Earthquake Coverage | Missouri Department of Insurance

NEWS RELEASE: Missouri Department of Insurance Recommends Homeowners to Consult with their Insurance Agents for Earthquake Coverage

09/24/2015
As Published on Dept. Of Insurance BlogContact:  public.govdelivery.com

Missouri Department of Insurance | insurance.mo.gov

 

Jefferson City, Mo. – The Missouri Department of Insurance is encouraging homeowners to check their insurance policies for earthquake coverage. Only three out of every 10 homes are covered in Missouri. That number drops to two out of every 10 homes in the New Madrid Seismic Zone.

The New Madrid area is the most active earthquake zone in the U.S. east of the Rocky Mountains. Most homeowners insurance policies do not cover earthquake damage. Separate earthquake coverage, called an “endorsement,” must be purchased.

“Having earthquake coverage is the best way to ensure you and your family, as well as our state, can recover from an earthquake,” said Insurance Director John M. Huff. However, the department’s 2015 Earthquake Report shows that Missouri is experiencing a coverage crisis.

“We have reached a critical juncture where the amount of uninsured property in Missouri will soon eclipse the amount of insured residential property, estimated at $101 billion. This could jeopardize our ability to fully recover from a major earthquake.”

Some homeowners may not buy coverage, expecting the federal government to help rebuild their homes should a major earthquake hit, Huff said. Under FEMA’s Individual Assistance program, the maximum grant award is $32,900, far less than what most homes are worth.

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Alternatives Insurance of Chesterfield is part of the Trusted Choice Network (636) 449-1213

Contact Alternatives Insurance of Chesterfield to find out if your property qualifies for Earthquake Coverage. Give us a call! (636) 449-1213  Our agents will conduct a free assessment of your current policy and we will shop your insurance for you!  That’s right, simply provide your declarations page to an agent and we can process the assessment.  Our goal is to ensure you are properly protected.

Missouri Earthquake Insurance  |  Are You At Risk?

Missouri Department of Insurance Recommends

Homeowners To Consider Buying Earthquake Coverage

 

Missouri Earthquake Insurance | Alternatives Insurance of Chesterfield | (636) 449-1213

According to an article published by the Missouri Department of Insurance, Financial Institutions & Professional Registration, many Missourians are having trouble getting Missouri Earthquake Insurance Coverage. Recent insurance data demonstrates that southeast Missouri is experiencing an insurance coverage crisis.

Click here to read the full article on Department of Insurance Website.

Contact Alternatives Insurance of Chesterfield today for a free insurance review and we’ll help you determine if you qualify for Missouri Earthquake Insurance.

Check Out the earthquake preparedness videos created by Missouri school children!

 

Helpful Resources:

http://www.nehrp.gov/library/plan_prepare.htm

http://www.fema.gov

http://earthquake.usgs.gov

http://www.ready.gov/kit

http://dnr.mo.gov/geology/geosrv/earthquakes.htm

http://www.redcross.org

http://www.nhc.noaa.gov

http://www.eas.slu.edu/Earthquake_Center


Alternatives Insurance of Chesterfield is a full service Independent Insurance Agency representing many of Missouri’s premier personal and commercial insurance carriers. We assess risks and shop for companies to find the best coverage for the lowest price. With a combined experience of over 60 years in the Chesterfield Missouri insurance industry, our agents are knowledgeable and competent specializing in auto, home, renters, boat, motorcycle, business automobile, workers compensation, and general liability.

We serve all of Saint Louis and Jefferson counties including Chesterfield, High Ridge, Arnold, Imperial, Valley Park, Ballwin, Eureka, Pacific, House Springs, Hillsboro, Sunset Hills and St. Clair. Our professional insurance agents at Alternatives Insurance of Chesterfield can help you get the best value for your Missouri insurance needs.

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals. The department’s seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.

 

Veterans: Alternatives Insurance of Chesterfield Thanks You

AmericanFlagFlying_file8551271716475_MorgueAlternatives Insurance® of Chesterfield Thanks all the Veterans for their Service to Our Country

Today  is a very special day.  A day to be thankful for the brave men and women who have and continue to sacrifice their lives for our freedom, safety, and way of life.

A day to spend some time in memory of those who gave their lives; to those who are injured; to remember their family and friends; to be thankful for those who continue to serve.

