Home Insurance
Let VIG help you protect what you value most.
Home Insurance Coverage
The purpose of insurance is to protect you against losses. Few people have the financial resources to rebuild their homes. In addition to protecting your home and possessions, homeowners insurance also provides liability coverage to protect you from financial ruin if someone is injured on your property and sues for damages.
Coverage
You can buy a policy that covers only your house, but most homeowners buy a policy that combines additional coverages:
Dwelling coverage pays for damage to your house
Personal property pays for items in your house or possibly away from your house.
Liability & Medical coverage are available in varying limits.
Take Inventory of Your Property
Many people learn after a fire or storm that they did not have enough personal property coverage. Making a written inventory will help you decide how much insurance you need. It will also simplify claims.
Your inventory should list each major item, its purchase date, value, and serial number. Photograph or videotape each room, including closets, open drawers, storage buildings, and garage. Keep the inventory and receipts for major items in a fireproof place or another location.
Discounts
New Home – If your home is less than 10 years old, you may be eligible for a new home discount.
Make Your Home Safer – You may be eligible for a discount if you have a burglar and fire alarms systems and/or sprinkler systems. Monitored systems will earn a bigger discount than un-monitored systems.
Construction Material – When you buy a home, look for fire-resistant construction, such as brick, masonry or rock.
New Roof Discount
Proximity to Fire Hydrant – You can check the location of the nearest fire department & fire hydrant.
Compare Policies
Not all homeowner’s insurance policies are created equal. There are different policy types which is part of the reason why the pricing can be so different from one insurance carrier to the next. We recommend comparing policy coverage on an independent website: The Office of Public Insurance Counsel http://www.opic.state.tx.us/hoic.php
We recommend you read your policy carefully to know whether it offers replacement cost coverage or actual cash value coverage.
Frequently Asked Questions
What are some things my policy may not cover?
- Flooding
- Earthquakes
- Termites
- Spoilage
- Freezing pipes while your house is unoccupied (unless you turned off the water or heated the building)
- Insects, rats, or mice
- Wind or hail damage to trees and shrubs
- Losses if your house is vacant for 30 days or more
- Wear and tear or maintenance
- Water damage resulting from continuous and repeated seepage
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Limits on cetain types of personal property
What is Replacement cost?
What is Actual Cash Value?
Other Available Policies:
Commerical Insurance
Coverage for losses and damages to commercial property.
Auto Insurance
Auto coverage protects you against different types of losses.
Flood Insurance
Coverage for property or personal property damaged from the sudden & temporary natural accumulation of water.
Questions?
Send us a message and we will get back to you as soon as we can.