Month: October 2022

How to Insure Your Most Valuable Property

Posted on by AgentInsure

No one’s property is ever completely safe from the possibility of damage or destruction. Whether it be from severe weather, a fire, or even a burglary, it’s essential to have insurance to protect yourself financially in case the worst does happen. Here are some tips from Integra Insurance Services of Huntington, TX on insuring your most valuable property.

Specialty Property Insurance: What’s Covered and What’s Not

Specialty property insurance is a type of insurance that covers specific types of property. This can include things like jewelry, art, and other valuables. It can also cover things like business equipment and machinery. Specialty property insurance usually has higher limits than standard property insurance, which may cover items not covered by standard insurance.

How Much Specialty Property Insurance Do You Need?

There’s no definitive answer to this question, as the amount of specialty property insurance you need will depend on several factors, including the type and value of the property you’re insuring, the risks associated with that property, and your overall financial strategy.

However, as a general rule of thumb, you should insure your specialty property for at least its replacement value – that is, the cost of rebuilding or repairing it in the event of a covered loss. If you have a mortgage on the property, your lender will likely require you to carry insurance up to the total value of the loan. Beyond that, it’s essential to consider a loss’s potential consequences and ensure you have enough coverage to protect yourself financially.

How We Can Help You

Integra Insurance Services offers a full range of insurance products to meet your needs, including specialty property insurance. We can help you determine how much coverage you need and compare it to your standard homeowner’s policy. We can also help you develop a home inventory and determine the value of your highly prized belongings. Our experienced agents will work with you to find the right coverage for your needs and budget. If you’re a homeowner in Huntington, TX, contact us today to learn more about our specialty property insurance options.

Is commercial insurance mandatory in Huntington, TX?

Posted on by AgentInsure

Commercial insurance is not mandatory in Huntington, TX. Although no law requires businesses to have commercial insurance, many Integra Insurance Services clients choose to purchase it. However, this doesn’t mean having coverage in place is not a good idea. Many landlords and other business partners will require proof of commercial insurance before entering into contracts with new businesses.

Commercial insurance is a type of liability insurance that covers businesses for financial losses resulting from claims or lawsuits related to their operations. This coverage can protect against various risks, including property damage, personal injury, and professional malpractice.

What Does Commercial Insurance Cover?

Commercial insurance policies can vary greatly. However, most policies will include some combination of the following types of coverage:

  • Property Damage Coverage: This coverage can help to protect your business if your property is damaged or destroyed by fire, vandalism, or another covered peril.
  • Business Interruption Coverage: This coverage can help offset the lost income and expenses that result from temporarily closing your business due to property damage or another covered event.
  • Liability Coverage: This coverage can help protect your business if you are sued for damages resulting from an injury on your property or negligence.
  • Professional Liability Coverage: This coverage can help to protect your business if you are sued for damages resulting from professional negligence.

Integra Insurance Services Can Help

Carrying commercial insurance is not required in Huntington, TX. However, this doesn’t mean having coverage in place is not a good idea. Many landlords and other business partners will require proof of commercial insurance before entering into contracts with new businesses. Contact Integra Insurance Services to find out how we can help you.