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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Reduce Motorcycle Insurance Costs With These Tips

by Administrator 27. December 2016 09:30

Whether you use your motorcycle for daily commuting or riding on the trails, getting it insured is must. It will not only safeguard your finances in the event of theft or accidental damage but also protect you and your fellow passengers. However, choosing a suitable insurance plan that fits your budget, can be difficult.

Let’s take a look at some tips which can help you to reduce your motorcycle insurance costs in Killeen:

Extensive research is important

If you are buying motorcycle insurance for the first time, make sure you research thoroughly about the various policies. You can compare quotes from different carriers and choose the most suitable plan according to your requirements.  Reading online reviews about them can also be helpful for you. The insurance carrier you choose, should have a good reputation in the industry.

Know what you want

Make sure you scrutinize your requirements so that you can choose the suitable coverage options. This can help you to cut down your insurance cost as you will pay only for the coverage you need.

Increase the deductible

The amount to be paid to the insurance provider in case of loss is the deductible.  You can lower your insurance premium by paying a higher deductible. However, you must ask your insurance provider the exact amount by which the premium will go down.

Choose the right bike

The type of motorcycle has a great impact on the insurance rates. If you buy a sports bike, you will have to pay more for the premium. On the other hand, a cruiser bike can help you save on your insurance. Make sure you buy a motorcycle with a less powerful engine in case you want to cut down on your insurance. Avoid choosing a bike with a lot of modifications.

Check your credit score

It is important to keep a check on your credit history as it can affect the cost of your motorcycle insurance. Make sure you pay your bills on time and clear off the debts.  A low balance on credit cards can also help to improve your credit score. This can be beneficial in lowering your insurance premium.

Maintain a clean driving record

In case you have never been involved in accidents or received tickets, you have a higher chance of getting discounts on premiums. This is because Insurance providers appreciate the riders who follow the rules and drive safely. You can even take a safe driving course to reduce the risk of accidents and maintain a clean driving record.

Ask about discounts

You may ask your insurance provider for various discounts related to the motorcycle insurance. Some of them are mentioned below:

  • Pay annually: You may get some discounts if you pay your insurance premium annually rather than making monthly payments.
  • Limit your mileage: Most of the insurance providers offer discounts to the riders who drive less than average miles per year as it reduce their chances of getting involved in accidents.
  • Age-related discounts: If you are an experienced driver, you may have to pay less for the premium. However, you must confirm it with your insurance agent as the rules of each state are different. 

Seek professional assistance

You may seek professional help while looking for motorcycle insurance. The agents will analyze your requirements and help you choose an insurance plan that fits your pocket. They will also explain the various coverage options so that you can make a wise decision.

Don’t make small claims

If you have a small dent or scratch on your motorcycle, avoid contacting your insurance provider. You may get entitled to ‘No claim bonus’ in case you have not filed a claim in certain amount of time. This can be beneficial for you in the long run.

Bundle your motorcycle insurance with other policies

Having more than one policy with the same insurance provider can help to build trust and reliability.  You may get more coverage options by paying less.
If you follow these tips, you will surely be able to reduce your insurance premium.

We, at Shawn Camp Insurance Agency, Inc. provide affordable motorcycle insurance in Killeen, TX. 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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Car Insurance Killeen: Common FAQs

by Administrator 19. December 2016 10:54

Car insurance not only covers the damages to your vehicle but also pays for the loss you might have caused to others. For people who have bought insurance for their four-wheeler in the past may find it comparatively easier to figure out how to select the best policy. However, if you are planning to get your car insured for the first time, there may be a number of doubts in your mind.

Discussed below are some of the commonly asked questions about car insurance:

Q: Is It Necessary To Get Car Insurance?
Yes. Most of the states have made it compulsory to get a minimum insurance cover i.e. liability insurance. While a few states require you to buy an additional insurance cover as well. Bodily injury and property damage liability is compulsory for car insurance in Killeen.

