Homeowner’s Insurance (pg 2) 10/29/19 – gtg

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Are you trying to find cheap home insurance in Texas? Join the thousands of Texans who are enjoying affordable rates and great coverage. Make the insurance companies fight for your business and see what discounts you qualify for. Use a simple 2-minutes form on the internet to compare quotes from top rated insurers and find the right policy for you.

Your home is probably the biggest investment you will ever make. It makes sense to take good care of it, doesn’t it? If you are a home owner or just looking to purchase a property in Texas, insurance is one of the first things you should consider.
What does Texas home insurance cover?
Needless to say, the state has had its fare share of disasters in recent years. That’s one of the reason some insurance companies do not want to do business in Texas any longer. Their loss is others’ gain and a number of companies have stepped in, trying to offer better and reasonably priced cover.
When it comes to home insurance in Texas, there are a couple of things you should know. What your policy covers and how rates are calculated.
It is important to know exactly what you are protected against in order to be able to file a claim. A standard policy will generally cover damage or destruction of your home in certain conditions, the content of your home and personal property, liability in case someone is injured in your home and tries to sue you.
As you can notice hurricanes, earthquakes and floods are not included by default. You will have to pay additionally for cover against such natural disasters.
Cheap Home Insurance in Texas – How Are Rates Calculated
The rates you will have to pay will depend on a number of factors raging from the state of the property and its value, to your personal credit record and claim history. Where you reside is of paramount importance too, because some areas in Texas demand higher home insurance premiums.
The most vital thing to understand is that each and every home insurance company in Texas uses a different formula when calculation premiums. That’s the reason why insurance expert recommend obtaining quotes from 3 to 5 insurers in order to get a good idea of where you stand and what’s available to you. Keep in mind that when comparing quotes you need to keep the insurance limits, deductibles and other amounts the same.
Having to ring multiple insurers and repeat the same information over and over again, used to be a tedious and time consuming task. Well, not any more. Luckily for you, the internet has made this process almost effortless. In less than 2 minutes you can compare quotes from top rated national and local insurance companies. Its fast, easy and secure. You could even save up to 40%!

=====================gtg

A homeowner with a family and place of residence to protect may opt to get a home insurance policy. But with the many insurance companies and plans available, it can often be a confusing thing to do. Having a family and home to protect can often lead some into diving into home insurance policies which are expensive but oftentimes not comprehensive enough to cover damage and all family members, making the investment effectively useless in a real world situation.
However, once you know what to look for, picking a complete and comprehensive home insurance policy will not become that tedious of a chore. Knowing what you want out of a prospective policy, such as flood and earthquake coverage, as well as other home accidents such as fires will set you on the fast track to getting the coverage and compensation you need to protect your family and other investments in your home or place of residence.

From HO-1 to HO-8
Many home insurance policy providers follow a standardized ranking system to providing insurance to prospective homeowners. This is the HO-1 to HO-8 system, which ranks homeowners into certain insurance policies depending on factors such as disaster prone zones, the age of the home, crime rates in a given area, among other things.
HO-1 is also known as Basic Home Owners Insurance, and covers your home and personal property contained within against damages or losses including theft, vandalism, fires, earthquakes and other natural disasters.
HO-2 more commonly known as Basic Homeowners Insurance Plus. This is similar to HO-1 but includes other kinds of damages such as falling objects, electrical surges, and flood or snow damages done to utilities or appliances.
HO-3, or Extended or Special Homeowners Insurance, provides even more extensive coverage than HO-2 for your home spanning from the structure to the content inside your house. This can also be referred to as an All Risk Policy.
Renter Insurance is categorized as HO-4, and covers the personal property from the elements included in HO-2 plans. This caters to people renting a living space, hence the given term Renter’s Policy.
HO-5 is also known as an All Risk policy, and covers the structure itself as well as the personal property contained within, much like HO-3. HO-5 policies, however, cover a larger area from damages or losses as well as accidents caused passers-by or outsiders.
HO-6 can be referred to as Condominium Owners Insurance Coverage. This policy is for condominium owners and their personal property and often provides protection for mishaps and disasters that happen within a condominium such as fires, theft and other forms of loss and some natural disasters.
HO-7 can be considered a hybrid home insurance policy which covers both the building and the contents on the basis of risk by direct physical loss.
HO-8 can be referred to as Basic Older Home Coverage and can be applied to homes which have historical value or significance. This home insurance policy can also include repair and restoration to an older house in addition to theft, vandalism and loss coverage.

Picking a Good Home Insurance Company
The sheer variety of insurers available to a homeowner can often make the task of picking a good home insurance policy very daunting at first, but it should not put you off from weighing in the available options in order to get a good deal. Free databases available both online or at your local realtor may be good to check first, in order to get a good feel of what companies have to offer to potential customers.

When you have a short list of insurers you think are reputable enough to serve you, request quotes from them to help gauge and compare costs between insurers. Getting quotes from carriers should have little to no cost involved, and should include everything including additional and hidden fees, unless you are planning on paying for more later on down the road.

Picking a company that deals directly with customers can often be a good sign for an insurer. Dealing face to face without the middleman can often lead to big savings, unlike insurers that advertise through junk mail and spam messages through your email. However, that is not to say that these by mail insurers do not offer good deals as well, so be sure to read through the fine print should you consider to weigh this in as an option too.

Your nearest state office should offer shopping guides to insurers and home insurance policies for homeowners. Knowing that a governing body offers a list of reputable insurers and home insurance policies can help bring peace of mind to a homeowner, and may include smaller, lesser known companies with comparatively lower rates than bigger insurance companies.

When picking any company to provide you with a home insurance policy, pick out a company with good financial ratings, as many companies take a dip in financials during major natural disasters. Inquire from a company about this information, or check out their financials on online or local realtor listings to gauge an insurer’s ability to cover you and your home.

If you are in an area that constantly gets hit by natural disasters such as floods and earthquakes, you may only be stuck with only one state sponsored home insurance policy as part of a high risk pool of homeowners. If this is the case, try waiting a little more if you think it is worth the risk, as there are many insurance companies both big and small who are also willing to break into the high risk market.

