In 2024, the landscape of homeowners insurance keeps changing and presenting new challenges. In this blog post, we will talk about things you need to know about homeowners insurance in 2024, which will help you make the right decision: 

What Is Exactly Covered By Home Insurance?

Just like in the past, standard home insurance coverage covers a list of these perils: 

• Fire, explosions, wind, hail, and other events;
• Theft and vandalism;
• Falling of trees and other objects;
• Weight of snow, ice, freezing rain, or sleet; 
• Overflowing or rupturing of the AC, plumbing, heating, or sprinkler system. 

Certain things are not protected and covered by standard homeowners insurance; you should know about them. For example, flood damage is not covered by standard insurance, and you need to purchase a separate policy for that. 

More And More Lenders Require Home Insurance

Even though home insurance is not required by law in Texas, more and more mortgage lenders in 2024 require homebuyers to purchase home insurance. That means that if you are thinking of buying a home in 2024, you will have to buy home insurance first to get approved for a loan. 

Home Insurance Will Not Cover Businesses Run From Home

In 2024, more and more people start operating their businesses from home. One of the most common questions and concerns for any business owner is, "Will home insurance cover a business?". In most cases, homeowners insurance does not protect home-based businesses. That is why if you decide to operate a business from home, you should consider buying a separate policy. 

Are you a homeowner living in Deer Park, TX, and looking for home insurance in 2024? Do you need professional assistance in finding the perfect policy? Do not look any further—Shell Insurance Agency is here to help. We serve clients in Deer Park, TX, and other nearby areas. We are here to provide detailed answers to any of your questions and help you find the policy you need.