- Posted By Steve White
- 1 year ago
Homeowners Insurance in Texas
(What you should know BEFORE you buy your next policy)
Not Knowing These Differences Cost This Austin Family $60,000
(It shouldn’t have)
Make no mistake about it, whether it’s coverage, pricing, mandatory exclusions, deductible requirements, or dollar caps, homeowners insurance in Texas is different. WAY different.
Understanding those difference will save you at claims time.
This may sound daunting, but trust me, you need to know this BEFORE you buy a policy. The time to find out what you have is not when you have raw sewage spewing in your home.
I know that’s harsh, but it’s true. Knowing and acting now save pain and money later.
Before we take the leap, a quick disclaimer:
You should know we can’t address all the ways that Texas policies will vary.
Much of the list is always changing, which makes it impossible to capture it all.
So, today, we’re only focusing on the MAJOR differences.
Let’s jump right in…
The major differences revolve around water damage.
—>Texas homeowners insurance has 5 different types of water damage <—
Read that again, It’s THAT IMPORTANT!!!
In most States it’s 4, the 5th type (continuous and repeated) is almost exclusively unique to Texas.
I’m betting you didn’t know that there were 4 much less 5 types of water damage, right?
Think about that, before you read that, (if you’re like most) you likely had no idea that homeowners insurance in Texas had that many types.
In fact, if you’re like many people, you might have a question like “does my policy cover flood damage?”
And, you might be thinking that “flood” means type of water that damages your house.
I don’t blame you for thinking that (I did 20 years ago), but you couldn’t be more wrong.
“Flood,” has a VERY specific definition and it’s EXCLUDED.
There are other types like “sudden and accidental,” and “backup of sewers.”
(I don’t drill down on them here, but when you’re ready to learn more, be sure to check out my free E-book)
“3 Nasty Surprises,” below.
Tying it all together (5 Types Below)
Unless you’re a licensed insurance professional, knowing all the differences is a near impossible task, but knowing enough to know that there ARE difference and what a few of the major differences will forever help you make a better decision about your homeowners insurance in Texas.
The State of Texas even put together a website to outline them (bet you didn’t know that either…)
Check it out:
Or you can check out the 5 types of water damage here:
What can you do know that you know this?
I know this seems like a lot, but we can help you sort it all out.
Whether it’s us or another great independent Agent, your best bet is to get help….
There are some great Agents out there, but I’d love for you to consider us.
We know your home is important…And, our 3 Step Process is designed to reflect that.
Here’s our process:
The 3 Step Process
Discovery Phase –Review your current policy, and look for ways to improve your coverage and/or reduce costs.
- In this phase we also gather info that is specific to your individual circumstances (your recommendations will be tailored to you)
Quoting Phase – We carefully search through our network of high quality, vetted insurance companies, to find you the best option.
Delivery Phase – You are presented with the most competitive option(s), with your tailored recommendations.
From there, the next steps are up to you. We never “hard sell” anyone. When the time is right to move forward, we walk you through the steps of signing up, and canceling your current policy(s).
And the best part is, after you’re signed up you have an industry professional in your corner when things come up. Whether your needs change and you need a tweak to your policy, discuss a potential claim, or have a general insurance question, we are an ongoing resource for after you sign up.
I look forward to the opportunity to work with you.
Grab Your Current Declarations Pages
Start the Discovery Phase Below
Homeowners premiums and deductible option used in this were used as examples only and based on newer build homes, no claims, and good insurance score. Your individual circumstances will dictate final rates and deductible options.