Life insurance is one of those things that no one wants to think about, but it’s an important thing to consider. Learn these myths so you aren’t leaving your loved ones in a bad financial situation.
1. You Don’t Need Coverage If You Don’t Have Dependents
Even those that are single should have enough insurance to cover any debt, medical bills and funeral expenses. This will ensure that you don’t leave unpaid expenses for your family.
2. You Only Need Twice Your Salary for Coverage
The amount of insurance is going to differ for everyone depending on needs. Factors like funeral costs, the ability to pay off the mortgage and money to provide for your family for several years will go into determining what the coverage should be.
3. Life Insurance Coverage at Work Is Enough
For a single person the employer coverage may be enough, but if you have other dependents you may need more coverage than the policy has to make sure everyone is covered. Even with a work policy, additional coverage can be purchased at State Insurance Solutions serving Arlington, TX.
4. Only the Breadwinner Needs Life Insurance
If one person is a homemaker and they pass, there will be other costs to consider, like cleaning and daycare, so life insurance coverage makes sense to cover those losses.
5. It’s Better to Invest than Buy Life Insurance
You may pass before your investments break even and there will not be enough money to cover the necessary costs for the family with just investments. Once your family goes through current assets, there won’t be any money left over.
There are plenty of things to consider for life insurance and purchasing earlier in life is better. Contact State Insurance Solutions serving Arlington, TX to learn more about your options for life insurance.
When you consider your employees, what exactly do you think about them? Do you find them generally trustworthy, or do you find yourself taking steps to safeguard yourself from what they choose to do the job? No matter what the answer is, you may want to consider just how commercial insurance is meant to help you should something go wrong with your employees. State Insurance Solutions wants the people of Arlington, TX to be as prepared as possible.
Employees Make Mistakes
Whether you work in a dangerous factor with hard hats or in an air-conditioned office, employees make mistakes. What you may not know is that employers typically have to cover any injuries under their commercial insurance with very few exceptions. This means that even if an employee was told how to use a specific piece of equipment but fails to operate it properly, you’re still liable for any injuries they may sustain.
Employees Can Sue
Whether it’s because they feel they were wrongfully terminated or because they feel that your chairs didn’t provide enough ergonomic support, employees can sue for any number of reasons. As you might imagine, it can get complicated quickly if you have to get the courts involved. Having the right insurance in Arlington TX ensures you’re not buried under a mountain of paperwork or legal fees.
The bottom line is that smart hiring can go a long way to avoiding any and all of these potential problems, but no employer is immune from having one of their employees take action against them. If you think you may need better commercial insurance to have a safer chance of defending your livelihood from these potential dangers, it’s time to call State Insurance Solutions today for more information about better coverage.
When people think of life insurance, they generally consider it a wise option for families. However, singles, too, have much to gain from taking out a life insurance policy. Buying a long term life insurance policy from State Insurance Solutions while you are young and healthy can save you hundreds, if not thousands, of dollars over time. You’ll also appreciate having that policy once you’re married and start a family of your own.
Here are a few ways life insurance can be of benefit to singles:
Covers Debts upon Your Demise
Bills don’t just magically disappear once you pass on. Life insurance benefits can help cover your mortgage, vehicle loan, student loans, hospital bills and any other debts you may have accrued before your demise. If you have a joint debt or mortgage with a sibling or significant other, naming him or her as your beneficiary will ensure he or she has funds to pay for your portion of the debt or mortgage after you’re gone.
Pays for Child Care
If you’re a single parent, life insurance benefits from State Insurance Solutions, Arlington TX, can help pay for the care of your child(ren) upon your demise. These benefits can used for daily expenses or saved to pay for higher education after your kids have grown.
Support for Loved Ones
If you’re supporting an aging parent or disabled sibling, life insurance benefits can continue to provide for them after you’re gone. You never know when your time will come. A life insurance policy can give you greater peace of mind that loved ones will be taken care of if you unexpectedly pass on.
There’s more to life insurance than you may have thought. To learn more about life insurance options, benefits and costs, contact us at State Insurance Solutions in Arlington, TX.
If you have just purchased a motorcycle or are in the market to buy one, you may have many questions. One of the questions that we at State Insurance Solutions, serving the Arlington, TX area, are often asked is how the value of a motorcycle affects your motorcycle insurance quotes and purchase price. Here is some information you need to know.
