If your homeowners (or windstorm) policy’s dwelling amount rises every year, it’s usually because insurers are trying to keep your coverage in line with what it would actually cost to rebuild your home today. Sale price and tax value aren’t the driver here. This post breaks down replacement cost vs. actual cash value, and why the 80% coinsurance requirement matters.
While a typical homeowners policy will protect your roof from various named perils like hailstorms, water damage, and fallen branches, most insurance providers won’t cover homes with roofs that are more than 20 years old. Here’s what you need to know about replacing the roof over your head:
Your choice of roofing materials can significantly impact the lifespan of your roof. In Texas, where the climate can be unforgiving, selecting the right materials is crucial for longevity and durability.
Water damage is a significant concern for Texas homeowners, ranking as the second most common reason for property insurance claims, just after hail damage. With claims averaging $12,514, understanding water damage coverage nuances is vital when selecting a homeowners insurance policy. In this comprehensive guide...
10 things to know before you shop for insurance quotes and when renewing your insurance policies
6 Things to Know Before You QUOTE or RENEW a Commercial Insurance Policy
Business income coverage (often called business interruption coverage) helps protect your company’s cash flow after a covered property loss forces you to slow down or shut down. If a fire, storm, or other covered claim damages your building or equipment, this coverage can help replace lost income and pay certain ongoing expenses while you repair and reopen. It’s designed to keep bills like payroll, rent, and loan payments from piling up when your revenue temporarily drops.
There are three common ways to buy insurance: going direct through an online carrier or call center, working with a captive agent who represents one company, or partnering with an independent broker who can shop multiple carriers. In this guide, we break down the pros and cons of each so you can choose the option that fits your needs, budget, and comfort level.
If you live in coastal Texas, your homeowners policy may not include wind and hail coverage, which is why many property owners turn to a separate windstorm policy. This article explains when TWIA may be the right fit, why windstorm inspections matter for certain builds or renovations, and how wind and flood coverage work together (and don’t overlap).
This guide examines the most important things you need to know before, during and after obtaining windstorm insurance in Texas.
