The details of any home insurance plan in Lufkin, Texas will vary based on the situation and the specific policy that you purchase. When you are worried about an untimely demise and the impact on your family’s ability to make payments on a mortgage loan, you may wonder if your plan will cover your expenses after the event.

Insurer Differences

When one’s insurance provider offers to make installments on a mortgage, the details and exceptions related to that offer will vary. For example, your mortgage may be paid if your home is no longer livable due to a storm, but it may not pay if you die.

The details related to a specific policy will vary based on the clauses and exceptions that are laid out by the insurance provider. Some insurers will have an option to make short-term payments while your family gets back on their feet while other insurers will not.

Reading the Fine Print

Before you assume that you are covered, take the time to read the fine print on your current policy. Find out if there are any exceptions or clauses that may prevent loved ones from having options to make payments or the duration of time that payments are made if you pass away unexpectedly. In some cases, you may want to purchase additional protection to pay off the house if you die unexpectedly and leave behind a debt for your family to repay.

Leaving behind financial obligations for loved ones is never a peaceful way to pass on, but measures are available to help reduce the burden so that you do not need to worry about loved ones if you are involved in an accident. To learn more about insurance options, contact us to talk to an independent agent today.

Home insurance policy language can be confusing to homeowners. Since all insurance policies include hazards that are covered and exclusions, those losses that are not covered, companies carefully word their documents to meet strict legal requirements.

As your trusted independent agent, we can help you understand both the coverage and exclusions of your home policy. The major provisions of most homeowners coverage apply whether your home is in Lufkin or anywhere else in Texas.

What Most Homeowners Insurance Policies Include

Most home insurance policies cover you for three primary losses.

1. Liability.
2. Hazards that can damage your home.
3. Personal property losses.

Types of Homeowners Insurance

While many policies include some "custom" features, homeowner coverage has six basic types. Language for the liability protection portion is often identical for all types of coverage. However, the property protection and exclusions relate to the type of home you own.

Homeowner protection types are available for single and multi-family homes, apartments, condominiums, cooperatives and other homes. Your independent agent can give you the details on the appropriate policy type for you. We can explain the meaning and differences of the standard codes and types. Ask us to elaborate on the following policy codes.

• HO-1
• HO-2
• HO-3
• HO-4
• HO-6
• HO-8

Along with the declarations page, which describes your basic scope of coverage, and the definitions page, which clarifies many of the specific words that apply to your policy, homeowners insurance policies have two other sections.

Section I

This section includes the details of your protection for your property, both structure(s) and personal. Your policy contains the following information about coverage in this section.

• Your home.
• Other structures, such as garages and sheds.
• Personal property losses.
• Protection for the loss of use of your home.

Section II

This section details your liability coverage. Liability insurance protects you against losses, including injuries suffered by others while on your property. Your protection also includes some level of medical payments for injured parties.

As your independent agent, we can give you detailed explanations of the covered losses and exclusions in your policy. Since your property in Lufkin, Texas, may indicate some different coverage than if it was in Miami, we’ll explain what you need and what you don’t. We’ll give you all the details of your home insurance protection.

While switching to solar heating can be good for your wallet and the environment, you will have to make arrangements to get your solar heater covered in your policy. Home owners should carefully consider the pros and cons of solar heating before they make this big investment.

Benefits of Going Solar

Because Texas is sunnier than many states in the country, solar heating is becoming increasingly popular here. With warm seasons year-round, Lufkin is one of the best places to adopt solar energy. By switching to solar heating, you decrease your use of non-renewable energy sources and utilize energy that is abundant.

Solar energy also has the potential to save you money. When you switch to solar energy, you are no longer at the mercy of spikes in energy prices. Texas offers many voucher programs that may even help you afford the initial costs of installing solar panels on your home.

Costs of Going Solar

While switching to solar has many advantages, it may take time for your investment to pay off. First, installing solar panels to your home will require a large upfront payment, especially if you do not qualify for state or federal assistance.

Second, you will need to obtain a rider in order to receive coverage for your solar heater. The initial increases to your premiums will add to the upfront costs of purchasing a solar heater.

How an Independent Agent Can Help

When you need to add special riders to your policy, it is always a good idea to shop around with different insurance companies. An independent agent carries policies from multiple providers so that you have the best leverage with insurers. Finding the best rates on added coverage can significantly reduce the upfront costs of switching to solar heating.

To find manageable premiums when you add coverage for your solar heater, contact your independent agent today.

Choosing a nominee to name on your home insurance policy may just seem like another formality–another line item to fill in when you’re wading through endless forms, questions, and details. Why stress about your homeowner’s insurance when you just want to sit back and sit your latte?

Lufkin, Texas residents already have their work cut out for them when it comes to finding and signing on the right insurance policy, but skipping over this decision could have a significant impact on your family if something happened to you.

Listing a nominee on your homeowner’s insurance policy guarantees that the person named will receive the benefits of the policy on which you’ve been paying if you die unexpectedly or are no longer able to make decisions regarding your personal property.

By listing a nominee, you ensure that your spouse, children, or significant other will be able to handle your home insurance and file claims to cover damages if necessary. It’s another way to make sure that your family will be taken care of in case the worst happens.

When signing your policy, talk to your independent agent about the exact benefits a nominee would receive and conditions of the insurance turnover. Just as you should carefully read through the coverage details on your policy, you should also carefully read through this section and make decisions now about crucial "what ifs."

Your independent agent will be able to tell you more about why you should list a nominee, how to choose the best beneficiary to include, and the types of information your nominee should receive when you sign for your policy to go into effect.

Selecting the right home insurance for your needs requires some consideration for the protection of personal belongings. Among the options that insurers may offer is the ability to take partial cover for the contents of your house. Understanding what happens can make it easier to determine if it is appropriate for your needs.

Basic Details

Although each company may have different rules, policies and regulations that impact the current plan, partial contents coverage often means that only a portion of your belongings are covered if the house is damaged or items are stolen.

In some cases, you may have a percentage of the price reimbursed while other situations will mean that you have only certain items in the house covered under your policy.

Read The Policy

The specific details of your coverage will vary. Each insurer offers different terms, conditions and clauses that may impact what is covered and what is not. In general, partial coverage means that only a specific portion of your items are protected. In other situations, it might mean that only the big-ticket items or specified items are covered. Other insurers in Lufkin, Texas may offer a set percentage of the replacement cost.

The details of your plan are in the policy. If you are not sure about the language or legal wording, then an independent agent can answer your questions so that you can determine what is covered, what is not and whether you need additional protection.

Replacing your personal belongings is not always a simple task. In some cases, you may discover that it is costly and challenging. Fortunately, partial contents coverage can help reduce the burden when unexpected problems arise. To learn more about protecting your belongings, contact us to speak with an agent.