Best Homeowners Insurance Agencies in Edinburg

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.
  

• Does homeowners' insurance in Edinburg cover a contractor’s overhead and profit?

  In Edinburg, insurance adjusters cover O&P when three or more trades are involved in a rebuild or renovation project—a roofer, electrician, and plumber, for example. While most U.S. courts have ordered insurance companies to pay for O&P, some still refuse to pay their policyholders. It is recommended to provide the insurer with an executed contract that you and your contractor have signed. You may also hire a public adjuster or an attorney for further assistance if your insurance provider refuses to cover O&P.

• Does homeowners' insurance in Edinburg cover termite damage?

  No. Standard homeowners' insurance in Edinburg does not cover termite damage or removal from homes. Regular upkeep is the homeowner's responsibility, which can help prevent termite infestations. However, in the event that the termite attack in your home caused the home to collapse or the termites made their way to an electrical line that caused the fire, then your homeowners' insurance can provide you with coverage.

• How do you determine the deductible for roofing on your homeowners' insurance in Edinburg?

  In Edinburg, the homeowners' insurance deductibles are determined by the insurance policy and then agreed upon by the policyholder and insurance company. When filing a roofing claim, insurance providers subtract the deductible from the total amount of covered damages. If the cost of roof repairs is $10,000 and the deductible is $1,000, your insurance provider will automatically deduct $1,000 and pay you $9,000 instead.

• What is considered a separate structure on a homeowners' insurance policy in Edinburg?

  Separate Structure Coverage in an Edinburg homeowners' insurance policy applies to structures on a property that do not share a roof line with the policyholder's primary residence. These may include a barn, a small woodworking area, or an extra garage. Homeowners' insurance usually includes separate structures as part of its coverage.

• If you move out of your house, will your homeowners' insurance in Edinburg still be in effect?

  If you move out of your house in Edinburg and it remains vacant continuously for 30 to 60 days prior to a homeowners' insurance claim, you will not be able to claim anything. This is usually stated in the vacancy clause of your policy. If you plan on leaving your home for more than 60 days, you may need to purchase a vacant home policy to protect it against unforeseen events.

• 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.