Q: Why Do I Need Car Insurance?
There are several aspects that make car insurance necessary. In case of accidents, injuries and damages are common. If you do not have an insurance cover, it may drain your savings. If the accident proves to be fatal for the occupant, the insurance claim can provide support to the surviving family members.

Q: What Does Car Insurance Cover?
Various types of insurance schemes cover different aspects such as damages to the car, injuries sustained by the occupants etc. You can choose from several categories such as liability insurance which pays for the damages you cause to the other person or his vehicle. Other types include medical expenses, comprehensive insurance, collision and uninsured or underinsured coverage etc.

Q: Can I Purchase More Than One Type Of Insurance Cover?
Yes. You can opt for multiple insurance covers. It is purely based on your choice and needs.

Q: Is It Beneficial To Pay Monthly Or Annually?
You can choose to pay whichever way you like but it is more economical to pay annually and can save your time. Some insurance companies also offer discounts on paying the premium amount upfront.

Q: Is It Expensive To Get Insurance?
No. Getting insurance is not expensive. The costs may vary depending upon the person’s driving and credit history. If you live in an accident prone area such as a hilly region, the insurance companies may charge you higher. The cost also varies from state to state.

Q: Will My Insurance Plan Cover Anyone Who Drives My Car?
Your insurance plan will cover the members of your family, except if you specifically exclude a name. In case you permit a friend or colleague to drive your car and he meets with an accident, your insurance will make the primary coverage and the driver’s insurance will be considered secondary. If your car was taken without your permission, the driver’s insurance coverage will make the initial payment.

Q: Does My Credit Score Affect My Insurance Premium?
Yes. A good credit score means you are financially secure. If you have too many debts or your credit history is not satisfactory, the insurance company may question your ability to pay the premium. Most companies will increase the premium rates if the credit score is low.

Q: What Happens If My Car Gets Stolen?
If your car gets stolen and you want an insurance claim, you will first have to inform the police. You can get an insurance cover based upon the type of policy you have bought.

Q: How Can I Lower My Insurance Cost?
There are several ways to lower your insurance cost. Installing safety features in your car like anti-theft alarm, airbags and anti-lock brakes can help you to reduce your premium.

Q: Does The Type Of Vehicle I Drive Affect My Premium Rates?
The costlier the car, the higher will be your premium rate. Apart from this, a car with an efficient engine and good crash-test ratings will reduce your insurance cost.

Q: Are There Insurance Discounts?
Insurance companies give several types of insurance discounts to students and people who maintain a good driving history. You can also bundle your insurance policies to get a discount.
Go through the above questions before you buy your car insurance. It will help you take the right decision.

We, at Shawn Camp Insurance Agency, Inc. provide affordable car insurance in Killeen, TX. For more information you can call at (254) 547 - 2381 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Top Reasons To Purchase Renters Insurance In Killeen

by Administrator 24. November 2016 11:20

If you live in a rental home in Killeen, TX, investing in a comprehensive insurance policy should be one of your topmost concerns. While your landlord's homeowners insurance may cover the damage caused to the physical structure of the home, your personal belongings need to be protected in case of unforeseen circumstances. Fire, water damage, theft and accidents inside the home may hold you responsible for the losses incurred. Having a renters insurance policy will not only provide financial coverage for your prized possessions but also protect you in case of any legal liability.

Discussed below are some of the reasons why you should purchase renters insurance:

Protection For Your Personal Belongings

The renters insurance policy will cover all your belongings in the house, be it electronic appliances, jewelry, clothing, antiques and other valuables. In case these items are stolen or get damaged due to fire, water damage, vandalism, smoke etc., you can file a claim. The insurance provider will recompense the cost of repairing or replacing the items, as the case may be. Damage caused due to flood and earthquake are usually not included in the insurance policy and you may need to buy additional coverage to protect against such disasters.

Required By The Landlord

In some states, the landlord may require the tenants to present a proof of the renters insurance policy before letting the property to them. The landlord's insurance policy covers only the rental home and its attached structures. Renters insurance policy provides the certainty that the tenants are adequately protected for damage to their belongings which, in turn, reduces the liability for the landlord.

