Pound Insurance serves the homeowners of Garland, TX with quality insurance services. We know the ins and outs of homeowners insurance, and we want to help you have the exact amount of coverage you need for home protection in your area.
Home Insurance Is Vital, But How Do You Know You Have Enough Coverage?
Insurance for your home protects your core physical asset and should be carefully considered. The state of Texas does not legally require homeowner’s insurance. If you have a mortgage, your homeowner’s insurance is likely a stipulation of that mortgage. Whether or not you are carrying a policy because your lender requires it or because you want a basic amount of protection, it is important to understand exactly what your current policy covers.
First off, there are several types of coverage to consider. Ask about whether you are covered for the cost to replace your home or your home’s actual monetary value. The difference can be drastic. Replacement coverage will cover the home’s cost as you paid for it, and the actual value will cover the depreciated value. There are pros and cons to each.
Secondly, do not assume everything that could happen to your home will be covered in your insurance policy. For example, flood damage is a different type of coverage all together that most people add on to their homeowner’s insurance. Be sure to ask questions about your policy to know in advance where your protection ends and if you want to add coverage for a specific occurrence that may be more likely in your area.
If you live in or around Garland, TX, contact us at Pound Insurance to discuss your homeowner’s insurance needs. We will be happy to answer any questions you have about homeowner’s insurance to ensure your home is fully protected in the coming years.