Tag: Dallas home insurance agents

Financial Oriented Home Insurance Options

The third category of home insurance options is oriented toward financial protection. These are options can be added to some home insurance policies are designed to protect the homeowner from a financial loss. Admittedly, all insurance policies are designed to protect the policy holder from a devastating financial loss, yet these are focused on certain types of financial loss.

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Property Oriented Home Insurance Options

Home insurance has several options which can be added to a home or condo policy. Some may even be added to a renters policy. These options provide additional coverage to further protect the home or the owner’s contents. Some options may provide additional liability coverage or enhance the protection of the policy holder’s financial status. We’ll examine each of these three areas over the next couple of weeks.

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Replacement Cost Home Insurance and the Other Kind

Over the past few weeks, I’ve written about home insurance covering traditional homes, condos, and town homes, as well as, renters insurance. In all the posts, I’ve mentioned the term replacement cost. On a renters policy, this refers to contents or personal property, while on a home, condo, or town home policy this refers to the actual structure and the contents. Let’s examine what replacement coverage is and how it’s different from the other type of coverage.

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Home Insurance Three Broad Coverage Areas

Home insurance can cover a lot of different things depending on the options offered by the company and selected by the homeowner. There are three broad areas that are common to most policies regardless of the home insurance company. These are coverage for property, personal liability, and policy extensions.

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A Very Important Condo Insurance Option to Have!

There are options for water leaks and the damage they cause, home equipment breakdown coverage, replacement cost versus actual cash value coverage, identity theft, credit card fraud, and even scheduled items coverage. There is one option no condo insurance policy should be without though…

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Home Insurance and Historic Homes

While Dallas is renowned for tearing down old homes and replacing them with new ones that are “bigger and better,” there are some areas in east Dallas, Lakewood, the Park Cities and parts of Fort Worth near TCU that have some beautiful, stately homes built at the turn of the past century. Some of the homes appear on National and Texas historic home registries and more reside in historic districts. How does writing a home insurance policy for a home in a historic district or on a registry differ appear from writing one built in the 1950’s or that was just finished?

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Hail’s Continued Impact on Texas Home Insurance

Summer’s here and while our hail storms are probably behind us, its impact continues to unfold for homeowners in the Dallas / Fort Worth metroplex and San Antonio. Home insurance companies paid an unprecedented amount in claims and tallied up losses from the storms. The impact goes beyond insurance companies balance sheets, it’s being felt by homeowners and buyers in both north and central Texas as insurance companies consider their options. The responses include moratoriums, increased deductibles, increased rates, and coverage shifts.

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Vacant Remodel vs Builders Risk Insurance

A couple of weeks ago, I wrote about insurance for fixer uppers and homes being remodeled and mentioned vacant remodel and builders risk insurance (see https://wiseinsurancegroup.com/home-insurance-remodels-fixer-uppers/). I touched on a couple of their differences but wanted to dive a little deeper into how they are alike, how they are different, and when one may be a better fit than the other.

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