A guide for Texas Homeowners Insurance

August 10, 2015 by Nanc y | Filed under Homeowners Insurance.

Sure, most folks are familiar with the term “homeowners insurance” and they know it’s a wise investment to cover big risks, but they generally don’t know some of the important aspects of dealing with homeowners insurance (https://www.texasquotes.com/). If you’ve always been just a little confused or befuddled about homeowners insurance, these tips could prove to be helpful.

Doubts About Homeowners Insurance Coverage

If you have any doubts at all that you have adequate homeowners insurance coverage, speak up. Contact your agent to discuss any questions and concerns. In reality, there are many homeowners that are actually under-insured and don’t even know it.

Most people make the assumption that their homeowners insurance magically updates itself for inflation. They assume if their home were to be destroyed by a tropical storm in Texas, there would be plenty of coverage for rebuilding the equivalent home they have today. This just isn’t true unless you’ve purchased insurance inflation guard.

Updating New Purchases and Upgrades on Homeowners Insurance Records

Don’t forget to contact your agent when you’ve made new purchases or additions to your home, so they can be properly insured on your homeowners insurance policy. Report things like new patios, pools, hot tubs, pool fencing, deadbolts, smoke alarms and fire extinguishers.

New Homeowners Insurance Quotes

If you’ve been in your home for years and still have the same insurance carrier, it might be a good idea to shop around for new insurance quotes for homeowners insurance.

Thanks to the Internet, you can get multiple insurance quotes online from a variety of online insurance quote websites. Most of these are free, so your biggest investment is a few minutes of your time.

If you didn’t shop around when initially setting up homeowners insurance coverage, it’s possible you didn’t get the cheapest rates for insurance coverage. Now is a good time to check!

Making Good Use of Deductibles

Higher deductibles save you money in the long run. By keeping deductibles higher, you pay a lower yearly premium. Granted the deductible (amount you pay out-of-pocket) will be higher if you have to make a claim, but you may only have to make a claim about every 10 years.

Homeowner Responsibilities

One of the most important things homeowners are responsible for is recording accurate records of their personal belongings and seeing that the insurance company has a record of this information.

The more accurate and detailed records and receipts that you can supply the insurance company for your homeowners insurance policy, the better off you’ll be if there should be a fire or a hurricane in Texas that wipes out your home. You’ll have proof of what you owned and the condition of these items.

Take photos or record all your personal belongings with a VCR in each room of the house to paint a realistic picture for your insurance company. Keep a record of any certificates, documentation and receipts of purchase for all personal items that need to be covered in your policy.

If your Texas home should be flooded from a tropical storm or you’re the victim of a burglary, you want the support of a good insurance agent and a reputable insurance company. Do a little research when choosing an insurance company, and make the effort to keep your homeowners insurance policy up-to-date so you’re covered.