We owe our freedom and our lives to our Veterans.  Thank You All.

~ Alternatives Insurance® of Chesterfield

Where to Learn more about Home insurance in Chesterfield MO

Understanding Your Options For The Best Protection

Where to Learn more about Home insurance in Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213Alternatives Insurance® of Chesterfield 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 Chesterfield 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.

Read more

Chesterfield Missouri Insurance Agency

Searching for a “Chesterfield Missouri Insurance Agency”?

Alternatives Insurance® of Chesterfield Is The Right Choice

Chesterfield MO Insurance Agency | Alternatives Insurance® of Chesterfield | (636) 449-1213Often times our agents meet potential customers who have had an insurance agent for years and whom they have never met, nonetheless have visited their office.  It is shocking to me that people put their life in the hands of a stranger and have no personal connection or relationship with their Chesterfield Missouri Insurance Agent. The Chesterfield Missouri Insurance Agency of Alternatives Insurance® prides ourselves on the fact that we take great interest in our clients’ and their family’s well-being. It is important that our clients trust the staff and licensed agents of our agency.

Alternatives Insurance® Chesterfield Missouri Insurance Agency staff meets one-on-one with our clients to provide a comprehensive account review and make sure they have the best protection.  We explain the coverage options, benefits, and potential risks based off their needs versus current their current insurance coverages. We take the time to walk our client’s through every step of the decision process to make their experience as educational and informative as possible.

Alternatives Insurance® of Chesterfield opened in 2007 as a full service Independent Chesterfield Missouri Insurance Agency and a proud member of Alternatives Insurance® Group. Alternatives Insurance® Group is an organization of insurance agencies located in the local St. Louis area; founded in 1992. The agents of Alternatives Insurance® of Chesterfield are licensed producers with Missourire than 60 years combined experience. The agency is dedicated to providing every client with protection products that are tailored to fit their individual needs. Whether it’s personal or business insurance, we provide the tools, resources, and superior customer service.

Year after year, our team continues to review, improve, and renew our products in addition to maintaining relationships with our valued carrier partners.  Our exceptional efforts and commitment ensure our clients’ fundamental insurance needs are met completely, competitively, proudly, and locally, by the staff at Alternatives Insurance® of Chesterfield.

You can find dozens, if not hundreds, of local Chesterfield Missouri Insurance Agency in your telephone book or on the internet. Thanks to the internet you can also go directly to many insurance companies and get a quote. If you like the quote you can often buy a policy by filling out a few Missourire forms, right on the spot. This is where the customer relationship has a disconnect.  While we also offer quick quote button on the right of this page, we take the time to contact you personally.  We schedule an appointment to meet in person, get to know you and listen.

So why not do business with a local Chesterfield Missouri Insurance Agency, who can very likely get you a better deal than you can get for yourself.  Alternatives Insurance® of Chesterfield serves all of Saint Louis County Missouri, including Chesterfield, Ballwin, Manchester, Creve Coeur, Glencoe, Wildwood, Town and Country, Frontenac, Ellisville and Des Peres. We proudly represent many of the industry’s leading national and regional Missouri insurance companies offering competitive rates through Travelers, Safeco, EMC, Kemper Preferred, Progressive, The Hartford, West Bend, Chubb and dozens Missourire.

The licensed professionals at our agency have the ability to quickly check prices and coverages with dozens of different insurance companies. We can handle all of your insurance in one place and shop hundreds of carriers for you to get you the best protection, at the best price.  We conveniently offer an entire solution for all your personal insurance and business needs.  Our agents are licensed to sell and are knowledgeable in many areas of the insurance industry, including the following products:

PERSONAL INSURANCE

  • Auto Insurance
  • Homeowners Insurance
  • Life Insurance
  • Missouritorcycle Insurance
  • Boat & Watercraft
  • Flood Insurance
BUSINESS INSURANCE

  • General Liability
  • Commercial Auto
  • Workers Compensation
  • Commercial Building Property
  • Business Personal Property
  • Business Umbrella Policies

 

Alternatives Insurance® of Chesterfield is a supporting member of the Missouri Association of Insurance Agents and committed to the TrustedChoice® Pledge.

