Types of Homeowners Insurance

3 Types of Homeowners Insurance Coverages That You Should Become Familiar With

Homeowners insurance is something that all Texans who’ve recently purchased a new residence should know about. Although we typically associate this type of insurance to protecting our homes against occurrences like fires, hurricanes and floods, there are other factors where your policy will come into play, like liability, dwelling insurance and personal property insurance.

If you don’t already have insurance in place for your home, then now is the time to act. It may seem like a hassle having to scourge the Internet for the perfect policy, but that’s what we’re here for! Read on to learn more about finding insurance for your home.

Contact our insurance agency in McAllen to learn how we can help you find the perfect insurance policy for your home, vehicle or business today!

What Does a Homeowner’s Insurance Policy Cover?

If you’re new to purchasing homeowners insurance, then finding the right policy is a process that can take some time and even professional help. The most important thing to know about this type of insurance is that there are many different subtypes. The most common include:

  • Dwelling Insurance: This protects your actual home in the case of a fire, theft, vandalism or natural disasters. This can also cover items on your property like sheds and fences.
  • Liability Coverage: This type of coverage protects you as a homeowner should a guest of yours suffer injury while on your property. It primarily helps to offset any medical costs up to a certain point from injuries suffered by guests. Additional forms of liability are available, just give us a holler so we can go over them together.
  • Personal Property Insurance: This covers prized-possessions within your home. This can include family heirlooms like jewelry or furniture. Of course, it’s highly recommended that you save receipts, record what these items are and go over them with our insurance agents to determine how this policy should be applied.

Will I Need to Purchase Additional Coverage?

Depending on where you live, the type of coverage you’ve purchased and whether or not you’re financing your home through a lender can determine if you’ll need to purchase additional coverage. If you live within one of the 14 coastal counties along the Gulf of Mexico in Texas, for example, windstorm coverage is typically not included in homeowners insurance policies, meaning you’ll have to purchase it separately. For a better understanding of this, contact us.

Get the Process Started Now

It’s almost never too late to purchase a homeowner’s insurance policy. The only time an insurance company will not sell a policy is when there’s an incoming storm, such as a hurricane or tornado, in your area, whereby companies will put a moratorium on selling policies until the danger has passed.

Reach Out to Us Today

We know that finding the right policy for your home can be tough, but with our insurance agency in McAllen on your side, it doesn’t have to be. Contact us online or stop on by to find out how we can help you find the perfect policy for your home, vehicle or business today!

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18 Comments

  1. Hannah Schroeder

    Thanks for mentioning that dwelling coverage covers your house and structures on your property like sheds. My husband is building a large workshop in our backyard where he can do his carpentry, but I’m not sure if our home insurance will cover it. Maybe we should look into getting dwelling coverage to make sure it’s paid for if there’s a fire or something.

  2. Elsa Anderson

    I like how you mentioned how there are many different insurance subtypes, such as dwelling insurance covers almost everything, liability coverage which covers guest’s emergencies, and personal property insurance which covers heirlooms and pieces of jewelry. That’s perfect to learn since we’ve just moved and have no idea which insurance we will be taking. It seems like the dwelling insurance would be the most suited for us. I’ll check more online as to what else can be offered to us. Thanks!

  3. Thank you for listing common home insurance policies. My husband and I need to get some home insurance, but we don’t know anything about what kind we should get. That is good to know that dwelling insurance protects your actual home in case of a fire, theft, or natural disaster. It sounds like a great policy to have.

  4. I didn’t know that finding the right policy is a process that can take some time and even professional help. My sister just bought a house and they want to secure it. My mom suggested having homeowner’s insurance and shared this article with her. It says that purchasing additional coverage may depend on where they live.

  5. Larry Weaver

    Thanks for pointing out that it is almost never too late to purchase a homeowner’s insurance policy. I would like to get some insurance on a home that I recently purchased. Reaching out to a home insurance agent is what I plan to do so that I can get covered.

  6. Taylor Bishop

    Thanks for helping me understand more about homeowners insurance coverages. It’s good to know that there are different coverages you can get, like how liability coverage can help protect you if a guest happens to get injured. I’m a bit interested to learn more about some other insurances that are available, especially those that may not be common.

  7. Peter Martins

    I am glad you mentioned the 14 coastal counties along the Gulf of Mexico in Texas. I live in one of these areas and so many of my neighbours have not go the correct Home Insurance cover. We have been badly hit recently with flooding and only that I got the correct Home Insurance cover I wouldn’t be so confident. I must get my neighbours onto this site so they can get in touch to get the correct Home Insurance cover.

  8. Ashley Turns

    My husband and I are wondering what type of homeowner’s insurance we should get since we just bought our new house. So I appreciate you letting us know that personal property coverage will help make sure our personal possessions are kept safe. Since we love the pictures from our wedding and our childhoods, we will definitely have to get personal property coverage as part of our homeowner’s insurance.

  9. Alexandria Martinez

    According to my knowledge, now that my fiance and I are new owners of a house we should get homeowners insurance. We are a little unfamiliar with the process and need some helpful pointers. Both of us will be sure not to wait and get the process started now.

  10. Monica Chavez

    I love how you pointed out that personal property insurance can cover family heirlooms like jewelry and furniture. My husband are moving into a new home and we want to make sure that we have insurance coverage for all types of belongings, from the home itself to all of our valuables. We will definitely look into talking to an agent to help us get the right insurance for us.

  11. Emery Jean Chambers

    It was really nice when you mentioned the three types of home insurance coverage, but what got my attention was the dwelling insurance because it covers the house in case of fire, theft, vandalism, and such. I will be sure to mention this to my parents since we almost got robbed a few times in the past. I think we will benefit from this insurance just in case. Thank you.

  12. Ellie Davis

    Thank you for pointing out that you should get liability insurance in case someone gets injured on your property. My sister just bought a house and needs insurance. I hope she finds a good policy for her lifestyle.

  13. Bethany Birchridge

    I never took into account that dwelling insurance could protect my home, fences, and sheds. My aunt recently has a house fire, so I think she may be interested in learning about dwelling insurance. I’ll totally share this article with her.

  14. Ivanna Flint

    I appreciate you explaining the three types of homeowners’ insurance. What caught me was the dwelling insurance and how it covers the damages done by natural disasters and people on the property. Considering how we live in an area that receives a heavy downpour more often than normal, I think we need this. Thank you.

  15. Cindy Tay

    Excellent coverage break down. A lot of people really have no idea what gets covered under home owners insurance and then even when they get it they don’t realize that certain things are NOT covered.

  16. My father always warned me that people will try and claim of you if it was on or in your property, and I thought he was just a worrier. Turns out no, and insurance to cover this eventuality is extremely important and have taken out a policy to cover it.

  17. Thanks for pointing out that most home insurance policies will include personal property insurance. I recently received a valuable piece of jewelry from my mother and have been worried about having it stolen. I know we have a basic home insurance policy and I thought it would only cover damage to the house itself. Thanks for pointing out that personal property insurance is usually included! I’ll definitely confirm with our insurers that it’s covered.

  18. I really appreciate you helping me learn more about home insurance. A friend of mine told me that there are any additional discounts for which I might qualify. We’ve just installed a security system at home so I need to check if I can get a discount on it.

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