How the Value of the Bike Affects Your Quote Amount
The value of the motorcycle you are purchasing does affect the quote and ultimately the price you pay for the insurance. The more costly the bike, the more costly it will be to replace if it is totaled or stolen. Just like with auto insurance, the more expensive the car, the more costly auto insurance will likely be. Before you buy a specific bike, obtain motorcycle insurance quotes to ensure you can afford insurance on the type of bike you are considering.
What Other Factors Affect Your Quote Amount
While the price of the bike affects your motorcycle insurance quote, it is not the only factor that affects how much you are quoted. The price and value of any add-on items affects the price you are quoted, as does your driving record, how many miles per year you will be driving the bike and the type of bike that you are buying. A dirt bike or crotch rocket are typically more expensive to insure than regular street legal bikes due to the number of accidents associated with these off-road and speed bikes.
If you are looking to get a quote for motorcycle insurance in the greater Arlington, TX area, let State Insurance Solutions help. We would love to provide you with a quote for an insurance policy that best meets your needs. Call us today to get started.
Feeling a Bit of a Whimsy?
The knowledgeable staff at State Insurance Solutions located in Arlington, TX knows a little about that. We want you to feel that you have definitely checked the box when it comes to getting the right kind of insurance for your toy vehicles. Who wants to encounter an insurance hazard while you are out driving one of your toys? The whole ideas is to have fun.
When we say toys we mean your
- Jet Ski’s
Most likely all of the toys out there are going to fit into one of these categories. However with the huge amounts of toy vehicles you can choose from on today’s market, it is a great idea to come in to speak with your agent at State Insurance Solutions to find out what the insurance requirements are before you purchase.
Lately on the scene you may have noticed these huge three wheel vehicles cruising around the local streets. If anything fits the category of toy it would be these buggers. The Polaris Slingshot for example is classified as a motorcycle though it does not ride at all like one. In the state of Texas these slingshots have been legal on the streets since 2015. They are categorized as motorcycles so riders would have to carry motorcycle insurance.
The Triton Trike is another toy dandy with three wheels but is more easily fits the motorcycle category because it has a saddle seat.
When it comes to the Polaris Slingshot and other toys it is important to know exactly what you are getting into. If you are in the Arlington, TX area or nearby please feel free to visit our office or call us. We want to assist you in enjoying your toys to the fullest with no worries.
RV insurance is an important purchase that both covers your liabilities and also protect you financially. However, there are a lot of different options from among which you can choose when you purchase RV insurance. The following are four thing RV insurance will or may cover depending on which policy you purchase:
Property damage resulting from an accident
Basic liability insurance that’s required by law must cover property damage that is caused by any accident you’re in while driving your RV. Property damage could involve damage to another driver’s car or to the roadway itself.
Medical expenses resulting from an accident
Basic liability insurance that you’ll have to purchase to take your RV out on the road in Arlington, TX or elsewhere should also cover any medical expenses resulting from an accident in which your RV is involved. Depending on the state you live in, your insurance might not have to cover you if it is determined that another driver was at fault for the accident.
Damage to the policy holder’s RV
You’ll have to add more coverage on if you want to be covered for damage to your own RV caused by an accident. A basic liability policy won’t cover collision damage to your own RV. If you have purchased an RV with financing, you’ll probably be required to purchase both liability and collision coverage.
Insurance providers like State Insurance Solutions offer a wide variety of extras that go along with RV insurance policies. Possible extra coverage options include coverage for possessions that are in your RV and coverage for situations where you require emergency towing. You could also add rental coverage on in case you need a rental vehicle when your RV breaks down.
If you own a boat, you want to carry boat insurance. Boat insurance helps to cover the boat against accidents while you are boating. But if the watercraft is inoperable, you may wonder if you can and should insure it. This is a question that we at State Insurance Solutions, serving the greater Arlington, TX area, is often asked. Here is some information you need to know about insuring inoperable boats.
What Insurance Covers
Boat insurance helps to protect you against accidents on the waterways. But it also covers your boat if the boat is stolen or vandalized or if someone hits the boat while it is being transported. When your boat is inoperable, you may be towing it to be repaired or someone may vandalize it where it is being stored. As such, you still want insurance coverage on the boat even if you cannot use it on the waterways. This helps to protect the investment you have made in the boat. Additionally, you are required to insure the boat if you still have a loan out on the boat, regardless of whether it is inoperable or not.
Claiming the Boat is Inoperable
If your boat is inoperable or you only plan on storing the boat and not using it, you will want to convey this information to your insurance company. The company may be able to reduce the cost of your boat insurance. However, the policy may be written so that it excludes any coverage on the waterways. As such, this is not something that you want to misrepresent to your carrier.
