Protecting you and doing it properly is what we are all about. Our professional and experienced agents work hard to understand your individual needs and match it up with one of our many carriers to make sure you are getting the protection you need at a price you will love.
Your home! One of your biggest investments in your portfolio. Insuring your home against lightning, fire, hail, wind, theft, and even freezing of your plumbing system is undoubtedly one of the most important decisions you can make. Let’s not forget about your personal property!
We make that easy by helping you shop over 30 carriers and providing you with a wide array of options and endorsements to ensure you have a strong policy. Couple that with our amazing account managers, and you can have peace of mind knowing you will be taken care of if disaster strikes.
Get a quote today and let us show you just how much money we can save you on your home while not sacrificing protection.
Homeowners insurance protects you against fire, wind, lightning, windstorm, and hail to name a few. It is important to note however that not every natural disaster is covered by homeowner’s insurance. For example, flood and earthquake are not covered and if desired, can be purchased on a separate policy.
Here are some good basics of homeowner’s insurance.
- Dwelling Protection – The “sticks and bricks” …the physical dwelling. This is going to cover the home, and anything attached, like a garage.
- Other Structures – Your home is not the only thing on your property that is covered. It may cover any other structure that is on your property and is not attached to the home. This includes storage sheds, tool sheds, and fences.
- Personal Property – Take your home, turn it upside down and shake it…if it falls, it is most likely personal property. This will protect your personal property in the event of theft or fire to name a couple. You may also need to get extended coverage on your higher value property items like firearms, jewelry, or fine arts.
- Liability Protection – Someone slipped or tripped on your property? This may protect you from any expenses because of someone getting injured on your property.
- Deductibles – This is the portion of the claim you pay. Let’s say your home’s roof is valued at $5,000 and needs to be replaced from a hail storm. You have a $1,000 deductible (yes we do offer this in some areas). You would pay $1000 and the insurance company would pay $4,000.
This is just the tip of the iceberg on a homeowner’s policy. Call us now to speak with our reps about Named Peril vs. All Peril and Replacement Cost vs. Actual Cash Value.
Is the big bad wolf trying to huff, puff, and blow your house down? Having wind protection, especially on the coastal bend is not just a nice thing. It is a must! Many times, this is not included in your policy and must be purchased through Texas Windstorm Insurance Association (TWIA).
Not a TWIA fan? No problem. We have several carriers who will allow us to include your windstorm in their policy…how is that for winning?
Wind insurance can be purchased either separately (TWIA) or in a policy that bundles it. If you live in a coastal area or in a wind pool, your standard deductible is going to be 2% versus 1%.
If you buy the policy separately, it is only going to protect you from wind. Your homeowners policy would cover you against the remaining perils it is liable for.
There are typically two types of people who buy flood insurance. The first type is when they live in a floodplain and are required to. The second type buys it after they didn’t have flood insurance and it happened anyways. Unfortunately, we cannot help you after the fact, but here is the deal. If you do not live in a flood zone. It can be inexpensive.
Talk to us now before you get in “over your head.”
If you are required to buy flood insurance, you will most likely know because your mortgage company will not let you close on your home without it. If you are required to have it, you will need to acquire an “Elevation Certificate.” What if you cannot locate the Elevation Certificate? Don’t worry, you can have a surveyor come out to provide one for you. This is going to be necessary, so your agent can provide you with a quote.
If your home is in a flood zone, your insurance will be written through the National Flood Insurance Program (NFIP). This program is controlled by FEMA. What does this mean for you? It means that the rates are set. Your premium should be the same regardless of what insurance agency you receive your quote from. If you do see a variance, it may have not been written correctly.
Not in a flood zone? That doesn’t mean you are out of the water. According to FEMA people outside of high-risk flood zones file more than 20 percent of all NFIP claims and receive one-third of federal disaster assistance for flooding. Flooding is the number 1 natural disaster in the United States. Purchasing a flood policy outside of a floodplain is extremely inexpensive and can save you thousands in the event you find yourself rowing away from your home.
We can’t promise your tenants are not going to throw the greatest party on the block by creating a bonfire out of your investment property on the 4th of July…but we can promise to be there for you and put you back to where you were prior to that bottle rocket flying into the side of the house.
While you don’t live there and none of the personal property belongs to you; you have a vested interest in the structure. We can help you protect yourself from fire, lightning, hail, wind, vandalism and even rent payments you would have been receiving had your property not gone up in smoke!
Are you an investor? Well you will feel right at home with us. We are experts in helping property investors protect their investment property. We can help you if your home is in an LLC or even a Trust.
Hit that get quote button now and one of our agents will help you protect your property!
What are some things you want to look for in an insurance policy on your investment property?
- Dwelling coverage – Protection for the physical structure.
- Personal Property – You should only need some if you have any property in the home that belongs to you.
- Other Structures - Your dwelling is not the only thing on your property that is covered. It may cover any other structure that is on your property and is not attached to the home. This includes storage sheds, tool sheds, and fences.
- Liability Protection – As an investor, you need to make sure more than ever you are protected in the event someone gets injured on your property.
- Fair Rental Value/Additional Living Expenses – Just because your property is uninhabitable doesn’t mean the mortgage bill is not in the mail. You were expecting to make money on this property and now that it is unoccupied due to a claim, you are not getting paid. Fair Rental Value will pay you the rent while you wait to have your property repaired.