  Chesterfield MO Insurance Agency | Alternatives Insurance® of Chesterfield | (636) 449-1213

As a Trusted Choice® agency, we are dedicated to you and are committed to treating you as a person, not a policy.

The agents of Alternatives Insurance® of Chesterfield are fully licensed and comply with the Missouri Bureau of Insurance requirements.  Once our Chesterfield Missouri Insurance Agent receives a license we ensure they comply with continuing education requirements and complete courses approved by the Missouri Insurance Department.  All of our agents throughout the company are compliant and ready to work for you.

Alternatives Insurance® of Chesterfield agents are advisors you can trust.  

Alternatives Insurance

Alternatives Insurance

Here are the top three reasons to choose a Chesterfield Missouri Insurance Agent with Alternatives Insurance® of Chesterfield:

  1. Personal service – Agents are trained to assess your needs, offer unbiased advice and support you should the unexpected happen.
  2. Peace of mind – Your auto insurance agent is a member of your local community and can handle your full range of insurance needs all in one place.
  3. Value – Your independent agent can access insurance coverage from multiple carriers – such as Travelers, Safeco, EMC, Kemper Preferred, Progressive, The Hartford, West Bend and Chubb –  to provide you with the best mix of savings and pricing.

Alternatives Insurance® of Chesterfield is committed to outstanding customer service.  We start by offering the best insurance products at a reasonable price. But it’s the Alternatives Insurance® of  Chesterfield 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 team is committed to professionalism.  Our dedication to superior client service comes from a culture of professionalism and respect. All of our associates at Alternatives Insurance® of Chesterfield have strong credentials and all of our policies are presented to you in a consistent and professional manner.

You can depend on us to solve problems quickly.  Alternatives Insurance® of Chesterfield 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.

Any questions?  Contact one of our professionals and we’ll be happy to spend the time with you in person!  Our service to you is number one priority. We thank you in advance for your trust, and rest assured we will earn it!

Chesterfield MO Home Insurance

Six Primary Coverages That Are Included in Your Home Policy

Chesterfield MO Home Insurance | Alternatives Insurance® of Chesterfield | (636) 449-1213Have you been searching for ”Chesterfield MO 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 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 being a homeowner and the protection of having the right coverages in the insurance policy. Homeowners in Chesterfield Missouri should be aware that the majority of mortgage lenders require homeowners insurance.  This article, Chesterfield MO 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.

CHESTERFIELD MO 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 of thinking your homeowners insurance covers everything just because you have an insurance policy!  Among other issues, you must make sure your Dwelling Limit is enough to rebuild your home.

Contact Alternatives Insurance® of Chesterfield 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.  It’s probably worth having.

CHESTERFIELD MO HOME INSURANCE:  OTHER STRUCTURES

The most common Other Structures 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, that are referred to as the “dwelling”.  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.

CHESTERFIELD MO 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!Chesterfield MO Home Insurance | Alternatives Insurance® of Chesterfield | (636) 449-1213

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.

 

CHESTERFIELD MO 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 Alternatives Insurance® of Chesterfield.  Your current liability limit will be stated on your Declarations page.

CHESTERFIELD MO 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.

CHESTERFIELD MO 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 tree crashing through your roofChesterfield MO Home Insurance | Alternatives Insurance® of Chesterfield | (636) 449-1213.  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.”  Now, 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.

CHESTERFIELD MO 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!

CHESTERFIELD MO 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 Alternatives Insurance® of Chesterfield agent to understand the coverages available and make good decisions about your protection.


Alternatives Insurance® of Chesterfield 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 Chesterfield MO Home Insurance requirements.  Read through this guide and contact an agent with Alternatives Insurance® of Chesterfield to schedule a free consultation. (636) 449-1213

Fidelity National Insurance by Alternatives Insurance® of Chesterfield | (636) 449-1213 
Travelers Insurance by Alternatives Insurance® of Chesterfield | (636) 449-1213
Progressive Insurance by Alternatives Insurance® of Chesterfield | (636) 449-1213
Kemper Preferred Insurance by Alternatives Insurance® of Chesterfield | (636) 449-1213
The Hartford by Alternatives Insurance® of Chesterfield | (636) 449-1213

Hagerty by Alternatives Insurance® of Chesterfield | (636) 449-1213

Home Insurance Coverages Chesterfield MO

Are You Prepared If Something Happens To Your Home?

