Top agents near you in Texas

A homeowners’ insurance policy in Texas covers a variety of perils, including windstorms, tornadoes, fires, and theft. It can also provide coverage for water damage, mold, and other types of property damage. In Texas, homeowners’ insurance is essential to protect your home and belongings as the state is highly prone to natural disasters.

Auto insurance in Texas comprises of mandatory and optional coverage. A standard policy includes liability coverage, uninsured/ underinsured motorist coverage, personal injury protection, and medical payments. Car drivers can also opt for collision/comprehensive coverage for more protection during accidents.

The state of Texas requires all car owners to fulfill the following minimum insurance requirements:

• Bodily injury liability: $15,000 per person
• Bodily injury liability: $60,000 per accident
• Property damage liability: $25,000 per accident

The average cost of home insurance in Texas is $3341 or about $278 per month. Texas is the fifth most expensive state in the U.S. to insure a home. Hence, it’s best to consult with a local insurance agent to get the right figures for your property.

Commercial insurance is crucial for businesses operating in a disaster-prone state like Texas. Small business owners can get all the standard coverage options under commercial insurance, like general liability insurance, commercial property insurance, professional liability insurance, commercial auto insurance, workers’ compensation insurance, and employees’ practices liability insurance.

Term life insurance, permanent life insurance, whole life insurance, and universal life insurance are the life insurance policies available in Texas.

One of the main reasons is that the state is prone to natural disasters, such as hurricanes and floods. Secondly, the cost of rebuilding can be extremely high, especially in coastal areas. Lastly, Texas has a high rate of insurance fraud.

The average is $1868 per year or $156 per month. Rates are subject to fluctuation, so we recommend that car owners consult with insurance agents or request quotes from carriers to get the exact numbers for their automobiles.

State law in Texas requires insurance companies to respond to all filed claims within 15 days. Generally, it takes 4 to 6 weeks to receive a settlement check. Carriers must make their final settlements by the end of 5 business days after a claim has been approved.

It’s imperative that homeowners in Texas, particularly the ones who live near coastal areas, get the right flood insurance. Texas is a flood-risk zone and standard homeowners’ insurance doesn’t include flood coverage. Almost every major city in Texas is in a high-risk area. Getting additional coverage is important if you live in Texas or if you are planning to move to Texas.

The average cost of flood insurance in Texas is about $634 per year. However, the rates can increase depending on the proximity of your property to flood zones and other factors like size, type of coverage, and deductible amount.