Guide To Buying Home Insurance In Killeen

by Administrator 21. December 2015 07:46

Before buying a homeowners insurance policy, simply reading the policy is not enough. It is necessary that you ask the questions which will not only make your purchase easy but also help you choose a plan which suits your particular needs. Here are some of the important aspects you need to inquire from your insurance agent:

  • Market or Replacement value: Ask whether the insurance company will give you the sale price of your house in case it is completely damaged or if they will pay the amount required to rebuild the house.
  • Personal property coverage: You must know the total amount your insurance policy will pay if your personal assets like clothing, artifacts, furniture etc. are damaged or stolen from the property. This particularly seems necessary if you have expensive personal items like paintings or jewelry.
  • Protection clauses: There is a liability portion in your policy which covers court settlements and expenses in case someone is harmed on your property or your family member has caused any damage to someone physically or to their property. This also covers your pets. Ask what portion of your policy is reserved specifically for this purpose.
  • Extent of deductibles: Deductibles refers to the amount that you will have to pay in case of any damages. The rest of the amount is paid by the insurance company, up to the limits of your insurance policy. The higher the deductible, lower are the monthly premiums but do keep this amount to a limit that you can afford.
  • Natural calamities: You must ask if natural calamities like earthquake and floods are covered in the policy. Most policies exclude damages from these perils and in case you live in an area prone to such disasters, it is advised that you ask for its inclusion.
  • Additional Living Expense: If, for some reason, you are not able to live in your current house due to complete loss of property etc. your policy may cover the expenses that you will incur on rent, hotel bills, meals etc. This is provided if the cause of inability to stay in the house is covered under insurance.
  • Claim recovery time: You must also ask how much time the company usually takes to pay a claim. For this, it is advised to conduct a proper research to determine the reputation of the company and check if it approves the claims in a timely manner.
  • Ask for discounts: Do not be hesitant to ask for any discounts. There is so much competition in the market that a good insurance company will definitely offer you a discount if they truly value an association with you.

We, at Shawn Camp Insurance Agency, Inc., offer affordable home insurance in Killeen, TX. For more information or request a quote, feel free to call us at (254) 526 – 0535.

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Motorcycle Insurance Killeen: Commonly Asked Questions

by Administrator 14. December 2015 13:17

Insuring your motorcycle will give you peace of mind and help to enjoy your bike ride to the fullest. Every bike owner wants to know what all coverage is required for his vehicle and how he can save money on overall insurance costs. There are several questions that you need to be clear about. Following are some of the commonly asked queries about motorcycle insurance:

How much cost do I need to incur for my policy?

While some states require you to get a certain type of coverage for your bike, others may not make it mandatory. Broadly, you require two major types of coverage in your motorcycle insurance policy – Uninsured Motorist Coverage and Bodily Injury Liability. The rates for both these types need to be at least $100,000 per person/$300,000 per occurrence.

How is my motorcycle insurance rate determined?

Some of the factors that establish your insurance rate are:

  • Type of motorcycle you own
  • The area where you reside
  • Your driving history
  • Age
  • The types of coverage mandatory for your bike under state law
  • Your financial history

Is my optional equipment covered?

If you have got a customized seat or a special part in your motorcycle after buying from the manufacturer, make sure to ask your insurer if all the optional equipment are covered in the policy. There are many policy providers who give comprehensive coverage but it may differ from agent to agent.

Should I buy collision coverage if I possess an old bike?

This will entirely depend on your situation. If you think your bike is less in worth than the amount of money you are paying for collision coverage, it is advisable to limit or drop collision coverage. However, if you are still repaying your motorcycle loan, the bank will require you to protect its investment with collision and comprehensive coverages. In case you completely let go off this coverage, you will have to incur the entire cost of repair or replacement. Therefore, you need to find a middle path and balance both the factors.

Can I avail any discounts?

There are some insurance agencies that offer multi-policy discounts. So, apart from your bike you can also buy another policy from the same insurance provider. Confirm from your respective agency as to what all multi-policy discounts they offer their customers. As far as motorcycle-specific discounts are concerned, you can get concession if you have undertaken safety courses, have an airbag or anti-lock brakes etc.

What are the available payment plans?

Most of the insurance agencies will give you the flexibility of paying your premium in full or installments. It is wise to confirm from your provider what all options they have in store for you.

If you are looking for affordable motorcycle insurance in Killeen, TX, feel free to contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535.

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Tips To Save On Home Insurance In Killeen

by Administrator 7. December 2015 14:04

Home insurance is a necessity to safeguard your hard-earned property. A good home insurance policy provides you adequate coverage and gives financial support in case of an unforeseen crisis. With so many insurance companies in Killeen, TX offering extensive coverage options, it is important to perform comprehensive research before finalizing a particular one for your home insurance.

Once you decide to buy home insurance, it is imperative to know about the different ways in which you can save money. Some of these are:

  • Multiple insurance policies: It is a wise decision to buy multiple policies from the same insurance agency so that you can save money. Many insurance agencies offer multi-policy discounts to attract more customers. For instance, you can buy auto insurance and home insurance from the same provider.
  • Pay a higher deductible: In simple terms, your deductible is the amount you have to pay for a covered claim before you receive insurance benefits. Raising your deductible can actually help you save a lot on your premium every year. The higher amount you pay as deductible, the lesser you will have to pay for your policy. For example: you pay $250 as deductible and file a claim of $1000 in damage to your home. In this case, you will only have to pay only the first $250 and your insurer will pay the balance amount of $750.
  • Location: Your place of residence is an important factor in determining your insurance policy premium. For instance, if you live in a safe neighborhood with minimal chances of theft, you may have to pay less for your home insurance. On the other hand, if you live in an area that is prone to storms and flooding or is unsafe, you will require additional coverage that can cause a dent in your pocket. So, make sure you buy a home in a safe location with all the amenities nearby.
  • Maintain good credit: Most of the customers are not aware about the fact that many insurers favor a good credit history when it comes to deciding the premium for a home loan policy. Insurers have established that policyholders with poor credit are likely to make more claims. So they increase your rate to adjust for this potential threat that can occur in the future. If you maintain a good credit score, the insurance agency may cut down on the premium costs significantly. 

We, at Shawn Camp Insurance Agency, Inc., offer affordable home insurance in Killeen, TX. For details, you can call at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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