Beginner's Guide To Motorcycle Insurance

by Administrator 24. April 2017 15:51

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Factors That Affect Your Home Insurance Rates

by Administrator 17. April 2017 06:49

Home insurance rates can significantly vary from one house to another depending on the type of home and age of your building etc. Having more expensive items in your home also affects the premium rates. Every insurance company has different insurance policies and strategies to decide the home insurance rates. Below are the important factors which will affect the rates of your home insurance.

  • How old is your home? : The home insurance rates hugely depend on the age of your home. Generally, the older constructed homes are charged more by insurance companies since they require repair and maintenance work on a frequent basis. Also, the insurance companies may charge a higher premium amount if they fear early claims. Therefore, it is necessary to get minor repair work done in your property in order to have a positive impact on premium calculation.
  • Features in the home: Additional security features in the house such as a burglar and fire alarm, CCTV cameras or wall fencing will help in the reduction of home insurance premium rates. On the other hand, utilities like swimming pool, roof top garden or indoor Jacuzzi will increase the insurance premium.
  • Location of home: Home insurance premium rates also depend on the location of your home. A home situated in an isolated place outside the city will fetch higher insurance premium because of an increased risk of a burglary or fire. Additionally, a house located in the town or near the fire and police station will amount to a lesser home insurance premium.
  • Type of home appliances: The type and number of home appliances installed in the house will also affect your home insurance rates. A house having more electrical appliances will have an increased risk of short circuiting or fire and hence will amount to extra premium as far as home insurance is concerned. As the owner of the house, you need to declare the number of home appliances to be included in the insurance coverage. The insurance company will accordingly decide the premium rates.
  • Inclusion of costly articles: Certain articles such as antique pieces and jewelry items are costlier in terms of their value and hence need to be included separately in the home insurance policy. Therefore, a house having a large number of expensive items will have a higher insurance premium and vice versa.
  • Deductible: One of the other key factors that are taken into consideration while deciding the home insurance premium rates is the deductible. A higher deductible corresponds to lower insurance premium and a lower deductible will fetch you high premium rates. But decide on a deductible only after calculating your budget and how much you can afford to pay.

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Questions To Ask Before Buying Car Insurance

by Administrator 28. March 2017 05:05

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What Does Renters Insurance Cover

by Administrator 21. March 2017 14:39

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Questions To Ask When Purchasing Motorcycle Insurance

by Administrator 15. March 2017 12:24

It is essential to buy appropriate motorcycle insurance to protect yourself and your bike in case of an unfortunate accident. However, you need to clearly understand about all the inclusions in your policy so that you know what to do in case you need to make a claim. Customize your motorcycle insurance policy to get the maximum benefits out of it. Below is a list of certain questions you need to ask when purchasing motorcycle insurance:

What is the minimum coverage required? : Every state has different requirements when it comes to minimum coverage for your motorcycle. Learn about the least liability coverage that you will require and then proceed on to have additional coverage based on your individual situation. For instance, if you have expensive gear or bike accessories you would want to insure them separately.

How much insurance do I need? : You can opt for different types of motorcycle insurance such as: collision coverage, comprehensive coverage, underinsured coverage etc. You need to be sure about what more you require apart from the basic coverage. For e.g.: collision and comprehensive coverage is necessary to provide financial protection in case your motorcycle gets damaged in accident, fire, theft etc.

What all is covered? : Many motorcycle owners want to know whether the safety gear, custom parts and other motorcycle accessories are covered under their regular insurance policy. However, you need to know that standard coverage might or might not provide coverage for custom parts. You need additional coverage depending on what all you want to get insured. Get in touch with your insurance provider to know the details of your policy.

Am I eligible for insurance discounts? : Ask your insurance provider if you are eligible for any kind of discounts in your insurance policy. While some insurance providers give discount to motorcyclists who have done a safety course, others might give you concession based on your good driving record.

Can I get replacement cost coverage? : Again, you need to confirm this from your insurance provider as this depends on your policy. Although comprehensive and collision coverage provides financial protection in case your bike gets damaged, but you can get replacement cost coverage on some models if your bike is less than a year old.

