In previous posts, we saw that Texas law requires you to carry insurance when you own a car or a motorcycle. But what about your home? Keep reading to learn more about homeowners insurance in Texas.
Are You Required to Have Homeowners Insurance in Texas?
While having insurance is a legal requirement in many cases (for example, you need insurance to drive in Texas), the same principle doesn’t apply to your home.
You are not required by Texas law to have homeowners insurance. However, if you are financing your home, your lender may require you to take out a homeowners insurance policy to protect the property.
Regardless of whether your bank makes it a requirement, having homeowners insurance is always a good idea. Your typical homeowners insurance policy offers protection against six common risks you face as a homeowner:
- Dwelling coverage. Helps pay to repair or replace your home if it’s damaged by an incident covered by your policy.
- Personal property. Covers things such as furniture and clothing.
- Other structures. Offers financial protection for structures such as gazebos and detached garages.
- Loss of use. Provides additional living expenses (ALE) if you have to live somewhere else temporarily due to an incident covered by your policy.
- Personal liability. Helps pay for medical bills and legal costs if a person is injured on your property and you are responsible.
- Medical payments. Covers the medical bills of people injured on your property.
Rounding Out Your Coverage
As you can see, homeowners insurance provides pretty extensive protection. However, your standard homeowners policy doesn’t cover all the risks you may encounter.
We encourage you to consider adding flood insurance and earthquake insurance to your homeowners coverage. Remember that these two natural hazards occur in Texas and having the right protection in place can be a game-changer for you, your finances, and your finally.
Finally, remember that you can always purchase extra protection to adjust your coverage to your lifestyle. Some of the extra coverages you may consider include:
- Water backup
- Landscaping
- Jewelry
- Artwork
- Silverware
If you need help making sense of homeowners insurance and the optional coverages available to you, contact the insurance experts at BZ Bee Insurance We’ll be happy to offer assistance and answer all your questions.
Looking for Homeowners Insurance in Houston, Texas? Contact BZ Bee!
From homeowners insurance to auto insurance and everything in between, BZ Bee Insurance Services is the way to go if what you want is high-quality coverage at affordable rates.
We are located in Houston, Texas, and serve clients all over the Lone Star state. To get a free quote, just contact us by email (ayalamariaeugenia@yahoo.com) or telephone (832-729-8114), or fill out the contact form on this website.
