I believe it’s important to talk with every client we serve about life insurance. This discussion is not designed to sell something to them, though many begin to put up an emotional wall when I raise the subject. My motivation is simply to confirm they have something in place. If at all possible, I want to avoid telling a surviving spouse I never talked about it with their wife, husband, or partner after a funeral.
When it comes to a Texas car insurance policy, everything other than liability coverage is considered optional coverage, however, most people don’t think that way. With that in mine, last week, I outlined four car insurance options worth considering (see https://wiseinsurancegroup.com/texas-car-insurance-options-part-1/). Here are four more that may be of interest to you.
Last week, I wrote a post about Dallas area homeowners receiving notices from the mortgage companies regarding their monthly mortgage payments are increasing. This is due to their home insurance rate increasing, or an increase in property taxes, or some combination of both (see https://wiseinsurancegroup.com/home-insurance-property-taxes-and-escrow-accounts/). It turns out they aren’t the only ones receiving these notes!
Life is full of options, and the same is true of a Texas car insurance policy. Frankly, everything other than liability coverage is optional, however, insurance companies offer a number of options worth considering beyond uninsured motorist coverage, comprehensive and collision coverage, and medical coverage. Here are 4 options worth knowing about.
$207,000. As of April, that is now the median price for a home in north Texas. It represents an average 14% increase in home prices across the metroplex over 2013. The new median home price represents an increase of almost 60% over 2010’s valuation, at the depth of the recession. When compared to the previous high water mark set in 2007, the gain is over a third.
I’m working with a small Dallas area non-profit organization on their insurance. They work with kids on a variety of issues pre-teens and teens face; family, school, bullying, and the difficult transitions many of us faced from elementary to middle school, and then again moving on up into high school. I’ve thoroughly enjoyed learning about what they do and then helping the organization find the right insurance to protect it.
Over the last few weeks we’ve looked at three types of coverage available, whether required or optional, on any Texas car insurance policy. These include liability coverage, uninsured motorist coverage, and the three most common types of deductibles. The next coverage available to Texas drivers provides for medical care and support services.
I’ve received several calls from clients over the past couple of months. In each case, they’d received a notice from their mortgage company notifying them their mortgage payment was changing due to a deficit in their escrow account. They had the option of paying the escrow shortage or it could be factored into their already increased monthly home mortgage payment. The same thing happened to Sheri and me.
I’ve been thinking a lot about ice cream lately, specifically Blue Bell ice cream. They’ve been in the news a lot since listeria bacteria was discovered in some of their ice cream products. Officials believe that Blue Bell ice cream contaminated with listeria is responsible for the deaths of 3 people in Kansas in the past year.
Larry Taylor, a Texas State Senator from Friendswood, introduced a bill to restrict homeowners’ ability to sue insurance companies over unpaid claims. The Senate passed his bill last Wednesday in a 21 to 10 vote, and it’s headed to the House to be voted on. If approved it, the bill will go to Governor Abbott to sign or veto it.
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