Bee Cave Home Insurance with TGS Insurance: Faster. Better. Cheaper.
What is Home Insurance and How Does it Work?
Home insurance offers financial protection in the event of a disaster or a covered event causes damages to your home or property. Your insurance policy helps you with paying for repairs and replacements to damages or losses on your home and personal belongings. It also offers protection to other structures on your property, liability protection, loss of use coverage, and medical payments.
Home insurance is customizable and coverages can vary but a basic policy is usually made up of six coverages, including:
Coverage A- Dwelling Coverage:
Protects the physical structure of your home and anything attached to it.
Coverage B- Other Structures Coverage:
Covers any detached structures, such as fences, sheds, or a detached garage.
Coverage C- Personal Property Coverage:
Protects any personal belongings such as clothing, electronics, jewelry, etc., up to a certain limit.
Coverage D- Loss of Use Coverage:
Offers financial compensation for any living expenses such as food and lodging should you be displaced from your home temporarily due to a named policy peril.
Coverage E- Personal Liability Coverage:
Provides coverage to pay for any claims for property damage or bodily injury to others that you or a member of your home are responsible for.
Coverage F- Medical Payments:
Covers small guest injuries if someone were to get injured on your property, regardless of who is at fault, usually up to $5,000.
How Much is Home Insurance in Bee Cave, Texas?
In Bee Cave, Texas, the average cost for homeowners insurance is about $1,464 per year. With TGS Insurance, our Bee Cave, Texas customers pay an average of $ 1,045 per year, which means they are saving an average of $419 each year on homeowners insurance compared to the city average.
How Do Insurance Carriers Calculate Home Insurance Rates in Bee Cave, Texas?
Your home insurance premium is determined by several factors that ultimately try to determine the level of risk an insurer would be taking to insure you. The more of a risk you are, the higher your home premium will be and vice versa. Every insurance provider has their own precise formula to determine this which is why your rates will vary from carrier to carrier. Some common factors that many carriers take into account include:
- Age of home
- Size of home
- Build type of home
- Your credit score
- Your claims history
- Type of coverage needed
- Roof type
- Pets
- Security systems
- Distance to coast
- Neighborhood crime rate
- Common weather events (Ex. hurricanes or tornadoes)
- Attractive nuisances (Ex. pool, trampoline, playground, etc.)
Since rates will differ from carrier to carrier, we recommend shopping at least 5-10 carriers to make sure you are getting the best deal. We understand how time-consuming that can be, which is why you can trust the agents at TGS Insurance! We will compare and shop your home insurance policy for you, so you can have a seamless buying experience. From our bank of over 35 highly-rated insurance providers, we will find you a home insurance policy that is tailored to your needs and most importantly your budget. Your time is important, don’t waste it on shopping for insurance. Get your hassle-free home insurance quote in just 15 seconds or less using your address right now!
Average Cost For Home Insurance in Bee Cave, Texas Based on Coverage Amount
Comparing your home insurance policy with other home policies in your area can help you see how it stacks up to how much your neighbors in Bee Cave, Texas are paying. If you notice that you’re paying more than the average, you could be overcharged for insurance, or you could simply be overinsured and paying for insurance you don’t really need. In contrast, if you notice that you’re paying below the average, you could be underinsured, which means you might have to pay for any losses out of pocket in the event you have to file a claim.
Let’s take a look at what homeowners in Bee Cave, Texas are paying based on coverage amount:
| Coverage Amount | Average Annual Premium (incl. Wind Coverage) |
|---|---|
| $75,000 | $1,001 |
| $150,000 | $1,325 |
| $200,000 | $1,543 |
| $350,000 | $2,177 |
*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.
