Benefits of Home Insurance in Houston, TX

One of the biggest accomplishments in an adult’s life is buying a home. It takes years of strategic saving, making sacrifices, and it’s all worth it once you get that new set of keys and walk into your home. 

As a homeowner in Houston, TX, there are so many things to consider. Quality home insurance shouldn’t be one of them. Modern Risk Management is a team of agents that have years of experience in home insurance, and we are ready to help you find the coverage for you. Whether you’re a first-time homeowner or this is your forever home, ensuring it properly shouldn’t be a headache or a reason for stress. 

Why Do I Need Homeowner’s Insurance?

Above all else, homeowner’s insurance can offer peace of mind that nothing else can. If you have a full-coverage plan, you’ll sleep soundly at night knowing that your property and your belongings are safe and cared for, no matter what happens. 

Homeowner’s insurance protects against the following:

  • Natural disasters and bad weather 
  • If your belongings are damaged or stolen 
  • Liability from third parties on your property 

If you own a home in Houston, TX, you need homeowner’s insurance. The risk is too great to live in a home without it. Additionally, if you worked with a lender to secure a loan to buy a home, insurance is likely required as part of the contract with your lender. 

Don’t let another day go by without making sure your home and your personal property are safe and protected. Talk to Modern Risk Management and we’ll get you set up with the coverage you need without breaking the bank. 

How Home Insurance Keeps You Protected

When you own a home, it’s vital that you keep home insurance on your home to protect yourself in a number of important ways. Homeownership comes with plenty of responsibilities, and keeping this insurance in place is one of them. If you need home insurance to protect yourself and your family, call us today at Modern Risk Management in Houston, TX.

Your House

One of the major protections that home insurance offers is that it protects your home against damage that can happen to it in a covered incident like a disaster. There are many calamities and accidents that can happen that can result in huge repair bills. It may be that the house has to be totally rebuilt. As long as the cause is covered, your home insurance can pay for all of those repairs or even the complete rebuilding of the house. This saves you from potential financial ruin if something serious does cause damage to your house. 

Your Possessions

Like your house, your possessions represent a sizable investment in your life. If an incident were to happen that destroyed your belongings, your home insurance can pay for you to get them replaced. It’s an important type of coverage that can keep you from having to replace everything from your own pocket. It’s important to have this coverage in case the worst should happen and you need to start over with new things. 

Your Liability

Many homeowners don’t think much about their liability issues, but they certainly exist. If you were to have a third party come to your home, and they had an accident there, there may be huge medical bills that result from the accident. And, you are likely to be liable for them. With this coverage, those bills are paid by the policy. 

Get Home Insurance

If you own a home that isn’t insured yet, call us at Modern Risk Management in Houston, TX.

5 Reasons to Purchase Home Insurance

Insuring your home is a smart way of protecting your costly investment. If your home is vandalized or damaged by a natural disaster, home insurance helps you recuperate your losses. At Modern Risk Management, we offer quality home coverage for homeowners in Houston, TX and surrounding communities. Here’s why you should ensure your abode.

Protection against Disaster Damage

Texas is prone to numerous natural disasters that include tropical storms, tornadoes, and wildfires. If your home or goods are damaged or destroyed in a disaster, home insurance helps cover the cost of repairing or replacing your valuable investments, so you don’t lose all that you own.  

Protection against Theft and Vandalism

Home insurance also protects your goods against theft and vandalism. You can choose between actual cash value or replacement cost coverage. Actual cash value coverage covers the cost of replacing your goods minus depreciation. With replacement cost coverage, your insurer will pay for replacing your goods at current costs.  

Personal Liability Protection

Liability protects you financially against accidents that occur on your Houston, TX property. If a friend is hurt in an accident when visiting your home, liability insurance will pay his medical treatment to save you this expense out of pocket. Liability also pays for accidental damage to a visitor’s property.  

Protection from Lawsuit

If a home accident leads to a lawsuit, your liability coverage will help pay for your legal expenses and settlement, if you lose the lawsuit, up to the limits of your policy.

Peace of Mind

Lastly, home insurance gives you peace of mind that you’re protected against unforeseen events that can deplete your financial assets. You don’t have to worry about financial ruin due to disasters, lawsuits, or other catastrophes.

To learn more about home insurance protection or purchase a home policy, contact the insurance specialists at Modern Risk Management. 

Important questions to ask about your home insurance policy

We at Modern Risk Management, know that your home is your most valuable asset. It is critical to know what questions to ask when considering an insurance policy. You will want to make sure you have a comprehensive homeowners’ insurance policy in place. 

What type of disasters does the policy cover?

So many homeowners are surprised to learn that the policy does not cover all disasters. Typically, a homeowners’ policy will cover fire, lightning, windstorm, vandalism, theft, and hail. However, most policies will not cover disasters such as earthquakes or floods. As residents of the Houston, TX area, it is critical to speak with your agent at Modern Risk Management about adding flood coverage to your homeowners’ policy. 

How much personal property coverage should I purchase?

So many people underinsure their personal property because they do not have a solid understanding of how much their belongings are worth. It is critical to take inventory of everything in your home, including furniture, electronics, valuables, and appliances, to come up with an accurate number for your personal property coverage. 

How are insurance claims handled?

Knowing what the process of filing a claim is can be essential to making sure you receive insurance payouts quickly. You should know if you can file online or over the phone. Also, you should understand what documentation might be required of you to file a claim.

Does my policy offer replacement coverage or actual cash value?

If your policy provides replacement cost coverage, the insurer will pay the full cost to rebuild your house in today’s’ market. An actual cash value policy takes into consideration depreciation, which means you could end up paying additional money to rebuild your home.

If you are interested in learning more about homeowners’ insurance, reach out to an agent at Modern Risk Management today. We proudly serve the Houston, TX area.