Tag: Lakewood insurance agents

Independent Insurance Agents and How We’re Different

A friend of mine sent me an email asking if I’d review her car insurance. After replying I’d be honored to, she asked me a question which comes up once or twice a year. Her question was, “Do I charge for my services?” This question is usually asked by people who’ve never worked with an independent agent before talking with me. Other people, have asked this, as well as, a follow up question, “Will I still be their agent, once I write their policy?” Let’s look at the two categories of insurance agents, how we are alike, how we are different, and the answers to both questions.

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Car Insurance and the One Coverage Required in Texas

What does a car insurance policy in Texas cover? That can vary from person to person. There is, however, one type of coverage every car insurance policy within Texas must have, and that is liability coverage. Over the next few weeks, we’ll take a look at the different types of coverage available on car policies in Texas, as well as, some discounts you should be aware of. We’ll first start with liability coverage.

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Home Insurance and Earthquake Coverage

I was in my first earthquake over the Labor Day weekend. For the past few years, Sheri’s family has rented a cabin in Davis, Oklahoma for Labor Day weekend. It’s a great time to get away, be together, cook for each other, and watch too much football. I slept through the 5.8 magnitude earthquake which was felt in north Texas all the way north to Illinois. It didn’t cause too much damage to our Oklahoma neighbors, but it provides a great backdrop to revisit home insurance and earthquake coverage.

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Two Car Insurance Claims with Different Approaches

In the past week, I’ve had two conversations with two different clients. Both clients were involved in accidents where they were hit by the other driver; one was rear ended by a commercial vehicle and the other was struck by a car that changed multiple lanes in order to attempt making the exit. The question both clients asked was the same, “How should they file their car insurance claim?”

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Home Insurance Claim or Maintenance?

A client called me two weeks ago. Their air conditioner died and they wanted to know whether or not it was covered by their home insurance policy. Given the cost of replacing an air conditioning system, I would ask the question too. The answer though, is it just depends on how they answer my next question.

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College Students and Property Insurance

My niece and intern, Lizzie, is heading back to Fayetteville, Arkansas this later this week for her sophomore year at the University of Arkansas. It’s pretty common for me to get questions from parents of college students this time of year regarding insurance for their students. Let’s review how to address property insurance for college students. To do so, I’ve divided this into two broad categories, those who live on campus in a dorm room and those who live off campus in a frat or sorority house, apartment, or rental home.

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Home Insurance and Guaranteed Replacement Cost

Every once in a while, I’m asked by a mortgage loan officer or processor if the home insurance policy a client has selected includes guaranteed replacement cost coverage. In most instances, the answer is no, however, there are a few carriers that still offer this. I thought we’d take a look at that as we conclude this series on home insurance coverage and forms.

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Camper and RV Insurance Coverage

A friend of mine asked me to quote a new travel trailer for him last week. He was graduating from a pop-up camper to a larger travel trailer and I thought it would be a great time to take a look at camper and RV insurance coverage, specifically the types of coverage available on a policy.

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Home Insurance and Named Perils vs All Risk Policies

I was talking with a person the other week about home insurance. They asked whether the policy I had proposed was a named peril or all risk, or open peril, policy. It’s an excellent question and one we should delve into to expand on last week’s post, The Three Home Insurance Form Types (see https://wiseinsurancegroup.com/three-home-insurance-form-types/).

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The Three Home Insurance Form Types

Insurance companies write home policies based on industry standard forms or policy types as outlined by the Insurance Standards Office. These standard forms are used to define how policies will be written and what coverage is included. There are 6 home insurance policy types including home, renters, and condo policies. This post, however, will focus on the 3 most common ones written in Texas

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