Looking for Homeowners Insurance in Frisco Texas?

Your home is probably going to be the most expensive purchase you will make during your life. This is why you have to be certain you have taken the necessary steps to protect your investment if it should become damaged. Buying a home insurance policy is the best way to do this. There are a wide variety of policies available for homeowners insurance Frisco Texas, so you are sure to find one that is suited to your particular needs. It is important that you select an insurance policy that is right for you. Here are a few of the most basic home insurance policies you can choose from:

Named Peril

This type of policy covers houses against causes of loss referred to as “perils” in the insurance industry. Some of these perils can include fire, hurricanes, vandalism, lightning, explosions, smoke, hail, windstorms and being struck by an aircraft or a land vehicle.

Other Structures

Like the name of the policy indicates, this type of homeowners insurance in Frisco Texas, is meant to cover a structure other than the primary home, but is also located on the same premises. The structure that is covered under this policy must have a clear space located between it and the primary home. Most home insurance policies include this as a standard feature.

Unscheduled Personal Property (also known as Contents coverage)

The items that are located inside the dwelling are covered by this policy. In the vast majority of cases, the basic amount of coverage provided by this type of policy is roughly 40 percent to 60 percent of the amount of the home policy. The homeowner has the choice of having it provided at replacement cost or at the cash value of the items.  Jewelry has a sublimit against theft, so be sure to check with your agent to make sure you have enough jewelry coverage.

Loss of Use (also known as Additional Living Expense)

A homeowner is protected with this coverage if he or she should ever get displaced from their home. The money provided by this policy could also help the policy holder to pay for temporary lodgings until they can locate a permanent place to live. 20 percent of the amount of the home policy is the usual amount covered by a loss of use policy, but can vary from company to company.

Medical Payments

Medical expenses are covered by this policy if a person gets injured on the policy holder’s property. The policy amount varies depending on the provider that issued it.

General exclusions of Coverage

This includes cracking, settling, expansion, bulging, shrinkage, leaks caused by water and intentional acts of the insured.

There are more complicated policies for homeowners insurance in Frisco Texas.  However, your local independent agent can offer you multiple policy forms through several carriers.  Feel free to contact our local Frisco Texas agency at 972-380-6677, or by visiting our website by clicking here.