Homeowners Insurance in Boerne, TX

When purchasing a home, people don’t immediately think of risks like fires or theft. Yet, the financial toll of these incidents can be devastating. This is why having homeowners insurance is essential. Most mortgage lenders require it before finalizing a deal to protect their investment.

What Does My Policy Cover?

Homeowner insurance policies are often customized to suit specific requirements. A standard policy may cover the following:

• The structure of your home

• Additional structures like a detached garage or shed

• Personal belongings

• Liability protection for third parties injured on your property, or if you damage others’ property

• Hotel bills, meals and other temporary living expenses if a covered incident makes your home uninhabitable

What Are Common Exclusions?

Generally, standard home insurance policies don’t cover damage from floods, earthquakes, sinkholes or normal wear and tear. Most policies also exclude damage from pests like termites or rodents, mold growth (unless resulting from a covered peril) and intentional damage. Certain high-value items like art, jewelry or collectibles may also have limited coverage under a standard policy.

How Can I Ensure I’m Properly Covered?

Proper coverage is crucial to avoid paying for repairs or replacements on your own, which can potentially drain your savings. Follow these tips to help ensure adequate coverage:

• Conduct a thorough home inventory and accurately estimate your home’s replacement cost, not just its market value.

• Review your policy annually and update coverage limits to account for home improvements, inflation and any valuable new purchases.

• Consider adding endorsements or riders for specific items that exceed standard coverage limits.

• Understand your area’s specific risks. If you live in a flood zone or earthquake-prone region, purchase separate policies for these perils.

Work with an insurance agent from Diamond Insurance Agency to help identify coverage gaps and ensure your policy aligns with your current needs.

Talk to an Expert

Explore affordable and reliable home insurance options with the experts at Diamond Insurance Agency. Contact us today for a custom policy.