 |
|||||||||||||||||||
| Home | |||||||||||||||||||
 |
|||||||||||||||||||
| Contact Us | |||||||||||||||||||
|
|||||||||||||||||||
Insurance Types Homeowners Insurance |
|||||||||||||||||||
If you own a home or are purchasing a home, you need homeowners insurance. It protects you from financial losses caused by storms, fire, theft and other events outlined in your policy. It’s important to buy enough coverage to avoid a major financial loss if your home is severely damaged or destroyed. This means keeping a realistic dollar amount of coverage on your house. |
|||||||||||||||||||
| Make sure you
know what’s in your Homeowners Insurance Policy. Take the time
to read it carefully and understand your specific coverage’s.
It’s also important to know your rights. Texas has a Consumer
bill of rights. Texas has a consumer Bill of Rights for homeowners and
renters insurance, which your insurance company must send with your
policy or renewal. |
|||||||||||||||||||
| For most homeowners in Texas, a homeowners insurance policy combines five different types of insurance coverage: Dwelling: Pays for damage to your house and any outbuildings, such as detached garages and storage sheds. Personal Property - pays when household items, including furniture, clothing and appliances, are damaged, stolen or destroyed. |
|||||||||||||||||||
 |
|||||||||||||||||||
Liability-
protects you against financial loss if you are found legally responsible
for someone else’s injury or property damage. A homeowners’
policy automatically provides $25,000 in coverage. You can buy up to
$1 million in coverage for an extra premium. |
|||||||||||||||||||
Medical
Payments - pays medical bills for people hurt while
on your property. It also pays for some injuries that happen away from
your home, such as your dog biting someone. A basic homeowners’
policy pays $500 in medical bills. You can pay extra and get up to $5,000
in medical payments coverage. |
|||||||||||||||||||
Loss
of use - pays living expenses if your home is damaged
to live in during repairs. The most common policy pays up to 20 percent
of the amount for which your house is insured. |
|||||||||||||||||||
 |
 |
||||||||||||||||||
Start |
Next |
||||||||||||||||||
|
|||||||||||||||||||