A Houston home is a large purchase, and if you're like most people, you'll likely need to take out a mortgage to cover the costs. In most cases, your lender will require you to maintain homeowner insurance coverage for the life of your home loan. Even if your home isn't financed, though, it is still in your best interest to have homeowner insurance coverage to protect yourself and your family.
Homeowner Insurance Basics
Homeowner insurance will cover the basic structure of your Houston home in the event of any damage, like if a tree branch falls through your roof or a grease fire destroys your kitchen. The coverage you have will pay to repair the damage and may also cover alternate housing while your Houston home is under repair.
Your policy will also protect you if someone is injured while on your property, like if a guest slips on your tile floor or a door-to-door salesperson trips over a tree root on their way to your front door. Your coverage will take care of the injured person's medical expenses and may include an additional settlement for any ongoing pain and suffering.
Expanding Your Coverage Options
The two aspects discussed in the previous section represent the minimum coverage your mortgage lender will require. However, you don't have to stop there. There are several additional coverage options you can add to your policy to boost your coverage.
For starters, you can add coverage for the contents of your Houston home. This includes things like your furniture, appliances, clothing, decor and other belongings. If you have valuable items, like fine jewelry and artwork, you can add individual coverage for these items as well. This coverage will compensate you for your losses so that you can replace damaged or stolen items.
Natural disaster coverage is another popular option for Houston homeowners. Flooding is common in the region, and this coverage is not included in a basic homeowner insurance policy. You can also add coverage for earthquakes if you like.
Your final option is your deductible amount. This is the amount you have to pay towards the damages before your Houston homeowner insurance policy takes over. The larger the deductible, the lower your monthly premium.
Insure Your Houston Home Today
At Hart Insurance Group, we help homeowners throughout Houston with their insurance policies, and we're here to help you, too. Call us at 281-419-1656 to discuss your coverage options.