If you live in the El Paso area, or pretty much anywhere else in Texas, chances are you’re probably going to need to make an insurance claim someday. People generally tend to think of the process of filing an insurance claim, any insurance claim, as painful, but they don’t always have to be. Just how difficult the claims process may be is often dependent upon how well prepared you are when you speak to your agent and how good your agent is.
For a home insurance claim, there are a few things you can have on hand that will make your claim go easier. First off, you obviously need the contact information for your insurance agent, and your policy number would be helpful, too. A home inventory is really helpful for showing what you had in your home before the damage, but of course it would need to have been updated fairly recently to be of any use. Photographs of damaged items are very helpful, too, especially if they show the item very clearly before it was damaged and have a time and date stamp to show when they were taken.
If you don’t have photographs or a home inventory, the next best thing is receipts. The good news is that you don’t necessarily have to save the receipt from every purchase you make for your home. Online merchants will usually save digital records of your transactions on your account, as do your credit card companies.
In El Paso Texas, we are the independent agent that can help you to find the best coverage for all of your insurance needs by using comparative quotes. Rest assured, you will end up dealing with an agent you can trust to make your claims process as painless as possible.
In a perfect world, everyone would have auto insurance to cover the expenses that are incurred when an accident occurs. However, in reality, not everyone has car insurance in El Paso, Texas, or anywhere else in the United States. If you’re in an accident, and not at fault, the situation could go a couple of different ways depending on who has insurance.
The At-fault Person Doesn’t Have Insurance- Most states require people to have liability coverage on their auto, but unfortunately there’s no way to be sure that everyone on the road has an insurance policy in place. If the person who damaged your vehicle doesn’t have insurance, and you do, you will have to go to your insurance provider and file a claim. In this case, you’ll have to pay the deductible and can then deal with your own company to get the repairs made. If the at-fault person has no insurance, although they should pay your deductible, they probably aren’t in any financial position to do so, and you’ll be stuck paying that amount even though you’re not at fault.
The At-fault Person Has Insurance- Legally, the person who is at-fault will file the claim with his insurer, but that’s not always the case. S ome people prefer to work with their own company to get things done more efficiently. Filing with the other insurance company keeps your record clear, though you probably need to file a report with your company letting them know what has happened. You can check your policy to get the specific details on this.
Because so many motorists do not have any, or sufficient amounts of, car insurance, it’s a good thing to make sure that you are adequately covered. Un -insured and under-insured motorist insurance from your independent agent in El Paso affordable and may just save you a lot of time, money and hassle one day. We are here to help you find a good insurance policy & answer any questions that you may have with regards to accidents and liabilities.
When you are a renter in El Paso or elsewhere in Texas, regardless of whether or not you are renting an apartment or a condo, you will need to purchase home insurance. Talk to an independent agent to discuss your specific needs in a home insurance policy. As a renter, you probably don’t realize that the insurance your landlord has on the property, covers the physical structure and things like the appliances that come with the apartment. That insurance doesn’t extend to any of your personal possessions.
Types of Home Insurance Available to You as a Renter
As a renter, you have two options as to the type of home insurance policy you can get. A Named Perils home insurance policy provides you with limited coverage that only extends to the specific perils named in the policy. If your property or personal possessions are damaged because of something that isn’t named in the policy, you will not be able to collect money for those damages.
An All-Risk policy will cover all risks, unless something is specifically exempted from coverage under the policy. Although you will pay more for an all-risk policy, you will be able to collect money if you file a claim for damages related to anything – unless the policy is clear that it isn’t covered. An all-risk home insurance policy will cost more, but you get more protection for the money.
Neither the Named Perils home insurance policy or the All-Risk type of home insurance policy include coverage for flooding, so you would need to purchase flood insurance separately, and that can be done through the National Flood Insurance Program. Your El Paso, Texas independent agent can give you more information about this and help you purchase a home insurance policy that meets all of your needs.
Other Important Information to Know
When you purchase any type of home insurance as a renter, you can choose between two types of coverage for monetary reimbursement: actual cash value or replacement value. If you opt for replacement value, your home insurance policy will reimburse you for the cost of replacing your damaged or destroyed property. If you opt for actual cash value, your insurance company will consider what you paid for your property and subtract depreciation for use of the property over the years. You will only be reimbursed for the amount you paid after the depreciation is subtracted.
If you operate a business in the Albuquerque area, you most likely need to carry workers compensation insurance. If an employee becomes injured or ill while working on the job, your workers compensation coverage kicks in to cover the employee’s medical costs and lost wages. Here are the basics that every New Mexico business owner should know about workers compensation insurance.
Who Is Required to Carry Workers Compensation Insurance?
Workers compensation insurance is made mandatory in almost every state, and this includes New Mexico. If you are a sole proprietor or an executive employee of a corporation or limited liability company, then you may not be required to obtain coverage.
New Mexico law states that any business that employs three or more employees is required to have a workers compensation insurance policy. Also, construction businesses are required to possess workers compensation insurance no matter how many employees they have.
Regardless of the size of your business, it is advised that you consult with a legal professional to determine whether your business is exempt from the law.
What Workers Compensation Insurance Covers
Workers compensation insurance specifically covers the medical expenses incurred by injuries or illnesses that take place as a direct result of tasks performed at work. Workers compensation coverage also reimburses the employee for wages that are lost while he or she is seeking medical attention. For example, accidents on a construction sight or in a retail stock room would be covered in your policy. However, workers compensation does not cover injuries that may occur to employees when they are off the job.
Purchasing Workers Compensation Insurance
Every business is different and has different insurance needs. An Albuquerque independent agent carries policies from multiple agents so that you can obtain coverage that is compatible with your business. Contact us today, and an independent agent can help you obtain workers compensation insurance that offers the best value for your business.