There are several changes coming to Texas health insurance in the coming months. The Dallas Morning News has reported several in the works in two recent articles; one involves the loss of an individual plan option and the other addresses requested rate increases. The changes will impact people with individual policies the most.
I dealt with an interesting situation this past week I believe is important to share with anyone buying a home. It reminded me why it’s so important for home buyers to review home insurance during the option period, not after it’s expired.
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.
I received a call from one of two business partners last week. The partners bought a home that needed some TLC. Once they finish with
A client’s son called me a few weeks ago. He’d was buying and wanted to discuss what the car insurance would cost for it. The car is an early 2000 Subaru WRX that had been nicely customized with a new suspension system, engine modifications, and wheels. The car insurance issue this raised was how to address the value of a car that’s 10 to 15 years old and had $15,000 worth of customization done in the last couple of years.
I have received several emails and calls over the last few weeks about home insurance for a duplex, so I thought this would be an excellent time to revisit this. Insuring a duplex can be the same as writing a home insurance policy for a single family home and it can be very different.
I had lunch with a client of mine on Wednesday in Richardson to discuss commercial insurance for a new venture he’s starting. When we were done, I left the restaurant and headed to my next appointment in Dallas. I got onto the frontage road of North Central Expressway headed toward Campbell Road but had to navigate around a head-on collision in the U-turn lane underneath Central. Somehow one of the cars was headed the wrong way on a one way U-turn under the freeway when it met a car attempting to get onto the southbound frontage road.
There’s an old saying, “If it walks like a duck and quacks like a duck, then it’s a duck.” That isn’t always the case when it comes to a town house. From an insurance standpoint, sometimes a town house is a house and other times it’s a condo. It really depends on the homeowners association and their insurance policy.
I was talking with a client about their upcoming renewal earlier this week, specifically his family’s car insurance. He let me know he’d received a speeding ticket in Dallas going to work last month and wanted to know what the impact would be on his car insurance which is set to renew next month. Will it go up, and if so how much?
A colleague called me a couple of weeks ago. She’d been asked to provide a home insurance quote for a prospective client whose policy was being cancelled. The reason it was being cancelled is the insurance company discovered the home has a roof with three layers of shingles when it conducted the home inspection
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