Category : Home Insurance Mckinney TX

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Do I Need to Have Home Insurance When You Rent a Property?

Do I Need to Have Home Insurance When You Rent a Property? If you do not own the property, the property owner must have homeowners insurance. However, you may want to have renter’s insurance to cover your belongings. If you own the property, then you must have homeowners insurance. Your renter may want to have renters insurance. Currently, there is no law in Texas stating that you have to purchase renters insurance. However, many apartments and rental properties require that you have renters insurance to rent from them. Read more
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What Is Texas HOA Law? (Explain 5/10/15 Advantages & Disadvantages)

What Is Texas HOA Law? (Explain 5/10/15 Advantages & Disadvantages) This is a very complex and complicated question. It involves the benefits and risks of buying a property to live in and renting out the additional space in that building. The equity return you would receive on sale, or 1031 tax-free reinvestment of this property calculates an equity return on 5, 10, and 15 years. These estimates are all speculative and should be considered based on the risk level of the individual. To understand the advantages and disadvantages of this type of investment, please consult a trained financial investment counselor. Read more
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Why Should I Buy Homeowners Insurance?

Why Should I Buy Homeowners Insurance? If your house is financed, it is a requirement for all financial companies. Most people have the homeowners insurance as part of their mortgage. The biggest investment most people make is their home. Of course, you want to protect your investment. Should you have a catastrophic event like a fire, you would not have any other way to recoup your loss. Read more