Finance

Oct 3 2016

Texas Home Insurance Quotes – Compare and Save Today! #contractors #insurance


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Texas Home Insurance Information

Texas has its fair share of volatile weather, including hurricanes, tornadoes, snow storms, floods, and drought-induced wildfires. Regardless of where you live, it s a good idea to have a policy that protects you and your home from the unpredictability of the elements.

How Much Does Texas Home Insurance Cost?

In 2010, the average annual premium for homeowners insurance in Texas was $1,560. according to the Insurance Information Institute. However, your premium will vary based on things like your home s age and condition. Older homes may be more expensive to insure, and some companies may not even insure a house in poor condition. Insurance companies also consider the construction materials of your home and its location within Texas, as well.

Some companies also offer discounts for homeowners who take steps to reduce the chances of property loss. For example, companies offer discounts if a homeowner has burglar, fire, and smoke alarm systems, fire extinguishers, a good claims history, and more, according to the Texas Department of Insurance (TDI ). The types of discounts offered may vary by insurance company, so make sure to check with your provider to see what they offer. Additionally, everything from your home s proximity to emergency service providers to your personal credit score might come into play when determining premiums.

You can also check out this information from the Texas Department of Insurance, and you can investigate Texas FAIR Plan if you aren t able to find coverage through traditional companies.

What Does It Cover?

Most policies cover damage caused by fire and lightning, smoke, vandalism, theft, and other perils. The coverage typically includes the building itself, your property within the building, liability insurance in case someone else is injured on your property, and additional living expenses if you need to move elsewhere if the damage to your home is too great. A standard component of most policies is liability coverage. which provides coverage if someone is injured on your property and you or someone in your household is found legally responsible. This could include instances in which someone falls and breaks a bone, or if your dog bites a person, on your property. The coverage, which starts at $25,000, pays for medical expenses and court fees. Additional coverage up to $1 million can be purchased, according to the TDI .

Do I Have to Get Home Insurance in Texas?

Although home insurance isn t required by law in Texas, it will likely be required by a lender if you finance the purchase of your home. The Texas Department of Insurance has more info.

Optional Coverage to Consider

Mobile Home Insurance in Texas


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