Texas Homeowner Insurance
The key to understanding what you need in a Texas homeowner insurance policy depends greatly on understanding the nature and location of your home. Texas covers a vast and widely diverse range of geographic territory, and many regions in the state have perils uniquely specific to a particular locale. It is important that you work with an Agency that will take the time to educate you in the many challenges you may face in the part of the state you reside, and what your Texas homeowner policy needs to specifically cover to provide you with the best possible coverage.
Understanding a few basics about the three types of Texas homeowner insurance policies will help you save time and avoid confusion when you begin working with an Agent. Each policy type offers specific financial and coverage benefits that need to be carefully weighed in relation to what you can recently afford to invest in homeowner insurance and what you need to consider in terms of indemnity should you ever face a calamity and need to file a claim.
HO-A Policies
Texas HO-A are the most inexpensive policy type, and are often the most attractive to the first time homeowner due to the low cost investment they offer.
There is nothing wrong with investing in a homeowner insurance policy that is discounted or represents a low premium, but it is very important that you carefully consider what the policy actually covers and weigh that against perils in your part of Texas that could strike your home at some point in time.
An HO-A policy will only cover perils specifically named on the policy, and they limited in the endorsements that can be added to the HO-A policy.
HO-A+ Policies
The HO-A+ policy provides additional coverage to the Texas homeowner by making available a host of endorsements or coverage additions to the base HO-A and thereby becomes a very viable means of acquiring extensive coverage on dwelling and contents.
HO-B Policies
For a slightly larger investment in Texas homeowner insurance, you can have your agent write an HO-B policy. HO-B policies offer replacement cost coverage for most perils associated with damage to your house, and named peril contents on or off the premises where the house is located. Replacement cost coverage can be added to the contents coverage alleviating depreciation when damaged items are replaced.
An HO-B offers an extended variety of endorsements. Talk to your agent about what these endorsements entail.
HO-C Policies
Texas HO-C homeowner insurance coverage represents the broadest possible policy type intended to anticipate the most common perils in your region and offer comprehensive replacement costs per the estimated risk you face balanced against the value of your home and its contents. The HO-C policy provides extended peril coverage on dwelling and contents.
The specific details of your HO-C policy will have to be determined in partnership with your agent, who will look at all risk factors relative to where you live, the size and architecture of your house, and the value of your belongings within that house to give you the maximum coverage, the best possible rates, and any discounts for which you may be eligible.
One final note: It is always best to work with an agency that represents a number of A+ rated homeowner insurance carriers and who works statewide throughout Texas. Such agencies like TAHI tend to have more options to offer the Texas homeowner seeking the best rates and the most coverage.
Watch the video related to Homeowners insurance
HD version – www.youtube.com A dapper man and his 35-foot umbrella come to the rescue of all they meet on a whimsical trip to the city. Travelers offers a wide variety of insurance products including auto insurance, homeowners insurance and business insurance.
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Posted by American Car Insurance on September 18th, 2009 filed in homeowners insurance | 18 Comments »
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18 Responses to “Texas Homeowner Insurance”
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September 18th, 2009 at 7:43 pm
Buyer beware! Traveler’s lies.
September 18th, 2009 at 9:24 pm
I totally agree. You should submit the idea to a film studio. This commercial would make a great movie.
September 18th, 2009 at 10:33 pm
Travellers is the only insurance company that I have ever dealt with that went out of its way to cheat me. Caveat emptor
September 18th, 2009 at 8:26 pm
Find an independent agent in your area at this link -
http://www.iiaba.net/agentlocator/findagent.aspx
Or you can go the old fashioned way and look in the Yellow pages.
September 18th, 2009 at 8:36 pm
homeinsurance.awardspace.us – try this one. Got my home insurance from them. As I know they provide such a service.
September 18th, 2009 at 11:25 pm
Of course it is true. Home Owners insurance is truly only to be used to actually replace your house. If you file a claim (any kind of insurance) that takes money away from the company they are going to raise your rates to reclaim that money over time. Trust me, if your agent tells you that they are going to go up, they will.
September 18th, 2009 at 11:53 pm
Neighbor to you, (Lake Charles, La.), just wanted to say sorry to hear all of this stuff is going on for you, but glad you're ok and safe…that's all that matters!
I wanted to give you this information…..
Have you tried to get the SBA Loans? (When you register with FEMA, you should get a packet in the mail from them.)
Registered for FEMA?
I don't understand all the stuff for SBA, but I know it will help you with stuff insurance is not paying for.
To answer your question, yes you can get contents added to your insurance plan, just be sure you are accurate on prices when you are putting them on insurance and allow for a little more due to price changes.
September 19th, 2009 at 7:42 am
This is such a great ad. Funny, uplifting, and very touching. What a charming man!!!.
September 19th, 2009 at 7:56 am
September 19th, 2009 at 10:39 pm
It’s brrroken.
September 20th, 2009 at 4:08 am
yeah this is a wicked sick commercial except the old guys tone and appearance is kind of creepy
September 20th, 2009 at 5:22 pm
“we could swim across”
“SWIMMING?!?!”
September 20th, 2009 at 8:34 pm
Yep, if you have damage more than 5% or $5,000, whichever is LESS, and you have a mortgage on your house, the insurance company is required to make the check out jointly to you and the mortgage company.
Typically, you'd sign the check, send it to the mortgage company, and they'd release the money in installments to you to pay the contractor, as the work gets completed.
That keeps you from taking the money and not getting the repairs done, and abandoning the house to the mortgage company.
The way around it, is to ask your adjuster to make the check payable to you and the contractor, or sign a direction of pay with the contractor so they can be paid directly by the insurance company.
September 21st, 2009 at 12:28 am
Here is a good list of Texas agents sorted by zip code:
http://www.insuremyhouse.com/texas.html
September 21st, 2009 at 11:57 am
Well, it's going to vary. Different companies offer different "bonuses" to houses in their target area.
MY homeowners policy (Houston) is with State Farm – because as you know, Texas doesn't use ISO forms, and my State Farm form is more broad, with more coverages, than any other form (they aren't offering this form for new clients any more, though). It's also the most expensive that I've found.
If you go to a local, independent agent, they'll be able to give you several quotes, and compare pricing and coverages for you. PLEASE don't shop based on price alone – coverages are IMPORTANT.
FWIW, the next "runner up" for my personal homeowners, would have been Travelers. They had the second most broad coverage form, and the pricing was competitive.
September 21st, 2009 at 9:59 pm
You switched your insurance company because of a cute commercial?? No one’s that naive
September 21st, 2009 at 4:41 pm
I think that you will find that we are all in the same boat here. The city of Houston plus many other cities here as well have been flooded so many times. this past Monday was a good example. Too many homes here have suffered flood damage…and cars as well. Best of luck on finding a decent home owners rate!
September 21st, 2009 at 11:40 pm
Wow, that commercial is great. If you can paint Travelers as a compassionate caring company that realizes customers are it’s life blood, do you think you can give me a PR makeover, I’m very misunderstood. I’m really a nice guy if you give me a chance. Thanks, Hanibal Lechter….(.p.s. Fava beans anyone??)