University Park home insurance Archives - Page 5 of 8

Liability Coverage, Deductibles and Your Home Insurance Policy

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.

The 4 Property Coverage Categories in a Home Insurance Policy

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.

Home Insurance and the Disappearing Back Yard

Homeowner’s in Frisco finds themselves caught between a rock and a hard place as they wait for their homeowners association and neighborhood developer to decide who’s responsible for the collapsing slope behind his home. It also raises a question of what their home insurance policy covers and doesn’t cover.

Misleading Home Insurance Offer Letters

Sheri’s and my home insurance renews in March. Over the past few weeks, we’ve received a number of offer letters from insurance agents with a variety of companies. All of them offer what appears to be huge savings. If I were not an insurance agent, I would be very interested, however, I am an insurance agent and I know what I’m looking at when I read these offer letters. The savings they promise really is too good to be true!

Demolition, Debris Removal and Home Insurance

Over the past five weeks, I’ve written about home insurance topics related to the tornadoes that hit north Texas on December 26th including picking the right roofer or contractor, claim steps, important coverage in the event of a total loss, how claims are paid and why a home inventory is invaluable after a major claim. I felt it appropriate to end this series with a look at two things home insurance covers which are factored into the home’s dwelling value that most homeowners don’t think about, demolition and debris removal.

Do You Have a Home Inventory?

On Saturday, December 26, the temperatures were unseasonably warm, due to the warm air flowing up from the Gulf. A cold front rolled in from the west late that afternoon to collide with the warm Gulf air and set off 11 tornadoes across north Texas which killed 11 people and damaged or destroyed over 1,200 homes and businesses in Red Oak, Garland, and Rowlett.

How Home Insurance Claims are Paid

I had an interesting question last week from a prospective client. I was explaining personal property coverage on the home insurance quote I’d prepared for them when they asked, “If my house burned down, the insurance company will write me a check for $X to replace all my personal property?”

Will Your Home Insurance Cover a Total Loss?

Do you have enough coverage in your home insurance policy to cover a total loss? Do you have the right coverage? The answer to these two questions may never be known until you experience a situation like over 100 homeowners did after Christmas when tornadoes rumbled through Red Oak, Garland, and Rowlett. Over 1,200 homes and businesses were damaged or destroyed by 11 tornadoes which ransacked parts of north Texas on December 26th.

Home Insurance Claim Steps

Sheri and I headed to join friends over the New Year’s holiday after checking in with all our clients located in and around where the tornadoes struck Garland, Rowlett, and the surrounding areas last week. We drove out I-30 toward where the twister struck near where the George Bush tollway and I-30 intersect. The damage sustained by the apartment buildings on the south side of the freeway was incredible; starting with rubble and progressing along the buildings to lost roofs and major damage.

Home Insurance Claims After the Storm

This past Saturday was a warm day, shorts and t-shirt weather for most of the day. The weather report called for a cool front to move in that afternoon and evening. It did and the collision of the cool front with the warm air moving up from the Gulf set off a chain of thunderstorms and up to 9 reported tornadoes that ranged from Waxahachie, through Garland, Rowlett, and past Lake Lavon in Collin County. The extent of damage wasn’t known until Sunday.

Tag: University Park home insurance

Liability Coverage, Deductibles and Your Home Insurance Policy

The 4 Property Coverage Categories in a Home Insurance Policy

Home Insurance and the Disappearing Back Yard

Misleading Home Insurance Offer Letters

Demolition, Debris Removal and Home Insurance

Do You Have a Home Inventory?

How Home Insurance Claims are Paid

Will Your Home Insurance Cover a Total Loss?

Home Insurance Claim Steps

Home Insurance Claims After the Storm

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