You have found the perfect home to raise a family. However, new homeowners have failed to consider the challenges of purchasing a home insurance policy. Let InsureUS in Cypress, TX assist with researching and creating a policy that protects your new home. Their expertise will help to better educate you on the coverage before purchasing home insurance.
What is Home Insurance?
Home insurance protects the home’s interior and exterior contents that could be damaged by fire or a natural disaster. The home’s structure will be covered for repairs if damaged during a storm, fire, or other catastrophes. Also, your personal property will be replaced if stolen or vandalized. Finally, home insurance will pay for a resident or guest’s medical expenses if they’re injured on the property.
Types of Additional Home Coverage
A standard home insurance policy will cover all the necessities. And it is wise to choose additional home coverage that offers more protection against any disaster.
Dwelling coverage is a popular choice among long-time homeowners, as it pays for all damage to detached structures (garage, barn, or shed) on the property caused by torrential flooding and tornados. Most insurance providers require separate coverage for buildings not attached to the home.
Liability coverage protects a homeowner from financial risk after being sued by a guest for injuries sustained in their home or on the property. The coverage provided will pay for all legal expenses associated with defending yourself. And if you are ruled liable for the injuries sustained, liability coverage will cover all medical bills (x-rays, treatment, and extended hospital stay).
If you’re a first-time homeowner, you need to get better educated on the coverage associated with home insurance before purchasing a policy. Call and speak with an associate with InsureUS in Cypress, TX, as they have the experience to answer all your questions about the coverage provided. Call and schedule an appointment today.
Water damage is one of the many risks most home insurance policies protect against. However, there are terms and conditions associated with insurance policies regarding water damage in your home. Anyone interested in finding reliable insurance policies to protect against water damage related to certain events can contact InsureUS, probably serving the residents in and around the Cypress, TX, area.
Home Insurance Protection
Your home insurance policy will generally cover water damage associated with various events. For example, you may be covered if your home experiences flooding due to a plumbing event. However, if your plumbing is in poor repair, you may not be able to file a claim because it’s a homeowner’s responsibility to keep the home in good repair to be covered. Additionally, if flooding results from a natural disaster, you’ll likely need flood insurance rather than home insurance to get the coverage you need.
If you need to find out which risks are covered by a home insurance policy, you can find out by speaking to one of our knowledgeable insurance agents. We can help answer questions about specific policies and ensure each customer understands the terms and conditions. We aim to help our customers be educated and confident about their policy selections.
Find Out More
If you would like to start shopping for the right insurance policy for your specific needs, let us help. The experts at InsureUS are ready to assist the residents of Cypress, TX, with getting coverage that offers them security. Call or stop by our office today to schedule a consultation or to get answers to questions. Our goal is to provide exceptional support and insurance services to protect against losses and risks against your home and property.
In Cypress, TX, people commonly rent a home as often as they own one, so we offer renter’s insurance to protect them at InsureUS. Your renter’s insurance policy from us covers your personal belongings in your home and those you store offsite.
Some Items Need Added Protection
You may want to add a rider to your renter’s policy to cover high-dollar items. Placing something like a mountain bike or road bike in storage during winter puts it out of the way, and while it’s not on your mind, you should know that renter’s insurance has a cap on the reimbursement you can receive for damaged or stolen items. Typically, these policies cover $2,500 of personal belongings. That may not cover your bikes or hobby equipment that you store offsite.
Dangers of Supplementing with a Storage Facility’s Renter’s Policy
Perhaps the storage company you use offers its own renter’s insurance policy. Beware of its limits. Most of these policies limit your coverage to the time your items spend inside the storage unit. That means it doesn’t cover your items while in transit to the unit or from it, even when the items reach the storage facility. These very limited policies differ from the coverage you obtain from InsureUS, which offers comprehensive renter’s policies.
Contact Us to Purchase Renter’s Insurance
Contact InsureUS today to purchase or update your renter’s insurance policy. Our renter’s policies cover your liability and personal belonging, and you can add loss of use coverage. Let us help you protect your Cypress, TX, home because it remains the place you call home whether you rent or own your domicile.
Renters’ insurance is a crucial safety net for anyone who rents their home, whether it’s a house, apartment, condo, or other types of rental property. This kind of insurance protects you from any damage to your property that might result from a fire, theft, vandalism, or another type of accident.
But what exactly does renters insurance cover? Let’s take a look at some of the most common types of coverage included in this type of policy:
- Personal property coverage. If your personal belongings are damaged or stolen due to an accident covered by your renter’s insurance policy, this coverage will help pay for the cost of replacing them. For example, if your laptop is stolen, your policy will help cover the cost of buying a new one.
