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Home Insurance

Home Insurance Quotes
Bee Cave Insurance Agency 

Call now for home insurance quotes from some of the best insurance companies. We provide a thorough evaluation of your insurance needs and options to better protect your family & property. We'll bundle your policy with auto insurance for max discounts, and find the best fit for your family. We offer the more comprehensive HO-3 & HO-5 homeowner policies. Our goal is to provide our clients with Better Coverage, Service & Rates! Call Now To Work With A Local Licensed Insurance Professional.

3 Things everyone should know about their home insurance policy to avoid surprises at claim time: 

1) Policy type: HO-2, HO-3, or HO-5 (read below).

2) Roof coverage from wind & hail damage - roof payment schedule/actual cash value (ACV) or replacement cost value (RCV), and does your policy change to ACV when your roof gets older.

3) Does your policy include a cosmetic hail damage exclusion?

Plants Home Decor

Home Insurance Policy Types: HO-2, HO-3, HO-5

Most home insurance policies on the market are different, and not understanding the key differences could cost you thousands of dollars at claim time, or possibly a denied claim. The HO2 policy (most basic) is a “named peril” policy that covers your home and personal property for about 16 named perils. The HO3 policy provides better “open peril” coverage for your home and named peril coverage for your personal property. The HO5 policy is the most comprehensive policy providing open peril coverage for both your home and personal property. Open peril policies provide coverage for any sudden & accidental loss unless specifically excluded in the policy vs. the specific 16 "named perils" because there are more than 16 perils that could damage your home. Call today, we're here to help you navigate home policy differences, limits, and options. 

Types of Roof Coverage

Home Insurance Discounts

Home insurance policy discounts include: age of home, multi-policy, gated community, claim free, newer roof, hail resistant roof, monitored alarm system, and fire sprinkler system.  

Wind & Hail damage to your roof can be paid based on a Replacement Cost Value (RCV) basis, or Actual Cash Value / Payment Schedule (ACV) basis. RCV policies pay the total cost to replace your roof minus your deductible. ACV or Payment schedule policies pay the total amount to replace your roof, minus depreciation (based on the age of your roof), and then minus your deductible. Some policies provide RCV coverage for a number of years and then the insurance company changes the policy to ACV coverage - usually after your roof is 10 to 15 years old.

Example: roof replacement cost is $40k, depreciation is $20k, and deductible is $10k. With RCV coverage you would pay $10k for your new roof. With ACV coverage you would pay $30k for your new roof. Some policies include a cosmetic hail damage exclusion - no coverage if the hail damage to your roof is only cosmetic. Give us a call, we'll find the best fit to protect your home & family.

Frequently Asked Questions

Which home insurance policy is best? The best home insurance policies in Texas are the HO-3 & HO-5 policies that include "open peril" coverage. Give us a call, we'll help you choose the best policy options, and discounts to protect your family.

Open Peril coverage vs. Named Peril coverage? Open peril coverage is more comprehensive and covers your property for any sudden & accident loss unless specifically excluded in the policy. Named peril coverage is more basic and covers your property for about 16 named perils. Unfortunately, there are many more than 16 things that can damage your home. The HO5 policy (best) provides open peril coverage for your home & personal property, the HO3 policy (better) provides open peril coverage for your home and named peril coverage for your personal property, and the HO2 policy (good) provides named peril coverage for your home & personal property. 

How much home insurance do I need? Insurance companies use replacement cost estimators to estimate the replacement cost value of your home. This includes characteristics of your home like size, construction type, interior quality and more. Make sure the dwelling limit on your homeowners policy is up to date, as it's estimated that over 60% of homeowners are underinsured. We review your policies every year, and will help you keep an eye on the big picture. 

How much home insurance costs? The cost is different for every home, but the main rating factors are location, age of home, exterior construction type, roof type & age, insurance score, and distance to responding fire department. We have many options to choose from in order to find the best fit to protect your family and home. 

Are you near me? Yes, we're located West of Austin, Texas in the Bee Cave & Lakeway areas.  Local zip codes include: 78738, 78734, 78733, 78735, 78746, 78620, 78669.

Why home insurance rates increase? This is usually because of three items. First, most insurance companies increase the amount your home is insured for each year to keep up with inflation. Second, some of the discounts on homeowner policies decrease each year - age of home, and age of roof. Third, home insurance rates can increase based on increased frequency & severity of claims. In Texas, we're experiencing more catastrophic storms, and the cost to repair homes based on building materials & labor is going up. We'll help you find a good balance between quality coverage for one of your biggest assets and cost.

Where to buy home insurance? Online shopping is becoming more prevalent, but attempting to navigate insurance policies & coverage limits without a licensed professional could cost you thousands at claim time. We have found that many people using online insurance companies end up with inadequate coverage and higher rates. Give us a call, we make finding the right coverage easy and painless.  


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