Texas Homeowners Insurance

Texas Homeowners Insurance

If you’re thinking of buying a home without Texas homeowners insurance, think again. While it is legal to own a home in Texas without homeowners insurance, it is never the best idea. Don’t underestimate the value that having homeowners insurance gives you. Not only does it protect your home but also protects other valuable assets that you may own. Here are some key reasons for why you should always have Texas homeowners insurance.

Homeowners Insurance Protects More Than Your Home

Homeowners insurance extends beyond the standard coverage of the physical structure of your home. If somebody gets injured on your property, their medical bills may be covered under a guest medical protection plan. Other structures on your property are also protected like detached garages or fences. Additional living expenses may be covered if you’re home has been damaged by fires or other covered insured claims.

While homeowners insurance does cover a substantial amount, it does not include natural disasters like floods or earthquakes. These both carry separate types of policies and you can buy both through a qualifying agent. It’s important to note what you’re going to need regarding coverage on a consistent basis and buy what you need.

How Much Do You Need?

With your homeowner’s insurance policy, you should at least be able to cover the cost of the structure of the house, your personal belongings, additional repairs, and civil liabilities if needed. You can always purchase extending coverage to cover your costs, so you can assure that your assets will be covered when the regular policies exhaust their resources. This type of coverage is called an umbrella policy, and the cost depends on what level risk you are.

How Much Will It Cost?

That depends on you. The bigger your property is and the more things you want to be covered, the higher your insurance premiums will be. Before you buy Texas homeowners insurance, you should be prepared to do an accounting of all your property that you want to protect so you don’t have any surprises.

While buying homeowners insurance may become a stressful endeavor, you can make it easier by figuring out what you need to protect or by hiring a professional Texas insurance specialist. Don’t be afraid to protect your assets and yourself when you need it the most.  To find out more, click here.