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!