Best Homeowners Insurance Agencies in Mesquite

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.
  

• Is homeowners' insurance required in Mesquite?

  No, homeowners' insurance is not usually required by state law. If you are thinking about getting a mortgage to buy a home in Mesquite or elsewhere in Texas, keep in mind that the lending company has the legal right to require the purchase of an insurance policy that covers the outstanding loan amount until all payments have been made. If your home is in a flood-prone area, your lender may also require you to obtain flood insurance from the National Flood Insurance Program.

• What are the different kinds of homeowners' insurance available in Mesquite?

  There are various types of Mesquite homeowners insurance plans available, depending on the type of home you own and the coverage you require. Most people have access to a HO-3 policy, which is a type of home insurance policy. If you need more protection, the HO-5 policy may be a better fit for you. Regardless of the circumstances, it is critical to consult with an agent to determine the best protection option for you.

• Is there a deadline for homeowners insurance companies in Mesquite to respond to a claim?

  Yes, homeowners' insurance companies in Mesquite have deadlines to meet. They must notify you within 15 days of receiving your claim. An adjuster will assess the damage, and the company must accept or decline your claim within 15 business days of receiving all necessary information. If your claim is denied, they must provide a written explanation. If your claim is accepted, they must send you a check within five business days. If they do not, you have the right to sue for the claim amount plus interest and legal fees.

• What are the rights of homeowners' insurance policyholders in Mesquite?

  Insurance companies in Mesquite are not allowed to discriminate against people because of their race, color, religion, or national origin. Furthermore, they are not permitted to deny coverage or charge higher homeowners' insurance premiums based on age, gender, marital status, geographic location, or disability unless there is evidence that the individual poses a greater risk than others. The agency cannot also discriminate or raise fees without evidence of increased risk. Finally, insurance companies are prohibited from denying coverage or charging higher premiums based solely on an individual's credit score.

• What types of things are not covered by Mesquite homeowners' insurance?

  Flood damage, nuclear explosions, war or terrorism-related damage, and earthquakes are typically excluded from policies. This is why, when looking for Mesquite homeowners' insurance, it is critical to carefully consider what is not covered in the basic policy. You can purchase additional insurance that covers events not covered by your policy, such as flood damage. Speak with your insurance agent to learn more about what is not covered by your policy.

• 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.