Which home insurance coverages should you focus on if you have children?

Which home insurance coverages should you focus on if you have children?

You must have done thorough research when buying your Austin, TX home. Double that if you are getting a home insurance policy where children are involved. Insurance experts at TAB Insurance Agency LLC recommend enquiring about coverages that help keep your home and your children safe. Luckily, you don’t have to dig much because we have listed them below.

Personal liability coverage

One of the most important coverages for a homeowner with children is liability coverage. Lawsuits have become quite common in America and can quickly empty your bank account if you are not careful. If you have teenagers in your home, you may want to increase the coverage limit to cover bodily injury, property damage, and lawsuits resulting in their actions.

Dwelling protection

This coverage rebuilds your home if damaged or destroyed by a fire, hail, lightning, or any other disaster listed in your policy. Most Austin TX policies also cover detached structures like the gazebo, garage, or any other structure.

Personal property coverage

Your furniture, appliances, clothes, and electronics are all covered under the personal belongings coverage. In case of a fire or burglary, your children will get the peace of mind that the policy will replace their items, and they will continue living as before. To get the most out of this coverage, you may need to conduct a home inventory.

Additional living expenses

The last thing you want is your children spending a night out in the cold after a disaster took down your home. Home insurance offers you an opportunity to settle down as fast as possible, even after a terrible incident that rendered you homeless.

As a parent, it’s always prudent to find ways to cut costs by getting the best coverages to safeguard your finances. At TAB Insurance Agency LLC, we are all about finding ways to protect what matters to you the most. Call us for a deal.

What You Need to Know About Home Insurance in the New Year

The New Year is a great time to start thinking about our goals and getting things in order. Your insurance policies are one of the most important ways you can protect your family, your assets, and your investments and one of the most important types of insurance is your home insurance. At TAB Insurance Agency LLC, serving Austin, TX, we want to help you make the best possible insurance choices. The only way you can do that is by having the best insurance information available to you. Keep reading to find out what you need to know about home owner’s insurance in the New Year. 

Why Is Home Owner’s Insurance Important?

In the past home owner’s insurance was very much an optional type of insurance to carry. In today’s economy, however, the homeowner’s insurance is a vital part of a family’s financial security. You have invested a lot of time and money into your house. In addition to this, your house is where you and your family gather, spend time, and make memories. Without insurance, your family could be left vulnerable both financially and emotionally in the event that your home is seriously damaged or lost. Home owner’s insurance helps to protect against this possibility. 

What Are Some Things I Should Consider in the New Year?

This New Year you should take some time to evaluate if your current home owner’s policy is meeting your family’s needs. Have improvements been made to the home which may have increased its value? Are your personal property evaluations accurate or should they be updated? Have you changed anything to your home or property that may have increased liability risks? These are all important questions to ask in order to make sure your policy is sufficient for your needs in the New Year. 

If you would like to learn more about home insurance, please contact our staff at TAB Insurance Agency LLC, serving Austin, TX. 

Three details you don’t want to overlook when you purchase home insurance

Having a good home insurance policy that you can rely on if your home experiences damage is essential for homeowners. We provide health insurance in Austin, TX at TAB Insurance Agency LLC.

If you want to get the best possible home insurance for your needs, make sure you don’t overlook the following three key home insurance policy details. 

The amount of your deductible

The deductible on your policy is an important amount to be aware of. Remember that you’re going to have to pay this amount with your own savings.

The deductible amount on your policy shouldn’t be excessively high. You don’t want to pay your deductible to create a financial burden. Make sure that you have an emergency fund available with at least as much as your deductible amount in it. 

Whether you have a replacement cost or actual cash value policy

Ideally, you want to have a replacement cost policy. This type of policy ensures that your insurance coverage will pay to completely rebuild your home if it is destroyed. 

If you have an actual cash value policy, you may get less back on claims because any depreciation in your home’s value will be factored into the equation. 

Policy limits in comparison to the value of your possessions

The more valuable your home and possessions are, the more coverage you should have. Compare the value of your possessions to the amount of coverage you have. If your home and possessions are worth way more than your coverage limits, you should consider investing in more coverage. 

Would you like to explore the home insurance options available at TAB Insurance Agency LLC? If you’re a homeowner in Austin, TX who’s in need of coverage, let us know. We’ll help you find the right policy for your situation. 

