bigstock-Newly-completed-Resident-home-42691774Your Homeowners Insurance Guide A Personal Insurance Update As you consider buying your first or second home, it pays to have a good understanding of just what you are getting into when it comes to home ownership. Here are a few tips for you to think about before you make that move. If you live in a Texas 1st Tier County you may qualify for Texas Windstorm coverage with the correct WPI8 building certificate. To obtain or continue windstorm and hail coverage through the Texas Windstorm Insurance Association (TWIA), property must meet certain requirements established by the Texas Legislature. These requirements are outlined in Texas Insurance Code Chapter 2210.
  • If you rent now, it would be good to have renter’s insurance. Even if it for a short period, renter’s insurance can cover certain losses during the move.
  • When looking for a home consider things like the distance of the house to the nearest fire station and are there fire hydrants in your neighborhood?
  • Think about the age of the house as some older home can be very costly to replace.
  • If you are building a house, does it make sense to install sprinklers?
  • Is the location in a flood zone or prone to flooding?
  • Is the area in an earthquake zone?
  • Check with the local police to see the crime rate of the neighborhood.
  • Always have your home inspected before you commit to buy.
Don’t wait until the last minute to think about homeowner’s insurance and don’t be shy about asking for estimates on more than one house. Ask if the house will qualify, and get an estimate of the premium. Call our office, and we can help you understand how these and other items will affect your homeowner’s insurance costs. Choosing the right coverage for your home may depend on a number of factors. You generally need enough insurance to cover the cost of rebuilding your home and replacing your personal possessions. The homeowner’s policy also provides liability insurance to defend you in the event of a lawsuit. At J.S. Edwards & Sherlock, we can help you find a plan that suits your specific needs. Don’t wait for another second to ensure your home is properly insured. Call us today at 409-832-7736 for more info on your options for personal insurance coverage.