What is term life insurance?

There are different types of life insurance that are available based on a policy holder’s needs. Term life insurance is one such type of coverage that is utilized by many who have invested in a policy. Integra Insurance Services is a company that provides this kind of coverage for people in the Huntington, TX area. 

How term life insurance works

This is a type of coverage that lasts for a specific timeframe or term of years. If the policyholder dies during this term, their beneficiaries will receive the amount of coverage listed in the policy.  

These policies are generally more affordable than whole life insurance and other types of coverage, and they give the best value relative to their cost. This is because the policy does not technically have any monetary value until the death of the insured person, and it does not allow for cash payouts in most cases. A term policy can be beneficial if someone wants coverage during a specific period of their life, such as while they are raising young children or working in a certain occupation. People who want to invest in permanent coverage that can last for the rest of their life should look into other types of coverage. However, when a term policy ends, the policyholder can renew it or convert it to a different type of life insurance if they choose to do so. The specifics of a term policy will vary based on a person’s age and life expectancy. 

Learn more about setting up a life insurance policy

If you have any other questions about term life insurance, you can contact an agent at Integra Insurance Services. They serve people in the Huntington, TX area with great insurance coverage. 

How Often Should I Take Boat Insurance Inventory?

When you head out in your car or boat, your home insurance will cover anything that you bring from home. But for many boaters in Huntington, TX, there is property that is intended to stay on the boat. In particular, we’re talking about boating equipment, but also any clothing, appliances, and anything else you might keep onboard. If you want your boat insurance to cover this, then you need to keep an inventory.

So how often should you update this inventory?

  • After a big purchase. If you just bought a new anchor or installed a mini-fridge, you can go ahead and contact your agent and add that right away. Provide your insurance company with photos and receipts and you’re good to go.
  • Once every six months to a year. As with purchases for the home, purchases for the boat tend to accumulate over time. You don’t need to call your insurer every single time you put a new shirt in the cabin’s dresser, but after a year or so, a wardrobe gets to be expensive to replace. It’s a good idea to video this documentation so that you don’t miss anything.

The personal property insurance for possessions you keep on your boat is unlikely to cover anything close to the value of the possessions in your home. If you own a smaller boat, it might not even be worth documenting anything but boating equipment. But if you own a larger boat for long cruises, you’ll be glad you kept your insurer up to date.

If you’re still shopping around for boat insurance in Huntington, TX, get in touch with Integra Insurance Services. Pick up the phone or go to the Integra Insurance Services website to see what they can do for you.