I wrote a condo insurance policy last week for a new client. He’d started out with an offer for a single family home in the Dallas area which fell apart after the home didn’t appraise for the amount he offered. As he thought through what he desired in his next home, he decided to look at condos in the area. It turns out, he found the perfect home, but since it was the first condo he’s ever purchased, he had a lot of questions about condo insurance.
What would life be without options? Most people assume that all home insurance policies provide the same coverage, or that they cover everything that could potentially happen to a home. They don’t. Due to differences in policy types and what insurance companies provide as standard coverage, there are several options I recommend to most home buyers or owners.
All Texas home insurance policies are divided into sections. These sections outline the level of coverage for property coverage, liability, what coverage is included, and what options may have been selected. Over the next few weeks, we’ll take a look at each of these. This week, we’ll focus our attention on property coverage.
Why does anyone who rent’s an apartment condo, or single family home need renters insurance? Aside from many apartment complexes or landlords requiring it, renters insurance protects the renter from financial loss when something happens such as a fire, water leak, or theft.
On Saturday, April 26, a low pressure front swept out of the Rockies across Texas, the southern plains, and across the southeast. It collided with moist air from the Gulf spawning 36 tornadoes over 8 states ranging from Arkansas to Virginia. As if the tornadoes weren’t enough, the same storm system dumped 12 to 18 inches of rain across Alabama and the Florida pan handle before swinging up the Atlantic coast causing widespread flooding.
Understanding what’s in a home insurance quote and policy is the first step in learning how to buy home insurance.  The first two parts looked
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