EasTex Insurance

Umbrella insurance: Who is it for?

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Extra liability coverage or umbrella insurance is often confused by many insurance holders. Most people claim it is for the wealthy or for companies with huge assets. This common misinterpretation often happens due to the fact that umbrella insurance is "additional coverage." There is also a report that another reason is that it can only be used where the primary home, auto or watercraft insurance is depleted. At EasTex Insurance in Tyler, TX, we help clear the air and answer the title question, "who is it for?"

Who can benefit from umbrella insurance?

The simple answer to this question is "everyone." In fact, umbrella insurance is as vital as any other basic policy. Accidents and lawsuits happen every day, and sometimes we cannot control how much compensation fees we may cough out. If your basic insurance policy is depleted, umbrella insurance can help sort out the rest.

How can umbrella insurance save me?

There are so many instances when umbrella insurance may be of help. For example, if you were involved in an accident where you hit an expensive car and you happen to be at fault, your basic car insurance may not be sufficient to cover for the whole amount being requested. This is where umbrella insurance will come in and clear the rest.

How does umbrella insurance work?

Umbrella insurance is an additional policy to the standard policies that help pay damage, legal fees, medical bills compensation in case a policy is rendered inadequate to cater for the liability costs. Remember, all standard policies have limits.

Umbrella insurance is an essential policy, like any other basic policy. It helps you manage your finances in case of a disaster. To learn more about umbrella insurance, visit EasTex Insurance in Tyler, TX today.

How Often Should You Re-evaluate Your Auto Insurance Coverage?

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Residents of Tyler, TX may be wondering how often they should have their auto insurance policy re-evaluated. At EasTex Insurance, the agents can go over your policy with you to determine whether any changes need to be made. In most cases, having your policy reviewed every couple of years is satisfactory enough to ensure you have the right amount of coverage in place at all times. 

Changes to Your Policy

Any time you make a change to your policy, such as adding a new driver or bundling your policy with your homeowner’s insurance, it’s important that you give your policy a good once over to determine you have all of the coverage you need. Depending on your circumstances, you may have more coverage than necessary.

Paid Your Car Off

If you have paid off your vehicle, you may not be required to carry comprehensive insurance anymore. If that’s the case, you may be able to drop your policy down to collision or PL/PD. While most people choose to retain their collision coverage, PL/PD is an option if you have an older vehicle.

Add or Remove A Vehicle

Adding a new vehicle to your policy or removing one when a child assumes their own coverage is also a good time for a re-evaluation of your policy.

At EasTex Insurance, residents of Tyler, TX, can rely on the agents to answer their questions and give them honest answers about their insurance needs. If you have experienced changes that involve buying a new or used vehicle or having a child move out on their own, you need to schedule an appointment to have your auto insurance policy reviewed. Call today and talk to a reputable agent!

 

Home Insurance Protects More Than Your Home

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While buying and moving into a new home is a big undertaking, have the right amount of home insurance in place can give you peace of mind.  While homeowners rely on home insurance policies to protect in the event of a fire or severe weather damage, the policy provides significantly more coverage than that.  When are looking for a policy, come into EasTex Insurance and talk with our agents.  They can help you with the policy that you need to financially protect your new home in the Tyler, TX area.

As you talk about your new policy, you’ll discover that it does cover damages from a fire or a storm but it goes beyond that.  The home insurance policy will protect of the personal items, including furniture that is in the home.  It also provides coverage for items that are harmed or even stolen when you are away from home.  For instance, if you or your child is studying at the local library and your laptop is stolen or damaged, the home insurance policy will provide funds to repair or replace it.  Policies also include liability protection that goes into effect if someone is injured on the property and claims that you were negligent. 

Home insurance protection also extends to any outbuildings or structures on the property.  This can include patios, gazebos and work sheds.  While home insurance policies provide a lot of financial protection for homeowners, they do not cover everything.  If the home is in a flood-prone area or the risk is even moderate, additional flood insurance will be needed.  Home insurance policies do not cover flood events.

At EasTex Insurance, we diligently work to ensure that our clients in the Tyler, TX area have the home insurance coverage they need.  Visit online then come into the offices to get the answers and the coverage you need.