How much life insurance do I really need

Posted on September 21, 2020September 21, 2020 by admin

Most people have asked this question to themselves on more than one occasion, "how much life insurance do I need?" It is not a simple question, and there is not just one universal answer. How much life insurance one person needs may be very different from another person. You may have some life insurance through work, and you may wonder if this is adequate. After all, it’s what they give you. Finding an insurance agent you can trust, has lots of products to offer, and helps make the decision process much more manageable. Texas Independent Insurance in Allen, TX fits the bill nicely.

Every season of your life is different when it comes to your need for life insurance. Some parents get their kids off to a good start by purchasing life insurance when they are still small children. These policies are usually whole life and are a way to save for their future. They earn a little interest and get the ball rolling. When they are term policies, they often offer the option to convert to whole life when they take over the payments.

The saying it is never to early to start buying life insurance is true since the premiums are much lower for young, healthy people. As you take on more responsibility, your need for life insurance increases exponentially. You hope to provide for those who count on you if you are no longer with them. You need enough life insurance to give the security of your loved ones.

Getting the amount of life insurance that you need is a process, and at Texas Independent Insurance in Allen, TX, we will be there with you every step of the way. Call us on the phone or drop by the office to ensure that you have the coverage you need.

Does my auto insurance cover a rental car

Posted on August 30, 2020August 30, 2020 by admin

You’ve been planning your vacation for months, and you’ve booked your flight, hotel, and rental car. When you arrive at the rental counter, you are going to be presented with lots of paperwork to sign and asked if you want to take their insurance. It isn’t just one insurance either. It is layers of insurance. You may feel some pressure to make sure that you have insurance coverage. This coverage can run from $10 to more than $30 a day and can add up. At Texas Independent Insurance in Allen, TX, they have a team of insurance experts who have years of experience meeting customer’s needs.

The simple answer to the question of does my auto insurance cover a rental car is maybe. It depends on your insurance company and the policy you have. If you have a fundamental policy with only liability coverage, you will be covered for any damage you cause to other people or property up to the limit of your policy. To protect the rental car itself, you must have a policy that includes collision and comprehensive. The best thing to do is familiarize yourself with your auto insurance policy limits and if you aren’t sure, talk to your insurance professional.

Your auto insurance policy isn’t the only thing you should check. You should call the credit card company you will use for the rental car. Many cards offer rental car coverage. This can be the primary coverage, or it may just supplement what you have. Depending on your comfort level and ability to pay the additional insurance, you may want to purchase it from the rental car company to keep your own insurance from getting involved.

At Texas Independent Insurance in Allen, TX, you can get your auto insurance questions answered. If you are in the market for a new carrier, as independent agents, they offer some of the top carriers in the business. Please stop by the office or give them a call to make an appointment.

Three tips for evaluating your commercial insurance needs

Posted on July 31, 2020July 31, 2020 by admin

One of the most important things the owner of a growing business needs to do is invest in commercial insurance. We provide commercial insurance policies to business owners in Allen, TX at Texas Independent Insurance. We recommend that business owners do the following three things when evaluating their commercial insurance needs.

Explore the various types of commercial insurance

Commercial insurance is a complex product because there are so many different types of commercial insurance available. Some of the most common types are property, liability, and workers’ compensation insurance. You might also need commercial vehicle insurance or malpractice insurance.

There are many additional types of commercial insurance available. Discuss your commercial insurance needs with a representative from your insurance company to learn more.

Consider your company’s risks.

Every company faces unique financial risks. These could include liability risks or risks for an event or accident preventing revenue opportunities. A good business owner knows how to plan for these risks and protect against them with insurance.

As part of evaluating your insurance needs, list all of the financial risks your company faces.

Analyze your company’s budget

You’re going to have to pay your commercial insurance premiums regularly. The expenses of your commercial insurance will add up over time. This means you need to factor these payments into your budget and do what you can to minimize them to improve your bottom line.

Determine how much your company can afford to spend on commercial insurance premiums each month. Find a commercial insurance option that provides your company with the greatest amount of value.

If you’d like to explore our commercial policy offerings in Allen, TX, contact us at Texas Independent Insurance.

Three questions to ask before purchasing a home insurance policy

Posted on June 10, 2020June 10, 2020 by admin

You need to research your situation and options before purchasing home insurance. At Texas Independent Insurance, there are some questions that we recommend that Allen, TX homeowners ask before buying a home insurance policy.

The following are three questions to ask regarding home insurance.

Should I get an actual cash value or replacement cost policy?

A cash value policy covers a home for the amount it was worth at the time of purchase minus depreciation. A replacement cost policy covers the house for its full original value without factoring depreciation into the equation. Actual cash value policies are generally less expensive. However, it may be worth it to invest more in a replacement cost policy if a claim eventually needs to be filed.

What types of damages do I need to have covered?

Every home is unique. Some households require more coverage than others. For example, you’ll need to add on more coverage for natural disaster damages if you live in a flood zone. Consider the unique damage risks your home faces when deciding what coverage types you need to purchase.

How can I save money on my home insurance?

Home insurance will be a recurring expense that homeowners must cover every month. As such, it’s a good idea to do what you can to reduce home insurance costs.

Fortunately, there are quite a few ways to bring home insurance premiums down. Homeowners can lower home insurance costs by bundling multiple insurance policies with the same provider. For example, they may enjoy a discount if they purchase both home and auto insurance from the same provider.

Homeowners can also reduce costs by increasing their deductible amount or making home improvements that increase home security.

If you’d like to learn more about your home insurance options in Allen, TX, contact us at Texas Independent Insurance with your questions.