Four things to keep in mind when making home insurance decisions

You need to thoroughly research your home insurance options in Georgetown, TX before selecting a policy. We can help you find answers to your home insurance questions at StraightEdge Insurance Agency.

The following are four things to keep in mind when making home insurance decisions.

You may need to make home improvements before you’ll be covered.

Depending on the condition of the property you’re insuring, you may find that insurance providers require improvements before they’ll insure you. However, any improvements you need to make could make your home safer for you and other members of your household. 

Your home’s geographical location affects insurance costs.

It’s a good idea to research the home insurance market that’s unique to your area. This will help to give you a good idea of what a home insurance policy should cost in the area.

You can consider quotes you’re given in comparison with average insurance costs in your geographic area to help you evaluate them. 

You may need to invest in added coverage for valuable possessions. 

A typical home insurance policy will have a limit on the amount of coverage it offers for your personal possessions. If you have particularly valuable items in your home like jewelry or collector’s items, you may need to invest in added coverage for your possessions. 

You can choose between numerous coverage types.

There are three common coverage options when it comes to standard home insurance policies. These include an actual cash value, replacement cost, and extend replacement cost coverage. It’s important to research these options thoroughly and choose between them according to your needs. 

Ready to find the home insurance policy you need in Georgetown, TX? Contact us at StraightEdge Insurance Agency to learn more about our policy offerings.

Why should I get home insurance in the Georgetown TX area?

When you own a property in the area of Georgetown, TX, you will want to protect it as well as you can. One great way that anyone can cover and protect their home is by getting a proper insurance policy. There are several reasons why someone should invest and get a home insurance policy here. 

Insurance will be Required by Lender

One key reason why you should get a home insurance policy is that it is going to be required by a home lender. Most people will need to finance the majority of their home purchase with a mortgage. If this is the case for you, it is important that you understand your lender’s insurance requirements. Most of the time, the lenders are going to require that you obtain a full home insurance coverage policy and have your payments escrowed.

Insurance Provides Valuable Coverage

Another advantage that comes when you get a home insurance policy is that it will give you very valuable coverage. A home insurance policy is designed to provide protection for your home, your personal belongings, and even give you liability insurance coverage. This could prove to be very valuable if there is ever a fire, an accident to your home, or another situation that results in a loss for you.

As you are shopping for a home insurance policy in the Georgetown, TX area, you will want to make sure that you speak with someone that you can trust. The team at StraightEdge Insurance Agency can offer you a variety of benefits and solutions that will ensure you receive the best coverage possible. StraightEdge Insurance Agency is able to do this by spending time understanding each of their customers and creating a personalized insurance plan. 

Can an Insurance Company Ask You To Cut Down Trees for Home Insurance?

There are many homes in the Georgetown, TX area where they are covered with trees. Trees are everywhere, but when they get old, when they art to encompass your residence, they can pose quite a risk to your property. A tree falling on your home can be a devastating event that can demolish not only your home but your contents inside. On top of that, it can also pose a big risk to the safety of your family inside. With that said, can an insurance company ask you to cut down trees around your home property?

Trees falling around your home are one of the most common types of home insurance claims homeowners make. When a tree falls on the house, you call up your insurance provider and put in a claim, recovering from those losses. This is a big risk exposure which insurance companies face and they know that. This is why it is common for insurance companies to scan your residence and take a look at the trees around it.

To reduce their risk exposure and make your home one that they feel confident insuring year after year, it is within the right of your insurance company to ask you to cut down certain trees around your property. If you do not comply, it could be a situation where they choose not to renew your policy in the next year, leaving you looking for another insurance carrier.

When you are shopping the market for an insurance company, questions about your property will be commonplace. Having a firm understanding of what you may need to do to get coverage is important. Work with the StraightEdge Insurance Agency today to start your home insurance buying process.

Home Insurance Add Ons To Consider

Home insurance comes in many flavors. As your home is unique so too should your insurance. Never settle for a one-size-fits-all form of home insurance. The kind of coverage you need will be different not only from someone on the other side of town but likely on the other side of your block. So if you live in Georgetown, TX and are shopping around for home insurance, the staff at StraightEdge Insurance Agency can help connect you with the right fit. 

Flood Insurance

Flood insurance protects your home in the event of a flood. Floods can occur both naturally and accidentally. If your home floods after a heavy rain your regular insurance coverage likely won’t cover it. Flood insurance also protects you in the event of a burst pipe. 

Window Insurance

Do you have young children who just love throwing the baseball around in the back yard? Maybe you live by a golf course and there are always stray balls zipping into your property. Your current home insurance may not provide you with the kind of window coverage you need. 

