Beginner's Guide To Auto Insurance

by Administrator 20. October 2014 12:08

Auto insurance is a compulsory purchase when you buy a car and some auto companies do not allow their customers to take the car from their agencies without proper insurance. Buying auto insurance for the first time may be a confusing task; however with proper guidance and information, you can buy the best and the most affordable car insurance. Here is the beginner’s guide that will surely help you buy the best insurance plan.

Most of the auto insurance buyers often consider the price as the main deciding factor which is not the case. Before you pick an insurance package you need to consider various other factors than the price. Some of the common types of auto insurances are:

  • Liability insurance: Liability insurance covers the damages that are caused to others if in case you are found to be at fault. This may cover bodily injuries as well as property damages.
  • Collision insurance: This type of auto insurance covers damages to your car according to its blue book value.
  • Comprehensive Insurance: This insurance covers all damages to your vehicle that are not caused by collision. This includes vandalism, theft, natural disasters, fire, etc.
  • Personal Injury Protection: This type of auto insurance covers medical expenses in case, you are injured and sometimes, it even pays for your lost wages if you are not able to work due to your injuries.
  • Uninsured or underinsured insurance: It covers your losses if someone who is not insured hits you or is not sufficiently insured to cover the damages.

Another thing that you need to consider while buying auto insurance is the condition and the type of your vehicle. You should ensure that the auto insurance covers you as a driver. You should not rush into the decision but take your time to find the most appropriate insurance coverage. It is always beneficial to have quotes from different insurance providers so that you can compare and take the right decision. It is crucial that you include fire damage, damages caused by accidents and theft damage in the auto insurance policy as this pays for any repairs and replacements if the need arises. You should make sure that your driving record is clean as it affects your premium payments. The insurance providers may also consider the age and occupation of the car owner while offering insurance packages.

The insurance companies can offer you attractive packages to lure you into buying one; however, it is essential that you rely on your instincts and choose a plan carefully.

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6 Good Reasons To Get Renter’s Insurance

by Administrator 13. October 2014 07:15

If you have recently moved in your rental apartment or are about to rent one you should consider getting an insurance policy to protect your belongings. Although your landlord’s insurance policy will protect your home in case of any damage due to fire or other natural disaster, your personal belongings will remain unprotected. To ensure safety of your possessions and peace of mind you must get a renter’s insurance that provides coverage for your belongings such as home appliances, furnishings, electronics and clothes. Many people underestimate the value of their possessions against the small premium of an insurance policy. Here are some of the main reasons to get a renter’s insurance policy:

  • Affordability: An average renter’s insurance policy is not very costly as compared to the landlord’s insurance. The amount of your premiums would depend on a number of factors such as the type of coverage you need, the policy you choose, the area you live in and the deductibles that you are entitled to.
  • Coverage for personal belongings: With renter’s insurance you can have coverage for your personal belongings such as furniture, luggage, computer, jewelry, electronics and clothes. A usual renter’s policy will protect your stuff against many threats including smoke, theft, lightening or fire, explosion, vandalism, windstorm, ice or hailstorm, riots and falling objects.
  • Landlords need it: Most of the landlords require the tenants to get a renter’s insurance for their personal stuff. They want to ensure that the tenants hold the liability for any damage to their belongings.
  • Liability Coverage: Most of the renter’s insurance policies also offer liability coverage. This provides protection in case someone gets injured while in your property. The coverage helps you pay any medical or legal expenses, if you are sued by the victim.
  • Coverage while traveling: This policy will cover your belongings even if you are away from home. Your possessions are protected against the risk of damage or theft while you travel and are anywhere in the world.
  • Additional expenses: If your home has suffered severe damage and you have to stay somewhere else, renter’s insurance will pay for your incurred cost associated with food, laundry and hotel stay.

We, at Shawn Camp Insurance Agency, Inc, offer the best renter’s insurance policies to our clients according to their needs and requirements. For more information, call at (254) 526-0535 or visit us at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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Home Insurance Covers More Than Your Home

by Administrator 6. October 2014 08:11

The most valuable asset and investment of a person life is most likely to be his home. With the rising costs of owning a property, it makes a lot of sense to insure your house and its belongings. It is essential for peace and mind and to ensure that your investment is safe.

When deciding for a home insurance you should make sure that the scheme you select covers your basic needs. You should assess the possible occurrences and catastrophes that can act as a threat to your house so that you can include them in your insurance policy. For example not every policy provides protection against floods and if you happen to live in a flood prone area you should go for a policy that entitles you reimbursement for the losses incurred during a flood.

Depending on the nature of the insurance scheme and the providing company's policies you will get a limited or unlimited cover for your belongings. The important thing to consider here is that the amount you get for your insurance product is evaluated depending on its current condition. The extent to which your belongings are covered depends on the insurance limit.

There are three major types of coverage plans -

Type A – This is the most essential type as it covers the basic structure of your home, including the roof, floor, wall tiles, cupboards, appliances and so on. There is an 'all perils' version of ‘Type A’ policy wherein you can get specific items covered.

Type B
– This covers the external structures that are a part of your home such as fences, garage, a suite, etc. This is particularly helpful in protecting new expensive fences, etc. in flood and hurricane prone areas as floods and hurricanes cause immense damage to external structures.

Type C -This covers all your personal belongings but there still may be a limit to the amount you can get as reimbursement when your belongings are damaged along with the home.

In addition, there are two other types of covers -

Type D – Personal liability that covers bodily injuries incurred at the time of the disaster. The provider pays for the lawsuits filed against you when you are charged with the account of causing damage to other people's property.

Type F – Covers for the medical bills of others that are injured on your property, such as a slip and fall case in your house.

Home Insurance is essential and very beneficial. Every home owner should research and select an insurance plan that best suits their needs.

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