- Liability coverage. If someone is injured due to something you do or don’t do and sues you for damages, this type of coverage can help cover any related legal fees. For example, suppose a guest slips and falls on your kitchen floor because it was wet from washing dishes and decides to sue you for medical bills. In that case, liability coverage can help pay the costs associated with that lawsuit.
- Loss of use coverage. This type of coverage helps pay for any additional living expenses you incur as the result of an accident covered by your renter’s insurance policy—like temporary housing or meals at restaurants. At the same time, your rental unit is being repaired.
If you have any questions about renters insurance and whether or not it might be a good fit for you, call InsureUS today. We proudly serve the Cypress, TX area.
Buying a home is something you may have been dreaming of for years. Now that it has happened, you may realize all the risks that your home and you now face. Having the right home insurance can help you to survive many hazards but, unfortunately, not all of them. At InsureUS in Cypress, TX, we bring our customers our years of experience and some of the top carriers in the business.
Part of being a homeowner is maintaining your home. Maintenance means a lot of different things. It is a lot more than just making sure your lawn gets mowed. It means making sure when your roof has reached its maximum age, you replace it before your ceilings and walls get damaged. It means treating your home for pests before your home gets damaged. It means being proactive about repairs. If you don’t maintain your home, the insurance company can and probably will refuse to pay for preventable damage.
When the earth starts to move, it isn’t good for your home. Traditional home insurance doesn’t cover earthquakes, sinkholes, or landslides. If you live in an area where this is an issue, you should be able to purchase a separate policy or a rider for your home insurance to provide this coverage.
Floods cause an incredible amount of damage every year, and the sad fact is home insurance doesn’t cover surface water flooding. However, you can purchase flood insurance from the NFIP to provide the protection you need.
This is just a partial list of the exclusions on home insurance policies. You should discuss what the others are with your independent insurance agent.
Contact InsureUS in Cypress, TX with any questions you may have about your home insurance coverage and the things you need to know about exclusions.
The summer season is here already, and your mind is probably on switching summer clothes with winter clothes, planning vacations, hosting barbecues, and lounging at the beach while soaking your skin under the sun. Good plans, but have you thought about your home? Accidents? Damages? Burglaries? Well, summer weather can be pretty extreme, especially in Cypress, TX. Is your home ready for the heat? To help you get your home in tip-top shape, InsureUS shares four tips for preparing your home.
Clean drains and gutters
Cleaning drains and gutters are the last things anyone would want to do before summer. But, ironically, it’s one of the most important tasks that should top your list as it involves clearing the debris and mud that can clog the drains. If ignored, the result is a leaking wall or roof. Gutter cleaning helps lower water damage risks.
Check your air conditioner
The spring season is often associated with favorable temperatures, and you may not need to use the AC. However, you may want to use this opportunity to tune up your air conditioner and ensure everything is working perfectly before the temperatures shoot up. Clean and replace the air filters for efficient functioning. When the air conditioner works well, a considerable amount of power is saved.
Inspect your yard
Your yard will be a valuable space, especially if you enjoy outdoor activities. So it’s probably time you revisited your landscaping ideas. Most of the winter trees may have been damaged during the storms, but they can be saved. Go through your to-do list before calling a landscaper or arborist to inspect your trees.
Update your home insurance
Don’t forget to check your home insurance. Remember you will be home for a very long time. So, make sure you have enough coverage to protect you against lawsuits and other accidents.
Looking to buy home insurance in Cypress, TX but not sure where to begin? Worry no more because you’re in the right place. InsureUS can help you find a policy that meets your style, needs, and budget. Call us today.
Your home–one of your biggest lifetime investments–must be protected from the dangers of nature and the world.
What if a volcano erupts, a satellite drops, the wind blows, lightning strikes, or fire burns? For those threats, you need insurance, and you need the right amount.
The biggest catastrophe would be not having enough coverage.
Consider these three types of coverage:
- Standard dwelling coverage.
This is based on the cost to rebuild your house, based on construction and material costs in your area. Your homeowner’s insurance company can give you an estimate and might even update your coverage for you to reflect changing costs of labor and materials. Note that standard coverage does not cover everything. It almost certainly does not cover floods or earthquakes. Or nuclear war.
- Extended replacement cost.
Not offered by every company, extended coverage can absorb price increases. If a tornado tears through your town, labor and materials could be scarce and costs could rise. With standard dwelling coverage, you are insured to the limits of your policy but no more. With extended coverage, even if costs rise, your investment will be protected.
