When you own a home, home insurance is a given. What you need to ask yourself is “how much home insurance coverage do I really need?” The following tips from Shell Insurance Agency can be helpful in making wise decisions concerning home insurance coverage.  

What Home Insurance Covers

A typical home policy in Deer Park, TX covers the following:

• Your home
• Your belongings
• Injuries or property damage from accidents on your property (liability protection)

Dwelling Coverage

Ideally, your dwelling coverage should be enough to replace your Deer Park, TX home if it’s totally destroyed by fire, tornado, hurricane, or other disasters. By assessing the current value of your home, you’ll have a better idea of how much dwelling coverage to buy. You should also take into account the cost of materials and labor to rebuild your home, garage, and other attached structures.

Personal Property Coverage

This coverage protects your personal property, which includes your clothes, sports gear, electronics, furniture, appliances, and other stuff. It should be enough to replace these goods if they’re stolen, vandalized, or destroyed in a disaster. By making a home inventory, you’ll have a better idea of what you own and the value of your property. This can help you determine how much property coverage to buy.

Liability Coverage

Liability is the coverage that protects you against accidents on your property by paying for a visitor’s medical or property damage costs. It also covers lawsuits if you’re sued for damages. The greater the risk of people having accidents on your property, the more liability coverage you should buy. In fact, we recommend Deer Park, TX homeowners purchase as much liability coverage as they can afford to protect their assets against serious mishaps that may occur in their home or yard.   

To learn more about home insurance coverage, call or visit Shell Insurance Agency.