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Things You Need to Know When Choosing Home Insurance Coverage

Your home is likely your most valuable asset, so it’s important to protect it with the right insurance coverage. Our experienced insurance agents at Amy Tounget Insurance Agency LLC in Midlothian, TX, can help you choose the right home insurance coverage for your needs and budget. But what do you need to know when choosing home insurance coverage?

Here are a few things to keep in mind:

The Value of Your Home

Your home insurance policy should cover the replacement cost of your home minus any depreciation. To determine the replacement cost of your home, an insurance company will consider the size, type, and age of your home and the cost of materials and labor in your area.

The Contents of Your Home

Your home insurance policy will also cover the contents of your home up to a certain limit. This includes furniture, clothing, electronics, and other personal belongings. If you have high-value items such as jewelry or art, you may need additional coverage to insure them for their full value.

Types of Coverage

There are different types of home insurance coverage, and the one you choose will depend on your needs. For example, if you live in an area prone to hurricanes, you may want to purchase windstorm insurance. Or, if you have a home office, you may need to purchase business equipment coverage.

Discounts

Many insurers offer discounts on home insurance premiums, so be sure to ask about them. For example, you may get a discount if you have a security system or your home is newly constructed.

Contact Us Today

If you need help choosing home insurance coverage, our experienced insurance agents at Amy Tounget Insurance Agency LLC in Midlothian, TX, are here to assist you. Call us for help finding the right policy for your needs and budget.

Does Your Home Insurance Cover Your Home Gym?

Like many people, you’re considering a home gym to skip the trip to the fitness center. But before you do, it’s essential to consider whether your home insurance will cover it. Most home insurance policies cover exercise equipment, but some limits exist.

Here’s what you need to know about insuring your home gym:

What Are the Limits?

Your home insurance policy likely covers your exercise equipment. However, there may be some limits. For example, if you have an expensive piece of equipment, your policy may have a dollar limit on coverage. Your Amy Tounget Insurance Agency LLC agent can explain any limitations on your policy and help you decide if additional coverage is necessary to protect your belongings in Midlothian, TX.

What Type of Claims Are Covered?

It’s also important to note that home insurance typically only covers damage caused by something unexpected, like a fire or severe weather. So, if you damage your equipment while using it, your home insurance likely won’t cover the repair or replacement costs. But if a windstorm blows a tree through your window and damages your treadmill, your home insurance may cover the cost to repair or replace the equipment.

Does Depreciation Play a Role?

Another thing to remember is that home insurance policies typically reimburse you for the actual value of your damaged property, not the replacement cost. So, if you have an older piece of equipment, your home insurance policy may only cover a fraction of the price you paid initially.

Give Us A Call

Before setting up a home gym, check with Amy Tounget Insurance Agency LLC in Midlothian, TX to see if your home insurance policy will cover it. We’ll be happy to answer any of your questions and help you get the coverage you need.

5 Things You Didn’t Know About Home Insurance

Home insurance is one of those things that most of us have, but few of us really understand. We know we need it to protect our homes, but beyond that, there is a lot about home insurance that remains a mystery. Amy Tounget Insurance Agency LLC in Midlothian, TX provides you with the following guide. 

Here are five things you may not have known about your home insurance policy:

1. It Does Not Cover Flooding 

Despite floods being one of the most common natural disasters in the United States, most home insurance policies do not cover flood damage. But that does not mean you should not be prepared. You can purchase flood coverage as a separate policy or as an endorsement to your existing home insurance policy.

2. It Covers More Than Just the Structure of Your Home

While many people think of home insurance as only covering the physical structure of their home, it actually covers much more. Most policies also cover your personal belongings and any damage that may occur to other structures on your property, such as a shed or fence.

3. You May Need Extra Coverage for Certain Items

While home insurance covers a lot, there are some items that may require additional coverage. For example, if you have valuable jewelry or art, you will likely need to purchase a rider to your policy to have them fully covered.

4. Installing Certain Home Safety Features Can Help

Most insurance companies offer discounts for homes that have certain safety features, such as burglar alarms and fire sprinklers. So, if you are looking to save money on your home insurance premium, installing some extra safety features may be a good idea.

5. It’s Important to Review Your Policy Regularly

Your needs can change over time, and as such, it is important to regularly review your home insurance policy. Ensure that you are still getting the coverage you need and that any additions or changes to your home are reflected in your policy.

If you’re looking for comprehensive home insurance in Midlothian, TX, Amy Tounget Insurance Agency LLC can help. We can work with you to find a policy that meets your needs and gives you the coverage you need. Contact us today to get started.

Home Insurance Myths That Could Damage Your Policy

Amy Tounget Insurance Agency LLC serves the Midlothian, TX community. We are an independent insurance agency. We work closely with multiple carriers throughout the South. This allows us to offer our clients flexible policies designed to meet their needs in any situation. We promise to serve you with honesty and integrity.

Home Insurance Myths That Could Damage Your Policy

Owning a home is a significant achievement. Your Midlothian, TX property is one of your most prized possessions. Home insurance helps protect your valuable asset. You are covered if the interior or exterior of your home is damaged. Home insurance covers the repairs. The policy also covers all of your personal items inside the home. Liability coverage protects you if a guest comes over and they suffer an accidental injury on your property. As you review your policy, watch out for these common home insurance myths.

Flood Damage Is Covered

As a Texas resident, you are aware that severe weather can move into the area. Severe weather often leaves flooding in the aftermath. Home insurance does not cover any property damage that occurs due to a flood. You will need to add a separate policy.

