Re-introducing the HO-B-CON Form in Texas.
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Our Farmers HO-B-CON Policy is the original Texas Department of Insurance "Broad Form" policy. It is a policy superior in coverage to the Texas Fair Plan, HO-A-Condo policies, or other condo policies created in the post 2000 - 2001 "mold crisis" era usually found in the insurance market place. This is due to it's lesser quantity of limitations and exclusions on certain coverage usually found today.
This policy is also IDEAL and appropriate for Townhomes in which the land/property under the foundation is owned by the Home Owners Association (HOA) or management company.
Our HO-B-Con Policy is very competitively priced.
Please call us at 972-727-9557 to discuss your requirements, or contact us at the link below.
Contact us Here for Condominium Policy Inquiry
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Download Online HO-B-CON Policy Form
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Flood Insurance - Do You Need It?
If your unit is at ground level and you reside in an area that may be prone to flooding, you should consider a Flood Policy. Losses due to (rising water) flood are covered under the Federal Flood Insurance program. That is why all property policies published by the respective state's Department of Insurance exclude coverage for rising water losses.
ALSO.....what if your unit is located in a development which has community/common grounds located in an area which may be subject to flooding? You have a "Loss Assessment" exposure for losses which occur to those grounds. Any assessment to you as a unit owner, due to flood damage, can only be covered by your Flood Policy. Any properly laid out community should be designed to minimize the potential for flood damage to community/common ground. But it's an issue which one may wish to review so as to assess any potential liability.
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