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Let’s look at the common types of homeowners insurance policies:

HO-1: Basic Form: As the name suggests, this is the basic form of homeowners insurance and offers the most limited coverage. Your home and personal belongings are insured for their actual cash value against ten named perils.

HO-2: Broad Form: This policy is a worthwhile upgrade from the basic form for those seeking pocket-friendly coverage. The home is insured at its replacement cost value, and personal property is covered at its actual cash value against six named perils.

HO-3: Special Form: The HO-3 policy is the most popular type of home insurance policy, especially among single-family homeowners. It offers coverage for all perils except those intentionally excluded in the policy. Some commonly excluded perils included war, mechanical breakdown, wear and tear, neglect, and intentional loss.

HO-4: Contents Broad Form: Also identified as renters insurance, it offers coverage specifically to those who rent homes. It covers your property inside the rented house and anywhere worldwide. For instance, if you travel for a holiday and lose your personal laptop, you will be covered by the HO-4 policy.

HO-5: Comprehensive Form: This policy offers more robust protection for single-family homes. Both the house and personal property are covered at replacement cost value. This coverage is more suitable if you have high-value assets, like gold jewelry and expensive art, within your home.

Need a reliable home insurance policy in Houston, TX?

Welcome to City Centre Insurance Agency LLC for incredible home insurance offers. Contact us today for free insights on what type of home insurance policy suits you.

If you own a car, you are required to have auto insurance in almost every state. Most drivers purchase auto insurance because it’s the law, but they don’t know much about it. We at City Centre Insurance Agency LLC in Houston TX are here to help. Let’s take a deep dive into auto insurance.

What Is Auto Insurance?

Vehicles are expensive assets, and car accidents are often unpredictable. Auto insurance is a type of insurance that provides motorists with protection against financial loss in the event of a crash or any other covered peril. It provides coverage for:

Liability: Your legal duty to others for property damage and bodily injury
Property: Such as theft or damage to your car
Medical: The expenses related to treating your injuries, rehabilitation, and in some instances, lost wages and funeral expenses

Benefits of Having Auto Insurance

Some advantages of having car insurance include:

It covers you in case you cause an accident: Causing a crash is among the most stressful things that can happen to a driver because you are likely to be responsible for the resulting costs. Auto insurance will cover these costs on your behalf.
It can help you take care of damages resulting from “acts of God”: Extreme weather events such as ice storms, hail, and wildfires can damage your vehicle. Auto insurance can aid you in paying for the damage during these extreme weather events where no one is at fault.
It protects passengers: If you are involved in a vehicle collision, your passengers will likely get injured. Auto insurance can help you pay for your passengers’ treatment.
It can supplement your health insurance: Auto insurance can pay for the treatment your regular health insurance won’t cover. For instance, if you damage your teeth in a crash, you can use your car insurance and dental insurance to pay for treatment.