Pharr Home Insurance Just Got A Lot Cheaper!
How Much Does Pharr, TX Homeowners Insurance Cost?
The average cost for homeowners insurance in Pharr, TX is about $2,319 every year. At TGS Insurance our Pharr, TX customers pay an average of $1,261 per year for their home insurance which means they are saving $1,058 every year compared to the city average!
What Does the Standard Pharr, TX Homeowners Insurance Policy Cover?
Homeowners insurance is there to help repair or replace your home and personal items if they get damaged by a covered peril such as theft or fire. It also covers the cost if you are liable for damaging someone’s property or if a guest gets injured at your home, as well as any hotel bills if you’re displaced from your home. Every homeowner needs to know what’s in their home insurance policy so you know exactly what coverages you do and don’t have. The average home insurance policy offers six different types of coverage, let’s review what those are:
Coverage A – Dwelling
Dwelling protection helps cover the physical structure of your home, including any wiring or plumbing! It’s important to remember that your dwelling coverage should be enough to cover your home to its current value.
Coverage B – Other Structures
This type of coverage protects other structures on your property that may be separate from your home, such as a detached garage, shed, or fence.
Coverage C – Personal Property
Personal property protection helps cover the costs to repair or replace your personal items inside and outside your home. Items include appliances, clothing, electronics, furniture, as well as valuables such as artwork, jewelry, and various collectibles. If your high-value items exceed your policy limits, talk to your insurance agent about a supplemental policy to bridge any gaps in coverage.
Coverage D – Loss of Use
Loss of Use coverage pays for any additional living expenses (hotel and food) if your home becomes temporarily uninhabitable due to a named peril in your policy.
Coverage E – Personal Liability
Personal Liability coverage protects you in the event someone files a claim against you because you are at fault for causing bodily injury or property damage.
Coverage F – Medical Payments to Others
This type of coverage provides compensation for medical bills if a guest were to get injured on your property. This coverage does not apply to you or members of your household.
At TGS Insurance Agency, our independent agents are dedicated to working with you to build an insurance policy that is tailored to your specific needs- including helping you determine what level of each type of coverage you need to be fully protected.
Go Beyond Standard Coverage With Common Home Insurance Endorsements in Pharr, TX
Water Backup: Water damage due to a water backup is the second most filed claim in Texas and unfortunately is not covered in your standard home insurance policy. A water backup policy add-on would offer financial coverage for any sewage, drain, or sump pump backups with coverage starting at $5,000 going up to $25,000. This add-on can cost anywhere between $50 to $250 per year depending on how much coverage you want!
Flood Insurance: Flood damage is not covered by your home insurance policy, so if you’re seeking full protection against a flood, a flood insurance policy is a must. The average policy in Texas costs about $634 per year but will vary depending on where you live. At TGS Insurance, we work with both government and private insurers to find you a policy that works best for your needs and budget.
Windstorm and Hail Coverage: Pharr, TX is not too far from the Texas coastline where homeowners are regularly hit with hurricanes, tropical storms, and severe thunderstorms that can cause devastating wind and hail damage to their homes. In fact, wind and hail damage are the two most filed claims in Texas! It’s important for Pharr, TX homeowners to have the proper wind and hail coverage because without it, you could be left paying for the repairs, which average about $10,182. At TGS Insurance, we want you to feel confident you’re protected for anything which is why we automatically write in a 2% wind/hail deductible into every policy we write!
We’re Your “One-Stop-Shop” for Insurance – Bundle Our Services and Save!
Some insurance providers offer perks when you combine your policies with them and can earn major discounts! Do you have a car, motorcycle, boat, or RV? Talk to your agent about what bundling options are available to you so you can start saving even more!
Zip Codes in Pharr, 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!