Home Insurance in Texas
What Does Home Insurance Cover?
Home insurance isn't required by law in Southlake, TX, but it may be required if you have a mortgage. Even though it may not be required, there are many benefits of home insurance, which is why people will generally choose to have coverage. Home insurance will cover many things besides just the structure of your home.
In addition to the structure of your home and other structures on the property, such as a garage or deck, it will protect the contents of the house and your personal belongings. Your personal belongings don’t necessarily need to be in the home to be protected. If your laptop gets stolen while you are on vacation, then it can also be covered under homeowner’s insurance. You may need to purchase additional coverage or a rider for certain items.
Another protection you are given is liability insurance, which will cover medical payments and legal fees if someone is injured on your property or if you damage someone else’s property. Depending on your policy, you may also get additional living expenses covered if you have to live outside of your home while it is being repaired.
What You Should Know about Home Insurance in Texas
You should get home insurance based on the replacement cost of your home. This is the cost to rebuild it if it is destroyed or damaged, but not the market value of the home. Replacement cost can offer more protection and building a house can often exceed the market value. Most home insurance policies will come with $100,000 in personal liability coverage, but this isn’t usually enough to pay for medical costs and legal fees if someone is seriously hurt. Therefore, you should ask an agent at Kimble Brown Insurance Agency if more is right for you. It’s important to note that in Texas, home insurance may not cover hurricane damage, and floods aren’t covered under a standard home insurance policy. Be sure to read the fine print on any policy so you can have adequate protection.
Contact Kimble Brown Insurance Agency, serving Southlake, TX and the DFW area, to get a quote on home insurance.