I wrote a car insurance policy for a friend’s son last year. It’s an interesting story that’s worth retelling because most people aren’t aware that many car insurance companies won’t write a policy if you or one of your kids does this. You may surprised by this too!
While Dallas is renowned for tearing down old homes and replacing them with new ones that are “bigger and better,” there are some areas in east Dallas, Lakewood, the Park Cities and parts of Fort Worth near TCU that have some beautiful, stately homes built at the turn of the past century. Some of the homes appear on National and Texas historic home registries and more reside in historic districts. How does writing a home insurance policy for a home in a historic district or on a registry differ appear from writing one built in the 1950’s or that was just finished?
Sheri and I had dinner Saturday night with a friend. It was a delightful evening as we caught up with what has happened in each other’s lives. Our friend had a couple of questions about her home and car insurance and was concerned her home may not have enough coverage to cover a total loss. After all, prices for homes in her part of the metroplex have risen sharply in the past few years.
The value of a totaled vehicle is one of the most contested car insurance claims. Is it too low, is it fair, or is it more than you expected? It doesn’t have to be, based on a recent article in the Dallas Morning News by Jerry Reynolds. His article, “How to Negotiate with Insurers,” suggests, if you’re willing to do a little homework, you’ll know whether the offer you receive for your totaled or stolen vehicle is fair or not.
In early October, Equifax announced another 2.5 million consumers’ data was stolen bringing the total to 145.5 million people. The data stolen includes names, addresses, dates of birth, social security numbers, credit card numbers, and in some cases driver’s license numbers. Chances are, most adult Americans were victimized by this data theft. Let’s look at what’s changed, what to do, and how this relates to your home and car insurance.
A friend of mine who’s in the water, fire, and smoke damage servicing business asked me to talk with one of his client’s last week. The client was a first-time home buyer and needed some advice on how to deal with a home insurance claim for 6 leaks beneath his slab foundation. His homeowner’s insurance policy was woefully inadequate to deal with the claim as it didn’t have the right coverage added to it.
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