How Much Home Insurance Do I Need?

One of the biggest risks in insurance is never buying enough coverage. Imagine filing a claim only to find that you don’t carry adequate insurance. Isn’t that frustrating? Unfortunately, 3 out of 5 homeowners are underinsured in America. The good news is that you don’t have to be part of these statistics since Insurance Solutions of Texas of Sugar Land, TX is guiding you on how to carry the right amount of home insurance.

How much dwelling insurance should I have?

If you have a mortgage, the first step is to satisfy the lender’s insurance requirements. However, this doesn’t mean that’s what you should settle for — it’s only the foundation to build on the amount of insurance needed.

The ultimate guide of how much home insurance is required is the replacement cost of your home. How much will it cost to replace your home from the ground up? That would be the amount of home insurance needed. When computing the replacement cost, consider factors like renovations, current building material costs, and new building codes.

How much contents coverage do I need?

How much will it cost to replace all the stuff you own? That’s the amount of personal contents coverage required. Come up with a home inventory that includes everything you own. This ensures all assets under your possession are insured.

For high-value items like jewelry, you need to look out for "riders" or "endorsements" because typical home insurance provides limited coverage.

How much liability insurance do you need?

This is usually a tricky one because you never know the liability claims to face at any given time. However, to be safe, purchase $300,000 of liability coverage or $500,000 if you can. For higher coverage, consider umbrella insurance.

Still not sure about how much home insurance you need? Don’t worry. We won’t let you walk the journey alone. If you are in Sugar Land, TX, and its environs, please partner with Insurance Solutions of Texas for all your home insurance needs.

Why flood insurance is so important

Residents in the greater Sugar Land, TX can count on the team at Insurance Solutions of Texas to answer their questions related to flood insurance. There are a lot of questions surrounding flood insurance and who needs what coverage in the areas around our town. If you have concerns about your current flood protection, give us a call today.

The importance of flood insurance

 What some homeowners in our area do not realize is that coverage from water damage can often hinge on the type of water that causes the problem. For example, water from rain could be considered different from water from a hurricane or flooding. Plumbing issues are another way that water problems are viewed differently by many insurance companies.

For many people, flood insurance is a requirement from their mortgage lender. If you are not required to have flood insurance, you may want to consider it as a supplementary policy. There are many instances where a homeowner’s policy will not cover damage that is caused by floods. For this reason alone, it only makes sense to have a flood insurance policy in place.

Protecting your home is job number one when it comes to insurance. Make sure that you have the coverage in place to keep your home safe, no matter what Mother Nature sends your way.

Now is the time to find out more about flood insurance

Insurance Solutions of Texas is here to answer all of your questions related to home and flood insurance. If you are a homeowner in the greater Sugar Land, TX area and have questions, we are here to help! Call or stop by today and find out more!

What every driver should know about auto insurance in Sugar Land, TX

If it’s your first time buying auto insurance in Sugar Land, TX, it’s essential that you learn what the law requires to ensure you comply with all the requirements. At Insurance Solutions of Texas, we recommend checking the Texas insurance department to learn more about auto insurance. To help you get started in the right direction, here are a few things we thought you should know.

Texas follows the "fault" system

Texas uses the "fault" rule when it comes to liability, which means that the driver at fault pays the victim. The injured passenger or driver may decide to file a claim (first-party claim) from their insurance company and have their company seek compensation from the other driver’s insurance policy (third-party claim). If unsatisfied by the outcome, the injured party may also decide to sue the other driver seeking compensation for the suffering, property damage, medical bills, and other losses associated with the accident.

You need to carry insurance to drive around Texas

All drivers in Texas must carry the minimum liability coverage as proof of financial responsibility in case of an accident. The law requires you to have a minimum of $25,000 for property damage per accident, $30,000 for bodily injury per person, and $60,000 when more than one person is injured in the accident.

Insurance prices vary by company

Insurance companies in Sugar Land, TX use different criteria to assess risk and determine how much you pay for coverage. That means that no two insurance companies will have the same prices for the same policy, and the difference can be hundreds of dollars.

You can skip uninsured/underinsured

Texas doesn’t require drivers to have motorist coverage. However, it does require insurance companies in Texas to offer the coverage. Uninsured/underinsured coverage can benefit you if you’re hit by a driver with no car insurance or if their policy is not enough to cover the damages or injuries.

For more information, queries, quotes or new policy discussions, please feel free to contact Insurance Solutions of Texas.

Benefits of Having Commercial Insurance

As the name suggests, commercial or business insurance is designed to protect businesses, including business owners and employees they hire. Since every business is different, there is no one-size-fits-all commercial insurance policy. Whether you run a big company with a hundred employees, you are a freelancer who makes some extra cash, you can benefit from commercial insurance.

