You need insurance to protect your home from catastrophic events and other perils, which as Houstonians, we know can happen in the blink of an eye! What many homeowners don’t realize is home insurance can save you a lot of money and stress if you understand the coverages they provide and the discounts that are available to you. So what does home insurance cover?
Homeowner’s policies combine several types of coverage into one policy. Most homeowner’s policies in Texas include these six coverages:
Everyone knows Houston residents love to celebrate. But what you may not know is that your homeowner’s insurance will provide liability coverage if you are hosting an event away from your home such as a party, wedding, or other types of gathering with a large group of people. The venue you rent may ask you to provide liability insurance to reduce their responsibility in the event of an injury or loss on the premises. Some insurance companies allow you to shift the liability coverage on your homeowner’s policy to another location for a one-time event.
Not only does the liability portion of your homeowner’s policy cover you if you are hosting an event, if added to your policy, but pet liability insurance on your home insurance also provides coverage if your dog were to bite someone and cause serious injury. We know accidents happen, but being prepared is key. Call Texan today to learn more.
Some residents may think their auto insurance policy provides coverage for all the items in your vehicle if it is broken into or stolen. However, if a large amount of your personal property is stolen, chances are your auto insurance probably has limited coverage for the things you have in your car. The good news is your homeowner’s insurance policy will cover the gap. The limit for personal property away from the home is 10% on most policy forms. Be sure to keep in mind that theft is subject to a deductible.
Everything that is covered under your homeowner’s policy is covered anywhere you go. However, to get adequate coverage to protect your high-value items, schedule expensive items like guns or jewelry separately. Talk to an agent to learn more.
Like to entertain at your home? Or do your kids have friends over all the time? Having guests in your home increases the chances for something to go wrong. If an accident results in injury or property damage you could be held liable to pay the costs. If the other party sues you, you could wind up in court. This is part of the reason you have liability insurance! If it was indeed an accident and no negligence can be found, the insurance company will help you fight it in court.
As you can see the best homeowner’s insurance in Houston does much more than protect your home. You are paying for the policy. Be sure you are getting the most out of it by understanding all the coverages you have. Have questions? Give us a call we will be happy to review your homeowner’s coverage with you.
Now that you know a little bit of what homeowners insurance covers, you can begin to shop for the best possible coverage and rates. Coverages can get left off if you don’t pay attention to details when shopping for homeowner’s insurance. Make sure your homeowner’s insurance has coverage for the following:
This is very important to understand and also one of the biggest factors in determining the average home insurance cost in Houston. Most people assume it’s what you paid for the house, what it’s worth, or even what your property taxes are based on. But it’s not. It’s simply the cost to rebuild your home from the ground up with the current construction costs. This means to have an accurate cost, you must give accurate details about how your home is built, the materials, and the age.
Many insurance companies review the estimated cost per square foot to see if the coverage value is adequate enough. In 2020, the average cost per square foot for a new construction home with builder-grade materials ranges anywhere from $100 to $150 per square foot.
As your homeowner’s insurance agent we can’t get an appraisal for the value of the items that make up your home. So, make sure you have all the coverage for everything you own. Imagine going from room to room and putting a value on everything that fills the room.
Often valuing personal items correctly is something that gets missed when homeowners are shopping around for insurance coverage.
This is essential because you want your homeowner’s policy to protect everything you own and provide enough coverage for the value of your home.
Did you know most home insurance policies don’t come with flood coverage? Flood insurance protects you from damage done to your home and personal possessions by rising water from an outside source like street flooding. It is NOT part of a standard homeowner’s policy and must be purchased separately. Recent weather events across Texas and the United States have demonstrated the devastation that flooding can cause, so it’s an important coverage to consider. We recommend flood coverage for all homeowners and renters. Floods occurred in 90% of the preferred zones from 2017 through 2019. Click here to learn more about flood insurance.
A lot of people simply allow the real estate agent or mortgage broker to handle finding their insurance policy. Sure, they may be some good people, but do you really want someone you have never even spoken to insuring your biggest investment? Partnering with a Houston independent insurance agent who can quote your homeowner’s insurance ensures you have the right coverage. It will also give you access to someone you know and trust to call if you need help or are in a claim situation.
We are a trusted home insurance agency in Houston. What does that mean for you? Not only do we know homeowner’s insurance, but we also know Texas! Our agency focuses on three principles: insurance expertise, personalized attention, and commitment to our customers. As an insurance agency in Houston, we offer a wide variety of products and services. Because we are affiliated with over 40 of the best insurance companies in Texas, we also have the unique ability to provide you and your family a solution that meets your specific needs. Call us today!