================gtg

Are you looking for better home insurance rates? Would you like to pay less for your insurance and have even better cover? If you have answered “Yes” then you have come to the right place. Shopping around for the best quote used to be time consuming and rather frustrating task. Well, not any more! Now, you can compare home insurance rates from a number of top rated insurance companies online. Just search the internet you will be able to choose the right policy for you. Fast, easy and secure!

You may be wondering exactly how are home insurance premiums calculated. The truth is that each insurance company has its own formula which is used to determine rates. Still, there are a number of universal factors taken into account by all insurers. The better you understand this process, the easier it is to save money and get a better policy.

Obviously, where you live is of paramount importance. In certain states the likelihood of natural disasters is far greater than in others. The same is true as far as crime is concerned too. Even in the same city, some neighborhoods will demand higher premiums. Make sure that you understand your policy well and double check what events are covered and what are not. It may be possible that you will require an additional coverage for particular disastrous like earthquakes and floods.

The current state of your property is also taken into account. Newer buildings are build better and need less maintenance, hence are cheaper to insure. Make sure that you have taken care of any structural problems and have given your insurance company a fair idea of the state of your home.

Have you got any safety features? Your home insurance rates will be lower if your home has smoke and C02 detectors. Burglar alarm and simple devices like door bolts could decrease your premiums even further.
Of course, the amount you want to insure your home for has to be chosen carefully. The higher the sum, the higher your rates will be. Be careful and calculate it very carefully. Take into account how much would be needed to rebuild your home and replace everything in it, not how much is its current market value.
Believe it or not, some additional facts will be taken into account too, for example your credit rating. You may be asking yourself, what has my credit score has to do with my home insurance. Well, in recent years insurance companies are taking it into consideration, because statistically people with poor credit history are more likely to make a claim.

Keep in mind that home insurance rates are very personal thing. Two identical properties on the same street will not cost the same to insure and no two insurance companies will give you the same quote. Insurance experts recommend getting at least 3 quotes from different insurers before choosing the right one for you. You may be absolutely amazed by the difference in price.

======================gtg

Are you trying to find affordable homeowners insurance in Texas? Join the thousands of Texans who have found cheaper rates and better coverage. Make the insurers fight for your business and see what discounts they can offer you. Use a simple 2-minute form online to compare quotes online.

With a rising population, Texan housing ownership is increasing throughout the state. Because of this, home insurance in Texas is an important necessity for the new homeowners who are moving to Texas.
Home insurance provides you the protection needed for any property damage to your homes. All lenders in the United States, including ones in Texas, will not provide mortgages to you unless you purchase some level of housing insurance. The housing insurance can cover a number of natural disasters or damages to property. Fires, floods, vandalism, accidents, and robberies are some basic coverage factors for most home insurance policies. Not having home insurance will stop the mortgage process on the home, but having minimal insurance packages will also not protect your home from every possible property damage scenario.
In Texas, there are five common attributes to all home insurance policies. Dwelling costs are common, meaning the home you live in will be paid for if there are any damages from natural disasters or property damage. Personal property loss is also mandated, meaning any object in your home, like furniture or appliances, are covered by the home insurance. Liability costs, which includes if you are being sued up to $25,000 in property damage to another property. For example, if you accidentally hit your neighbor’s fence is one case of a liability cost. Another factor is medical costs, which can cover anywhere from $500 to $5,000 if your property bodily injures someone. Loss of use is also common in Texas, paying for all of your expenses if you cannot use your home because it is severely damaged.

Texas also has specific types of coverage in the state. You can purchase what is known as all-risk policies, which covers across the board issues for your home. The second type is a specified perils coverage. This type of coverage only covers specific types of damages you may pay for in your home insurance coverage. Texan insurance policies also consider the replacement cost versus actual cost of the property.

Replacement cost is how much it would cost, at the time of damage, to repair your property. Actual cost is the amount of money your property costs with its depreciated or appreciated housing value. These characteristics are important if you are considering rebuilding or moving from your damaged property. It might be better buying a new property than rebuilding your old home under your specific insurance policy.
Texas home insurance is a crucial step in your ownership of Texan property. Knowing what Texas has for state policies for housing insurance will help you find a unique, money-saving plan for your property. 
Search the internet to compare FREE Texas homeowners insurance quotes online now and see how much you could save!

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Saving money on home insurance in Texas has never been easier. Yet, most people still pay too much. Why? Because they don’t compare quotes. You can save time, effort and money by using a simple online form. Make the insurers compete for your business and see what discount you can get. 

Home insurance becomes more important if you have a lot of high priced items in your house or if you are not in a position to replace whatever it is that you have. It is not just the contents your home that you need to insure but also the structure as the cost to replace and repair can be astronomical. By and large when buying the two policies from the same company there will often be the chance of a discount.

What Are the Dangers Specific in Texas?
One of the main concerns when you live in Texas will be the risk of losing your home to fire or losing a lot of your possessions to fire damage. There are such vast areas of grassland that this is always a possibility and so it will be advisable to take out extra insurance to allow for this risk.

Types of Coverage
There are various types of home coverage and a good company will explain all the options and allow you to decide what is best for you. In Texas there are the following options:
H0-2 – this protects you against damage caused by smoke, floods, fire, theft, riots and vandalism. 
H0-3 – this covers all of the above, but also covers you in case there are injuries so you will have some medical cover. 
Flood coverage – although you will be covered by some flood insurance in parts of the state it is a regular risk so it will be best to take out extra cover. Due to the severe weather conditions it will also be a good idea to consider cover against tornados and severe winds.
How Are Home Insurance Rates Calculated?
Construction value is taken into account when home insurance rates are calculated
There are plenty of different things that can determine how much you will need to pay when it comes to home insurance and by not being accurate and honest when filling in the forms you may find you lose out at a later date. One thing that will not matter is your credit rating so there is no need to worry about that it is the house and contents that matters.
It may be a concern that they will charge too much but the companies realize that they have to be competitive so will always try to match or beat the competition. You will have to expect to pay more if you have made a number of previous claims or live in an area that will be likely to suffer damage or crime more than others.
There is a technical system used and it has the acronym C.O.P.E. and this means construction, occupancy, protection and, exposure.
Construction
This covers how the house is built as a wooden home will cost more to insure than one made of bricks. This is because a brick house is less likely to burn. The heating system is also considered so an open fire will push the premium up.
Occupancy
This will often refer to a second home or a property that is not used daily due to the owner working away. An empty house is a prime target for burglaries or internal damage that will not be noticed for a while. This can be countered by a lower medical premium as less time there means less time to get hurt. Landlords may pay less as they will not always be responsible for the contents 
Protection
There will be a lower payment needed if you take precautions such as installing smoke detectors, fire alarms, fire extinguishers and sprinkler systems. It will also depend on whereabouts you live as a home near to a fire station will receive a fire engines visit much more quickly than a home out in the wilds.
Exposure
This will be judged by how likely you are to be affected by the ocean or run the risk of hurricane damage. Often this means the more inland you are the better price you will be quoted.

