What is Homeowners Insurance?
Protection of your most valued asset.......
Homeowners insurance protects you from financial losses caused by storms, fire,
theft, and other events. You can buy a dwelling policy that covers only the structure of your house. Or, like most Texans who own their homes, you can buy a homeowners policy, which combines five
different types of coverage:
Dwelling - pays for damage to your house and any outbuildings, such as detached garages and storage
sheds.
Personal property - pays when household items, including furniture, clothing and appliances, are
damaged, stolen, or destroyed.
Liability - protects you against financial loss if you are found legally responsible for someone else´s
injury or property damage. A homeowners policy automatically provides $25,000 in coverage. You can buy up to $1 million in coverage for an extra premium.
Medical payments - pays medical bills for people hurt while on your property. It also pays for some
injuries that happen away from your home, such as your dog biting someone. A basic homeowners policy pays $500 in medical bills. You can pay extra and get up to $5,000 in medical payments
coverage.
Loss of use - pays living expenses if your home is too damaged to live in during repairs. The most
common policy pays up to 20 percent of the amount for which your house is insured.
Rates vary widely among different carriers, so it pays to let an experienced agency like
Selected Benefits lead the way!
