Tag: Texas home insurance

Home Insurance Options Part Two

… no Texas home insurance policy covers everything a homeowner can experience. Nor does everyone need the same coverage across the board. This is why all home insurance policies come with options. These options enable a person to tailor the level of coverage to their specific needs and risk tolerance. Some people wouldn’t dream of having a policy without identity theft and credit card fraud coverage while others think such coverage are a waste of money. In this week’s post, I’ll outline more options you can include on your Texas home insurance policy.

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A Texas Home Insurance Overview

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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13 Ways to Save on Home Insurance

No one wants to pay more for their Texas home insurance than they have to. What people want is to pay a fair price for their home insurance without being over or under insured. With that in mind, here are 13 ways you can save on your Texas home insurance.

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Home Insurance Inspections

I received an email from one of my insurance company’s underwriters. They wanted to clarify one thing that turned up in the inspection of a home I’d recently written a policy with them for one of my clients. The item the underwriter wanted to confirm was the type of cooling system the home used to see if it met their guidelines. If it did, the policy would remain in force, however, if it didn’t, the policy would have to be cancelled.

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Home Insurance and Lawsuit Restrictions

Larry Taylor, a Texas State Senator from Friendswood, introduced a bill to restrict homeowners’ ability to sue insurance companies over unpaid claims. The Senate passed his bill last Wednesday in a 21 to 10 vote, and it’s headed to the House to be voted on. If approved it, the bill will go to Governor Abbott to sign or veto it.

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Texas Home Insurance vs These 10 States

For the last 10 years, Texans have had the ignominious distinction of paying the highest or second highest home insurance rates in the nation. This year, we caught a break and are currently number three with an average annual premium of $1,625. Florida beat us out to take the top spot with an average annual premium of $1,991 followed by Louisiana with an average annual premium of $1,722 according to Value Penguin for 2015. Rounding out the top five were Mississippi ($1,451 a year) and Oklahoma ($1,428 a year).

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Home Insurance Deductibles

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.

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Home Insurance and Liability Coverage

Texas home insurance policies, like policies in most other states, are divided into sections. The first section outlines the core property coverage, which I introduced last week (see http://50.87.248.161/~wiseinsu/home-insurance-core-property-coverage/). The second section outlines the policy’s liability coverage which is designed to protect the homeowner financially if something happens in the home or on the property.

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Hail, Roofs, and Texas Home Insurance Changes

The Bob Dylan song, The Times They Are A-Changing, has never been more appropriate than now when it comes to Texas home insurance. This is especially true with insurance companies and how they are grappling with home insurance rates, hail claims, and how to cover roofs.

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