Home Insurance in Midland & Odessa: Is It Time for a Second Opinion?
If you own a home in Midland or Odessa, Texas, you may have noticed changes in your homeowners insurance premium, deductibles or coverage over the past few years.
When your renewal arrives, it’s easy to look at the new premium, make the payment and move on.
But renewal can also be a good opportunity to take a closer look at your insurance.
Short Answer
If your home insurance renewal is approaching, your premium has changed significantly, you’ve made changes to your home, or you haven’t reviewed your coverage recently, it may be worth getting a second opinion.
That doesn’t necessarily mean changing insurance companies.
It means understanding what you currently have and comparing available options before making a decision.
1. Start With Your Current Home Insurance Policy
Before shopping, look at your current policy information and declarations page.
Pay particular attention to:
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Dwelling coverage
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Other structures coverage
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Personal property coverage
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Liability limits
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Deductibles
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Roof provisions
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Endorsements or optional coverages
Don’t compare a new quote with your existing insurance based only on the annual premium.
Coverage, deductibles and policy provisions can differ between insurance companies.
2. Look Closely at Your Deductibles
A deductible is generally the amount or percentage that may apply to the insured’s portion of a covered loss, subject to the terms, conditions and provisions of the policy.
Depending on the policy, different deductibles may apply to different types of losses.
This can be particularly important for homeowners in West Texas, where wind and hail are familiar concerns.
When comparing insurance options, make sure you understand both the premium and the deductibles being offered.
3. Has Anything Changed About Your Home?
Think about what’s happened since your policy was originally written or last reviewed.
Have you:
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Replaced your roof?
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Remodeled part of your home?
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Added a pool?
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Added an outdoor structure?
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Made other significant improvements?
Consider notifying your insurance agent or company about material changes and providing any information or documentation they request so your policy information can be reviewed and updated when appropriate.
Underwriting requirements and coverage provisions vary by insurance company and policy.
4. Don’t Forget About Your Auto Insurance
If you’re going to review your homeowners insurance, it may also be a convenient time to review your autos.
Some eligible households may qualify for multi-policy discounts when qualifying home and auto policies are placed with the same insurance company.
But bundling isn’t automatically the best option for every household.
Compare the overall home and auto picture, including:
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Total premium
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Coverage
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Deductibles
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Available discounts
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Policy features
The goal isn’t simply to find the biggest advertised discount. It’s to understand the options available for your household.
5. When Might a Second Opinion Make Sense?
You might consider another look if:
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Your premium has increased significantly
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Your deductible has changed
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Your roof has been replaced
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You’ve remodeled your home
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Your home and autos are insured separately
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You’ve added vehicles or drivers
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You haven’t reviewed your insurance recently
Getting another comparison doesn’t obligate you to change companies.
Sometimes reviewing your current insurance simply helps you better understand what you already have.
Why Use a Local Independent Insurance Agency?
An independent insurance agency may represent multiple insurance companies rather than only one.
At Killebrew Insurance LLC, we can review the policy information you provide, answer questions about the information shown, and discuss available home and auto options through the insurance companies we represent, subject to eligibility and underwriting requirements.
We’ve served families in Midland, Odessa and West Texas for decades.
Frequently Asked Questions
Should I shop my homeowners insurance every year?
There isn’t one schedule that’s right for every homeowner. However, renewal can be a convenient time to review your premium, coverage, deductibles and other policy information and determine whether you want to explore available alternatives.
Is cheaper home insurance always better?
Price is one consideration, but policies can differ in coverage, deductibles, endorsements and other provisions. Comparing more than the premium can help you better understand the differences.
Should I compare my auto insurance at the same time?
It may be worthwhile. Some eligible households may have multi-policy options available, but discounts, pricing, coverage and eligibility vary by insurance company.
Can Killebrew review insurance I currently have with another company?
Yes. You can provide us with your current policy information, and we can answer questions about the information shown and discuss available options through the insurance companies we represent, subject to eligibility and underwriting requirements.
Already Insured? Get a Second Opinion.
If your Midland or Odessa home insurance renewal is approaching, you don’t have to wait until the last minute.
Have your current home and auto declarations pages available and let us take another look.
Killebrew Insurance LLC
Midland: 432-694-0508
Odessa: 432-332-6322
Email:
Website: www.killebrewinsurance.com
Helpful Resources
For additional consumer information about homeowners insurance, shopping for coverage, deductibles and understanding your policy, visit the Texas Department of Insurance.
Important Insurance Information
This article is provided for general educational purposes only and is not intended to provide specific insurance, legal or financial advice. Coverage, pricing, discounts, eligibility, underwriting requirements, claims handling and policy provisions vary by insurance company, policy and individual circumstances. Please review your individual insurance needs and policy documents with a licensed insurance professional.
