What is homeowners insurance?
Homeownership is a big responsibility, and it is important to ensure that a home is protected well. Getting homeowners insurance is a crucial part of taking care of your Texas home.
Homeowners insurance provides custom-tailored coverage for a house. Most policies also cover the residents and their belongings as well.
Who needs home insurance in Texas?
Although home insurance isn’t required by law, most homeowners in Texas should have coverage for their house. Few could afford to replace their house should something happen to it.
For homeowners who have a mortgage on their property, certain coverages may indeed be required. Lenders commonly require dwelling coverage so that their financial interest in a house is protected even if the house becomes a total loss.
Regardless of any lender requirements, it’s generally recommended to purchase robust home insurance that covers your house, your belongings and yourself. An insurance agent who specializes in these policies can help determine just what coverages, deductibles and limits should be chosen.