Trust TGS Insurance to Protect Your Home and Personal Property
How Much is Hockley Home Insurance?
The average cost of homeowners insurance in Hockley, TX is $1,462 per year. At TGS insurance, our Hockley, TX customers pay around $1,195 which means we are saving Hockley, TX homeowners around $267 each year!
Calculating Premiums for Home Insurance in Hockley,TX
Homeowners insurance is there to protect your home and personal items from damages caused by theft, natural disasters, and named perils. Homeowners insurance also protects you in the event you are liable for an accident on your property and need financial help to cover the damages and medical costs.
Insurance companies factor in different characteristics of your home to determine how much your premium will be. Take a look at what most insurance providers take into consideration before insuring your home.
- Location- The location of your home is a big factor in determining how much your premium will be. Homes that are close to the coast are typically more expensive to insure than homes that are more inland.
- Condition of your home- Typically, insurance providers charge more for homes that are poorly maintained and are older.
- Age and construction of your home- How old your home is and the materials it was made out of impact the price of your premium greatly. Older homes with outdated plumbing, heating, electrical, and roofs tend to be more expensive to insure because they are more costly to repair and replace. Something to consider is to inform your insurance provider about any newly updated repairs on your home to see if you can get more savings on these improvements.
- How much coverage you are seeking- The amount of coverage you want and any add-ons you want to include tend to affect the price of your premiums. Typically, the more coverage, the more money, but at TGS Insurance we strive to find you the most coverage for the lowest price.
- The amount of your deductible- If you opted in to have a higher deductible, then it will lower the cost of your premium.
Each carrier is different and has a different formula and things that they look at when calculating your premium. Some insurance providers care about the square footage of your home whereas others don’t, it truly varies by provider. When calculating your premium it really all comes down to risk. The higher the risk the insurer is taking on to insure your home, the higher the premium could be.
There are a few things you can do to lower your insurance premiums, having a good credit score will help as well as home projects such as installing a security system, motion-sensor lights, or surveillance cameras. Be sure to talk to your insurance agent about what discounts are available to you!
At TGS Insurance, We’ll Find the Right Personalized Insurance Coverage for Hockley Homeowners
It’s important to understand your homeowners insurance policy and to have a basic working knowledge of what coverage you have and what your limits are. Sometimes it can be confusing, which is why we’ve included a short video explaining your policy and how to read it.
Popular Add-On Home Coverages in Your Area:
Flood Insurance: The typical homeowners insurance policy doesn’t cover water damage as the result of a flood and will only cover some losses from rain or an event that’s sudden or accidental, like a burst pipe. Flood insurance covers the cost to restore your home or the actual value of your home and protects your personal belongings such as your clothing, furniture, appliances, and more. The average cost for flood insurance is $634 per year but can vary depending on your home’s location. We can help you find a flood insurance policy that fits all of your needs and budget through our bank of government and private insurers.
Windstorm and Hail Coverage: There are two types of wind damage deductibles: hurricane deductibles that strictly cover damages from hurricanes and wind/hail deductibles, which covers any kind of wind damage. In Texas, windstorm deductibles apply to wind and hail losses from any type of storm, not just named hurricanes or storms. The standard homeowners insurance policy will cover damages from hail and wind but to a certain extent. At TGS Insurance, we want every customer to feel protected during any storm, which is why we automatically include a 2% wind/hail deductible for every policy we write.
Water Backup: Water backup protection is one of the most valuable add-ons Hockley, TX homeowners can purchase. It protects your home and personal items from damages related to sewage and sump pump backups, which are not usually covered by your standard homeowners insurance policy. Homeowners insurance will cover certain types of water backup damages, for example, a burst pipe or wind-related damages that lead rainwater into your home, but if you have sewer backup that causes damage, you’re left with the bill without a water backup add-on. It can cost anywhere between $50-$250 per year depending on how much coverage you’d like, with coverage starting at $5,000.
Common Home Insurance Questions from Our Customers in Hockley
Does homeowners insurance cover tree damage?
Your homeowners insurance policy will cover the costs from tree damage if the damage came from a named peril, such as a storm or lightning.
Are fires covered by home insurance?
Home insurance will cover the losses associated with a fire if the fire was started accidentally from a named peril such as lightning or was deemed unpreventable. You also have loss-of-use in your policy, which will cover the cost of a hotel if your home is deemed unlivable due to a fire.
Does homeowners insurance cover lost jewelry?
If your jewelry is lost or damaged because of theft or fire, then it is typically covered by your homeowners insurance policy. Some common insurance perils for jewelry loss are theft, fire, windstorm, explosions, riots, water damage, and more. Be sure to check your policy for a complete list.
Our Featured Agents Are Ready to Help You With Your Hockley, TX Homeowners Insurance:
Our team of agents work to find you an insurance policy tailored to your needs. We work to find you the lowest price so you don’t have to compromise on coverage. Our agents make it simple when shopping for your insurance policy across 35+ highly-rated providers to find you the best deal in minutes. Our customer service team is ready to assist you every step of the way. Make the switch to TGS Insurance to experience great savings now!