Lockhart Home Insurance with TGS Insurance: Faster. Better. Cheaper.
How Much is Home Insurance in Lockhart, Texas?
Homeowners in Lockhart, Texas pay $1,701 per year on average for their home insurance policies. At TGS Insurance, homeowners in Texas save $870 on their home insurance policies a year!
What Does Home Insurance in Lockhart, Texas Cover?
Home insurance protects you from several perils and consists of six main parts. You can customize your coverage as needed with policy endorsements depending on your coverage needs. The most popular form of home insurance is a basic HO-3 home insurance policy which protects your home, other structures on your property, personal possessions, and liability claims such as someone becoming injured while visiting your property. Take a closer look at the six components that make up your HO-3 home insurance policy:
Dwelling Coverage
Coverage that protects your home including things that are attached to its structure such as the walls, your roof, the ceiling, etc. You’ll want to make sure that your dwelling coverage is enough to equal the cost of replacing your home based on the current cost of building and not the value of your home.
Other Structures Coverage
Detached garages, sheds, and fences are protected by your HO-3 policy thanks to other structures coverage.
Personal Property Coverage
Your personal property within your home such as electronics, clothing, furniture, etc., are all protected with this coverage. Note: Items such as collectibles that exceed your policy limits may require additional coverage to stay covered.
Loss-Of-Use Coverage
Should you face a loss that would cause your home to become unlivable in the aftermath of a peril until repairs or rebuilding can be done, loss-of-use coverage helps pay for additional living experiences such as hotels and meals while you are displaced from your home.
Personal Liability Coverage
HO-3 home insurance policies offer personal liability coverage that helps protect you should someone become injured while on your property or should you find yourself responsible for restoring someone else’s property after causing damage to it. Your personal liability coverage also helps you pay for legal expenses if you are sued as a result of injury or damage.
Medical Payments Coverage
Protects you from medical bills related to injuries from guests who become injured on your property, regardless of fault. It is important to remember that this coverage will not cover the members of your home, and they will require separate health insurance policies or have to pay out-of-pocket for their medical care.
Average Home Insurance Cost by Coverage Level in Lockhart, Texas
It’s important to compare what you’re currently paying for home insurance against the averages because it can help you determine if you’re either overinsured or underinsured (both of which are not good.) If you’re paying below the average, you run the risk of being underinsured and if you’re paying too much you’re either overinsured or just simply overpaying. Let’s review the average home insurance policy premium by coverage amount in Lockhart, Texas:
| Coverage Amount | Average Policy Premium in Lockhart, Texas |
| $75,000 | $1,086 |
| $150,000 | $1,480 |
| $200,000 | $1,739 |
| $350,000 | $2,497 |
*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 Lockhart, Texas
Home insurance is a great tool for covering the basics, but for homeowners looking to gain additional protection, you’ll need to look at additional policy endorsements that can be added to your home insurance policy to help limit gaps in coverage. Take some time to review some of the most common home insurance policy endorsements available to homeowners in Lockhart, Texas:
- Water Backup Coverage: Backed-up sewers and broken sump pumps can cause costly water damage to your home which is not covered by home nor flood insurance. But by adding water backup coverage to your policy for only $20 to $50 a year on average, you’ll gain coverage for these perils starting at $5,000 and reaching up to $25,000+ depending on your policy needs. The average TGS Insurance customer pays only $25 a year for water backup coverage.
- Equipment Breakdown Coverage: Homeowners gain protection for appliances and systems such as their HVAC units in the event they suffer damage from a mechanical or electrical failure. For only $20-$50 a year, you can protect things such as your oven, air conditioner, water heater, washer, dryer, and more. Policies provide around $50,000 of coverage and require a deductible ranging from $250 to $500.
- Scheduled Personal Property Coverage: While your home insurance policy does protect your personal property, there are limits to how much it will protect. Scheduled personal property coverage is a great endorsement to add that will protect more valuable items including art, antiques, jewelry, precious metals, electronics, luxury articles of clothing, firearms, instruments, etc. The typical cost of this coverage is around 1-2% of the item’s total value.
Why Buy Home Insurance in Lockhart, Texas with TGS Insurance
Here at TGS Insurance, we believe in finding the best rate for our customers without cutting coverages that help you stay protected. By shopping among 35+ top-rated home insurance carriers, we can find the right policy for your needs without cutting your coverage and saving you money.
But your quote is just the beginning. From beginning to end, you’ll be provided with a seamless enrollment for stress-free shopping and next-level customer service. We can help you cancel existing policies, work with your mortgage lender for transitioning, and anything else to ensure a smooth process through and through. We take pride in getting and keeping you insured as easily as possible!
Getting the best rate available is one thing, but continuing this feat can be difficult. With TGS Insurance, we continue to work for you year after year and comparison shop so that you don’t have to worry about rate increases in the future. When it’s time to renew your insurance, we search through our bank of home insurance providers all over again to make sure that you continue to pay the lowest rate on the market, without cutting your coverage options.
Finding the right home insurance policy for homeowners in Lockhart, Texas is made easy when you enroll with TGS Insurance! Our average customer saves $870 a year!
Zip Codes in Lockhart, Texas That We Insure:
- 78644
Don’t see your zip code listed? Not a problem. If your home is in Texas, we’ve got you covered!
