3 Common Insurance Mistakes And Other Things That Could Go Wrong In An RV

Posted on July 28, 2021August 1, 2021 by admin

RV owners, think about it! When you operate a Recreational Vehicle, you’re essentially climbing inside a moving house and hitting the open road.

What could go wrong?

Your dreams of vacationing or retiring in a home on wheels probably don’t include a downside. But, the truth is that anything that could go wrong inside your home could go wrong inside your RV. On top of that, you will be hooking up and spending the night at unknown campsites across the country is sometimes risky.

Before you head out, the helpful agents at Texas Independent Insurance want to make sure everyone in or around Allen, TX has the RV insurance coverage you may need to cover anything that could go wrong while traveling.

Let’s talk about 3 common insurance mistakes and other things that could go wrong in an RV.

Never Assume Cheaper Is Better – While it looks appealing when signing up for the insurance, a cheap policy could end up costing you plenty in the long run. There is probably a reason why it’s so cheap. You don’t want to find out when you need help.
Never Assume Auto Insurance Is Enough – Yes, you are driving the camper like it’s a car. But, the truth is that automobile insurance is only going to cover the RV like it’s a car. It will not include anything that goes wrong in the living areas of the Recreation Vehicle.
Always Consider Life Changes – When you first set out in an RV it may be because you have a family with small children. But, as the family grows, life changes. Your insurance needs are also going to change.

Contact Texas Independent Insurance serving Allen, TX to make sure anything that could possibly go wrong will be covered.

Who Needs Umbrella Insurance in Allen, TX?

Posted on June 22, 2021June 22, 2021 by admin

Umbrella insurance (sometimes called excess liability insurance coverage) refers to added liability insurance coverage meant to protect you from lawsuits and claims beyond your standard policy limits. Besides, it includes liability coverages like false arrest, libel, and slander that may not be included in your other liability policies.

Would you like more information on umbrella insurance? Hang on as Texas Independent Insurance shares insights.

What is covered by umbrella insurance?

Understanding what umbrella insurance covers can help determine whether you need the policy or not. Here is what umbrella insurance covers.

Bodily injury: Suppose your dog bites a guest or another dog. You will be held responsible for medical expenses, and your home insurance will cover them. But what if the costs are too high for your home liability insurance coverage? You will need additional coverage — in this case, umbrella insurance.
Property damage: Umbrella insurance covers damages that you have caused to other people. For instance, damage to other people’s property in an auto or boat accident.
Defense costs: If you are sued, you will typically incur costs to hire an attorney. Worse yet, you are faced with huge settlement claims if the case is ruled against you. Thankfully, umbrella insurance can bail you out.
Personal liability: Besides the above, your umbrella insurance coverage will come to your rescue when you face false arrests, defamation, imprisonment, malicious prosecution, etc. The insurance cover will help you to fight back and regain your reputation.

Who needs umbrella insurance?

If you are a wealthy individual or from a wealthy family, you are probably a lawsuit target and should consider protecting yourself with umbrella insurance. But umbrella insurance isn’t for the wealthy only. If you are in the below categories, you need umbrella insurance:

Hold high public profiles
Serve in charitable boards
Own a boat, vehicle, or home
Have animals such as dogs and horses that can cause injury to others
Have a swimming pool or pond/trampoline
Hold large home parties
Have employed household staff

If you earn a livelihood, you need umbrella insurance to shield you when your “base” liability limits are exhausted. If you haven’t yet done so, please contact Texas Independent Insurance in Allen, TX today for an affordable quote.

Let’s Talk About Flood Insurance

Posted on May 24, 2021May 24, 2021 by admin

Due to heavy rains and pounding thunderstorms, Texas is never a stranger to floods. Floods are unpredictable, and when they do strike, they result in property damage and even loss of lives. Given the imminent danger of floods, you need to protect your home with flood insurance to avoid financial turmoil. And if you are not familiar with flood insurance, hang on as Texas Independent Insurance of Allen, TX shares insight on this little-known insurance coverage.

