Life Insurance Coverage for Different Stages of Life

As life progresses the need for life insurance changes. It is important to have an insurance review with the help of your agent at State Insurance Solutions in Arlington, TX to adjust insurance coverage for new needs. Some of the common reasons for needing adjustment to life insurance include moving out of a parent’s home, getting married or divorced, relocating, joining the military, having a baby or adopting a child, and starting retirement.

Living on Your Own

When a young adult moves out of their parent’s home to start their independent life, this is a great time to also start investing in life insurance. When a young person invests in whole life insurance, it builds cash value over time. The monthly investment is very modest at a young age and this creates a good habit of saving for the future that comes in handy in later years.

Marriage or Divorce

Getting married or getting divorced creates a different need for beneficiaries for a life insurance policy. Even in the sad case of getting divorced, it may be desirable to make any children of the marriage beneficiaries of the life insurance proceeds in order to protect them.

Relocation

Relocation triggers the need for a life insurance review if the new location is more dangerous than the old one.

Joining the Military

There are death benefits paid to survivors for those in military service who lost their lives while on active duty. This is a consideration for adjusting life insurance needs when someone joins the military.

Having a Baby or Adoption

This is one of the most important reasons to increase life insurance coverage. As a responsible parent, you will want your child to be well taken care of if something happens to you.

Retirement

Reaching retirement age is a time for celebration. There may be less pressure to maintain life insurance at high levels for you if the next generation has their own coverage in place. You may wish to shift your investment to help the younger generation with their life insurance policy.

Contact your agent today at State Insurance Solutions in Arlington, TX to update life insurance based on any of these or other life changes.

Renewing Your Auto Insurance Policy? Avoid These Mistakes

Working with a trustworthy insurance agency is key to getting good auto insurance coverage at reasonable costs. At State Insurance Solutions in Arlington, TX, we can help you avoid costly mistakes in purchasing auto insurance that can increase your premium unnecessarily. What are some of the most common mistakes people make when renewing their auto insurance policy?

Not Re-evaluating Their Needs

When renewing car insurance, it’s important to re-evaluate your needs as circumstances may have changed from when you purchased your original policy. If you upgraded your vehicle or use it more often, you may need more coverage to protect you against accidents. Consider the value and use of your vehicle, your driving habits and your budget when renewing your policy to determine the coverage you need.

Not Shopping Around

Auto insurers vary in coverage options and costs. If you don’t shop around, you may get stuck with mediocre coverage from a mediocre company. Research your options, compare insurance packages and costs and look for a company you can trust.

Getting Insufficient Coverage

Insufficient auto liability coverage could leave you liable for paying high medical bills or property damage to others in an accident you cause. Without collision coverage, you’ll also foot the bill for repairs to your car. Unless you’re financially capable of handling these expenses, it’s best to obtain insurance coverage that offers protection for both.

Raising Deductible Too High

You may be tempted to raise your deductible to lower insurance costs. If you choose a deductible that’s higher than what you can reasonably afford to pay for injuries or car repairs in the event of an accident, you’ll suffer financial loss as you’ll have to pay more out of pocket to cover accident costs.

For help selecting the right car insurance package at the right cost, contact us at State Insurance Solutions in Arlington, TX.

Talking to Your Arlington, TX Agent About Commercial Insurance

If you’re operating a business in the Arlington, TX area, you probably need commercial insurance. That way you can protect your business financially, and you can also protect your employees and customers if they are injured while on your property. Not every business will need the same kind of insurance solution, though, so you want to make sure you’re getting what works for your business and situation. By working with an agent at State Insurance Solutions, you can get the information you need to make the right decision about your commercial insurance policy.

For a small, home-based business without customers coming to the door, for example, a commercial policy may not even be necessary. Additionally, an office and a factory will have very different insurance needs. Two offices may also have unique needs, depending on whether they have customers that come onto the premises and what types of services they perform. Retail establishments may need higher liability levels to protect against damaged and broken items. There’s so much to consider with a commercial insurance policy, so working with the right agent is definitely the way to reduce problems and add the right layer of protection.

By reaching out to State Insurance Solutions for your Arlington, TX business needs, you’ll be able to work with a knowledgeable agent who can give you the information you want and need about policy options. Then they can work with you to choose the policy that is going to be right for your business. You should periodically review the coverage with your agent and make adjustments as your needs change, as well. Then you can be sure to have what you need in the way of a good policy that will protect your commercial investment and give you peace of mind.

What Does Your Basic Home Insurance Policy Cover?

Home insurance is something that any homeowner needs to have in place even if they own their home with no mortgage against it. The key is knowing just what your basic policy covers so that you can be sure you are fully protected from anything that may happen. For those in the Arlington, TX area, the agents with State Insurance Solutions can help you create your perfect policy.

