Arent' All Insurances the Same? - NO! Especially in Texas there are so many variations on home insurance it can leave you more confused than confident in your choice. Now the major parts of a home policy for example will all remain relatively the same, how much to insure the house for, how much contents, liability, medical payments, deductible...but when you begin investigating what the coverage options are or are not that is where you will find a lot of differences. Is it an all risk policy, or a named peril policy? Does it cover water damage? If so what types of water damage? The list is numerous so a good starting point is http://www.opic.state.tx.us/ . From there you can select the Residential Property Insurance menu option on the left. That will brin up a sub menu in red. Select Compare Policy Coverages. Since I mentioned homeowner you'll need to use the drop down menu in the center of the web page now towards the bottom for Homeowners and click Next. You then simply choose the company you're considering purchasing a policy from and compare it to your current one, or if your buying a home for the first time, choose all the companies you're considering and it will show them to you side by side.
This is a great resource and starting point for you when trying to navigate through the mayhem.
Auto insurance is now also becoming a more diversified policy. So many new bells and whistles are being added to try and bring value to the policy where it didn't have any more. Things like getting paid for not having an accident or maybe having a lower deductible. Having accidents and tickets forgiven. Or offering you coverage for you pets, long term loyalty rewards, and on and on it goes again. These things should not be overlooked now especially if you've spent a few years with one company and have earned some of these rewards that you'll lose if you switch and similar features may not be available with your new company. It isn't always about the cheapest price.
