- What Texas Home Insurance Covers
- Texas Insurance Requirements
- When to Get Home Insurance in Texas
- Cost of Home Insurance in Texas
Texas Homeowners Insurance
Whether you live near the coast in Galveston or Houston or you’ve planted roots in Austin or Dallas, one thing is certain: owning a home in Texas is the dream for many folks.
But certain exposures make homeowners insurance in Texas unlike other states. The state is prone to hurricanes in the Gulf Coast, tornadoes inland, and hailstorms everywhere. These weather events help make Texas among the most costly states for insurers to cover.
So let’s take a look at Texas homeowners insurance, from the cost of coverage and what a standard policy covers to additional coverages and insurance regulations.
What Does Texas Home Insurance Cover?
Kin’s Texas homeowners insurance policies include the following types of coverage:
- Dwelling (Coverage A): Covers damage to the home from covered perils, such as fire, theft, and vandalism.
- Other structures (Coverage B) Covers damage to structures on your property that aren’t attached to your home, such as garages, fences, and sheds.
- Personal property (Coverage C): Covers replacement costs or actual cash value for personal belongings that are lost or damaged because of covered perils, such as fire, theft, or vandalism.
- Loss of use (Coverage D): Covers living expenses when your home is uninhabitable after a covered incident.
- Personal liability (Coverage E): Covers legal expenses if you’re sued over a visitor’s injuries or damaged property.
- Medical payments (Coverage F): Covers medical expenses when someone is hurt on your property.
- Wind / hail coverage: Covers wind and hail damage to the home and personal property. This has a separate deductible and deductible options vary by carrier.
Worth noting: While some insurance providers sell actual cash value coverage for homes, Kin recommends replacement cost insurance for homes and belongings. This offers the appropriate payout to repair your home and replace your things with new items of a similar quality.
What Texas Homeowners Insurance Doesn’t Cover
Standard homeowners insurance policies don’t cover:
- Flooding or earthquakes
- Mold, except to cover damage caused by a covered water-related event
- Pests, such as insects, mice, rats, or termites
- Wind or hail damage to shrubs and trees
If you live in an area susceptible to flooding, strongly consider carrying flood insurance.
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