Home Insurance Add-ons to Consider

Contrary to many homeowners that home insurance is a luxury, this coverage is a necessity. It protects your home, covers you against liabilities, and pays for additional living expenses when a covered peril damages your dwelling. While home insurance is a worthwhile investment, it has limits and exclusions. As such, if you want optimum coverage for your Houston, TX home, you need to consider add-ons (endorsements) from Memorial Insurance Agency to strengthen your policy. 

There are add-ons to consider for your home insurance plan.

Flood insurance

Floods are a ubiquitous natural calamity in the US. Unfortunately, your typical home insurance policy doesn’t cover overland flooding. For this reason, you need a stand-alone flood insurance policy from private carriers or the National Insurance Flood Program (NFIP). Flood insurance covers your building and the contents whenever floods strike. 

Umbrella insurance

Do you have dangerous pets that can cause harm to others? Do you have a swimming pool or trampoline? Or perhaps you have an over-zealous teenager that can cause damage to other people’s property? Either way, you may need umbrella insurance to boost the liability coverage in your home insurance.

Umbrella insurance takes over when your typical liability insurance limit is exhausted. For instance, if a guest slips and injures themselves while on your swimming pool, you could be held responsible for their medical expenses. If the injuries are significant and exhaust your home insurance, that’s where umbrella insurance comes in.

Sewer backup endorsement

Aging sewer lines, clogging, and tree roots can cause sewerage backup in your home, leading to water damage. While this risk is common in many homes, typical home insurance doesn’t cover it. For this reason, you need a sewer backup rider to protect your home whenever your sewer system misbehaves.

Earthquake endorsement

Since your conventional home insurance doesn’t cover earth movement risks, you need individual earthquake coverage if you live in an earthquake-prone location. This policy covers your building, belongings, and even the cost of clearing debris.

Boost home insurance today!

Would you like to enhance the power of your home insurance policy? Don’t hesitate to get in touch with the Memorial Insurance Agency of Houston, TX, for affordable endorsements. 

Insuring My Houston TX Home

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. 

Who should get home insurance in Houston?

Houston, TX is a major metro area that continues to bring new people in each year. When you are going to move here, the growing population and strong economy can make it an ideal place to purchase a home. If you do decide to purchase a home in this area of the state, you will want to get proper insurance coverage for it. There are several situations when someone here should get a home insurance policy.

When Taking Out a Mortgage

A situation when most people will need to get property insurance is when they are going to take out a mortgage. The low-interest-rate environment today makes it a great time to finance a home with a mortgage. However, if you do this, you will need to get proper insurance for your property to comply with the lender requirements. In some cases, you will also have to escrow payments monthly to ensure you do not have a coverage lapse. 

When Wanting to Protect Asset

You should also get coverage for your home to protect your asset. A home insurance policy will give the coverage that is needed to repair or rebuild your property. This coverage will prove to be valuable if there is ever a fire or other form of damage. 

There are a lot of reasons that someone should get home insurance for their Houston, TX area property. If you are in the market for a new home or want to evaluate your insurance needs, it would be a good idea for you to call Memorial Insurance Agency. The team with Memorial Insurance Agency understands the complexities that come with picking an insurance plan. They can answer any questions that you have and choose a policy that is right for your situation. 

Why should I get home insurance in Houston?

In the Houston, TX area, owning and purchasing a home is a great long-term investment and option. As you are in the market for your next property, you should also spend time thinking about how you can protect your property. A great way to protect your home is by getting a quality insurance policy that will offer several types of coverage. 

Insurance is Needed to Protect Assets

One of the reasons you should get home insurance for your Houston property is that it is required and needed to protect your asset. Your home and dwelling is a very major asset that you need to protect as well as possible. A great way that anyone can do this is by getting a full home insurance policy. With this coverage, you will have protection in the event your home is damaged. Further, you will get additional coverage to repair or replace your personal assets. 

