Types Of Car Insurance Policies

by Administrator 29. January 2018 06:07

The right type of car insurance policy protects car owners from repair, replacement, medical and other costs associated with car accidents. Even though car insurance policies vary from state to state, you can get a combination of insurance policies to suit your situation. The following is a list of common car insurance policies:

1. Liability Insurance
It’s best for those who just want basic coverage. It covers bodily injury liability and property damage liability. It pays for the other party’s medical bills and damage to the vehicle.

2. Collision Insurance
This policy provides additional coverage against damage caused due to collision with an object such as a tree or house.

3. Comprehensive Insurance

Comrehensive insurance covers damage caused due to factors other than an accident for instance theft or a natural disaster, vandalism to your car, etc. This type of insurance is best for those living in areas prone to natural disasters or animal strikes. Consider comprehensive insurance if your car is less than 10 years old.

4. Medical Payments Coverage
Irrespective of who caused the accident, the passengers, family members or anyone else driving your car is liable to get covered for any medical expenses. Personal injury protection limits differ from state to state but you can always purchase additional coverage as per your requirements.

5. Loan/Lease Payoff Coverage
It is also referred to as Gap. Vehicle owners who still owe a certain amount of car loan or lease a vehicle must opt for this policy coverage. It covers the upside down loan if the car is stolen and not recovered.

6. Uninsured Motorist Coverage
If an accident is caused by a driver who does not have an auto insurance, and your car gets damaged as result of the same then this insurance covers the medical bills, wages lost and other costs ensuing.

7. Underinsured Motorist Auto Insurance Coverage
You will be compensated if the driver or owner of car who is responsible for the accident is underinsured and does not have the required insurance coverage.

8. Rental Reimbursement Insurance
This insurance covers your expenses on a rental car due to an inability to use your own damaged car which can’t be driven as a result of an accident.

 9. Pet Injury Coverage
This coverage provides for an injury caused to your pet in an auto accident.

For affordable car insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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Tips To Find The Right Auto Insurance

by Administrator 27. January 2018 06:03

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Must Have Coverage Options For Your Home

by Administrator 25. January 2018 06:33

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Things To Know About Boat Insurance

by Administrator 26. December 2017 06:51

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Why Do You Need Homeowners Insurance?

by Administrator 20. December 2017 11:25

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Buy The Best Home Insurance Policy To Stay Protected

by Administrator 11. December 2017 14:51

One of the major milestones in life is buying a home. It takes a lot of sweat and money to buy a home. Getting a home insurance policy is the best way of protecting this major lifetime investment. A home insurance protects you financially by covering any damages that might occur to your house due to unforeseen damages. It is important to educate oneself on how to opt for a home insurance that will give an adequate coverage.

What Does A Good Insurance Policy Cover?   

Damage by factors such as:

  • An insurance policy should cover your home and the possessions in it, which are damaged by natural disasters such as hurricanes, lightning, hail and volcanic eruptions.
  • In addition to this, the insurance should cover damage by man-made factors like theft, riots, explosions, and civil commotions.
  • Unforeseen flooding due to plumbing issues, HVAC, or a malfunctioning fire protection sprinkler system.
  • Termite inflicted damage to the house.
  • Breakage of glass.
  • Falling objects.
  • Snow, ice and sleet.

Expensive jewelry, furs and antiques.
Temporary living expenses e.g. hotel bills and meals etc. due to damage to one’s home.
Expenses arising due to injuries or accidents to anybody on your property.

Important Factors To Consider Before Finalizing A Home Insurance Contract

Compare Coverage
You will have to do some homework before finalizing a home insurance policy. Compare the coverage that each company offers. Look whether you need to purchase additional insurance or not. Compare the price. Go through customer reviews for better insight into the working and credibility of an insurance company. Your aim should not be to get the cheapest insurance. Instead it should be to get maximum value for your money.

Adequate Coverage
While purchasing a home insurance policy, look for one that gives you the coverage you need. Read the policy carefully to know what you will be covered against.

Terms Of Home Insurance Policies
Understanding some important terms that are used in home insurance policies is essential to know exactly what the policy comprises of. Terms like deductible, liability coverage, premium, replacement cost, personal property, actual cash value, sub-limits, riders etc. are frequently used in home insurance policies. Knowing what these terms mean, preps you to choose an insurance policy that works best for your home.

