Homeowners Insurance in Forth Worth, TX
As a homeowner, you’ve invested significantly in your home and property. However, certain perils and incidents could damage or completely destroy your home and financial stability, regardless of how responsible and diligent you are in mitigating risks. With this in mind, homeowners insurance emerges as a potentially invaluable loss control measure.
What Is Homeowners Insurance?
As its name suggests, homeowners insurance, also known as home insurance, can provide critical financial security for your property, finances and family. By acquiring and maintaining an appropriate policy, you may retain access to crucial funds and resources in response to covered incidents that might otherwise incur devastating out-of-pocket costs.
How Does Home Insurance Work?
Homeowners insurance establishes a binding agreement between you and your insurance company. After acquiring a policy and as long as you continue to pay your regular premiums, your insurance company agrees to provide financial assistance in response to covered incidents up to your coverage limits and minus any deductibles.
What Does Homeowners Insurance Cover?
Homeowners insurance policies are often highly customizable and their details, capabilities and limitations may vary in accordance with your needs, preferences and budget. In many cases, your insurance may provide coverage for the following:
- Structural damage—This coverage includes your primary residence and detached buildings on your property, including garages, sheds and guest houses.
- Possession losses—If a covered incident damages or destroys your belongings, such as furniture and electronics, this part of your insurance may help you recoup losses.
- Personal liability—This feature of home insurance may insulate you from financial consequences if you or another insured (e.g., spouses, children and pets) are at fault for third-party losses.
- Additional living expenses—This coverage may provide financial assistance if you are forced to temporarily vacate your home, including for hotel accommodations, restaurant meals and storage.
Is Home Insurance Required?
While homeowners insurance is typically not required by law, you may be obligated to carry coverage in other situations. For example, if you’ve purchased your home using a mortgage, most lenders require you to maintain a home insurance policy throughout the duration of your loan.
Get the Right Coverage
At Curlee Insurance Agency, we have extensive experience helping homeowners, families and individuals in the Fort Worth area assess and address their coverage needs. Contact us today to get a personalized quote or learn more.