Home Insurance Facts For Texas Residents

It’s important to familiarize yourself not only with the terms of your Texas home insurance coverage, but also with the amount you have insured yourself for and your home’s current market value. Under Texas law, to receive full payment for damages to your home (minus the deductible), you may insure your home for at least 80 percent of its replacement cost. Insuring your home for less than 80 percent of its full replacement cost means that the insurance company is responsible for paying only part of the expense of a partial loss.