Best Homeowners Insurance Agencies in Beaumont

Frequently Asked Questions

• Introduction

  Homeowners' insurance is a type of property insurance used by private property owners to protect their home and property from a range of risks and liabilities. It is also called home insurance.
  

  
  

  All homeowners' insurance policies cover the primary home on a property, meaning that most damage from weather, accidents, vandalism, and other events will be at least partially paid for by the insurance company. Many policies also include coverage for other structures, personal property, and some premises liability.

  
  

  It is not required by law that a homeowner purchases insurance for their property. However, if you have a mortgage, the lender will usually make purchasing a homeowners' policy a mandatory part of the loan process. Since the mortgage lender is essentially selling you the home, they require you to protect the investment.
  

• What types of water damage are not covered by homeowners' insurance in Beaumont?

  Homeowners' insurance in Beaumont does not cover water damage resulting from poor maintenance or negligence. Some of the water damage is caused by prolonged roof leaks, sump pump overflow or failure, groundwater seepage, seasonal and flash flooding, and poorly maintained HVAC or plumbing equipment. However, some insurance companies offer additional policies for water damage related to sump pump failures. They still depend on the location of your home and its features.

• How much insurance do you need for your mobile or manufactured home in Beaumont?

  The amount of insurance you need for your mobile or manufactured home in Beaumont depends on the cost of rebuilding your home and the value of your belongings, such as furniture, appliances, and clothing. It also depends on your assets and the cost of living elsewhere when your home has been damaged or become uninhabitable.

• Is your homeowners' insurance in Beaumont canceled if it has been dropped?

  No. Dropping homeowners' insurance in Beaumont does not mean that it has been canceled. Policyholders must keep in mind that they are two different things. When an insurance company drops your policy, it means that your carrier did not renew your contract at its expiration date. You can still continue your insurance to another provider. However, if your homeowners' insurance has been canceled, this may be because you do not pay or there is an increased risk in your area.

• Does homeowners' insurance pay for your hotels and meals if your home in Beaumont becomes uninhabitable?

  Yes. If your home in Beaumont becomes uninhabitable and you need to live in a hotel temporarily while your home is being repaired, your hotel fees and meals will be covered by your homeowners' insurance. Your additional living expenses coverage will pay for the costs while you are away from your home.

• Can claims history affect your homeowners' insurance application in Beaumont?

  Yes. It is possible for carriers in Beaumont to refuse you a policy if you have a history of claims. Most insurance companies use the Comprehensive Loss Underwriting Exchange to look at whether your house has a claims history. The reports can last for seven years and might affect your application even if you were not the owner before. In some cases, carriers approve insurance applications but charge policyholders with higher rates.

• What determines the price of homeowners insurance premium?

  The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.