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Home Insurance

home insurance questions

When it comes to homeowner’s policy, everyone has a story about what is covered and what isn’t. While much of what is said may be true, misinformation can get passed around in various ways. So if you have questions about what your homeowner’s policy covers, ask your agent. They can clear up any misinformation and get you back on track with the right coverage.

Do Older Homes Have Cheaper Policies?

Older homes often cost you more than a new home. Part of the reason for this is the quality of the materials and workmanship. Older materials may not have been built according to industry standards. Standards have changed over the years, making older homes seem more dicey than a new home built to today’s strict guidelines and codes.

Are All Natural Disasters Covered?

In many cases, most natural disasters are covered. There are a few exceptions, however. One exception is flooding simply because flood plains designate flood-prone areas. If you live in a flood plain, the best way to protect your home is with flood insurance.

Are My Valuables Covered?

Your personal possessions will be covered by your homeowner’s policy for face value. If you have antiques or other types of valuables, you will need to purchase another policy to make sure each item has sufficient insurance coverage.

Is Basic Coverage Sufficient?

Basic coverage is fine if you want to cover only your home. However, when it comes to liability, a claim can be devastating. This is especially true since many “basic” policies have a price cap on how much they will pay for specific things.

Why Do I Need Liability Coverage?

If a person trips and falls on your property, you are liable for their medical bills, as well as any time they may have missed work. With liability coverage, your insurance company takes the hit and allows you to keep your homeowner’s policy in place.

Do I Have to Report Long Vacations to My Insurance Company?

It’s important to report any long-term vacations to your insurance company. You may want to have a friend or neighbor look in on your property every few days. This gives the impression that someone is close by and may actually deter burglars away from the property.

Will Proper Maintenance Keep My Premiums Low?

Proper maintenance is the best way to keep your home in good shape. If you don’t maintain your property, things will start to break down, and your home will lose its value. Keep it up and keep it nice, and your home’s value will continue to rise!

If you wish to learn more about the many homeowners’ insurance policies, contact us at The Schwab Agency in Colleyville, Texas. Our team can dispel the myths and find a policy that will provide the coverage you want and need to protect your home.

Home protection from stealing

The threats of theft and vandalism are increasing, so homeowners would like to increase the security and protection of their homes. You need to add security systems and upgrade certain areas to remain safe and secure inside your home.  Following tips will help you protect your home from vandalism and theft:

  • Assess and upgrade the existing infrastructure of your home, such as the doors and windows.
  • Install an outdoor security light, preferably one with motion sensors to detect and prevent intruders.
  • Restrict unauthorized entry to your residential premises by having a privacy fence or property boundary.
  • Lock up the open, accessible, and unprotected areas such as your garage, outhouse, stockroom, shed, etc.
  • Keep the surrounding areas clean. A messy driveway may attract thieves or vandals and make it easier for them to practice criminal activities.
  • When you are away from your home, ask your friend or neighbor to stay around or keep an eye on your premises. They can inform if they can see anything unusual.
  • If you have a backyard and front yard, you may strategically plant trees and bushes to make parts of your home inaccessible to the intruders.
  • To experience ultimate home protection, you can set up a home security system with surveillance cameras, motion detectors, alarms, and other necessary systems.
  • You can employ a professional home security and monitoring agency to secure your home.
  • Make sure you stay vigilant. Take immediate action when you notice any suspicious activity or damage to your property.

All the above measures will ensure that your home is protected from vandalism and theft. Along with these, you need to have the proper insurance to protect your home from unexpected incidents. Contact the experts at The Schwab Agency in Colleyville, Texas, for all your insurance needs. We will help you choose the right coverage that protects your home and its belongings.

home insurance quote agencies

Your home is one of the most valuable assets for you and your family. Keeping your house safe should be one of your top priorities, and you must be willing to secure it in all possible ways. Protect it from external threats by getting homeowners insurance.

Experts at various home insurance agencies are trained in evaluating risk factors like local weather, crimes, and disasters to provide a suitable quote for you. Following are a few factors to be aware of:

Weather and Natural Disasters

If your house is located in an area prone to natural disasters like floods, earthquakes, and hurricanes, the likelihood of you claiming your insurance would increase. This will cause the insurance premium to go up.

