation
• Electrical and plumbing systems
• Kitchen appliances (refrigerator, stove, and other built-ins)
• Debris removal

How to Find Homeowners Insurance in Indianola, MS?

Your home is most likely your biggest investment, which is why you can’t afford to be underinsured. An independent insurance agent will help you answer your questions about coverage, get you competitive rates, and help you make an educated choice. When you’re ready, contact a Indianola independent agent to get started.