texas home insurance

Texas Home Insurance

While most states have 7 specific home insurance policy types, which cover homes and property against common risks, Texas home insurance policies follow a different pattern. Texas home insurance is available in 3 basic policies, specified by the state insurance board:

• HO-A
  Covers your home and possessions against named perils only, for actual cash value.
  


• HO-B
  Covers the dwelling for all perils unless excluded against all risks and contents against named perils. The house is covered for replacement cost up to policy limits, while contents are covered for actual cash value unless you buy additional replacement cost coverage.
  


• HO-C
  Covers house and contents against all risks not specifically excluded by the policy. Again, the house is insured for replacement cost up to policy limits, while contents are covered for actual cash value unless you buy additional coverage.

There are variations on these policies as well. For example, landlords can buy coverage that insures only their buildings and not your personal property (which is what a renters policy would cover). You can get special policies to cover mobile homes (a.k.a. manufactured housing).