Month: April 2014

Home Protection Plan vs. Homeowner Insurance

Posted on by AgentInsure

You’ve attained your lifelong dream of owning a home, but you’re finding out that there’s a lot of complications and costs that go along with it. You hold homeowners insurance on your home as a requirement for getting a mortgage, although you may not have home insurance if you purchase your house without a mortgage.

Home insurance covers your overall home from property damage caused by fires, natural disasters, fallen trees, and floods. In addition, home insurance covers replacing your personal property within your home in the event that any of it gets damaged during a covered situation. Many home insurance options allow you to adjust the personal property coverage so you have full protection for your assets, no matter how much you end up bringing into your home.

A home protection plan, on the other hand, covers your home’s heating and cooling systems, included appliances, and other essential parts of the existing home systems. Since these systems do not typically get covered under homeowner’s insurance, you would be on the hook for them financially if they fail. A home protection plan gives you a service plan that covers all of these essential home components so you won’t be left breaking the bank should something happen to one of them. This protection plan does not get included in required coverage by your mortgage lender, so it’s something you would shop for on your own. The advantage of this is that you can shop around for an appropriate protection option after you purchase the home, instead of worrying about getting it set up before you go through the closing process on your home purchase.

I have a property that is not in use, should it be insured?

Posted on by AgentInsure

When you own a property, it is usually best to ensure that you maintain some insurance coverage, but the type of policy that you need and the situations that you want to protect against can vary. Keeping the building without using it means that the risks and problems that you may need to address can differ from the situations that you may face when you live in the building.

Evaluate the Risks

The only way to identify the appropriate amount of coverage for your home is by determining the specific risks that may arise. When the building is not being used, it means that you will have different risks to address.

Consider the risk of losing the property before your evaluate any other concerns. It is possible for a building to burn down in a fire, be damaged in a flood or face similar problems. You may also want to consider break-ins, vandalism or other crimes against the building that may result in damage.

Purchase the Right Policy

After you know what to address, you can then purchase an insurance policy that is appropriate for the type of situations that may arise. Even though you may not need the same amount of protection as a house you are living in full-time, you do not want to face a total los if any problem occurs.

Purchase a policy that is appropriate for your needs, concerns and the problems that you have identified.

Living in or using a building is not a necessary part of buying a policy to protect your assets. Even if you are not currently using a building, it is still your responsibility to maintain the building. Contact us to talk to an agent for more details.

Can a learner driver in Lufkin, TX be added to an existing auto insurance policy?

Posted on by AgentInsure

A learner driver in Lufkin, Texas can be added to an existing auto insurance policy. Usually you will not need to add a driver until he or she becomes a licensed driver. If your son or daughter is currently taking a drivers education course and has not applied for a regular license, you should be able to wait to add the driver to your auto plan. Our independent agent can help you determine when you need to add the learner driver to your automobile insurance policy.

If the learner driver is going to drive one of the family vehicles, he or she will need to be insured. When the drivers obtain a regular Texas drivers license, you can add them to the policy. This will cost more money on the family plan, but it will be less expensive than a teenager obtaining a policy of his or her own. When speaking with an independent agent in Lufkin, Texas you can compare quotes and find rates that fit into an affordable budget.

Automobile insurance is important so make sure you have the protection you need. Young drivers can save money on auto insurance by maintaining good grades and driving responsibly. Make sure drivers understand that a speeding ticket will increase the amount if insurance they will have to pay. You will also want to make sure young drivers know the consequences of distracted driving. Some auto insurance companies will give you discounts on teen coverage if they meet specific requirements. Before you get ready to add the learner driver to your insurance plan, speak with our independent agent about an affordable quote.

Can I Claim a Discount for Long Term Hire on Toy Insurance in Lufkin, TX?

Posted on by AgentInsure

Toy insurance can relate to a variety of different concerns that you may develop in Lufkin, Texas. It can protect a company from liability if toys that were manufactured have a defect and it may help if the toys are damaged when they are being transported. When it comes to finding an appropriate discount, the policy may or may not have options associated with long term hire.

Maintaining Coverage for a Long Time

Insurers prefer to have customers who are willing to maintain coverage for an extended period of time. By staying loyal to the company, it may be possible to reduce the premium by asking for discount.

Although discounts may be available, every insurer is different and some may not offer reduced rates or May only offer a lower rate if the company meets certain qualification standards. Depending on the duration that you have maintained coverage, you may or may not meet the qualification standards.

Impact of a Claim

If you have made a claim on your insurance, then you may discover that the insurer is less willing to offer discounted rates and financial solutions.

Depending on the reason for a claim, the insurer may determine that you are a high-risk customer and might actually increase the rate. That is particularly true if the reason for your claims relate to actions that you may have controlled or problems that had a clear and less-costly solution.

The ability to obtain a discount on your toy insurance policy may vary based on the company, the options and the details of your plan. Some insurers may offer reduced rates, but others may have limited options to reduce your premium. Contact us to talk to an independent agent to learn more about toy insurance.