House Insurance is a Necessity in Texas If you live in the state of Texas, then you know how important house insurance protection is for you and your family. Texans are faced with extreme weather risks, such as hurricanes, hail, wildfires, tornadoes, rainstorms, and earthquakes. Beach and Windstorm Plans In fact, in Texas, as well as six other high-risk states (Florida, Alabama, Louisiana, North Carolina, South Carolina, and Mississippi), beach and windstorm plans have been [...]
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House Insurance – Only Required if you are Financing your Property Although it’s not legally required if you own your home and have paid off your mortgage, house insurance is still important protection, particularly if you live in an area that is at risk for earthquakes, tornadoes, flooding, and hurricanes. Fortunately, however, most people do need to take out the coverage as it’s required legally if you are paying on a mortgage. Standard Types of [...]
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The American Pit Bull: A Breed that Can Increase your Liability Costs on your House Insurance Coverage Are you thinking about adopting a pit bull puppy? Do you currently own a pit bull? If you are thinking about adding a pit bull to your family, you may not be aware that the dog breed can cause the cost of your liability coverage for you house insurance to rise. The pit bull, also referenced as the [...]
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Just because your Property has a Lower Market Value does not Mean you should Reduce House Insurance Coverage Many homeowners mistakenly believe that if the market value of their property is lower, they do not need as much house insurance coverage. However, the coverage you choose for your house insurance plan is not founded on the present market value of your real estate. Coverage for house insurance must be based on the home’s replacement cost, [...]
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Your House Insurance Premum is Based on a Percentage Deductible versus a Dollar Amount Deductible in Florida If you live in windy locations, or an area susceptible to hurricanes, such as Florida, then your house insurance policy’s premium will be based on the percentage deductible you choose versus a dollar amount deductible. In fact, homeowners in Florida, whose homes are valued at more than $100,000, can’t obtain insurance coverage without opting for a percentage deductible [...]
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Install New Wiring and Save Money on your Premium If you live in an older home, then you can reduce the amount you are currently paying on house insurance by making some significant upgrades. One way to convince your agent to give you a discount is by having new wiring installed in your home. Rewiring you home can give you an immediate ten percent discount off the cost of your premium. Not only does installing [...]
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Why Underwriters like Mature Homeowners If you are a more mature homeowner (say, 55 or older), then you may be able to enjoy a discount on the premium you pay on your house insurance. Insurance underwriters particularly favor those homeowners who have left the workforce and are retired. That’s because the extra available time causes them to look more closely at possible risks and dangers in their home. Work can consume a lot of your [...]
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Make it your Goal to Obtain Optimum Coverage at an Economical Cost If you are currently seeking coverage for house insurance, you need to consider a number of criteria so you can obtain optimum coverage at an economical cost. Considering the following factors, too, will help you better comparison shop so you don’t end up being underinsured or overinsured when it comes to protection. Obtain an Appraisal before Shopping for a Plan For example, you [...]
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Including a Flood Insurance Endorsement to your House Insurance Policy If you live in a flood zone or finance an FHA or VA property in a high-risk flood area, then you will need to buy a flood insurance endorsement in addition to your house insurance coverage. House insurance policies typically do not cover damages by floods unless the flood was the result of an accident in the home brought on by the owner. What a [...]
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Condo Insurance – A Type of House Insurance that Resembles Renters Insurance While condo insurance is similar to house insurance, it still is more closely related to a renters insurance policy. Basically, a condo insurance policy covers those areas that are not covered under a condominium association’s policy. The master insurance policy of the condominium association then will generally provide protection for the walls, windows, floors, and roof while the owner’s condo insurance will usually [...]
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