Bastrop Home Insurance with TGS Insurance: Faster. Better. Cheaper.
How Much is Home Insurance in Bastrop, Texas?
Homeowners insurance in Bastrop, TX is about $1,189 per year, which is about $2,240 under the Texas statewide average of $3,429. At TGS Insurance, our average customer saves over $870 per year!
What Does Home Insurance in Bastrop, Texas Cover?
Homeowners insurance offers financial protection for your home and personal belongings from accidents, disasters, and theft. The standard homeowners insurance policy includes six types of coverage that protect your home, personal possessions, and any liability claims. Let’s take a closer look at those six core pieces that make up your standard HO-3 home insurance policy:
Dwelling Coverage
This coverage will protect the physical structure of your home in the event it is damaged or demolished due to a covered peril listed on your policy.
Other Structures Coverage
This coverage covers the costs for structures that are not connected to your home, such as your fence, shed, detached garage, or guest house.
Personal Property Coverage
Personal property coverage protects anything you own, like your clothing, electronics, jewelry, etc.
Loss-Of-Use Coverage
Also referred to as additional living expenses, this coverage provides financial assistance for you to live somewhere else temporarily while your home is being repaired or rebuilt and is not liveable.
Personal Liability Coverage
If you or a member of your household are responsible for a guest’s injury or damage to your neighbor’s personal property, personal liability coverage would cover any legal fees and expenses that you may incur up to a certain limit.
Medical Payments Coverage
This coverage is meant to pay for medical bills for others who are accidentally injured on your property, regardless of who is at fault. This does not apply to members of your household.
Home Insurance by Coverage in Bastrop, Texas
It’s always recommended to compare your home insurance premium against the averages in your area. This will help determine if you’re over or underinsured- neither of which is a good thing. If you’re paying way below the average, you could be underinsured, which means you’d be financially liable for anything that exceeds your policy limits. If your home insurance rate exceeds the average, you’re either overpaying for insurance, or you’re carrying more coverage than you actually need.
| Coverage Amount | Average Annual Premium (incl. Wind Coverage) |
|---|---|
| $75,000 | $1,104 |
| $150,000 | $1,496 |
| $200,000 | $1,754 |
| $350,000 | $2,506 |
*We used the Texas Department of Insurance to calculate premiums. Methodology based on a homeowner with average credit, owns their home, no claims within the past 5 years, age of house is 10 to 34 years made of brick and includes windstorm coverage.
Popular Home Insurance Policy Endorsements in Bastrop, Texas
The standard home insurance policy only covers the basics, but should you be looking to fill any gaps in coverage policy endorsements are a great way to go. Let’s take a look at the most common home insurance endorsements in Bastrop, Texas:
- Water Backup Coverage: Water backup damages are one of the most common accidents in homes and not usually covered in your standard home insurance policy. A water backup endorsement protects your home and personal belongings from a drainage or sewage backup or a broken sump pump. This policy typically ranges from $20 to $50 a year with coverages starting at $5,000. At TGS Insurance, our customers pay about $25 a year for this policy endorsement.
- Equipment Breakdown Coverage: Equipment breakdown coverage protects household appliances and systems if they are damaged due to a mechanical or electrical loss. This policy add-on protects everything from furnaces to refrigerators to home entertainment systems in the event they break down. Equipment breakdown coverage ranges from $20-$50 per year with about $50,000 in coverage, and most insurers have a deductible of $250-$500.
- Scheduled Personal Property Coverage: If you’ve got valuables that exceed the limits of your personal property coverage, like antiques, artwork, firearms, jewelry, etc., you may want to consider scheduled personal property coverage. This policy endorsement picks up where your home insurance policy leaves off, so you’re not left to pick up the pieces and replace your high-value items by yourself. Scheduled personal property coverage can vary but it’s about 1% to 2% of the item’s total value.
Why Buy Home Insurance in Bastrop, Texas with TGS Insurance Agency
At TGS Insurance Agency, we don’t believe our customers should ever have to compromise on coverage just to save money on their home insurance premium. This is why we shop and compare your policy across our suite of 35+ A-rated (or better) carriers to ensure you’re getting the best home insurance policy on the market that’s balanced in both coverage and value.
Our services don’t stop there, our customer care team will take care of everything throughout the whole process for a hassle-free insurance shopping experience. Your dedicated agent will handle the enrollment process, cancel any existing policies, as well as work with your mortgage lender to set up payment for a seamless transition.
The best way you can save on your home insurance is to shop your policy each year. But we know that can be tedious and time-consuming, which is why we do it for you! Every year when it’s time for renewal, your TGS agent will re-shop your policy to make sure you’re still getting the best coverage, at the cheapest rate available.
Shopping for home insurance in Bastrop, Texas has never been easier than with TGS Insurance! Our average customer saves $870 a year, don’t wait to see how much you could be saving!
Zip Codes in Bastrop, Texas That We Insure:
- 78602
Don’t see your zip code listed? Don’t worry, as long as it’s in Texas, we’ve got you covered!
