I want to change my auto insurance coverage. When can I make changes to my policy in Coppell, TX?

Posted on by AgentInsure

Many people sign up for auto insurance policies that span a lengthy period of time – typically six months or a year. While many times that insurance policy provides adequate coverage for the entire year, sometimes it does not.

Insurance providers understand that circumstances may cause you to need to make changes to your existing auto insurance policy. That is why most auto insurance providers offer customers the opportunity to make changes to their existing policy at any point in time. When you make changes to your policy, there might be a slight increase or decrease in the amount of money you pay each month.

Insurance customers who wish to make changes to their policy must notify their insurance provider. Notification can be done in person at one of the offices, online, or by phone.

When you are making changes to your existing auto insurance policy, you will have two options – the ability to make the changes effective immediately or to schedule a date when the changes will go into effect. The option that is chosen will depend upon what changes you are making and when you will need the reduced/increased coverage.

Determining when you need to make changes to your existing policy, how to make the changes, and when to make the changes effective can be difficult. We, working as your independent agent, can help you navigate the complex world of auto insurance.

We offer you the opportunity to shop and compare auto insurance quotes for companies that provide coverage in Coppell, Texas. Give us a call today to discuss your specific situation. We can help you determine if your unique situation calls for you to make a change to your existing auto insurance policy.

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

Posted on by AgentInsure

Even if your property in Coppell, Texas is not in use, you should have it covered by insurance. Although homeowners often have property that they do not use on a daily basis, such as storage shed on another piece of land or a family cottage on the lake they haven’t used in years, you should still have insurance on the property. When property is left abandoned for any length of time, there is more chance for theft, vandalism, or other types of disasters. An independent agent in Coppell can help you determine exactly how much home insurance you need.

Although you do not need to be covered with a large amount of protection for a piece of property you are not using, think about what would happen if the property were destroyed. Whatever the value of the structure and any possessions left inside, if not insured, you would take a loss. You need to speak with an independent agent in Texas about they type of insurance you need. There are affordable policies that will give you basic protection without breaking the bank.

Homeowners need to think about the insurance they currently have for both their primary residence and property they are not currently using. Our independent agent can help you compare quotes to find a rate that will fit in your budget and give you enough coverage to make sure you do not lose money if there is a loss due to theft, vandalism, fire, or another disaster. You will want to have protection for both the structure and the possessions. If the unused property is a family cottage, there may be antiques or other items that need to be insured. Let us help you get started today.

Spring in Coppell…Time to Plan in Case of a Natural Disaster

Posted on by Jeri McShan

Springtime in Coppell hopefully brings rain and new growth. Unfortunately, it’s also the time of storms and possibly a disaster. The time to plan for such an event is now. Here are a few things you should do to be prepared if a disaster hits Coppell, Lewisville, Carrollton or other nearby surrounding areas:

Review your insurance policy to be sure you have sufficient coverage.

Create a safety plan for your family which should include an evacuation plan that tells everyone where to go and how to keep in touch during an emergency.

If you own a business, write a business continuity plan that outlines what you will do and who you can call on to keep your business running in the event of a disaster.

Build a content inventory to document the items in your home or at your business.

Prepare a survival kit of things you might need if disaster strikes.

Perform routine maintenance such as tree-trimming, gutter cleaning and debris removal around your home or office building. Make sure drains and sump pumps are clear.

Be ready before the storm hits!

Will My Homeowner Insurance Policy Give Me Any Coverage for My RV in Coppell, TX?

Posted on by AgentInsure

Your homeowner’s insurance policy should cover some of the losses for your RV in Coppell, Texas. Although you will also need specific RV insurance, your homeowner’s policy should cover some of the home accessories you have in the RV. Items such as your laptop or IPad would probably be covered by your homeowner’s policy. If the built-in refrigerator is damaged, your RV insurance would need to cover that type of claim. Speaking with an independent agent will help you understand how much and what type of insurance coverage you need.

Often people who own an RV in Texas do not completely understand their policy. There are specific items RV insurance covers and you will want to find out what your homeowners plan will cover so you are not paying for double protection. Most home items should be covered by the home plan. This usually includes the items you bring from home when you take the RV out on the road. You will want to speak with our independent agent to make sure you have enough insurance to replace the home accessories that might be lost or stolen when traveling in the RV.

