Components of Home Insurance in Deer Park, TX Policies

November, 2013 by

When you begin searching for Home Insurance in Deer Park, TX, it is important to understand the types of coverage that are included. While each homeowner’s policy will differ, there are four main areas covered, which include coverage for the home’s structure, your personal belongings, liability protection and living expenses. The following will provide you with an overview of the essential parts of a home owner’s insurance policy.

Home Structure

This is the portion of your policy that will pay to rebuild or repair your home in the instance of a fire, lightning, hail, hurricane or any other type of disaster that is listed in your policy. This portion will not cover damage that is caused by a flood, routine wear and tear or an earthquake. You need to ensure that the amount of the structure coverage will be enough to rebuild your home in the instance of damage.

Personal Items

This part of the Home Insurance in Deer Park, TX policy will cover any personal items that are stolen or ones that are destroyed by hurricane, fire or other insured disaster. Most companies will provide coverage that equates to 50 to 70 percent of the insurance amount that you have for the structure of your home.

Liability Protection

This part of the insurance policy will cover in cases of bodily injury lawsuits or property damage that you or any of your family members cause to anyone else. It can also pay for damage that is caused by your pets.

Any Additional Living Expenses

This portion of the policy will cover any additional costs of living that may incur if you are unable to live in your home due to damage that was caused by a storm, fire or other type of covered disaster. This part of the policy will cover any restaurant meals, hotel bills or other expenses that are over your regular living expenses that you incur while waiting for your home to be rebuilt.

Understanding the various parts of the home insurance policy will help you make an informed decision when you begin searching for a policy. If you have any other questions, you can contact Larry Gates, who will answer any home insurance related questions that you may have.

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