Termite Damage Is Covered

You have to perform regular maintenance on your home. If your property is damaged by termites or mice, that is a sign that you aren’t taking care of your property. Home insurance won’t cover the damage.

Liability Coverage Protects My Injuries

That is incorrect. Liability coverage protects you if a guest is injured on your property. You are not covered if you are injured at home.

Adding Extra Coverage Isn’t Necessary

It’s a good idea to add extra coverage. You can add alternative living coverage, which covers your housing at another place while your home is repaired.

Amy Tounget Insurance Agency LLC Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Four Tips for Preventing a House Fire

Did you know that a house catches fire almost every 90 seconds? Did you also know that it only takes two minutes for a fire to become life-threatening? Because house fires can be so dangerous in such a short period of time, our team at Amy Tounget Insurance Agency LLC wants to share some home fire prevention tips with Midlothian, TX homeowners.

Trim Surrounding Vegetation

While there is no way to simply prevent wildfires by yourself, you can reduce the risk of damage to your home by trimming any vegetation around the outside of the home. For example, if you have any trees and shrubs that are growing near the house, make sure to trim them back. Ideally, you should try to keep wild vegetation 100 feet away from the house whenever possible.

Don’t Leave Flames Unattended

One of the main causes of home fires is cooking. Therefore, when cooking, it is imperative that you don’t go too far from the stovetop when it is in use. Children should never be left in the kitchen unsupervised, especially if a stove is in use.

Fireplaces, heaters, and other sources of heat also pose certain fire risks. It is important that dishcloths, aprons, paper towels, cardboard, and any other flammable materials are kept far away from heat sources to minimize the risk of a house fire.

Use Grills with Care

Heat, embers, and ashes from outdoor grills can easily cause wood to spark and ignite. It is a good idea that outdoor grills be kept a minimum of 10 feet away from the home. In addition, you should never leave lighter fluid, charcoal, or anything flammable near the grill while it is in use. When done barbecuing, use water to put the hot coal or wood out to prevent it from continuing to burn.

There are many steps that can be taken to help prevent a house fire, including the tips mentioned above. In the event that a house fire does occur unexpectedly, you will want to ensure that your Midlothian, TX home is properly insured. Contact the team at Amy Tounget Insurance Agency LLC to learn more about the home insurance options we offer.

Home Insurance Exclusions

If you are a homeowner in Midlothian, TX, you understand the importance of having home insurance. It’s an investment that protects your home and its contents from unexpected events like theft, hail, fire, and many other perils. Besides, home insurance provides liability protection and covers loss of use.

Unfortunately, home insurance does not cover every mishap that occurs in your home. To that end, you must understand what home insurance does not cover to avoid disappointments when filing a claim. At Amy Tounget Insurance Agency LLC, we’ve prepared for you what your home insurance does not cover. Be sure to read through the article to understand your home insurance exclusions.

Floods

A standard home insurance policy does not cover damage caused by overland flooding. If you live in an area prone to floods, make sure you have a separate flood insurance policy to protect you against floods.

Damage by sewer backups

Water damage from a sewer backup may occur due to old sewer systems, growing tree roots, sanitary blockages, and so forth. Unfortunately, typical home insurance does not cover these damages. As such, you may have to buy an endorsement to cover water damage from sewer backups.

Damage due to neglect 

Damage that arises from poor home maintenance, like uncontrolled mold or pest infestation, is not covered by your standard home insurance policy. In light of this, keep your home well maintained to avoid incurring out-of-pocket repairs.

Earth movement

Typical home insurance does not cover cases like earthquakes, sinkholes, and landslides. But the good news is that you can purchase a separate policy that covers such types of events. 

Home insurance in Midlothian, TX

Before assuming that your home insurance covers you against every peril, be sure to scrutinize your policy limits and exclusions. It’s also wise to talk to your agent if you are unsure whether a specific loss or damage is included in your policy. Ready for your home insurance? Talk to us at Amy Tounget Insurance Agency LLC for an affordable quote.

How much home insurance do you need?

Midlothian, TX is a city southwest of Dallas with an approximate population of 30,000 people. There are many things to love about the small town, including Midlothian being a great place to raise a family. How much home insurance is sufficient for this hidden gem in Ellis County? An agent at Amy Tounget Insurance Agency LLC can help you answer this question. 

Median Values And Insurance Rates

The median value of a single-family home in Midlothian, TX is around $360,000. Your home indemnity policy should cover at least 80 percent of the property’s value.

Why 80 Percent?

Insurance companies typically cover the full cost of damage to a house if the homeowner purchased coverage that accounts for at least 80 percent of the home’s value. This means that a home in Midlothian, TX worth $500,000 would need a home insurance policy worth at least $400,000. 

An insurance company does not leave the homeowner completely in the cold if indemnity coverage falls below 80 percent of the home’s value. The insurer, however, does not pay the entirety of a home’s value in the instance of a total loss if there is not enough coverage. 

You may ultimately find yourself in a financial bind if you fail to purchase enough coverage to meet the insurer’s standards. 

Check Your Policy And Call Amy Tounget For Help

It is not uncommon for a homeowner to fall below the 80 percent standard. Improvements to the property and inflation can lead to an indemnity plan that does not fully speak to the home’s market value. 

It is important to review your insurance policy at least once a year to ensure your financial cushion is still stable. It would help if you also considered getting a new quote for coverage periodically. 

Amy Tounget Insurance Agency LLC can help you understand the terms of your home insurance plan. Call today to see if your policy needs an upgrade.

Why Work With Us?

  • Locally owned and operated
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  • Combines policies for best rates
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  • Have access to your auto ID cards anytime!

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