Sheri’s and my home insurance renews in March. Over the past few weeks, we’ve received a number of offer letters from insurance agents with a variety of companies. All of them offer what appears to be huge savings. If I were not an insurance agent, I would be very interested, however, I am an insurance agent and I know what I’m looking at when I read these offer letters. The savings they promise really is too good to be true!
How do car insurance companies handle claims when one of their clients are struck by a driver who doesn’t have car insurance? Most people never think about this, but I see it several times a year as the Dallas / Fort Worth area has historically had the highest percentage of drivers without car insurance, or uninsured motorists, in Texas. The only time most people think about this after they’ve been hit by an uninsured driver.
Over the past five weeks, I’ve written about home insurance topics related to the tornadoes that hit north Texas on December 26th including picking the right roofer or contractor, claim steps, important coverage in the event of a total loss, how claims are paid and why a home inventory is invaluable after a major claim. I felt it appropriate to end this series with a look at two things home insurance covers which are factored into the home’s dwelling value that most homeowners don’t think about, demolition and debris removal.
House Bill 2305 was passed by the Texas Legislation on June 14, 2013 and went into effect on March 1, 2015. The bill did away with the familiar inspection sticker most Texas drivers were accustomed to receiving when we had our cars and trucks inspected each year. The goal, starting March 1st of last year was to combine the inspection sticker with our vehicle registration sticker.
On Saturday, December 26, the temperatures were unseasonably warm, due to the warm air flowing up from the Gulf. A cold front rolled in from the west late that afternoon to collide with the warm Gulf air and set off 11 tornadoes across north Texas which killed 11 people and damaged or destroyed over 1,200 homes and businesses in Red Oak, Garland, and Rowlett.
I talked with a young couple yesterday. They are in their 30s, have two kids, and are looking for life insurance on both spouses. They had reviewed their finances with their financial planner who’d recommended they purchase a life insurance for both them to augment their financial plan.
