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.

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