Now that you have the perfect home for your family, it's time you take up an insurance policy to ensure your property and belongings are safeguarded. Events such as fire, theft, vandalism, accidental water damage, etc. can damage or destroy your home. With that said, home insurance helps to replace or repair your home or your personal belongings in the event of such perils. Most insurance companies have standard policy coverage, but Dixie Dunavant Insurance offers customized coverage options that meet Texas state requirements.
Unlike auto insurance, home insurance is not a mandatory requirement unless stated by a mortgage lender. Even so, it’s important to protect your property from unforeseen circumstances. There’s a Consumer’s Bill of Rights for all home insurance owners, and the state requires the insurance company to send it to you every time you renew or get a new policy.
- Liability coverage: Covers bodily injury to someone else or damages to someone’s property in your home if you are responsible for an accident. It pays for medical expenses and repairs or replacement of damaged property.
- Dwelling coverage: Repairs or replaces your home if it is damaged or destroyed by a covered loss.
- Property coverage: Protects personal belongings in your home. It repairs or replaces your belongings in case they are stolen, destroyed, or damaged. Make sure you have enough coverage to take care of all your valuable belongings.
- Loss of use coverage: Covers any additional expenses you might incur when your home is unfit for habitation after a covered loss.
Losses such as wear and tear, flooding, and earthquakes are not always covered by the standard home insurance policy. Therefore, they require separate policies.
At Dixie Dunavant Insurance, we offer affordable insurance policies to those in the state of Texas. Understanding what risks your home may be exposed to is essential in determining what coverage you need. Talk to our agents to help you decide which coverage is necessary for your home or use our online rating tool to find a quote. If you wish to get an insurance policy or have any questions about insurance, contact us today.