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Homeowner Insurance Coverages During Tornado Season

Unfortunately, tornado season has been a rough one this year. We have witnessed much devastation and couldn’t help but think, “I hope they had good homeowner insurance coverages”. This thought is not from a selfish standpoint, but rather a professional who knows the risks and can help people avoid total loss in the event of a covered peril.

The following video will explain how MJM Insurance of Fenton can help you.  Don’t wait until insurance companies put a freeze on writing policies! Call Today (636) 343-5000

 

Missouri Home Insurance | Protection Before Tornado Season

What’s in Your Policy? Do You Have The Right Coverages?

MJM Insurance of Fenton | Missouri Home Insurance | (636) 343-5000 First, let’s start with the safety factors for tornado season. We’re going to cover Missouri Home Insurance | Protection Before Tornado Season.  While no home can ever be made “tornado-proof,” homeowners prepare for tornadoes ahead of time can improve the odds of their home surviving high winds by taking these precautions.

According to wikipedia, a tornado watch is issued when weather conditions are favorable for the development of severe thunderstorms that are capable of producing tornadoes.  In most cases, the potential exists for large hail and/or damaging winds in addition to tornadoes.

A watch does not mean that the severe weather is actually occurring, only that atmospheric conditions have created a significant risk for it. If severe weather actually does occur, a tornado warning or severe thunderstorm warning would then be issued. Note that a watch is not required for a warning to be issued; tornado warnings are occasionally issued when a severe thunderstorm watch is active, or when no watches are in effect), if a severe thunderstorm develops and has a confirmed tornado or strong rotation.

Take these additional steps to protect yourself and your family:

  • Decide where your safe place is going to be.  An interior room, basement or local shelter.  When a tornado approaches, go there immediately. If you have no time to get to shelter, head to the center most part of your basement or home — away from windows and preferably under something sturdy like a workbench or staircase. The more walls between you and the outside, the better.
  • Become familiar with your community’s severe weather warning system and make certain every adult and teenager in your family knows what to do when a tornado watch or warning sounds.
  • Learn about your workplace’s disaster safety plans and similar measures at your children’s schools or day care centers.
  • Create a family plan in case you are able to move to a community shelter and identify escape routes from your home and neighborhood and designate an emergency meeting place for your family to reunite if you become separated.
  • Establish a contact point to communicate with concerned relatives. Keep in mind, when a tragedy hits a large geographical area, everyone is calling someone, or emergency departments from their cell phone.
  • Keep an emergency kit readily available.  Include a three-day supply of drinking water and food you don’t have to refrigerate or cook; first aid supplies; a portable weather radio; a wrench and other basic tools; a flashlight (there are flashlights with a wind up power source versus the need for batteries.  Consider extras like work gloves; portable lanterns; clothing; blankets; baby items.
  • Move anything in your yard that can become flying debris inside your house or garage before a storm strikes. Do this only if authorities have announced a tornado watch, however. If authorities have announced a tornado warning, leave it all alone.
  • Don’t open your windows. You won’t save the house, as once thought, and you may actually make things worse by giving wind and rain a chance to get inside.

A tornado can seriously impact many areas of your life – your home, your apartment, your car, your business!  WE CARE!

 

MJM Insurance of Fenton | Missouri Home Insurance | (636) 343-5000 There are many ways to purchase Missouri Home Insurance.  For homeowners to make sure they have the right protection in place, it is highly recommended to meet with a licensed insurance professional to review your policy.  There are many choices in coverages, endorsements, discounts, and more.  It can be a bit overwhelming, and our agents at MJM Insurance of Fenton can help.

Home Insurance policies in Missouri can be  very different and the price of insurance varies based off the risk of the home, location, etc.  If you can think of anything, realize that you’re not buying a commodity;  you’re protecting your financial well being…and the choices you make could affect you for the rest of your life.  After you read this post, check out our page for additional Missouri Home Insurance at Missouri Home Insurance Information.

Our motto is “Expect More. Receive More.”  MJM Insurance of Fenton is a full service independent insurance agency representing many of Missouri’s premier personal and commercial insurance carriers. With a combined experience of over 70 years in the Missouri insurance industry, our agents are knowledgeable and competent specializing in, not only home insurance, but also auto, renters, boat, motorcycle, business automobile, workers compensation, and general liability. With our utilization of cutting edge automation, we’re able to provide superior service to our clients including A+ rated insurance products.

