Lewisville Homeowners Insurance

Your Complete Guide to Lewisville, TX Homeowners Insurance

(How to get a competitive premium.)

Home to the MCL Grand Theater and well-manicured parks, Lewisville, Texas, features a lot of recreation. This town is known for its nearness to Lewisville Lake, making it an outdoor delight. 

If you own a home in this city of 106,021 residents, homeowners insurance is a necessity. Click on this independent insurance agent tool to find an agent who will help you get the coverage you need. 

How to Protect Your Lewisville, TX, Home From Disasters

Lewisville, TX has its fair share of natural disasters. Some of the most common can be severe, causing extensive damage. Your homeowners insurance policy needs to have coverage for all that nature throws at it. Let's look at the facts:

  • Major disasters declared by a president of the US: 7
  • States of emergency declared: 9
  • The number of natural disasters on average: 17

The Most Common Natural Disasters in Lewisville, TX: 

  1. Storms
  2. Fires
  3. Floods
  4. Hurricanes
  5. Tornadoes

If you go without the proper insurance limits, you could lose more than your home. Your personal finances may have to foot the bill if your homeowners policy is not adequately written. Contact your independent agent to make sure you have the right coverage.

Extreme Weather Losses in Lewisville, TX:

  • Power outages: These could make a bad situation worse. If your power goes out, it can damage your home appliances and cause the loss of cold or frozen foods. 
  • Property damage: When your home becomes unlivable until replacement or repair, you'll need a place to stay. Additional living expense coverage will help pay for your stay. 

The Price of Homeowners Insurance in Lewisville, TX

The cost of insurance can vary depending on where you live and specific information about your home and claim history, among others. If you know the averages, you can better determine where your home rate stands:

  • National average annual premium: $1,173
  • Texas average annual premium: $1,991
  • Lewisville average annual premium: $1,207

The average rate in Lewisville is  lower than the state average, which means your rates could be less. The best way to know your home premium is to have your independent agent run some quotes. 

Burglaries in Lewisville, TX and Your Home Insurance

The average number of Lewisville home break-ins is lower than the state and national averages. This bodes well for you and can mean your rate will fall somewhere near that average. Of course, there are outliers, and your premiums may be off the chart. Get with your independent agent to discuss how burglaries affect your home insurance rates.

The Number of Burglaries per 1,000 Homes:

  • National average: 4.69
  • Texas average: 5.34
  • Lewisville average: 3.54

Another thing to discuss with your Lewisville agent is any personal belongings you want to cover. Scheduling certain high-value items is necessary for a proper replacement. A deductible is not usually involved, and it can cover things like mysterious disappearance and theft. 

What about Flood Insurance for Your Lewisville, TX Home?

Not many people are aware that flood insurance is a separate policy from your homeowners insurance. That means that flood damage to your home is excluded from your primary home policy. 

With flooding being in the top five most common natural disasters in Lewisville, you won't want to miss this policy. An agent can help you choose the right flood insurance for your property: 

Step #1 - Connect with an independent insurance agent.

Step #2 - Have the agent pull the elevation certificate to find the flood zone your property is in.

Step #3 - Have your agent quote flood insurance with FEMA-approved carriers.

Step #4 - Purchase flood insurance through your independent agent.

Does Your Lewisville, TX Home Need Liability Insurance?

Your Lewisville homeowners policy has liability insurance automatically included. The majority of home policies will require liability insurance, starting at $100,000 and going up to $1,000,000 in coverage. Let's look at what liability coverage will insure:

  • Protects your financial assets if you are legally responsible for damage or injury to another person or property.
  • Protects other household members who are legally responsible for damage or injury to another person or property.

Liability Claim Example:

If your tree falls on your neighbor's roof, causing a gaping hole, your liability insurance would respond and pay for the damage. This claim happens quite often, so be sure your liability coverage is adequate.

Find an Independent Insurance Agent in Lewisville, TX

Lewisville, TX is a relatively large city, and there are many agents you could work with on your home insurance. The benefit of working with an independent agent in Lewisville is that you get the best of both worlds.

An independent insurance agent can run home quotes with multiple carriers at once, saving you time and money. Connect with a local independent agent at TrustedChoice.com to start shopping now.

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