Home Insurance Coverages Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213

Have you been searching for the best ” Home Insurance Coverages Chesterfield MO “, and not quite sure what you need?  Your home is most likely your most valuable asset.  There are many risks as a homeowner Alternatives Insurance® of Chesterfield can help you avoid.  Risk questions we have heard from homeowners are:  What if something happens to my home?  A fire?  A flood?  Vandalism?  Will your insurance policy actually pay for the damage?  Will it pay for ALL of it?

Other liability risks include getting sued by someone.  If a person is visiting your home and slips and falls, suffering serious injury, they have rights to sue you and your home insurance needs to have the right coverage to avoid the risk of losing your home and ruin your financial security.

For most people, insurance is confusing. They know they need to have insurance coverages for their homes (mortgage lenders require it), but they don’t understand the protection provided by the policy.  And, more importantly, they don’t understand what their policy does NOT cover and what to do about that.

Alternatives Insurance® of Chesterfield can explain the various types of Home Insurance Coverages Chesterfield MO.  First, now all homeowner insurance is created equal.  In fact, almost none of it is.  There are thousands of different products out there, from hundreds of insurance companies. And your policy includes literally dozens of options and decisions you must make that determine how much insurance protection you actually have.  Your home policy is not a commodity.  It’s something tailored specifically to your needs and desires.

Six Primary Coverages That Are Included in Your Home Policy

Your home policy protects you in six primary ways.  You’ll find these listed on your policy’s “Declarations” page.  Here’s what they mean to you.

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.  How?

Contact Alternatives Insurance® of Chesterfield 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.  It’s probably worth having.

OTHER STRUCTURES

The most common Other Structures 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, referred to as the “dwelling”.Home Insurance Coverages Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213

Other Structures have their own protection limit – the most your company will pay to rebuild them – as 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.

PERSONAL PROPERTY

Your personal property is all your stuff – furniture, clothing, electronics, appliances, etc.  It, too, 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

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!

Regardless of the protection limit for your personal property, there’s a very important question you must get answered.  How is your property protected … on an “actual cash value” basis or a “replacement cost” basis?  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 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.  Make sure you know how your policy works and check the price both ways.  Make the right decision for you.

LOSS OF USE

Home Insurance Coverages Chesterfield MO | Alternatives Insurance® of Chesterfield | (636) 449-1213If your home is badly damaged and you won’t be 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.

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 in our office.  Your current liability limit will be stated on your Declarations page.

MEDICAL PAYMENTS TO OTHERS

This 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.

It’s What’s NOT Covered That Will Hurt You

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.”  Now, 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 want … and make sure your claims get paid by the insurance company.

BEWARE: IT’S NOT ALWAYS COVERED

Just because you have an insurance policy that doesn’t mean your home is covered for everything.  Your home insurance policy doesn’t cover you against every “cause of loss”.  What’s that?  Fire is a cause of loss.  High wind is a cause of loss.  These are also known as “perils” in insurance terminology.

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

If you want insurance against some of these perils, you can buy it … like earthquake or flood insurance.  However, some excluded perils are not insurable … like insect damage.  Be sure to discuss your policy exclusions with an agent in our office and buy the protection you really need.  Don’t be caught by surprise after the damage is done.  It’s too late to buy insurance then.

SPECIAL LIMITS ON PERSONAL PROPERTY

As if your home policy wasn’t complicated enough already it includes “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 … 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 only $1,000 of protection for stolen jewelry.  If your $2,500 diamond engagement ring is stolen you’ll get only $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!

The bottom line is it’s very important you fully discuss these conditions and special limits with your agent and buy the protection you need.  Otherwise, you could find yourself with a very nasty surprise … an unpaid claim!

CONDUCTING BUSINESS AT HOME

WARNING!  Your home policy has very strict limits and rules about business conducted at home.  The protection offered by your policy is severely limited if your claim arises from business activities.  Your business property has very little coverage.  And in some cases you may have no liability protection at all.

This is not something to take lightly and just assume everything will be fine.  Be sure to discuss your home business activities with a licensed agent in our office to make sure you’re still protected.

OTHER EXCLUSIONS AND OPTIONS

The standard home policy excludes protection for many reasons.  But then the insurance company gives you an opportunity to buy some of them back.