What is flood insurance?

Flood insurance covers your home or business when water damages your property and other assets. While flood insurance is available through the National Flood Insurance Program (NFIP), you can purchase flood insurance through a private insurance company. To note, however, is that typical flood insurance takes effect after 30 days. So, if you are purchasing flood insurance, keep the grace period in mind.

What does flood insurance cover?

Flood insurance covers your building and contents inside. The building property coverage covers the below:

The building’s foundation, floor, walls, and the roof
The electrical and plumbing system
Air condition
Permanent fixtures like cabinets, carpets, and paneling

The contents property coverage covers furniture, clothing, electronics, curtains, washing machines, and other personal assets.

It would be best if you had flood insurance even when not near a water body

The truth is that the risk of flood damage is high if your home is located near water. However, floods can still affect houses located far away from the water. According to FEMA, approximately 20% of flood insurance claims are made by people with homes in moderate-to-low-risk areas.

Disaster assistance isn’t always available.

Most people don’t consider buying flood insurance because they depend on federal assistance. This trend could cost you financially because not every flooded area is regarded as a federal disaster area. And even when the grant is given, it’s in the form of a loan that you are expected to pay back.

Buy flood insurance today!

No one knows when floods will strike. And because home insurance doesn’t cover your Allen, TX home against flood damage, purchase a stand-alone flood insurance coverage from Texas Independent Insurance for peace of mind.

Preparing for a Hurricane: Real Estate Investing Tips on the Coast

Posted on April 25, 2021April 25, 2021 by admin

Many coastal towns in Texas experience frequent hurricanes. This might happen annually or even multiple times in a year. Texas Independent Insurance in Allen, TX has been on the frontline encouraging real estate property owners and developers to always prepare for unseen eventualities. Here are some of the innovative tips that can help you better prepare for possible hurricanes when investing in beachfront property.

Re-Evaluate Your Home Insurance

One of the most useful tips you can use to prepare for hurricane season is re-evaluating your home insurance. You need to speak to your insurance agent and verify whether any extra hurricane damages will be covered. If you are required to pay for some additional amount for this to be done, you need to do it to be sure that everything has been settled. You need to seriously consider flood insurance as well.

Clear Branches and Trees Near Your Property

There is no doubt that trees are always welcome near our homes because they bring a cool aesthetic and shade. However, when it comes to hurricanes, trees are dangerous hazards that can cause some serious problems. Clear them and prune all the overgrown branches to eliminate possible hazards that can cause severe damages to your home.

Conduct Roof Inspection

Your roof should be your first line of defense. Therefore, before the hurricane season starts, make sure you call a roofing company to inspect your roof and ascertain that everything is in proper condition. Replace all the damaged parts of the roof and make sure that it has been professionally reinforced to add some strength to withstand the forces of the hurricane.

Sometimes you might need additional insurance to protect specific valuable items that a hurricane can damage. Texas Independent Insurance in Allen, TX will help you evaluate what is already covered and help you make the necessary provisions. Contact us today for more information if you are looking to invest in beachfront property.

What Does Renters Insurance Cover?

Posted on March 28, 2021March 28, 2021 by admin

As a new tenant in Allen, TX, you need to have renters insurance to cover your belongings because the homeowners’ insurance does not cover the risks and uncertainties facing your belongings. To be on the right side and to get the best renters insurance, it is important to get sufficient information from Texas Independent Insurance on what the renter’s insurance covers and what it does not cover.

Theft of Personal Belongings

If you have your personal belongings such as clothes and other items stolen from your rented room, you don’t have to turn to your landlord because homeowners insurance does not cover your personal items. In this case, your renter’s insurance will replace everything that has been stolen. However, the policy will not cover valuable items that you did not disclose when getting your insurance.

Water Backup Damages

Water backup damages are common incidences that affect most of the renters in their rented homes. However, it would be best to ignore the possibility of this accident happening and damaging most of your belongings. However, with renters insurance, you don’t have to be worried because everything that has been damaged will be replaced or repaired without you paying a single dollar.

