Why You Should Bundle Your Home and Auto Insurance

Most people have multiple insurance policies for the things in their lives. They may have renter’s or homeowner’s insurance. They may have insurance for their vehicle. If they have recreational vehicles, they may have insurance for that. If you have multiple policies, you might want to consider bundling your insurance policies.

It is often cheaper to bundle your different insurances. Many companies will decrease the cost if you bundle more than one type of insurance. Some companies will knock off up to twenty-five percent of the policy in order to get you to do more business with them! 

It is also easier to have one insurance company, instead of having multiples. This will allow you to see your plans, make claims, and pay your fee all in one place! If you would rather have automatic payments, you will have fewer places to store your personal information. 

If you have multiple policies, you will be more likely to be dropped by your insurance company. Most companies will drop those who file a lot of claims. You should only file a claim every few years. More than that, you could get dropped. However, they are less likely to drop you if you have multiple policies with them. 

Many people shop around when they look for insurance for their needs. They consider bundling and going with one company for all of their needs. This is often easier and cheaper! 

If you want to talk about bundling your home and auto insurance (or any other insurance), don’t hesitate to contact us today at All-Tex Insurance in Granbury, TX.

How much commercial insurance do I need in Texas?

Unlike most states that require small businesses to carry workers’ compensation insurance, Texas does not. However, just because it isn’t required does not mean that you shouldn’t carry any workers’ compensation coverage, as it helps pay for the medical bills, legal fees if sued, and other expenses associated with an employee being unable to work due to a workplace injury or illness. The only exception to the rule not requiring workers’ compensation insurance is if you contract with a government entity. Similar to other states, Texas does require commercial auto insurance for any business-owned vehicles with at least the below minimum coverages:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

If you own a trucking company, you may be required to have additional insurance to comply with government and state regulations.

In addition to workers’ compensation and commercial auto insurance, businesses in Texas can also opt for additional coverages for better protection. As an example, cyber liability insurance should be purchased by any business at risk of a cyber attack because it stores protected information such as credit card numbers, social security numbers, or healthcare data that a threat actor could easily exploit.

With so many options for commercial insurance, it can be hard to know what policies your business needs. Luckily, the team at All-Tex Insurance in Granbury, TX is ready to assist. With years of experience in the insurance industry, we know the complexities better than most. We can customize a commercial insurance policy that best protects your business and you from liability. 

Do You Need Extra Homeowners Insurance For Valuable Items? How To Decide

When you’re choosing a homeowner’s insurance policy, it can be hard to figure out what level of coverage makes the most sense for your needs. If you own valuable items that you store inside your home, it may make sense to take out additional coverage. Here, we’ll explore how to decide whether you need extra coverage for your valuables. 

Get An Appraisal

It can be tough to know how much your valuables are worth, especially when items have sentimental value. Having your valuables appraised can help you decide whether you need a larger homeowner’s insurance policy to ensure that your valuables are protected. 

Consider Crime Rates

Learn more about the crime rate in your area to discover how likely it is that your home could be broken into. If your neighborhood has a high rate of break-ins, you may want to consider taking out a larger policy to ensure that your valuables are fully protected. 

Read Your Current Insurance Policy

If your current homeowner’s insurance policy already provides enough protection for what you own, there’s no reason to take out a new policy. Talk with an insurance agent about the level of coverage you have currently, and discuss whether it makes sense to upgrade. If you purchase or acquire a pricey item, talk with your insurance agent about whether your new item requires additional coverage. 

Need Homeowner’s Insurance? All-Tex Can Help. 

All-Tex Insurance, serving Granbury, TX, can help you choose the right homeowner’s insurance policy for your needs. Reach out or stop in today to chat with an agent about how to ensure that your belongings and your home are protected. 

Commercial Umbrella Insurance Overview

All-Tex Insurance serves the Granbury, TX community, as well as the surrounding areas. We offer multiple types of coverage. We are committed to helping our clients find policies that will help them navigate life’s risks. We are here to help simplify the process of finding the right insurance policy.

Commercial Umbrella Insurance Overview

Umbrella insurance is designed to cover you in severe emergencies. It’s a supplemental form of coverage that steps in once you have reached your liability limits on another type of insurance. Umbrella insurance is often used to assist in home or auto liability disputes. If you are a Granbury, TX business owner, umbrella insurance can help protect your investment. Perhaps a customer is visiting your store, and they slip on a wet spot, tearing ligaments in their knee. Your business is liable for their treatment and rehabilitation. If you don’t have enough liability insurance, your assets are at risk. In this situation, umbrella insurance would step in once you have exhausted your liability limit to protect your investment.

