A deductible is an amount that you're responsible for in the event of a loss. This is the amount you pay out-of-pocket, and insurance covers the remainder.
No. You do not need a new home appraisal during the renewal or coverage change process.
The type of business you own, among other factors, helps determine the insurance you might need. Required insurance also varies from state to state. Our agents can assist you in figuring out what coverage you need.
This type of insurance helps pay for medical bills, legal fees, and property damage claims when dealing with customer injuries or other accidents. General liability insurance is critical for small businesses.
Commercial property insurance covers repair or replacement costs for the property of the business, and if you own it, the building itself.
A business owner's policy (or a BOP) is a good option for small businesses . It groups together general liability and commercial property insurance for a lower cost than purchasing those policies separately. Not all businesses are eligible; a business typically needs a small office, less than 100 employees, and to bring in less than $1 million in annual revenue to qualify.
Commercial auto insurance covers lawsuit costs if you or an employee get into an auto accident, as well as costs for vehicle theft or damage.
If your business owns vehicles used to transport clients or employees, move equipment required or otherwise used for the business, and/or travel to work locations, then you need commercial auto insurance.
Workers' compensation insurance protects employers from lawsuits from injured employees. This insurance provides payments to employees with work-related injuries or sicknesses for time lost from work and for medical services.
Most states mandate workers' compensation insurance, but Texas does not. Most business owners do opt for coverage, however, as it can pay for missed wages and medical services for work-related injuries or sicknesses.
You can fill out our free commercial quote sheet here.
A standard homeowners insurance policy typically pays to repair or rebuild the home in case it is damaged by a disaster listed in the policy, pays a percentage of the amount of insurance on the home to cover belongings, protects against lawsuit fees in the case of bodily injury or property damage caused by the policyholders to other people, and pays for expenses caused by living away from home if a house in inhabitable due to a covered disaster.
Most homeowners policies will cover sixteen standard disasters. These are fire or lightning, windstorm or hail, explosion, riot or civil commotion, damage caused by aircraft, damage caused by vehicles, smoke, vandalism or malicious mischief, theft, volcanic eruption, falling object, weight of ice, snow or sleet.
Other covered disasters include accidental discharge or overflow of water or steam from within a plumbing, heating, air conditioning, or automatic fire-protective sprinkler system, or from a household appliance; sudden and accidental tearing apart, cracking, burning, or bulging of a steam or hot water heating system, and air conditioning or automatic fire-protective system; freezing of a plumbing, heating, air conditioning or automatic, fire-protective sprinkler system, or a household appliance; sudden and accidental damage from artificially generated electrical current (does not include loss to a tube, transistor, or similar electronic component).
Some bare-bones policies will only cover the first ten listed disasters.
Standard homeowners insurance policies exclude flood, earthquake, war, nuclear accident, landslide, mudslide, and sinkhole coverage. These coverages can be added separately.
Different states have different requirements, but the minimum liability limits accepted by Texas are $30,000 bodily injury coverage per person, $60,000 bodily injury coverage per accident, and $25,000 property damage per accident (this is known as 30/60/25 coverage). Bodily injury liability coverage will compensate for medical bills and lost income for other people injured in an accident, while property damage coverage pays for damage to vehicles or other objects damaged in an accident. It's recommended that drivers opt for more than the minimum coverage, as multi-car accidents or more severe incidents can leave a driver paying a lot of money out of pocket.
Term life insurance will provide a payout if death occurs during the outlined term of the policy, whereas whole life insurance provides whenever the holder of the policy passes away.
Fill out a free personal quote sheet here.
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