There are several different policies which is included in homeowners insurance. To be completely covered, a homeowner needs to have a fire/hazard policy, windstorm, hurricane and hail policy and flood policy.
Fire / Hazard Insurance
This particular policy covers your dwelling and any attached structures, such as garages, decks or fences. The typical policy covers your home when it is damaged by most common perils or causes of loss including fire, lightning, smoke, collapse, damage by vehicles, vandalism and accidental leakage or overflow from plumbing. The fire / hazard policy also includes coverage for other structures, personal property, loss of use, personal liability and medical payments.
Homeowners Insurance, Many Discounts
Windstorm, Hurricane and Hail Insurance
The Texas Windstorm Insurance Association (TWIA) is the state’s insurer for wind, hurricane and hail coverage in the 14 coastal counties and parts of Harris county. TWIA provides coverage for damages caused strictly from wind, hurricane and hail. Any losses resulting from flood and other perils are not covered under this policy.
Standard homeowners or dwelling policies do not cover flood damage. Flood refers to an overflow or accumulation of an expanse of water that submerges land. Flood refers to rising water only and will not be covered by any other policy. The Federal Emergency Management Agency (FEMA) provides flood insurance through the National Flood Insurance Program (NFIP); and because the federal government sets the coverage amounts and the premiums for preferred zones, your premium will be the same no matter who provides it. New flood policies have a 30 day waiting period unless required for a loan closing.
Don't be caught without Flood Insurance
Please note the above referenced policies can be written for homeowners, rental properties, renters, condos and commercial properties. For details, please contact our office and we will be glad to assist you with a policy that best suits your needs.