Homeowners

Every year homeowners suffer serious losses from fire, theft and natural calamities with the cost of damages running into billions of dollars. To protect against extensive financial loss, the wise homeowner should have an up-to-date homeowner's insurance policy that adequately covers both home and possessions.

A well designed policy can protect a homeowner from losses if the home is burglarized or vandalized, or if there is a fire or natural disaster. Moreover, homeowners insurance protects personal belongings and protects the homeowner against lawsuits if someone is injured while on the owner's property. For more information or to get a quote, Click here homeowners insurance quote form .

Examples of common policy types are:

Feature	HOA	HOA Plus	AFCIC
Coverage Type for Dwelling- AFCIC is named peril unless extended endorsment is present	Named Peril	Named Peril	Named Peril/All Peril (unless excluded)
Coverage Type for Personal Property	Named Peril	Named Peril	Named Peril
Loss Settlement for Dwelling	Actual Cash Value	Replacement Cost	Replacement Cost
Loss Settlement for Personal Property	Actual Cash Value	Replacement Cost	Replacement Cost Available
Percentage of Dwellling Amount for                                  Additional Living Expenses/ extended	10%	20%	10% / 20%
Personal Property coverage/ extended limit	40%	40%	65% / 75%
Covered Perils ý Personal Property	HOA	HOA Plus	AFCIC
Fire & Lightning	X	X	X
Sudden & Accidental Damage from  Smoke	X	X	X
Windstorm, Hurricane, & Hail	X	X	X
Explosion	X	X	X
Aircraft & Vehicles	X	X	X
Vandalism & Malicious Mischief	X	X	X
Riot & Civil Commotion	X	X	X
Theft	X	X	X
Collapse of Building		X	X
Mold coverage ($5,000)		X	X
Sudden & Accidental Discharge, Leakage, or Overflow            of Water or Steam		X	X
Falling Objects		X	X
Freezing		X	X
Glass Breakage		X	X
Sewer back up (option)			X
Foundation coverage			X
120% replacement cost (option)			X
Exclusions	HOA	HOA Plus	AFCIC
Flood Water (covered through fema policy)	X	X	X
Government Actions	X	X	X
Building Laws (over policy limit)	X	X	X
War Damage	X	X	X
Nuclear Damage	X	X	X
Mechanical Breakdown	N/A	N/A	X
Wear & Tear	N/A	N/A	X
Dampness, Extreme Temperatures	N/A	N/A	X
Contamination	N/A	N/A	X
Rats, Mice, Termites, Moths, Insects	N/A	N/A	X
Animals or Birds	N/A	N/A	X
ýWe do not cover loss under Coverage A (Dwelling) caused by settling, cracking, bulging, shrinkage, or expansion of foundations, walls, floors, ceilings, roof structures, walks, drives, curbs, fences, retaining walls, or swimming pools.ý	N/A	N/A	X
Earthquake, Landslide	N/A	N/A	X
This is neither a contract nor part of any contract.  It is meant as a summary description providing a broad overview of the Texas HO-A and HO-B policy forms.  Coverage under any policy is subject to the specific terms, conditions and exclusions applicable to that policy.  You should carefully read all applicable policy forms, endorsements and declarations pages to completely understand the coverage available under any homeowners insurance policy.  AFCIC is named peril unless extended endorsment is present