Insurance Gives Liability Protection

You will also want to get a home insurance policy because it can give you liability protection. When you are a property owner, you will be taking on some type of liability risk at all times. If you are found at fault for an accident that occurs in your home, you will be required to pay for the relevant damages. Fortunately, with home insurance, you can get coverage for this risk. 

If you would like to purchase a property in the Houston, TX area and need insurance, you should call the team at Memorial Insurance Agency. Those that speak with the team at Memorial Insurance Agency can get the guidance and support they need to choose a policy. This can ensure you know what all of your options are and that you pick the right policy for your situation. 

Why should I protect my property with home insurance?

Those that are in the Houston, TX area and want to stay in the area for a while should consider purchasing their home. This is a major city in Texas that offers many different professionals and personal opportunities and amenities. When you are going to purchase a home in this area of the state, you need to make sure that you get the right insurance. There are several reasons why you should protect your home with home insurance.

Insurance Protects Dwelling

One of the advantages of home insurance is that it can provide you with protection for your dwelling. More than likely, your property is going to be the most significant and valuable asset that you will ever own. Due to this, you need to make sure that you protect it as well as possible. When you get home insurance, you are going to receive the coverage that you need to repair or replace your property following damage.

Insurance Protects Personal Assets

Another reason to get home insurance for your property is that it can protect your personal assets. Beyond the dwelling, you will have a lot invested in your personal assets. For most people, there is a lot invested in electronics, appliances, furniture, and other personal items. When you get a home insurance policy, you will also receive coverage up to your policy limit for your personal items. More expensive items, which could include jewelry, could further be protected with policy riders.

Getting home insurance in the Houston, TX area is always a good idea. When you are looking for insurance here, you should call the Memorial Insurance Agency. The insurance professionals at the Memorial Insurance Agency can answer any questions that you have and make sure you are receiving proper protection. 

Why Home Insurance in Houston TX Is More Important Than Ever

Protecting your home is an important part of ownership, now more than ever. As housing values increase in the greater Houston, TX  area, the team at Memorial Insurance Agency is here to help you keep your home covered. As house values increase, so do your insurance needs. This includes market increases as well as factors such as improvements and additions that you make to your home. We recommend that all of our clients review their home policies on a regular basis in order to ensure that they have the protection they need.

Now is a Good Time to Review Your Homeowner’s Policy

Houston is a great place to live, and home values are reflecting that positivity in many areas of the city. If you have owned your home for a long time and haven’t given your insurance policy much of a thought except to continue rolling it over, it’s time to take a closer look at your coverage. There are many factors that can contribute to the need for an increased coverage level to ensure that your policy keeps pace with your home’s value.

If you have increased the equity in your home or made significant improvements such as updating the kitchen or bathrooms or put on an addition, it is likely that you will need to increase your policy values. It can be easy to keep renewing the same policy year after year without reviewing the details of your home insurance coverage levels. Don’t be caught with insufficient coverage!

Is it time to review the home insurance policy for your property in the greater Houston, TX area? Give the agents at Memorial Insurance Agency a call today to schedule an appointment to review your current policy for completeness. 

Tips for Revising Your Home Insurance in Houston, TX

If you’ve owned your home for many years in Houston, TX, then your home insurance can start to feel like it’s just something else to pay every month. You probably don’t even think about changing the terms, because you may assume that there’s really nothing to change. But there are a lot of homeowners out with who are underinsured — and they don’t even realize it. Memorial Insurance Agency wants you to have a few facts in mind that may just convince you to revise your policy. 

Consider the Different Events 

What happens if your home’s basement floods after a big storm? Who will you turn to if your mailman sues you if they trip over an old tree stump on the way to your mailbox? How much property will your home insurance cover if all your valuables are stolen by a thief while you’re on vacation? It’s impossible to consider every potential misfortune that can occur to your home (and really, why would you want to do that in the first place?), but asking a few questions can give you a better idea of what you need coverage for. 

