For over 16 years, we have dedicated ourselves to serve the distinctive needs of Houston homeowners, building a legacy of trust and expertise in the insurance industry. With thousands of satisfied customers in Houston alone, we pride ourselves on our ability to provide personalized insurance solutions that align with the constantly developing needs of this bustling metropolis.
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281-360-4646
David Fisher2024-02-29Anytime I need something Linda is on top of it. I couldn’t ask for anything better.Lisha Gilliam2023-11-08I would like to HIGHLY RECOMMEND Riches Insurance Agency for anyone that is shopping around for insurance!!! I am SO VERY HAPPY to say that collectively they just saved me $1,921/yr on my Home and TWIA insurance!!! Abbey is absolutely AMAZING, she is very thorough and helped me to understand all of my options!!!! Thank you very much, I greatly appreciate all your efforts!Keith Dabney2023-10-17Very responsive, was able to make last minute policy changes.john redington2023-09-06been happy here for yearsKeith McDonald2023-08-03My wife and I have been with Richey Insurance for more than 10 years. Probably more than 15yrs. Of all that time, I feel we have very good customer service excluding one time during Covid when they was short on employees and a major insurance company closed policies so they were busy contacting customers and writing new policies. I like how they managed my accounts and hope they stay in business many more years! Lastly, we was helped by Neesha Heesen this last time. Very professional and kept me informed via phone, text and email.Lisa C2023-07-17Everyone listen to my questions and worked to get me what I wanted.
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Dwelling Coverage
Liability Protection
Personal Property Coverage
Additional Living Expenses
Other Structures
To estimate the cost of homeowners insurance in Houston, TX, our experienced team used a sample calculation considering several key factors: your credit score (assuming it is average), whether you own or rent (ownership assumed here), the type of dwelling (a house in this example), the replacement cost of the house ($200,000), the age of the house (ranging from 10 to 34 years), and the exterior construction material (brick).
By analyzing rates from 33 different insurance carriers, the lowest annual cost calculated for homeowners insurance based on these criteria is approximately $971 ($80.91 Monthly), while the highest can go up to $12,934 ($1,077.83 Monthly).
Please note that your rate may vary based on specific attributes of your home and personal situation. Additionally, the rates provided are as of April 2024 and are subject to change over time.
Houston, Texas, faces unique weather-related challenges, including severe thunderstorms, hurricanes, and flooding.
Due to its geographic and climatic conditions, standard homeowners insurance policies often need to be supplemented with additional coverage to fully protect against these specific risks.
Below, we detail the supplemental coverages that are worth adding to your homeowners insurance in Houston:
Hail can cause serious damage to windows, roofs, and other exposed parts of your house.
In Houston, hail storms are not uncommon, especially during the spring months. Houston experienced 9 significant hail events last 2023, indicating a notable risk for property owners.
Adding hail coverage to your homeowners insurance policy helps cover the cost of repairs from such damage, which can otherwise be a significant financial burden.
Windstorms, including hurricanes, pose another significant threat to your Houston home. Hurricane Harvey in 2017 is a clear reminder, with winds causing major damage to properties across Houston and surrounding areas.
Windstorm coverage is designed to protect your home from damage caused by high winds, covering repairs to the home and other structures on your property (e.g., porches, sheds, and fences).
Perhaps, flood insurance is the most critical coverage addition for Houston residents.
Houston’s flat terrain and proximity to the Gulf of Mexico make it extremely vulnerable to flooding, not just from hurricanes but also from heavy rainfalls and faulty drainage systems.
Hurricane Harvey, for example, resulted in catastrophic flooding, affecting over 300,000 structures in Texas alone and causing billions of US dollars in damages.
Standard home insurance policies do not cover damages from floods; therefore, a separate flood insurance policy is necessary for comprehensive protection.
Richey Insurance Agency specializes in providing flood insurance solutions that meet the specific needs of Houston residents. Given Houston’s vulnerability to both flooding and storms, it is important to understand and mitigate your risk.
“Richey Insurance Agency works for you, not just one insurance company!”