- Guaranteed replacement cost.
This is the best coverage because it pays to rebuild your house no matter how much costs have gone up. You might need this in a high-value, historical home, for example. You might need it if your home has special features that would be difficult and expensive to replace.
At this time of year, everyone else is going over the river and through the woods to grandma’s house, but a brave few are headed into the real estate market. Is that a smart move?
Depends on how you look at it. There is no doubt that the real estate market slows down at the end of October. According to the National Association of Realtors, sales of existing homes drop about 30 percent between December and January. Home sales traditionally do not pick up until the end of January.
For sellers, the holidays still can be profitable. Holiday home buyers are usually serious about buying quickly. The buyers are hitting open houses while the browsers are off at the mall. Plus, for sellers, there is no better time to show a house than the holidays, when a tasteful Christmas tree, wreath and sparkling lights can make a house feel like your future home.
For buyers, it’s a great time too, because with less competition from others, buyers have a good negotiating position with sellers who want to move quickly. If a buyer finds a house during the holidays, it is possible that he or she will be able to come to an agreement with the seller to accommodate holiday plans.
If you are selling your home during the holidays, take this advice from home staging experts:
- Stick with simplicity. Take down your personal pictures and collections. Put up simple Christmas decorations, including a tree, wreath and a few strands of lights outside. Put a few nicely wrapped presents under your tree.
- Build a fire in the fireplace. Play holiday music softly. Put potted evergreens in place of potted flowers.
The millennial generation has grown up and they want to buy homes.
Every year for the next 10 years, millions of millennials will hit home buying age. The average age of a millennial is 32. The average age for home buying is 31, according to ETF Trends.
No wonder there is a record boom in buyers and potential buyers.
Available housing down
While there are lots of buyers, there are fewer homes for sale. That adds up to a supply and demand formula that puts sellers comfortably seated in the parlor, taking offers.
Half of the buyers who purchased a home in the last three months were forced into a bidding war, according to internet real estate company Redfin, as the average home sale price spiked 6 percent. That equals 100 straight months of price gains, according to the National Association of Realtors.
It isn’t just millennials who are buying these days, either. A new wave of city dwellers from cities like New York are looking to the suburbs to escape violence and lockdowns. In July, there was a 44 percent increase in suburban home sales and in some cases, homes sold for prices that were as much as 21 percent over list, according to The New York Times.
With this reality in mind, homebuilders are busy. New home starts jumped to their highest level since 2006. Housing starts increased 17 percent in June. Nearly six in 10 homebuilders have raised their prices, according to CNBC.
More houses built
Privately-owned housing starts in July zoomed up 22.6 percent above estimates and 9.4 percent above July 2019, according to the Census Bureau.
The number of completed homes was up 3.6 percent above estimates in July. That was 1.7 percent higher than the June 2019 rate.
COVID-19 lockdowns impacted housing starts in March, which were at their highest level since 2006. But starts have rebounded.
For home investors, the robust nature of the housing market should offer some safety for the next few years, according to Stephen McBride of ETF Trends.
Life comes at you fast. In your youth at the peak of your health, in middle age, at the height of responsibility, what if an accident or illness took you off the family map? We all know it can happen and few think it will.
As a matter of fact, about 40 percent of people have no life insurance at all. Of the people with life insurance, about half are underinsured.
But the cold fact remains: What happens to your family if you die? Will they be able to afford the house? How will their lifestyle change? Who will support the family? How will they support the family?
Life insurance answers many of those questions — and it answers them affordably.
The least expensive form of life insurance — term insurance — is very inexpensive. A healthy 30-year-old can get $250,000 of insurance for about $15 per month. The earlier you buy term insurance, the less expensive it is and many policies don’t even require a health check.
Many people have life coverage at work, but this should be reviewed because it may not be enough. Primary breadwinners should have coverage equal to six to 10 times their annual incomes. Term policies usually cover only your working life.
Whole life is another kind of life insurance. Unlike term policies, it covers you for life, as long as you make payments. It also has the benefit of building cash value. Although most experts say it shouldn’t be considered an investment, if you get a big policy at a young enough age, and keep it until retirement, you could have a nice nest egg to tap into at retirement. Whole life policies can also be cashed in by your Power of Attorney for some part of the face value if you enter a nursing home, for example. It could be considered a small inheritance. Whole life policies usually require a medical exam and are unlikely to cover smokers.
Many websites compare costs of life insurance options.