Crimes and Vandalism

If you live in an area where the rate of crimes such as break-ins, vandalism, and property damage is high, your insurance premium will be higher.

Credit Score

Your credit score is a big factor that will determine whether your insurance application gets accepted or not. A poor credit score generally faces higher premiums or may even be denied insurance.

How to Get High-Risk Homeowners Insurance

Here are some simple ways to help you get your homeowners insurance.

Ask Around the Neighborhood

If you are getting insurance for the first time or recently moved to a new location, a great way to decide is to talk to other people in the neighborhood. Ask your neighbors about their insurance policies and recommended providers that offer homeowners insurance in Colleyville, TX.

Contact an Insurance Agent

If this is your first insurance, you might get overwhelmed with the number of unknown procedures. Under such circumstances, it helps to be in touch with an insurance agent who will guide you along your way.

Research well and read all the related documents of your insurance policy before purchase. For more information regarding the best homeowners insurance in Colleyville, Texas, contact the experts at The Schwab Agency. We look forward to getting you covered.

swimming pool safety tips for summer

Summer is the best time to take part in outdoor activities. Spending some quality time in the swimming pool is a popular summer activity. However, swimming can pose some risks, so you have to follow some tips to ensure everyone’s safety.

Here are some of the swimming pool safety tips that can help you enjoy summer:

Build a Swimming Pool Fence

One of the safety tips for swimming pools is to have a fence around them. A fence acts as a barrier that keeps kids out of reach to the pool when there is no one to supervise them. Make sure your fence has self-closing and self-latching gates.

Take Precautions

The area around your pool can be wet and slippery, leading to minor accidents. To avoid injuries and mishaps from slipping and falling, try to keep the area around your pool dry.

Supervise the Children

Always watch your children to ensure they follow safety tips while swimming. Also, do not allow them to swim alone.

Have Life-Saving Equipment Ready

Make sure you have life-saving equipment such as a rescue tube, life ring, or hook to rescue people if they accidentally fall into your pool. You’ll also need to have a first-aid kit accessible all the time.

Check Cleanliness & Water Quality

Murky or dirty water can encourage mosquitoes, bugs, and algae to grow. To prevent your family from water-borne diseases, make sure to keep your pool water clean and hygienic.

Follow these safety tips to have a safe swimming experience. Another way that would help you remain safe and secure is by getting the right insurance coverage. For assistance with all your insurance needs and questions, contact the experts at The Schwab Agency in Colleyville, Texas today. We will help you choose the right insurance that meets your requirements and budget.

rat peeking out of home wall

Preventing common pest infestations.

During the warm spring months, insects and vermin are more active.  As a homeowner, this means that your risk for infestations is higher.  To ensure that your home isn’t overrun by unwanted guests, here are some of the precautionary measures that you should take.

  • Gnats

While gnats are more annoying than harmful, no one wants to a swarm of these tiny bugs inside their home.  The best way of keeping gnats out is by keeping your doors and any windows without screens closed.  You should also make sure that you don’t leave food or dirty plates lying around, as this can attract the winged invaders.  If gnats do manage to get inside, then you can trap them using apple cider vinegar.  Simply fill a jar a quarter of the way with the vinegar and place a funnel over the top of the jar.  The gnats will be attracted to the vinegar and fly into the funnel, but will not be able to get back out.

  • Ants

Ants are some of the worst pests to deal with.  When the weather turns warm, ants try to find ways inside homes so they can access food and water.  This is why one of the best ways to prevent an infestation is by never leaving food out.  The foods stored in your fridge and cupboards should be sealed in airtight containers, so ants are not attracted by the smell.  You should also inspect the areas around your home’s windows and doors and seal up any gaps or cracks where ants can enter from.  You can also attempt to ward ff ants using some home remedies.  Many homeowners claim that sprinkling cinnamon, coffee grounds, or chili powder around their homes’ points of entry is an effective way of keeping these tiny invaders away.

