Plano Texas | Insurance Auto Home Commercial Liability Life Health | Ben Goodwyn Agency

The HO-B and HO-C policies provide replacement cost coverage for your house, up to your policy’s dollar limits. Replacement cost is what you would pay to rebuild or repair your home, based on current construction costs. Replacement cost is different from market value and does not include the value of your land. If you are not sure of the amount it would cost to rebuild your home, your company or agent usually has construction cost tables to help you determine the cost.

Just how much insurance do you need? $250,000. $1 Million or more?  At any stage in life, it’s important to have a life insurance review to ensure that your life needs are provided for.

When you’re buying a life insurance policy, it’s important to choose the right amount of coverage. You don’t want to have too much − and pay for protection you don’t need − but you also don’t want to have too little, and leave your loved ones at risk.

Declarations page: Your PAP is a written contract between you and your insurance company. The policy's declarations page contains accurate information concerning:

• The owner of the policy and covered drivers
• The vehicles covered by the policy
• Other identifying features.

What is auto insurance?
Owning a car involves risks. When a car accident occurs, people may be injured and vehicles (or other property) may be damaged. Damage can also occur through theft, vandalism, or natural disasters. Auto insurance can protect you against the financial loss associated with these risks. Insurance companies provide auto insurance through personal auto policies (PAPs). A PAP is a contract between you and your insurer, specifying each party's rights and obligations. Essentially, your insurer promises to provide specific coverage for you. In return, you pay a premium.

Insurance companies may sell several types of policies in Texas, each with a different level of coverage. Three of the policy forms sold in Texas – the HO-A, HO-B, and HO-C – are standardized. This means the policy language and coverages provided by these policies are the same, regardless of the company writing the policy. Although an HO-B policy written by one company will be exactly the same as an HO-B policy written by another company, the two companies may charge different rates.

The following describes what most insurance policies does and doesn't cover:

Homeowners insurance protects you from financial losses if your home or personal property is damaged or destroyed by a storm, fire, theft, or other event stated in your policy. The policy will pay to repair or replace your property up to your policy’s limits.