News
Homeowners covered by Farmers Insurance will see their second premium increase this year, the company told state regulators Friday, planning to boost the cost of most policies in Texas by an average of 15 percent.
The higher rates would affect 520,000 Farmers customers who have either a Texas Family Home policy or a Next Generation Homeowners policy.
The rates will take effect for new policies and renewals starting Sept. 18. Click here to read the full article.
As a small business owner, you know the importance of preserving your assets. For many business owners, the largest single asset they possess is their building. Whether you occupy the building or operate as a landlord (or both), consider key exposures in your risk-management and insurance planning.
Your business may be ill-prepared to afford damages to your building that lead to major repairs and renovations. Your solution? Adequate property insurance written for the full insurable value of the building.
Policies take many shapes and forms, with coverage ranging from basics such as fire, windstorm and vandalism; to the broadest forms, which cover any loss not specifically limited or excluded. Talk with your Insurance Agent about what policies your business is eligible for and decide what amount of coverage and price best meets your business needs. Click here to read the full article.
Never has it been more important to seek out the financial stability of your insurance agent/agency. As reported in the Weatherford Democrat, a Parker County Insurance Agent recently took $200,000 from clients.
A few key questions to ask your Insurance Agent are:
- Has he/she filed any personal or business bankruptcies in the past 5 years?
- Has he/she had any complaints filed against them with the Texas Department of Insurance?
- How many staff members are currently in the agency? How long have they been with the agent? (Employee turnover is often a sign of financial struggles
Insurance is a complex subject that could affect you and your family's financial well being. Don't be misled, make sure you take the time to research and get to know your Insurance Agent/Agency, it could prove to be one of the most important things you ever do!
Car crashes are the #1 killer of teens in America today. As you read the statistics below, keep in mind the most telling statistic of all: according to a recent survey, 89% of teens said their parents have the biggest influence on how they drive.
- Is the construction on your house covered at actual cash value or replacement cost value?
- Is your personal property covered at actual cash value or replacement cost value?
- Does your policy provide additional living expenses? (Additional living coverage pays for your living expenses while your damaged home is being repaired).
- Does your homeowners policy provide liability protection coverage for others?
Arm yourself with knowledge. If you need help understanding and/or determining if you have the correct policy to fit your individual needs, give our office a call. We understand insurance is complicated, that is why we have experts on hand to serve all of your insurance needs.