Additionally, 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. For example, your home has single-pane windows. After a loss, the local building department requires double-pane windows. This endorsement pays for the increased cost required by the new building code.  The cost for news windows could be substantial.

Packaged Endorsements – often times an insurance company will package the optional coverages people most commonly buy into a single endorsement.  That means for a lower price you can get several optional coverages added to your policy.

There are many more optional coverage and exclusion buy-backs your agent can explain to you. Its worth the time to spend with your Alternatives Insurance® of Chesterfield agent o understand the coverages available to you and make good decisions about your protection.

For more information about Home Insurance Coverages Chesterfield MO, visit The Missouri Home Insurance Guide .  An Alternatives Insurance® of Chesterfield agent can also assess your needs for home insurance and prepare a home insurance package that will best meet your needs.

 

Home Insurance Agent Chesterfield MO

If you have you been searching the internet for a “ Home Insurance Agent Chesterfield MO ”, your search is over! The agents of Alternatives Insurance® of Chesterfield 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, Alternatives Insurance® of Chesterfield offers home insurance options that are right for you. We are your Home Insurance Agent of Chesterfield 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 Chesterfield MO | Alternatives Insurance® of Chesterfield (636) 449-1213

An Alternatives Insurance® Home Insurance Agent Chesterfield 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.  Alternatives Insurance® of Chesterfield 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 Chesterfield MO can help to go over these items and the contents insurance needed to cover them.

Alternatives Insurance® of Chesterfield is committed to outstanding customer service.  We start by offering the best insurance products at a reasonable price. But it’s the Alternatives Insurance® of Chesterfield 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 Chesterfield 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 Alternatives Insurance® of Chesterfield have strong credentials and all of our policies are presented to you in a consistent and professional manner.

Home Insurance Agent Chesterfield MO | Alternatives Insurance® of Chesterfield (636) 449-1213You can depend on us to solve problems quickly.  Alternatives Insurance® of Chesterfield 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 Chesterfield MO ” is over.  Welcome to Alternatives Insurance® of Chesterfield.

Home Insurance Quote Chesterfield MO

Home Insurance Quote Chesterfield MO| Alternatives Insurance® of Chesterfield (636) 449-1213

If you have you been searching the internet for a ” Home Insurance Quote Chesterfield MO ,” your search is over! The agents of Alternatives Insurance® of Chesterfield provide homeowners insurance and services by the top rated insurance carriers in the country. Our Personal Insurance offerings also include insurance products and risk valuation services.

Our agents serve as your full service insurance providers for auto, home, boat, RV, motorcycle, and power sports to include life and annuities.  We have you covered throughout all aspects of your life to protect what matters most. Because we offer a full line of insurance services, we can save you money with multi-policy discounts.  You will not get that benefit when you purchase your insurance coverages through multiple agencies.

Getting a Home Insurance Quote Chesterfield MO is simple.  Call one of our helpful staff members or agents. Have your home address, mortgage value and a good idea of the value of your personal belongings.  Alternatives Insurance® of Chesterfield will also provide you with a home inventory checklist, so that you may take a complete inventory of your personal belongings and make certain all your valuables are covered in your home insurance policy.

Home Insurance Quote Chesterfield MO Coverages

There are six levels of protection for your home.  Here is a list of the items you’ll find in your policy.  Complete details can be found on our homeowners page.

  1. Dwelling.  This is your home and attached structures, such as a garage.
  2. Other Structures.  These include structures not attached to the home, such as a storage shed.
  3. Personal Property.  This includes furniture, clothing, electronics, appliances, jewelry, etc.
  4. Loss of Use.  This coverage is important if you have damage to your home and you cannot live in it while it is being repaired.
  5. Liability Coverage.  This coverage pays if someone sues you for their injuries, on or off your property.
  6. Medical.  This coverage pays if a guest is injured on your property.

Be Careful:  Home Insurance Quote Chesterfield MO can vary greatly!

Homeowners Insurance policies in Missouri can be very different and have very different cost.  With hundreds of home insurance carriers and many different protection options, it is best to ask your agent for help making the decisions to be certain your personal belongings are protected.  Alternatives Insurance® of Chesterfield agents have your interest in mind. The best homeowners insurance purchase decision is often made with the help of a professional insurance agent – and we are available Monday through Saturday.

