Property insurance can refer to many things but generally it refers to home or building insurance. The Southwest Agency can help you with property insurance in Joplin, Sarcoxie MO or Webb City. Property insurance can consist of home insurance, building insurance, content insurance, flood insurance, storm insurance, earthquake insurance and liability insurance.
Home insurance or homeowner’s insurance covers your house, structures and contents in the event of specified risks such as fire, a 3rd party liability claim, storm damage, water damage, theft and so on. Building insurance is a commercial form of home insurance and covers your building and contents for specifies risks.
Insurance is a risk management tool and way for you to mitigate your losses. So, whether you own a residential home, a commercial building or rent a home or premises, property insurance will reimburse you for losses suffered due to specified events.
It is important to know which risks and events are covered under your property insurance policy. Insurance does not cover everything and it is important which events or risks are excluded. For example, a standard home owner’s policy won’t cover you for flood damage. You also need to check if you are covered for other natural disasters such as earthquakes, landslides, hurricanes, tornadoes and so on.
Not every event is catastrophic but even small events can cost you a lot of money. Maybe you have a break in and some items are stolen. Such an event probably won’t mean the end of your business but being able to recover such losses are important. Property insurance reimburses you for losses due to specified events, whether big, small or in between.
The Southwest Agency can tailor property insurance to match your risk profile and budget in Joplin, Sarcoxie MO or Webb City.