{"id":815,"date":"2020-02-20T18:15:05","date_gmt":"2020-02-20T18:15:05","guid":{"rendered":"https:\/\/www.insurance-education-group.com\/?page_id=815"},"modified":"2020-02-20T18:15:05","modified_gmt":"2020-02-20T18:15:05","slug":"texas-home-insurance-policies","status":"publish","type":"page","link":"https:\/\/www.insurance-education-group.com\/texas-home-insurance-policies\/","title":{"rendered":"Texas Home Insurance Policies"},"content":{"rendered":"
[vc_row][vc_column][vc_custom_heading text=”Texas Home Insurance” font_container=”tag:h1|text_align:left|line_height:1.1″ use_theme_fonts=”yes”][vc_column_text]They say that everything’s bigger in Texas. The truth of that statement is debatable, but one thing is true – Texas marches to the beat of its own drum.<\/p>\n

So much so, in fact, that Texas has added its own flare to home insurance. While most of the nation is using standard ISO home insurance policies, Texas decided to create its own.<\/p>\n

This article covers the four most common Texas home insurance policies.[\/vc_column_text][vc_custom_heading text=”The HOA: Basic Named Perils” font_container=”tag:h2|text_align:left|color:%23274e95″ use_theme_fonts=”yes”][vc_column_text]\n

The HOA<\/a> insurance policy provides very basic home insurance protection. It is equivalent to the HO1<\/a> policy the rest of the country uses.<\/div>\n
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The HOA insures the home and its contents for 10 specific perils only. If anything damages the home or its contents not on that list, it isn’t covered. The ten perils are:<\/div>\n[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/3″]
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Fire or Lightning<\/h5>\n<\/p><\/div><\/div><\/div>
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Riot or Civil Commotion<\/h5>\n<\/p><\/div><\/div><\/div>
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Smoke<\/h5>\n<\/p><\/div><\/div><\/div>
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Theft<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Volcanic Eruption<\/h5>\n<\/p><\/div><\/div><\/div>
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Windstorm or Hail<\/h5>\n<\/p><\/div><\/div><\/div>
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Aircraft<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Explosion<\/h5>\n<\/p><\/div><\/div><\/div>
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Vehicles<\/h5>\n<\/p><\/div><\/div><\/div>
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Vandalism<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The HOA+: Broad Named Perils” font_container=”tag:h2|text_align:left|color:%23274e95″ use_theme_fonts=”yes”][vc_column_text]\n
The HOA+<\/a> insurance policy provides upgraded home insurance protection from the HOA by covering an additional 6 perils. It is equivalent to the HO2<\/a> policy the rest of the country uses.<\/div>\n

While the HOA policy is typically an Actual Cash Value policy, the HOA+ can be Replacement Cost<\/a>.<\/p>\n

The sixteen named perils the HOA+ insurance policy covers are:[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/3″]

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Fire or Lightning<\/h5>\n<\/p><\/div><\/div><\/div>
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Riot or Civil Commotion<\/h5>\n<\/p><\/div><\/div><\/div>
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Smoke<\/h5>\n<\/p><\/div><\/div><\/div>
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Theft<\/h5>\n<\/p><\/div><\/div><\/div>
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Discharge \/ Overflow of Water<\/h5>\n<\/p><\/div><\/div><\/div>
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Electric Current<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Volcanic Eruption<\/h5>\n<\/p><\/div><\/div><\/div>
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Windstorm or Hail<\/h5>\n<\/p><\/div><\/div><\/div>
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Aircraft<\/h5>\n<\/p><\/div><\/div><\/div>
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Falling Objects<\/h5>\n<\/p><\/div><\/div><\/div>
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Sudden Tearing, Cracking, Bulging<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Explosion<\/h5>\n<\/p><\/div><\/div><\/div>
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Vehicles<\/h5>\n<\/p><\/div><\/div><\/div>
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Vandalism<\/h5>\n<\/p><\/div><\/div><\/div>
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Weight of Snow<\/h5>\n<\/p><\/div><\/div><\/div>
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Freezing<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The HOB: Basic Open Perils Policy” font_container=”tag:h2|text_align:left|color:%23274e95″ use_theme_fonts=”yes”][vc_column_text]The HOB is the first open perils<\/a> policy that is a Texas home insurance policy. This policy is roughly equivalent to the HO3<\/a> insurance policy used nationwide.<\/p>\n

The biggest difference between the HOB<\/a> and the lesser policies HOA and HOA+ is that – rather than listing perils that are covered – it lists the perils that are excluded from coverage.<\/p>\n

The excluded perils on the HOB are the following:[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/3″]

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Earth Movement<\/h5>\n<\/p><\/div><\/div><\/div>
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Power Failure<\/h5>\n<\/p><\/div><\/div><\/div>
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Nuclear Hazard<\/h5>\n<\/p><\/div><\/div><\/div>
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Collapse<\/h5>\n<\/p><\/div><\/div><\/div>
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Settling, Expanding<\/h5>\n<\/p><\/div><\/div><\/div>
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Smog, Corrosion<\/h5>\n<\/p><\/div><\/div><\/div>
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Mold, Fungus, Rot<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Ordinance \/ Law<\/h5>\n<\/p><\/div><\/div><\/div>
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Neglect<\/h5>\n<\/p><\/div><\/div><\/div>
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Intentional Loss<\/h5>\n<\/p><\/div><\/div><\/div>
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Birds, Vermin<\/h5>\n<\/p><\/div><\/div><\/div>
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Ag. & Ind. Smoke<\/h5>\n<\/p><\/div><\/div><\/div>
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Wear & Tear<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]
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Water Damage<\/h5>\n<\/p><\/div><\/div><\/div>
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War<\/h5>\n<\/p><\/div><\/div><\/div>
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Govt. Action<\/h5>\n<\/p><\/div><\/div><\/div>
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Owned Animals<\/h5>\n<\/p><\/div><\/div><\/div>
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Mech. Breakdown<\/h5>\n<\/p><\/div><\/div><\/div>
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Pollutant Discharge<\/h5>\n<\/p><\/div><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The HOC: Full Open Perils Policy” font_container=”tag:h2|text_align:left|color:%23274e95″ use_theme_fonts=”yes”][vc_column_text]The best Texas home insurance policy is the HOC. The HOC equivalent is the HO5<\/a> home insurance policy.<\/p>\n

The HOC<\/a> is an upgraded version of the HOB. The HOB covered the home for open perils, but the contents within the home for named perils.<\/p>\n

The HOC, on the other hand, covers both the home and its contents for open perils. The exclusion list for the HOC policy is the same list as can be seen above in the HOB.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n\t\t\t

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