  • Mice and Rats

While most homeowners think about rodents infiltrating homes to escape the cold of winter, mice and rats are equal opportunity pests.  Regardless of the time of year, rodents are always looking for food, water, and shelter.  The best way to keep mice and rats out of your home is by sealing up any possible entry points.  Additionally, you should keep all food sealed up, so the smell doesn’t attract these pests.

These are some of the most common pests that homeowners have to deal with and what you can do to stop them from invading your home.  Want another way to protect your home and loved ones?  Then make sure you have the right homeowners insurance in place.  For assistance with all your home coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas today.

lightning storm

How you can avoid serious thunderstorm damage to your property.

If you live in an area prone to major thunderstorms, then you know just how devastating the damage left by these powerful storms can be.  This is why it’s so important to take steps to protect your home.  Here are some of the precautions that you should take around your property if a storm is brewing.

  • Install Storm Shutters

Because heavy rains and fierce winds can shatter your home’s windows, you should install storm shutters over them.  Not only will this prevent damage to your windows, but it also protects your family and belongings from getting hit by broken glass or debris.

  • Invest in a Surge Protection System

During thunderstorms, electrical lines are left vulnerable.  Lighting strikes can cause power outages, and falling trees can take out power lines.  Should this happen near you, then your home’s electrical system will probably hit with sudden power surges.  These surges can cause damage to plugged-in appliances and electronics and can even start fires.  To protect against these risks, you should put your entire home on a surge protection system.

  • Put Up Lighting Rods

Lightning rods are metal rods that you attach to the peaks of your roof.  Lightning rods help to direct lighting strikes to the ground instead of letting them strike the frame of your home.  So, make sure you put up your rods to prevent lightning damage to your home.

  • Test Your Smoke Alarms

Lighting strikes can cause a fire to break out on your property.  Because lighting is most likely to strike your home’s roof, make sure you install a smoke alarm in your attic, so you are alerted at the first signs of a fire.  You should also check the other smoke alarms in your home to make sure that they are operating properly.

These are some of the precautionary measures that you should take to protect your home from thunderstorms.  Want another way to keep your home safe?  Then make sure you have the right homeowners insurance protections in place.  For assistance with all your home coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas today.

family at beach

Protect yourself with the right insurance this spring break.

As temperatures gradually increase, the promise of spring is in the air.  For many students and families, spring is all about taking a break and setting off on an exciting vacation.  As you plan your spring break trip, make safety a priority with these insurance tips.

  • Homeowners Insurance

Before setting off on your spring vacation, make sure that you review and update your homeowners insurance.  Because your risk for theft increases anytime you leave your home unoccupied, you may want to speak to your insurance provider about increasing your personal property coverage limits.  Additionally, you should make sure that you have adequate coverage to protect against unexpected weather events that could cause damage to your home while you are away.  Depending on where you live, this might mean updating your flood, fire, earthquake, landslide, and/or storm coverage.

  • Auto Insurance

If you are taking a road trip for your spring break, then it’s important that you look over your auto insurance policy.  Because your risk for accidents and vehicular damage increases the more you drive, you may want to increase your policy’s coverage limits in preparation for your road trip.  Additionally, if your trip will take you over state lines, verify that your insurer will offer you the protection you need once you leave your home state.

  • Travel Insurance

Travel insurance is a form of coverage that will protect you from certain financial risks and losses that you may encounter during your travels.  For instance, travel insurance can help you cover the cost of lost luggage, last-minute cancelations, and medical emergencies.  If you are going on a particularly expensive trip or traveling overseas, then you should secure travel insurance to protect yourself from costly losses.

Protect the people and things that you love most with these spring break insurance tips.  Do you need help with your personal insurance?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Our dedicated team is ready to assist you with all your coverage needs today.

cardboard home next to calculator and money

Have bad credit?  Then here’s how you can still be approved for a home loan.

If you have bad credit, then getting approved for a home loan can be challenging.  However, this does not mean it’s impossible.  With FHA loans, borrowers can secure financing, even if their credit score is low.  Here’s what you need to know about this bad credit home loan program.

What is an FHA Loan?

