817-485-5050 info@schwabagency.com

Common Homeowners Insurance Mistakes

Investing in the right homeowners insurance policy is the best way to ensure that you and your home are protected from any unfortunate situation. However, not every homeowner’s insurance policy is the same. Make sure to avoid these common homeowners insurance mistakes to ensure that you invest in the right policy for your needs.

  • Choosing the first policy – do not settle on the first homeowners insurance policy you look at, just to get coverage. Premiums and coverage options can vary greatly from company to company so make sure to compare different policies to ensure that you get the right one for your needs.
  • Not getting the right dwelling coverage – the dwelling coverage portion of your homeowners’ insurance policy is meant to cover the cost to rebuild your home if it is completely destroyed from a covered peril. Make sure to base your dwelling coverage off of the actual value of your home so that you are not left paying thousands of dollars out of your pocket in case your home is a complete loss.
  • Not covering high-value possessions – your homeowners’ insurance policy is meant to provide coverage for both the structure of your home, as well as all of your belongings. If you have any belongings that are very valuable, such as fine art or jewelry, make sure that you have enough coverage to replace any of your expensive items if they are stolen or destroyed.
  • Choosing the wrong deductible – the deductible is the amount that you will have to pay when you make a claim, before your insurance will kick in. The higher your deductible, the lower your monthly premium. Make sure that you do not choose a deductible that is too high because you have to be able to afford it if you make a claim.

For all of your homeowner’s insurance needs, contact The Schwab Agency in Colleyville, Texas.

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The Schwab Agency

The Schwab Agency, LLC has over 20 years of experience within the insurance industry in our community and our goal is to bring you unparalleled service and dedication. Since the majority of our business is through long-lasting relationships with our clients, fulfilling your needs is of the highest priority.

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