Home Insurance Quotes
Bee Cave Insurance Agency
Shopping for homeowners insurance? Not all homeowners policies are created equal – and not understanding the differences could cost you thousands at claim time or even result in a denied claim. Here are three key things to watch, so you’re not surprised when you need your coverage the most:
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Policy type: HO-2, HO-3, or HO-5 – each offers very different levels of protection.
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Roof settlement type: Replacement Cost Value (RCV) or Actual cash value (ACV).
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Cosmetic hail damage: Know whether your policy covers or excludes cosmetic hail damage.
Many homeowners focus only on coverage limits and premiums, but your policy details determine how well your largest asset is protected – see illustration below. The cheapest policy rarely offers the best protection when the unexpected happens. At Bee Cave Insurance Agency, we’re an independent insurance agency representing top-rated companies that provide comprehensive coverage, competitive rates, and dependable claims service. Call Now – we’ll evaluate your insurance needs and present better options to protect your home and family.
Home Insurance Quote - Illustration
If The Policy Limits Below Are The Same, Why Are The Premiums So Different?
When shopping for home insurance, remember – it’s not just about the numbers
on the page. Pay close attention to your policies type, endorsements, exclusions,
and the insurance company’s financial strength and complaint record to help you
avoid costly surprises at claim time.
Home Policy Limits & Policy Types HO-2 Policy HO-3 Policy HO-5 Policy
Dwelling Limit 750,000 750,000 750,000
Other Structures 75,000 75,000 75,000
Personal Property/Contents 375,000 375,000 375,000
Personal Liability 500,000 500,000 500,000
Covered Perils: Named Open Perils Open Perils
Named Perils or Open Perils Perils Dwelling Dwelling & Contents
Wind/Hail Roof Damage Settlement: Payment Replacement Replacement
Replacement Cost (RCV) or Payment Schedule (ACV) Schedule Cost to 2035 Cost
Cosmetic Hail Damage Coverage - Metal Surfaces Not Covered Not Covered Covered
Annual Premium $3,592 $4,580 $5,290
Home Insurance Policy Types: HO-2, HO-3, HO-5
Not all home insurance policies offer the same level of protection — understanding the difference can save you thousands at claim time.
· HO-2 (Basic Coverage): A named-peril policy that covers your home and personal property for about15 specifically listed causes of loss.
· HO-3 (Standard Coverage): Provides open-peril coverage for your home (broader protection) and named-peril coverage for personal property.
· HO-5 (Comprehensive Coverage): The most complete policy type, offering open-peril coverage for both your home and personal property.
Open-peril policies protect against any sudden and accidental loss unless specifically excluded — unlike named-peril policies that cover only specific listed losses. Because there are far more than 15 ways your home can be damaged, choosing the right policy type is crucial.
Call Bee Cave Insurance Agency first — we’ll help you navigate policy differences, coverage limits, and options so you can make a confident, informed decision about protecting your home and family.
Types of Roof Coverage
Wind and hail damage to your roof can be covered in two primary ways: Replacement Cost Value (RCV) or Actual Cash Value (ACV) - usually called Payment Schedule.
RCV (Replacement Cost Value) policies pay the full cost to replace your roof—minus your deductible, and no deduction for depreciation as long as you complete the repairs.
ACV (Actual Cash Value) or Payment Schedule policies pay the replacement cost minus depreciation (based on your roof’s age) and then subtract your deductible.
Some insurance companies start with RCV coverage for a set period (often 10–15 years after your roof is installed) and then automatically switch to ACV coverage as your roof ages.
Example:
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Roof replacement cost: $40,000
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Depreciation: $20,000
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Deductible: $10,000
With RCV coverage, you would pay $10,000.
With ACV coverage, you would pay $30,000.
Additionally, some policies include a cosmetic hail damage exclusion, meaning damage that only affects appearance—but not function—is not covered. Cosmetic damage can hurt your home’s resale value and could make it difficult to change insurance companies in the future.
Understanding your roof coverage now can save you thousands later. We’ll review your policy and help you choose the protection that keeps your home—and your investment—fully covered.
Home Insurance Discounts
You may qualify for savings on your home insurance policy. Discounts may include:
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Multi-policy discount – Save when you bundle your home and auto insurance.
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Newer home discount – Newer homes often qualify for lower rates.
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Claim-free discount – Reward for maintaining a clean claims record.
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New or hail-resistant roof discount – Stronger roofs mean better protection and savings.
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Monitored alarm or fire sprinkler system discount – Extra safety features help lower costs.
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Gated community discount – Added security can reduce risk and premiums.
We’ll help you maximize every discount available while ensuring your home is properly protected.
Frequently Asked Questions
Which home insurance policy is best?
In Texas, the best home insurance policies are the HO-3 and HO-5. Both include “open peril” coverage for stronger protection. Every home and family is different—give us a call, and we’ll help you compare policy options to ensure your home and assets are fully protected.
Open Peril coverage vs. Named Peril coverage?
Open Peril coverage offers the most comprehensive protection—it covers your home and belongings for any sudden and accidental loss unless specifically excluded in the policy.
Named Peril coverage is more limited—it only protects against specific causes of loss listed in your policy (typically around 15 perils). Unfortunately, there are more than 15 ways your home can be damaged. Choosing the right policy can make all the difference when the unexpected happens. We’ll help you compare your options and find the right balance of coverage and value for your home.
How much home insurance do I need?
Insurance companies use replacement cost estimators to calculate how much it would cost to rebuild your home—considering factors such as size, construction type, materials, and interior features. It’s important to keep your dwelling coverage limit up to date, as studies show that over 60% of homeowners are underinsured. At Bee Cave Insurance Agency, we review your policy each year to ensure your coverage reflects today’s construction costs—helping you stay fully protected when it matters most.
How much does home insurance cost?
Home insurance costs vary for every homeowner. Key factors include your home’s location, age, construction type, roof type and age, insurance score, and distance to your responding fire department. At Bee Cave Insurance Agency, we compare rates and coverage from multiple top-rated companies to find the best combination of protection and value for 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, 78657, 78669
Why do home insurance rates increase?
Home insurance rates can rise for several reasons:
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Inflation adjustments – Insurance companies often increase your dwelling coverage each year to keep up with rising construction costs.
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Discount changes – Some policy discounts, including newer home and roof decrease over time, effectively increasing your premium.
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Claim frequency and severity – In Texas, more frequent catastrophic storms and rising costs for materials and labor can increase premiums.
At Bee Cave Insurance Agency, we help you balance quality coverage and cost, ensuring one of your biggest assets—your home—is fully protected without overpaying.
Where should I buy home insurance?
Online insurance shopping is convenient, but navigating policies and coverage limits without a licensed professional can be risky—and costly—when a claim arises. Many homeowners who buy online end up underinsured or paying more than they should. At Bee Cave Insurance Agency, we make finding the right coverage easy and stress-free, comparing top-rated carriers to ensure your home and family are fully protected at a competitive rate.