Homeowners insurance is a requirement for most mortgages, but it is also one of the most important decisions you will make as a Houston homeowner. Coverage varies, and the details matter. It is worth talking with an insurance professional well before closing day.
Start early
Insurance quotes depend on the specific property, including its age, roof, construction and location. Ask your agent for the address early and request quotes as soon as you are under contract, so there is no scramble near closing.
Questions to ask
- What does my policy cover, and what is excluded?
- Are wind and hail covered, and is there a separate deductible?
- Is flood covered? Standard homeowners policies typically do not cover flood damage, so ask about separate flood coverage and any waiting period before it takes effect.
- How is my dwelling coverage calculated, and does it reflect the cost to rebuild?
- What discounts are available, for example for bundling home and auto?
Flood awareness is a big part of buying here. Our article on flood risk and buying in Houston covers the questions to ask before you make an offer, and insurance is where that awareness becomes a plan.
Independent agents and carriers
Some insurance professionals represent a single company, while independent agents can compare options from several carriers. Neither is automatically better, so ask how each works and what they can offer for your home.
Before you close
- Confirm your lender’s insurance requirements.
- Review the policy declarations page, not just the quote.
- Make sure the mortgagee information is correct.
- Keep digital and paper copies of your policy.
We are not insurance advisors, and the right coverage depends on your situation, so please speak with a licensed professional. Need a local professional? Our Preferred Partners page is a good place to start, and you are always free to choose the provider that suits you.
