Homeowners Insurance in Longview, TX

Waking up to find your home damaged by a windstorm or a break-in can be overwhelming. With homeowners insurance, you may be protected from the financial burden of such unexpected events. This essential policy may cover repair costs, replacements and liability for accidents related to your property.

When Is Homeowners Insurance Required?

Mortgage lenders typically require homeowners insurance as part of the loan agreement. They want assurance that the property, which serves as collateral for the loan, is financially protected against risks like fire, natural disasters or theft. If your mortgage is paid off, it’s still wise to maintain coverage to avoid out-of-pocket expenses for repairs or rebuilding after a loss.

What Does My Policy Cover?

Coverages vary per policy as they are typically customized to the policyholder’s requirements. Some policies have add-ons for high-value items, flood insurance or earthquake coverage. However, standard homeowners insurance policies generally include the following types of coverage:

• Dwelling coverage may protect the structure of your home against financial loss due to covered events like fire, hail and wind.

• Other structures coverage may cover garages, tool sheds and other detached structures on your property. This may also cover fixtures attached to the land, such as fences and swimming pools.

• Personal property coverage may pay for the repair or replacement costs of your belongings, such as clothing, electronics and furniture, after theft or damage.

• Liability protection may provide financial aid if someone is injured on your property or if you cause damage to others’ property.

• Additional living expenses coverage may pay for meals and temporary housing if your home becomes uninhabitable due to a covered loss.

How Are Rates Calculated?

Homeowners insurance rates are influenced by various factors, including the following:

• Location

• Construction materials used

• Coverage limits and amounts

• Claims history

Contact Us

Ready to safeguard your financial well-being? Contact Erick Dodge Insurance today to discuss affordable homeowners insurance options. Our insurance experts are happy to guide you through the process.