Its Affordable

Renters insurance is pretty affordable and considering the thousands of dollars’ worth of personal property you may have, the policy seems to be quite an essential investment to make. However, the actual cost of the insurance may depend upon the type and amount of coverage you buy, place of residence and the deductible you choose to pay. Make sure you get in touch with different insurance providers to get the best rates for your policy.

Includes Property Damage Liability

Most renters insurance polices also include property damage liability. This type of coverage provides protection in case a disaster in your home causes damage to someone else's property. For instance, a short circuit in your house caused fire that extended to the adjacent apartment. In such instances, the renters insurance will recompense the repair costs incurred by the other party.  

Protects Against Guest Injuries

In case someone gets injured on your property due to your negligence, such as by tripping on a loose step or falling on slippery floor, you may be legally obligated to pay for his medical expenses. Also, if your pet bites someone, you may have to face a liability lawsuit. In such instances, renters insurance can work in your benefit. The policy recompenses the injured party's treatment bills and the cost of your legal defense, up to the coverage limits.

Covers Your Belongings When You Travel

A renters insurance policy not only covers the belongings stored inside the home, but also the ones kept in the car, office or while you travel. Thus, if your laptop gets stolen somewhere out of the premises of your home, you may still get compensation to buy another one of the same market value. However, make sure you ask your insurance agency about the coverage limits and the areas where the policy will be applicable.

Coverage For Damage Caused By You

In the event that you unintentionally caused damage to someone else's property, renters insurance can help to pay for the losses incurred. For instance, you break your neighbor's window or a water pipe leak extends to the adjacent apartment. The policy will help you cover the costs of repairing or replacing the damaged items.

Provision For Additional Living Expenses

If your home has damaged to an extent that it becomes temporarily uninhabitable, you can claim your additional living expenses through the renters insurance policy. Depending upon the coverage limits, it will provide for the costs of food, accommodation, transportation and other basic necessities.

If you are looking for renters insurance in Killeen, get in touch with Shawn Camp Insurance Agency Inc. We offer comprehensive insurance premiums with affordable premiums and extensive coverage options. To request a quote, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Ways To Save On RV Insurance

by Administrator 17. November 2016 10:55

Insurance costs for an RV depend on a number of factors. Geographical considerations, age and condition of the RV, the driver’s experience as well as the regional weather conditions play an important role in determining the price that you may have to incur. In order to save on your RV insurance, listed below are a few factors that should be kept in mind:

Contact different insurance companies

All insurance companies charge a different rate. Make sure you do not buy the RV insurance from the first company you come across. Some of them may offer the policy at a lower premium in order to attract more customers. Hence, it is best to do a thorough research before making the final decision.

Go through the state laws

Each state has its own insurance laws. States having a lesser number of RV owners will have a cheaper insurance cost. Also, the state laws may have certain regulations regarding the basic coverage and amount of insurance required for an RV. Hence, knowing these requirements before buying insurance can be helpful.

Look for discounts

Most insurance agencies in Killeen, TX offer additional discounts that can greatly alter your overall costs. If you have experience in driving an RV or you plan to use the vehicle occasionally and for short trips, you may be eligible for a discount. Paying the insurance costs yearly can also help you to receive certain incentives. It reduces the overhead costs of paying every month and gets you discounts too.

Get a coverage appropriate for your RV

An older RV may require a higher collision deductible. Not every policy covers all types of losses; hence it is necessary to understand the coverage provided by the one that you are planning to buy. You can also opt for a customized insurance policy to include maximum losses under the insurance umbrella.

Bundle your insurance policies

Getting a car, home and an RV insured with the same provider can help you save on your insurance. Similarly, you can opt for a multi-vehicle discount by getting all your vehicles insured under the same policy. This will not only save money, but also make it easier to manage your insurance plans.

Look for membership and professional discounts

Certain insurance agencies offer occupational and membership discounts to the clients. Doctors, teachers, military personnel and Federal officers can avail insurance at a lower premium. Similarly, being a member of an RV club or a trade association can also help you get discounts on your insurance costs.

