Home Insurance

Home Insurance In Texas

Our homes are susceptible to all forms of accidents. From fires to theft and natural disasters, we are not in control of most accidents. Still, there is a way we can shield ourselves from financial responsibilities associated with home accidents—home insurance. ProCo Insurance recommends determining your insurance needs to find a plan that works for you and your family. Here is what you should know about home insurance in Texas.

Home insurance basics

A homeowner insurance policy is an all-around or package policy covering legal responsibility or damage to property on behalf of the policyholder. The policy includes everyone living in your home, including relatives and pets. Note that standard home insurance does not cover most natural disasters like floods or earthquakes. You will need to purchase separate policies if you suspect you live in areas prone to the uncovered perils.

Home insurance coverages in Texas

Standard home insurance includes four types of coverage. They include:

• The dwelling coverage: Protects the physical structure of the home like walls.
• Personal property coverage: Covers your possessions in that house like furniture, electronics, or clothes if they are damaged or stolen.
• Property damage liability: Pays defense fees if someone files a claim against you after their property is damaged by you or another family member.
• Bodily injury liability: Defends you if you are sued for injuries that happened on your property.
• Additional living expenses: Reimburses you when your home becomes unlivable after an accident.

How are rates determined?

Every home is different. That’s why two homeowners will not pay the same amount of insurance. A lot has to come into play, particularly about the house, like the value of your home, the house's age, the construction materials used, and the location. Insurance companies also check the value of the items in that house, the crime rate in the area, and the number of people living with you to determine how much insurance you will pay.

Our knowledgeable agents at ProCo Insurance will be more than happy to help you find a policy that matches your needs, style, and budget. Contact us for more information, quotes, or other policy discussions.