Bodily Injuries in the Rented Property

If you are involved in an accident while still in your rented room, your renter’s insurance will help you to cover all the medical expenses. The same can apply to any person who has been injured in your house. However, your insurance company will have to conduct due diligence to determine whether acts of negligence were involved in the entire process, after which you might not get compensated.

In Allen, TX, sometimes it is very challenging to get the renters insurance that meets your needs. However, with Texas Independent Insurance at your service, you can find reliable coverage to protect yourself from liability and property damage.

Does a Motorized Bicycle Require Motorcycle Insurance?

Posted on February 24, 2021February 24, 2021 by admin

Laws will vary from state to state, but in Allen, TX, you are required by law to carry liability insurance on a motorized bicycle.

For human-powered vehicles, it’s another matter. Your homeowner’s insurance policy will typically cover a bicycle up to a certain limit. Even if you have a whole garage full of bicycles, when you take one out, it will be covered by your off-premises policy. This means that if it’s stolen, your home insurance will cover it.

But when you add a motor to it, that’s another story. Your home insurance provider will no longer cover it. So even if it weren’t required by law, it would be a good idea to call Texas Independent Insurance about getting it protected with an insurance policy.

In many ways, buying insurance for a motorized bicycle is no different from buying insurance for a full-size motorcycle. It is technically a cycle with a motor in it, so technically, a motorcycle and your motorcycle insurance provider should have no problem writing up a policy for your ride.

This goes for both gas-powered and electric-powered bicycles. If it’s powered by something besides your own two feet, it’s technically a motorcycle and has to be insured as such. A motorized bicycle may be much lighter than a Harley, but once you put a motor in it, it can do a lot of damage, so that liability protection will be mandatory.

If you’re looking to get covered in Allen, TX, or if you have any questions, get in touch with Texas Independent Insurance and see what they can do for you.

A Thorough Overview Of Boat Insurance

Posted on January 28, 2021January 28, 2021 by admin

Texas Independent Insurance serves the Allen, TX community, and the surrounding areas, by offering residents multiple types of insurance coverage. We want to help our clients find policies that align with their individual needs. We proudly serve as an independent agency.

Boat Insurance Options

During humid Texas summers, thousands of residents enjoy boating every day. However, there are a lot of risks involved with boating. Inclement weather such as hail or lightning causes damages. During the most severe cases, hurricanes and tornadoes can be deadly. That’s why it is important that you have boat insurance. Boat insurance covers against some of these challenging risks as you enjoy your time on the water.

You will be protected if your boat collides with another watercraft or object and damages occur. You will also be covered if your boat is vandalized or stolen. You can amend your policy to cover any damage to your personal items and equipment on the boat as well. If you any special equipment onboard or attachments to your boat, you’ll have to add extra coverage to protect you if those items are stolen or damaged.

Liability coverage is an asset. Liability coverage protects you if you are held liable for your boat causing damage to someone else’s property. If you have passengers on your boat, liability coverage will protect you if someone suffers an injury while they are on your boat. You can amend your policy to include emergency assistance if your boat suffers engine failure and becomes disabled.

Pay attention to your policy’s navigational limits. The navigational limits will outline the areas around Allen, TX where you are allowed to operate your vehicle and still maintain coverage. If your boat suffers damage outside of the outlined navigational area, you may not be covered.

Texas Independent Insurance Will Assist You

Visit our website today to learn more information about boat insurance.

I have less than one million dollars in assets. Can I benefit from umbrella insurance?

Posted on December 24, 2020December 24, 2020 by admin

Many Texas residents may be confused about what umbrella insurance is and whether they can benefit from this type of insurance. However, our team at Texas Independent Insurance of Allen, TX can help Texas residents understand umbrella insurance and how it can help them.

What is Umbrella Insurance?