Know the insurance costs of different RVs

Every RV comes with a different insurance cost. Before you buy one, you can do some research about the approximate cost of insuring it. There are several factors that may affect the insurance costs depending on the type of vehicle:

  • The model and age of the RV.
  • The wear and tear of an older RV can definitely alter the insurance cost.
  • The insurance company may conduct a background check of your driving record. Since driving an RV requires practice, an experienced driver may be offered a discount.
  • In case you live in a mountainous region or areas affected by harsh weather conditions, the insurance costs may go higher.

Some safety tips to save on RV insurance costs:

  • Instead of parking in the open, you can opt for indoor parking options to ensure safety.
  • Since driving an RV is different than other vehicles, it is advisable to take a course in order to learn safety techniques. Most companies offer discount on safety-course certificates.
  • Drive safely and take precautions to avoid accidents. Safe drivers are usually awarded with discounts.
  • Install safety accessories such as anti-theft alarms, gas and fire protection systems in the RV. This not only ensures personal safety but also helps to reduce your insurance cost.

By following the tips mentioned above, you can get a cheaper insurance policy without having to compromise on your insurance coverage. You can hire an insurance agent to guide you through the whole process. Discuss your requirements with the agent and he can help you opt for a comprehensive policy that covers all your losses in case of an accident.

We, at Shawn Camp Insurance Agency, Inc., offer comprehensive RV insurance plans in Killeen. To request a quote, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Homeowners Insurance: Questions To Ask Your Insurance Agent

by Administrator 26. October 2016 06:17

Homeowners insurance provides financial security to an individual in case of unforeseen situations such as theft, fire, water damage, etc. Before applying for homeowner’s insurance, it is essential to enlighten yourself regarding the coverages you require and if the selected insurance agency provide them.  For this, you may make a list of questions that would be asking your insurance agent.

Listed below are some questions that can help you choose the right insurance company and make sure your hard earned is properly utilized.

Is the Company Financially Stable?

The insurance company you are opting for must be renowned, licensed and offer extensive coverage options. Hence, you must ask your insurance agent about the firm, its reputation, experience and other related information. You may also consider visiting the website to read the customer reviews and also research thoroughly on the services provided. The financial stability and soundness of an insurance company can be checked via NAIC (National Association of Insurance Commissioners).

What are my monthly premiums?

Premium is the amount paid each month after purchasing the insurance. You need to have a clear idea of the amount you need to pay as monthly premiums. Note that the amount should not make a hole in your pocket. You can ask the insurance agent about various insurance companies in your state and how much premiums they require you to pay. Another way is to visit an online insurance agency and request quotes of various insurance plans. This helps you to choose an affordable as well as an up to date insurance plan.

What about the rebuilding cost?

Your homeowner’s policy should cover the cost of rebuilding your home in the event of a total loss. This includes the construction materials used at the time of construction. Partial or total damages caused by fire, hurricane, lightning or any other disaster listed in your policy can be recovered. Flood and earthquake damages are covered separately as these are excluded in standard homeowner’s insurance policies. You should ask your insurance agent whether the company would cover these costs.

Personal property loss?

The insurance should not only recover the building cost but also the cost of replacing all personal possessions (furniture, appliances, clothing etc.) in the event of a theft or any other insured disaster. Most companies provide personal property coverage equal to about 50 to 70 percent of the amount of insurance you have on the structure of your building. Your agent would screen the different companies and help you decide the best.

Are combined packages available?

Many companies offer discount rates if you carry auto, home and life insurance policies with them. If you have a car, then you need an auto insurance anyway. Similarly, life insurance is a must for people today. Grouping these policies will give you the added advantage of securing insurance plans at a reasonable cost. You can ask your agent to let you know about the ongoing discount rates in different companies (if any) and then decide the plan.

Does my policy cover market value or replacement value?

