Types of Homeowners Insurance in Missouri

If you own a home in Missouri—or you’re planning to buy one—understanding homeowners insurance isn’t optional. It’s protection against the unexpected: storms, fire, theft, lawsuits, and more. But not all policies are created equal. Missouri homeowners can choose from several types of coverage, each offering different levels of protection depending on the type of home and the risks involved.

Here’s a breakdown of the most common types of homeowners insurance policies available in Missouri and what they cover.

HO-1: Basic Form

This is the most limited type of policy and is rarely offered anymore. It covers a small number of specific perils, such as fire, lightning, and theft. Because it leaves out many common threats—like water damage or personal liability—HO-1 is usually not recommended.

HO-2: Broad Form

HO-2 covers more risks than HO-1 but is still somewhat limited. It typically includes protection against things like falling objects, the weight of ice or snow, water damage from plumbing, and electrical issues. It’s a step up from basic coverage but still excludes many types of potential loss.

HO-3: Special Form

This is the most common homeowners insurance policy in Missouri. It provides coverage for your home on an “open peril” basis, meaning it protects against all risks except those specifically excluded in the policy. Your belongings, however, are still covered on a named-perils basis. This is the go-to policy for most single-family homes because of its balance of coverage and cost.

HO-5: Comprehensive Form

If you want top-tier protection, HO-5 is the way to go. It offers open-peril coverage for both the structure of your home and your personal belongings. It also typically includes higher limits for valuables and better protection against identity theft or electronic data loss. It’s more expensive, but worth it for homeowners who want maximum peace of mind.

HO-4: Renters Insurance

While not technically for homeowners, HO-4 is designed for renters in Missouri. It covers personal belongings and liability but not the building itself. This is essential for anyone renting an apartment or house.

HO-6: Condo Insurance

If you own a condo in Missouri, this is your go-to policy. HO-6 covers the interior of your unit, your personal property, and liability. It typically works alongside the condo association’s master policy, which covers the building’s exterior and shared spaces.

Flood and Earthquake Insurance: Separate but Crucial

Missouri homeowners should also consider separate policies for floods and earthquakes. Most standard homeowners insurance plans do not cover these disasters. Missouri, especially near rivers and fault lines, is vulnerable to both. If you’re in a high-risk area, don’t skip these.

Conclusion

Choosing the right homeowners insurance in Missouri depends on the type of home you own, where it’s located, and how much coverage you need. While HO-3 works for most people, knowing the differences between each policy type helps you make a smarter, more secure decision. Don’t just grab the cheapest option—pick the one that actually protects what matters most