Homeowners Insurance Myths

by Administrator 28. March 2018 09:19

There are many myths and misconceptions around the topic of home insurance. These myths if not cleared can result in unwanted costs in the form of overpaying for policies and not getting the right coverage. Buying a home insurance policy is the best way of protecting your home from natural disasters and factors like theft, floods etc. The following is a list of common myths surrounding home insurance.

  1. Home Insurance Is Limited To My House Only - A home insurance policy covers your house, its contents, living expenses for an inhabitable house and personal liability exposures.
  2. Covers The Market Value Of A House - A home insurance covers the rebuilding/replacement value of a house and not its market value.
  3. Insurance For Older And Inexpensive Homes Is Cheaper - The home insurance of older homes is in fact more expensive as the chances of certain home systems to fail are higher.
  4. Home Insurance Covers Damage By Termites And Insects - Most home insurance policies generally do not cover damages by termites and insects. You will have to inquire whether the policy you have chosen covers these factors.
  5. A Home Insurance Covers The Costs Of Intentional Damage - No, it does not cover costs that ensue due to injuries or damages caused by an act which you initiated, such as a fight with someone. It only covers damage due to accidental and unintentional injury caused to someone on your property.
  6. Home Insurance Covers Costs On Upgrading My House - A home insurance does not cover any cost associated with maintaining your house. It also does not cover damages caused to the house due to poor maintenance such as mold. It can only compensate you for expenses incurred in rebuilding it in case of damage due to an unforeseen event such as fire or theft.
  7. Creating An Inventory List Of Your Possessions Is A Waste Of Time  - Homeowners insurance provides for personal property insurance and covers for the possessions within the house. So, it is important to create an inventory of all the valuable possessions in your home so that you can file a claim in case a loss arises.

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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Things Every Homeowner Should Know About Home Insurance

by Administrator 24. March 2018 10:52


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by Administrator 16. March 2018 13:47

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Coverage Included In Homeowner's Insurance

by Administrator 27. February 2018 07:00

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Factors Affecting Your Home Insurance Premium

by Administrator 24. February 2018 07:13

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Why Is Home Insurance Important

by Administrator 21. February 2018 08:39

A type of property insurance, home insurance covers your house from accidents, damages and theft. They are usually bought for a stipulated tenure at the end of which the tenure has to be renewed.  This could be anywhere from 1 year to 5 years. Considering that a house is one of the most treasured and costliest asset for many, getting a home insurance is crucial. Following are some reasons for which insuring a home is important:

• Protection From Liabilities

A home insurance policy will protect you from liabilities resulting from personal injuries, damage to the property of guests or third parties who might have been in the house. This type of insurance also covers you and your family members from losses and damages.

• Temporary Living Expenses

If the insured house requires renovation or reconstruction due to an unforeseen damage to the structure, you might have to move out to another house for some time. Certain home insurance policies will cover any expenses that you incur while doing so. Your expenses in the form of rent you pay will be covered by the insurance company until the former house is made livable again.

• Coverage Against Natural And Man-Made Calamities

Home insurance policies provide coverage against losses caused by natural calamities e.g. floods, storms, earthquakes etc. They also cover losses due to man-made acts such as theft, vandalism, riots etc. In case of such events, the amount of compensation from an insurance company helps you recover from the loss and even rebuild your house.

• Compensation For Loss Or Damage To Valuable Assets And Precious Belongings
If you have valuable and expensive belongings such as important documents, precious jewelry, furniture, clothing etc., a home insurance also covers losses or damages against them. The only pre-condition is that at the time of damage, the articles should have been in the insured house. Items like artwork, antiques and furs might require a rider on the policy to be included in the coverage.

• Bank Preference
Most of the banks prefer those with home insurance for sanctioning loans. For some banks, it is a major eligibility criterion. So if you want to figure high on the priority list of banks for a loan, getting your home insured is a sure way to do so.

• Mortgage Contracts
If you are a home owner with a mortgage on your home, it is better to take a home insurance policy. This is because the lender has a monetary stake in the home. Getting the home insured protects you and the lender form any losses and liabilities.

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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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

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