Additional Liability Insurance

Do you live on a corner lot? That means you have more sidewalks for people to slip and fall on. Additional liability insurance helps protect you even further in the event of a lawsuit levied against you.

The Right Coverage For Your Home

The right home insurance coverage for you will not be the same as your neighbors or your friends across town. You have a unique home with different variables to consider, which is why you need to turn to the staff at StraightEdge Insurance Agency in Georgetown, TX for assistance. No matter the kind of home or the kind of add ons you need, StraightEdge is just a phone call away.

What Homeowners’ Insurance Actually Covers

If you think that homeowners’ insurance only protects your Georgetown, TX house itself, StraightEdge Insurance Agency is happy to tell you that you have much more protection than you ever imagined. Read this blog to learn what homeowner’s insurance really covers – home damage, natural and man-made hazards, liability and the other structures on your property.

Yes, this insurance type covers your house itself from damage from named perils in your policy. A named-peril simply refers to reason damage could occur. Examples include fire, tornado, lightning strikes, hail, etc. If hail pummels your roof and causes damage – a hole perhaps – your homeowners’ insurance pays for the repairs.

If water gets inside from the hole in the roof, damaging the items inside the room, your homeowners’ policy covers the damage. You will be paid a flat amount for the items in the home that were damaged. You’ll normally be covered for about 10 percent of the policy’s home coverage.

You are also covered if your mother-in-law falls down the stairs while trying to escape the hail slamming into the home. She breaks her leg, but the HOA policy covers all of her medical costs. If also provides you with liability coverage in case she gets really angry and sues you.

Let’s say the same storm has copious amounts of lightning. Lightning strikes your detached garage, setting it on fire. Your HOA insurance covers that damage, too. The "other structures" clause covers the fences, driveway and other buildings on your property. Your barn gets coverage, too.

Call us at StraightEdge Insurance Agency of Georgetown, TX to learn more about your homeowners’ policy and when you might want to add coverage to it.

What Time Of The Year Is The Best Time To Review Your Home Insurance?

Reviewing your home insurance is of the utmost importance. Every year, your insurance renews automatically, ensuring that you maintain coverage. At StraightEdge Insurance Agency, we recommend making sure that you review your policy at least one month before your policy is set to renew.

When you’re in Georgetown, TX, a lot might be going on with your home. You may decide to build a shed, a pool, a deck, or something else. Whatever it is that you do, it will impact your home insurance. If you don’t specifically add the new addition to your policy, it isn’t going to be covered.

If you experience some kind of loss, such as a fire, the new additions wouldn’t be included. This could cost you thousands of dollars of out-of-pocket expenses. However, when you go to renew your insurance, you can be sure to make mention of what you have done around the house.

It’s not just to add to your policy, however. The cost of insurance can vary from year to year as well as from company to company. There’s no need to pay more for coverage than what is absolutely necessary. Working with an insurance agent will ensure that you get quotes from multiple insurance companies. This way, you can potentially change insurance companies before your existing policy gets renewed.

The good news is that you don’t have to review your home insurance in Georgetown, TX on your own. You can work with an insurance agent who will ask you questions about your home. This includes asking about additions, situations that could earn you discounts, and more.

Contact us at StraightEdge Insurance Agency today so that we can help you with a review of your home insurance. It will ensure that you’re getting the best possible deal on your policy.

 

Starting a Home Child Care Business or Preschool

It’s a common play to add to the household finance for a home-bound partner to think about starting a child care business. After all, moms have a natural experience and knowledge of toddler care, especially if they already raised multiple kids of their own through the first five years. In some cases, some Austin, TX moms are teachers and miss the classroom feel, which the child care business or home preschool replaces to some extent. Either way, however, doing so changes the nature of the home as well as the risk covered by a homeowner insurance policy on the property. 

Remember, consumer insurance assumes the client is acting as a private party, not a business. So, it’s necessary for the homeowner to review a home policy and change it accordingly for the new business about to be started.

Aside from making sure the coverage still applies, it’s also good protection. Many liabilities and risks associated with child care or preschool business are not covered at all by a homeowners insurance policy. And that means the homeowner is entirely exposed to liability as well as losses if sued for injury and damages associated with the business and child’s welfare. 

Further, many jurisdictions have very specific requirements for child care programs and preschools, including insurance and bond requirements specific to a commercial entity. A private homeowners policy is not going to meet these requirements in any fashion.

If you’re in Austin, TX and thinking about using your home to launch a new early child care business, give the folks at StraightEdge Insurance Agency a call first. They will be more than willing to go over your current policy and explain where it won’t meet your business needs. Then they can show you what’s available and how to fit into your coverage package to protect your new venture. Email or call, StraightEdge Insurance Agency can help you get started right!