Ways to Save on Home Insurance in Texas
The best way to do this is to shop around when your policy is due for renewal. Many companies offer a discount to new companies and while this may make them an attractive company it will normally be to make you buy from them.
By the time you have been with a company for three years it is very likely that you will be able to get a better deal elsewhere. Using an Independent Insurance Agent will make sure that you get the best deal.

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Could anyone offer you a homeowners insurance cheaper than Travelers? There is only one way to find out! Use a simple online form and receive FREE quotes from top rated national and local insurers. It will only take you 2 minutes to enter your information, but your savings could be huge.

Travelers has agents in every state. Travelers home insurance originates with a large insurance company that operates in every state of the union as well as the District of Columbia. In terms of market share and market value, Travelers is the largest insurance company in the country. Travelers offers many types of insurance, and homeowners insurance is one of its largest business segments.

Travelers Company Background
The original company that ultimately would become the Travelers we know today was founded in St. Paul, Minnesota in 1853. The “household name” came from the Travelers insurance company that was founded in Hartford, Connecticut in 1854. The early St. Paul and Hartford companies merged some years later, retaining the Travelers name.
As is the case with any other large company, Travelers has been through an array of mergers and acquisitions as a path to growth and expansion outside of its original states of Minnesota and Connecticut. When merger and acquisition activity in the financial services sector was so high in the 1990s, Citicorp acquired Travelers but retained its famous red umbrella logo. Big banking and big insurance proved not to be such a good match after all, and Citicorp spun off the Travelers business in 2002. Citicorp sold the Travelers business to MetLife in 2005. The St. Paul and Travelers companies merged in 2004, and finally changed its name to The Travelers Companies in 2007. It reacquired rights to the famous red umbrella that same year.
Today, Travelers is Number 106 on the Fortune 500, and is included in the Dow Jones Industrial Average (NYSE: TRV). The company had $3.2 billion net income in 2010 on revenues of $25.1 billion, and holds $105.18 billion in total assets. It is based in Hartford, Connecticut, has 32,000 direct employees, and works with more than 14,000 independent representatives.
The meltdown of the financial sector of the economy in 2008 decimated several of the country’s largest financial services institutions, but Travelers is financially conservative and well managed. Not only did Travelers emerge only stronger from the crisis in the financial sector of the economy, it replaced its former parent Citicorp on the Dow Industrials in 2009.

Travelers Company Ratings
JD Power rates Travelers at 3 out of 5 possible levels in all measures, which include policy, pricing, billing, and customer ability to contact the company. JD Power gives Travelers a total overall rating of 3 out of 5.
AM Best, which assesses financial strength, gives Travelers an A+ rating in financial strength and an “aa” rating in issuer credit. An AM Best A+ rating is considered to be “superior.” What this means for the customer is what we already saw during the financial sector turmoil beginning in 2008: you can expect the company to be in business and able to pay if you have a claim in the future.
Customer Satisfaction
Travelers customer reviews indicate that Travelers customers give the company about a 92 percent overall satisfaction rating. Though Travelers management would like for this number to be higher, it still is higher than most other homeowners insurance company ratings. Travelers has a high customer retention rate of about 91 percent, meaning that more than nine out of ten customers choose to stay with the company year after year. Travelers customer reviews also reveal that nine out of ten Travelers customers would recommend the company to their friends and family.
A great place to see what customers really think is Travelers’ facebook page and Twitter account.

Home Insurance Quotes Comparisons
You can benefit by taking the time to get several home insurance quotes. Using a 1900 square foot wood frame house as the basis for comparison, Travelers was the midrange of the home insurance quotes returned. Results were:
Safeco home insurance – $1,500 annual premium 
Allstate home insurance – $1,863 annual premium 
Travelers home insurance – $1,658 annual premium
Travelers will provide home insurance quotes quickly. Shop around for the best rates, but also be sure to balance rates with customer satisfaction and financial strength ratings.

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Looking for affordable home insurance? Do you know that most people pay too much? Avoid paying more than you have to by comparing quotes from different insurance companies. A quick online form can help you get quotes and give you the freedom to choose the right policy for you. Save time, effort and money too!

Why You Need Home Insurance
Home owners need insurance to protect their homes and personal property and to protect against liability for injuring third persons on damaging their property.
Home owners insurance is needed to be protected from claims brought against you by others.
Home owners need insurance to cover such disasters as theft, vandalism, falling objects, smoke, wind, fire, hail, vehicle, frozen pipes, water heaters, sudden cracking, aircraft.
Home owners policies provide coverage for the contents in your home such as TV’s, clothes and furniture, and jewelry.

Type of Coverage
The most common types of home owners insurance are HO-2 and HO-3 policies.
HO-2 is a broad policy that offers protection from 11 basic perils plus six more. Some of which includes fire and smoke, wind storm and hail, riot and civil misconduct, falling objects, weight of snow or ice and accident water leakage from home appliances.
HO-3 is an extended policy for special home owner items. It provides protection from 17 perils not cited in your policy with the exception of earthquake, war and nuclear accidents.
There are other forms of insurance available if types HO-2 and HO-3 does not suit your needs.

Flood Insurance Coverage
Home owners are eligible for a National Flood insurance policy. Coverage is available for buildings and personal property. The cost of coverage depends on your flood zone risk area.

