Texas Homeowners Insurance Made Easy

Texas Home Insurance for ProtectionFor first-time homeowners, it may be intimidating to find information on homeowners insurance and comparing coverage rates. This is to help assist you to overcome that anxiety.

To assist in making a personal decision about insurance coverage for your home, you need to understand the basics. The following two terms are essential elements to come to terms with and grasp in order to make an educated decision.

  • Homeowners insurance: A policy taken out on your residence. Usually, the policy covers all or a portion of the repair or replacement costs if your home is damaged or destroyed. But, just like car insurance, you can have “riders” added to your policy. These include such things as medical coverage (this is optional on some homeowners insurance policies), coverage for unattached buildings or structures (tool sheds, barns, or similar buildings), and other things.
  • Premium: The amount you pay for your homeowners insurance policy. How much that figure is depends on the amount of coverage you purchase. How much coverage you need depends on a number of things. For example, if you still have a mortgage on your home, your mortgage company may require you to carry a certain amount of coverage. If your home is paid off, and is an older home, you may be able to get by with less coverage.

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