Home insurance coverage options in Texas

We know how important a home is for many Texans. It is what we depend on to keep our loved ones and us safe. At StraightEdge Insurance Agency, we know that your home is one of the most important investment and we can help you keep your finances protected through home insurance.

Although home insurance is not a legal requirement in Texas, many mortgage companies request it to be part of the finance agreements with homeowners. Home insurance covers the following:

Personal property coverage

This coverage covers all your contents including clothes, shoes, personal effects, and personal documents. It also includes your furniture, appliances, electronics, or any other personal item. Some personal items like money, jewelry, or firearms are covered under different insurance policies.

Physical structure

The whole house structure including the walls, floor, and the roof is covered under the home insurance policy.

Other structures

Other structures that may not be inside your home but are part of the house are also covered. Such compositions include the fence, the stand-alone garage, and the shed.

Liability coverage

When someone is accidentally injured on your property or your neighbors’ property is destroyed by your children while playing, liability coverage helps you pay for all the costs incurred and any reasonable medical fees.

Loss of use or additional living expenses coverage

This covers living expenses including transport, food, temporary shelter, and any other basic need in case of a fire or house damage that makes your home unlivable.

Feel safe and secure in your own home and leave the insurance part to us. Find the solution to all your insurance needs from StraightEdge Insurance Agency conveniently located in Georgetown, TX today. Visit or call us to get a quote or to discuss new policies.

A Guide to Second Home Insurance

Buying a second home either as a rental property or a vacation getaway is just like buying a primary residence. For instance, you will have to make sure that your second home has the right amount of home insurance coverage.

Your second home is likely your most valuable asset hence getting the right insurance coverage is critical. StraightEdge Insurance Agency brings you the most client-friendly second home insurance in Austin, TX. Sometimes, finding comprehensive home insurance for your second home can be difficult since most insurance companies consider it a high-risk property since they are left for more extended periods.

Getting a Second Home Insurance

Buying home insurance for your second property isn’t the same as buying insurance for your primary home. Pay attention to the rate of premiums as you shop around for your second home insurance. Keep in mind that the overall cost of insuring your second home can be a little bit higher than what you are currently paying for your primary home.

Consider installing security systems in your residence if you hope to keep the premiums low. Alternatively, talk to your provider and request a discount if you’re combining your second home policy with another insurance coverage.

What is Covered Under Your Second Home Policy

Typically, the amount of money that you will need to insure your second property will depend on how you are going to use the home. Will you rent it or are you planning to use it as a vacation house? For instance, if you are renting it, then you may need to purchase a comprehensive policy that will cater for the entire cost of replacing it if it’s destroyed beyond repair.

You can also consider getting extra coverage for rent loss which will cover the loss of your rental income in case a catastrophe occurs. You may also need to supplement your second home insurance with a separate flood and earthquake insurance.

Do you own a second home in Austin, TX? Talk to StraightEdge Insurance Agency today for insurance on your second home.

3 Things You Should Know About Home Insurance

More than three-quarters of people who purchase a homeowners’ insurance policy don’t understand its features or ways they can use it to save money on their insurance premiums. Below are the top three things that you should know about a home insurance policy before you sign that contract.

Your Homeowners Insurance Does Not Cover Every Damage That May Occur

Your Texas homeowner’s insurance policy will provide you with a broad range of protections including comprehensive coverage for the structure of your home, loss of use, liability, and loss of personal belongings but it doesn’t cover everything.

Agencies such as StraightEdge Insurance Agency in Georgetown, TX state that they only cover sudden and accidental events. This means that if you have been ignoring a roof leaking for months, then it damages something in the house, such damage won’t be covered. Specific disasters such as floods from groundwater and earthquakes are rarely covered in a standard home policy.

Your Credit Score Can Affect Your Insurance Rates

Your credit score can determine your policy rates which affect your insurance premiums. Having a good credit score saves you a significant amount of money on your home insurance policy in Georgetown, TX. Massachusetts, California, and Maryland are the only states that prohibit policy providers such as StraightEdge Insurance Agency from using your credit score to set your home insurance policy rates and premiums. 

There is Always a Deadline to Making a Claim

Don’t wait too long before you file your claim in the event of damage or disaster. Most of the home insurance policies have a window period of 14 days for reporting an incident and filing your claim. Don’t wait for the damage to worsen hoping that you will get a better compensation.

For more information, reach out to our offices in Georgetown, TX to have your questions answered. Also, try our online rating tool for quotes on home and auto insurance.