Content Coverage
Content coverage for home owners includes the following:
Clothing and furniture, portable or window-type air conditioning units, portable microwaves and portable dishwashers, carpets over finished flooring located above ground, carpets, not permanently installed over finished flooring, “cook-out” grills, food freezers, clothes washers, dryers and food freezers are only covered by contents coverage, whether they are located above ground, or below ground in a basement.
Coverage is offered up to $100,000 for contents with a standard flood policy and up to $100,000 for contents
with a preferred risk policy.

Home Insurance Rates
The average home insurance rate in Texas is $1945.00. These rates reflect average premiums on new sold policies. Texas is the seventh most expensive state in the country for home insurance.
You can save by taking advantage of a home-auto discount premium which could save you about 20% on a policy. If you have a burglar alarm or deadbolt lock, other discounts may be offered.

=====================gtg

Are you trying to find cheap home insurance in Texas? Join the thousands of Texans who are enjoying affordable rates and great coverage. Make the insurance companies fight for your business and see what discounts you qualify for. Use a simple 2-minutes form on the internet to compare quotes from top rated insurers and find the right policy for you.

Your home is probably the biggest investment you will ever make. It makes sense to take good care of it, doesn’t it? If you are a home owner or just looking to purchase a property in Texas, insurance is one of the first things you should consider.
What does Texas home insurance cover?
Needless to say, the state has had its fare share of disasters in recent years. That’s one of the reason some insurance companies do not want to do business in Texas any longer. Their loss is others’ gain and a number of companies have stepped in, trying to offer better and reasonably priced cover.
When it comes to home insurance in Texas, there are a couple of things you should know. What your policy covers and how rates are calculated.

It is important to know exactly what you are protected against in order to be able to file a claim. A standard policy will generally cover damage or destruction of your home in certain conditions, the content of your home and personal property, liability in case someone is injured in your home and tries to sue you.
As you can notice hurricanes, earthquakes and floods are not included by default. You will have to pay additionally for cover against such natural disasters.

Cheap Home Insurance in Texas – How Are Rates Calculated
The rates you will have to pay will depend on a number of factors raging from the state of the property and its value, to your personal credit record and claim history. Where you reside is of paramount importance too, because some areas in Texas demand higher home insurance premiums.

The most vital thing to understand is that each and every home insurance company in Texas uses a different formula when calculation premiums. That’s the reason why insurance expert recommend obtaining quotes from 3 to 5 insurers in order to get a good idea of where you stand and what’s available to you. Keep in mind that when comparing quotes you need to keep the insurance limits, deductibles and other amounts the same.

Having to ring multiple insurers and repeat the same information over and over again, used to be a tedious and time consuming task. Well, not any more. Luckily for you, the internet has made this process almost effortless. In less than 2 minutes you can compare quotes from top rated national and local insurance companies. Its fast, easy and secure. You could even save up to 40%!

=====================gtg

A homeowner with a family and place of residence to protect may opt to get a home insurance policy. But with the many insurance companies and plans available, it can often be a confusing thing to do. Having a family and home to protect can often lead some into diving into home insurance policies which are expensive but oftentimes not comprehensive enough to cover damage and all family members, making the investment effectively useless in a real world situation.
However, once you know what to look for, picking a complete and comprehensive home insurance policy will not become that tedious of a chore. Knowing what you want out of a prospective policy, such as flood and earthquake coverage, as well as other home accidents such as fires will set you on the fast track to getting the coverage and compensation you need to protect your family and other investments in your home or place of residence.

From HO-1 to HO-8
Many home insurance policy providers follow a standardized ranking system to providing insurance to prospective homeowners. This is the HO-1 to HO-8 system, which ranks homeowners into certain insurance policies depending on factors such as disaster prone zones, the age of the home, crime rates in a given area, among other things.
HO-1 is also known as Basic Home Owners Insurance, and covers your home and personal property contained within against damages or losses including theft, vandalism, fires, earthquakes and other natural disasters.
HO-2 more commonly known as Basic Homeowners Insurance Plus. This is similar to HO-1 but includes other kinds of damages such as falling objects, electrical surges, and flood or snow damages done to utilities or appliances.
HO-3, or Extended or Special Homeowners Insurance, provides even more extensive coverage than HO-2 for your home spanning from the structure to the content inside your house. This can also be referred to as an All Risk Policy.
Renter Insurance is categorized as HO-4, and covers the personal property from the elements included in HO-2 plans. This caters to people renting a living space, hence the given term Renter’s Policy.
HO-5 is also known as an All Risk policy, and covers the structure itself as well as the personal property contained within, much like HO-3. HO-5 policies, however, cover a larger area from damages or losses as well as accidents caused passers-by or outsiders.
HO-6 can be referred to as Condominium Owners Insurance Coverage. This policy is for condominium owners and their personal property and often provides protection for mishaps and disasters that happen within a condominium such as fires, theft and other forms of loss and some natural disasters.
HO-7 can be considered a hybrid home insurance policy which covers both the building and the contents on the basis of risk by direct physical loss.
HO-8 can be referred to as Basic Older Home Coverage and can be applied to homes which have historical value or significance. This home insurance policy can also include repair and restoration to an older house in addition to theft, vandalism and loss coverage.

Picking a Good Home Insurance Company
The sheer variety of insurers available to a homeowner can often make the task of picking a good home insurance policy very daunting at first, but it should not put you off from weighing in the available options in order to get a good deal. Free databases available both online or at your local realtor may be good to check first, in order to get a good feel of what companies have to offer to potential customers.

When you have a short list of insurers you think are reputable enough to serve you, request quotes from them to help gauge and compare costs between insurers. Getting quotes from carriers should have little to no cost involved, and should include everything including additional and hidden fees, unless you are planning on paying for more later on down the road.

Picking a company that deals directly with customers can often be a good sign for an insurer. Dealing face to face without the middleman can often lead to big savings, unlike insurers that advertise through junk mail and spam messages through your email. However, that is not to say that these by mail insurers do not offer good deals as well, so be sure to read through the fine print should you consider to weigh this in as an option too.

