Category: Home Insurance

Are you thinking about buying a home? Perhaps you already have a home loan but want to lower your home insurance costs. One area you may want to consider is your home insurance.

In virtually every situation, it will be critical for you to maintain proper home insurance to meet your mortgage lender’s requirements. At JD Insurance Group, we help clients in and around Beaumont, TX, to ensure they have the right type and level of insurance to meet their needs and to keep them up to date on what their mortgage lender requires.

Why Your Mortgage Lender Requires Home Insurance

Home insurance is a type of safety and protection tool. If your home were to catch on fire or suffer serious damage from a covered event, the insurance policy could provide financial compensation to help rebuild or repair your home – depending on what happened and how. That’s important to your lender.

Your lender has put a significant amount of money into the home for you. Home insurance helps to protect that asset from risks like fires. That is why most mortgage loan contracts require the property owner to maintain enough insurance to cover at least the amount owed on the loan.

Often, that’s not enough to meet your needs, though. You may want to increase the amount of home insurance you have to cover the cost of rebuilding your home if a serious incident were to occur. Doing so helps to safeguard your property and your investment in it.

Let Our Team Help You

If it is time for a home insurance update, the independent contractors and team at JD Insurance Group can help you. We work with property owners in Beaumont, TX, and the surrounding areas to get the insurance coverage their lenders need and enough to protect their investments as well.

As Beaumont, TX homeowners, securing a good home insurance policy is essential to protecting yourself, your loved ones, and your property from unforeseen events. However, several myths and misconceptions surrounding home insurance can prevent homeowners from making informed decisions about their coverage. JD Insurance Group debunks some common home insurance myths, so you can confidently protect your home.

Home Insurance Myths

Myth #1: Home Insurance Policy Covers All Types of Damage

Many homeowners mistakenly assume that their insurance policy covers all types of home damage. However, this is not always the case. While most policies cover damage caused by fire, theft, and natural disasters such as storms, floods, and earthquakes, they may not cover damage caused by wear and tear or poor maintenance.

Myth #2: Home Insurance Claims are Hard to File

Finally, many homeowners fear filing a claim with their insurance company because they think it will be complicated and time-consuming. However, filing a claim can be straightforward and stress-free with the right coverage and documentation. Keep all records and receipts related to your home and personal property.

Myth #3: Home Insurance Only Covers My Home

Home insurance policies cover not only your home but also your personal property and liability. For example, if someone is injured on your property, your home insurance policy can help cover their medical expenses and legal fees. Similarly, your policy can help cover the replacement cost if your personal property is stolen or damaged. It’s essential to understand what your policy covers to ensure adequate protection.

Reach Out To Us

Understanding these common home insurance myths allows you to make informed decisions about your coverage and protect your home and personal property in Beaumont, TX. Call JD Insurance Group if you have any questions about your policy or need to file a claim.

Buying a vacation home is something that many people dream of. If you are making this dream a reality, one of the questions that you may have is whether a home insurance policy will cover vacation homes or if a home insurance policy only covers your primary residential home. If it only covers your primary residential home, then you may wonder what type of insurance you need for a vacation home.

Our team of insurance experts at JD Insurance Group, serving the greater Beaumont, TX area, is here to assist with all your queries. 

Will Home Insurance Cover Vacation Homes or Only Primary Residential Homes?

Home insurance will not cover your vacation home. Home insurance can only be used to cover your primary residential home. If you are planning on using your second home as a vacation home only for yourself and your family, you will need vacation home insurance. If you plan on renting the vacation home out, you may need landlord insurance or even commercial insurance, depending on how you plan on renting it.

If you plan on renting the home out for periods of six months or longer to the same tenant, you need landlord insurance. If you are using your vacation home as a short-term rental or vacation rental, you likely need commercial or business insurance, since the property would then be considered a business asset. 

Contact Us Today

Having the right insurance on your primary residential home and your secondary vacation homes or investment properties is extremely important. Here at JD Insurance Group, serving the greater Beaumont, TX area, we can help homeowners find the home insurance policies that are best suited for their homes. Reach out to us today to learn more. 

When you get home insurance, you may not realize what it includes. It’s important to find out how much coverage you have for your possessions. This way, it won’t come as such a shock when you have damage to your possessions and need to get them repaired or replaced. The experts at JD Insurance Group of the Beaumont, TX area can help you understand what you need for your situation. 

Creating a Home Inventory

Before you get your personal property coverage, you would do well to make a home inventory. Go around with a pad of paper and write down the valuable items for which you’d like coverage. You also might gather receipts and photo or video proof of what you have, depending on what the items are. Be thorough and make sure that you write down the value of the items. 

Not All Providers and Policies Are the Same 

Not every provider is going to offer the same amount and type of coverage. This is why you should talk over the options with the agency you plan on using or already have your home insurance with. Learn about the differences between various property insurance policies they might have. 

Did you know that you can have coverage on your possessions if something happens to them when you’re traveling with these items? That’s right, some policies will cover certain events that occur and cause damage to your possessions or if there’s a theft of something. 

Get Insurance Through a Reputable Provider

JD Insurance Group of Beaumont, TX and beyond will work with you to set up an insurance package that makes you confident. It’s a good idea to ask as many questions as possible. Find out how we can help you with your personal property insurance needs. 

Your home insurance is designed to protect you and your valuables when disasters strike. But for your home insurance to give you optimal protection, it needs to be up-to-date. Has it been years since you updated your home insurance? JD Insurance Group in Beaumont, TX advises homeowners to review their insurance every year. However, if the below incidences happen, talk to your insurance agent immediately.

Home improvements

Maintaining your home is an ongoing process. For instance, if you have undertaken significant renovations, you need to inform your insurer. Renovations increase the cost of rebuilding your home, so you need to update this information with your insurance company. This way, you will get full value compensation for your house, including the renovations if damage occurs.

Home-based business

Have you decided to follow the trend by starting a home-based business? All the best!  However, you need to review your home insurance. Home insurance won’t cover business-related liabilities. For instance, home insurance won’t cover medical costs if a customer trips on your wet floor while coming for a business meeting. However, you can purchase commercial insurance or consider a home-based business insurance add-on for well-rounded protection.

Purchase of assets

Have you added more assets to your home? It would help if you informed your insurance agent. This way, you will be compensated for all valuables in your possession should a covered peril strike.

Pets

Welcoming a pet to your home is exciting, but it comes with a fair share of responsibilities. For some pets, especially those that can cause injury, you need to increase the liability insurance coverage should they harm other people.

Learn more about home insurance in Beaumont, TX

Still not sure whether you should update your home insurance? Don’t worry. Please get in touch with JD Insurance Group to speak to one of our agents in detail.