Can I get roadside assistance? : Your insurance policy might provide roadside assistance coverage for an unforeseen circumstance. Under this type of coverage, your bike will be towed to a repair shop in case it gets damaged on the road due to any reason. You can also get some other basic emergency services included in this type of coverage. Moreover, trip interruption benefits are also provided by certain insurance providers.

We, at Shawn Camp Insurance Agency, Inc., offer comprehensive motorcycle insurance to the residents of Killeen, TX. For more information, call us at (254) 526 - 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Affordable Auto Insurance In Killeen, TX

by Administrator 27. February 2017 15:05

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Boat & Watercraft Insurance: What’s Covered?

by Administrator 20. February 2017 06:39

Boat insurance is imperative to provide coverage in case of a loss or damage to your boat. Although it covers most types of watercrafts, canoes and kayaks are generally not included in the insurance policy. It is essential to get an adequate amount of boat and watercraft insurance so that you get paid for any kind of loss.

The cost of boat insurance that you need to incur depends on several factors such as: the state you reside in, the type and size of your boat, size of motor and whether you have opted for additional coverage or not. You can save a lot of money on boat insurance by becoming eligible for certain type of discounts given by insurance companies. For instance, you can get discount on boat insurance premiums if you don’t use the boat throughout the year or boat only in fresh water instead of salt water, etc.

A standard boat insurance policy provides the following types of coverage options:

  • Property damage liability: Under this type of coverage, you will be provided protection for damage caused by you to someone else’s boat, passengers or property. The insurance company will also pay for legal expenses in case you are sued by the other party.
  • Collision damage: You will be paid for all the expenses if your boat gets damaged or is stolen. However, wreckage removal may not be included in this category and you will have to opt for additional coverage in case you require it.
  • Comprehensive coverage: The insurance company will pay in case your boat gets stolen, damaged or sabotaged. Some insurance companies also provide for free pet injury coverage (certain pets) under comprehensive and collision coverage.
  • Uninsured/underinsured boater (UB/UIB): If another boater who does not possess boat insurance damages your boat and injures you, he may or may not pay for the harm caused. In case the other boater does not possess valid insurance, you may have to pay for the damages. UB/UIB will provide you coverage for the injuries occurred, medical bills and even pay for the wages lost in case you are unable to go to your workplace due to the accident.
  • Bodily injury liability: You will be paid for the expenses by the insurance company if you cause injury to someone else while using your boat. The insurance company will pay for the medical bills, lost wages and even the legal expenses.
  • Additional coverage options: For more protection, you will require additional coverage so that you and your watercraft are fully protected. Extra coverage options include:
  1. Total loss replacement
  2. Coverage for fishing equipment or personal items on the boat
  3. Water towing
  4. Mechanical breakdown coverage

For affordable and comprehensive boat insurance in Killeen, TX, consult Shawn Camp Insurance Agency, Inc.  We can help you to compare various boat insurance plans and choose the most suitable one according to your requirements. For details, feel free to call us at (254) 526 - 0535.

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What Makes Home Insurance Important?

by Administrator 17. February 2017 11:16

Home is the most valuable asset that you possess and therefore it is important to safeguard it from damage. Having an insurance plan assures that your home is financially secured at the time of unforeseen events like accidents fire, theft, leaking pipes, ightning etc. Your insurance company calculates the cost needed to rebuild your house or restore the damages and helps you cope up with the situation. An insurance policy with extensive coverage is imperative to live a stress free life.

A home insurance policy pays for the following –

Building or structural damage –It covers any damage caused to the physical structure of the property, except the land. Depending upon the coverage limit, insurance policy will safeguard your building against harms caused by short circuits, natural calamities, plumbing issues etc.

Possessions inside the house – Your valuables are always under a risk of either being broken, stolen or getting damaged due to endless reasons. If you have an insurance plan, you’ll be able to replace the damaged items by filing a claim as your insurance company will compensate the loss. The possessions covered under this policy may include clothes, jewelry, electronic appliances, gadgets etc.