Your nearest state office should offer shopping guides to insurers and home insurance policies for homeowners. Knowing that a governing body offers a list of reputable insurers and home insurance policies can help bring peace of mind to a homeowner, and may include smaller, lesser known companies with comparatively lower rates than bigger insurance companies.

When picking any company to provide you with a home insurance policy, pick out a company with good financial ratings, as many companies take a dip in financials during major natural disasters. Inquire from a company about this information, or check out their financials on online or local realtor listings to gauge an insurer’s ability to cover you and your home.

If you are in an area that constantly gets hit by natural disasters such as floods and earthquakes, you may only be stuck with only one state sponsored home insurance policy as part of a high risk pool of homeowners. If this is the case, try waiting a little more if you think it is worth the risk, as there are many insurance companies both big and small who are also willing to break into the high risk market.

================gtg

Are you looking for better home insurance rates? Would you like to pay less for your insurance and have even better coverage? If you have answered “Yes” then you have come to the right place. Shopping around for the best quote used to be time consuming and rather frustrating task. Well, not any more! Now, you can compare home insurance rates from a number of top rated insurance companies online. Just complete a simple 2-minutes internet form and you will be able to choose the right policy for you. Fast, easy and secure!

You may be wondering exactly how are home insurance premiums calculated. The truth is that each insurance company has its own formula which is used to determine rates. Still, there are a number of universal factors taken into account by all insurers. The better you understand this process, the easier it is to save money and get a better policy.

Obviously, where you live is of paramount importance. In certain states the likelihood of natural disasters is far greater than in others. The same is true as far as crime is concerned too. Even in the same city, some neighborhoods will demand higher premiums. Make sure that you understand your policy well and double check what events are covered and what are not. It may be possible that you will require an additional coverage for particular disastrous like earthquakes and floods.

The current state of your property is also taken into account. Newer buildings are build better and need less maintenance, hence are cheaper to insure. Make sure that you have taken care of any structural problems and have given your insurance company a fair idea of the state of your home.

Have you got any safety features? Your home insurance rates will be lower if your home has smoke and C02 detectors. Burglar alarm and simple devices like door bolts could decrease your premiums even further.
Of course, the amount you want to insure your home for has to be chosen carefully. The higher the figure, the higher your rates will be. Be careful and calculate it very carefully. Take into account how much would be needed to rebuild your home and replace everything in it, not how much is its current market value.
Believe it or not, some additional facts will be taken into account too, for example your credit rating. You may be asking yourself, what has my credit score has to do with my home insurance. Well, in recent years insurance companies are taking it into consideration, because statistically people with poor credit history are more likely to make a claim.

Keep in mind that home insurance rates are very personal thing. Two identical properties on the same street will not cost the same to insure and no two insurance companies will give you the same quote. Insurance experts recommend getting at least 3 quotes from different insurers before choosing the right one for you. You may be absolutely amazed by the difference in price.

=================gtg

Are you trying to find affordable homeowners insurance in Texas? Join the thousands of Texans who have found cheaper rates and better coverage. Make the insurers fight for your business and see what discounts they can offer you. Use a simple 2-minutes internet form to compare quotes online.

With a rising population, Texan housing ownership is increasing throughout the state. Because of this, home insurance in Texas is an important necessity for the new homeowners who are moving to Texas.
Home insurance provides you the protection needed for any property damage to your homes. All lenders in the United States, including ones in Texas, will not provide mortgages to you unless you purchase some level of housing insurance. The housing insurance can cover a number of natural disasters or damages to property. Fires, floods, vandalism, accidents, and robberies are some basic coverage factors for most home insurance policies. Not having home insurance will stop the mortgage process on the home, but having minimal insurance packages will also not protect your home from every possible property damage scenario.

In Texas, there are five common attributes to all home insurance policies. Dwelling costs are common, meaning the home you live in will be paid for if there are any damages from natural disasters or property damage. Personal property loss is also mandated, meaning any object in your home, like furniture or appliances, are covered by the home insurance. Liability costs, which includes if you are being sued up to $25,000 in property damage to another property. For example, if you accidentally hit your neighbor’s fence is one case of a liability cost. Another factor is medical costs, which can cover anywhere from $500 to $5,000 if your property bodily injures someone. Loss of use is also common in Texas, paying for all of your expenses if you cannot use your home because it is severely damaged.

Texas also has specific types of coverage in the state. You can purchase what is known as all-risk policies, which covers across the board issues for your home. The second type is a specified perils coverage. This type of coverage only covers specific types of damages you may pay for in your home insurance coverage. Texan insurance policies also consider the replacement cost versus actual cost of the property.

Replacement cost is how much it would cost, at the time of damage, to repair your property. Actual cost is the amount of money your property costs with its depreciated or appreciated housing value. These characteristics are important if you are considering rebuilding or moving from your damaged property. It might be better buying a new property than rebuilding your old home under your specific insurance policy.
Texas home insurance is a crucial step in your ownership of Texan property. Knowing what Texas has for state policies for housing insurance will help you find a unique, money-saving plan for your property. 

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Saving money on home insurance in Texas has never been easier. Yet, most people still pay too much. Why? Because they don’t compare quotes. You can save time, effort and money by using a simple online form. Make the insurers compete for your business and see what discount you can get. 

Home insurance becomes more important if you have a lot of high priced items in your house or if you are not in a position to replace whatever it is that you have. It is not just the contents your home that you need to insure but also the structure as the cost to replace and repair can be astronomical. By and large when buying the two policies from the same company there will often be the chance of a discount.

What Are the Dangers Specific in Texas?
One of the main concerns when you live in Texas will be the risk of losing your home to fire or losing a lot of your possessions to fire damage. There are such vast areas of grassland that this is always a possibility and so it will be advisable to take out extra insurance to allow for this risk.

Types of Coverage
There are various types of home coverage and a good company will explain all the options and allow you to decide what is best for you. In Texas there are the following options:
H0-2 – this protects you against damage caused by smoke, floods, fire, theft, riots and vandalism. 
H0-3 – this covers all of the above, but also covers you in case there are injuries so you will have some medical cover. 
Flood coverage – although you will be covered by some flood insurance in parts of the state it is a regular risk so it will be best to take out extra cover. Due to the severe weather conditions it will also be a good idea to consider cover against tornados and severe winds.

