Home Insurance In Killeen, TX

by Administrator 21. May 2015 10:40

Owning a home is a big investment and protecting it from potential risks is essential to safeguard your finances. A homeowner’s insurance policy protects the home as well as the personal belongings of the owner from unforeseen crisis or damage. It is even a pre-requisite for some mortgage lenders to approve your application for a home loan. However you must consider the various options and select a homeowner’s insurance policy that best suits your needs.

Here are some of the coverage options that you must consider while buying home insurance:

  • Dwelling: This includes compensation to repair or rebuild the house, if damaged due to an event that is covered under the policy.
  • Personal Property: This coverage pays for unintentional damage caused to your personal possessions within the house. These may include furniture, furnishings, clothes or electronic goods etc.
  • Other Structures: At times, damage may be caused to various structures that are not in the house, such as storage shed or garage. This coverage option provides coverage for any damage to these structures and recompenses the cost to repair or rebuild them.
  • Personal Liability: If a tenant or visitor gets injured while in your property premises, you may be held legally liable for the injuries and other damage caused to them. Personal liability helps to cover all your defense costs for any lawsuits in this situation.
  • Medical Payments: This coverage pays for any medical bills incurred for any injury suffered by an individual on your property. It is also applicable if the injury occurs outside of your property premises. For instance, your dog bites someone in the neighborhood resulting in an injury.
  • Loss Of Use: There may be times when you have to move out of your house while it is being restored, usually after substantial damage. In such situations, this option will pay for your additional living expenses, as covered in your home insurance policy. These may include hotel room charges, restaurant bills, transportation costs etc.

We, at Shawn Camp Insurance Agency, Inc., provide affordable home insurance in Killeen, TX. We offer flexible policies and coverage options to fit your budget as well as needs. For more information about our insurance products, you can call at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Tips For Buying Renters Insurance

by Administrator 14. May 2015 07:42

If you have recently rented a home, you should consider purchasing an affordable renters insurance policy. It safeguards your personal possessions in the event of inevitable circumstances such as fire, theft, water line leaks, vandalism etc. However, it is important to have sufficient knowledge about the renter’s insurance coverage in order to choose the policy that is most suitable for your needs.

Here are some of the factors that you must keep in mind while buying renters insurance:

  • Choose The Right Coverage: While deciding on the amount of your renter’s insurance policy, make a list of all your possessions. It should include the type of item, its time of purchase, initial cost and current estimated worth. This will give you a clear idea of how much coverage you should get. Apart from your personal property, you must also include liability coverage in your policy which provides compensation for medical bills and other losses, if someone gets injured in your property.
  • Evaluate The Different Coverage Types: The two types of coverage that are offered by most insurance agencies are actual cash value and replacement value. The former one considers the depreciation value of the covered items while settling the claim amount for any damage. In the latter option, claims are paid based upon the current market value of the item similar to one that has been damaged.
  • Be Aware Of What Is Not Covered: Renters insurance generally provides coverage in many circumstances but there are certain situations when you may not be entitled to file a claim. These may include damage caused due to natural calamities like floods or earthquakes. Make sure you discuss all these things beforehand with your insurance agent.
  • Choose A Higher Deductible: One of the biggest mistakes that most renters make is to opt for a lower deductible to be paid in the event of any damage. However, choosing a higher deductible is more profitable. Although this may require you to pay more at the time of settling a claim, higher deductibles will considerably lower your monthly premium costs.

We, at Shawn Camp Insurance Agency, Inc. provide renters insurance that perfectly fits your needs and budget. For more information, you can contact us at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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Motorcycle Insurance Coverage Options

by Administrator 7. May 2015 10:32

A large number of motorcyclists are injured due to motor accidents, due to their own fault or careless driving of other bikers. If you own a motorcycle then you must have insurance for it. The policy covers for medical bills in case of an accident and also the cost of bike repair. However, due to a number of motorcycle insurance policies available, it is essential to know the details about each to make the right decision.

Here are some of the coverage options that you can consider while looking for motorcycle insurance:

  • Medical payments: It covers the medical expenses that you may need to incur for treatment of injury to you or your co-passengers.
  • Bodily injury liability coverage: This coverage option includes medical expenses and lost wages due to death or injury of driver involved in the accident. In certain states, the bodily injury liability coverage covers passengers on your motorcycle as well.
  • Personal injury protection: This coverage option reimburses you for any lost income, medical expenses, childcare, funeral expenses etc.
  • Property damage liability coverage: This coverage plan covers damages caused to other people’s property due to your fault. This may include other vehicles, storefronts, private residences and other structures.
  • Comprehensive coverage: It covers damages to your motorcycle due to vandalism, flooding or theft. It offers coverage for repairs up to the actual cash value of your motorcycle.
  • Collision coverage: It covers any damages to the motorbike caused due to collision with another object, which may include an automobile, motorcycle, a building, tree etc.
  • Underinsured and Uninsured motorist bodily injury: It covers the cost of recovering from injuries to you and your passengers, when involved in an accident due to the fault of an underinsured or uninsured driver.
  • Roadside assistance: This type of coverage pays for the towing of the motorcycle to the repair facility. In certain cases it even covers the repairs if your bike breaks down on the road.
  • Rental bike insurance coverage: This covers the costs of renting a bike when your own bike is being repaired for covered loss.  For this coverage, you need to have collision as well as comprehensive coverage.
  • Loan/ Lease gap coverage: This is another additional coverage that you can get to pay the difference between the worth of your bike and the amount that you still own on your loan/lease. To buy this coverage you should have comprehensive and collision on the same policy.

You must have enough coverage to keep your motorcycle protected in event of an accident. The motorcycle coverage options vary and you must be familiar with the various coverage options.

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