More than 9,700 homes were sold by realtors in the Houston area in May 2021 alone, according to the Houston Association of Realtors. If you are one of these new homeowners, one of the most important decisions you will make — after what home you want, of course — is who to insure your home with.
The importance of homeowner’s insurance cannot be understated. Not only is it required when purchasing and obtaining financing for a home, but it can also be a lifesaver should the worst happen.
That’s because home insurance in Houston, TX will provide financial relief if your home is damaged due to an event that is covered by your insurance such as a tornado or fire. It will also cause damage done to your property or personal belongings.
In addition, insurance will cover you should someone have an accident or be injured on your property and you are held responsible for it.
And finally, there are many additional policies you can obtain for your homes, such as flood and earthquake insurance, that will cover you should those events happen.
When you are shopping for homeowner’s insurance, however, it’s important to keep in mind that your insurance is only as good as what you purchase. To be sure you get the best protection possible for your house, the most important thing to keep in mind is that you don’t end up underinsured.
Too many homeowners don’t have adequate insurance for their homes. Instead of having a home that is insured for the replacement value of their home, which is what it would cost to rebuild your home from the foundation up. Instead, they end up insured for the market value — what people would be willing to pay — for your home.
Getting home insurance is an important decision. Memorial Insurance Agency can put together a plan that will work best for you and your home. Call today for more information.