Purchasing homeowner’s insurance is an important decision. You should have a good understanding of your insurance plan’s coverage, cost and your insurer’s reputation. In Texas, there are three things everyone should know before buying homeowner’s insurance.

For one, the location of your home is very specific to your premium. Texas is a very large state with multiple climates and geographical areas. Extreme weather conditions are not uncommon – especially those that cause homeowner’s insurance claims. In the past, heavy snow and ice storms have plagued the panhandle, dangerous hurricanes soared along the Gulf Coast, wild fires have surged across the center of the state and tornadoes have ripped through countless neighborhoods and communities. Home insurers may charge higher premiums for homes located in specifically dangerous areas.

The second thing to remember before purchasing Texas homeowner’s insurance is that there are multiple home insurance policies to choose from – each of which offer differing coverage options. It is important to choose a policy that provides protection for the structure and physical components of a home, as well as its contents. Additionally, be sure to include liability coverage, which protects you from financial liability for another person’s injuries sustained on your property.

Finally, be sure to remember that Texas insurers do not provide coverage for flooding to homeowners in the state. If you live in a flood-prone area or think that your home could possibly be affected by flooding in the future, it is a good idea to purchase a separate flood insurance policy in addition to your primary Texas homeowner’s insurance plan. Many communities in Texas participate in the National Flood Insurance Plan, which is backed by the federal government.