REASONS WHY HOME INSURANCE IS A MUST?
If you own a residential property, Homeowners Insurance is a necessity. Typically, Home insurance is of three basic types HO-1, HO-2 & HO-3. HO-3 is also known as ‘special form’, and is the most common. It offers coverage for the structure of your home & covers 16 “named perils”.
An HO-1, or "basic form," is a policy that typically helps cover 10 perils (compared with the 16 perils covered by an HO-3). Due to the limited coverage offered under HO-1, many insurers no longer offer this type of policy.
An HO-2, or "broad form," also provides limited coverage. It's called a "broad form" because it helps cover a broader range of perils than the HO-1 "basic form."
We provide Homeowners Insurance services in Dallas, Plano, Irving, Collin, Denton, Ellis, Hunt, Kaufman, Rockwall counties, and beyond. Our coverage ensures the security of your home, and we emphasize the importance of including home care insurance in your policy for comprehensive protection.
WHAT DOES HOMEOWNERS INSURANCE POLICY GENERALLY COVER?
A homeowners insurance plan provides protection against financial loss during disasters, theft and accidents that can damage your home. Mostly the policies include four types of coverage : for structure of your home, for your personal belongings, Liability coverage & additional living expenses during disasters. The deductible on homeowners insurance is the out-of-pocket cost that you pay if your home is damaged. You must ensure that your possessions are covered if the worst happens.You as a homeowner have some rights & you should be aware of them. Keep in mind that Additional Liability Expenses coverage on your homeowners insurance has limits – and certain policies have time limitations.
You should review your policy every year before renewal, to make sure it still covers the most important things.
FIND THE RIGHT HOME INSURANCE
Stories and information to help you plan, prepare and protect what matters most.
