Buying a home is a significant milestone, but it comes with both responsibilities and risks. Approximately one out of every 20 households file a homeowners insurance claim each year. While it’s not possible to prevent every situation that could arise, you can limit your exposure to financial loss by being prepared with the right coverage. The guide below explores some of the most common claims so you can take preventative measures.

What Are Common Types of Home Damage?

1. Wind & Hail Damage

Strong winds and hailstones frequently result in roof, siding, and window damage. In Texas, where both hurricanes and tornadoes occur, get regular roof inspections and invest in storm windows. Secure outdoor belongings whenever high winds are predicted. Lastly, consider adding windstorm coverage to their homeowners insurance. 

2. Theft

Burglaries account for an estimated 17.1% of all property crimes. A safe and home security system can help protect your valuables.

Additionally, standard homeowners insurance policies include protection for theft. The key is to make sure you have enough coverage for all of your belongings. High-value items, such as jewelry, artwork, and antiques, may require endorsements with increased limits to provide you with their full replacement cost.

3. Fire

A house fire occurred in the United States every 93 seconds in 2019. Some of the leading causes include cooking accidents, overexerted heating systems, malfunctioning appliances, and candles. 

Aside from keeping your smoke alarms in good working condition and having an ABC fire extinguisher readily available in the kitchen, protect yourself with sufficient property and loss-of-use coverage. This will help you rebuild, replace your possessions, and pay for temporary lodgings while your house is being restored.

If you're interested in bolstering your homeowners insurance, turn to the professionals at AreaWide Insurance Agency. These Morris County, TX, agents are dedicated to providing personalized coverage solutions that offer maximum protection for your property and belongings. They believe in transparency and will lay out the pros and cons of various providers' policies to help you make an informed decision. Call (903) 897-5651 to request a quote. Visit them online to learn more about the products and services they offer.