So, let’s get together and review your homeowners insurance policy to make sure you have sufficient coverage to rebuild your life and home after a tornado. Report any property damage to your insurance agent or company representative immediately after a natural disaster and make temporary repairs to prevent further damage. For information about filing an insurance claim after a natural disaster, contact MJM Insurance of Fenton.

Here are a few link for you to become prepared, protect your family – including your pets!  

MJM Insurance of Fenton | Missouri Home Insurance | (636) 343-5000 Here in the USA, tornadoes have occurred in every month, so any time is a good time to review tornado safety procedures – for home, for school, for work, in the car, and while out and about. And if you are considering a storm shelter, take a look at Tornado Project Online to learn more about shelters.

If you don’t regularly watch or listen to the weather report, but strange clouds start moving in and the weather begins to look stormy, turn to your local radio/television station or visit www.weather.com to get the weather forecast.

Remember, if a tornado “watch” is issued for your area, it means that a tornado is “possible.”  If a tornado “warning” is issued, it means that a tornado has actually been spotted, or is strongly indicated on radar, and it is time to go to a safe shelter immediately.

Call Us – We’re Here To Help!

Source: Institute for Business and Home Safety. IBHS is a national nonprofit initiative of the insurance industry to reduce deaths, injuries, property damage, economic losses and human suffering caused by natural disasters.

 Missouri Home Insurance | Protection Before Tornado Season

Where to Learn More About Home Insurance in Arnold MO

Understanding Your Home Insurance Options

Where to Learn more about Home insurance in Arnold MO | MJM Insurance® of Fenton | (636) 343-5000

MJM Insurance® of Fenton knows it is important to help home owners understand their options and how to best protect their family and belongings in case of a loss.  Our agents are here to help home owners know where to learn more about home insurance in Arnold MO.

There are many coverage options you can have in your policy.  On your declaration page you will see several terms; including  dwelling coverage and personal property coverage.  The word dwelling in your home insurance policy actually refers to your home itself and attached structures, such as an attached garage.  One of our experienced agents can run a cost analysis that calculates the cost to rebuild your home. If you don’t adjust the amount of insurance for your dwelling appropriately, you may not have enough insurance to replace your home if disaster strikes.

Your personal property includes all your personal items, such as furniture, clothing, electronics, appliances, etc.  Your personal property limit is usually 70% – 75% of your dwelling limit.  However, you can adjust this upward if you need more protection, discuss your options with us. We’re here to help!

Detailed information about home owner insurance and how to contact us can be found on our website page: Where to Learn More About Home Insurance in Arnold MO.

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Fenton Missouri Insurance Agency

The #1 Fenton Missouir Insurance Agency That Works For YOU!

Fenton Missouri Insurance Agency | MJM Insurance® of Fenton | (636) 343-5000If you are looking for a Fenton Missouri Insurance Agency, consider speaking with our professional agents with MJM Insurance® of Fenton insurance agency. You may have seen the terms independent insurance agencies, captive agencies. and so forth.  We are going to explain the difference, and why you should visit our independent insurance agency – MJM Insurance® of Fenton.

It is important to select an agency with agents who have been licensed for longer than a few years–our agent staff has a combined experience of over 60 years in the insurance industry–they are knowledgeable and competent.  Our agency requires all staff to maintain their credentials so we are always up to date on the many changes within the insurance industry.  It is imperative to select an agency with up to date license. The Missouri Department of Insurance explains the agency requirements. Our agents’ license is proof they we have passed state examinations that require a thorough understanding of insurance policies and practices.  Rest assured, MJM Insurance® of Fenton insurance agency upholds to these standards.

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Fenton Missouri Home Insurance Information

Six Primary Coverages That Are Included in Your Home Policy

Fenton Missouri Home Insurance | MJM Insurance® of Fenton | (636) 343-5000Have you been searching for ”Fenton Missouri Home Insurance“ and you’re not quite sure what home insurance coverages are necessary to protect you, and one of your most valuable assets? Many of us have been in a situation where we need insurance and depend on our mortgage company or shop online, to find the least expensive home insurance coverage. Have you considered if something happens to your home, and whether your insurance policy will actually cover the damage?  Will it pay for ALL of it?  As a homeowner, there are many risks our agents can help you avoid.

