Keep Your Boat And Passengers Safe With Watercraft Insurance

by Administrator 19. August 2014 05:31

When it comes to boat travel one of the most important concerns is safety. Boat travel can be an exhilarating activity and it is one of the most practiced recreational activities in many parts of the world. If you are a boat owner and want to give your passengers a truly memorable and worry-free experience then safety should be your paramount concern which should never be taken lightly. Boats and passengers can be susceptible to a number of safety and security concerns and the best way to keep both safe is by taking out a watercraft insurance policy. A watercraft insurance policy safeguards your boat and its passengers against a number of common problems, events and accidents that you might face.

When it comes to boat travel, one of the most important concerns is safety. Boat travel can be an exhilarating activity, and it is one of the most practiced recreational activities in many parts of the world. If you are a boat owner and want to give your passengers a truly memorable, worry-free experience, safety is a paramount concern which should never be taken lightly. Boats and passengers can be susceptible to a number of safety and security concerns, and the best way to keep both safe is by taking out a watercraft insurance policy. A watercraft insurance policy safeguards your boat and its passengers against a number of common problems, events and accidents that you might face, and gives you the peace of mind.

Watercraft Insurance

Many people take their recreational boat rides as a serious passion and there are a number of different kinds of boats that you can possess and use. Boats can be used for personal use and can be rented or chartered out as well. There are different kinds of watercraft policies offering different kinds of coverage parameters and factors depending on their usage. Typically, homeowners’ insurance policy does not extend to boats and taking out a watercraft insurance policy separately is a smart move to make.
Watercraft insurance policies can cover many things and can include different eventualities. These might include –

  • Physical injury caused in the event of a boat accident.
  • Property damage caused in the event of a boar accident.
  • Coverage against natural disasters like flooding and storms.
  • Coverage against agents like fires, vandalism and theft.
  • Specialized coverage for expensive equipment on board.
  • Removal or salvage coverage in case of accidents.
  • Towing costs coverage.
  • Consequential damage which provides coverage for natural wear and tear due to exposure to water and the elements.

Factors which influence the kind of terms you are likely to get when you insure your boat depend on the size and nature of your boat, its age, condition, frequency of use and local factors. As is evident, taking out watercraft insurance can protect you against almost all possible kinds of boat-related incidents or problems and it is a sure way to stay free from worries and enjoy your recreational hours with your boat. It is highly recommended that you consider shopping around and select the best watercraft insurance in Killeen that you can find, to preserve the life of your boat and protect your passengers for years to come.

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Do’s And Don’ts When Insuring Your Home

by Administrator 12. August 2014 07:52

Just like any other major investment getting a home insurance also has its specific list of do’s and don’ts. Often people overlook and ignore some information related to home insurance which are very important in the long run. Here is a list of some important things that you must keep in mind while insuring your home.

DO’S

  • You should contact a reputed insurance agency that is authorized and qualified to advise you on how to insure your home in a proper manner. They have been in this business for a sufficient period of time and have knowledge and experience about the policies.
  • You must answer all the questions honestly so that the insurance agent get to know about the surface area of your home and other configuration, construction style, unusual features, key improvements and your high value personal possessions.
  • Adjusting the limits of your policy according to the replacement cost of your contents and items including art items, jewelry and antiques ensures better insurance in your policy agreement. This is known as ‘scheduling’ in the insurance industry and scheduled personal possessions are listed in a document with separate limits.
  • You should not hesitate to ask about discounted insurance rates as there are many insurance companies that offer various concessions on the basis of home features, age and loyalty. If your insurance agent does not take up this matter you should raise it up yourself. 

DON’TS

  • Do not rely on the appraised, anticipated or purchase price of your home to set the limits of your abode as this cannot give an estimate of the cost to be incurred to rebuild the house.
  • You should not be tightfisted while purchasing a home insurance policy as a home is one of your biggest possessions and it should be properly insured.
  • Do not undervalue the amenities and size of your dwelling to get a lower quote for premium.
  • If you are including the land on which your house is built in the home insurance policy, according o the US Government, you will be overpaying. Your policy should only cover the cost of replacing and rebuilding the home.

We, at Shawn Camp Insurance Agency Inc., offer the best policies to our clients that are perfectly tailored to their needs and concerns. For more details about our insurance plans, you can call us at (254) 526-0535.

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Factors Affecting Your Car Insurance Premiums

by Administrator 5. August 2014 08:32

Before buying a car, people usually consider features like style, comfort, fuel economy etc. but forget to consider the costs of auto insurance. Car insurance is an expense every vehicle owner has to live with. And if you have not considered auto insurance for your car, you may be at risk of losing on your vehicle’s total ownership. The amount of insurance depends on the type of car, whether it is a small car, sedan, SUV, sports or luxury car. It is not surprising to know that foreign cars are expensive while domestic cars are cheapest. Below are given some factors that can help you decide the least and most expensive cars to insure:

  • Sizing up the costs: People who usually presume that smaller cars are safer and have a higher rate of accident avoidance perhaps need to know that this is a common misconception. Since small sports cars are driven by young and reckless drivers, they are at higher risk of accidents which in turn makes them expensive to insure. Larger vehicles like SUV’s can easily cover up liability premiums if they are involved in an accident. Therefore, cars in mid-size category like mini vans, mid-size SUV’s or sedans should be considered.
  • High Premiums on High End Cars: The cost of vehicle is an important consideration before deciding on a policy. More expensive cars have higher costs of insurance because replacing and repairing the expensive parts or vehicle cost more than other brands.
  • High rates for big motors: Vehicles that have higher horsepower have costlier insurance. This is because people tend to drive such vehicles at high speeds and are more prone to accidents. However varying engine sizes can also bring a difference in insurance costs.
  • Personal Records: Driving experience matters a lot and therefore, young drivers have to pay more for insurance than old ones. Also, drivers who have been involved in accidents in the past are liable to pay more than who are not. The area in which the driver lives, such as urban, semi-urban or rural, is also considered. If there is a high frequency of theft and accidents in his area, the driver has to pay more for insurance than the one living in another area.
  • Increase in costs due to thefts: Cars that are durable and have higher demand of its parts are commonly targeted by thieves. If the car to be insured is a target for thieves, then it will incur higher premiums.
  • High insurance for sports car: Sports cars have the tendency to go at higher speeds which makes them more vulnerable to accidents. Due to this, their insurance costs are very high.

Before deciding on a policy for your vehicle, the insurance company takes into account all factors including the make of the car, its price, horsepower, your age, driving records etc. One should research the vehicle carefully before going ahead with the purchase to avoid higher costs of premium on auto insurance. For more information about auto insurance, please contact us at Shawn Camp Insurance Agency, Inc at (800) 212-2641.

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