Types of Insurance for Your Home

Protect Your Home With These Insurance Policies

When buying a home, you may suddenly be presented with a bunch of different types of insurance policies meant to protect your home. But, which ones are actually worth your investment? This post can help you get to know some of the most important policies to take into account.

Homeowner's Insurance

Homeowner's insurance is a must, and this isn't only because it's a basic requirement when taking out a home loan. A homeowner's insurance policy can really come in handy if your home suffers damages caused by a number of natural disasters or other issues that come specified in your insurance policy. Without a homeowner's insurance policy you would be left to pay for the damages out of pocket, which can get extremely pricey.

Flood Insurance

Unfortunately, floods aren't typically covered by a homeowner's insurance policy, so you may have to look into getting this separately. Not all lenders will require that you get flood insurance. This can depend on how close your home is to a large water source and how prone the area is to flash floods. Even if your area doesn't typically experience flooding, you may still want to look into the possibility of getting flood insurance.

Title Insurance

Title insurance is also required by the majority of lenders because of how important this type of insurance can prove to be. Before the home is yours, a title search will be run just to be sure there are no title defects that can affect your rights to ownership. Even so, title defects may still come up in the future. No matter what they are, your one time payment for title insurance will continue to cover you and your rights to ownership. This can help ensure your investment in the home doesn't go to waste and may even help you hold onto your home.

Title Insurance in Plainview, Texas

Not sure what title insurance in Plainview, TX can do for you Contact Countywide Title at (806)293-8363 to learn all about the benefits of title insurance.