For affordable home insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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What Impacts Your Auto Insurance Rates

by Administrator 23. November 2017 13:24

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Tips For Comparing Motorcycle Insurance Quotes

by Administrator 16. November 2017 13:13

We all want to get the best motorcycle insurance deals and for that it is imperative to compare the insurance quotes being offered. Be very clear in your mind about the type of coverage you are looking for.

There are three important factors to be considered when comparing motorcycle insurance quotes:

1. Insurance premium

2. Coverage offered

3. Terms of coverage

Types Of Motorcycle Insurance

Collision Insurance – This type of policy covers damages that arise due to collision only.

Comprehensive Insurance – It covers a wider gamut of issues like theft, unforeseen natural disasters, etc.

Uninsured Motorist Insurance-The policy covers the damage caused by collision with an uninsured motorist.

Custom Parts And Equipment Insurance-This type of insurance covers expensive accessories and equipment on your motorcycle but only up to the policy’s limit. It does not cover accessories and equipment’s which are factory fitted.

Bodily Injury And Property Damage Liability – In case you are at fault in an accident, this policy type covers the medical and property damage expenses to the third party.

Let’s take a look at some tips which will help in delving deeper into the comparison of motorcycle insurance quotes:

Coverage Levels

Make up your mind as to the coverage levels you are looking for. These levels will determine the maximum amount up to which the insurance companies will cover the loss. So when comparing the insurance quotes, compare insurance companies that have the same coverage levels. However you have to read the quote properly to know what the actual coverage is and the exact amount that’s being covered.

Discount

Call up the insurance agency to get all the information regarding the discounts they offer. This will help you gain an insight as what works the best for you.

Your Bikes Worth

 Know what your motorcycle is worth and it will be easier for you to compare the insurance quotes. The coverage you are seeking should be proportionate to what you think your motorcycle is worth. If you have customized it with expensive parts, you will want to get the accessories covered, which will have a bearing on the type of insurance you are in search for. The same rule applies to the age of your motorcycle. A newer bike is worth more coverage and higher premiums.

Compile Important Information

If you are keen on a competitive insurance rate, some details might prove beneficial. You must know the VIN of your bike, its title and registration details, the chronology of its riders till date, its history regarding previous claims, accidents etc. These and any other relevant details will put you on a better footing to get the best insurance deal for your bike.

For affordable motorcycle insurance, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 - 0535.


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Ways To Save Money On Homeowners Insurance

by Administrator 7. November 2017 13:17

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5 Insurance Policies Everyone Should Have

by Administrator 30. October 2017 13:21

Life is uncertain, you never know what you would encounter the very next moment. Thus, it is important to protect yourself, your family and some of your most prized possessions from any risk or damage. Buying an insurance policy cannot avert the risk altogether but can certainly help you overcome the financial loss that arises along. Today, there are a variety of insurance policies available in the market, each protecting a certain group of people from a specific peril. Here we have listed certain insurance policies that everyone should have, just to play safe.

  • Home Owners Insurance – It is important to get home owners insurance policy to safeguard the property in case of loss arising out any unforeseen event in future. The insurance company ensures your house from any damage. If any untoward event like fire, storm or some other natural calamity happens and you are forced to move out temporarily while your house is being repaired, the policy covers your cost of living somewhere else for that time. It also covers your liability towards third party for any loss or damage that occurred on your property premises.
  • Life Insurance – You would certainly not want your family to face the financial havoc after you die. Life insurance policy protects your family and people who are financially dependent on you when you leave for the heavenly abode.  There are a variety of life insurance policies to choose from like term policy, whole life policy, endowment policy etc.
  • Auto Insurance – No matter whether you steer away in your new car or drive the old clunker off the roads, the law requires you to have a certain minimum amount of auto insurance. Choose a policy that covers you against theft, fire or loss due to riot & strike, medical expenses associated with the accident, damage caused to the automobile and also third party body injury and property damage liability.
  • Motorcycle Insurance – With all the cool and swag, comes an extra responsibility while you vroom your motorcycle on the streets. It is important to get a motorcycle insurance to cover bodily injury and property damage liability towards third party in case of a collision. In case you meet with an accident, it covers the damage of your vehicle as well reimburses you for the medical expenses. It also insures any loss that may arise out of theft.
  • Health Insurance –There is absolutely nothing more important than your health.  Everyone needs medical care but not everyone can afford to pay the hefty bills.  The high rising medical costs validate the need of having a health insurance policy. So plan out the amount of coverage you and your family would need depending upon the number of members and the past medical history. 

We, at Shawn Camp Insurance Agency, Inc. provide affordable insurance policies. For more information visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542 or call at (254) 526 - 0535.

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