Alternatives Insurance® of Chesterfield has the Best Value and Customer Service agents with a combined high level expertise and relationships with top-rated companies and products that provide exceptional value to our clients.  Our trained, professional staff will do the research, analysis, and shopping for you.  You save time and money and get the best Chesterfield Missouri Home Insurance protection.

So, if you have you been searching the internet for a “ Home Insurance Quote Chesterfield MO ”, your search is over!  Call  Alternatives Insurance® of Chesterfield (636) 449-1213.

Chesterfield Missouri Home Insurance | Claim Process

Alternatives Insurance® of Chesterfield will Help You through the Claim Process

Alternatives Insurance® of Chesterfield Home Insurance

(1)  Call Us. Your local Alternatives Insurance® of Chesterfield Agents are always available to help you review your Chesterfield Missouri home insurance policy coverages. Please call our Chesterfield Missouri Insurance office, and we’ll guide you through every step to make your experience goes as smooth as possible.  (636) 449-1213.  We help our clients with the claims process, regardless of how small or large the damage may be.

(2) What you can do during the claim process:

  • Most Chesterfield Missouri Home Insurance Policies require the insured to do what is reasonable to prevent further damage to the property. You or your contractor should patch walls or roofs by covering them with tarps, or cover shattered windows with plywood or heavy plastic.  Please be careful and have a licensed contractor perform any dangerous task, such as repairs to the roof.
  • Keep receipts and invoices associated with any emergency repairs to give to your claim representative. In the event your home is unlivable, save any receipts associates with costs for motel rooms, meals, etc. These may be reimbursable items as well.
  • Take inventory in each room of the house and provide a written assessment of all damaged/missing property, including descriptions, cost of items, and when items were purchased. Serial numbers or other identifiable marking are helpful as well.
  • For water damage, you may contact a company that specializes in water extraction and water damage mitigation.  Your Alternatives Insurance®  of Chesterfield agents will have a list of companies available in your area.

(3) Property Inspection.  Once you’ve reported your claim, the insurance carrier will have a claims specialist contact you (generally within 24 hours) to establish a date for inspecting the damages. The claims adjuster will come to your property and assess the damage, take photos, help you organize temporary repairs, or emergency services.

(4) Pay Your Deductible.  The insurance carrier will give you a complete damage estimate after a loss. This estimate will show the total dollar amount of your covered loss, less your deductible and depreciation (if applicable), and the net amount that will be paid toward the loss.

(5) Find a Contractor.  Most insurance carriers have a network of contracts to provide construction repairs following a property loss. Your claim service associate would be able to assist you to scheduling an inspection of your property and arrange for repairs. Using network contracts has its advantages as the insurance companies have pre-negotiated standards for the contracts to abide by such as:

  • Warranties on materials and labor provided
  • Contractors who have proper credentials and industry experience
  • Financially stable firms
  • Proper licensing
  • Worker’s compensation insurance protection for the contractors and workers
  • Strict performance standards that are monitored and measured

(6) Settlement Check.  In the event of a covered loss, most carriers will first pay you the Actual Cash Value (ACV) (actual cost less depreciation) for the damage to your property. When you replace the item or complete the specified repairs, the insurance carrier will pay you the difference between the replacement cost and the actual cash value amount previously paid. The total amount you will be reimbursed is subject to the terms and conditions of your particular policy, including deductible and limits. This may vary from company to company. You will receive a settlement check from your insurance provider, as soon as they have confirmed coverage and completed an investigation and comprehensive damage estimate. Every effort is made to issue payment on the claim as quickly as possible. If necessary, you may receive other authorized supplemental checks once proper re-inspections are performed or when your claim adjuster prepares a supplemental estimate. Your insurance carrier may be required by state laws and policy language to include any mortgagees/ lien holders on your settlement check(s).  If a mortgagee/lien holder’s name appears on your settlement check(s), the mortgagee/lien holder must sign off on the check before it can be cashed. You should contact your mortgagee/lien holder directly to determine the process for co-signing/cashing settlement checks.

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Why Choose Alternatives Insurance® of Chesterfield?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the Alternatives Insurance® of Chesterfield 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 Alternatives Insurance® of Chesterfield 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

Alternatives Insurance® of Chesterfield 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.