If you are purchasing a home insurance policy, you may be feeling a tad overwhelmed. Luckily, we now live in the information age, and there is no reason to venture blindly into anything. That said, the following is an overview of three things to consider when purchasing home insurance.
Flood Insurance or Not?
First off, depending on where you reside, flood insurance may be vital to maintaining your property. Although many people seem to believe home insurance covers flood damage, this isn’t necessarily the truth. In fact, it is fairly common for home insurance policies to only cover specified damages with regards to flood damage. Therefore, if you feel your home is especially at risk of being flooded, it would behoove to purchase flood insurance.
Similarly, depending on where you live, there may be other common issues that may be catastrophic to the home. Therefore, if you are buying a home in an area that is prone to certain natural disasters, you will want to get additional coverage.
In general, the deductible can affect your rates. For instance, a higher deductible can make for lower payments, which can make for more money in your pocket in the long run. However, if a major hurricane hits Houston, you’re going to be happy and relieved you opted for that low wind and hail deductible.
Overall, for those residing in Houston, TX, Memorial Insurance Agency is a great option. Proudly serving the Houston, TX area, Memorial Insurance Agency is a premier insurance company with outstanding customer service representatives and competitive rates. Visit our website to find out how you can start your policy today and hopefully save!
Still unsure whether an independent insurance agent is the best way to go for your home, auto, umbrella, flood, renters, or rental property insurance? Read below!
You save money: The difference between your current policy and the best option available in the marketplace can be hundreds or even thousands of dollars per year. Put your independent agent to work finding the best policy for you!
You have more choice: Let’s say you are shopping for homeowners’ insurance. An independent agent has many companies to choose from (Memorial Insurance has more than 22!), whereas a captive agent – such as State Farm – has just one. Who is more likely to be able to offer the most suitable policy at the lowest price?
You get better discounts: New roof? Got married? Improved credit score? If you stick with the same policy for years, you run the risk of missing out on savings if no one is checking. Your independent agent will review your policies annually to make sure you’re receiving all possible discounts.
You stay under one roof: Life is easier when you have your home, flood, auto, boat, umbrella, and rental home policies all in one place with someone you know.
You make informed choices: Unsure about whether to file a claim? Don’t know what is covered under your policy? Your independent agent will make sure you’re not missing any essential coverage, as well as providing guidance and advice. There are no 1-800 numbers here …. you just call and speak directly to someone who knows you.
Ever heard the following words?: “My house has never flooded, not even during Hurricane Harvey, so I don’t need to purchase flood insurance”. In the following interview, featured in Texas Monthly, local expert Professor Samuel Brody explains exactly why this is the wrong kind of thinking. A must-read as we approach peak hurricane season!: Why Hurricane Harvey WILL Happen Again.