With its low cost of living, friendly people, and beautiful weather, Mississippi may be the ideal place to buy a home. But while most of the year is sunny and warm, the Magnolia State is also vulnerable to extremes that put homes and increase insurance rates. In fact, Mississippi homeowners insurance premiums are about 11% higher than the national average.
*But we're a different kind of insurance company, and we've reimagined our policy forms to make a customizable coverage for Mississippians. Our new policy, called House & Property, or HD3 insurance, adapts to your home.
The base policy covers your home when you rent it out to others, similar to a dwelling fire insurance policy (DP3) you might get from other insurers. If you live in your home full or part time, you can opt for an owner-occupied endorsement that provides coverage similar to an HO3 policy, or standard home insurance.
Read on for more details about how we can help you get affordable, flexible insurance for your home.
Creating House & Property insurance for Mississippi
The first thing you need to know is that we will offer insurance for your Mississippi home through the Kin Interinsurance Nexus Exchange, rated “A – Exceptional” by Demotech, Inc. This indicates we're ready to handle your claims ﹘ even in a catastrophe.

As a Mississippi homeowner, you can to apply for a unique and flexible coverage called House & Property insurance. Like most home policies, it covers your:
If you occupy the home you’re insuring, then you can also insure your:
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.
In some situations, your home or your roof may be insured for its actual cost value. Your personal property is also 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.
Mississippi home insurance rates
Mississippians pay an annual average of $1,622 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.
How to save money on insurance for your Mississippi home
You may qualify for a discount on Mississippi House & Property policies if you:
- Install home security systems, including fire prevention, water detection, and burglar alarms.
- Protect your home from wind damage.
- Have a clean claims history.
You can also save on your coverage by raising your deductible. A higher deductible means you pay more in a claim, and that helps reduce the premium. However, you want to choose a premium option that fits your budget. Otherwise, you may have problems getting repairs completed.
Want to see if a policy through Kin can help you save? Enter your address to get a quote.
Mississippi House & Property insurance deductibles
Our House & Property insurance in Mississippi has three deductibles. The first is a standard deductible that applies in most covered claims. The other two are:
- A hurricane deductible that applies to damage caused by hurricanes, tropical storms, and tropical depressions.
- A wind/hail deductible that applies to damage caused by severe thunderstorms, windstorms, and hail.
Deductible options
Standard deductible |
Hurricane deductible |
Wind/hail deductible |
- $500
- $1,000
- $2,500
- $5,000
- $10,000
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Is homeowners insurance required in Mississippi?
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. That’s why many lenders may also require flood insurance depending on where you live.
But even if you don’t have to get home insurance, getting coverage is a good idea. Getting a House & Property policy from Mississippi home Kin 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.