Benefits of Commercial Insurance

Here is a list of the key advantages of commercial insurance:

  • It helps you win more clients. The bigger a client, the more likely you will have to sign a contract with them. Contracts often require carrying a special type of commercial insurance – errors and omissions insurance. This type of insurance covers professional mistakes that are made by a business owner or by one of the employees. 
  • Handles high legal bills. Business owners often become targets for lawsuits. For example, if a visitor gets injured on your property or gets hurt by a product you sell, you can be sued. Most commercial insurance policies provide lawsuit protection and cover your legal fees. 
  • It helps you recover from damages to commercial property. One of the main purposes of business insurance is to pay for repairs and replacement of business property and equipment after windstorms. A standard commercial insurance policy also pays for losses related to theft, vandalism, and fire. 

Insurance Solutions of Texas in Sugar Land, TX – Quality Insurance Policy to Businesses and Individuals 

If you are a business owner in Sugar Land, TX or any other surrounding area in Texas and you are shopping for commercial insurance, Insurance Solutions of Texas is ready to help you with every step of your insurance process. Our experienced and knowledgeable staff is always ready to answer your questions and help you find a policy you need.

Things home insurance won’t cover

Sugar Land, TX is a great place to buy a home. It is one of the fastest-growing cities in Texas and lots of new development there means finding a home is easier than in some other cities. Your home is a major investment no matter where you buy it and making sure it is protected with the right home insurance is important. At Insurance Solutions of Texas, we have been in business since 1993 and we have the knowledge and experience to make sure you get the right insurance for your particular needs. 

Floods

Floods are something Texans are all too familiar with. When a storm or hurricane hits the Gulf Coast, waters rise. Floodwaters cause massive amounts of damage. If you live in a flood zone and have a mortgage, your lender will require you have flood insurance. Your home insurance will not cover flood damage caused by surface water. Busted pipes, yes, rising waters, no. 

Sewer back up

Nothing is more disgusting to think about than a sewer backing up into your home. It is disturbing to understand your home insurance will not pay for any damage that is caused by the sewer backup in your home. 

Land movement

Land movement includes a few different things. It includes earthquakes, mudslides, and sinkholes. All of them are scary to think about and not covered by traditional home insurance. 

Owner neglect

When you live in a warm climate, there are certain things you as an owner must do to protect your home. You must treat it for termites and other pests. You must make sure mold doesn’t grow in your home and you must keep your home in good repair. If you don’t, your home insurance will not foot the bill. 

When you are ready to update your home insurance, give Insurance Solutions of Texas in Sugar Land, TX a call for a no-obligation quote. 

Important Flood Safety Tips

Sugar Land, TX is no stranger to floods. Whether you’re new to the area or a long-time resident, Insurance Solutions of Texas wants to make sure you’re prepared the next time the waters run high. Check out our flood safety tips below!

Stay Up To Date

During a storm where flooding is likely, listen to the television or radio for current information. Know the area you’re in. Streams, canyons, and drainage canals can flood rapidly. These areas are especially prone to flash flooding, which can occur without warning.

Preparing Evacuation

Keep an emergency bag prepared with food, important documents such as identification and insurance papers, food, and a flashlight. If you have time, secure your home and move essential items to an upper floor if possible. You may be instructed to turn off utilities at a main switch or valve. If you can, disconnect electrical equipment but do not touch them if you are wet or standing in water.

During An Evacuation

When leaving your home, do not walk through water that is moving. Even just half a foot of moving water can cause you to fall. While driving, flooded areas should be avoided. If you encounter rising floodwaters, abandon the car and move safely to higher ground if possible.

After A Flood

Avoid contact with floodwater and do not swim through it due to the risk of dangerous debris and chemicals in the water. Avoid downed power lines. Do not return home or enter a disaster area until officials declare it is safe to do so. 

Sugar Land, TX is all too familiar with the devastating effects of flooding. Let Insurance Solutions of Texas take care of your flood insurance needs before it’s too late. Contact us today.

How to Find the Most Beneficial Auto Insurance Policy

Auto liability coverage is required in the state of Texas. But what other types of coverage do you need? Remember that liability (as its name suggests), only covers damages that others incur as a result of an auto accident that is deemed your fault. 

Other Types of Insurance You May Want

Even though liability is the only type of auto insurance that is required for your vehicle in Texas, you may want to look into other types of insurance such as:

  • Collision insurance
  • Comprehensive insurance
  • Uninsured
  • Underinsured
  • Medical Payments

Collision insurance covers damages to your own vehicle, whether it was your fault or not. If you incur damage from an accident that was the fault of an uninsured or underinsured driver, you will still be able to replace or repair your loss with your insurance policy if you deal with a company like Insurance Solutions of Texas in Sugar Land, TX. The medical payments option helps cover hospital or medical costs due to an accident and is optional coverage. 

What’s the Difference Between Uninsured and Underinsured?

