March 19, 2021

Selling your Home? This is the Insurance you Need

If you have just sold a home or are in the market to do so, you may be wondering what do I need to do on the insurance side? The experts at Texas Insurance Agency are here to help with any questions or concerns you may have. Please keep reading to find out what you should do!

Talk to your Insurance Agent

If you are looking to sell your home or have already sold your home, it is important to talk to your agent to see what your policy now covers. It is up to you to contact your agent and notify them about your new home and policy. Insurance agents are not notified when you switch policies or purchase a home. That being said, you should cancel your previous insurance so it will not interfere with your new home insurance policy. 

Pearland TX home insurance quotes

Selling your Home? This is the Insurance you Need. 

The Insurance You Need

What if you’re in the process of selling your home? Do you need different insurance when you’re putting it on the market and not living there? The answer is yes. You will need to change your coverage plan when you are putting your home on the market and not residing there. There are three types of coverage you should consider having since your insurance company will not be notified of your home going on the market. 

The Policies to Consider 

  • First is dwelling and contents coverage. This coverage covers damages done to your home and belongings even if you’re not there. An example could be if a real estate agent turns on the fireplace to show a potential buyer and ends up causing smoke or fire damage.
  • The second is personal liability coverage. This coverage is essential because it covers you or a family member, if responsible for any bodily damage occurring to someone in your home. An example could a potential home buyer slipping in your kitchen and then attempting to sue you for getting injured on your property. In a scenario like that, you would be protected.
  • The final one is a vacant home policy. This covers things that regular home insurance does not typically cover. A vacant home insurance policy would protect your home from vandalism, arson, and theft while you’re selling.

Selling your homes a big step in anyone’s life and you don’t have to do it alone. Please visit Texas Insurance Agency if you have any questions. We proudly serve the greater Houston area and are eager to help you today!

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