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Types Of Homeowners Insurance Laws And Policies

To qualify for homeowners insurance, other than renters or condominium, a dwelling must be owner occupied and used exclusively for private, residential purposes. The dwelling can contain no more than two (2) families and no more than two (2) roomers or boarders per family. A company may set additional underwriting requirements for individuals who do not meet these eligibility requirements.

As a general rule, five types of homeowners policies are sold in Missouri. Four types of insurance policies provide coverage for owner/occupants of one- and two-family houses. The other policy provides insurance for renters of a house or an apartment. Here are some examples of homeowners insurance policies and perils that are covered by those policies.

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