FHA loans were created by the Federal Housing Administration in 1934 as a way to increase homeownership across the U.S.  FHA loans are government-backed, meaning that lenders can offer these types of loans without assuming risk.  This means that lenders are safe to offer FHA loans to borrowers who would otherwise be considered too risky to approve.

FHA Loan Requirements

While traditional mortgage loans require borrowers to have a credit score of at least 640, FHA loans have much more lenient credit requirements.  FHA loans are available to individuals with credit scores as low as 500.  If your credit score is anywhere from 500-579, then you can secure a loan with a 10% down payment.  Individuals with a credit score of 580 or above can secure an FHA loan with a 3.5% down payment.

Please note that you will have to prove compensating factors that make up for your low credit score.  Common compensating factors include the following:

  • Large down payment (10% down or more)
  • Low debt-to-income ratio
  • High income
  • No outstanding debt
  • Large amount of cash reserves
  • Proof of significant amount of time with current employer
  • Proof of ability to make comparable rent payments

This is what you need to know about FHA loans and how they are providing financing opportunities for individuals with bad credit.  Are you looking to buy a home?  If so, then it’s time to start shopping for homeowners insurance.  For assistance with all your home coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas, today.

home made out of cash

Here’s why your homeowners insurance may have gotten more expensive.

If you are approaching the renewal period for your homeowners insurance, then it’s time to look over the policy summary provided by your insurer.  One particular thing to look at is if your premiums have increased.  If you have noticed an increase in your rates, there are several legitimate reasons why this may have happened.  Here are a few of the common explanations.

  • Home Renovation Projects

If you have recently completed home renovations or updates that increased the value of your property, you may have to increase your coverage limits accordingly.  More coverage means higher premiums, so this could explain why your premiums have increased.

  • Changes in Your Claims History

Oftentimes, homeowners that have recently filed a claim experience a rate increase the following renewal term.  The size of for the increase depends on the claim type.  Act of God claims such as wind/hailstorms often see minor change in premium where non-weather-related claims such as water damage, freeze or liability can see larger increases.  Fortunately, you can once again gain access to lower insurance rates if you manage to stay claim-free for an extended period of time.

  • Your Risk for Extreme Weather Events

In recent years, the number of wildfires, wind/ hailstorms, hurricanes, tornadoes, and other extreme weather events have increased significantly.  As the frequency of these damaging events increases, insurance companies often file rate increases with the applicable state so they can keep up with resulting home insurance claims.

These are some of the factors that could have caused your homeowners insurance premiums to increase.  Do you need help with your home insurance coverage?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Our dedicated team is eager to assist you today.

living room decorated for the holidays

Watch out!  These types of home insurance claims go up around the holidays.

With the holidays right around the corner, you are probably excited to decorate your home, celebrate with your family, and simply enjoy the season.  The last thing that you want to deal with is a time-consuming home insurance claim.  Unfortunately for homeowners, there are several types of home insurance claim events that are more prevalent during the holiday season.  To avoid having the file a claim, watch out for these perils.

  • Fires

During the holiday season, many homeowners light up candles or get a fire going in their fireplaces to create a cozy vibe.  Unfortunately, many homeowners forget to snuff out their candles or accidentally leave fires burning after they go to bed.  This can often lead to nearby items igniting and a fire spreading throughout the home.  As such, many homeowners are forced to file insurance claims to address the fire damage.

  • Burst Pipes

If you live in an area that experiences very cold winters, then your pipes are at risk for freezing over and bursting this holiday season.  Every year, insurance companies get an influx of claims to address the water damage caused by burst pipes.

  • Theft

There are more theft claims filed during December than any other month of the year.  This is because many burglars wait for the holiday season because they know there is a greater chance of expensive gifts being in the home.  Sadly, instead of waking up to a pile of presents under the tree, many homeowners wake up to a ransacked home instead.

These are some of the common home insurance claims that you should watch out for this holiday season.  Need help with your homeowners insurance this December?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Contact us for assistance with all your coverage needs today.

COVID-19 Update:


Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.


We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.


Tim Schwab.
President and Managing Partner