What You Need To Know Before Buying Your First Homeowner’s Policy

Purchasing your first home is an exciting time in life. But there are a lot of different factors that need to be addressed during this time. One of the more important factors to consider is homeowner’s insurance. Here at EasTex Insurance, serving Tyler, TX, and the surrounding areas, we are committed to helping you make wise insurance choices. Keep reading to learn more about homeowner’s insurance. 

Do I Need Homeowner’s Insurance?

Pretty much everyone needs a homeowner’s insurance policy. If you have a mortgage on your home, the mortgage company will likely require that insurance is in place for the duration of the mortgage. Even if you do not have a mortgage in place, though, home insurance is the best way to protect the investment you have made into your home. 

How Much Will My Policy Cover?

Generally, a home insurance policy will cover the cost of replacing the home based on its value. However, in addition to that, the policy can also cover the value of the personal property that is housed on the property. This amount can vary from family to family. 

To determine exactly how much coverage you might need for your personal belongings, you will want to sit down with an insurance expert who can help you evaluate the value. 

Does Homeowner’s Insurance Cover Flooding?

Most homeowners’ policies will cover interior flooding. This is flooding that results from plumbing malfunctions or appliance malfunctions. Naturally occurring flooding is often not included. If you are concerned about naturally occurring flooding, you should talk to us about flood insurance. 

If you want to learn more about a home or flood insurance, please get in touch with us at EasTex Insurance serving Tyler, TX, and the surrounding areas.