If you live in Bexar County, Comal County or elsewhere around San Antonio, Texas, you know how important it is to have a good homeowners insurance policy. Severe weather, fire, bugs, floods–Texas has it all, and homeowners insurance can protect you from a lot of it. Insurance coverage has its limits, however,
First of all, homeowners insurance is often limited by the type of problem that causes damage. In Texas, homeowners insurance will rarely cover flooding, earthquakes, damage from hurricanes or damage from insects. Of course, you can purchase additional coverage for these threats as a separate policy or as an addition to your homeowners insurance coverage.
There are also limits to the dollar amount of coverage your homeowners insurance provides if your house is destroyed. It is vitally important that you review your declarations page and go over your coverage amounts with your agent. You’re going to want to be sure that your house is insured for at least 80 percent of its replacement cost, but 100 percent would be best. Many companies will actually require you to insure your home to 80 to 100 percent of value if you want to be eligible to make claims on smaller damages that will not require total home replacement. Policies will usually also include coverage for personal property up to 40 percent of the value of your home, but you can purchase additional coverage for expensive items like jewelry or furs if you need to.
If you need to purchase more coverage for your home or if you fear that you’re not getting the best price on your homeowners insurance policy, you should go to an independent agent who can compare multiple quotes for you. In the San Antonio area, including Bexar County and Comal County, we are the independent agent who can get you the best deal on the coverage you need!