Home Insurance in Corpus Christi, TX
The promise of surf, sun, and fun brings millions of tourists to Corpus Christi each year, many from inland parts of Texas, but as one of the Lone Star State’s must-see destinations, the Sparkling City by the Sea attracts tourists from all over. Over a half million people call the Corpus Christi area home, a number increasing each year, making Corpus Christi the 8th largest city in Texas.
Insuring a house in Texas’s own paradise by the Gulf has some special considerations. Snow isn’t much of a concern — ignoring 2004’s white Christmas — but wind, rain, and other risks can damage a home in many ways and it’s important to understand how your policy can protect you.
Fax: 866-902-2976
Cost of Homeowners Insurance in Texas
Residences located inside Corpus Christi are slightly less expensive than in the surrounding metro area, with the city having a mix of both old and new priced at a median value of about $205,000. While housing is generally affordable, life by the Gulf has its costs, one of which can be home insurance premiums.
Rates for home insurance in Corpus Christi can vary significantly depending on many factors including your rebuild cost. A recent study found the average cost of homeowners insurance in Corpus Christi, TX to be about $3,600 per year. Bear in mind that waterfront properties drive averages upward and smaller or average homes are less expensive to insure.
Coverages
Your home insurance policy is made up of several coverages, each of which protects you or your home in a different way.
Dwelling Coverage
The coverage that pays to repair your building itself is called dwelling coverage. You’ll want to insure your residence for the full cost of rebuilding if it is damaged or even destroyed by a covered peril. A peril is just a risk, like a fire or water damage from a burst pipe.
Dwelling coverage includes the main building, but a related coverage, called Other Structures covers your fencing, sheds, or any other unattached structure.
Personal Property Coverage
Your personal belongings, including your furniture, electronics, clothing, and other possessions are covered by personal property coverage.
There are some special considerations for this coverage and our Corpus Christi insurance agents can walk you through your options. Personal property can be covered for Actual Cash Value (ACV), which is how most policies are structured, or it can be covered for Replacement Cost Value (RCV). Actual cash value is a depreciating value based on wear and tear due to age, similar to how car insurance works. Replacement cost value pays the cost of replacement for your damaged or lost property.
Jewelry and other types of valuables often don’t depreciate but coverage can be limited on many policies. Ask your agent how to fully insure your jewelry and valuables. Your options usually include scheduled item coverage or a separate policy specifically for valuable personal items.
Liability Coverage
Your policy also comes with liability coverage to protect your building against costly lawsuits. Coverage amounts begin at $100,000.
Windstorm Insurance & Flood Insurance
Living within reach of the Gulf’s saltwater breezes comes with some risks. For windstorm coverage, including hurricanes, many insurers may require a special deductible or a special rider to your policy. Floods are similar challenge. Homeowners insurance doesn’t cover floods, but you can purchase a separate flood policy. Many policies exclude wind coverage which means you have to purchase a separate wind policy.
Our office is located near Moore Plaza and the Oso Beach Municipal Golf Course.