So what does a basic policy cover? For starters, it covers damages to the home that are the result of things like unintentional fire, storm damage, ice and snow damage, water damage from burst pipes, theft of property, damage to a property that happens during a break in and more. This type of policy does not cover things that are out of the ordinary for the majority of homeowners like a flood, volcanos, hurricanes, and more.

Your basic policy is going to cover the basics and is going to keep your home and property within the home safe in the event that you have to replace or repair items in the home or the home itself. Your coverage is determined by how expensive your home is, how much you ensure the contents for, and if you add any extra or supplementary policies to help cover things like a flood which may be common in your area but not in others. It is best to take the time to speak with an insurance agent to see just what types of coverage you may need and how much you should cover your home for.

For those in the Arlington, TX area, the agents with State Insurance Solutions can help you find the policy that works for you and that is going to keep you protected no matter wha

If I lend my car to a friend, am I responsible if my friend has an accident?

If you drive a vehicle in Arlington, TX, you may have had a reason to borrow a friend or relative’s vehicle or to lend your own vehicle to someone else. Nobody thinks about the possibility of being in an accident, but unfortunately, it is something that often happens without warning.

You probably feel secure if you have a policy through State Insurance Solutions, knowing that you will be covered. But if the driver isn’t the owner of the vehicle, who is ultimately responsible for the accident?

The answer doesn’t turn out to be completely clear cut. A motor vehicle insurance policy is taken out by an individual on a specific vehicle, and if that vehicle is in a crash the insurance policy will go into effect to help pay for that accident.

But the driver has some responsibility too. In Texas, drivers are considered responsible for any crashes they cause. If you are involved in an accident in someone else’s vehicle and found to be at fault, you are liable for any resulting damages, including medical bills or auto repair.

If the amount of damages exceeds the policy limits for the accident, the injured party may end up pursuing both the driver and the owner of the vehicle for compensation. Clearly, it would be wise to be careful who you lend your vehicle to, even if you have a strong insurance policy.

If you are interested in obtaining an automobile insurance policy in Arlington, TX or if you just have any questions, please feel free to contact State Insurance Solutions for a free consultation today.

Do I Need Boat Insurance In Arlington, TX

For most people, buying a personal watercraft such as a boat may be one of the most costly expenses they will ever make after purchasing an automobile or a home. Yet, many of these people don’t consider insurance for their watercraft or boat to be anything until the need to file a claim becomes necessary. Though there is no rule, regulation or law that requires anyone to purchase insurance for their personal watercraft in Arlington, TX, it is, however, not a bad idea to consider purchasing an insurance policy to protect you and your investment.

Why consider boat insurance?

Despite being one of your most valuable assets, your boat can also be one of the most vulnerable assets. As a matter of fact, it can be involved in catastrophic accidents and can even be lost to a lawsuit, windstorm or fire. To this end, having the right coverage in Arlington TX would be helpful to repair the boat to use again or even replace it entirely.

Protect your own assets

Insurance is a legal promise signifying that you will be paid or compensated by your insurance company for the losses that may occur during the policy period. As a boat owner, you may need to buy insurance that will cover your boat for a while which could last up to a boating season or even for a year. To this end, it is important to understand what is and what isn’t covered before making any purchase.

State Insurance Solutions can help you understand and identify the right type of coverage you need for your boat. Remember, that you can’t store premiums with insurance since it is not a bank. So, endeavor to understand the legal contract you are getting involved with before you sign it.

For further inquiries, questions or advice, ensure to contact State Insurance Solutions.

Instances When Umbrella Insurance Is Right For You

Arlington, TX residents are often confused about umbrella insurance and whether they need it. That’s why we at State Insurance Solutions are providing this simple-to-understand guide to when you might want to add it to your policy.

The Nature Of Umbrella Insurance

Umbrella insurance is a type of liability coverage that extends what your company pays. For example, if you get in a car accident that causes a serious problem and your liability coverage cannot pay for it, umbrella insurance will help to pay for the extra cost.

When You Might Want It

There are several instances in which umbrella insurance is a great choice. While umbrella insurance isn’t a great choice for everyone, there are several types of people who might want it, including:

  • People who travel abroad regularly
  • Those who own a significant amount of property
  • Anyone who owns dangerous items, such as trampolines, pools, or even large dogs
  • Participants in sporting events, such as coaches
  • Volunteers in a variety of situations
  • Hunters, fishers, surfers, or skiers who participate in dangerous events

These people often benefit from umbrella insurance because it provides a more comprehensive rate that helps to avoid serious liability issues. For example, people who travel abroad may get sued if they end up causing a serious car accident in another country.

