Texas Homeowners Insurance
Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Truong Insurance offers
Dallas / Ft. Worth, Texas area homeowners insurance policies that have
flexibility to meet your individual needs and above all, provide you with the
security that comes only from the knowledge that your home is safe.
Insurance for your home is one of the most popular and important forms
of personal insurance and the typical Texas Homeowners Insurance
policy has two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in case of lawsuits
arising from things that happen on your property)
Homeowners insurance is often required by lenders to obtain a mortgage
and nearly everyone, whether you own or lease property, should have the
protection of homeowners insurance.
Texas Homeowners Insurance Policy FAQ
Click on the link below to fill out a secure quote request form for a
Texas Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak with our
Texas Homeowners Insurance agent specialist at 817-226-3510 to
discuss the features.
Personal Liability in a Texas Homeowners Insurance Policy
Personal liability in a Texas homeowners insurance policy is also an important part of
having security from accidents that may occur on your property. We suggest you choose
coverage limits that are not less than those on other liability insurance you own, such as
car insurance.
Click on the link below to fill out a secure quote request form for a Texas Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost.
Or speak with our Texas Homeowners Insurance agent specialist at 817-226-3510 to
discuss the features.
We are your local Arlington, TX insurance agency, offering affordable Texas homeowners
insurance policy premiums in the following Dallas / Ft. Worth area cities and counties: Irving,
Grand Prairie, Mansfield, Kennedale, Everman, Forest Hill, Burleson, Crowley, Benbrook, River
Oaks, White Settlement, Saginaw, Lake Worth, Lakeside, Rendon, Bisbee, Pantego, Westover
Hills, Azle, Edgecliff, Westworth, Pelican Bay, Haslet, Blue Mound, Haltom City, Richland Hills,
Hurst, Watauga, Keller, Southlake, Westlake, Beford, Grapevine, Colleyville, North Richland Hills,
Euless, Cedar Hill, Duncanville, De Soto, Lancaster, Cockrell Hill, Wilmer, Glenn Heights,
Hutchins, Highland Park, University Park, Balch Springs, Mesquite, Seagoville, Rowlett, Sachse,
Wylie, Richardson, Farmers Branch, Coppell, Carrollton, Flower Mound, Lewisville, Addison,
Corinth, Argyle, Plano, Allen, Denton, McKinney, The Colony, Frisco, Tarrant County, Dallas
County, Denton County, Wise County, Collin County, Johnson County, and Ellis County, TX. We
also offer homeowners insurance services throughout the state of Texas, including in Houston,
San Antonio, Austin, and El Paso, TX.
Replacement Cost or Actual Cash Value Option
in Texas Homeowners Insurance Policy
Covered losses under a Texas homeowners insurance policy can be
paid on either a replacement cost basis or on an actual cash value
basis. When "actual cash value" is used, the policy owner is entitled
to the depreciated value of the damaged property. Therefore, the
older the item is, the less money you may receive for it. If you choose
the "replacement cost" coverage, the Texas homeowners insurance
policy will reinburse the amount it costs to replace the property with
something of a similar type and quality at current prices.
Replacement Cost or Actual Cash Value
Texas Homeowners Insurance Policy FAQ
All Risks or Named Perils in Texas Homeowners Insurance Policy
An "All Risks" policy provides the broadest Texas homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded in
the policy. A "Named Perils" policy covers losses that are due to only those perils listed in
the standard Texas Homeowners Insurance policy and typically include fire, hail,
windstorm, and other physical losses.
All Risks or Named Perils
Texas Homeowners Insurance Policy FAQ
Coinsurance Penalty in Texas Homeowners Insurance Policy
If your policy limit is less than 80% of the replacement cost of your home, you will face
a "coinsurance penalty," which means you'll have out-of-pocket expenses to cover
costs beyond the policy deductible you chose. For example purposes we will assume
your home's estimated replacement value (RCV) is $100,000. The co-insurance
clause requires you carry at least $80,000 (80% of your RCV). If you chose to
purchase only a $40,000 Texas Homeowners Insurance policy you would be
underinsured by half. Therefore, in the example the insurance company would pay
one-half of a loss less the policy deductible, so if you suffered a $10,000 covered loss
to your house, condominium or townhouse and had a $500 deductible, your policy
would only pay $4,500.
Coinsurance Penalty
Texas Homeowners Insurance Policy FAQ
Personal Liability
Texas Homeowners Insurance Policy FAQ
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Texas Homeowners Insurance Specialists
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Homeowners
Insurance
Truong Insurance
2111 W. Arkansas Ln. # 207
Arlington, Texas 76013
Tarrant County, TX
(817) 226-3510
Toll Free: 877-252-2789
Fax: (817)226-3511