Friday, September 13, 2013

House Insurance in Texas

Homeowner insurance in Texas is designed to protect home owners against specific calamities. It can be very confusing knowing what you need exactly when shopping for house insurance in Texas so it is important you do your research so you can make the best decision for your situation. 

Before deciding on a particular policy it is vital you fully understand the policy details in case of calamity or natural disaster so you know exactly what you will be paying premiums for. If an insurance claim has to be filed there is usually a deductible and that will vary depending on the company and coverage.  Individual home insurance policies are determined by named calamities and exclusions in a policy so it is vital you find out what exceptions may apply when looking for homeowners insurance.

Many people prefer to talk one on one with an agent from around their area because they like the personal interaction while others decide to buy insurance online by using popular online insurance quote websites. Compare shopping can be done very easily online though it is important the plans are exactly the same when comparing premiums. 

Whether you buy your home owners insurance policy online or from a local agent, the typical home owners insurance policy is divided into two parts: property protection and liability protection. Property protection is generally broken down into four additional sections: house fixtures, attached structures, other structures and dwelling which covers your home. 

Other structures typically covers detached structures such as garages, storage sheds, and fixtures attached to the land including fences, driveways, sidewalks, patios, and retaining walls. Detached structures used for business purposes are not covered under a personal home owners insurance policy.  

Personal property typically covers personal property including the contents of your home and other personal items owned by you or family members who live with you. This protection can be based on actual cash value or replacement cost.

House insurance in Texas may provide limited coverage for small boats, but most home insurance policies do not cover motorized vehicles unless they are unlicensed and used only at your home. Keep in mind, some items may have coverage limits on firearms, artwork, business property, electronic data, jewelry, and money. Extra coverage is generally available by adding endorsements to your policy though the premium will be more costly. 

Loss of use typically covers living expenses over and above your normal living expenses if you cannot live in your home while repairs are being made or if you are denied access by government order because of a disaster of some sort.

Homeowner insurance in Texas may also provide additional property coverages such as debris removal along with damaged trees and shrubs, fire-department service charges, property removal, theft or illegal use of credit or transfer cards, collapse of buildings, and glass breakage if caused by the covered calamities.

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