Homeowners Insurance

Introduction to Homeowners Insurance

Not having good homeowner insurance protection, just one event can destroy the dream of homeownership and transform it into a nightmare. A home is likely the biggest investment a person will ever make, so it makes sense to safeguard it with good home insurance. Homeowners insurance is designed to safeguard the home and the people and possessions within it from any covered issue that results in financial loss. This normally includes fire, theft, accidents, and even vandalism. A noteworthy aspect of this kind of insurance is the built-in protection for the consequences of injury on your property and the possible legal action against you. If you own a home, you will need home insurance and lenders will mandate you take out a policy before approving a mortgage loan. Your coverage will normally extend to some natural disasters with exclusions including earthquakes, floods, and hurricanes. (You will need to purchase separate policies for these other kinds of coverage. Depending on where you reside, extra policy coverage may or may not be available for these other risks.

There are eight commonly used classifications of home insurance policies:

•HO-1 Basic Insurance

•HO-2 Broad Form

•HO-3 Special Form

•HO-4 Tenant’s Form

•HO-5 Comprehensive Form

•HO6- Condo Form

•HO7- Mobile Home Form

•HO8- Older Home Form

Perhaps the biggest benefit of good homeowners’ insurance is the peace of mind knowing that you and your loved ones are protected from many types of unexpected and loss-inducing events. You are protected in the event you need to rebuild your home or replace any related property loss. Keep in mind that the replacement costs of a home are usually far more than the original expense and most homeowners don’t have the financial resources to deal with such loss without the help of good insurance coverage.

Get in touch!

No matter the circumstance or need, we meet you where you are. Don’t be shy – we live to protect you!

(281) 528-5737

26113 Oak Ridge Dr. Ste B
The Woodlands, TX 77380