Lakewood independent insurance agents Archives - Page 5 of 11

3 Types of Rental Property Insurance Policies

I have a number of clients across Dallas / Fort Worth who own rental property. Some are first time landlords while others own multiple rental properties and have done so for many years. It’s exciting for me to be a part of helping someone reach their financial dreams by protecting an asset that should grow in value over time. When working with a person buying their first rental property, I begin that discussion with a brief overview of the three types of rental property insurance policies.

Commercial Insurance and Business Interruption Coverage

Hurricane Dolly struck South Padre Island on July 23, 2008 with winds near 100 miles per hour, a four foot storm surge, and 12 to 15 inches of rain. Damage to structures on the Island and in Port Isabel, across the bridge on the Texas mainland, was pretty moderate and consisted of mostly damage to roofs. Power was knocked out to most residents and businesses for one to two weeks. Anything perishable, whether in a business or home spoiled.

Car Insurance and Driverless Cars

Driverless cars are coming, and they’re coming sooner than most of us think. One only has to search “driverless car” on Google, Yahoo, or Bing and there will appear over 3,000,000 results for your reading or viewing enjoyment. Google has retrofitted Lexus and Toyota models for testing, not to mention their 100 mini commuter cars that look very similar to a Little Tykes car my youngest son had.

Home Insurance for a Duplex

I received a call from a mortgage loan officer in Dallas a few weeks ago. She was working with a couple who was buying a duplex but had not yet obtained insurance. The loan officer wondered if we could help the couple as the purchase was scheduled to close in a couple of days.

Long Term Care Insurance: 3 Trends and 3 Questions

The Dallas Morning News published an interesting article on long term care (LTC) insurance over the past a few days ago. It was an excellent reminder that LTC insurance should be a part of everyone’s financial planning, especially baby boomers. Boomers are retiring at a rate of 10,000 people a day and this number is projected to continue for the next 19 years. That’s over 3.6 million people a year!

Car Insurance and Not-at-Fault Claims

Early in my insurance career, I was attending a larger party with a number of friends when a woman came up to me with tears in her eyes. Her husband, who was coming in their other car, had been involved in an accident not far from where we were gathered and she did not know what to do. We left the party together in her car and I drove us to where the accident had occurred, a southbound service road of North Central Expressway in Dallas.

Home Insurance and Replacement Cost Factors

Last week, I outlined the difference between the two broad types of home insurance policies; replacement cost and actual cash value (see http://bit.ly/1qLPE5W). This week, I want to build on that post and outline what goes into determining a home’s replacement cost value.

Texas Car Insurance Rates Rise

If you think Texas car insurance rates are on the rise, it’s not your imagination. Based on a report released earlier this year by the National Association of Insurance Commissioners, Texas premiums now rank 11th highest in the nation. Two years ago, we were ranked 14th highest in the nation. The average Texas car insurance premium, based on the 2009 data used for the NAIC report (the most recent nationwide data available), is now $1,022 a year. The national annual average rate is $901.

Home Insurance: Replacement Cost or Actual Cash Value

Broadly speaking, there are two types of home insurance policies; actual cash value and replacement cost. There are multiple forms with various options and coverage, but they all fit into one of these two “buckets.”

Home Insurance and a Roof’s Impact

Most people usually don’t think about their roof unless there’s been a recent hail storm or a damp spot appears on a room ceiling. As long as it’s not leaking, we tend to ignore it even when we see it pulling into the driveway. This past week roofs have been the subject of three conversations, two were with clients and the other with a Dallas realtor on behalf of a client with an offer on a home.

Tag: Lakewood independent insurance agents

3 Types of Rental Property Insurance Policies

Commercial Insurance and Business Interruption Coverage

Car Insurance and Driverless Cars

Home Insurance for a Duplex

Long Term Care Insurance: 3 Trends and 3 Questions

Car Insurance and Not-at-Fault Claims

Home Insurance and Replacement Cost Factors

Texas Car Insurance Rates Rise

Home Insurance: Replacement Cost or Actual Cash Value

Home Insurance and a Roof’s Impact

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