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. 

Reasons to Consider Flood Insurance

There are many reasons for homeowners to consider flood insurance.  At times throughout the year, photos of the results of floodwater can be seen in the media.  While the threat of flooding is real for many communities, not every home is at the same level of risk.  At Memorial Insurance Agency, our agents work with homeowners in the Houston, TX area to make the decision if flood insurance is protection that you need. 

Flooding is the biggest natural disaster that threatens US homes.  Yet home insurance policies do not cover flood events.  The financial impact of these events was brought to the attention of Congress in 1968.  Their response was to enact the National Flood Insurance Program (NFIP).  The program helps homeowners assess their level of risk and recover faster if their home is impacted by a flood. FEMA provides a tool that helps you define the risk level your home has.  If your home is at high or low-risk levels, the decision is easier.  Whether to ensure your home when it is at a moderate risk level will take more thought.  Your agent can help.  Consider this though, if you have a 1,000 sq. ft. home, 1 ft. of water causes $27,150 in damage on average.  These events can be financially devastating.  Also, renters can invest in flood insurance to protect their furniture and personal items. 

In the Houston, TX area, our team at Memorial Insurance Agency can help you decide if you can be better protected with flood insurance.  It provides broad coverage that is there when you need it.  Our website has some general information to get started.  Then come in to talk to one of our agents.  Protect your home and possession from the possibility of flood damage today.  Give us a call to get started!

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. 

What Are the Benefits of Taking a Defensive Driving Course?

Defensive driving courses aren’t just for teenagers who are just learning to drive. The agents at Memorial Insurance Agency have the answers you need about these types of classes. Residents in Houston, TX who choose to take a defensive driving course can reap the rewards and turn a copy of their completion certificate into their insurance agent.

Refreshes What You May Have Forgotten

Defensive driving courses are designed for anyone who needs to learn (or re-learn) the basics of defensive driving. If you have been driving for several years, there may be a few tips or tricks you may have forgotten. Everyone can benefit from taking an updated defensive driving course every few years. 

Provides You With Updated Information

Defensive driving courses are revised and updated every year or two. This ensures that the information being taught is as current as possible. This can include changes in the laws that have to do with speed limits or school zones. Laws vary from state to state so taking a defensive driving course is beneficial if you move to another state.

Might Make You Eligible for a Discount on Your Insurance Premiums

Successfully completing a defensive driving course may also make you eligible for a discount on your auto insurance premium. If you have questions about any of these benefits contact the agents of Memorial Insurance Agency. The agents are highly trained and can assist residents of Houston, TX in finding the answers they need about defensive driving courses. They may also be able to tell you where you can find these types of classes online so you don’t have to visit your local DMV.

Houston Flood Insurance Frequently Asked Questions

Memorial Insurance Agency serves Houston, TX with quality insurance services. We want all Houston residents to fully understand what is and is not covered in their current insurance policy, so they are never unpleasantly surprised or left without coverage after a natural disaster. Floods can occur practically anywhere in Texas, and many people do not realize their homeowner’s insurance may leave them in need. 

Flood Insurance FAQs in Texas:

  • Am I required to purchase flood insurance if I live in an official Flood Zone? The state of Texas and the Federal Government have no legal requirements for purchasing flood insurance, even if you live in a high-risk area. However, you will have policies available to you if you do. On the other hand, most mortgage companies will not offer loans for people to buy in high-risk zones unless they have flood coverage to protect their assets as they pay down their loans. 
  • Is flood insurance covered by my home or commercial insurance policy? No, homeowner’s and business insurance does not cover flood events. But adding flood insurance is simple, and the prices are fair for the amount of coverage. 
  • Who is eligible to purchase flood insurance? Anyone can buy quality private flood insurance to protect them. Those who live in designated zones can also buy National Flood Insurance from the U.S. Government. New areas flood all the time, so even if you are not in a designated zone, you may find the need for flood insurance at some point. 

Call us at Memorial Insurance Agency if you have any more questions or are ready to purchase flood insurance for your home or business. We want to see you fully protected and are ready to help those in Houston, TX, every day of the year. 