For most people, insurance is confusing. Homeowners may not understand the liabilities that come with owning a home and the protection of having the right coverages in the insurance policy. Homeowners in Fenton Missouri should be aware that mortgage lenders require homeowners insurance.  This article, Fenton Missouri Home Insurance, will explain the primary insurance coverages that are included in your homeowners policy, what they mean, what is not covered, and additional coverages available to you.

FENTON MISSOURI HOME INSURANCE:  DEFINITION OF DWELLING

The word Dwelling in your home policy actually refers to your home itself.  It includes attached structures, such as an attached garage. The Amount of Insurance (Dwelling Limit) listing on your Declarations page indicates the maximum amount your insurance company will pay to replace your home if it’s destroyed by a covered claim. But,is it enough?

Don’t make the mistake, like many homeowners do, by thinking your homeowners insurance covers everything just because you have an insurance policy!  You must make sure your Dwelling Limit is enough to rebuild your home.

Contact MJM Insurance® of Fenton and one of our experienced agents can run a cost analysis that calculates the cost to rebuild your home.  Be sure to adjust the amount of insurance for your dwelling appropriately.  If you don’t, you may not have enough insurance to replace your home if disaster strikes.

Some policies include built-in protection above the stated Dwelling Limit – usually a percentage of the Dwelling – just in case the estimate is too low. We will make sure to discuss this with you as an additional protection feature.

FENTON MISSOURI HOME INSURANCE:  OTHER STRUCTURES

The most common “Other Structures” (structures not attached ot the dwelling) are sheds, stand-alone garages (known as “detached” garages in insurance terms), barns, pool houses, etc…  These structures are not directly attached to your home.  Other Structures have their own protection limit – the most your company will pay to rebuild them will be stated on your Declarations page.  This limit will be significantly less than the dwelling limit … typically 10% – 20% of the dwelling amount.  For most people that’s plenty of insurance for other structures.  But not for everyone.  You need to know what it would cost to rebuild or replace those structures if they’re destroyed.  Discuss it with the licensed professionals in our office. You can buy more protection for your other structures if you need it.

FENTON MISSOURI HOME INSURANCE:  PERSONAL PROPERTY

Your personal property includes all your personal items, such as furniture, clothing, electronics, appliances, etc. Similar to other structures, personal property has its own protection limit stated on your Declarations page.  And, again, this amount is the most the insurance company will pay to replace your personal property. You can also add a Ryder to your insurance policy that will cover jewelry; so long as you have the proper documentation like an appraisal from a qualified jeweler.  Your personal property limit is usually 70% – 75% of your dwelling limit.  However, you can adjust this upward if you need more protection,  Discuss your options with us. We’re here to help!Fenton Missouri Home Insurance | MJM Insurance® of Fenton | (636) 343-5000

Regardless of the protection limit for your personal property, there’s a very important question you must get answered.  How is your property protected?  It is determined by the “actual cash value” or “replacement cost”?  The difference is huge!  In very basic terms, if your property is protected on a replacement cost basis the insurance company will replace your old stuff with new stuff.  For example, if your 5-year old TV is destroyed in a covered claim, the company will pay for a brand new TV.  That’s a good deal for you.

But if your property is protected on actual cash value basis, an “allowance for depreciation” is applied to the cost of a new TV based on the age of your destroyed TV.  The result is you get a settlement amount less than the cost of a new TV.  To buy a new TV you’ll have to come up with the difference out of pocket.  Not as good of a deal for you.

Clearly, insuring your personal property on a replacement cost basis is a better advantage than actual cash value.  Sometimes it costs a bit more, but not always.  We can help you understand how how your policy works and can check the price both ways, to help you make the right decision.

FENTON MISSOURI HOME INSURANCE:  LIABILITY

Your liability coverage pays if someone sues you for their injuries due to a covered claim.  When we think of such accidents we most commonly think of injuries that occur on your property – someone slips and falls, a dog bite, etc….  However, the liability protection under your home policy extends beyond your property to your everyday life.  Liability Insurance helps protect you against the financial burden arising from injury (or property damage) that you or your family may cause to other people. It typically even covers injuries whether they happen on or away from your property.

Liability insurance is all about protecting your assets from someone who sues you.  So, you should have at least as much liability insurance as your financial worth.  However, more than that may be prudent, and you should discuss your needs and risks thoroughly with a licensed agent at MJM Insurance® of Fenton.  Your current liability limit will be stated on your Declarations page.

