Texas Home Insurance Money Saving Tips

Texas Home Insurance Money Saving Tips

As specialists in insurance in Texas, we understand that your home is probably the most valuable asset. There is also a big risk for you financially. What if disaster strikes? What if you have suffered a fire, flood, vandalism or any other disaster? What if someone visits your slip and fall have a major injury? And the demand? An accident like that could put a dent in your financial security real big. For most people, insurance is a mystery. They know they need to have insurance for their homes (mortgage lenders need), but they do not understand the policy coverage. I do not know where the insurance companies offer the best prices. Because most people do not fully understand the insurance policy to buy, many people think insurance is a scam.

Texas home insurance is not created equal. In fact, almost none of it. There are thousands of different products out there, hundreds of insurance companies. How to find the insurance and the insurance company that best suits you? Have you read this special report, and take advantage of my vast knowledge of products and companies that provide them. Insurance of Texas is a local Houston Texas Insurance Agency specializes in insurance home. More than 20 Texas insurance experience, I know what kind of insurance fits your needs. I also know that insurance companies sell insurance of quality at the lowest price. Because I have specialized in the insurance needs of home and their families for more than two decades, I decided to dedicate myself to solving some of the secrets of home insurance in Texas. Texas flood insurance and earthquake coverage are two of the hazards for which there is no coverage.

The replacement value or actual cash value. Your Texas home policies do not provide coverage for all potential disasters that could damage or destroy your home. Earthquakes and there is no coverage for damage caused by water leaking into your house from the ground. You cover losses by fire, smoke, lightning, storms, hail, explosions, vandalism and theft. There are different ways to ensure your home. In general, make sure your structure and personal property. Take the first structure. There are two types of coverage: replacement cost and actual value.

Replacement cost coverage is highly recommended for all owners of Texas. Under the replacement cost coverage, the insurance covers the cost of replacing the part of the structure that is damaged, up to a maximum amount.

During the actual cash value coverage covers the cost of replacing the damaged structure minus depreciation. If you have an old house, this is perhaps the coverage you want. Unless your policy specifically says it provides replacement cost coverage, the coverage is for actual cash value.

So how much insurance you have?

In practice, if you do not want to pay for part of cost alone, you must ensure that your home, what it would cost to build again, if the residence has been destroyed.

How did you find? Your insurance agent can provide this information. If you do not have an insurance agent and if, you can contact local builders. In the world of the original construction, construction costs are calculated per square meter. Therefore, to determine the cost to rebuild your home, take the area of ​​your home and multiply by the average square foot building in your area. Your possessions are also insured at replacement cost basis or actual cash value. Again, unless otherwise noted, coverage of your policy is actual cash value. The home insurance policies also have limits to cover items such as jewelry, artwork and computer equipment. Read your policy and see what the limits are. For example, the standard policy will provide up to $ 1,000 of coverage for their jewelry in case of loss or theft.

Include all the furniture

Indoor and outdoor appliances, stereos, computers and other electronic equipment, recreational equipment and recreational equipment, china, silverware, dishes, linens, jewelry and clothing. Note the serial number, make or model number, purchase price, current value and the date of purchase of each item. If you have receipts for the items, attach them to the inventory. Make two copies of the inventory and record one of those copies offsite safe is a good place. Store images or video of the inventory offsite as well. You can get coverage for earthquake damage and flooding in a separate policy or as an endorsement of its property insurance coverage in Texas.

10 ways to save on home insurance Texas

Now that you know the basics of home insurance policy, here are 10 ways you can pay less. In many cases, you can get the same level of coverage for less money.

A Multiple Insurance Insurance - Do you have a car insurance policy in Houston?

Is this your auto insurance policy with the same company that provides your homeowners insurance? If the answer is no, you pay too much for the two policies. Almost all insurance companies that sell home insurance wants its policyholders to also buy auto insurance from them. These insurers offer so-called multi-policy discounts. These reductions can be up to 27% and some insurers apply the discounts to automobile and homeowners / renters policy. Raise Your Deductible! - The deductible is the amount paid before the insurance comes into play, if you have a complaint. For example, if you have a $ 500 deductible and you file a complaint $ 1,500 damage to your home, pay the first $ 500 and your insurer pays the balance, $ 1,000. The higher the deductible you choose, the more you pay. However, the higher deductible, lower premium policy. Depending on the insurance company, you can save between 12% and 37% if you are a $ 1,000 deductible for $ 5,000.

New is better! - Insurers really like newer homes. This is because it is something less likely to go wrong with electrical, heating and plumbing. In addition, the structure itself in better shape. Insurers offer discounts of up to 8% to 15% if your house is new.

Location, location, location! - Where do you live and what your home is made of? If you are in the eastern United States, it is preferable in terms of assurance of having a home of brick or masonry, because such a structure has a greater resistance to wind damage. In contrast, frame homes more disaster in the west. Good structure in the region right can save you 5% to 15%. Also, if your home is close to a fire station, you will pay less for insurance. If you live in an area prone to flooding, you may have to buy an insurance policy against flooding. If you do not have to buy a blanket and still live in a flood zone, your policy of Texas home insurance does not cover losses caused by flooding.

Home insurance, no state! - No one will steal your country. Fire and high winds will not destroy it. As such, when deciding how much homeowners coverage to buy does not include the value of the land. You must include the value of the house and other buildings on the property. If you include the value of the land that you are paying too much. Not what not! - Each year, you should check your policy to see what you have coverage for your belongings. If you made a major purchase, you want to increase your coverage limits, but what if you sell something or something? You do not have coverage. Pay special attention to items that are covered by endorsements or floaters in your policy, items such as jewelry and computer equipment.

Better safe than sorry! - Smoke detectors, burglar alarms and deadbolt locks are usually worth discounts of at least 5%. You can get even bigger discounts, 15% -20% if you install a sophisticated sprinkler system or an alarm system that rings at the police station or a security company. However, all these systems to obtain discounts. Before installing one, ask your insurer to find out how your system meets the discounts and how much you'd save your money if you have installed.

Where there is no smoke without fire! - Smoking (unattended cigarette butts, etc.) produced more than 23,000 home fires each year in this country. That's why some insurers offer discounts if all residents in a home are nonsmokers.

Group discounts! - Some insurers offer discounts to businesses or alumni associations. If you are a member of an association or associations, ask the leaders of the associations, if any insurance companies offer discounts to members.

Do not Jump Around - If you've been in the insurance company for a while 'and that the insurer wants to remain in force. Some insurance companies automatically discounts to policyholders who have been in business for several years. For example, 5% for at least three years, 10% for at least five years.

If you have a lot of material of jewelry, art or computer, you should consider buying a special personal property endorsement or floats that provide the coverage you need. We are talking about needs, you must take a written and visual (still pictures or video) inventories of everything you own in your home and other buildings on the property.