Whether you are a first-timer or a seasoned homeowner in Katy, TX, you need home insurance to protect your prized asset. But because home insurance is broad, sometimes even seasoned homeowners don’t understand its nitty-gritty. As such, you need a knowledgeable insurance agent you can turn to when you need to know more about home insurance. For Katy TX residents, make All Around Insurance Agency your go-to insurance agent for all your home insurance needs.

Since we like empowering our clients with information, we write informative topics from time to time. Today, we are writing about frequently asked questions about home insurance. Hang on for insights about this crucial coverage.

What does home insurance cover?

If you have invested in home insurance, it covers your dwelling and contents inside. Plus, home insurance protects you against liability claims and also provides additional living expenses coverage when your home is rendered unlivable by a covered peril.

How much home insurance should I have?

As a rule of thumb, consider dwelling coverage adequate to rebuild your home from the ground up. Likewise, consider home insurance that can replace your assets in the worst-case scenario. For liability coverage, consider an amount of about $300,000, but if you need higher liability protection, consider umbrella insurance.

What are the typical home insurance exclusions?

While home insurance is great, it doesn’t cover all risks. Typical home insurance doesn’t cover the below:

• Floods
• Earthquakes
• Water damage from sewer backups
• Normal wear and tear
• Intentional damage
• Government actions

Also, high-value items like jewelry enjoy limited protection from home insurance. However, you can consider “add-ons” to boost coverage.

Where can I purchase home insurance in Katy, TX?

Finding the right insurance agent can be frustrating, but this shouldn’t be the case if you opt for All Around Insurance Agency. We always have the interests of our clients at heart and act as your financial advisor to help you choose the right balance for your insurance needs.

 

Home burglary can result in huge financial losses. Such calamities can also destroy items in your safe, such as fire or floods. This can cause you emotional distress, especially if you discover that your home insurance policy does not cover the items. It is crucial to disclose to our agents at All Around Insurance Agency on all the various items you would like covered by your home insurance policy. For residents in Katy, TX, it is critical to disclose the contents of your safe and the actual value of the items in the safe.

What is a home insurance policy?

This a policy that covers you against financial obligation in the event of an accident or a disaster involving your home. A standard home insurance policy will cover your home structure and personal belongings in case of a fire. A home insurance policy will also cover you against legal liability for damages you have caused on other people’s property or injuries caused to others. No need to worry about injuries to your pets as they are also covered.

What is not covered by a home insurance policy?

Your home insurance policy does not cover all types of losses or damages. Such items as jewelry, collectibles, and fine art may be excluded from your home insurance policy. Some insurance companies will cover these items up to a particular limit, and it is essential to disclose the actual worth of your valuables. Additional insurance coverage will be recommended where the value exceeds the insurance limit.

If you are running your business within your home premises, business property is not covered by the standard home insurance. You will be required to purchase additional business insurance to cover these items.

Please feel free to visit our website for further information or call our agents at All Around Insurance Agency in Katy, TX. They will guide you through all you need to know about a home insurance policy.