Stop Overpaying for Your “X” Home Insurance?
The Cost of Mont Belvieu, TX Home Insurance
Homeowners insurance is no one-size-fits-all policy and is customized for each individual home and homeowner. This is why what your neighbor pays will be completely different than what you pay! With that being said, let’s look at the average home insurance premiums:
Your home insurance rate likely differs from the averages, but it doesn’t hurt to compare to see where you stand. If your premium is a lot lower than your city’s average, it could be because you’re underinsured. If you’re paying more, you may be paying for too much coverage or you’re simply overpaying.
Every insurance carrier has its own formula that they use to determine your home insurance policy premium. Each carrier weighs things differently, but there are some common factors that they all look at. Some factors are within your control and you have some influence on, whereas others you can’t really affect. Let’s review what the carrier rating factors include:
- Weather (Ex: is your area prone to hurricanes or tornadoes?)
- Local crime rates
- Your claims history
- The coverages you select
- Your credit score (Higher score = lower premium)
- The year, construction type, and square footage of your home
- If you qualify for any discounts
To save the most on home insurance, it’s best to compare and shop your rates with 5-10 carriers to see who has the best policy and coverage. But, we know this can be a stressful and time-consuming process, so let TGS Insurance do all the heavy lifting for you! We’ll shop your home insurance policy across our suite of 35+ A-rated (or better) carriers to find you a policy that’s packed with coverage at a price that works for you. Shopping for home insurance in Mont Belvieu, TX has never been easier!
Common Additional Home Coverages in Mont Belvieu, TX
Wind/Hail: Mont Belvieu, TX is located just along the Texas coastline which means homeowners are not immune to the devastating wind and hail damage that can occur because of the number of hurricanes, tropical storms, or severe storms that can batter the Texas coastline. Because of the city’s proximity to the coast, some insurance providers will not include any wind/hail coverage in a standard home insurance policy, forcing homeowners to buy a separate, more expensive policy so they can maintain coverage. At TGS Insurance, we want to make getting insured easy and affordable, which is why we automatically write-in a 2% wind/hail deductible into every home insurance policy we issue!
Flood Insurance: Many homeowners are surprised to learn that flood damage is not covered in a standard home insurance policy. To maintain protection against floods, we highly recommend all Mont Belvieu, TX homeowners carry a flood insurance policy to financially guard their homes and personal possessions should a disaster strike. The average flood insurance policy in Texas is $634 per year according to FEMA, but TGS Insurance customers pay an average of $528! We understand that some clients don’t want to pay for additional flood coverage, but the average flood claim is around $43,000- so we think a flood insurance policy is a worthy investment!
Water Back-Up Coverage: Should your home and personal possessions take on damage caused by a clogged sewer line or backed-up drain, you’d be covered with a water back-up policy add-on. This type of policy add-on is incredibly popular in the Mont Belvieu, TX area, and will even cover mold damage caused by water or sewer backup! This policy endorsement can average anywhere between $50-$250 a year (depending on how much coverage you want) with protection starting at $5,000.
Common Home Insurance Questions from Our Customers in Mont Belvieu, TX
Does homeowners insurance cover water damage from rain?
Yes, your homeowners insurance policy will cover water damage from rain if the water entered your home due to a covered peril. Your standard home insurance policy will not cover water damage from rain due to negligence or flooding.
Are appliances considered personal property in homeowners insurance?
Yes, appliances are considered personal property in your standard homeowners insurance policy and will offer you financial protection should they take on damage from a named peril unless specifically excluded.
Does it cost more to insure a rental property?
Yes, it is more expensive to insure a rental property because you need landlord insurance, which is about 20% more a year. Rental properties are deemed riskier to insure because they’re more likely to file a claim compared to a primary residence. It’s worth noting, that both the landlord and the tenant may be financially responsible for any damages.
Zip Codes in Mont Belvieu, TX That We Insure:
Don’t see your zip code listed? Don’t worry, as long as it’s in Texas, we’ve got you covered!