It is best to compare rates and quotes for homeowners and RV insurance in Texas. An independent agent can do this for you and find a great plan that will fit both your budget and your coverage needs. If you have questions about what your plan will and will not cover, our agent can help answer these questions and give you and your family peace of mind. Before taking the RV out on the open road again, check on your insurance coverage and make sure you have protection for all types of losses.

I’m 75 years old. Is it too late to buy life insurance in Coppell, TX?

Posted on by AgentInsure

A common question asked by many senior citizens is – Is it too late to purchase a life insurance policy? The answer to that question really depends upon the age of the individual and what type of life insurance policy is being purchased.

Life insurance policies provide individuals with a sense of security by guaranteeing that loved ones are covered financially in the event of a death. These policies guarantee that certain named beneficiaries will be given financial compensation upon the death of the individual who is listed on the policy. This financial compensation can be used to pay for funeral expenses, legal fees, and bills that may arise after an individual has passed.

Unfortunately, the older an individual is the ‘higher risk’ they are for insurance companies when it comes to life insurance policies. Many insurers do not want to take on that type of risk, so they place an age cap on individuals who can purchase life insurance policies. That age cap is typically 75 year sold, but can sometimes go up to 78 or 80 years old.

If you have reached that age cap, it does not mean that you are automatically prevented from purchasing any and all life insurance policies. There are still some insurance companies that will offer coverage to individuals who are over the age of 75.

It is important to note that even if you have found an insurance company that offers life insurance to you after 75, the premiums may be higher than if you had purchased the policy earlier. This higher premium makes it extremely important for you to take the time to compare insurance quotes before you buy, as you will want to find the best offer available to you.

We, your independent agent, can help you find and compare quotes from insurance companies that may offer life insurance policies for individuals who are 75 and older, and live in Coppell, Texas.

Can I Take Double Home Insurance in Coppell, Texas? Am I Allowed to Claim Insurance on the Property from Two Different Companies?

Posted on by AgentInsure

One question many insurance providers hear from clients is whether or not it is legal to take out double homeowners insurance policies on a single property. While it is technically legal, there is usually language within each individual policy contract stating which company pays out the bulk of acclaim, should one arise. Sometimes this involves the companies splitting the payout equally or in terms of who has the higher coverage limits.

However, whether you are double insuring a home with two different policies on purpose or as an oversight, it is important to realize that a claim will most likely not be paid twice. Many states prevent insurance customers from gaining anything more than they initially had from a claim. In fact, most insurance regulation limits policyholders to receiving only the payments needed to indemnify (aka get you back where you were previous to the claim.) A double payment, whether it is from one company or two, would exceed this.

How can a home become insured twice? Usually, this has to do with a simple error regarding remembering who the property was insured with in the first place. It can also happen when homeowner’s switch companies and forget to cancel the previous policy in writing.

So, why should you make sure that your home isn’t double insured? Paying two yearly premiums can be a drain on your bank account, especially if it has no benefit in terms of filing a claim. Save yourself all that cash and spend it on something that’s a little more important to you.

For more information on auto insurance and/or homeowners insurance in Coppell, Texas, please contact your independent agent today.

What Happens if I Sell the Property in Coppell, Texas During the Insurance Period?

Posted on by AgentInsure

Selling a property can be confusing, but taking care of your homeowners insurance needs is actually quite easy. If you are selling your home during the policy period, contact your independent agent. He or she will often propose one of two different routes of action.

First, if you are not buying a new home after yours is sold, the policy can be canceled as of the closing date. This will usually require a written notice and any prorated premiums already paid will be refunded to you. (Note: Send this written notice after the closing date, as last-minute changes are always possible when trying to conduct a real estate transaction. As frustrating as waiting for your title company to finish their work and do their job is, it happens. Often.)

Second, if you are purchasing a new home, talk to your independent agent about purchasing a policy for your new home ahead of time. Most mortgage companies will want to see some sort of declarations page before closing on your new home, which can be provided to your from your agent. In some cases, any pro-rated premiums you are owed from your own policy could be transferred to your new policy, depending on your underwriting company. This can also be done if you are going to be renting an apartment or home after yours is sold, as renter’s insurance policies are often similar to homeowners policies.

