{"id":8,"date":"2021-05-26T04:00:00","date_gmt":"2021-05-26T10:00:00","guid":{"rendered":"https:\/\/www.amytounget.com\/blog\/?p=8"},"modified":"2021-05-25T17:24:19","modified_gmt":"2021-05-25T23:24:19","slug":"how-much-home-insurance-do-you-need","status":"publish","type":"post","link":"https:\/\/www.amytounget.com\/blog\/how-much-home-insurance-do-you-need\/","title":{"rendered":"How much home insurance do you need?"},"content":{"rendered":"<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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&nbsp;this hidden gem in Ellis County? An agent at Amy Tounget Insurance Agency LLC can help you answer this question.&nbsp;<\/span><\/span><\/p>\n<h2><strong><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">Median Values And Insurance Rates<\/span><\/span><\/strong><\/h2>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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&rsquo;s value.<\/span><\/span><\/p>\n<h3><strong><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">Why 80 Percent?<\/span><\/span><\/strong><\/h3>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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&rsquo;s value. This means that a home in Midlothian, TX worth $500,000 would need a home insurance policy worth at least $400,000.&nbsp;<\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">An insurance company does not leave the homeowner completely in the cold if indemnity coverage falls below 80 percent of the home&rsquo;s value. The insurer, however, does not pay the entirety of a home&rsquo;s value in the instance of a total loss&nbsp;if there is not enough coverage.&nbsp;<\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">You may ultimately find yourself in a financial bind if you fail to purchase enough coverage to meet the insurer&rsquo;s standards.&nbsp;<\/span><\/span><\/p>\n<h3><strong><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">Check Your Policy And Call Amy Tounget For Help<\/span><\/span><\/strong><\/h3>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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&rsquo;s market value.&nbsp;<\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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.&nbsp;<\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"background-color:#ffffff\">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.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&nbsp;this hidden gem in Ellis County? An agent at Amy Tounget Insurance Agency LLC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6,5],"class_list":["post-8","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-amy-tounget-insurance-agency-llc","tag-midlothian-tx"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/posts\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":1,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/posts\/8\/revisions"}],"predecessor-version":[{"id":9,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/posts\/8\/revisions\/9"}],"wp:attachment":[{"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/media?parent=8"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/categories?post=8"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amytounget.com\/blog\/wp-json\/wp\/v2\/tags?post=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}