Texas Homeowners Insurance Information
Whether you own a house, condominium or
townhouse, for most people their home is their most
important investment. Coastal Insurance Group of
Blessing, TX offers Texas homeowners insurance
policies that have flexibility to meet your individual
needs and above all, provide you with the security that
comes only from the knowledge that your home is
safe. Insurance for your home is one of the most
popular and important forms of personal insurance
and the typical Texas Homeowners Insurance policy
has two main sections:
We are a Blessing, TX insurance agency offering affordable Texas homeowners
insurance policy premiums in the following towns, cities and counties in
southeastern Texas Gulf Coast area: Midfield, Francitas, Elmaton, Buckeye, La
Ward, Ganado, Danevang, Point Comfort, Palacios, Port Alto, Weedhaven,
Schicke Point, Olivia, Port Lavaca, Magnolia Beach, Lolita, Vanderbilt, La Salle,
Edna, Clemville, Bay City, Matagorda, Collegeport, Wadsworth, Markham, Cedar
Lane, Van Vleck, El Campo, Wharton, Sargent, Lake Jackson, Freeport, Surfside
Beach, Angleton, Brazoria, Sweeny, Old Ocean, West Columbia, Victoria, Kamy,
Placedo, Dacosta, Guadalupe, Telferner, Inez, Port O'Connor, Seadrift, Indianola,
Morales, Bloomington, McFaddin, Tivoli, Glen Flora, Egypt, Speaks, Cordele,
Magnet, Lane City, Boling, Pledger, Newgulf, Burr, Nursery, Thomaston, Fordtran,
Cuero, Jackson County, Calhoun County, Brazoria County, Fort Bend County,
Wharton County, Harris County, and Matagorda County, TX.
Section I - Insurance coverage for your property
as follows in items A through D:
Coverage A - Dwelling - covers your dwelling
(home), attached structures, built in appliances and
fixtures and permanently installed floor covering.
Most Home Insurance Companies will require you
insure your home to the current estimated
replacement cost of the home as calculated by
nationally recognized experts in this field.
Coverage B - Other Structures - covers other
structures on your premises not permanently
attached to your dwelling such as a detached garage,
dog house, perimeter fence, storage building, etc.
Coverage C - Personal property - covers your
personal property, (e.g. furniture, CDs, stereo and
clothes). You choose a dollar amount limit (what you
think your possessions are worth) when you
purchase a Texas homeowners insurance policy.
Coverage D - Loss of use - covers the additional living expenses
you incur when your home can't be used due to an insured loss.
This is usually a percentage of the dwelling limit.
Section II - Personal liability coverage as follows in items E and F:
Coverage E - Personal Liability - covers your personal liability claims
and suits for bodily injury or property damage you are libel for due to
unintentional acts committed by you or qualified family members and
your pets (if not excluded). You choose this limit when you purchase
the Texas homeowners insurance policy.
Coverage F - Medical payments - covers medical expenses for
minor injuries to others even if you were not at fault if they incur injuries
on your property. The policy normally includes limits of up to $5,000
per person.
Homeowners insurance is often required by lenders to obtain a
mortgage and nearly everyone, whether you own or lease property,
should have the protection of Texas homeowners insurance.
Texas Homeowners Insurance FAQ
Click on the link below to fill out a secure quote request form for an
affordable Texas Homeowners Insurance policy that will provide
excellent home insurance coverage at an affordable cost. Or you can
speak with our Texas Homeowners Insurance agent specialist toll free
at (888) 588-2152 to discuss the policy features.
Personal liability in a Texas homeowners insurance policy is also an important
part of having security from accidents that may occur on your property. We
suggest you choose coverage limits that are not less than those on other
liability insurance you own, such as car insurance.
Click on the link below to fill out a secure quote request form for an affordable
Texas Homeowners Insurance policy that will provide excellent insurance
coverage at an affordable cost. Or you can speak with our Texas Homeowners
Insurance agent specialist toll free at (888) 588-2152 to discuss the policy
features in more detail.
