Owning a Midland Texas home is one of the most important investments you can make. As your family grows, your needs will change as well as your risk. We think it is very important to review your Midland home insurance program every year to make sure it still meets your needs.
Compared with investment decisions and estate planning issues, perhaps questions about the language in your homeowner’s policy may seem hardly worth considering. Yet the more successful you become, the more complicated your asset-protection needs are likely to be, and the more you have to lose.
1.Gaps in homeowner’s coverage. Every homeowner needs to review their coverage regularly to keep up with rising replacement costs. But insuring different kinds of homes in different locales poses extra challenges. If you buy insurance from more than one carrier, you may face contrasting rules, limitations, and policy renewal dates.
2.Under insuring art and collectibles. Standard homeowner’s policies limit coverage for the losses of antiques, furs, and other valuables. While you could schedule additional coverage, insuring the real value of a collection of contemporary art or vintage muscle cars, likely will require a specialized policy addressing several critical issues.
3.Make sure you keep up with the true replacement cost of your home. Often people let this go for a few years, but it can be devastating.
4.Forgetting to insure household employees. When someone works for you or your family as a nanny, landscaper, personal assistant, or in another role, you could be liable for medical expenses and lost wages if the worker is hurt on the job.
As a homeowner, you carry homeowner's insurance to protect yourself in case of damage to your home. A devastating storm can leave flooding waters, property damage, and personal injuries in its wake. Perhaps one of the least expected dangers that follow a storm is fraudulent contractors. Most contractors are honest and work hard, but some will follow disasters and try to take advantage of you.
After recent storms and major disasters, a few unscrupulous contractors use a trick to defraud homeowners every year - convincing them to sign away their rights through an Assignment of Benefits (AOB) form.
A contractor or repair company representative will often tell you that an Assignment of Benefits or "AOB" form is necessary for them to do work on your home. They may promise it will make the process easier for you as it will allow them to "handle everything." They might even offer to lower or eliminate your deductible if you sign the form immediately.
Don't allow contractors to start work before the damage is assessed by your insurer. Most importantly, don't sign an AOB form. We are here for you and can help you navigate the claims process and avoid contractor abuse and fraud.
Use well know contractors
Ask for a written contract
Ask to see proof of insurance and licensing from the contractor
Make sure your agent and insurance company is involved.
If you're lucky enough to have a lawn with a good topsoil base, much of the hard work of keeping a lawn beautiful is already done for you. But many of us do not have this luxury, and besides, even with a good topsoil base, you still have to work hard to keep a beautiful lawn and garden.
1. The best time to mow a lawn is when it is cool and dry. Wait for the morning dew to dry off, and before the afternoon, heat takes hold. Alternatively, late afternoon or early evening following a watering in the morning is also a good time.
2. A hedge is a much better boundary divider than a fence. It will provide better privacy and keep pets and children in or out. It will attract birds to its shelter and provide a great backdrop for plants and flowers.
3. Bring the beauty of your garden to you; plant hyacinths near walkways and doors. Their magnificent perfume will swamp the spring air and make your garden really come alive.
4. Add your garden to non-garden items, such as lampposts and mailboxes. Surround these items with flowers planted to take advantage of the earliest to the latest flowerings. You could have white snowdrops, purple and gold crocus, blue hyacinths, and various colored tulips. You could also surround the posts with rocks to provide added interest.
5. Simple but effective weed control can be achieved on your lawn by often mowing during spring. This will prevent dandelions from spreading by eliminating the yellow blossoms and preventing seed formation. Mow high during late spring and early summer. This will allow grass blades to shade the ground and will help prevent crabgrass from sprouting.
Your lawn and garden should be a source of pride and beauty.
You don't need to spend lots of money on expensive fertilizers and herbicides or fancy lawn furniture and ornaments. A little commonsense and thought can go a long way to making your lawn and garden a much better place.
As always, all of us at King Insurance Group appreciate your business, and If you would like us to do a 'spring cleaning' of your accounts please don't hesitate to email or call us.
In the next few weeks, over 1.5 million students will have completed their bachelor’s degree. Parents and students, as you hang that degree on the wall it may be time for a review of your home insurance and auto insurance. As students move out on their own it becomes important to consider these different insurance coverages.
Renter’s or Homeowner’s Insurance
As you move out of that college dorm and into an apartment, you will need to consider a renter’s policy that will cover your personal property. If you are buying a home you will need homeowner’s insurance.
Students, if you are on your own and have moved out of your parents home, auto insurance should be on your “to do” list. Auto insurance covers your legal liability if you injure a third party and can also cover damage to your auto.
As students move out on their own, the need for health and/or medical insurance becomes very important. It might take you a number of months to find a job with health benefits. So now is the time to obtain the proper health insurance. If you are under the age of 26 you can still be part of your parents plan.
We offer a number of proven methods of reducing business insurance premiums without affecting coverage. We can review your insurance program to determine if there are ways to reduce costs, and we are ready to help you work through the process. Here are six premium reducing methods we can recommend for you to consider.
Texas Business Insurance
Merge insurance policies -- Consolidating auto, property, and liability insurance under one policy can provide “package” credits. Automobile Program -- Make sure all your commercial vehicles are “classified” correctly. For example, having a pick-up classified as a commercial delivery truck can increase costs. Consider self insuring physical damage coverage on certain vehicles.
Workers’ Compensation -- If you have had large losses, it could be beneficial to have a third party medical bill review completed.
Increase Deductibles -- Consider increasing your property deductible to $5,000 or even $10,000. Also, think about increasing auto deductibles on older vehicles. If your losses are low, over time you might save enough in premiums to pay for future losses.
Have us complete an audit of your entire program -- We can evaluate exposures your company has, and discover what options would be best for your individual needs. We can become a second set of eyes to uncover exposures not currently addressed.
Protect what matters most to you with Car, Home, Health, Life & Business insurance. We offer the best combination of competitive rates, coverage and personal service in Midland.