As part of the Colonial family, Colonial Lloyds has been serving the Texas homeowners insurance market since 1981. Fort Worth-based Colonial Lloyds provides dwelling, fire and homeowners insurance coverage for policyholders across the state of Texas.
HOA
Texas Homeowners Form A covers your home and property for:
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Fire and lightning damage
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Wind, hurricane and hail damage
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Smoke damage
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Vandalism and malicious mischief
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Theft
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Explosions and riot or civil disturbance
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Aircraft and vehicles
Homeowners' policies also include coverage for liability and medical payments as well as additional coverage for loss and use of the home.
Property-loss payments are limited to the actual cash value at the time of the loss, with deductions for depreciation (or the cost to repair or replace the covered property, or the limits of liability of the policy, whichever is less).
HOA Preferred
The Texas Homeowners Form A can be endorsed to include:
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Sudden and accidental discharge of water or steam
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Objects falling from weight of snow, sleet, and ice
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Falling trees and limbs
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Building collapse
With HOA Plus, the settlement of losses provides full replacement cost for damages to the dwelling, subject to various conditions. For example, the dwelling must be insured for at least 80% of replacement cost. Personal property may also be selected for replacement cost by purchase of a separate policy endorsement.
HOB Modified
Colonial Lloyds Texas Homeowners Form B is an all-risk policy form. Some excluded perils and losses are: earthquake and earth movement, flood, wear and tear, insect/termite damage and mold remediation costs. Personal property losses must be caused by a named peril such as:
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Fire
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Wind and hurricane
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Explosion/aircraft or vehicles
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Vandalism
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Accidental discharge of water or steam
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Structural collapse
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Theft
Certain limits apply to jewelry and property off-premise. Refer to the actual policy form and endorsements to understand the exact nature of what is covered or excluded.
TDP-1
Texas Dwelling Policy Form 1 is a named peril policy which covers the dwelling and household goods (if included) for:
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Fire and lightning
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Wind, hurricane and hail damage
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Explosion, riot or civil disturbance
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Aircraft and vehicles
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Sudden and accidental damage from smoke
Property loss payments are limited to the actual cash value at the time of loss, with deductions for depreciation (or the cost to repair or replace the covered property, or the limits of liability of the policy, whichever is less).
Refer to the actual policy form and endorsements to understand the exact nature of what is covered or excluded.
TDP-1 Preferred
The Texas Dwelling Form 1 can be endorsed to include additional perils:
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Sudden and accidental discharge of water or steam
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Falling trees and limbs
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Objects falling from weight of ice, snow or sleet
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Building collapse
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Vandalism or malicious mischief
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Glass breakage
With TDP-1 Plus, the settlement of losses provides full replacement cost for damages to the dwelling, subject to various conditions. For example, the dwelling must be insured for at least 80% of replacement cost. Personal property may also be selected for replacement cost by purchase of a separate policy endorsement.