As an independent insurance agency, we collaborate with 40+ top-rated insurance carriers. This way, we can compare different policies and find the best rates and coverage options tailored specifically to your needs.
Houston, affectionately known as the “Space City,” offers a vibrant blend of cultural diversity, economic growth, and a temperate climate making it a sought-after destination for both lifelong residents and newcomers.
If you are investing in a home in Houston, you are not just securing a place to live, but also embracing the opportunities and lifestyle that define this dynamic city.
However, recalling what has been discussed above, the threat of hurricanes and the potential for flooding are real considerations. It’s important to have a home insurance policy that comprehensively covers these and other risks.
Richey Insurance Agency understands these intricacies, and we provide customized insurance policies designed to give you the best possible home protection at an affordable price.
Our experienced team is always online and here to guide you through the process and help you find the best possible coverage for your Houston home. Contact us today to get started with a personalized quote.
If you prefer a face-to-face conversation, our doors are always open. Here’s your Google Map guide:
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Beyond the tangible benefits, having a comprehensive home insurance policy provides peace of mind. Knowing that you are prepared for any eventuality allows you to focus on your family and other aspects of your life.
Home insurance acts as a financial protector that helps you rebuild and recover without the burden of overwhelming expenses should your home be damaged by unpredicted events, such as floods or severe storms.
Most mortgage lenders require homeowners to maintain insurance as a condition of their loan. The advantage is that you not only meet these requirements but also protect your investment.
Speak To Our Experts
281-360-4646
Each policy we create is designed to meet the needs of your Houston neighborhood. We guarantee that your coverage is as individual as your home.
With access to over 40 reliable insurance carriers, we provide a wide range of options, allowing us to find the most competitive rates and best coverage available.
Richey Insurance Agency has deep knowledge of Houston’s diverse areas — from the busiest Energy Corridor to the calm suburbs. We are uniquely qualified to advise you on the best protection for your property.
We understand the weather risks in Houston. Whether it's protection from hail, floods, or hurricanes, our policies are crafted to provide the right coverage against Houston's most common perils.
We've built a foundation of trust with thousands of homeowners across Houston, protecting their properties. Upholding integrity and a commitment to customer satisfaction are just part of our strong mission.
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346-250-0962
(As of 2024)
2,305,889
Homeowners insurance is a type of property insurance that covers losses and damages to an individual’s residence, along with furnishings and other assets within the home.
Home insurance typically provides a safety net for damage from incidents such as severe storms, fire, and burglary, as well as liability coverage for accidents that may occur on the property.
Homeowners insurance is essential as it protects your largest investment—your home. It guards against financial loss caused by disasters, theft, and accidents that might otherwise severely impact your financial well-being.
Additionally, most mortgage lenders require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price) and won’t make a loan or finance a residential real estate transaction without proof of it.
Several factors can affect the rate of your home insurance premium. Key elements include:
Homeowners insurance policies come in several forms, designated from HO-1 through HO-8.
These policies differ based on the type of residence you have and the extent of coverage provided. HO-3, which covers open perils except for those explicitly excluded, is the most common. Each type addresses specific needs, from standard single-family homes to renters and old, historic homes.
To reduce your home insurance premium, consider increasing your deductible if financial circumstances allow for a higher out-of-pocket expense during a claim.
You can also update your home to make it more disaster-resistant and install safety devices that may reduce premiums.
Regularly reviewing your policy and ensuring you’re not over-insured can also keep costs down.
For most people, personal homeowners insurance is not tax-deductible. However, if you use part of your home for business purposes or if you rent out part of your property, a portion of the homeowners insurance may be deductible as a business expense.
Yes, most insurance companies offer flexible payment plans, allowing you to pay premiums monthly, quarterly, or annually. Opting for monthly payments can ease the financial burden of a lump sum annual payment.
Both the homeowner and the insurance company can cancel a policy. The insurer can cancel within the first 60 days and must provide advance notice if canceling mid-term due to non-payment or material misrepresentation. Homeowners can cancel their policy at any time and may receive a refund of the remaining premium if they pay in advance.
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