Posted: Fri Aug 10, 2007 5:18 am Post subject: Welcome...
Hi grace mora, welcome to the insurance community.
Coming to your query, shopping for a home insurance policy, like all other types of insurance varies from company to company. Here are a few tips for you…
1. Shop around.
2. You can refer to the TDI's homeowners insurance rate guide.
3. Make sure that you make up your mind prior to setting out for shopping for a policy as to what specific coverages and coverage amounts you need.
4. Any wrong information while applyin for a policy or a price quote can lead to the cancellation of the policy or incorrect quotes.
hi guys,
Here are some more pointers,
* Choosing the highest deductible you can afford also helps.
* Ascertain from your agent whether you are suitable for certain discounts.
* Its necessary to consider some other aspects too while choosing a company like the financial rating, license status, whether the co. has some past records of irregularities, etc. Selling a policy without a license in Texas, is illegal.
andy007
Posted: Fri Aug 10, 2007 7:25 am Post subject: Texas Homeowners Insurance
Hi grace mora,
In Texas the minimum liability coverage that you can purchase is of $ 25,000. But this amount may not suffice to cover your liabilities towards others. You can buy liability coverage up to $1 million by paying extra premium.
You can also add Medical Payment coverage to your policy which will pay for the medical bills if anyone gets hurt in your property. The minimum requirement is $500.
I doubt _Texas_ places a minimum requirement on HO liability insurance... especially since it not even required. I'm betting certain insurance companies have minimum limits but this would probably differ between carriers and again, it not a state requirement.