FAQs About Texas Home Insurance

It is normal to have questions when purchasing a home insurance policy. After all, you want to make sure you are protected and each state can be different when it comes to coverage. At TAB Insurance Agency, LLC, we want to make purchasing an insurance policy simple and easy to understand for all of our customers in Frisco, TX and the surrounding areas. Here are some common questions about Texas home insurance.

Frequently Asked Questions About Texas Home Insurance

  • Am I legally required to have home insurance in the state of Texas? No, not by any laws. However, you are likely required to keep a homeowner’s insurance policy to get a mortgage on your home, to begin with. 
  • What does home insurance cover? The answer depends on the specific policy. There are many levels of homeowner’s insurance you can purchase and your policy should have the coverage limits clearly written. You should know that homeowner’s insurance does not cover natural disaster floods, mold, and pest control in most cases. Discuss your options with your insurance company. 
  • How do I know how much home owner’s insurance I need, and what coverage to add? Deciding if you want to add certain coverage like flood or wind is a personal choice, but we can say that additional coverage is typically well priced, easy to pay with your initial coverage, and worthy of the investment. 

Call us at the TAB Insurance Agency, LLC if you are looking to purchase a new home insurance policy in Frisco, TX or if you want to upgrade your current policy. We take pride in protecting our clients with insurance coverage that is easy to purchase, and easy to read. Call today. 

3 Maintenance Tips to Keep Your Texas Roof in Good Condition

Homeowners in Austin and Frisco, TX have to make significant roof repairs from time to time due to the weather and climate in the area. With the temperature and direct sunlight that Texas gets regularly, roof damage can be common and expensive if it is not maintained correctly. At TAB Insurance Agency, LLC, we have three maintenance tips for our customers to help keep their roof in good condition. 

How are your shingles?

It is critical to do an annual roof inspection. Excessive sunlight over time can cause damage to your shingles. Before the weather starts to get too warm, it is best to give your shingles a thorough inspection and replace any that are damaged. Look for cracks or decayed shingles that are serving no protection for your home and have them replaced.

Include a Roof Coating

In order to directly combat the UV rays coming in from the sun daily, you can have a roofing contractor go and complete a roof coating service. This system is applied once every 10 or 15 years and is able to redirect the UV Rays and go directly over your original roof. 

Change your roof

If the asphalt shingles are too hot and continually damaged by the sun, then it may be time to consider a different material for your roof. Choosing something like tile that is much cooler in temperature will also shift the heat from the UV rays from your roof, decreasing the interior temperature of your home and the damage done to your roof. 

Get coverage for your Austin or Frisco, TX home today!

If you need to update your home insurance today, contact our agents at TAB Insurance Agency, LLC for more information about our home insurance options.

How to Know What Add-ons You Need for Your Home Insurance

Are you interested to know what add-ons to your home insurance you should have? There are some considerations you’ll need to make regarding your specific situation. Here are a few extras that likely won’t be a part of your basic home insurance coverage:

  • Mold damage
  • Other structures that are not attached to the house, including fences, sheds, or a separate garage
  • Personal belongings beyond a certain value also are not typically covered by the basic insurance

You’ll need to ask your agent to increase coverage for the above things, so that you won’t be faced with having to pay a monumental amount in the event of a natural disaster, flooding from burst pipes, or some other issue.

Wear and Tear

This is something that the average homeowner should include in their home insurance policy. However, this is an exclusion that most people are not aware of existing. For instance, home insurance will not cover issues of old age, such as damage from leaky pipes or a roof that is in a diminished condition. Even though a warranty may cover roof or plumbing system replacement, the warranty may be expired by the time problems occur. Many insurance policies will take care of paying for the resulting damage.

How to Know When to Add On

Chances are, if you have assets besides your home or you live in an older home, you’ll want some add-ons.

You can discuss what structures, expensive belongings, and general concerns you have for your property with a qualified insurance agent. It’s in your best interest to reach out to TAB Insurance Agency LLC if you’re in the Austin, TX area. A professional can evaluate what you have and how best to proceed in order to supply you with the best home insurance coverage possible.

Decluttering Your Home With Safety in Mind

When you have an excess of stuff in your home, you will likely feel more stressed and be less able to function efficiently and effectively. Not only that, but your home could be less safe. But not to worry, as you can declutter your home with a focus on making your environment safer. Here is how to do that, courtesy of TAB Insurance Agency, LLC serving the Frisco, TX area.

