When purchasing homeowners insurance, it's imperative you understand the ins and outs of your policy. At Steven Hall – Farmers Insurance, the leading seller of home, auto, and life insurance in Mountain Grove, MO, we encourage you to ask your agent important questions about your homeowners insurance coverage. That way, you'll know exactly what you're getting and what each party's responsibilities are.

What to Ask About Your Homeowners Insurance Policy

1. What Are Your Deductible Amounts?

The deductible is the amount you must pay before your insurance kicks in. Deductibles often vary by peril—while some are a fixed dollar amount, others are a percentage of the claim. Make sure you know your deductible for each type of claim you could potentially file.

2. Is Your Home Covered for Market Value or Replacement Cost?

Ask if your home is insured for its market value—which can vary considerably—or for its replacement cost, which is usually less volatile. Confirm how much you can expect to recover in an event that leads to total loss.

3. Does Your Policy Cover Earthquake Damage?

Most basic homeowners insurance policies don’t cover earthquake damage. If you live in an area subject to this type of event, you may have to purchase this coverage separately.

4. Does Your Policy Cover Sewage Backup & Sump Overflow?

While some policies cover sewage or sump overflow damage, many do not. Make sure to ask whether you are protected against risks of this type so you know what you can expect to recover.

5. How Much Liability Coverage Do You Have?

Do you have considerable assets to protect? Ask how much liability coverage your policy provides and determine whether or not it’s enough. If you are ever sued for injuries or property damage, your savings, investments, property, and other assets are at risk of seizure. Plus, legal judgments and fees are often remarkably expensive.

6. Does Your Policy Cover Slander & Defamation?

Some policies automatically protect you against liability for slander, defamation, and other non-standard lawsuit claims. Ask your agent if you are covered against this type of liability.

7. Do You Have Enough Personal Property Coverage?

Find out how much personal property coverage your policy provides. Is it enough to cover the value of your appliances, furniture, clothing, electronics, and other belongings?

At our agency, Steven Hall – Farmers Insurance, we pride ourselves on premium customer service and unparalleled expertise. We will walk you through your homeowners insurance policy until you understand every detail. Visit our website to request a quote, or call (417) 926-7900 to speak to one of our friendly, helpful representatives.