Before deciding the insurance plan, you need to know whether the policy covers the full value of your house in event of full destruction or just the replacement cost. There is a difference between the market and the replacement value. Market value means you are paid the market price of your house if the home is completely destroyed. Replacement value means you are paid whatever it costs to replace it. If it costs more to rebuild your exact home than it is currently worth, then the market value is usually a better buy.

What Is the Procedure for Filing a Claim?

Filing the claim is a very cumbersome process in an insurance plan. It requires notifying the company and filing up the necessary claim forms sent to you. You need to fill up the form timely in order to avoid any delays. Just be patient and cooperate with the company to get back your money. Talk to your agent and understand all the essential rules and regulations to enjoy a hassle-free claim filing experience.

So these are some important questions you certainly must put up to your agent and whose answers you must know before you think about providing protection to your house.

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How To Lower Your Car Insurance Premium?

by Administrator 19. October 2016 03:04

Having a car insurance can be beneficial as it covers the financial losses in case of unforeseen circumstances such as theft, vandalism, floods etc. However, choosing an insurance plan can be an overwhelming task. Being aware of the different factors that affect the insurance cost can help to reduce your insurance premiums to a great extent. Make sure you analyze your requirements before you begin your search. It can help to narrow down your options and choose the most suitable insurance plan that fits your budget.

Listed below are some tips that can help to lower your car insurance premium:

Request quotes from multiple carriers:

Research thoroughly while shopping for a car insurance policy. Request quotes from different carriers and compare the rates they charge for your car. Asses your needs and choose the one that provides maximum coverage options at reasonable costs. Check if they allow you to customize the insurance plan as per your requirements. You may also read online reviews, consult an insurance agency or seek recommendations from your friends. The insurance carrier you choose should be financially stable with a good reputation in the industry.

Credit Score:

Your credit score plays an important role in determining the cost of your car insurance. Paying bills on time and clearing off debts can improve your credit score. Keeping your balance low on credit cards can also be beneficial in getting a good rating. This can help to increase the chances of getting car insurance at a minimized cost. So, it is essential to review your credit record on a regular basis and rectify the errors as soon as possible.

Driving History

A good driving record can help to cut down on your insurance premium. Insurance providers give discounts to the drivers who have never been involved in accidents or received any tickets.  They may also lower the insurance premium if you have taken safety driving course. Your driving experience can also affect the insurance cost. If you are a young driver you may be charged a higher premium as you have more chances of getting involved in an accident. So abide by the rules and drive safely.

Higher Deductibles:

Deductible is the amount of money that you need to pay to the insurance provider before getting a claim.  You can lower your car insurance premium by paying a higher deductible. Since each insurance company has different rules and regulations, you must ask your insurance agent how the insurance cost can be affected by increasing the deductible. Depending on your insurance policy, you can save money on annual or monthly premium.

Car Related Factors

Safety Rating:

If you own a car with a high safety rating, you can get discounts on your insurance premium. Having safety features such as airbags, anti-lock brakes, automatic seat belts etc. can reduce the risk of accidents and medical bills. Getting anti- theft and engine-cut-off system installed in your car can also lower your insurance rate. Thus, having a good safety rating can be beneficial for you.

Low-Mileage Discounts

Some insurance companies in Killeen offer discounts, if you drive less than average miles per year. It can lower the chances of getting involved in accidents.  Also, keeping your car in a safe location such as garage can help to reduce your insurance rate.

Choose The Car Carefully:

If your car has a large engine i.e. it has a lot of horsepower, you may have to pay a higher insurance premium for it. Thus, it is better to choose a small commuting car. However, among the different types of cars available, sports cars have the maximum insurance rate. Also, getting insurance for a used vehicle can beneficial. Since the cost of repairing can be more than its actual worth, people generally prefer replacing the car. That is why insurance companies charge a lower coverage rate for them.

If you are looking to choose a car insurance plan, these tips can definitely help you. You can even seek professional assistance to make the final decision.

We, at Shawn Camp Insurance Agency, Inc. provide affordable car insurance in Killeen, TX. The agents help in choosing the best insurance plan according to the client’s requirements. 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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