A homeowner has a responsibility, or rather desire, to take care of what is theirs. Part of that protection is to focus on having the right policy in hand, and while they all tend to follow a general design, there is a lot going on in the fine print that you should know about. Since knowledge is power, let’s take a close up look at the many pieces of a homeowner’s policy so that you know exactly what you’re dealing with. Keep in mind that having a relationship with your insurance agent is ideal as they have your best interest and will likely follow up with you annually versus a 1800# insurance company. [Read more…]
With the super hot summer weather comes hurricane/flood season for most Texan homeowners. While it’s no one’s favorite topic, it’s one that should be properly addressed so that you and your home are protected in case of a flood. It’s important that you have all of the facts to make an informed decision as to whether or not flood insurance is the right choice for you.
What it offers
Flood insurance is exactly what it sounds like. Insurance for your home and property in case of a flood. Insurance like this can offer compensation for damages to your home, whether it’s minimal damage such as having to repair carpeting, or excessive damage to the ground level of your home including appliances, electrical, plumbing and more. Similarly, there are components to the policy that would cover the contents of your home – like your “things” (furniture, kitchen goods, toiletries, clothes, etc) [Read more…]
I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money!
I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right.
So you’re probably thinking, “Well Chris, you are an insurance agent. What do you know about real estate or rental properties? Why should I take advice from you?”
I’m not a real estate agent, and I don’t own a rental property. However, several of my friends/family/clients/co-workers own rentals, and because I insure a bunch of their properties, I’ve had a first hand account of the process, and I’ve learned what to do, and what not to do.
I was recently asked this question by one of our Kicker Insures Me Agency clients, and thought I would share the answer here for our readers.
There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting.
Some people have absolutely no idea that it’s used in the rate at all.
At the end of the day, there’s not much we can do about it though. Insurance companies have been using credit in their rates for decades, and that’s not likely to change.
By the way, insurance companies don’t pull your credit like a mortgage company or credit card company does. There is no negative impact on your credit as a result of an insurance company looking at it.
When I say “pull” what I mean is that the insurance company is doing what’s called a soft inquiry, which is not the same thing as having your credit pulled (hard inquiry). [Read more…]
Why do my auto insurance rates keep going up even though my car is getting older? At Kicker Insures Me Agency, many of our clients ask this question so I would like to address it from a couple of angles.
First things first, even though it’s called car/auto insurance, it covers more than just your car. It should technically be called “auto-owners” insurance, similarly to how home insurance is actually called “home owners insurance”.
It’s important to understand that there are a lot of variables that go into insurance premiums, and with auto insurance, it’s no different.
The insurance company is much more concerned with you crashing into someone and causing them (or yourself) bodily harm, or death, than they are about your car. A car is a material possession which can be replaced. [Read more…]