How Are Home Insurance Rates Calculated?
Construction value is taken into account when home insurance rates are calculated
There are plenty of different things that can determine how much you will need to pay when it comes to home insurance and by not being accurate and honest when filling in the forms you may find you lose out at a later date. One thing that will not matter is your credit rating so there is no need to worry about that it is the house and contents that matters.

It may be a concern that they will charge too much but the companies realize that they have to be competitive so will always try to match or beat the competition. You will have to expect to pay more if you have made a number of previous claims or live in an area that will be likely to suffer damage or crime more than others.

There is a technical system used and it has the acronym C.O.P.E. and this means construction, occupancy, protection and, exposure.
Construction
This covers how the house is built as a wooden home will cost more to insure than one made of bricks. This is because a brick house is less likely to burn. The heating system is also considered so an open fire will push the premium up.
Occupancy
This will often refer to a second home or a property that is not used daily due to the owner working away. An empty house is a prime target for burglaries or internal damage that will not be noticed for a while. This can be countered by a lower medical premium as less time there means less time to get hurt. Landlords may pay less as they will not always be responsible for the contents 
Protection
There will be a lower payment needed if you take precautions such as installing smoke detectors, fire alarms, fire extinguishers and sprinkler systems. It will also depend on whereabouts you live as a home near to a fire station will receive a fire engines visit much more quickly than a home out in the wilds.
Exposure
This will be judged by how likely you are to be affected by the sea or run the risk of hurricane damage. Often this means the more inland you are the better price you will be quoted.

Ways to Save on Home Insurance in Texas
The best way to do this is to shop around when your policy is due for renewal. Many companies offer a discount to new companies and while this may make them an attractive company it will normally be to make you buy from them.

By the time you have been with a company for three years it is very likely that you will be able to get a better deal elsewhere. Using an Independent Insurance Agent will make sure that you get the best deal.

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Homeowner’s Insurance 10/29/19 – gtg

Home Insurance

Please note these are general guides to home insurance and do not constitute the provision of advice or indicate that a particular product is appropriate for you. Benefits, conditions, and exclusions vary from one home insurance policy to another and you should always check the policy summary and policy document to make sure that you understand what you are buying. If you have any questions you should talk to your insurance broker. 

What is Home Insurance? For most of us, our house and contents represent our largest asset, and if we have a mortgage, at the same time our largest debt. Home insurance, also known as Household insurance or Buildings and Contents insurance, provides protection against loss or damage of your property. Protecting this investment against fire, flood, theft and other risks is essential to ensure that you have the necessary financial assistance available so that you can carry on with life. There often can be no substitute for the loss or damage of your possessions but having proper insurance in place can considerably ease the distress that can occur. Compare Home Insurance policies online now!

How much cover do I need? For Buildings Insurance, you should make sure that the level of coverage you buy (referred to as the Sum Insured) is sufficient to rebuild your home in the event of a total loss. It’s not the current market value of your home. For example, if there was a fire that meant that the house had to be knocked down and re-built, then you would want your insurer to pay for it. The amount of home insurance cover then should be sufficient to pay for the demolition and re-building, taking into account the cost of professional fees as well such as Architects and Surveyors.
If you have recently moved into your property then the rebuilding cost would normally be shown on your surveyors or valuation report (if you have one). If you are concerned that you may not have the right rebuilding value there is no substitute for professional advice and judgment, particularly where a property has any unusual features. Professional advice can be obtained from a licensed Surveyor.

For Contents you should cover the cost of everything inside your home. If you imagine you are moving house then everything that you take with you will be your Contents. The best way to work out the correct contents sum insured is to walk around your home making a note of the contents room by room. In the end, estimate the value of every item and total the whole. This then will be your contents sum insured.

Valuables Most insurers will regard certain ‘high risk’ items in the home as valuables. These will usually include items of gold, silver, furs, jewelry, pictures, stamp collections, and the like. The policy wording will provide a full list. In a standard policy, the insurer will normally limit the total cover available for all valuables to a certain level, perhaps 30% of the sum insured and within that limit, they will normally stipulate that no single item can have a value greater than say 5% of the sum insured. So, for example, if your contents were insured for $20,000 up to $6,000 of that amount could be valuable items, with no single item valued at more than $1,000. If you have valuable items that need to be covered then it is best to specify these during the quotation process so that additional cover can be arranged. The insurer may charge an additional premium for items of a higher value and or require further security to be arranged (perhaps locks or an alarm). The insurer may also require that a recent valuation be obtained.

Am I underinsured and does it matter? A recent survey of over 100,000 household contents policies taken out, has highlighted that many homeowners are insuring their personal possessions for less than they did five years ago! It is well known within the insurance industry that homeowners consistently under-estimate the value of their belongings and as a result fail to ensure that their contents cover properly keeps pace. Sometimes this is accidental because our possessions are accumulated over time and we do not keep track of how much we have spent while on other occasions people make a conscious decision to underinsure in order to reduce the cost of a policy. This is a false economy because for most homeowners home insurance still represents excellent value for money. When things go wrong, for example, flooding, you would have been pleased that you had the right level of home insurance cover in place. 

When insuring your home the insurance company is taking an educated risk. One of the factors they take into account is the value of the building and its contents. If the value you declare is not correct then, as far as the Insurer is concerned, you have not given them all the information they require in order to assess the risk. You pay a premium to the insurer calculated on the risk; if the risk were different then the premium would be different. In practical terms, it could mean that in the event of you making a claim the insurer may not payout at all. Often the insurer will only pay out a reduced amount. For example, suppose you had contents of $20,000 in your home but only insured it for $10,000 i.e. just half the true value. If you had a burglary and $1,000 of the property was stolen then the insurer may well only pay out half the value of the claim, $500. 

You can see that it is important to cover the true value of your building and its contents. It’s also important to review the figure each year, it’s amazing how many additional items you can buy in 12 months! Don’t forget if you have a new kitchen fitted, or carpets, fitted furniture, satellite dish, garden tools, sheds, it all makes a difference.

