I was gathering information a few days ago from a prospective client on a new home she and her husband are buying. Once we’d reviewed everything for me to quote their home and car insurance, I asked her a question that allows me to advise them on their property and liability coverage. The question was, “Without providing me a specific number, is your family’s combined annual household income north or south of $125,000?”
Two weeks ago, I provided an overview of the coverage contained in a Texas home insurance policy (see https://wiseinsurancegroup.com/a-texas-home-insurance-overview/). Last week, we dug deeper into the policy with a look at the four categories of property coverage including dwelling, other structures, personal property, and additional living expenses (see https://wiseinsurancegroup.com/4-property-coverage-categories-home-insurance-policy/). In this week’s post, we’ll examine personal property, medical coverage, and policy deductibles.
It’s tax season and you have just over a month to file your taxes! It also means this is a busy time for scammers and identity thieves. Here are a few of the scams taking place.
There are 4 categories of property coverage in a home insurance policy including home or dwelling coverage, personal property or contents, other or detached structures, and additional or extra living expenses.
I was talking with a friend of mine who’s a Dallas area financial planner. His wife had just gotten their vehicle back from the repair shop after being in an accident where someone had hit them. The new paint on their vehicle was still curing so the car couldn’t be washed. As his wife drove on Central Expressway in Dallas, a wrench fell off a truck, struck their car, breaking the new grill and then gouging the hood. Luckily, the wrench didn’t hit the windshield in front of his wife or pass through it. She was safe, but they have another car insurance claim on their hands.
March is here and that signals the arrival of the home buying season. It also means it’s time for me to take a revisit home insurance. Beginning with this post, I’ll outline the coverage found on a typical Texas home insurance policy before drilling down into the different areas of a home policy. The goal is to help new home buyers know what to look for when shopping for home insurance, as well has raise questions to consider they may not have thought of.
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