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The State of Texas boasts of quite the considerable number of home owners. According to Livability, of all the homes in TX, 63% of them are owned. There are a lot of good reasons behind people wanting not only to live here, but to be a property owner as well, and one of them is because of the state’s natural beauty and good overall quality of living.

There’s more to being a home owner in Texas than just giving you pride and joy though. It’s actually because of this pride and joy, not to mention the fact that your home is supposed to be one, if not the safest haven for you and your family that you need to protect and secure it from potential damages and losses. A Texas homeowners insurance policy will help you make sure of this.

A necessity, not a luxury

Smart home owners treat this particular type of insurance as a necessity and not a luxury. As the Texas Department of Insurance states, aside from most mortgage companies requiring their borrowers to have it, it’s the most practical way to protect your home and the valuable properties it contains. This is why you shouldn’t treat homeowners insurance lightly. It can make all the difference in the event that a disaster strikes and hits your home.

In 2014, FEMA summarized the top three causes of house fires: cooking as the leading cause (50%), malfunctioning heating equipment (furnaces, boilers, etc.) account for 12.5%, and electrical problems account for 6.3% of all incidents.

Fire: One of the biggest threats to your home

Fire is one of the dangers that can have extremely damaging effects to your home, valuables, finances, and most importantly, life. It is also one of the most common reasons homeowners insurance policy holders file for claims. It results in major losses. In fact, according to the Federal Emergency Management Agency (FEMA), in 2013 alone, fires caused a total loss of $11.5 billion.

The worst part is, there are just so many things that can lead to a fire starting in a home. In 2014, FEMA summarized the top three causes of house fires, citing cooking as the leading cause (50%). Malfunctioning heating equipment (furnaces, boilers, etc.) account for 12.5% of all fires in the country, while electrical problems account for 6.3% of all incidents.

The State Fire Marshal’s Office of the Texas Department of Insurance listed a total of 72,124 fires that occurred in 2014. These unfortunate events led to $662,625,954 worth of property loss and 780 civilian fire injuries.

Staying proactive to reduce risks of a house fire

From the numbers mentioned above, you can already see just how disastrous a fire can be. This is why maintaining a Texas homeowners insurance policy with the right amount of fire coverage should remain on top of your list of priorities.

Just as important though is to stay proactive and do your part in minimizing the possibilities of a fire starting in your home. Here are some tips on how you can prevent this life-altering event from occurring:

  • Always pay attention whenever you cook something in your home. Even the smallest spark can already pave the way for a huge fire.
  • Don’t delay repairs when you have malfunctioning heating, ventilation, and air conditioning (HVAC). The same goes true for your other heat-using and –producing gadgets, equipment, and appliances.
  • Have your house’s entire electrical platform checked by a professional at least once a year.
  • When it’s time to replace cooking, heating, as well as other electrical- and heat-using/generating devices, do so as soon as possible.

Aside from helping you lessen the risks of house fires, these preventative measures can also actually help you get a discount for your Texas homeowners insurance policy. Many insurers in the state offer money-saving deals to their clients who implement effective fire prevention strategies.  

References:

https://www.tdi.texas.gov/pubs/consumer/cb025.html

https://www.usfa.fema.gov/data/statistics/

https://www.tdi.texas.gov/reports/fire/documents/fmtexfirs2014.pdf