Get Online Auto and Home Insurance Quotes in Addison, TX

Texas is a great place to live if you don’t like being told what to do. For instance, Texas does not require you to have home or auto insurance. In terms of auto insurance, you are only required to show proof of financial responsibility, which may or may not involve auto insurance. For home insurance, most Addison, TX homeowners accept the need for it, and indeed most are required to have it by their mortgage company.

Knowing that you need or want auto & home insurance is one thing, finding the right policy at the right price is quite another. No two policies are alike because they contain so many variables. It starts with what type of policy you even want. For car insurance, you could opt for just enough liability insurance to cover your financial liability requirements, or you could get full comprehensive, collision and other coverage to make sure your car is covered in every contingency. Similarly, you could take a basic home insurance policy that might protect you from some of the more likely events in Addison, such as hail, thunderstorms or even tornados, or you could add more coverage for likely events that aren’t part of basic coverage, like floods. You can also adjust your coverage amounts and deductibles based on your individual needs.

Once you have an idea what you’re looking for in auto & home insurance, the next step is to get some quotes. In the old days, this would involve calling or visiting a number of agents, telling each of them exactly what you want, and then escaping their sales pitch long enough to get out with a written quote. Nowadays, however, all you need to do is visit our website, where you can get live comparative quotes on both auto & home insurance so you can be assured of getting the best deal.

Important Points Homeowners Should Know About Homeowners Insurance in Texas

Every Texas homeowner must have home insurance. The mortgage company requires it to protect their investment. Basic homeowners insurance policies cover certain areas: dwelling, personal property, loss of use, personal liability and medical.

 

Basic Policy Inclusions:

 

Dwelling – includes damage or destruction to your home.

 

Personal Property – includes your clothing, furniture, appliances and other personal possessions.

 

Other Structures – includes structures on your property other than the house. That would include outbuildings, a detached garage, shed, barn, or fences.

 

Loss of Use – covers your living expenses if your home is destroyed damaged to the point where you have to live somewhere else – temporarily. It either pays a percentage of the amount of your dwelling insurance, or your living expenses for a predetermined time frame after the destruction.

 

Personal Liability – is designed to protect you against lawsuits related to injuries or damages people suffer to their property while on your property.

 

Medical – pays the medical expenses for people who are injured on your property. It also covers instances where your dog bites someone on the street or at the part. Your basic Texas home insurance policy only pays $500 towards the hurt person's medical expenses. You can increase the amount it covers by buying more coverage.

 

Important Differences Between All Risk and Named Perils

 

Named Perils is just that. It only covers damages from circumstances that are specified in your policy.

 

All Risk coverage is the most comprehensive type of home insurance you can get. It will cover everything except exclusions that are specified in the policy.

 

Replacement Cost versus Actual Cash Value

 

Replacement cost will pay to repair or rebuild your home. Because it considers current construction costs (or the current cost of any property that would have to be replaced,) you would be able to repair, replace and recoup whatever you lost. To get this type of protection, you pay more for your policy.

 

Actual Cash Value looks at the cost of your home – or personal property, when you bought it. It then subtracts depreciation – for wear and or use. The disadvantage to choosing this over replacement cost is that you may not have enough money to repair damage or replace your home after a catastrophe.

 

The best way to learn about the best Texas homeowners insurance options for you and your family is by talking to our local independent agents. They can help you weigh the pros and cons of different types of coverage.

Types of Vehicles Covered Under Auto Insurance Policy in Texas

You need liability coverage in Texas in order to legally drive around, but if you have a vehicle that doesn’t quite fit the standard definition of what an automobile is, you want to make sure that you have coverage options when you sign up. We’re happy to go over the specifics of vehicles that are covered under a standard auto insurance policy, and which need specialty coverage.

Generally, any standard automobile, which tends to be sedans, coupes, and convertibles, plus mini vans, full sized vans, jeeps, SUVs, and trucks are covered by standard auto insurance policies. This type of insurance provides liability for the basic coverage option. A liability is the financial amount you are obligated to pay in the event that you caused an accident that resulted in either property damage or harm to a person.

We’ve had a few vehicles come across our desk that require their own specialty insurance. Recreational vehicles are one type of automobile that requires its own type of insurance. While it does share characteristics with a standard car, a RV also has several systems more akin to a house, along with holding a number of personal assets for the drivers. This type of insurance is a combination of homeowners and automobile insurance.

Another type of vehicle that requires its own insurance is a motorcycle. This is due to the fact that motorcycles are in a different risk class than automobiles. This is partially due to a lower amount of safety features, and also due to the fact that many drivers don’t know how to act around motorcycle drivers, resulting in accidents.

Need to talk to us about your insurance needs? We’re more than happy to walk you through the auto insurance world, or you can use our free online quotes system to get comparative quotes.

How can I lower my Home Insurance Premiums in Balch Springs, TX

A number of factors are used to calculate your specific home insurance premiums. Some of these, such as the physical location of your home in Balch Springs, TX, you have no control over. There are others you can control, however. Alter these factors, and you will save on your homeowners insurance premiums.

Choose Higher Deductibles

Insurance agents rarely advise people to skimp on their limits, although many homeowners may be tempted to lower their limits in order to save on their premiums. If your limits do not cover your home’s entire value, you might end up being responsible for thousands, even tens of thousands of dollars worth of damage after a catastrophe.

Higher deductibles, on the other hand, pose much less risk. Raising your deductibles from $500 to $1,000 will only cost you an additional $500 if you file a claim. It could save you much more than that in premiums.

Install a Security System

Most insurance companies offer discounts to homeowners that install security systems. The exact discount depends on the type of security system installed and your specific insurer. Contact them to find out how much your premiums will be lowered, before paying to have a security system put in your home.

Shop Around with an Independent Agent

The best way to make sure your premiums are as low as possible is to shop around with our independent agents. We do not sell for a specific insurer but are able to purchase insurance for our clients from any insurers in the area. Call us today, to see how much you might save on home insurance.