Texas is the second largest state in the United States based on land mass. As such, it faces a large scope of potential homeowners insurance perils and risk factors, most of which include different types of natural disasters like hurricanes, flooding, wildfires, tornadoes, and more.
In fact, Texas is ranked as the number one state in the U.S. to experience some form of natural disaster. Different regions of the state are susceptible to certain types of natural disasters and this largely impacts the type of homeowners insurance coverage required or recommended in each area. Mansfield, in particular, is highly susceptible to tornadoes and earthquakes. Compared to the rest of the state, Mansfield has a considerably higher chance of enduring tornado damage. Mansfield’s tornado index is 376.74.
Homeowners insurance coverage varies from state to state and oftentimes even from county to county depending on certain legal regulations and requirements. Speak to your local Farmers Insurance agent to learn about specific coverage and policy options in your area.
What Is Covered by Homeowners Insurance?
Standard homeowners insurance coverage typically falls under the following four basic categories:
Structural/dwelling protection covers you in the event of unexpected structural damages to your home caused by a crime (i.e. a break-in or vandalism), certain natural disasters, or an accident. Damaged walls, doors, windows, flooring, or even the foundation and other parts of your home that you don’t see are also covered under this category.
Detached Structures on Your Property
Sometimes, detached structures are included in your structural/dwelling protection. Other times, they’re listed under a separate category but are still included in your coverage. Of course, as with any type of coverage, this policy structure and inclusion varies from state to state. Detached structures on your property include sheds, gazebos, car parking ports, a deck, a patio, etc. If any of these structures are damaged or destroyed due to a natural disaster, inclement weather conditions, or other external damage, your policy will most likely cover the repair or replacement costs to a certain limit.
Personal Property (Contents Insurance)
Personal property, also known as contents insurance, covers you if your personal belongings are stolen, damaged, or go missing from your dwelling or another location (i.e. a storage locker or someone else’s home). Personal belongings include electronics, appliances, furniture, clothing, jewelry, artwork, family heirlooms, etc. It’s advised that you take a detailed inventory of all of your valuables and store it somewhere safe outside of your home. Keep that list updated so that if something does happen to your personal belongings, you can refer back to it when needed.
If someone becomes injured on your property and you’re deemed at fault, liability insurance covers either most or all of the cost of legal fees and medical bills incurred depending on your maximum coverage limit. For instance, if a friend or family member sues you after falling down your stairs because you neglected to fix a broken step, then your insurance would cover the cost of your legal fees and medical bills.
Most natural disaster damages are typically covered by standard home insurance policies except for floods and earthquakes, but you have the option of purchasing separate endorsement coverage for these perils. Damages to your home caused by heavy wind are very likely to already be included in your existing policy. However, floods and other types of water damage aren’t automatically covered by homeowners insurance in Mansfield, TX, even though many Texas regions are prone to experiencing heavy rainfalls during spring.
Residents that live near the Gulf of Mexico are advised to purchase separate flood insurance since these areas tend to experience the heaviest amount of rainfall throughout the year. Texas’s rainy season can include massive thunderstorms, hurricanes, and tornadoes—these are particularly rampant during the late spring and early summer months.
What Isn’t Covered by Homeowners Insurance?
As mentioned, there are several incidents and risk factors that aren’t covered by standard homeowners insurance in Mansfield, TX and even on a broader scale.
Flooding and Water Damage
Even though Texas is prone to flooding, damages caused by these sometimes-cataclysmic events aren’t covered by standard homeowners insurance policies. Fortunately, you do have the option of purchasing them as add-ons to your existing policy. Flood insurance is only available through the National Flood Insurance Program, which is a government-run organization.
Different types of water damage caused by storms or flooding like sewer system damage, drainage failure or overflow, or sump pump malfunctions on your property are also excluded from standard homeowners insurance policies. Once again, though this type of coverage can also be purchased through your insurance provider as an addendum.
Structural Maintenance Problems
Maintenance issues that are a direct result of property negligence and lack of routine upkeep are also excluded from standard homeowners insurance coverage in Mansfield, TX. Most insurance companies will refuse to foot the bill for certain risk factors such as rodents, insect or pest infestations, and damages caused by termites.
General wear and tear, mold growth, rotting wood, and rust are also not covered. If you happen to live in an industrial area where your home is exposed to damages, chemical leaks, smog, or smoke caused by agricultural or business practices, then you likely won’t be covered for those either.
Structural defects as a result of poor construction are also excluded from standard homeowners coverage.
Are you looking for a reliable and trustworthy Farmers Insurance agent in Mansfield, Texas?
Farmers Insurance – Crystal Schuder Agency has your family’s best interest at heart. As a proud Texan herself, Crystal Schuder understands your home insurance needs and can help you find an affordable yet comprehensive policy that covers all of your requirements. Contact us today to learn more discuss your homeowners insurance needs!