Homeowners insurance protects one of your biggest investments, and your lender will require it. In North Texas, storms and hail are part of life, so it is smart to understand your policy.
What a policy usually covers
The structure of your home.
Your belongings.
Liability if someone is hurt on your property.
Additional living expenses if you cannot stay at the home after a covered loss.
Things to compare
Deductibles, especially the separate deductible some policies have for wind and hail.
Coverage limits, and whether the home is covered at replacement cost.
What is excluded, such as certain types of water damage.
The company's reputation for handling claims.
When to start
Get quotes early, once you are under contract. Insurance must be in place by closing, and some homes, such as older ones or those with an older roof, can be harder to insure.
Ask before you buy
Ask the seller about the roof's age and about past claims. Your insurance agent can tell you what will affect your rates.
Work with an independent agent
An independent agent can compare options from several companies.
I am not an insurance agent, but I can point you to professionals I trust. Reach out and I will help you plan.
