San Antonio Homeowners Insurance Frequently Asked Questions
What does Texas homeowners insurance cover?
Homeowners insurance provides protection for your home and personal property such as furniture, clothing, appliances as well as for personal liability. It protects you from a variety of events, including fire, lightning, burglary, vandalism, storms, explosions, and more.
What should I look for in a Texas homeowners insurance provider?
Make certain that the company insuring your home is financially strong and be sure the company is easy to contact. Check for an A.M. Best rating of "Excellent" or higher. Many companies provide an around-the-clock service center that can be called 365 days a year.
What's the right amount of insurance for my home?
Your coverage should match the value of your home. Homeowners insurance can not cover the land your home is built on; only the structure itself meaning that the insurance amount could be less than the purchase price or loan amount.
What is "replacement" coverage?
The definition of replacement coverage is that in the event of a loss, the homeowners insurance company will pay a claim equal to what it costs to replace the property at today's prices.
Does my Texas homeowners insurance cover my personal property?
Homeowners insurance will also cover the property you own as well as building. Your clothing, appliances, furniture, and other belongings will usually be insured up to a maximum limit.
What about special items such as jewelry, works of art, etc.?
A homeowners insurance policy will frequently only offer limited coverage on some specialty items such as jewelry, currency, and precious works of art. Policy holders who need additional coverage on these items can usually obtain it for an additional cost.
What about flood insurance?
If your property is in a special flood hazard area, you must obtain flood insurance. While the federal government provides most flood protection, you are responsible for applying and obtaining this coverage and it's vitally important to know that flood insurance is not included in a standard homeowners policy. Even if your home is not located in a special flood hazard area, you still may wish to consider flood insurance.