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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