While your normal liability insurance won’t cover these lawsuit costs, umbrella insurance will help keep you from losing too much money. And sports coaches often need this kind of coverage because parents get angry at them when their children get injured and try to sue them.

Deciding On Umbrella Insurance

If you think that umbrella insurance is right for you and you live in Arlington, TX, give us a call at State Insurance Solutions. Our experts will make sure you get a policy that is right for you.

Can I Get Life Insurance After 50?

One of most commonly asked questions regarding life insurance by people living in Arlington, TX is whether or not a person can purchase a policy once they get older. While it is not suggested to wait so late in life to buy life insurance, it is possible. In fact, no matter a person’s age, buying a policy is still an option. For now, let’s take a look at the reasons not to wait until you’re 50 to buy a life insurance policy.

The Older You Get, the Closer You Are to Dying

With each passing day, you are getting closer to dying and insurance companies know this. This is why they prefer you to buy a policy when you are younger. Not only is it beneficial to them, but it is beneficial to you because you can lock in lower rates. The younger you are, the lower your premium rate will likely be. Getting a policy when you are 25 versus 50 could save you thousands of dollars in premiums.

Your Health Becomes More Complicated the Older You Get

One of the primary factors that affect your life insurance rate is your health. As you get older, though, your health tends to start to go downhill. As you run into more health problems, the more costly your life insurance will be if you have yet to buy a policy. If you purchase a policy while you are young and healthy, though, you can lock in a good rate that won’t change based on changes that take place in your health.

To learn more about life insurance, as well as commercial insurance, please contact Stateline Insurance Solutions today serving the Arlington, TX area.

Texting in Texas: Important Considerations for Business Owners

Many businesses hire commercial drivers. We notice them on streets throughout the greater Arlington, TX area, whether they are delivering small packages or navigating large trucks. As employees and ambassadors of the businesses they work for, these drivers must exercise great caution on our roads while also meeting their deadlines. Employers need to know about a recently-enacted Texas law that affects how these drivers communicate with their offices while on the clock.

More than a half-century ago, businesses began outfitting their fleets with citizens band (CB) radios. By the mid-1970s, CB radios also became popular in many private vehicles, though much of the use today is by truckers and other commercial drivers checking on road conditions along their routes. Over the last two decades, advances in technology and competitive pricing have allowed drivers in many businesses to use mobile devices as the preferred way of staying in touch with their home base.

Importance of the Alex Brown Memorial Act

Numerous jurisdictions have enacted laws in response to the dangers resulting from distracted driving. Employees who text or use other mobile apps while operating a vehicle may pose a liability to their company. Texting or scrolling through apps on hand-held devices is very distracting, dangerous, and sometimes deadly.

The Alex Brown Memorial Act took effect throughout Texas on September 1, 2017. This legislation regards tablets, mobile phones, and similar devices as distractive items for motor vehicle operators. Under this law, using these devices while operating a vehicle is a primary offense with legal penalties imposed.

State Insurance Solutions encourages commercial firms in Arlington, TX and throughout our state to inform their employees of this law. Responding to a text or message while safely off the road may save a life. State Insurance Solutions looks forward to assisting you with your life and commercial insurance needs. Contact us today.

Why auto insurance protects your family

State Insurance Solutions serving Arlington, TX understands Texas values, American values:  Apple pie, Family, and a great car adventure.

One of the great things about living in Texas is piling the family and friends in the car and going to experience some of the best of Texas : the Texas State Fair, the cowboy life at Sugar and Spice Guest Ranch, and great and unique cities like Dallas/Fort Worth, San Antonio, Houston, the National Seashore at South Padre Island and all that Texas can offer, in family fun.

You crave that family fun. So why shouldn’t you want the best auto insurance can provide to protect your family?

Good auto insurance for your family sometimes involves looking at what is best for your situation. You aren’t just protecting small bodies from injury or the cataclysm of an accident that involves intensive medical bills, you are protecting your families assets from the possible financial damages result of an accident.

According to Kelly Blue Book, the best way to protect your family is to not to be underinsured.

Avoid being an underinsured family motorist:

Go beyond the state minimum for bodily liability

Get auto insurance coverage for property damage

Protect yourself against uninsured and underinsured drivers

Check health insurance before choosing medical expenses coverage

Don’t be sideswiped by going without collision coverage

Be smart with your comprehensive coverage

Get enough coverage to protect your assets

At State Insurance Solutions serving Arlington, TX, they understand how much Texans love their families and love to drive off into the sunrise and sunset to have fun, but they also understand what you need to protect your precious family, and they are just a short drive (Texas style) away and ready to help.