As a homeowner in Tyler, TX, protecting your home and belongings from potential risks is essential. One way to do this is by carrying homeowner’s insurance. A home insurance policy can help cover the cost of repairs or replacement if there is damage to your home from a covered event, such as a fire or severe weather. Keep reading to learn more about homeowners’ insurance policies.
What Does Homeowner’s Insurance Cover?
A typical homeowner’s insurance policy covers damage from events like fires, severe weather, theft, and vandalism. It can also help cover temporary living expenses if your home is uninhabitable due to damage from a covered event. Most policies also include personal liability coverage if someone is injured on your property and you’re held liable.
An EasTex Insurance representative can help you choose the right coverage for your needs.
What Type of Coverage is Available?
Several types of homeowner’s insurance policies are available in Tyler, TX, each with its own coverage set. Some of the most common policies include:
HO-1:
This basic policy provides coverage for damage from select events, such as fires, storms, and vandalism. It does not offer coverage for other risks, such as floods or earthquakes.
HO-2:
This policy provides coverage for damages from a broader range of events than an HO-1 policy. Besides the coverage in an HO-1 policy, it also offers protection from wind damage, hail, and water damage (from leaks and pipe bursts).
HO-3:
This is the most common type of homeowner’s insurance policy. It offers broad coverage for damages from many events, except those expressly excluded from the policy. Examples of events not covered by HO-3 in Tyler, TX, policies include floods and earthquakes.
To learn more about your options, contact EasTex Insurance.
