For homeowners in Texas, having comprehensive homeowners insurance is important. Texas is home to many natural disasters and Texas residents have many things to insure their homes against!
The unpredictable weather and chance of damage to your home means that an adequate level of coverage is the best way to protect your investment.
As a homeowner it is especially important to make sure you understand your policy, as well as its terms and exclusions. Understanding your homeowner’s policy allows you to be certain that you have the right amount of coverage, and allows you to know that you are protected against a wide number of destructive perils.
What is Generally Covered
Most homeowners insurance policies provide coverage for perils such as fire, hail, lightning, theft or vandalism. A traditional home insurance policy generally provides coverage for the following:
What is Generally Excluded
In order to keep premiums down, standard homeowners insurance doesn’t generally cover flooding. Some policies also exclude windstorms, earthquakes, or damage caused by flooding that is due to a hurricane or tornado.
Many people are surprised to find that flood insurance is not part of their homeowner’s policy. Flood insurance is usually a separate policy.
In some high-risk areas, windstorm coverage may be excluded. Ask your agent if you are covered in case of windstorm damage.
Every home insurance policy is different, depending on your location and insurance provider. If you have any questions regarding your insurance policy, contact your agent or consult your policy to find out which coverage you have before it’s too late.