Umbrella insurance can also protect your business if a customer alleges that one of your products or services caused them. Potential litigation may become complicated. Umbrella insurance can prevent you from losing everything. If you are a restaurant owner, and you serve alcohol, you are also vulnerable to potential litigation. Perhaps you serve a patron one too many drinks, and they decide to operate a vehicle later on and cause an accident. Your business may be held liable for the damages. Luckily, umbrella insurance provides a safety net.

All-Tex Insurance Will Help You Protect Your Investment

Visit our website to learn more information about umbrella insurance.  

What is an Umbrella Policy?

Insurance can be overwhelming if you think about it. You are going to need homeowners insurance if you have a home. If you have a vehicle, you also need to make sure that you have insurance for that too. 

Many people go with the cheapest policy that they can get. However, that can be a mistake. You want to make sure that you are fully protected, no matter what happens. In order to do this, you need to know exactly what your policy says, so that you know what is covered (and what isn’t). 

That being said, the best policy in the world may not be enough. For this reason, you may want to consider getting an umbrella policy. But before you do that, you need to know what that is. 

So, what is umbrella insurance? 

In easy terms, an umbrella policy could be considered extra insurance. It is used to protect you and your assets from a liability claim. It will protect you against bodily injury and personal property claims. 

You need to remember that it is added to your current policy. It can’t be used in place of a normal policy. It will kick in once you reach your liability limits on your regular insurance (whether it is your homeowners, automobile, or business insurance). 

You may want to think about it as an additional layer of coverage to your current policies. The thing to remember is that, since everyone is different, the best way to make sure that you are fully protected is by talking to an experienced insurance company. 

If you live in Granbury, TX, don’t hesitate to contact us at All-Tex Insurance. We would love to be able to help you with all of your insurance needs. 

How Much Auto Insurance Should I Buy?

You faithfully renew your car insurance every year, but have you thought about the amount of car insurance you need? Is your auto insurance enough to pay for your SUV’s damage when your teenage son drives it through a garage? Will your car insurance cover you sufficiently if you cause bodily injury to a pedestrian?

If you are unsure about how much auto insurance you need, keep reading as All-Tex Insurance of Granbury, TX sheds more light on the amount of car insurance sufficient for you.

Minimum auto insurance required in Texas

Before going far, let’s first explore the basic auto insurance required by Texas. The state-required auto insurance forms the minimum amount of car insurance you should hold at any given time. In Texas, motorists are required to have auto insurance that meets the below requirements:

  • Bodily injury liability of a minimum of $30,000 per person and twice the amount for accidents involving many victims
  • Property damage liability of $25,000 per accident
  • PIP of $2,500 though you can reject in writing

As you can see, the limits for the state-required auto insurance coverage are limited. It’s for this reason we ask our clients to increase limits.

How much liability insurance should I have?

The amount of liability coverage you should have should assume the worst-case scenario: a severe accident. Though liability insurance doesn’t protect your car, it cushions your finances. We usually advise clients to have a combined bodily injury and property damage liability of at least $500,000. However, should you require additional coverage, we recommend you invest in umbrella insurance.

How much collision or comprehensive coverage should you have?

How many repairs can you handle without insurance in case of an accident or a peril like a hailstorm? But what about a total loss? Can you handle the replacement of your car out-of-pocket? When deciding how much collision and comprehensive coverage you need, think about the work case scenario: a total loss. Then, get coverage that covers you beyond what you can handle from the pocket.

Are you ready for car insurance in Granbury, TX? Don’t hesitate to contact All-Tex Insurance for an affordable quote.

Types of Commercial Insurance

If you operate a business within Granbury, TX, getting the correct type of commercial insurance will be a crucial part of helping your business succeed. Commercial policies help you protect your employees, your business’s property, and your customers. Deciding on the right type of coverage may unfortunately not be an easy task, an area that All-Tex Insurance can help with. Below, we discuss types of commercial insurance to consider purchasing.

Property Insurance

Property insurance protects your buildings and the contents within when covered perils arise and cause damage or losses. Examples of these hazards include fire, theft, or hail. When either of these happens, property insurance covers your costs of property repair and replacement costs.

General Liability

General liability protects you when your customers are injured at your workplace. It will help you cover the treatment costs and legal fees when you are sued for harm caused. In addition to this, general liability will also come in handy when you face claims related to advertising injury, including libel and copyright infringement lawsuits.

Commercial Auto Insurance

Commercial auto insurance will come in handy when you own vehicles registered in your business name. If you or your workers get into an accident while delivering products, commercial auto insurance will cover the costs of vehicle repairs and replacement.

Worker’s Compensation Insurance

If you have more than one employee in your business, worker’s compensation insurance will help you protect your labor force. When your employees get bodily harm during business hours, this policy enables you to pay for the rising consultation or treatment expenses.

