RV Insurance

by Administrator 29. May 2017 12:38

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Reasons To Have Auto Insurance

by Administrator 23. May 2017 13:03

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How Are Car Insurance Rates Determined

by Administrator 17. May 2017 11:57

Have you ever thought why the premium rates of two customers purchasing the same type of car are different? This is due to the fact that there are many factors are responsible for the variation in the car insurance rates. These rates are determined by the risk evaluation experts based on the amount of risk the company is taking by insuring a particular type of vehicle. Higher the risk involved, higher will be the insurance rates.

Given below are some of the important factors that help in determination of car insurance rates.

  • Value of car: Insurance rates for expensive cars like SUVs and similar luxury vehicles will be higher than the smaller cars as the insured declared value of costly cars will be higher. Even two cars of same cubic capacity manufactured by different companies will have a difference in their prices. This eventually reflects on the insurance premium that you need to pay.
  • Driver's history: Those having a poor driving record or a history of accident, drunken driving conviction or over speeding fines are charged a higher insurance rate. This is due to the increased amount of risk of claim that has to be taken into account by the insurance company.
  • Type of car: Different types of cars are equipped with diverse safety and security features. The enhanced safety of a car can be assessed by factors such as: car damage history and number of accidents of a particular type of vehicle. If you own a car model that has a record of higher number of claims, you will be charged a higher rate for your insurance policy.
  • Demographics: Insurance rates vary for different zones and are determined on the basis of number of theft and insurance claims in a particular area. Densely populated areas have a higher number of theft incidents and accidents. Hence, cars purchased by customers in these areas are automatically charged a higher rate of insurance premium.
  • Age of the customer: Generally, young drivers are prone to accidents as they drive more swiftly as compared to old-aged drivers. Therefore, people buying a car at younger age will be charged a higher rate of insurance premium due to the increased amount of risk associated with them.
  • Usage of vehicle: The car which is being used for commercial purposes will remain on the road for a higher period of time and is consequently more prone to accidents. Hence, such types of cars are charged a higher rate of insurance premium than the cars used for personal purposes.
  • Occupation of the buyer: Individuals in the occupation of sales and marketing, or politicians etc. have a higher risk of casualties and thus will be charged more for car insurance as compared to those in desk jobs such as operation staff working in the back office etc.

For affordable car insurance in Killeen, TX, get in touch with Shawn Camp Insurance Agency, Inc. We can be contacted at (254) 526 – 0535.

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What Is Covered Under Home Insurance

by Administrator 28. April 2017 16:00

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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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