Car Insurance: What Does It Cover?

by Administrator 17. May 2018 06:27

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Renters Insurance: What To Know

by Administrator 27. April 2018 12:11

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Coverage Options For Boat Insurance

by Administrator 23. April 2018 12:09

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Beginners Guide To Home Insurance

by Administrator 19. April 2018 07:25

Our home is one of the most valuable asset that we own. Buying a home involves a lot of money and emotions. With so much at stake, it is wise to get your home and belongings insured against losses that might arise due to natural calamities, thefts, fire etc. Even mortgage companies prefer buyers who have insurance coverage on their homes.

Why Buy Home Insurance?

Home insurance is bought for property coverage, liability coverage and for mortgage lenders. It covers your home’s physical structure and personal property in it. It covers your personal legal responsibility for a third party who could have been injured or killed on your property premises. It is also easier for you to get a loan on the basis of home insurance.

What Does A Home Insurance Policy Cover?

The following perils are generally covered:

  • Theft/vandalism
  • Loss due to civil unrest
  • Fire & smoke
  • Windstorms, thunderstorms, hail etc.

What Is Not Covered?

The following perils are usually not included in the basic coverage:

  • Floods
  • Day to day wear and tear
  • Deliberate damage

Kinds Of Coverages

Shawn Camp Insurance Agency, Inc. in Killeen, TX offers a number of coverage options to their clients such as –

  • Dwelling – It provides for any damage to the house.
  • Personal Property – The coverage option covers all the valuable possessions inside the house at the time when an uncertain event took place.
  • Other Structures – It protects all the other structures attached to the property such as garage, shed etc.
  • Loss Of Use – The living expenses which the person pays for while their house is being repaired is provided for under this coverage inclusion.
  • Personal Liability – It protects you from the costs that arise due to a legal lawsuit filed by a person who got injured on your property premises.
  • Medical Payments – It provides for the medical bills that arise when someone suffers an injury on your property.

Determination Of Premium

Your premium will be determined by the amount of insurance coverage you buy. It will also depend on the material of your house (brick or wood), its age and condition, whether you own high risk outdoor amenities etc. You can reduce the amount of premium with strategies such as:

  • A good credit history
  • Maintaining a single insurer
  • Bundling your insurance
  • Using safety devices at home
  • Improving your home’s disaster resistance
  • Availing multiple policy discounts

We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.


Homeowners Insurance Myths

by Administrator 28. March 2018 09:19

There are many myths and misconceptions around the topic of home insurance. These myths if not cleared can result in unwanted costs in the form of overpaying for policies and not getting the right coverage. Buying a home insurance policy is the best way of protecting your home from natural disasters and factors like theft, floods etc. The following is a list of common myths surrounding home insurance.

  1. Home Insurance Is Limited To My House Only - A home insurance policy covers your house, its contents, living expenses for an inhabitable house and personal liability exposures.
  2. Covers The Market Value Of A House - A home insurance covers the rebuilding/replacement value of a house and not its market value.
  3. Insurance For Older And Inexpensive Homes Is Cheaper - The home insurance of older homes is in fact more expensive as the chances of certain home systems to fail are higher.
  4. Home Insurance Covers Damage By Termites And Insects - Most home insurance policies generally do not cover damages by termites and insects. You will have to inquire whether the policy you have chosen covers these factors.
  5. A Home Insurance Covers The Costs Of Intentional Damage - No, it does not cover costs that ensue due to injuries or damages caused by an act which you initiated, such as a fight with someone. It only covers damage due to accidental and unintentional injury caused to someone on your property.
  6. Home Insurance Covers Costs On Upgrading My House - A home insurance does not cover any cost associated with maintaining your house. It also does not cover damages caused to the house due to poor maintenance such as mold. It can only compensate you for expenses incurred in rebuilding it in case of damage due to an unforeseen event such as fire or theft.
  7. Creating An Inventory List Of Your Possessions Is A Waste Of Time  - Homeowners insurance provides for personal property insurance and covers for the possessions within the house. So, it is important to create an inventory of all the valuable possessions in your home so that you can file a claim in case a loss arises.

For affordable home insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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Things Every Homeowner Should Know About Home Insurance

by Administrator 24. March 2018 10:52


How To Choose Your Motorcycle Insurance Wisely

by Administrator 16. March 2018 13:47

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Coverage Included In Homeowner's Insurance

by Administrator 27. February 2018 07:00

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Factors Affecting Your Home Insurance Premium

by Administrator 24. February 2018 07:13

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Why Is Home Insurance Important

by Administrator 21. February 2018 08:39

A type of property insurance, home insurance covers your house from accidents, damages and theft. They are usually bought for a stipulated tenure at the end of which the tenure has to be renewed.  This could be anywhere from 1 year to 5 years. Considering that a house is one of the most treasured and costliest asset for many, getting a home insurance is crucial. Following are some reasons for which insuring a home is important:

• Protection From Liabilities

A home insurance policy will protect you from liabilities resulting from personal injuries, damage to the property of guests or third parties who might have been in the house. This type of insurance also covers you and your family members from losses and damages.

• Temporary Living Expenses

If the insured house requires renovation or reconstruction due to an unforeseen damage to the structure, you might have to move out to another house for some time. Certain home insurance policies will cover any expenses that you incur while doing so. Your expenses in the form of rent you pay will be covered by the insurance company until the former house is made livable again.

• Coverage Against Natural And Man-Made Calamities

Home insurance policies provide coverage against losses caused by natural calamities e.g. floods, storms, earthquakes etc. They also cover losses due to man-made acts such as theft, vandalism, riots etc. In case of such events, the amount of compensation from an insurance company helps you recover from the loss and even rebuild your house.

• Compensation For Loss Or Damage To Valuable Assets And Precious Belongings
If you have valuable and expensive belongings such as important documents, precious jewelry, furniture, clothing etc., a home insurance also covers losses or damages against them. The only pre-condition is that at the time of damage, the articles should have been in the insured house. Items like artwork, antiques and furs might require a rider on the policy to be included in the coverage.

• Bank Preference
Most of the banks prefer those with home insurance for sanctioning loans. For some banks, it is a major eligibility criterion. So if you want to figure high on the priority list of banks for a loan, getting your home insured is a sure way to do so.

• Mortgage Contracts
If you are a home owner with a mortgage on your home, it is better to take a home insurance policy. This is because the lender has a monetary stake in the home. Getting the home insured protects you and the lender form any losses and liabilities.

For affordable home insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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