Cyber Liability Insurance

Cyber liability insurance provides coverage when your business experiences data breaches. It will help you pay for costs such as client notification expenses, monitoring costs, and legal fees when your stakeholders sue you.

Professional Liability Insurance

Professional liability insurance protects you from errors and omissions. This policy will prove helpful when you offer services, with companies such as legal practices, accounting firms, and real estate practices often benefiting from its protection.

If you need any of the listed commercial policies to protect your Granbury, TX business, consider giving All-Tex Insurance a call today.

Three Interesting Facts About Home Insurance

At All-Tex Insurance, we help Granbury, TX, residents take care of their insurance needs. And we can provide you with excellent home insurance that minimizes your financial damage. Read on to understand three essential and interesting facts about your policy. 

Fact 1: Home Maintenance Helps Minimize Claims 

While your insurance does not cover regular day-to-day maintenance, they may end up giving you some bonuses if you keep your home maintained. That’s because they know that you are taking care of your house and doing what you can to minimize any serious issue. 

Fact 2: Dogs May Cause Home Insurance Issues 

Home insurance companies may have a hard time providing policies to dog owners. Some might even exclude many large dogs, like an Akita, Boxer, Doberman Pinscher, or German Shepherd. Why? These dogs are big, often cause a lot of damage, and may not be suitable for a home that needs a lot of insurance. 

Fact 3: Sometimes, It Is Better Not to Make a Claim 

This fact may be hard for some people to accept. Why wouldn’t you want to make a claim on home damage? Too many claims in a short period may end up affecting your insurance rate. That’s why it is usually best to make one big claim for repairs and to cover the costs of more minor issues. Doing so can save you money on your premiums.

Understanding Your Policy Options 

If you think you need help with home insurance and want to make sure everything goes as smoothly as possible for you, it is wise to call us at All-Tex Insurance. We cover the Granbury, TX, area and can provide you with the high-quality coverage needed to keep your home safe from damage. We look forward to working with you!

What is Umbrella Insurance?

Umbrella insurance is primarily concerned with liability. Sometimes, the liability section of standard home, auto, and commercial insurance is not enough to cover you in the face of excess liability if you are legally liable. All-Tex insurance serving the city of Granbury, TX is here to assist you to make sure that you have sufficient coverage in the event of a figurative downpour.

What is umbrella insurance exactly? Umbrella insurance, much like the name implies, is insurance that is designed to protect you against unforeseen excessive liability not covered by your traditional personal or commercial liability policies. Liability insurance is for personal injuries or property damage, for which you are legally responsible.

Almost all types of policies, including personal, commercial, and auto insurance policies, offer a certain amount of liability coverage, but it may not be enough and, therefore, it is worthwhile to consider additional umbrella insurance. If you had to imagine your insurance policies all standing side by side, then umbrella insurance would be placed above those to provide extra protection. The equivalent of an umbrella, in an unexpected cloud burst of rain, keeping you that little bit drier. You will not always use your umbrella insurance. It will only come into play when the limits of your standard policies have been exhausted.

There are variations to umbrella insurance. Some umbrella policies offer the additional financial protection of paying for defense in the event of a liability lawsuit. It is worthwhile reviewing your policy and asking your insurance agent if it is included.

Umbrella insurance is there to cover the gaps so don’t hesitate. If you believe that you have insufficient liability insurance for yourself or your business, then contact All-Tex Insurance serving Granbury, TX today and secure peace of mind.

Why basic auto insurance isn’t always the right choice

In the state of Texas, you don’t actually need to have auto insurance; you do however have to prove that you could pay for any damage that you might cause in an accident where you are at fault. For the average person, the easiest way to prove that is to actually have insurance.  At All-Tex Insurance in Granbury, TX, we are locally owned and operated and work with multiple carriers to provide our customers with the most choices at the best prices. 

The basic amount of liability coverage you should have in Texas is 30/60/25. That is $30,000 for injuries sustained by the first injured person in an accident with a max of $60,000 for all injuries and $25,000 for damage to property. Why this might not be the right choice is that with the steep rise in medical costs, it doesn’t take long to blow through $60,000. If the cost of the injuries goes over that, you could be paying out of pocket which might prove to be a hardship. Why put your hard-earned assets at risk? 

While liability coverage protects others from you, what about your vehicle? If it is damaged in an accident where you are at fault, you will need to pay for the repairs or possibly the replacement of your vehicle. If you still owe on your vehicle, you are liable for that as well. If you have collision coverage, it will pay to have your vehicle repaired or replaced so that you can carry on normally. 

What if your vehicle is stolen or damaged by something that is beyond your control. Again, you would be responsible to repair or replace it. Not everyone can afford to do that.  When you count on your vehicle every day, you need to make sure you have more than basic auto insurance. 

Contact All-Tex Insurance in Granbury, TX when you are ready to discuss your auto insurance needs.