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!

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.

Make Sure Your Auto Policy’s Replacement Coverage is Adequate for Your Needs

Today’s cars are lasting longer than ever, and while this is a great way to maximize your investment in your vehicle, your insurance policy may not be providing the coverage you need. As your car ages and experiences more wear and tear, it will be worthless money. If you are insuring the present value of your car or truck, you may be in for a rude awakening if something catastrophic happens to your vehicle. The team at Memorial Insurance Agency is here to help our friends and neighbors in the greater Houston, TX area get the coverage they need.

What You Need to Know About Replacement Coverage

When your vehicle is determined to be a total loss, whether due to theft, damage, or collision, your policy may not have the coverage that you need.

  • There may be a wide variance between the present value of your vehicle and its replacement value. If your policy is only adequate for the current value of your car, you may be left paying out-of-pocket to replace it.
  • You may not be able to get any money at all for your totaled car. There are situations when you won’t be able to sell your current vehicle due to extreme damage or theft.
  • The current coverage amount included in your auto policy may not be sufficient for you to purchase the type of vehicle you need. If your car is totaled, your policy may not have the level of protection you need.

Want to find out more about your replacement coverage options in the greater Houston, TX area? Call or stop by the Memorial Insurance Agency today and speak with one of our helpful agents about the policy options that are right for you.

Understanding Your Car Insurance Coverage

In Houston, TX, you are required to carry a certain amount of auto insurance. Do you really know what that entails? Memorial Insurance Agency would like to break it down for you so you can have a better understanding of what having car insurance means for you.

Types of Auto Coverage

You can have different and specific types of coverage. It’s really based on your needs. If you work out of your home and don’t drive very often, you may need only the basic coverage. If you travel every day to work or school, you may need additional coverage.

Liability Insurance Policies

Because we don’t know the future, liability insurance is there to cover any accidents that may arise.

Bodily injury liability — pays the individuals that are injured if you cause or are found to be at fault for an accident.

Property damage liability — is used for the cost of damages related to another person’s property if you cause damage to their property while in control of your vehicle. This can include a house, mailbox, building, or other property that is damaged.

Optional Insurance Coverage for Your Vehicle

Collision coverage — is used in instances where you are involved in a vehicle-to-vehicle or vehicle-to-object crash. It helps to cover the cost of your vehicle’s damages.

Comprehensive coverage — is to be paid if your vehicle is stolen or damaged. The damage cannot be caused by a collision. For example, if someone vandalizes your van or steals it, you could use comprehensive coverage to have your vehicle replaced.

To find out the specifics of what is covered in your policy, you will need to talk with the experts at Memorial Insurance Agency in Houston, TX. We can also help you add coverage or begin a new policy.

Flood Insurance Frequently Asked Questions

If you live in or around Houston, TX and own your home or business you should look into flood insurance for your assets because it is not included in common commercial or homeowner’s insurance policies. At Memorial Insurance Agency we meet people often who do not realize that their homeowner’s insurance does not cover certain situations such as a flood. We are happy to clear up common questions many customers have about flood insurance.

Flood Insurance FAQs

  • I don’t live in an area that is known to flood? Should I still purchase a policy? Yes, even if you are at a lower risk for a flood it can still happen from a variety of causes. Negate any risk to your assets with a simple policy add on. 
  • Does my homeowner’s insurance cover flooding? No, your homeowner’s insurance does not cover flooding in Texas, nor in most states in the US. But there are practices in place that make purchasing this insurance easy and affordable. 
  • What about flooding from within my home such as from a leaky pipe? According to the Texas Water Development Board In Texas, a “flood” is legally defined as a “temporary condition of partial or complete covering of two or more acres of dry land or two or more properties. This can be caused by an overflow of waters, mud-flow, rapid runoff, or collapse of land along a lake.” This means that your leaky pipe damage will not be covered under flood insurance, but may be covered by homeowner’s insurance. 

Contact us at Memorial Insurance Agency to learn more about flood insurance in Houston, TX. We will be happy to answer any questions you have about flood insurance, homeowner’s insurance, and other policies to fully cover your entire life.