Homeowners insurance in Texas can be costly, and with the high price, you might think that youâre covered for just about everything. The problem is that itâs not always that simple, and there is a good chance that youâre not covered for nearly as much as you mightâve thought.
Insurance companies use different deductible formulas, so itâs important to make sure you have a thorough understanding of your policy. Even if you have homeowners insurance in Texas, you might not be covered for certain damages. Texas is home to a wide range of natural disasters.
During a single month, the state of Texas might get hit by tornados, blizzards, earthquakes and sinkholes. The problem is that certain types of homeowners insurance in Texas donât cover specific natural disasters.
Damage from Earthquakes
Standard homeowners insurance in Texas might not cover damage caused by an earthquake. If youâve only ever experienced minor earthquakes, you probably canât imagine what sort of damage a moderate quake can do to your home.
Depending on the location, even a minor quake can cause significant damage to your home. If you donât have the right homeowners insurance in Texas, you could be left with nothing.
According to data from the United States Geological Survey, Oregon, Utah, Montana, Wyoming, Idaho and Texas are a few states that are likely to suffer earthquake damage. In most cases, homes are indirectly damaged by earthquakes. The earthquake is far more likely to cause a fire that damages your home than to directly destroy it.
In most cases, you can purchase earthquake coverage as an add-on for your homeowners insurance in Texas. Since earthquakes are more likely to occur in Texas than in other states, the cost of coverage will be higher. As an example, the annual cost of earthquake coverage in San Francisco can cost over $2,000.
Many Texans donât think much about the indirect damage that can be caused by an earthquake, so they donât look into their homeowners insurance in Texas and check for adequate coverage.
For example, a powerful earthquake can cause trees to fall onto your home, or it can cause a major landslide, which can damage your home.
Damage from Sinkholes
In recent times, a number of sinkholes have been appearing in Texas. It appears to be a growing problem, and sinkholes can cause severe damage to a home. If your homeowners insurance in Texas doesnât cover this type of damage, you could end up paying thousands of dollars to get your home fixed.
A sinkhole is a gap that suddenly appears in the Earthâs surface. When a large amount of groundwater dissolves underlying bedrock, the result is a large sinkhole. The large pores and cracks in bedrock are created by groundwater, and a sinkhole is a large underground cavity.
Once the surface of the cavity breaks, the sinkhole opens up, and if your house is above the hole, it has the potential to swallow your entire home. In fact, many Texans have lost an entire home to a sinkhole. Smaller sinkholes are much more common and can cause serious damage. To make sure youâre protected against damage caused by sinkholes, check your homeowners insurance in Texas.
Damage from Broken Clogged Sewer Lines
Many Texans have homes that have suffered severe damage from clogged sewer lines. In some areas of Texas, the sewer lines have been used for 100 years.
As more homes are connected to these lines, they start to get clogged. Once the sewer line is clogged, it can cause sewage to shoot out of pipes in your home.
A clogged sewer line can damage your homeâs floors, furniture, electrical systems and walls. The best way to protect against these types of damage is to make sure your homeowners insurance in Texas provided adequate coverage.