Texas Homeowners Insurance Policy FAQ
Covered losses under a Texas homeowners insurance policy can be paid on
either a replacement cost basis or on an actual cash value basis. When "actual
cash value" is used, the policy owner is entitled to the depreciated value of the
damaged property. Therefore, the older the item is, the less money you may
receive for it. If you choose the "replacement cost" coverage, the Texas
homeowners insurance policy will reinburse the amount it costs to replace the
property with something of a similar type and quality at current prices.
An "All Risks" policy provides the broadest Texas homeowners insurance
protection because it will cover losses that are due to any peril except those
specifically excluded in the policy. A "Named Perils" policy covers losses that
are due to only those perils listed in the standard Texas Homeowners Insurance
policy and typically include fire, hail, windstorm, and other physical losses.
Texas Homeowners Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your home, you will
face a "coinsurance penalty," which means you'll have out-of-pocket expenses to
cover costs beyond the policy deductible you chose. For example purposes we
will assume your home's estimated replacement value (RCV) is $100,000. The
co-insurance clause requires you carry at least $80,000 (80% of your RCV). If you
chose to purchase only a $40,000 Texas Homeowners Insurance policy you
would be underinsured by half. Therefore, in the example the insurance company
would pay one-half of a loss less the policy deductible, so if you suffered a
$10,000 covered loss to your house, condominium or townhouse and had a $500
deductible, your policy would only pay $4,500.
Texas Homeowners Insurance Policy FAQ
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.

Please be advised that insurance coverage cannot be bound, changed or confirmed via
voicemail, email, fax or online at the agency's website. You must speak directly with a
licensed insurance agent.
Replacement Cost or Actual Cash Value
Texas Homeowners Insurance Policy FAQ
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
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Home Replacement Cost Estimate Explained
Proper insurance to value is one of the most important considerations in insuring
property. In an effort to assure your home is insured properly we review the
estimated replacement cost of your home on an annual basis.
We calculate the minimum estimated replacement cost based on:
* Local Labor* Local Material Costs
* Square Footage of Dwelling* Construction Type
* Heating & AC Systems* Additional Features/Enhancements
* Potential Debris Removal* Foundation Excavation & Replacement
* Architect Fees* Structural Engineering Fees
To rebuild a substantially damaged home is much more expensive than to build
new because debris must be removed before repairs can be made. Where as
in new construction there is no debris removal to consider. The cost to remove
debris is considered in the estimated replacement cost estimate because it is
covered under the dwelling limit on your homeowner's insurance policy.
Comparing estimated replacement cost to current local new construction costs
is not a good comparison either because new homebuilders typically are building
many homes at once, which allow economies of scale. They purchase large
quantities of materials giving them discounts and share labor on several homes,
which allow for lower labor costs per home.
Many compare the value of their home to the current market value, or what you
could sell your home for in the current real estate market. This is not an
accurate comparison because if your home is substantially damaged the
repairs will be made at current labor rates and materials costs including debris
removal. Market value is what you can purchase a used home at in the current
real estate market, which is not an indicator of cost of neither new construction
nor reconstruction.
Our agency utilizes data on your home, which we retrieve from the county's tax
appraisal database. This information provides us with your homes square
footage, type and materials of construction and features. If there are errors in
this information we will be happy to make adjustments where necessary. If your
home is new we will acquire this specific data from your or your appraisal.
We advise you to insure to at least the minimum estimated replacement cost.
You should even consider insuring above the minimum. If your home were
substantially damaged wouldn't you like to rebuild it back to the size and
quality it was? After all your home is probably the largest investment you will
make. Over the years we have had a few clients suffer major losses whereby
their home and contents were substantially destroyed. They were happy we
had advised them through the years about insuring to proper values and were
able to recover from their losses without financial hardship.
COASTAL INSURANCE GROUP
Serving the home insurance needs of the Texas Gulf Coast!
Coastal Insurance Group
1012 CR442
PO Box 515
Blessing, Texas 77419
Matagorda County TX
(361) 588-2152
Fax: (361) 588-1287
Toll Free: 888-588-2152
888-588-2152
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