If you are looking to insure either an operable or inoperable boat in the greater Arlington, TX area, let State Insurance Solutions. We can help with all of your insurance needs, including boat, auto, home and life. Give us a call today to discuss all your insurance needs.
Protect you and your family with umbrella insurance. It’s extra coverage you may need in the event that your current policy is not enough. In Arlington, TX, State Insurance Solutions have trained agents that can give you information about umbrella insurance and how much you may need.
What is Umbrella Insurance?
With any other insurance coverage, you are covered for a specific amount and for certain occurrences expressed in your policy. Umbrella insurance protects you beyond that coverage. It is designed to protect you and your assets above your insurance limits.
Coverage Under the Umbrella
- Bodily Injury Liability – covers you if you cause injury to another person. This can include medical bills and lawyer’s fees. You could also be responsible for paying pain and suffering. With umbrella insurance, you could be covered if you severely injure someone in an auto accident, but your auto insurance only pays for a portion of the bills.
- Property Damage Liability – is paid out if you damage another person’s property. For example, your child is a reckless youth who damages another person’s car or house, some insurance policies will only have a specific limit.
- Landlord Liability – covers the cost if a person is injured on your property. If you are sued because someone was injured as a result of your negligence, umbrella insurance could help.
- Commercial Umbrella – adds to a business’ current liability coverage. If your company must pay medical bills and legal fees as a result of a lawsuit, but the amount exceeds your liability coverage, your business could be in jeopardy without an umbrella policy.
What is Usually Not Covered?
Talk with your independent agent to find out what is going to be covered under your umbrella policy. Some things that are typically not covered include:
- Business losses
- Criminal actions
- Personal property
Stop by the State Insurance Solutions office in Arlington, TX to find out more about umbrella insurance.
State Insurance Solutions offers a unique Life Insurance Policy to give you advantages that are hardly available with policies offered by other insurance companies. The advantages include:
We offer a level premium policy.
This means that the premium paid remains the same for the duration of the policy term. We do not offer the ‘annually renewable’ policy because its premiums tend to increase as the person ages. Our policy ensures that you will continually afford the policy even years down the road.
Your life insurance can have more than one beneficiary.
State Insurance Solutions offers the possibility of listing both primary and contingent beneficiaries. For example, if you list your spouse as the primary beneficiary and a sibling as the contingent beneficiary, the sibling will only access the benefit if your spouse dies before the benefits are paid.
It is easy to pay, and our policy gives you best value for your money.
Our life insurance policy provides great value to our customers because we provide the coverage you need, when you need it and at a great price. We do not charge unnecessary costs. You just have to pick a term length and the coverage amount you need. Once you begin paying your monthly premiums, you are covered for the specified term length.
We offer an Accelerated Death Benefit.
This feature allows the insured to access a portion of their life insurance policy money in case he or she is diagnosed with a terminal illness and is expected to die within 12-24 months. This will help you get your affairs in order such as paying your medical bills and any other expenses.
State Insurance Solutions located in Arlington, TX is here to guide you in case you have any questions on life insurance. Feel free to contact us on our website or give us a call.
If you run a home business, you may need extra insurance coverage to protect your business interests. Your homeowner’s insurance may cover some aspects of your business while leaving you unprotected for others. By exploring business insurance options with your State Insurance Solutions agent, you can ensure your home business in Arlington, TX gets the protection it needs. Here are a few reasons to consider business insurance for your home business.
Protection of Business Equipment and Inventory
Homeowner’s insurance generally doesn’t cover repair or replacement costs of expensive office equipment or tools used in a home business. Without proper insurance coverage, you may have to replace this equipment yourself in the event of fire, flood or other catastrophes. In like manner, an unforeseen peril can result in loss of commercial goods stored on your property. A business owner’s policy will protect all aspects of your business to include damage or loss of business equipment and inventory that’s essential to your home enterprise.
Protection against Liability
If your business requires that business contacts or customers come to your home, you could be liable for work-related accidents that may occur while they are on your premises. An unforeseen lawsuit or liability claim can easily put you out of business. Business liability coverage will protect you against injuries sustained by third parties visiting your home for business purposes.
Protection for Business Data
A business owner’s policy will protect your assets in the event of a digital security breach or technology failure that can cause loss of income or result in a lawsuit.
When it comes to protecting a home business, it’s better to be safe than sorry. For greater insight into personalized business insurance options for your home-based business, contact a State Insurance Solutions agent in Arlington, TX today.