Why Homeowners Insurance is Important

In Texas, damages to your property and your home can be covered by homeowners insurance. It is important to understand the coverage that you have in your policy to know that you’ll be covered in case of an unavoidable disaster.

Your home is a big investment. Having the right insurance coverage can be lifesaving if you need to replace the things you have lost. There are two basic types of coverage for Texas homeowners.

  • All-Risk Policy can offer you general protection in the event of a loss except what is excluded. For example, usually things that are excluded are damage occurring during wars, earthquakes, floods, wear and tear issues, and pollution. Talk with your agent to request additional coverage if you are in an earthquake or flood zone.
  • Named Perils Policy gives the owner coverage during specifically named events in the policy, such as vandalism, burglary, or storms.

There are several advantages to purchasing homeowners insurance.

  • You may be covered against lightning, fire, explosions, theft, vandalism, hurricanes, riots, and accidental water damages.
  • You may receive temporary living expenses if your home is unlivable after damages.
  • Personal property, including furniture and clothing may be covered under your homeowner’s policy. Anything that is of great value may need to have additional coverage. Check with your local agents at State Insurance Solutions to avoid a permanent loss of your valuable items.
  • There are two choices for replacement coverage:
  1. Replacement cost – the cost to replace your items. This can include the cost to rebuild your home.
  2. Actual cash value – the value of the items at the current market price. You may not receive enough to rebuild if your home was completely destroyed by a storm.

You can always ask your agent to explore more options about homeowner’s insurance. State Insurance Solutions are independent insurance agents in Arlington, Texas. If you are looking for new homeowners coverage or would like to explore further options with your existing coverage, contact the agents at State Insurance Solutions.

Avoiding Fender Bender Fraud – 3 Tips

In most cases, it is easy to give people the benefit of the doubt. This is especially true when a minor auto accident has happened. Unfortunately, you can’t quite trust just anybody. There are many individuals out there who target certain types of vehicles or drivers in order to commit insurance fraud.

How do they do this? These drivers take steps to make sure an accident happens, then overinflate their damage and injury claims to ensure a higher settlement amount. But there are ways you can make sure you aren’t a victim. Here are three tips to consider.

Tip #1: Be Proactive by Getting Information at the Scene

The easiest way to avoid fender bender fraud is by being proactive. Get as much information as you can at the scene of the accident, such as the other driver’s name, plate number, address, insurance information, and phone number. It also helps to take a quick photo of their vehicle, especially if there isn’t any damage. If the other party eventually files a claim that includes overinflated physical damage and injuries, you can prove that the incident was minor and does not agree with what they are claiming.

Tip #2: Call the Police

Even if an accident is minor, it is still important to try to get the police to come on scene. If an officer responds, the report that he or she files acts as impartial proof that the incident didn’t involve major injuries or damage. In addition, get a physical copy to keep in your records. This can be immensely helpful if the other driver changes their account of what happened and you need to prove that the situation was not as they are claiming.

Tip #3: Document Your Side of the Story

Another way to protect yourself is by documenting your side of the story. Write down what happened and find a way to get a time stamp. This can be by taking a photo with your cell phone, sending an email to yourself, or whatever else comes to mind. By having the information recorded, you can help prove your case if there’s ever an issue.

Making sure you have appropriate auto insurance coverage is also important. Contact State Insurance Solutions today for a no-obligation rate quote.