Umbrella insurance is liability insurance. This type of umbrella insurance covers homeowners, auto, or watercraft insurance. This insurance covers things that exceed the current limits of your regular insurance. Umbrella insurance covers your existing personal assets and future assets. This includes wages, your inheritance, or even lottery winnings. Umbrella insurance is designed to cover the cost of a lawsuit or any judgment based on an accident or incident on your property.

Don’t Need to Be a Millionaire.

Umbrella insurance is generally a good idea if you have more than 100K in assets. You should have more coverage than assets. For example, if you have a million in assets, a million-dollar judgment wouldn’t cover it. It’s best to buy more coverage than you need.

Other Considerations.

Umbrella insurance delivers big benefits for a small price. In fact, a $500k policy would probably be $185 a year. This is a small cost for someone who has assets that he or she wants to protect. This insurance helps pinch in circumstances where you’ve maxed out your regular insurance and need extra insurance to cover something. If you expect your assets to continue to grow, umbrella insurance may be a good investment. This insurance has the ability to create peace of mind when it comes to protecting your assets. Few of us could afford to handle a financial crisis if our assets were compromised. If you have questions about umbrella insurance and wonder if you could benefit from it, please give us a call. We’re here to answer your questions.

Variables Texas Residents Should Consider While Researching Flood Insurance Policies

Posted on November 28, 2020November 28, 2020 by admin

Texas Independent Insurance serves the Allen, TX community, and the surrounding areas by offering multiple types of insurance policies. We are focused on providing excellent customer service to our clients and finding the insurance policies they need to protect what matters most. We proudly serve as an independent insurance agency.

Flood Insurance Variables To Consider

Texas is known for having severe weather during different seasons. Natural disasters are common, and they have the potential to cause lots of flood damage. As an Allen, TX resident, it’s important that you consider the benefits of flood insurance. The policy covers your property and your personal items if they are damaged due to flooding. The policy also covers any damages caused by mudflow and debris as a result of flooding. While you are researching different flood insurance policies, think about some of these important variables.

Flood insurance covers your utilities if they are damaged. However, you may consider moving your machinery and utilities to a nearby closet to prevent them from being damaged. Also, be aware that if you make any renovations to your home, you will have to amend your policy to protect those items if damaged because of a flood. You will also have to amend your policy if you have any luxury items in your home, such as rare paintings or fur.

You may need different coverage based on the type of home that you have. If you don’t have a basement or crawlspaces, you may need different coverage than a traditional policy. The policy may also differ based on the number of floods that your home has.

Consult With Texas Independent Insurance

For more information on flood insurance, contact our office today.

How Does Condo Insurance Differ from Home Insurance?

Posted on October 28, 2020October 28, 2020 by admin

When it comes to understanding the differences between home and condo insurance, the first and most important is that home insurance is designed to protect the inside and outside of your home from the dwelling itself to the land that it sits on, while condo insurance is only for your belongings and the interior of the unit. When you purchase a condominium, there are generally two insurance types that protect both your unit and the property – condo insurance and condo association insurance. An individual condo insurance policy covers the interior of your unit and your personal belongings, while an association insurance policy covers common spaces, the exterior, and the roof. The vast majority of owners will only need to purchase condo insurance as condo association insurance is purchased by the board, but keep in mind that a portion of your monthly dues likely goes towards the board’s insurance policy.

When shopping for a condo insurance policy, do not skimp on the liability coverage. If a visitor like a contractor or delivery person is injured while inside your condo, then you could be sued for their medical bills and any other damages that they ask for. Consequently, having adequate liability coverage to protect your assets is imperative. Additionally, most people underestimate the value of their belongings, from clothes to electronics to computers. Still, you want to ensure that your personal property coverage is enough to pay for replacements of your high-value items should they be damaged due to a covered condo insurance claim.

When it comes to finding a condo insurance policy, and you are in the Allen, TX area, head to the business that your neighbors, friends, and family trust – Texas Independent Insurance. Our team of talented and friendly insurance professionals will help customize the perfect policy for your needs, so give us a call today to schedule a consultation.