Home Insurance

It can be a daunting task to make your way through the many Texas home insurance companies and fully understand what they offer in the way of coverage. You should carefully consider all the facts, especially when you realize that for most people, their home is their greatest investment. It is also most people’s greatest financial asset. So it is wise to make smart choices when it comes to formulating a policy that is right for you and your needs.

Many consumers don’t know a lot about Texas home insurance and once they have purchased a policy, most tend to stay with the same insurer, year after year. Like all insurance policies, your home insurance coverage needs to be reviewed annually (or perhaps more often, depending on your circumstances). It’s easy to forget that things you purchase for your home add value to your personal property, so the cost of replacing these items, whether due to theft, fire, smoke or water damage, can all increase substantially.

Also, improvements and/or additions you make to the structural property itself can increase its value and the amount of coverage you have with your policy may need to be increased accordingly. We are all aware of the problems many people had with their claims after natural disasters destroyed much or all of their property.

Unfortunately, many consumers are unaware that specific coverage for earthquakes, hurricanes, etc. are oftentimes considered “extra” and as such, they have to be written into your policy separately and at additional cost. You will need to consider Texas home insurance to protect you in case of theft, also. Most people greatly underestimate the replacement cost of all their possessions.

And again, if you own high value jewelry pieces, artwork, antiques or the like, you may be required to list these items separately and have appraisals and photographs on file with the insurance company. Remember that renters need Texas home insurance, too! Your personal property has value and you need to protect it in case of theft or damage due to fire, storms, etc.

When you have read the following article and decided on the type of policy you want, contact the people at insuranceUSA.com. They will offer you reliable quotes for the policy that is right for you!

Choosing Your Texas Home Insurance Policy
Texas home insurance policies vary according to individual needs and requirements. Generally speaking, there are two types of Texas home insurance policy options to choose from – monoline and package policies. A monoline Texas home insurance policy only has one specific type of coverage, such as liability. A package Texas home insurance policy offers several different types of coverage. The package policy may include property and liability insurance together, for example. For most people, it is more cost effective to buy a package policy instead of a monoline Texas home insurance policy. InsuranceUSA.com can help you decide just which Texas home insurance policy is right for you!

There are seven standard types of Texas home insurance policy options to choose from, depending on your personal needs. Each is described in brief below. For more information on these Texas home insurance policy options available, contact insuranceUSA.com.

Homeowner-1 (HO-1): Offered by very few Texas home insurance policy companies, this policy option has very narrow coverage. It usually covers damage from fires, lightning, smoke, wind, hail, burglary, theft, explosion, glass breakage, vehicle damage, riot and civil unrest, as well as civil judgments, medical payments, personal property, and expenses if forced to live away from home for a short period of time.

Homeowner-2 (HO-2): This Texas home insurance policy covers everything listed in HO-1, as well as falling objects, damage from the weight of ice or snow, damage from leaks or freezing in the plumbing system, electrical damage to appliances, and damage cause by a rupture in the water heater.

Homeowner-3 (HO-3): Also called a Special Form Policy, this is the most common type of Texas home insurance policy in use. It covers all physical losses, except for those that are specified in the policy. Exceptions often include floods, earthquakes, war and other disasters, natural and man-made.

Tenant/Cooperative Owner (HO-4): This Texas home insurance policy is for renters or owners of cooperative units. This is used to insure against damage to the tenant’s possessions, and personal liability for physical damage suffered while in the unit.

Homeowner-5 (HO-5): This Texas home insurance policy covers everything listed in HO-3, plus personal possessions against loss, except for specific exclusions listed in the policy.

Condominium Unit Owner (HO-6): This particular Texas home insurance policy offers the same coverage as HO-4, but is used only for condominiums.

Homeowner-8 (HO-8): This Texas home insurance policy option is similar to the HO-1 policy. The difference though is that it provides an actual cash payment instead of replacement cost coverage. This Texas home insurance policy is usually only used in the case of older homes where the property exceeds the market value.

No matter what type of Texas home insurance policy you need, InsuranceUSA.com is ready to help you get all the information you need to make the right choice!

How Much Texas Home Insurance Do you Need?
Purchasing Texas home insurance shouldn’t be a time-consuming process and you don’t need to buy so much insurance that you can’t afford the premiums. Always buy just enough to cover the value of your home if it is completely destroyed.

Many times an insurance company will require you to have your home inspected to determine its value. Homeowners will want to create an inventory of their possessions such as appliances and furniture. Update it yearly or whenever a major purchase is made. Also, always take photographs and save your receipts.

When it comes time to buy Texas home insurance, you can request a free quote from InsuranceUSA. Further questions on your policy can be answered by your insurer.

Non-Renewals and Policy Cancellations
State laws mandate that your Texas home insurance cannot be simply cancelled during its “term period”.

However, if you fail to pay your premiums or make any false claims, your insurance company can legally cancel your policy. Also, if you are convicted of a crime; make modifications to your property so as to deem it uninsurable; or create conditions wherein the property is considered unsafe, you may face cancellation as well.

Once the term period has passed, your insurance company reserves the legal right to cancel or not renew your policy. In any event they must provide the policy-holder with adequate written notice.

Obtaining Good Texas Home Insurance
When you begin to shop around for Texas home insurance you must first make sure that you know that the suppliers that you are considering are properly registered with the state authorities. The easiest way to check any insurer out is to simply request a copy of the State issued certificate that has their license number on it.

Once you start to work with a specific insurer they will present you with a survey to complete. The results of this survey will give the Texas home insurance provider the means to give you a good quote. The more information you include in the survey the more accurate the quote will be.

A low price doesn’t always guarantee a high level of service. Make sure that you are happy with the fact that the insurer you choose will be responsive in a timely manner if you need to file a claim with them.

Obtaining Good Texas Home Insurance via the Internet
Shop around when you buy Texas home insurance. You can use traditional means such as calling or using a shop front office but it is easier and more efficient to shop for your Texas home insurance using your computer. There are many good sites available to make your search for appropriate Texas home insurance a fast and pleasant experience. Try InsuranceUSA for a hassle free insurance buying experience. As with the more traditional means of buying Texas home insurance you will need to answer a series of questions for the insurer to be able to make sure that they have the right product on offer for you.

Speed of response and fair treatment when handling claims is as important as the cost. Make sure that you consider all of these factors when you choose your Texas home insurance.