Perks of Knowing Your Insurance Agent

insurance agent relationshipDo you know those commercials that say they can give you an insurance quote in just ten minutes?  As nice as it sounds to have this task of finding insurance over and done with as quickly as possible, this is not the most helpful way to get insurance when you actually have a claim.  Most people do not find having to search for the right claim coverage they are looking for very enjoyable.  Whether it is home, renters, flood, windstorm, or auto insurance, many people get lost in all of the details.

Though it may seem convenient to quickly enter some information online and get a quote, it often times is not the specific coverage you may need.  It may be more or less than you actually need.  By not taking the easy way out and actually using a real insurance agent, one that you can build a relationship with, you will be less likely to get a headache when you need to file a claim. This is really the whole point of having insurance in the first place—for all of the unexpected life events and having someone you know and trust to help take care of your situation.  

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Jewelry, Watches and Furs, Oh My!

cover your valuables like jewelry and watchesCoverage for Jewelry Watches and Furs is limited on the Texas Homeowners policy.  Most standard policies only cover $500.00 for the Theft of these items.

If the entire house burns down, all your items are covered subject to the terms of the policy like contents limits.  However, for Theft Only you should purchase additional coverage if you have lots of jewelry, expensive watches or even furs.  You can extend or endorse your coverage to up to $5,000.00 for the theft of these items stolen from your home.

If you have one piece of jewelry you are particularly concerned about, you might want to look into a Jewelry Floater.  A Jewelry Floater covers one specific piece of jewelry, for example, a wedding ring.  The advantage of a floater is the coverage is All Risk of physical loss.  So if you lose a stone, break a clasp or drop it down the sink, the policy will cover that item for the amount it is insured for.

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What To Do in Case of a Car Accident?

what do do if you get in a car accidentNo one likes getting into a car accident and you can never plan for it enough. Not only can it damage your car but a car accident can injure you, ruin your day and cost you money. Here is a list of a few things you should NEVER do after an auto accident.

Never Leave the Scene

Always stop and ask if everyone involved in the car accident is okay.  Vehicles are easier to fix than people and everyone’s well being is the most important factor.  Make sure everyone is safe and secure medical attention for anyone injured.

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Insurance is Only One of Four Methods to Manage Risk

Building blocks of managing riskBuying insurance only covers a portion of the risk management puzzle.  There are actually four methods in which to manage risk.

The four methods to manage risk are avoidance, reduction, transfer and retention.

Avoidance is the removal of the potential exposure or Hazard. An example is homeowner liability claims from dog bites. If you don’t want to be sued from your dog biting someone, then manage the dog to avoid the risk.

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Hurricane Preparedness

hurricane preparedness is essential in galveston countyAugust and September are the Atlantic Hurricane Season when the waters really heat up and we see the bulk of storm activity.  We never know the exact location of where the most damage will be seen but the point is to know what to do in the situation and be as prepared as you possibly can.  Here are some helpful tips to assist you in being prepared.

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