Most Common Perils in Bee Cave, Texas
Your home insurance policy is there to provide coverage to your home and personal possessions from covered perils, such as break-ins, fires, or hail damage. Your home policy will always list what perils it protects or doesn’t protect (depending on the type of policy), so you can always know what coverages you have protected. The most common home insurance policy, an HO-3, will protect you against the following perils unless specifically excluded:
- Accidental overflow or discharge of water
- Aircraft
- Explosion
- Falling objects
- Fire or lightning
- Freezing
- Power surges
- Riot or civil disturbance
- Smoke
- Sudden or accidental damage to water heater or HVAC
- Theft
- Vandalism or malicious mischief
- Vehicles
- Volcanic eruption
- Weight of ice, sleet, or snow
- Windstorm or hail
Your home policy offers a great deal of protection from all of these events, but you should pay attention to what covered perils specifically affect your area. In Bee Cave, Texas, homeowners are no strangers to the destruction of hail/wind damage, theft, and water damage, so you should double-check your policy to see if it is packed with the protection you need. This will help you avoid being underinsured in the event you have to file a claim for one of those perils. Here are some common add-ons every Bee Cave, Texas homeowner should consider purchasing:
- Windstorm and Hail Coverage: Commonly, gusty storms such as tornadoes, tropical storms, or hurricanes are protected by your home insurance policy. However, depending on where your home is located, windstorm damages can sometimes be excluded because of how frequent they occur. This means homeowners should buy a separate windstorm insurance policy to ensure their home and personal belongings are protected from wind-related damages. With TGS Insurance, we automatically include a 2% wind/hail deductible into every policy we write, so you can be confident knowing your policy protects you for everything.
- Water Damage: The standard home insurance policy will cover water damage that is sudden or accidental, meaning it couldn’t have been prevented. What is not protected is flood damage, gradual water damage, accidental sewer backup or overflow, or damage due to a lack of maintenance. You must be aware of what your water damage policy does and does not cover, so you can purchase the proper endorsements for the protection you need.
- Theft: Bee Cave, Texas has a theft rate of 126 per 100,000 or 1,746 thefts reported in 2019 alone. In the event you, unfortunately, experience a theft, your home insurance policy will protect you under your personal property coverage, but only to a certain limit. If you have personal valuables such as musical instruments, artwork, or jewelry where their value surpasses your policy’s limits, you’ll need to consider purchasing a scheduled personal property endorsement, or another type of extended coverage to ensure your valuables are protected.
A TGS Insurance agent can assist you in securing the coverage you need from some of the most common perils in your area, so you can have peace of mind knowing you are never left out of luck should you need to file a claim
Common Questions About Home Insurance From Customers in Bee Cave, Texas
Will homeowners insurance pay for a new roof?
The typical homeowners insurance policy does cover your roof and the cost to replace it in the event it gets damaged. But you’re only protected if the damage or destruction was due to a sudden or accidental act of nature. Damages from normal wear and tear or a roof that has exceeded its lifespan do not qualify for compensation because it falls under the typical maintenance responsibility of a homeowner.
Are appliances considered personal property in homeowners insurance?
Homeowners insurance generally covers the costs for your home appliances, but different types of coverage may help protect different types of appliances if they are damaged by a covered peril. For example, home appliances that plug into the wall like a refrigerator, oven, or blender are covered by your personal property coverage, while appliances that are built into your homes such as a hot water heater or furnace may be protected by your dwelling coverage.
Are fires covered by home insurance?
The typical homeowners insurance policy helps cover the costs for your home and personal belongings from fire damage. It may help to repair or replace your home and its contents in the event they are damaged by a fire.
Trust The Experts at TGS Insurance For Your Home Insurance Needs
TGS Insurance has been in the business of insuring Texans since 2017 and we’ve rapidly grown into the fastest-growing insurance agency in the state with over 15,000 customers and over $4.27B in insured assets.
What’s our secret?
We don’t believe great home insurance coverage should have to cost a fortune, which is why we individually comparison shop every policy from our bank of over 35 A-rated insurance providers so our customers always have protection tailored to their needs and budget. From start to finish, our agents handle everything from enrollment to payment setup for a hassle-free, buying experience. We don’t stop there, we also monitor your policies upon your renewal to ensure you’re maintaining the same great rate and coverage (or better) every year.
Our agency strives to provide the best rate and coverage to each of our clients, and we think we’ve created the perfect strategy to do so. While we don’t like to brag, we’ll let our reviews from real, authentic customers speak for themselves. We’re rated 4.8 out of 5 stars with over 1,600+ reviews on TrustPilot and 4.5 out of 5 stars with over 215+ reviews on Google.
