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Congratulations on buying your first home! Whether it’s a single dwelling, part of a duplex, or a condo in a high-rise complex, you’ll probably need to buy homeowners insurance to sign on the dotted line for your mortgage and final sales agreement. This insurance is in your best interest, as well as your lender’s, and Steven Hall - Farmers Insurance of Mountain Grove, MO, has all the answers you need to make a smart choice about your policy.

Here’s what homeowners insurance does for you:

  • Replaces the Building & Possessions in Case of Loss: If you suffer a loss of the home due to fire, theft, or through storm damage, your homeowners insurance will help you to rebuild the property and replace personal possessions, including clothing, furniture, and appliances.
  • homeowners-insuranceProtects You From Liability Claims: If a guest trips and injures themselves on your front stairs, your homeowners insurance policy can cover their medical bills and expenses. Some policies cover dog bites and damage to your neighbor's property due to faulty fencing or a fallen tree as well.
  • Maintains the Property Value: Sometimes, your roof will be damaged over the winter due to ice and wind. Your homeowners insurance will make these repairs more affordable, ensuring your property maintains its market value over time. This, in turn, supports a strong real estate market for the entire neighborhood.

Rates for homeowners insurance can vary, so it's a good idea to do some comparison shopping before you make an offer on a new property—this way, you’ll get the best possible insurance policy for your money. When you’re ready to learn more, call Steven Hall - Farmers Insurance in Mountain Grove at (417) 926-7900.

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