Most Texas Homeowners Insurance Policies automatically provide coverage for your personal items inside the home for approximately 50% to 75% of the amount of coverage you carry on your dwelling or structure. The exact amount of your coverage will appear on the Declaration Page of your Texas Homeowners Insurance Policy and will be title “Personal Property.”
To determine if this is adequate coverage, you need to conduct a home inventory. This is a list of everything you own and what it would cost to replace those items in the event of a major loss, such as a theft of fire. For additional information on how to conduct a home inventory please see our previous blog posting titled “Texas Homeowners Insurance Inventory Tool,” dated 4/15/2010.
If you believe you have a need for additional coverage, contact your agent and request a higher coverage limit for your personal possessions.