Texas Homeowners Insurance

The process of home ownership in any state is stressful enough as it is – between chasing adequate financing, making sure paperwork is in order, and dealing with last-minute hassles at the closing, it’s all enough to drive anyone crazy.

But there is something uniquely stressful about buying a home in Texas… Texas insurance comes at higher premiums than any other state!

Right now, the average Texas homeowners insurance premium is about $1,400.00 per year… that’s quite a bit more than $400 – $600/year premiums in most other states!

Of course, any Texas homeowner understands that insurance is extremely important. How else will you protect your largest and most prized investment and all your personal property?

Too many people don’t spend enough time thinking about their homeownership and miss the boat completely. Then they really regret it when something unfortunate happens and they have to count on insurance companies to help out.

What You Should Know About Texas Homeowners Insurance

A basic homeowners insurance policy will take care of your home and property – furniture, valuables, electronics, etc. – but there’s something that most people don’t know: there’s plenty of room to customize your policy to your situation.

Texas smart homeowners insurance tip:

Make sure you’ve explored the customizable options of your insurance policy so you can get the best deal.

Many Homeowners Insurance Plans Don’t Just Cover Property Damage

They’ll also cover legal liabilities for any injuries caused to your guests, property damage caused by your family, or even your pets! It used to be that you could choose to have homeowners insurance or not, but these days it’s required by most banks and mortgage lenders. Of course, they want to protect their investment!

Warning: There Is No “Blanket” Homeowners Policy Out There That You Should Get

Specifics on what tycific insurance policies you get largely depend on which part of Texas you live in.

Flood and Earthquake insurance

These 2 disasters are not typically included in the basic, standard homeowners policy. You’ll have to get additional policies if you want protection from floods and earthquakes!

Replacement Coverage vs. Cash Value

Replacement coverage means the company will give you whatever money you need to rebuild your home and replace your property. Cash value only pays you for the value of your property at the time of your loss… typical deductions include wear & tear, age of your home, etc.
Be extra careful… too many people think these mean the same thing, so make sure you pay close attention to your policy!