Uninsured is insurance you carry that covers loss when the other driver has no insurance at all. Underinsured covers loss or damage due to not having enough insurance to cover the loss. 

Which is Right for Me?

Insurance is a personal thing. Other than the obvious required and state-mandated coverage (liability in Texas), how much of the other types of insurance you carry is up to you. You should consider the level of risk you take based on the amount of driving you do, how much you take other people in your vehicle with you, your likelihood of accident based on statistics such as age and other factors, and how much insurance you can afford.

Speak to your Sugar Land, TX insurance expert of Insurance Solutions of Texas to learn more and know that, when the unexpected happens, you’re covered!

Why Texas Business Owners Need A Strong Workers Compensation Plan

Insurance Solutions of Texas offers coverage to the Sugar Land, TX community, as well as the surrounding areas. For over 20 years, we have helped our clients in the contracting and real estate industries find the coverage they need to be successful. We help simplify the process of searching for insurance. We are confident that we can help you find the right policy to protect your business.

Why Texas Business Owners Need A Strong Workers Compensation Plan

As a Sugar Land, TX business owner, you have to manage a lot of obligations on a regular basis. You have to provide quality service to your customers while also acting in the best interests of your business. Commercial insurance helps make things a little less stressful. Commercial insurance covers your headquarters, equipment, and inventory if they are damaged. You are also covered if your business is impacted by a fire or a natural disaster such as a tornado. Liability coverage protects you if you are held responsible for causing damage or bodily injuries. Commercial insurance also helps you take care of your employees.

Having great employees is a key to maintaining a successful business. Worker’s compensation allows you to show appreciation for your employees. If one of your employees is injured in the workplace, worker’s compensation will cover their injuries and rehabilitation. This allows your employees to focus on getting healthy. If your employee is unable to work, they are still covered through the policy. A strong workers’ compensation policy can help you attract the top talent in the industry. It also helps your business because employee morale should stay high. Everyone knows that they are a valued part of the company.

Insurance Solutions Of Texas Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.  

Home Insurance for Peace of Mind

It’s not a question of if, but when. Home insurance is something that every homeowner in Sugar Land, TX should have for peace of mind. But what are the benefits? Insurance Solutions of Texas can give you a few reasons why home insurance is so important.

What Is Home Insurance?

Home insurance is a policy that covers the full replacement cost of your home, less any deductible. You can also get additional coverage for contents inside the house and other structures on your property, like garages or decks. Homeowners usually pay their premiums monthly to protect themselves from unpredictable scenarios such as fire, theft, vandalism, and severe weather events.

Why Have Home Insurance?

It’s not a question of if, but when something unexpected will happen at your place, so it’s important to be prepared with an emergency fund if there are damages when you’re unable to make repairs; this way, you won’t lose everything— including peace of mind!

Home insurance may be required when you have a mortgage. If you don’t have a mortgage, it may be worth looking into to see if the peace of mind is worth the cost.

Home insurance will cover both your building and personal property according to what’s covered by your policy. Your home might need repairs after an accident or natural disaster like flooding; this type of coverage pays for damages up to certain limitations set in the agreement— which could include structural damage and replacement items inside the house such as furniture, appliances, clothing, and more!

If any damages happen—whether they’re intentional (such as vandalism) or accidental — these too can be taken care of because most policies also provide liability protection on anything.

Are You Looking for Home Insurance?

Home insurance will not stop disasters from happening. However, it will give you the peace of mind associated with knowing that you’re financially safe.

Are you in Sugar Land, TX and looking for home insurance? Contact Insurance Solutions of Texas for more information.

What Are Your Flood Insurance Options in Texas?

If your home is located in a floodplain zone, your mortgage lender will require you to have flood insurance. Even if your home is not located in a designated flood zone, it is still a good idea to have a policy in place since floods can happen anywhere. The flood insurance agents at Insurance Solutions of Texas in Sugar Land, TX, understand the importance of having a flood insurance policy in place to be on the safe side.

The state of Texas is prone to suffering floods, especially if your house is located in a coastal area or in a wide band area that is often referred to as Flash Flood Alley.  

Flood insurance Coverage

A flood insurance policy will cover any damages to your home, including the structure of your house and any outbuildings on the property, due to a flood up to the amount of $250,000. You will need to obtain a separate policy that will cover your personal belongings in the event of a flood, and that coverage can be any amount up to $100,000. Keep in mind, though, that there is a 30-day waiting period before your flood insurance coverage is active when it comes to most flood insurance policies. In other words, do not wait until a storm is on the horizon before you try to obtain a policy.

Call For An Appointment Today

To get your policy started right away, you will want to contact a flood insurance agent you can trust. The flood insurance agents at Insurance Solutions of Texas in Sugar Land, TX can assist you in obtaining your flood insurance policy today so call for an appointment.