FENTON MISSOURI HOME INSURANCE:  MEDICAL PAYMENTS TO OTHERS

This coverage pays medical bills for a guest who is injured on your property or in another covered claim.  The idea is to do the right thing for someone – pay their medical bills – and then hope they don’t sue you.  This protection is inexpensive, but could save you major hassles by preventing a lawsuit.

FENTON MISSOURI HOME INSURANCE:  LOSS OF USE

Loss of use coverage provides monies for alternative living if your home is badly damaged and are you not able to live in it while it’s being fixed or replaced.  That means you may have to pay rent somewhere or staying in a hotel while you’re also paying your mortgage.  The Loss of Use coverage on your home policy pays those additional expenses for you.

Your Declarations page may state a dollar limit for this coverage, or it may state a time limit.  If there is a dollar limit, this is the most the insurance company will pay for these expenses.  If there’s a time limit, your insurance will pay all covered expenses regardless of the amount but only for the specified period.

Coverage Exceptions

Imagine your home is damaged by a vehicle crashing through the garage.  You call your insurance agent to report the claim, and then you hear the worst news possible, “I’m sorry that’s not covered by your policy.”  Fenton Missouri Home Insurance | MJM Insurance® of Fenton | (636) 343-5000Now, you have a real problem.

The unfortunate truth is no insurance policy covers you for everything that could possibly happen to you or your property.  However, with a little bit of understanding, you can make sure you have the protection you need, and you can rest easy knowing your claims get paid by the insurance company.

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”. Examples of “cause of loss” include fire, high wind, and other “perils”.

A standard home policy excludes many causes of loss.  That is, it does NOT protect you from certain perils – like earthquake, flood, termite damage and many more.  That means if your home is damaged by one of these excluded perils your policy will not pay and you have no insurance against them.

You can purchase additional coverage to protect you from perils like earthquakes and floods.  However, some excluded perils are not insurable, such as insect damage.  Be sure to discuss your policy exclusions with an agent in our office and we’ll help you determine the best protection you need.  Don’t be caught by surprise after the damage is done.

FENTON MISSOURI HOME INSURANCE:  SPECIAL LIMITS ON PERSONAL PROPERTY

As if your home policy wasn’t complicated enough already!  There are also “special limits” of protection for some of your personal property.  A “special limit” reduces the protection specifically available for certain types of property. Property subject to a special limit typically includes property used for business, cash & coin collections, jewelry & furs, guns, silverware, valuable art and more.

Additionally, some of these special limits apply only if the property is lost or stolen – making things just a little more confusing.  For example, the standard home policy typically includes $1,000 of protection for stolen jewelry. If your $2,500 diamond engagement ring is stolen, you will receive $1,000 from the insurance company.  Ouch!  And, if the stone falls out of the ring and is lost, there may be NO coverage at all!

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!

FENTON MISSOURI HOME INSURANCE:  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 Fenton agent to understand the coverages available and make good decisions about your protection.


MJM Insurance® of Fenton has access to many insurance carriers and thousands of different products to choose from.  These insurance carriers allow us to tailor an insurance policy specifically to your needs, and help cover your risks.

The Missouri Home Insurance Guide is a great resource to help you understand Fenton Missouri Home Insurance requirements.  Read through this guide and contact an agent with MJM Insurance® of Fenton to schedule a free consultation. (636) 343-5000

Fidelity National Insurance by MJM Insurance® of Fenton | (636) 343-5000 
Travelers Insurance by MJM Insurance® of Fenton | (636) 343-5000
Progressive Insurance by MJM Insurance® of Fenton | (636) 343-5000
Kemper Preferred Insurance by MJM Insurance® of Fenton | (636) 343-5000
The Hartford by MJM Insurance® of Fenton | (636) 343-5000
Hagerty by MJM Insurance® of Fenton | (636) 343-5000

Home Insurance Arnold MO

5 Tips For Getting The Right Home Insurance

Home Insurance Arnold MO | MJM Insurance® of Fenton | (636) 343-5000You may think getting the right Home Insurance Arnold MO means just calling an agent, giving him your address, what year the home was built, and some details on the property is enough.  Does your agent come to your home and take photos?  Do you think about telling your agent you have a swimming pool – or do you know if you live in a flood zone?