If I take property out of my home am I insured? It is common with contents insurance to offer additional cover as an option to the customer, allowing you to insure certain property both in and out of the home. This is commonly referred to as Personal Possessions cover. Items such as jewelry, furs, cameras, and musical instruments can be covered against any type of accidental loss or damage inside or outside the home. Without this extension to your home insurance policy, you would not be able to make a claim if you lost or had an item stolen whilst out of your home. 

How can I reduce my Home Insurance premiums? With most aspects of Home Insurance, the premium is based upon factors over which you have no control. The location of the property, its age, the value of its contents are all fixed and there is little that you can do about it. There are three factors, however, that can make a large difference to the insurance premium and that you can affect directly. The amount of the Voluntary Excess – The Security features of your home – Your claims history. 

Voluntary Deductible: If you make a claim it is usual for the insurer to expect you to pay the first part, this is known as the deductible. Because the insurer insists that this is paid for each and every claim it is known as the compulsory deductible. For most home insurance policies this is in the region of $500. Most insurers are happy to provide a discount on the premium if you are prepared to pay a larger part of any claim, that is accept a larger deductible. Because this decision is up to you, it is known as the voluntary deductible. The amount of any discount will vary between insurers but is generally in the region of 5% to 15% depending upon how much you are prepared to accept.

Security: All insurers want to reduce the number of theft claims and one of the most effective ways of achieving this is for you to ensure that your home is properly secure. Because security is so effective at reducing theft most insurers are prepared to reward you with a reduction in premium. The home insurance company will define the type of security that they require in order to qualify for a discount but for most home insurance companies there are three particular security measures that count. Good quality locks on windows and doors. A professionally fitted and maintained burglar alarm. Membership of an approved Neighborhood Watch. For each of these, the home insurance company will normally give a discount in the region of 2.5% – 10%. Unfortunately, some householders are already in a high-risk area, for example many city centers, and the home insurance company may insist that certain securities are in place before offering coverage. In these cases, of course, no security discount will be applicable. 

Claims Discount: Just as with Vehicle Insurance it is now common practice for home insurance companies to reward those who have not made a claim in preceding years. The level of discount varies from one home insurance company to another however 5% to 20% is now common and the amount is increasing. With the increased use of the computerized claims register, insurers are becoming increasingly confident that they can check on the number of claim free years that are claimed by any policyholder and therefore are happier about providing a no claims discount. 

What about my mortgage lender? If you presently have your home insurance arranged by your mortgage lender, the chances are that you could be paying too much for your home insurance coverage. It’s understandable. Research shows that people often believe that they have to take out the home insurance that their lender offers. They think it’s a condition of their mortgage. In most cases, this simply isn’t true and you are free to make your own home insurance arrangements. You may get a substantial savings by switching your coverage to another provider. 

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Yes, you can save hundreds on your home insurance. How? Simply by comparing quotes from top-rated national and local insurance companies. If you consider purchasing minimum home insurance, it will help if you have acquired knowledge of the basic coverage of homeowners’ insurance. It is advisable that you speak with your insurance agent who can provide you with this information.
If you have purchased your home through a loan, it is a must to talk to your loan company since you might be required to get more coverage as mentioned in your loan contract; it depends of the value of your property.

Types of Basic Coverage
Most insurers offer basic minimum coverage of up to $100,000 in case of the occurrence of theft, fire, explosion, and hail. It has been observed that natural disasters happen more frequently. This is the reason why many lending companies deem it critical for homeowners to be prepared for any unforeseen events that can occur. As such, coverage for naturally-occurring disasters like earthquakes, floods, and hurricanes are normally purchased separately for most insurance policies.
Once you have determined the basic coverage for your home insurance, you can obtain your policy through the Internet. You may call your insurance company to set an appointment for the purchase of your minimum home insurance. Likewise, you can visit your local insurer’s office and make your purchase in person.
The best way is to meet with your insurance representative in person since they will be able to answer any question that you might have. Likewise, by meeting with your insurer personally, you will immediately obtain information on the monthly payments that you need to pay for your minimum insurance requirements.
Benefits of home insurance – its coverage
Home insurance in offers covers for any damage to your home and property that is caused by lightning, fire, water damage, theft, burglary, and vandalism. This insurance protects you against liability lawsuits.
The main benefit of your typical homeowner’s insurance coverage is that it ensures your home and its contents. Your home may be covered against losses because the following:
Hail 
Windstorm 
Fire 
Lightning 
Explosion 
Breakage of glass 
Theft 
Riot or civil unrest 
Aircraft 
Smoke 
Vehicles 
Malicious Mischief and Vandalism

You may opt to purchase a much broader home insurance coverage. This means the provision of additional protection and security for your home and contents, or even special insurance endorsements like coverage of building upgrade. If you want protection for earthquake, such coverage can also be considered in this state.
Your insurance likewise covers any loss of use, or increase in living expenses because of fire or other type of insured loss.
Liability coverage provides you protection for any injury or damage to other individuals that you, a family member, or pet has caused. Insurance involving medical payments covers any medical expense to any individual who is not a member of your family and is injured within your home.
You must also take notice of home insurance exclusions. Flood, earthquake, and earth movement are just some of the potential perils that are considered to be excluded.
When your insurer offers you home insurance coverage, he is required to offer earthquake coverage as an added premium. Such coverage can directly written by the homeowner’s insurer, another insurance company, or via the Earthquake Authority.

Obtain Affordable Home Insurance Quotes
“Saving on home insurance is easy”
The following are some of the best tips on getting affordable home insurance quotes:

It is best to shop around
Shopping for affordable insurance is desirable, since it is possible that the difference between one insurer and another can be hundreds of dollars. Indeed, it does pays to shop for affordable quotes and rates. There are many web sites that offer quotes from different insurance companies. You may acquire a number of quotes and make comparisons to choose the best possible one for your coverage needs.

Increase deductible
The insurance deductible amount is basically the figure that you have to pay on your claim before your policy becomes in effect. If you raise the amount of your deductible from $200 to $1,000, this can actually help you save 25 percent or even more for your coverage. This not just decreases your premium, but likewise decreases your chances to be dropped by your insurer for filing more claims than necessary.

