Few would argue the benefits of homeowner’s insurance. This insurance has the ability to create peace of mind and make issues with your home more financially manageable. homeowner’s insurance can cover property damage, your personal belongings, and injuries to others, to name a few. Paragon Independent Insurance Agency of Plano TX is dedicated to helping you navigate homeowner’s insurance.

Homeowner’s Insurance Covers A lot But…
Although homeowners insurance covers many things…few of us understand that this insurance doesn’t cover everything. There are specific situations and circumstances that aren’t covered under homeowner’s insurance. As a homeowner, it pays to find out what’s not covered. Most of us understand that many things are covered under homeowner’s insurance and this creates peace of mind for many homeowners. If someone is injured on your property, homeowner’s insurance can cover medical bills. In addition, if your personal belongings are damaged, homeowner’s insurance can cover this too. 

What’s Not Covered…
Unfortunately…there are certain things that aren’t covered under most homeowner’s policies. Some of the things that aren’t covered are associated with the natural aging process of a home in addition to other common issues many homeowners experiences. Damage to your home caused by termites, birds, rodents, and insects aren’t covered under homeowners insurance. Also, mold, rust, rot, and other forms of wear and tear brought on by the age of a home aren’t covered either. Defective or poorly made aspects of your home aren’t usually covered under homeowner’s insurance. If you experience issues like these with your home there is a chance that your homeowners’ insurance policy won’t cover these kinds of issues. Our agents at Paragon Independent Insurance Agency of Plano, TX are dedicated to helping you understand homeowner’s insurance and understand what’s covered and what isn’t.

The Plano, TX area is a very popular area for people to move to. This area is located near the city of Dallas and offers a lot of opportunities, which also makes it a great housing market. If you are going to purchase a home here, you do need to make sure that you are covering and protecting it as well as possible. One great way that you can do this is by getting a home insurance policy as it offers a range of benefits to policyholders. 

Gives Valuable Insurance Protection

One reason that you should get this insurance is that it can give you great protection. Home insurance has a variety of benefits including protection for your dwelling, coverage for your personal assets, and even liability protection. All of these could help to protect you and your investment in your home.

Ensures Compliance

You should also get a home insurance policy because it can help to ensure you remain in compliance with a variety of agreements. Anyone that lives in a home association or has taken out a mortgage will have home insurance obligations. Getting into a policy will help to ensure you meet these requirements. 

There are many reasons that someone in the Plano, TX area will want to get a home insurance policy. While there are a lot of benefits that come with this form of insurance, picking the right policy can seem confusing and challenging. When you are looking to get a home insurance policy here, it could be a great option to call the team at Paragon Independent Insurance Agency. The insurance team at Paragon Independent Insurance Agency can help you assess your home insurance needs and get you into the right policy for your situation.

Many homeowners purchase home insurance and automatically renew it annually without reviewing their policy. Over time, however, changes to your home or lifestyle may alter your coverage, making it less effective in protecting your Plano, TX property. At Paragon Independent Insurance Agency, we recommend reviewing your home insurance annually to see if you need to update your coverage. Here are a few reasons why it may be time to update or upgrade your policy.

Home Renovations

Major home renovations like kitchen or bathroom remodeling can increase the value of your Plano TX home. If you insured your home for a certain amount years ago, your coverage may now be insufficient to rebuild your home at its current value. You can, however, increase the dwelling coverage by upgrading your policy. This ensures you’re protecting your home for its full value after remodeling. You’ll also need to add these renovations to your policy so they’ll be protected within your dwelling coverage.

Home improvements that enhance the safety or security of your home, such as new plumbing, electrical, or security system, may qualify you for a discount on your home insurance. To receive this discount, you’ll need to update your policy.

Lifestyle Changes

If you retired after purchasing your original home insurance and installed a new pool or home gym to stay fit, you may need to raise the limits of your property coverage to protect these items. If you plan to have friends or family over for a swim, you may need extra liability insurance to protect you against pool accidents. If you adopt a dog, you’ll need protection against the risk of your pet biting a visitor on your property.  

For optimal home insurance protection, contact Paragon Independent Insurance Agency to update your policy.

There is no shortage of reasons to have a home insurance policy. However, it’s important for all homeowners to choose the right coverage that protects their property. Your home is your castle and you need to safeguard your biggest investment. The office of Paragon Independent Insurance Agency in Plano, TX can help to prepare for the unexpected with the right home insurance policy. To achieve this, several factors will come into play.

How Much Home Insurance is Needed?

The biggest concern for homeowners is how much insurance is needed to protect their biggest investment. Unfortunately, a large number of homes in the United States are under-insured. Ideally, you want enough coverage to protect your home and your possessions inside. The policy itself should cover against potential financial losses or damage from fire, severe weather, or theft. Home insurance should repair or rebuild the structure and replace all of the items damaged or stolen.

Dwelling Coverage in Home Insurance

In most home insurance policies, dwelling coverage is a very important part of the entire package. This specific coverage pays for all repairs or the rebuild of the home and the attached (garage, deck or porch) structures that were damaged by fire, vandalism, or natural disaster. The final cost would be dependent upon the condition of the home and other factors.

Liability Coverage in Home Insurance

It’s strongly recommended to have some form of liability coverage on your home insurance policy. It will come in very handy when a person is injured on your property or inside the home. Liability coverage is designed to protect your financial interest in case of a lawsuit filed by the injured party. It pays for legal fees, medical fees, and lost wages for the injured person if they have missed any time from their work. Liability coverage could also be extended to cover accidents that place away from your home.

If you’re in the market to safeguard your biggest investment, then contact the insurance professionals at Paragon Independent Insurance Agency in Plano, TX. They can design a wide range of customized home insurance coverage options, so you can tailor a policy that fits your immediate and long-term needs.