The Facts of Home Insurance 

Home insurance policies don’t come with flooding protection in Houston, TX if there isn’t a special rider attached. Your liability limits on your policy may only stretch so far in the event of a lawsuit. Finally, some policies only cover the grounds and the structure of the property rather than your personal property.

If you have questions about how to build a better policy for yourself, Memorial Insurance Agency may be able to help. Give us a call so we can help you comb through your policy line by line before making a few recommendations. 

Does home insurance cover antiques?

Your home insurance policy will cover nearly anything that you can send its way. There are, however, instances where a policy may not pay for everything that you have lost. Antiques are generally covered by your standard home insurance plan in Houston, TX. You may not be satisfied with the amount that you receive to replace your prized possession when tragedy strikes, though. Such is the reason why you may want to consider additional coverage for your antiques as provided through Memorial Insurance Agency. 

The problem with antique items

The average home insurance policy places more value on modern goods. There is little issue with you claiming $1,000 for a desktop computer and receiving compensation to replace the item for said amount. The problem that arises with antique items is their inherent value that the ordinary home insurance plan does not recognize. A Chester drawer from the 1920s receives today’s market value for furniture pieces, which is well below the actual value of the piece. The possibility of you receiving less than half of what your antique items are worth is relatively high when you only have a standard insurance policy. Such is the reason for investing in additional coverage. 

How to adequately cover antiques

You should ask your insurance agent about an additional policy that pays the antique value for items in your home that have history. An appraisal of the goods that you want to classify as antique may be required before your home insurance provider is willing to insure the pieces for more than the average market value. Such a step in the process is worth it, however, when you are trying to ensure that you are not cheated in the end. 

Call Memorial Insurance Agency!

Our agents in Houston, TX can help you find the insurance policy that protects your antiques as well as other items in your home. Call today to get started with a quote for home insurance!

Insurance Claims

Insurance claim? Do you have a good agent? If you don’t, you’ll be calling 1-800-GOOD-LUCK!

At Memorial Insurance Agency, we don’t have 1-800 numbers. Your phone call will be answered within three rings, and you’ll speak directly to an experienced, licensed insurance agent.

We’ll follow up with you about your claim, intervene with carriers on your behalf, and make sure the entire process is as hassle-free as possible.

It is no surprise that anyone who has been through a major insurance claim understands the value of a good agent. Give us a call today!

The Roof and Wind Damage

While there isn’t much harmful weather in Houston, TX, such as hail, high winds can damage your roof, including missing shingles and leaks. When wind hits your roof, it doesn’t go evenly across the surface. Instead, it hits the ridgeline and the edges, and as it gets under a small corner of the shingles, it can rip it entirely off. While the wind itself can cause damage, the most common damages are the result of the wind interacting with other things on or near the roof, such as tree branches. Memorial Insurance Agency has created a few tips on how to prevent wind damage and how to recognize signs of wind damage to your roof.

Prevent Wind Damage

The roof is one of the most critical parts of your house. If it gets damaged, there is a risk of more extensive and expensive damages occurring. Fortunately, there are some things you can do to prevent wind damage to the roof, including:

  • Trim and remove trees near the roof
  • Secure the shingles
  • Clean the gutters
  • Routinely inspect flashing
  • Secure all loose items

Recognizing Signs of Wind Damage

It’s crucial that you carefully examine the roof as soon as possible after a high wind storm. The sooner damages are repaired, the less risk there will be of more extensive damages occurring later. Signs of wind damage to the roof may include:

  • Roof leaks
  • Curling shingles
  • Missing shingles
  • Loose shingles
  • Piles of granules on the ground
  • Missing chimney flashing
  • Loose gutters

If you notice any wind damage to the roof, it’s essential to contact a local roofing contractor as soon as possible to make repairs. One of the most important things you can do to avoid expensive damages to the roof is to be diligent about inspecting the roof for issues that may lead to more damage during a wind storm.

Residents of Houston, TX that are interested in learning more information about home insurance or reviewing their current policy, should contact Memorial Insurance Agency.