Eliminate tripping hazards

Clutter in your home can put people at increased risk of tripping. For example, toys, books, accessories, and knick-knacks left on the floor can be in the way and result in a serious problem. Remove extra items, and put away the stuff you keep.

Remove stray electrical corded items

Another problem with clutter is the various electrical items that result in cords dangling in risky spots, such as areas where people walk through rooms and hallways. Declutter extra electrical items that you do not need or use.

Haul away stacks of papers

Newspapers, magazines, books, and any other paper items are commonly stacked up throughout a house. But then they can become safety hazards, so declutter them and get them out of your house. Recycle or donate the papers you do not keep.

Get rid of hazardous material

Containers of paint or extra batteries, as well as a whole host of other hazardous materials and substances, are often in the garage, laundry room, basement, and other areas. Safely remove them from your home.

Do not overwhelm yourself by trying to declutter your entire home at once. Instead, focus on one room or area at a time. If you need information about decluttering, safety or home insurance, feel free to contact TAB Insurance Agency, LLC serving the Frisco, TX area.

Frequently Asked Questions About Loss of Use and Your Homeowner’s Insurance Policy

Insurance policies can be complex and there can be a lot of terms in your policy that you may not fully understand. Here at TAB Insurance Agency, LLC, serving the greater Frisco, TX area, we want to help you understand as much about home insurance as we can. If you are looking at your policy and see the terms loss of use, you may have a few questions. Here are a couple of the questions you may have about loss of use and your homeowner’s insurance policy. 

What is Loss of Use?

Following a catastrophic event, you may find yourself unable to reside in your home. Your home may have been destroyed by a fire or flooded by rising river waters. If the event is covered by your homeowner’s insurance policy, loss of use of your home will kick in. Loss of use helps you to cover the costs associated with living out of your home, such as a hotel room and eating at restaurants until your home is habitable again. 

What Should Your Homeowner’s Insurance Policy Say About Loss of Use?

Most homeowner’s policies have limits related to loss of use. Typically, there is a deductible and a policy limit related to how much money the policy will pay for the loss of use. Always carefully read through the policy to see what the deductible is and what the policy limits are. 

Buying the right homeowner’s insurance policy can help to protect you against the unexpected. If you are in the market for a new policy, contact TAB Insurance Agency, LLC, serving the greater Frisco, TX area today. We can help answer your questions and help you to find the right policy for your needs. 

How Does Home Insurance Really Work?

Being a homeowner in Frisco, TX comes with a sense of pride. Thankfully, TAB Insurance Agency, LLC has the basics of home insurance right here to protect your home from the dangers of nature and human intervention. As you continue to read, we will educate you on the benefits and workings of a home insurance policy.

Insurance 101

No matter the type of insurance, it all works through the same idea. You make a monthly payment to the insurance company. If you run into trouble that is covered by the policy you agreed to, then the insurance company will help you pay costs that arise. The amount of money they provide and how they pay it all depends on the details of the contract. The basic idea is that if enough people pay into a collective insurance group, there’s always enough to help the few in need.

Choosing a Policy

This is the real component of home insurance that gives most people pause. How do you know that you have the right policy? Mostly it boils down to two things: satisfying your mortgage lender and maintaining peace of mind. Simply put, banks and lenders won’t sign a loan until you have a policy that satisfies them. Because of that, you can trust that the basics are covered. Weather, accidents and the most common causes of damage will usually have reasonable coverage. As for peace of mind, that depends on you. How much are the things in the house worth to you? Answering that question will help you determine the personal belongings portion of your policy. The last consideration is liability. Any policy is going to have at least some liability coverage. If you want more, consider supplementing it with an umbrella policy.

Handling a Claim

If your home is damaged, you are sued, or something is stolen, then you need to contact your insurance agent. Obviously, you should contact emergency services first. Once there is no immediate danger, talk to your insurance company. They’ll help you handle any paperwork necessary to file a claim, and they’ll walk you through your expectations. Homeowners’ claims are handled much the same as car insurance. They’ll review the case and work with you on the way to make payments where they are do. Sometimes that means writing you a check; other times it means paying contractors directly. It’s all case by case, so let your agent be your guide.

If you have any questions, feel free to contact your TAB Insurance Agency, LLC representative serving Frisco, TX. We’re the experts, and we’ll be happy to help you understand.