Because every state is different, you will want to consider each specific requirement in your state before purchasing insurance. A Texas homeowner is expected to choose from the two types of policies available in the state, which include all-risk policies (comprehensive coverage) and named perils policies (specified perils coverage). All-risk policies offer a broad amount of protection that covers all different types of loss, except causes that are specifically excluded from the plan. Named peril policies offer much less protection in comparison and only cover losses specifically mentioned in the policy. Named peril policies cover every minimum requirement for a Texas homeowner.
Most Texas homeowners insurance policies require coverage for the following five categories:
If you are a Texas homeowner who is looking to purchase home insurance for the first time, be sure to discuss each state requirement with your insurance agent as well as your unique needs and preferences to find a plan that fits all of your needs.
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