While other scenarios are sometimes applicable, all changes made due to the sale of a home in Coppell, Texas during your policy period need to be discussed directly with your independent agent. From there, an appropriate course of action can be taken to ensure you have coverage when you need it and do not cancel your policy too soon.

For more information on this and many other insurance-related questions, please contact your Coppell, Texas independent insurance agent today.

I’ll soon be renting my own apartment in Coppell, Texas. Is there insurance for that?

Posted on by AgentInsure

Whether you are moving from your parent’s home or transitioning from the shared housing you enjoyed with friends and roommates in college, renting your own apartment is an exciting new step to take. You should know that new responsibilities will come with having your own place to live in Coppell, Texas.

Just as people who own a home will want to arrange for homeowners insurance to protect their assets, people who are renting an apartment will also want to make sure that they have coverage.

While your landlord’s insurance policy should cover any damage to the physical structure of the apartment, you are responsible for insuring the contents. This includes all of your valuable appliances, furniture and other expensive items.

Imagine coming back to your apartment after a long day at work to discover that someone has broken in and stolen your computer, big-screen television and the rest of your entertainment equipment. It can cost thousands of dollars to replace these items. Since burglary can happen to anyone, it’s prudent to obtain coverage.

Renters insurance will protect your items in case of a covered incident, such as burglary or a disaster like a fire. What’s more, your renters insurance will cover your items no matter where you are, so if someone steals things from your backpack, purse or car, you will have protection—even if you are traveling on vacation. In the event that you happen to break someone else’s property in their home, your renter’s insurance policy should help you pay for the damages.

It makes sense to consider your options when it comes to protecting your property. For more information about obtaining the best renter’s insurance policy for your particular needs, we can definitely help you out. Contact us today to speak with an independent agent so we can give you the details you need to make sure your apartment is covered.

What Does my Credit Rating Have to do with Purchasing Insurance in Coppell?

Posted on by Jeri McShan

Credit scores are based on an analysis of an individual’s credit history. Insurers often generate a numerical ranking based on a person’s credit history, known as an “insurance score,” when underwriting and setting the rates for insurance policies. Actuarial studies show that how a person manages his or her financial affairs, which is what an insurance score indicates, is a good predictor of insurance claims. Insurance scores are used to help insurers differentiate between lower and higher insurance risks and thus charge a premium equal to the risk they are assuming. Statistically, people who have a poor insurance score are more likely to file a claim.

 

See more insurance articles at http://www.iii.org/index.html

I don’t use my boat often. Do I really need boat insurance in Coppell, Texas?

Posted on by AgentInsure

Some people enjoy going boating so much that they eventually wind up buying their own boat, so they can go out on the water whenever they want. There’s plenty of fun and relaxation to be had, from water skiing to fishing and taking the kids to go out swimming in the middle of a lake. However, despite our best-made plans, it’s easy to become so busy with the demands of work and family that you can find yourself not using your boat all that much.

With that in mind, it seems prudent to wonder: If you don’t use your boat often, do you really need boat insurance in Coppell, Texas?

While you are not required to obtain boat insurance, it’s prudent to make sure that you will be covered for unexpected situations. You spent a great deal of money to purchase your boat as well as for regular maintenance, and it’s prudent to protect your asset regardless of how much you use it.

For example, what if you were planning to take your boat out to go fishing with your friend, only to discover that the outboard trolling motor has been stolen? Alternately, imagine getting involved in an accident and damaging another person’s watercraft, as well as parts of the dock. You must be prepared for such incidents, even if you only take your boat out a few times per year.

It’s possible that your homeowner’s insurance policy might give you some protection for your boat, but coverage is typically limited to small amounts that may be woefully inadequate to pay for the repair of the outboard motor and other damage. What’s more, you may wind up being responsible for damage caused to someone else’s property.

For the sake of your peace of mind, we urge you to contact us to speak with an independent agent as soon as possible. This way, we can provide you with the specific details for your particular boating insurance needs.

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