Tag: Dallas independent agents

Home Insurance and Short Term Rentals

In order to answer my question whether home insurance would cover a home on Airbnb or VRBO, I talked with underwriters from each of the companies I represent. Each underwriter gave me the same answer, that their home insurance policy would not cover a loss if the homeowner is providing temporary lodging via any of these services. The reason is there is too much risk exposure for the home insurance company for any type of loss.

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Liability Coverage, Deductibles and Your Home Insurance Policy

Two weeks ago, I provided an overview of the coverage contained in a Texas home insurance policy (see https://wiseinsurancegroup.com/a-texas-home-insurance-overview/). Last week, we dug deeper into the policy with a look at the four categories of property coverage including dwelling, other structures, personal property, and additional living expenses (see https://wiseinsurancegroup.com/4-property-coverage-categories-home-insurance-policy/). In this week’s post, we’ll examine personal property, medical coverage, and policy deductibles.

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Do You Have a Home Inventory?

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.

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3 Life Insurance Questions to Answer Before Shopping

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.

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How Home Insurance Claims are Paid

I had an interesting question last week from a prospective client. I was explaining personal property coverage on the home insurance quote I’d prepared for them when they asked, “If my house burned down, the insurance company will write me a check for $X to replace all my personal property?”

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The Best Christmas Gifts!

Christmas will arrive in a few days. The phone is a little quieter and there aren’t as many emails as clients, friends, and business associates prepare for Christmas. Sheri and I attended our last holiday party Sunday and we’re now finalizing our preparations to spend time with our kids and 7 grandchildren. It promises to be a wonderfully noisy time filled with plenty of hugs, laughter, stories, gifts, and too much food.

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States Where Speeding Tickets Really Cost

A couple of weeks ago I wrote a post advising why, from a car insurance perspective, you should take defensive driving if you are “awarded” a speeding ticket (see https://wiseinsurancegroup.com/speeding-tickets-defensive-driving-car-insurance/). I thought it might be fun to expand on that with a second reason; to avoid paying for the ticket in the first place.

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Commercial Insurance for Builders and Trades

I work with several builders in the Dallas area of differing sizes. Some remodel homes, some build new and custom homes, while others finish out commercial office space. Regardless of the differences in the work they do, they all share several things in common when it comes to their commercial insurance.

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Texas Car Insurance and Deductibles

How many deductibles does your Texas car insurance policy have? That depends on the coverage you selected when you purchased your policy. There are up to three deductible types available on most Texas policies including comprehensive, collision, and uninsured motorist. Before outlining each one, let’s first examine what a deductible is.

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