Homeowners insurance in Mississippi

Like most home policies, a House & Property policy covers your:

• Dwelling.
• Other structures on your property.
• Personal property.

If you occupy the home you’re insuring, then you can also insure your:

• Additional living costs if covered damages forces you to temporarily move out of your home.
• Personal liability if someone claims you caused their property damage or physical injury.
• Guests’ medical bills if they’re injured on your property.

If you rent your home to others, then you can get insurance for your rental income. This protects your rental income if a covered peril makes the home uninhabitable.

House & Property insurance can cover your home and other structures for their replacement cost. When it does, you’re insured for what it costs to replace your home using materials of a similar quality if your home is damaged by a covered peril, such as fire, windstorm, hail, and theft.

Your personal property is typically insured for its actual cost value, but you can change that to replacement cost coverage with an endorsement.

Read the Mississippi Policyholder Bill of Rights.

Mississippians pay an annual average of $1,674 for their homeowners insurance. That’s more than $300 the national average. You should note, however, that your costs may be different than the average based on your:

• Home’s age and size.
• Location.
• Building materials.
• Claims history.

The state of Mississippi does not require you to get insurance, but your lender may. Mortgage lenders have a vested interest in your home and want to make sure it’s repaired when it’s damaged. While Kin doesn't currently offer flood insurance in Mississippi, many lenders may also require it depending on where you live.

But even if you don’t have to get home insurance, getting coverage is a good idea. A House & Property policy can cover common perils that may damage your home, like hurricane, tornadoes, and other severe storms.

Of course, weather risks aren’t the only perils your home insurance covers. The cost of damage from fire, theft, and vandalism are a few of the other issues that Mississippi homeowners insurance guards against. Without insurance, you’re responsible for the entire loss no matter how much it costs.

While most of the year is sunny and warm, the Magnolia State is vulnerable to extremes that put homes and increase insurance rates. In fact, Mississippi homeowners insurance premiums are about 11% higher than the national average.

The main reason Mississippi homeowner insurance is so expensive is because the state sees frequent and severe storms, including tornadoes and hurricanes. Homeowners who face those risks pay more for their home insurance, driving up the overall average for the state.

You can’t actually buy a hurricane insurance policy, but don’t worry. Damage caused by hurricane winds is covered by Mississippi homeowners insurance. However, damage caused by storm surge typically requires separate flood insurance.

You also aren’t required to have wind and hail coverage in Mississippi, but homeowners policies purchased through us typically include it. People living along the Gulf coast should look at their home insurance policies closely because some providers don’t cover wind and hail damage in that area.

Mississippi homeowners are also eligible for our Signature Coverage Collection. This array of endorsements is designed specifically for high-value homes and their contents.