Month: June 2016

Why Do I Need the Protection of a Homeowners Insurance Policy?

Posted on by AgentInsure

Your home is a major investment.  Homeowners insurance protects that investment should events occur that damage or destroy the home or the owner’s personal property.  Typically, homeowners policies that are purchased in Texas cover damages to the house.  They will also cover personal property and other structures, such as sheds or fences, that are located on the property.   Should your home become inhabitable due to damage, the policy will cover the additional living expenses such as hotels and food that will be incurred.  Homeowners policies also protect the homeowner from personal liability in the event the are responsible for someone’s injury on their property.  In some cases, the policy will also cover any medical expenses related to an injury on the property. 

There are two primary types of homeowners insurance policies available in Texas:  all risk and named perils.  All risk policies, also called comprehensive coverage, cover all risks unless specifically stated.  Named perils policies provide coverage only for specifically defined threats.  The policy will outline whether is provides for replacement cost or actual cash value.  The replacement cost is the cost to rebuild or repair the home if it is damaged or destroyed.  This figure will be based on current construction costs and does not include the land’s value.  Actual cash value represents the cost to rebuild or repair the home less the depreciation due to age.  Homeowners should talk with their agent to determine the most appropriate type and level of coverage for their individual situation. 

The agents at Integra Insurance Services serve homeowners in the Huntington, TX area.  They are able to discuss the available homeowners insurance options.  Contact them at 800-655-2159 to protect your home today!

Full Coverage or State Minimum?

Posted on by AgentInsure

Do you know if you want full coverage or just the minimum required by your state when it comes to auto insurance?  People use the term full coverage pretty loosely.  That being said, do you have a complete understanding of what full coverage actually means?  It might not be exactly what you think.

Full coverage isn’t actually a certain type of coverage that is offered to customers by insurance carriers.  There is no full coverage box for your agent to check on your policy.  This is a term that has evolved when it comes to the industry of insurance but there isn’t a set of rules for carriers to follow for it and as such, it can be interpreted in a variety of ways.

Basic Full Coverage

Every state in the US has laws regarding auto insurance.  The core of it is that you must have at least some.  The requirements as to how much and what type will vary from state to state. Typically, though, most states will require liability for property damage and personal injury.

Full coverage insurance will typically enhance that coverage by adding comprehensive coverage to it.  This can be used to cover things that can occur with your vehicle that don’t necessarily involve a collision. Most of the time, you cannot have what is deemed to be full coverage without this type of coverage.

If you are in the Huntington, TX area and have questions about auto insurance, call or come by Integra Insurance Services today.  We are staffed with friendly and knowledgeable agents who can help you gain a better understanding of the types of coverages that are required in Texas as well as what types of coverage you will need beyond that.  They are ready and waiting to help you as soon as you contact them.