Liability coverage- If a visitor gets injured in your premises or you accidently damage the property of your neighbors, having an insurance plan will save you from the liabilities such as-

  • Paying for the treatment of the injured person (hospital bills, medication, diagnostic tests etc.
  • In case the injured person is unable to return to his work, you’ll be legally liable for his lost wages. Your insurance company can help you get out of such situations by providing financial help.
  • The insurance company will pay all your legal expenses in case the injured party files a case against you

Additional living expenses – When your property gets damaged by a disaster or a mishap and you have to stay in a rented accommodation till the restoration of the house, the insurance policy will pay for the rent, hotel bills, restaurant meals etc. This is a life saver coverage option offered under a home insurance policy.

Protecting your possessions away from home - Your home insurance policy follows you wherever you go. In case your belongings get damaged, misplaced or stolen while traveling, your insurance policy has a provision to enhance the coverage range to safeguard your belongings even when you are not in your home.

Damage to the nearby structures- In addition to the main building, your insurance plan also covers the damages caused to the nearby structures such as fences, garage, out house, outdoor furniture etc.
By living in an insured house you’ll have peace of mind that if any kind of damage occurs to your property, you’ll be able to recover the loss. So, it is recommended that all the home owners purchase a home insurance policy.

Home insurance plans have various coverages. You may consult an insurance agent to choose the best plan that suits your budget and needs. He will help you by–

  • Offering to choose from wide array of insurance plans from different companies.
  • Giving unbiased advice regarding coverage options
  • Helping you to file a claim when need arises

Remember to make an inventory of all your belongings and keep it in a place away from home. So that in case a mishap occurs, you know the exact cost of property.

At Shawn Camp Insurance Agency, Inc. we offer you the home insurance plans with best coverage options and low premiums. To know more about the insurance plans, you can call at (254) 526-0535 or visit at 2705 E. Stan Schluter Loop, Suite 101 Killeen, Texas, 76542.

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What Is Comprehensive Car Insurance Coverage?

by Administrator 26. January 2017 18:52

If you are looking for a car insurance policy, you may have across a myriad of coverage options, leaving you completely confused about which of them to choose. Having a complete understanding and comparing the different insurance plans is essential to make a well informed decision.

Given below is detailed information about comprehensive car insurance coverage and how it can protect you against unexpected financial liabilities.

Comprehensive Coverage: Overview

Comprehensive auto insurance helps to safeguard your vehicle from any sort of damage caused due to unforeseen circumstances, other than motor vehicle collisions. The policy will pay for the cost of repairing or replacing the damaged parts, up to the coverage limits. If your car is totaled, you may also be entitled to complete coverage according to the current market value of the same make and model.

Why Do You Need Comprehensive Coverage?

In some states, buying comprehensive coverage is a legal requirement for car insurance policy holders. This is important for you to have the complete possession of your vehicle. Also, if you are planning to get the car financed, your lender may require full coverage. The loan agreement may include a clause stating that your car is protected against all types of physical damage with comprehensive and collision insurance coverage. People who use their car to commute on a daily basis or park it in a location where it is at risk of being stolen, buying comprehensive coverage becomes a necessity.

What Does Comprehensive Insurance Cover?

Situations in which comprehensive car insurance can protect you include:

  • Theft: If your car gets stolen, you can file a claim with your insurance provider to receive its actual cash value. There is a certain time period, most commonly 30 days, for your car to be considered as stolen.
  • Fire Damage: Whether the fire was caused due to a faulty engine, fuel system leak or due to your own negligence, comprehensive coverage will protect you from any financial liability.
  • Natural Disasters: Damage to the vehicle due to natural disasters such as tornado or hurricane is also included in comprehensive auto insurance coverage. However, you may need to confirm with your agent about the specific natural disasters included in the policy.
  • Vandalism: Any kind of vandalism to your car including being painted or scratched by the kids while it was parked on the street is covered by comprehensive auto insurance.
  • Windshield Damage: The cost to repair chipped and cracked windshields, irrespective of the cause, is provided by this coverage. Any other glass damage, including back glass, sunroof or windows, is also covered.
  • Hail Damage: Hailstorm is quite unpredictable and can cause serious damage if you have not parked your car in the garage. However, if you have comprehensive coverage you do not worry about the dents in your car.
  • Falling Objects: In case of damage due to the car being smashed under a fallen tree, comprehensive insurance can save you from the exorbitant repair costs.
  • Animal Accidents: If you accidentally hit an animal on the road, the policy will reimburse the cost of repairing the vehicle. 