What if you have an above ground swimming pool and it collapses, flooding your basement?  What if your neighbor’s tree falls on your home?   Do you have a record of the content in your home and how it is covered by your homeowners insurance?

It is imperative to inventory the contents in your home.  Our agents at MJM Insurance® of Fenton can help you identify items in your home that should be recorded as inventory and documented.

If you own your home, contents or personal property insurance will be part of your overall house insurance policy. If you rent, it’s still important to get contents insurance as your landlord’s building policy will not cover your belongings.  There are many options when it comes to insuring the contents of your home. Understanding the coverage you need and the pros and cons of the major insurers will help you get the best coverage for the best price.

Below are a few tips when you search for  “Home Insurance Arnold MO.”

1. Perform a proper valuation of your contents.

First, your MJM Insurance® of Fenton insurance agent will ask you to estimate the value of your belongings. If you combine contents insurance with a house policy, the contents portion is often valued at a percentage of the house value. If you do not establish a detailed valuation of your assets, it may leave you underinsured or paying premiums that are too high. You should list all your assets and give them a fair market value.

2. Understand the limitations of your coverage.

Regardless of the contents policy you choose, it will not cover every loss situation or every asset. Your MJM Insurance® of Fenton insurance agent will explain the “exclusions or limitations” of your homeowners insurance policy and make so that you have any addtional endorsement to ensure you are covered.  The most common mistakes homeowners make are thinking their home insurance policy covers everything and do no seek the services of a professional insurance agent.

3. Do not buy home insurance on price alone.

Beware of the commercials that advertise “home insurance for as little as $10 a month”.  These low-cost policies only cover the minimum, leaving you at great risk. Don’t settle for cheap insurance and lose the proper coverage, customer service or timely claims payments. Your home insurance is going to be in place for a long time, so choose a company with a good reputation and a policy that meets your coverage needs.  We combine years of experience and top-rated companies and products to provide exceptional service and value to our clients.  Our trained, professional staff will do the research, analysis, and shopping for you.

4.  Expensive artwork, jewerly, and other “collectables” may need to be insured separately.

If you’re a collector of antiques or vintage items such as sports cards or antique glass, your collection will most likely not be fully covered under a standard contents policy. You may be able to obtain a rider on your policy to cover the collection, or you may have to obtain separate insurance for it. This is also true for large art collections and expensive jewelry.  If the collection is worth several hundred dollars or irreplaceable, you should have the items appraised. The appraisal certificate will be required by the insurance company to verify the contents exist.  We recommend keeping all your paperwork in a safe location, so that they are accessible in the event of a loss.

5. Shop price but compare ratings.Home Insurance Arnold MO | MJM Insurance® of Fenton | (636) 343-5000

As we have explained in other blog posts, every insurance company is rated by independent rating agencies. There are five major rating agencies that cover insurance companies, including A.M. Best and Standard & Poor’s. Standard & Poor’s provides ratings for entities that offer different types of insurance products and services including life insurance, property and casualty insurance, annuities, health insurance, reinsurance, title insurance, mortgage and bond insurance. Another rating agency is J.D. Power Insurance, they are your guide to finding which vehicle, health, and home insurers ranked highest in J.D. Power consumer studies.

More information about home insurance for Arnold Missouri can be found at Missouri Department of Insurance.  During your search for  “Home Insurance Arnold MO,” call an agent with MJM Insurance® of Fenton, we will be happy to assess your risks, shop top rated companies, and find the coverages you need for the best value.

 

Home Insurance Agent Arnold MO

If you have you been searching the internet for a “ Home Insurance Agent Arnold MO ”  your search is over!  The agents of MJM Insurance® of Fenton provide homeowners insurance and services by the top-rated insurance carriers in the country.  We have the products to protect your home in cases of fire, theft, storms and more.

Whether you’re just starting out renting or buying a home, or you’ve built the home of your dreams, MJM Insurance® of Fenton offers home insurance options that are right for you. We are your Home Insurance Agent of Arnold MO and can help you choose the best coverages to meet your needs.  From standard coverage options that provide basic protection for your home and property, all the way up to deluxe options that better protect your home’s value and assets like jewelry. You can even get coverage that protects you in the event of law suits or identity theft.  We also insure condos.

