Home Owner Insurance
Protect your home today
Home insurance is a contract between the homeowner and an insurance company, with the purpose of providing financial protection against loss or damage to the insured's property, as well as civil liability for injuries or damage to third parties within the insured property. These coverages play a crucial role in Texas due to its geography and diverse climates, protecting both the residential structure and personal property against potential risks.
The main coverages include:
Home structure - Dwelling
- Covers the repair or reconstruction of the structure of the main dwelling and connected structures, such as garages and decks, against damage caused by covered events, such as fire, storms, lightning, hail, high winds and vandalism.
Other structures
- Covers damage to structures separate from the main home, such as detachable garages, sheds and fences, ensuring that the entire property is protected.
Personal property
- Covers the repair or replacement of personal items inside the home, such as furniture, clothing and appliances, in the event of theft or covered damage. It is advisable to maintain a detailed inventory and adequate documentation to facilitate the claim process.
Liability
- Covers the costs of legal and financial protection if someone is accidentally injured on the insured's property or if the insured damages another person's property.
Loss of use
- Covers housing and other living expenses if the home is uninhabitable due to covered damage.
Additional living expenses
- Covers additional living expenses if the home becomes uninhabitable due to a covered event, such as temporary lodging and food.
Additional considerations:
Flood
- In flood-prone areas, it is essential to consider separate flood insurance, as typical homeowners insurance does not cover flood damage.
Earthquakes
- Similarly, earthquakes are generally not covered and require additional specific coverage.
Insured values
- It is crucial to regularly evaluate the value of the insured property to ensure coverage is adequate to rebuild or repair in the event of a loss.
*It is important to keep in mind that the terms and conditions of the insurance companies may vary for each coverage. Therefore, it is essential to review carefully to fully understand the extension and any exclusions that may apply.
