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Mississippi Home Insurance

Amica understands the unique challenges faced by Mississippi homeowners and is committed to offering dependable coverage and support every step of the way. In a state where severe weather can pose significant risks, having the right home insurance is crucial.

Is home insurance required in Mississippi?

Mississippi law doesn’t legally require homeowners to have insurance on their property, but if you finance your home through a mortgage, your lender will likely require you to have homeowners insurance. Even if you own your home outright without a mortgage, it’s still highly advisable to be insured. Home insurance is not a one-size-fits-all product. It should be tailored to your specific situation and needs.

Typical Mississippi homeowners insurance coverages

  • Coverage A – Dwelling:

    Coverage for your home and attached structures for damage caused by events such as fire, lightning, wind or hail.

  • Coverage B – Other structures:

    This covers damage to other structures on the property that are set apart from the dwelling, such as a fence, shed or detached garage.

  • Coverage C – Personal property:

    Coverage for your belongings, such as furniture, clothing and electronics, if they’re damaged by a peril listed in your policy.

  • Coverage D – Loss of use:

    This covers your temporary living expenses when a covered loss makes your home unfit to live in.

  • Coverage E – Personal liability:

    This covers damage or injury to another person or their property that you’re responsible for causing. It also covers legal assistance for claims made against you.

  • Coverage F – Medical payments to others:

    This coverage can pay for medical bills for people who are accidentally hurt on your property, not including members of your household.

Remember, each of these coverages is subject to a policy limit, deductible and exclusions, which are specified within your policy. 

Your homeowners insurance won’t cover flood damages, so it helps to ensure you’re properly covered if there’s a flood. Flood insurance policies are available and are written through the federally backed National Flood Insurance Program. It’s common for mortgage companies to require flood insurance if your home is within or near a floodplain. Regardless, a flood can occur anywhere, and it’s a good idea to buy this additional coverage.

Additional coverages in Mississippi

You may find that the general coverages afforded in a basic homeowners policy don’t cover certain losses or types of property. Amica offers home insurance options in the form of policy endorsements that can fill in some of those gaps in coverage. Adding endorsements to your Mississippi homeowners insurance policy can provide valuable additional coverage tailored to your specific needs. Here are a few endorsements you might consider:

  • Special computer coverage:

    Additional protection beyond what’s included in your policy for devices against direct physical loss, like accidental damage or theft. Devices covered under special computer coverage include:

    • Desktops
    • Laptops
    • Smartphones
    • Gaming devices
    • Smart TVs

  • Identity fraud:

    Identity theft is a growing concern, and this endorsement can help cover expenses associated with restoring your identity, such as legal fees, lost wages and other related costs.

  • Water backup and sump overflow:

    Unexpected and accidental water damage, like from an appliance or burst pipe, is covered by most homeowners insurance policies. But, at the same time, they also exclude coverage for backed-up sewers and drains. This endorsement provides coverage for water that backs up through drains and sump pumps.

  • Scheduled personal property:

    If you have high-value items such as jewelry, fine art or collectibles, a basic homeowners policy may not provide sufficient coverage. With this endorsement, you can insure specific items to make sure they’re adequately covered against loss or damage.

  • Earthquakes:

    A standard Mississippi policy excludes damage caused by earth movement, including earthquakes. This endorsement would extend coverage to damage caused by an earthquake.

What affects your Mississippi homeowners insurance rates

Where you’re located is an important factor that impacts home insurance premiums. A home in Southaven may face different risks compared to a coastal home in Ocean Springs.

Homes situated inland typically have lower insurance premiums compared to residences along the Gulf Coast due to the reduced risk of coastal hazards. However, premiums can still vary depending on factors such as population density, type of home and building materials used.

Explore Mississippi home insurance discounts for more savings

There are several ways Mississippi homeowners can save money on home insurance without compromising the quality of their coverage.1 We offer home insurance discounts for:

  • Alarm systems: Receive a discount when you insure a home with burglar alarms, sprinkler systems or fire alarms.
  • Automatic detection devices: Insure a Mississippi home with a temperature monitoring, water leak detection or gas leak detection system installed and receive a discount. 
  • New or remodeled homes: Receive a credit when you insure a new or remodeled home. 
  • Claim-free: Receive a discount when you’ve had no claims in the past three years.

If these don’t apply to you, we also offer discounts for:

  • AutoPay: Receive a discount when you opt to pay your premium using automatic deductions. 
  • E-discount: Receive a discount when you sign up to receive policy information and bills electronically. 
  • Paid in full: Save money when you pay the entire balance of your Mississippi policy premium up front.

One of the best ways to conveniently manage all of your insurance needs and save money at the same time is to bundle your insurance coverages for home and auto with the same insurance company. In fact, Mississippi homeowners who bundle home and auto insurance with Amica could save more than 20% with a multiline discount.1

Facts and figures about Mississippi

Common claims in Mississippi:

  • Coastal storms: Cities and towns along the Gulf Coast face risks associated with inclement weather like tropical storms and hurricanes, which can lead to property damage and flooding. Inland areas may be less susceptible to coastal storms, but can still experience flooding from rivers, streams or heavy rainfall.

It’s important to note that flood damage caused by rising water from sources such as rivers and streams, isn’t covered under standard homeowners insurance policies. Homeowners in flood-prone areas may need to purchase separate flood insurance to protect against this risk.

  • Old or corroded pipes: In older homes or those with outdated plumbing systems, pipes may become worn out, corroded or weakened over time. This can increase the likelihood of leaks occurring, especially in areas with high water pressure or hard water.

These leaks can lead to water damage to the structure of the home, as well as damage to personal property such as furniture, electronics and other belongings. Common areas where plumbing leaks occur include bathrooms, kitchens, basements and crawl spaces. Most standard home insurance policies cover water damage caused by leaking pipes, but it’s best to review your policy to understand the extent of coverage and any limitations.

Fun facts about Mississippi:

  • Even with a population of over 6 million, more than half of Mississippi’s land area is covered by wilderness, including six national forests.2
  • The Franklin Academy founded in 1821 in Columbus was the first public school in Mississippi and is still open today.2
  • The first bottle of Coca-Cola was produced in Vicksburg in 1894.2

How to get home insurance in Mississippi

We’re here to guide you through the process of personalizing your homeowners insurance in Mississippi. Here’s how to secure your policy in three easy ways:

  1. Assess your coverage needs:

    An Amica representative can provide personalized guidance and help you navigate your options to find the right coverage for your needs.

  2. Discover potential discounts:

    A representative can also assist you in exploring potential discounts or cost-saving measures available to Mississippi homeowners based on your unique circumstances.

  3. Get a quote:

    Amica offers convenient options for getting a quote. You can either get a home insurance quote online or call 800-242-6422 today to speak with a representative.

With Amica, you can rest easy knowing that your home is safeguarded against the unexpected, allowing you to focus on what matters most – enjoying life in beautiful Mississippi.

Get a home insurance quote

or call 833-513-3881

1 Discounts not available in all states and may vary.
2 90 Interesting Facts About Mississippi: The Magnolia State
 

Your Policy, Policy Declarations or Amended Declarations in effect on the date of loss is the primary source of reference for your coverage, coverage limits and deductible amounts.

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