Homeowners Insurance FAQs

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Does homeowners insurance cover bedbugs?

Homeowner’s insurance Q&A: Does homeowner’s insurance cover bedbugs?” The national media is aggressively reporting on the wave of bedbug infestations currently ravaging households in the United States. There must not be anything more pressing (like the economy) to talk about. Either way, as more and more people and businesses discover they have been exposed to bedbugs, they...

Homeowner’s insurance Q&A: Does homeowner’s insuran...

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Why Insurance Won’t Cover Some Roof Claims

Agents all across America deal with this situation on a regular basis. There tends to be some confusion on the matter. So let’s talk about some basic insurance principles to get a handle on the topic. Keep in mind; every insurance claim includes individual details and circumstances that make it nearly impossible to render a...

Agents all across America deal with this situation on a regu...

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Top Mortgage Insurance Companies

Mortgage insurance, also known as private mortgage insurance or PMI, is a type of insurance that is required on all residential mortgages with a loan-to-value above 80%. Mortgage insurance protects the lender in cases where homeowners default – it does not protect the homeowner if they start missing monthly payments on their mortgage! Just as...

Mortgage insurance, also known as private mortgage insurance...

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Top Homeowners Insurance Companies in Texas

If you own property, you’re going to need a homeowners insurance policy. Whatever you call it, dwelling coverage, personal property insurance – it boils down to a homeowners policy being absolutely necessary. Needless to say, most homeowners are going to be preoccupied with insurance costs and what types of coverage they’re going to need. Below...

If you own property, you’re going to need a homeowners...

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How are homeowners insurance rates determined?

Insurance Q&A: “How are homeowner’s insurance rates determined?” One would likely guess would be that the answer is similar to how car insurance rates are determined. And you’d be partially correct.  Homeowner’s insurance rates, similar to auto insurance rates, are now subject to our individual insurance scores (for most insurance companies). But don’t fret; if...

Insurance Q&A: “How are homeowner’s insuranc...

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Chinese Drywall Insurance Coverage

The “Chinese drywall” problem is just starting to snowball. According to Independent Agent Magazine, “the property loss from Chinese drywall could exceed every U.S. hurricane except Katrina (2005) and Andrew (1992).” How much is that? The expected property loss settlements could top $20 to $30 billion dollars. An estimated 500 million pounds of tainted drywall...

The “Chinese drywall” problem is just starting to snowba...

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Why is a wind deductible higher than a regular deductible?

A deductible (for property insurance) is the amount of money a policyholder is responsible for paying out of his or her own pocket in the event of a claim. Typically, personal lines policies (home and auto) have a flat rate deductible. You may see a $250, $500 or $1,000 deductible apply to any covered property loss...

A deductible (for property insurance) is the amount of mone...

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What is a loss payee/lienholder?

Unless you can afford to purchase your home or car outright, you’ll need to obtain financing to pay for it (this includes leased vehicles as well). The Bank Is the Loss Payee or Lien holder The bank or financial institution that lent you the money is referred to as a “lien holder” or “loss payee” on...

Unless you can afford to purchase your home or car outright,...

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Is homeowners insurance included in the mortgage?

Insurance Q&A: “Is homeowners insurance included in the mortgage?” In order to answer this question, it’s important to point out the difference between mortgage insurance and homeowners insurance. They may sound like two ways to say the same thing, but they serve completely different functions. One is required on every loan while the other is...

Insurance Q&A: “Is homeowners insurance included in th...

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