Homeowners Insurance Information

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Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you. 

What is Homeowners Insurance?

 Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses 


Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it's important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance


Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses

Coverage for the Structure of your Home

Your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy. Most policies also cover detached structures such as a garage, tool shed or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of the house.


A standard policy will not pay for damage caused by a flood, earthquake or routine wear and tear.

When purchasing coverage for the structure of your home, remember this simple guideline: Purchase enough coverage to rebuild your home.

Coverage for Your Personal Belongings

 Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. The coverage is generally 50 to 70 percent of the insurance you have on the structure of the house.


The best way to determine if this is enough coverage is to conduct a home inventory.


Personal belongings coverage includes items stored off-premises—this means you are covered anywhere in the world. Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. You also have up to $500 of coverage for unauthorized use of your credit cards.

Expensive items like jewelry, furs, art, collectibles and silverware are covered, but there are usually dollar limits if they are stolen. To insure these items to their full value, purchase a special personal property endorsement or floater and insure the item for its officially appraised value.


Trees, plants and shrubs are also covered under standard homeowners insurance—generally for about $500 per item. Trees and plants are not covered for disease, or if they have been poorly maintained.

Liability Protection

Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. So, if your son, daughter (or even your dog) accidentally ruins a neighbor’s expensive rug, you are covered. (However, if they destroy your rug, you’re out of luck.)


The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit stated in your policy documents.


Liability limits generally start at about $100,000, however, it’s a good idea to discuss whether you should purchase a higher level of protection with your insurance professional. If you have significant assets and want more coverage than is available under your homeowners policy, consider purchasing an umbrella or excess liability policy, which provides broader coverage and higher liability limits.


Your policy also provides no-fault medical coverage, so if a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. This way, expenses can be paid without a liability claim being filed against you. It does not, however, pay the medical bills for your own family or your pet.

Additional Living Expenses (ALE)

ALE pays the additional costs of living away from home if you cannot live there due to damage from a an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt.


Keep in mind that the ALE coverage in your homeowners policy has limits—and some policies include a time limitation. However, these limits are separate from the amount available to rebuild or repair your home. Even if you use up your ALE your insurance company will still pay the full cost of rebuilding your home up to the policy limit.


If you rent out part of your house, ALE also covers you for the rent that you would have collected from your tenant if your home had not been destroyed.

Why do you need homeowners insurance??

It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments. 

  • If your home was destroyed by fire or damaged by a natural disaster, you’d need money to repair or replace it.
  • If a guest in your home is injured, liability protection and medical coverage help pay expenses.
  • If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
  • If you are still paying for your home, your lender will require insurance.

It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what’s included and what is not 

Things to consider and questions to ask your agent

Here are few things to discuss with your agent that will influence your decisions. 

  • How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? (Ask your agent to talk you through your home’s features and the things you own so you can make an informed decision about coverage.)


  • Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?


  • What discounts are available? (Ask about multiple policy that can include coverage's such as car insurance, business owners insurance, health insurance, and even coverage for items such as motorcycles, RV's, and boats. Even security systems and fire resistance discounts.)


  • What’s the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)

Thank you for your interest in Baldwin Insurance Agency. We make the quote process quick and easy, begin your quote today! If you would like to speak to a home insurance professional please call our office at 816-628-0092 or you can email steve@baldwinoffices.com your questions and an agent will reply promptly. 

Providing Experienced Insurance Coverage to:

Alma, Bates City, Belton, Bogard, Bosworth, Braymer, Breckenridge, Brookfield, Brunswick, Buckner, Camden, Carrollton, Centerview, Chillicothe, Columbia, Corder, Dover, Excelsior Springs, Gallatin, Grain Valley, Greenview, Greenwood, Hamilton, Hardin, Harrisonville, Henrietta, Higginsville, Holden, Holt, Jefferson City, Joplin, Kansas City, Kearney, Kidder, Kingston, Lathrop, Lawson, Lee’s Summit, Levasy, Lexington, Liberty, Lone Jack, Marshall, Maryville, Mayview, Missouri City, Napoleon, Oak Grove, Odessa, Orrick, Peculiar, Platte City, Plattsburg, Polo, Raymore, Rayville, Richmond, Savannah, Sedalia, Sibley, Smithville, Stet, Sugar Creek, Tina, Tracy, Trenton, Unity Village, Unity School, Wakenda, Wellington, Weston, Gower, Trimble, Edergton, Plattewoods, Parkville, Stewartsville, Osborn, Turney, Knoxville. 

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Baldwin Insurance Agency

200 N Jefferson St, Suite A, Kearney, MO 64060, US

(816) 628-0092

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