Besides the above mentioned instances, comprehensive insurance coverage will also provide protection when your car has suffered wear and tear while in storage. When you do to drive the car for a long period of time, it may lead to physical damage and mechanical issues. If you have bought comprehensive coverage, the policy will take care of all the repair expenses.

What Is Not Covered Under Comprehensive Insurance?

  • Damage to the car due to a motor vehicle collision
  • Medical expenses and lost income for you and your fellow passengers
  • Damage to the other vehicle in an accident
  • Treatment costs, legal expenses or lost wages of another person due to an accident

We, at Shawn Camp Insurance Agency, Inc., offer a wide range of car insurance policies to the clients in Killeen, TX. Our agents will help you to compare the different coverage options and choose the most suitable ones that provide complete financial protection. For more information, you can call us at (254) 526 - 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Top Questions About Renters Insurance

by Administrator 19. January 2017 08:23

Having an insurance policy is crucial if you live in a rental property. It will cover the financial losses in case of damage to your personal belongings and valuable assets. Renters insurance also pays for the medical expenses in case someone gets injured within the premises of your property.

When buying renters insurance in Killeen, TX, you must make sure the company has a good reputation in the industry. The policy you choose must cater to all your requirements and fall within your budget. You can even ask questions to your insurance agent to clear your doubts.

Listed below are some of the questions that you may need to ask while buying renters insurance:

Can I move my renters insurance to another apartment?

Yes, you can transfer your renter’s insurance to another apartment within the same state.  However, each time you relocate, you need to provide your new address to the insurance agent.

Will landlord’s insurance protect my personal belongings?

No, a landlord’s insurance cannot cover your personal assets. It only pays for any damage to the physical structure of the house. That is why, having renters insurance is essential.

What are the payment options for renters insurance?

You can either pay online or through checks. Premiums can be paid monthly, quarterly or annually as per the terms of your policy.

Is personal liability included?

Yes, personal liability is generally included in renters insurance. It provides financial protection in case you are held legally liable for any injury to the guests within the premises of your property.

Are my roommates insured?

Spouses and immediate family members are automatically covered in the renters insurance. However, if you want to include a roommate, you must get him specifically named in your policy. Do not forget to check the damages and renew your insurance plan in case he leaves the property.

What does renters insurance usually cover?

Most of the insurance companies cover the personal belongings such as furniture, clothes, electronics, artwork etc. It may also cover jewelry, silverware and other valuable assets. However, you must ask your insurance agent about the different types of coverage options available under your insurance plan.

What is the difference between actual cash value and replacement costs?

The difference between the actual cash value and replacement costs is given below:

Replacement costs

It includes the cost of replacing any damaged item in the property. The replacement cost is calculated without considering the depreciated value of the item.

Actual cash value

 It pays for the valuable possessions in case they are lost or stolen. The price of these items is set at the market value i.e. the actual value minus the depreciated value.

How can I save on renters insurance?

You can consider buying more than one policy from the same carrier. It may help you to get multi-policy discount. If you are choosing a higher deductible, you can lower your insurance premiums. Having a good credit score can also help to save money on your renters insurance.

What perils are covered?

Insurance agencies provide coverage in case of unforeseen circumstances such as theft, fire, smoke etc. However, certain policies do not offer coverage in case of earthquakes and floods. Make sure you confirm it with your insurance provider before signing the policy.

What if I want to move out during repairs?

In case your rental home is being repaired or renovated, it may not be conducive to live there. Most of the insurance policies cover the additional expenses which may occur due to living in a temporary rental unit or hotel charges. It may also include the restaurant bills, transportation costs etc. The company pays for the expenses until the home gets completely repaired.

You must inquire about the claims procedure from the insurance agent. Also make sure you read the insurance policy carefully. This can help you to choose the best insurance plan.

We, at Shawn Camp Insurance Agency, Inc., provide comprehensive renters insurance in Killeen. The agents at the firm have extensive knowledge about various insurance plans and provide quick response to queries of clients. For more information, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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