Homeowners insurance pays to repair or replace your house and personal property if they’ve been damaged or destroyed by an event covered by your policy. These events or occurrences are called “covered losses.”

Most homeowners’ policies in Texas include the following coverages:

Dwelling: pays if your house is damaged or destroyed by a covered loss.

Personal property: pays for the items in your house (such as furniture, clothing, and appliances) are damaged, stolen, or destroyed.

Other structures: pays to repair or rebuild structures not attached to your house, such as detached garages, storage sheds, and fences.

Loss of use: pays your additional living expenses (housing, food, and other essential expenses) if you must temporarily move because of damage to your house from a covered loss. Your policy will pay either a percentage of the amount of your dwelling coverage (typically 10 to 20 percent) or for a specific period after the loss (such as 24 months).

Personal liability: pays to defend you in court against lawsuits and provides coverage if you are found legally responsible for someone else’s injury or property damage.

Medical payments: pays the medical bills of people hurt on your property. It might also pay for some injuries that happen away from your home, such as your dog biting someone at the park. A basic homeowner’s policy pays $500 in medical bills, but you may buy up to $5,000 in medical payments coverage.

There are two types of policies sold in Texas:

All-risk policies (also known as a comprehensive coverage or open perils coverage), which offer you broad protection and cover all causes of loss unless the policy specifically excludes them, and the Named perils policies (also known as specified perils coverage). These policies offer narrower protection than an all-risk policy and cover only the causes of loss specifically specified in the policy.

Come to Hispanos Insurance Agency and we will assist you on selecting the type of policy most recommendable to your case.