Combine home and auto Insurance
Try buying your home insurance and car insurance from the same insurer. Doing this will help you save as much as 20 percent on your insurance premium. This likewise offers you the benefit of paying a single bill, apart from the convenience of dealing with a single insurer.

Finally, getting the cheapest price for your insurance does not automatically mean you enjoy the best deal. Likewise, it is a must that you check the Home Insurance provider that you selected with the Department of Insurance to be assured that you have chosen a reputable one that will pay your claims.

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A home insurance is an insurance policy that provides financial protection to a home against peril or lawsuit. In the insurance lingo, peril is defined as explicit threat or grounds of loss of covered property that may be caused by windstorm, smoke, hail, fire damage or theft. 

Your home might be your biggest investment in your lifetime; hence you couldn’t just afford not to secure it. With the current natural disasters randomly happening in different countries plus the high risk of getting household damage, losing your home could be as easy as 1-2-3. However, when your home is covered, you are protected from any financial or property loss should something happens to your home. 

The Significance of Home Insurance in Today’s Economy
The economic recession did not only result to massive streamlining in various industries but also losing homes. Since many people are no longer able to pay their mortgage, even regular maintenance, many ended losing their homes. With the continuing downturn in the global economy, getting your valuables and big investments, like home and vehicles, insured is the wisest decision to make. That being said, a home insurance policy can be expensive, too.

Types of Home Insurance Coverage
The insurance policy is not standard for every home. You pay for certain coverage and that determines the amount of your insurance policy. The best way to get the most appropriate coverage for your home is to compare quotes. Do not settle yet with the first insurance company you find. 
Insurance companies vary in their approaches and business tactics. But, what would be the normal home insurance coverage that you would get? There are multiple home insurance coverages that can be included in the policy. For example:
coverage for house damage, which pays the amount of the policy; 
coverage for structural damages, which includes fencing, work shed, garage, etc; 
coverage for personal property including household stuff (i.e. clothes, jewelries, appliances, etc.); 
coverage for additional living expenses that pays for the homeowner’s expenses in the unlikely event of extreme household damage – until the normal living standard is restored; 
coverage for comprehensive personal liability that protects the insurer from any claim arising from accidents on owned properties or rented ones; and 
coverage for medical expenses, should there be any accident that will result to injury of other people within your premises or outside, that you, your family and pet may cause.

Other Important Additional Coverage
Some of the most common home insurance coverage includes:
replacement costs for additional premium; 
flood insurance; 
earthquake insurance; and 
fire insurance.
Since it can be expensive having home insurance policy in , disaster-proofing your home will help you save money as you don’t have to pay for every coverage you think are necessary. You can add shatterproof glass or storm windows to your home. You may also renovate your old plumbing, heating and electric system at home. Finally, if you raise your deductible to at least $500, your payment for premium is lowered.

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Is Farmers home insurance the cheapest policy for you? You will never know for sure unless you compare quotes from other companies. How long would it take? Just a couple of minutes to fill out a simple online form. Then all the hard work is done for you and you find the best quotes. Yes, its that simple. You save time, effort and above all – lots of money!

Farmers Company Background
The Farmers Insurance Group is one of the largest insurance companies in the United States. They have a customer base of over ten million households, holding over twenty million individual insurance policies. Their insurance products are particularly popular in the west and south west of the country. Their company headquarters are in Los Angeles, , and they employ over 25000 people.
The company started, as the name suggests, by offering insurance policies to farmers. They have been operational since 1928.
They are owned by Zurich Financial Services, a gigantic Swiss financial services group with subsidiaries all over the world. The British conglomerate B.A.T. Industries initially acquired Farmers Insurance Group in 1988. The B.A.T. financial services arm merged with Zurich A.G. in 1998 to form Zurich Financial Services.
In recent years Farmers Insurance Group has been almost untouched by the global economic downturn. Their financial strength has generally been very strong. Their only low point in recent years came in 2008 as a result of Hurricane Katrina.

Farmers Company Ratings
A.M Best Company gives Famers Insurance Group a financial strength rating of A. This means their analysts believe that they have an excellent ability to meet their insurance obligations. Farmers has a good rating.
Moody’s have categorized Farmers Insurance Group’s financial strength as A2. This meaning that their financial security is excellent. That puts Farmers Insurance Group in Moody’s group of “high-grade companies.” This favorable rating is based on good profitability and earnings over the last five years, as well as the support provided by the larger Zurich Financial Services group.
Standard and Poor’s have rated Farmers Insurance Group AA-, which they categorize as a very strong financial strength rating.

Customer Satisfaction
The Farmers Insurance Group has generally fared quite badly on customer satisfaction surveys in recent years. Consumer Reports has found that the Farmers Insurance Group is very reluctant to pay out on claims. They gave Farmers Insurance Homeowners Insurance a “Worse” rating in both the “Problems with Claim” and “Delayed Payments” categories.
In the JD Power & Associates rankings of insurance companies in recent years, Farmers Insurance has had a mediocre score. They have generally scored average or under.
The American Association of Justice has listed Farmers Insurance as one of their top 10 Worst Insurance Companies. They claim that Farmers Insurance claim handling policies put profits above customer satisfaction. They also claim that there is a culture in the organization of delaying claims.
Kiplinger’s Personal Finance Magazine found that Farmers Insurance had the second worse complaint to claim ratio in the industry.
Obviously, it will be best if you can speak with customers of Farmers that you actually know – friends, family, co-workers. Ask them about their experience and would they recommend the company to you. A recommendation from a person you trust means much more than a high company rating on a corporate website.
Also have a look at Farmers Facebook and Twitter pages.

Shop Around And Compare Home Insurance Quotes
You should definitely shop around before you buy Farmers Home Insurance. It’s the best way to be sure that you will get a good deal. You could save a significant amount on your monthly home insurance policy if you compare the options available on the marketplace.
When you’re thinking of taking out a home insurance policy, it’s wise to get at least three insurance quotes. Make sure to take into account not only the price, but also other factors such as reputation and customer service.

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