Home Insurance Agent Arnold MO | MJM Insurance® of Fenton (636) 343-5000

An MJM Insurance® Home Insurance Agent Arnold MO will get you the coverage you want with the savings you need. Our professional agents have access to a variety of insurance carriers that offer Homeowners Insurance, Renters Insurance, Landlord Insurance, Condo Insurance, Mobile Home Insurance, Catastrophe Insurance and more.

Since moving into your house, you’ve probably purchased a number of valuable items. At the very least, your house probably isn’t empty. Thankfully, your homeowners insurance covers some portion of your possessions after a loss, such as a fire or burglary. But how much does it cover, and is it enough to replace your most treasured assets?  How much have you thought about your insurance protection? If you have not taken a recent inventory and assessed the replacement value of your daily use items, it’s time for a review.  MJM Insurance® of Fenton agents have the tools and resources for you to take a proper inventory and make sure all the items are included.

Your basic homeowners insurance policy may not cover the replacement value of these items if they are destroyed or stolen. In this case, you may need to purchase a rider on your homeowners policy to cover these special items. Your local Home Insurance Agent Arnold MO can help to go over these items and the contents insurance needed to cover them.

MJM Insurance® of Fenton is committed to outstanding customer service.  We start by offering the best insurance products at a reasonable price. But it’s the MJM Insurance® of Fenton team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

Our “Home Insurance Agent Arnold MO” team is committed to professionalism.  Our dedication to superior client service comes from a culture of professionalism and respect. All of our associates at MJM Insurance® of Fenton have strong credentials and all of our policies are presented to you in a consistent and professional manner.

Home Insurance Agent Arnold MO | MJM Insurance® of Fenton (636) 343-5000You can depend on us to solve problems quickly.  MJM Insurance® of Fenton has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

Our agents have a strong work ethic and are committed to earning and maintaining your trust.  We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.

Your search for “Home Insurance Agent Arnold MO” is over.  Welcome to MJM Insurance® of Fenton.

Fenton Missouri Homeowners Insurance Coverage

Double check your Fenton Missouri Homeowners Insurance policy to make sure you’re completely covered.

Most years, hurricanes threaten the U.S. East Coast while wildfires and floods often plague the west and tornadoes remain a concern throughout much of the Midwest.  It is prime season for homeowner’s claims too, as residences often bear the brunt of all this wild weather. It’s also a good time for you to talk with your MJM Insurance® of Fenton agent to double-check your Fenton Missouri Homeowners Insurance Coverage and make sure you have enough protection in place should the worst happen to your home.

Nearly 2/3 of U.S. homes are underinsured, leaving almost two out of every three American homeowners at risk of financial disaster in the event of a catastrophe; meaning someone whose house cost $200,000 to replace would find themselves short by $36,000. Millions of homeowners throughout the nation are at risk of major financial loss should a natural disaster hit their neighborhood.Fenton Missouri Homeowner Insurance Coverage | MJM Insurance® of Fenton (636) 343-5000

Homeowners are often content with “guaranteed-replacement” or “extended-replacement” policies, which sound like they’ll cover the rebuilding of a home regardless of the cost. But true guaranteed-replacement policies are almost extinct, and virtually all insurers cap their payouts at 100% to 150% of the amount for which the home is insured.  A helpful tool when calculating the value/replacement cost of your home is AccuCoverage. The calculator walks you through a questionnaire that usually takes 20 to 30 minutes to complete and provides an estimated replacement cost.

Here are some of the more common mistakes that homeowners make that put them at risk.

Remodeling.

Renovating a home can be rewarding, but a costly experience.  Although remodeling your home may increase the property value; many people forget to call and update their home’s value.  Certain property improvements might even trigger new types of coverage as well.  For example, if a homeowner installs a swimming pool, they may need to upgrade homeowners insurance coverages.

Just covering your mortgage.

In an ideal world, the amount we owe on our home should be less than the actual value of our home. The 2008 real estate crash pretty well laid that “rule” to rest, but the fact remains that too many people just think about their mortgage value when selecting their homeowners policy. So, in the event of a loss, these homeowners can pay off their mortgage but not necessarily rebuild their home.

Wait, they update building codes?

Construction standards have evolved greatly over the decades. As a result, a lot of the work that was done years ago on older homes may not pass muster with today’s more stringent building code standards. That means, in the event of a disaster, older homes will need to not only be rebuilt, but brought up to code as well.  This can get expensive, and needs to be taken into account when updating homeowners insurance policies.

