Property values are rising in Southlake, TX, and in many other parts of the state. As homeowners throughout the country have discovered, however, the insurance implications of increased home values can require additional planning. At Kimble Brown Insurance Agency, we’re ready to help. You may have heard that, in areas where homes have been damaged or destroyed by fire or flood, repairs or replacement costs have risen even if coverage amounts have not. Also, homeowners need to take action to purchase the type of home insurance that meets their needs. Two common choices in Texas are actual cash value, which may cost less but cover the depreciated value of your home, or replacement and repair cost coverage, which restores your home’s condition.

Roof Repair Home Insurance Claims As Examples

Roof repairs are common events where homeowners will discover what their insurance covers. This is a critical situation because you’re restoring the look of your home and possibly the structure and the seal that protects your family from the elements. If a roofing contractor does an excellent job identifying repairs or replacement needed, the cost and complexity can be significant.

Tracking Your Home’s Value And Updating Coverage

At Kimble Brown Insurance Agency, we’re familiar with real estate in Southlake, TX, and ready to help with coverage adjustments to reflect rising property values and repair costs. The construction industry has faced labor and material shortages, reflected in rising repair and replacement costs. Our experts can help you keep your coverage up to date so that unexpected damage to your home or other concerns doesn’t leave you making up the difference to restore your property to its original condition. Call us and see!