A friend of mine called me a couple of weeks ago. She and her husband recently bought their first home together in east Dallas and are remodeling it. They smelled gas and called Atmos Energy who discovered a leak in the gas line between the meter and their home. She wanted to know whether her home insurance policy covered the repair of the gas line.
Texas home insurance policies are divided into sections. The first section outlines four core property coverage items (see http://50.87.248.161/~wiseinsu/home-insurance-core-property-coverage/). Last week, we looked at the second section which outlines liability coverage, or coverage that protects you if something happens to someone in your home or on your property (see http://50.87.248.161/~wiseinsu/home-insurance-liability-coverage/). This week, we’ll continue this by looking at policy deductibles.
I have a number of clients across Dallas / Fort Worth who own rental property. Some are first time landlords while others own multiple rental properties and have done so for many years. It’s exciting for me to be a part of helping someone reach their financial dreams by protecting an asset that should grow in value over time. When working with a person buying their first rental property, I begin that discussion with a brief overview of the three types of rental property insurance policies.
?On Friday, January 25th, an earthquake measuring 4.8 on the Richter scale occurred in the east Texas town of Timpson. Timpson is about 172 miles south east of Dallas. The earthquake occurred at 1:01 a.m. and was felt in east Texas, southwest Arkansas and western Louisiana. No injuries or damage were reported.
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