If you or someone you know have made modifications to the home, contact MJM Insurance® of Fenton for a free evaluation of your Fenton Missouri Homeowners Insurance Coverage to make certain your valuables are protected, just in case of a loss.  It’s better to be safe than sorry.

 


Why Choose MJM Insurance® of Fenton?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the MJM Insurance® of Fenton team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

We’re committed to professionalism

Our dedication to client service comes from a culture of professionalism and respect. All of our associates at MJM Insurance® of Fenton have strong credentials and all of our policies are presented to you in a consistent and professional manner.

We’re committed to solving problems quickly

MJM Insurance® of Fenton has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

We’re committed to earning and maintaining your trust

We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.

Insurance Savings Fenton Missouri

Insurance Savings Fenton Missouri by MJM Insurance® of Fenton  (636) 343-5000

Some things are like a light bulb coming on right in front of you.  Getting quotes from dozens of top-rated, Missouri insurance companies just makes a lot of sense.  A local agent, shopping my Fenton Missouri insurance, getting me the coverages that I need for the lowest cost!  How bright!

Let an agent with MJM Insurance® of Fenton  shop your insurance to find the best price for the coverages you need.  Save Time and Money!  For Insurance Savings Fenton Missouri, call  (636) 343-5000.

MJM Insurance® of Fenton is a full service Missouri Independent Insurance Agency representing many of Missouri’s premier personal and commercial lines insurance carriers.  We assess risks and shop for companies to find the best Fenton  Missouri Insurance coverage for the lowest price. With a combined experience of over 60 years in the insurance industry, our agents are knowledgeable and competent specializing in autohome, renters, boat, motorcycle, business automobile, workers compensation, and general liability.  For Insurance Savings Fenton Missouri, call  (636) 343-5000.

Does Home Insurance Cover Flood?

Many homeowners do not know they are at risk.

When buying a new home, typically the owners purchase insurance to cover the structure, personal items and medical in case someone is hurt on their property.  In most cases; however, the policies do not include flood damage. Standard policies do not cover damage caused by sewer backup or floods inside of your house, so you should buy a separate policy or endorsement to add the coverage to your home insurance policy.  The typical cost is approximately $40 to $50 per year.

Home Flood Insurance | MJM Insurance of Fenton

Unfortunately, we have seen new homeowners who have flood insurance with the bare minimum coverage, or their policy was limited. For example, Bob and Sue had a separate flood insurance policy in addition to their homeowners insurance. Although the area they lived in was not known for floods or near a water source (lake/ocean), they purchased the minimum coverage “just in case”.  Their policy was limited to $19,500 for damage to the house and $9,500 for the loss of its contents.  Like many people, Bob and Sue figured it was enough insurance, and didn’t see any reason to spend more than they had to on insurance coverage.

A few years later, the area that Bob and Sue lived was hit by a tropical storm and destroyed everything in the basement and garage. The water damaged all the walls, down to the wood studs.  The electrical system was destroyed along with the furnace, appliances, furniture, and stored items. The damage added up to $80,000.

Homeowners are at risk of losing all their valuables from a flood and not able to recover from a loss.  Its easy to protect yourself, and cost effective. You can buy flood coverage from MJM Insurance® of Fenton through the National Flood Insurance Program.  The maximum coverage is $250,000 for replacement value of the structure and up to $100,000 (actual cash value) for your personal possessions. The cost for flood insurance coverage in low-to-moderate-flood-risk areas may range between $414 to $1,958; averaging around $650/year.  Naturally, premiums run higher in high-risk coastal, riverside, and other areas.

If your home is subject to other perils not covered by your standard policy, including earthquakes, hurricanes, and hail, you should fill the gap with additional separate policies.  The agents at MJM Insurance® of Fenton will review your policy and ensure you are properly covered and completely protected.


Why Choose MJM Insurance® of Fenton?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the MJM Insurance® of Fenton team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

We’re committed to professionalism

Our dedication to client service comes from a culture of professionalism and respect. All of our associates at MJM Insurance® of Fenton have strong credentials and all of our policies are presented to you in a consistent and professional manner.

We’re committed to solving problems quickly

MJM Insurance® of Fenton has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

We’re committed to earning and maintaining your trust

We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.