Patty
Contact Patty
Patty Fonseca, MRP
936.443.7222
patty@vistasellsproperties.com
Waterfront living
Making dreams a reality
New construction homes
Knowledgeable 1st rate customer service
Farm and ranch

Insurance

This section explains how homeowners’ insurance protects your interests in the event of natural disasters and catastrophic events.

Homeowners’ Insurance

Protecting your new home with insurance is a must. How well you do that depends on the details of your policy. And while you are not required by law to have homeowners’ insurance, mortgage lenders require that you do.

A standard policy will suffice in most instances. It protects against several natural disasters and catastrophic events. However, it will not guard against earthquakes, floods, war and nuclear accidents. The policy can be expanded to include these disasters as well as coverage for such things as workers’ compensation. In fact, the lender may require that you purchase flood or earthquake insurance if the house is in a flood zone or a region susceptible to earthquakes.

Replacement-Cost Endorsement

You can also cover the depreciated value of personal property, such as televisions and furniture, by purchasing a replacement-cost endorsement. This is an extension of coverage that can enable you to replace the item with one of comparable material and quality.

I will help you shop for insurance but I highly suggest each buyer do your due diligence. The company that insures your autos can offer multiple line discounts. The policy you choose is ultimately your choice.