Dwelling
Texas dwelling coverage is part of a standard Texas homwowners insurance coverage and pays for the all covered losses and damages to the insured property or house.
If items such as furniture, appliances, and other personal property are damaged, stolen, or otherwise destroyed in the insured house, personal property coverage of the Texas home insurance pays for them.
Personal
Property
Texas Homeowners Insurance Coverage Options
There are several types of homeowners insurance policies sold in Texas, offering varying degrees of coverage. Two main types of Texas home insurance policies are:
All-Risk Policies
Texas all-risk home insurance policies (aka comprehensive coverage or open perils coverage) offer Texans broad protection, and cover all causes of loss and damage unless specifically excluded by the policy.
Named Perils Policies
Texas Named perils policies (aka specified perils coverage) provide a narrower protection than all-risk coverage, and cover only those causes of loss specifically spelled out on the policy.
Replacement cost
This is simply the cost to repair or reconstruct the insured home at current construction rates, regardless of the market value of the property or land.
Actual cash value
A home's actual acash value is what is paid to rebuild or replace the insured property mins depreciation (a decrease in value of the property due to wear and tear or age). Therefore, this homeowners insurance option could possibly result in the insured policyholder's inability to pay for repairs or replacement of the insured property in case of destruction or damage.
The Office of Public Insurance Counsel (OPIC) website offers a great tool that helps you compare and research your Texas home insurance policy.
Please fill out and submit our mobile friendly home insurance form, and one of our agents will get in touch with you shortly to help you find the best possible coverage for your needs and budgets from bonafide homeowners insurance providers in Texas.
Finding the best homeowners insurance in Texas with so many home insurance companies and plans around, is not easy task. Best home insurance policies are not often found easily or quickly, as it takes a lot of consideration for homeowners to know what and who is covered and with how much coverage. But we are here to help, and the material below should clear things up to a great extent about Texas homeowners insurance policies.
Free Online Texas Homeowners Insurance Rate Quote In Just A Few Minutes!
1 in 36 Homes In US Are Burglarized Every Year At Average Loss of $1,675
Texas Homeowners Insurance: Replacement Cost vs. ACtual Cash Value
We're Here, & We'd Love to Help!
BEST TEXAS HOMEOWNERS INSURANCE RATES & COVERAGE
Other
Structures
This section of a Texas homeowners insurance covers costs to repair or rebuild structures not attached directly to the insured house (detached garages, storage sheds, fences, etc)
Should covered damages or losses at the insured home force the homeowner to move out temporarily, loss of use coverage pays for additional and temporary living expenses such as housing, food, and other essential expenses.
Loss
of Use
Personal
Liability
If the policyholder is sued for damages or injuries to third parties or their properties, this coverage helps defend the policyholder in court and provides coverage should they be found legally responsible for the claimed damages.
If people get hurt on your property, this coverage pays the medical bills of those involved. Medical payments coverage may also cover injuries caused away from the insured property such as when the policyholder's dog bites someone at the park. It might also pay for some injuries that happen away from your home, such as your dog biting someone at the park. Basic Texas homeowners insurance policies typically pay $500 in medical bills, but consumers can cover themselves for up to $5,000 in medical payments coverage.
Medical
Payments
