Texas Home Insurance
Home Insurance in Texas provides financial protection against disasters. Our home is usually the biggest investment that most of us have besides our vehicles. Having the correct dwelling coverage is essential to the financial well-being of every homeowner in Houston, Dallas, Austin & San Antonio.
Most homeowners policies in Texas include the following coverages:
Dwelling
If your house is damaged or destroyed by a covered loss.
Personal property
Pays if the items in your house are damaged, stolen, or destroyed.
Other structures
Covers repair or rebuild structures not attached to your house.
Loss of use
Additional living expenses if you must temporarily move because of damage to your house from a covered loss. Personal liability pays to defend you in court against lawsuits and provides coverage if you are found legally responsible for someone else’s injury or property damage. Medical payments pays the medical bills of people hurt on your property. However, flood insurance is typically not included in your home policy.
Affordable Homeowners Insurance
Ready to get a home insurance quote then give us a call (281) 712-2141.
How much is homeowners insurance?
The best way to find out is to call or email us for a quote.
Insurance companies may sell several types of policies. If a company offers you a policy with less coverage than you’d like, ask if other policies are available. You may also be able to buy additional coverage by adding endorsements to your policy.
The two types of policies sold in Texas are all-risk and named peril policies. All risk policies offer you broad protection and cover all causes of loss unless the policy specifically excludes them. Named perils policies offer narrower protection than an all-risk policy and cover only the causes of loss specifically named in the policy.
Home Insurance Texas
Then there is replacement cost, what you would pay to rebuild or repair your home, based on current construction costs. Replacement cost is different from market value. Actual cash value is what you would pay to rebuild or replace your property minus depreciation. Depreciation is a decrease in value due to wear and tear or age. If your home is destroyed and you only have actual cash value coverage, you may not be able to completely rebuild.
Many people learn after a fire or storm that they didn’t have enough personal property coverage. Making a written inventory will help you decide how much insurance you need. Your inventory should list each item, its purchase date, value, and serial number. Photograph or videotape each room, including closets, open drawers, storage buildings, and garage. Keep the inventory and receipts for major items in a fireproof place or another location. Use TDI’s Home Inventory Checklist to create your inventory.