Driving Without Insurance is Against the Law – Get Auto Insurance!

Only two states in the country do not require car insurance. Unless you live in Virginia or New Hampshire, you need it. If you live in or near the Granbury, TX area, All-Tex Insurance can help you.

Auto insurance provides financial protection. If you are at fault in an accident, you could be held responsible for associated costs.

Types of Auto Insurance

Liability coverage helps pay for the legal costs, the injured party’s medical costs, or their lost wages if they are unable to work. It also provides coverage if you cause damage to their vehicle.

Collision coverage protects your car if you hit another vehicle or object.

Comprehensive coverage will protect your car against unexpected damage such as hitting an animal or a tree branch falling on it.

Uninsured/underinsured motorist is protection for when a driver hits you and they do not have auto insurance or very little of it.

Personal injury protection covers your medical bills and those of your passengers, regardless of who is at fault.

Each state mandates different types of insurance coverage. There are several additional options available, such as gap insurance, which covers the difference between what your car is worth and the amount you owe for it. Most basic car insurance policies include bodily injury liability, PIP, or personal injury protection, property damage liability, collision, comprehensive, and uninsured/underinsured motorist.

Get Auto Insurance Today

So, unless you are a resident of New Hampshire or Virginia, make sure you are obeying the law by having car insurance. You risk your financial future without it.

If you are a resident of Granbury, TX, contact the specialists at All-Tex Insurance today to receive a no-obligation quote or answers to any questions you may have. You will be glad you did.

Four types of commercial insurance your company may need

When you purchase commercial insurance for your company, you need to decide which types of coverage your company needs. At All-Tex Insurance, we can assist business owners in Granbury, TX with evaluating their commercial insurance options. 

You need to know what types of commercial insurance are available.

The following are four of the most common types of commercial insurance coverage:

Commercial liability insurance

Commercial liability insurance covers costs your company has to face if a lawsuit is filed against you. Liability insurance provides coverage for many different types of expenses that can come up, including "advertising injury", medical expenses resulting from injuries, and property damage.

Commercial liability insurance is one of the most basic types of coverage that is typically included on all commercial insurance policies. 

Commercial auto insurance

If you use vehicles for business operations, it’s essential that you include commercial auto insurance in your commercial policy. You are not supposed to use personal vehicles for business operations unless you have purchased commercial auto coverage. 

Workers compensation insurance

Companies with employees often need to purchase workers compensation insurance. Whether you are legally required to carry workers compensation insurance depends on factors including the state in which you do business and the number of employees on your staff. 

Business interruption insurance

Business interruption insurance compensates you if your income flow is interrupted due to an event such as a storm or natural disaster that shuts down your commercial facility. 

Give Us A Call

If you have questions about the types of commercial insurance that are available, we’re here to answer them at All-Tex Insurance in Granbury, TX. Rely on our insurance agency to get the coverage that your business needs. 

Updating Your Home Policy After Renovations

At All-Tex Insurance, we know that when you purchase an insurance policy, especially a home policy, you expect it to cover everything forever. We make it easier to protect your Granbury, TX home with home insurance that provides the necessary coverage.

Renovations & Home Policy Updates

Your home policy provides protection for your home, but each policy includes policy limits. These limits come from the value of your home when you purchased it. During the purchasing process, the home undergoes an appraisal that sets its value. If you do anything to amend its value, you also need to amend the insurance policy to cover the improvements.

What do we mean?

If you remodel or renovate your home, you increase its value. Your insurance policy set the coverage limits according to the original home value. If something happens to your home, your coverage only provides the value up to the policy limits, which equals the purchase price, or the current home value as based on the purchase price.

Your renovations added value to the home. If you resold it before the event occurred that caused you to need to make a claim, you would have received a purchase price greater than the one you paid for it.

Let’s say you added a new metal roof and re-did the kitchen. You’d recoup 80 to 90 percent of the expenses for doing so when you re-sold the home.

So, when you remodel or renovate, you need to contact your insurance agent to update your policy. They may ask for a virtual tour of your home using Zoom or GoToMeeting.

Give Us A Call

Contact All-Tex Insurance serving the greater Granbury, TX community for more information or to apprise your insurance agent of your plans to renovate your home.

Is umbrella insurance only for the wealthy?

Many myths surround umbrella insurance. One of them is that it is only for the wealthy. At All-Tex Insurance in Granbury, TX we like to think that we are myth busters and want our customers to understand the benefits of umbrella insurance for them. As independent insurance agents, we have a lot to offer and we understand that we work for you. We do our best to make sure you get the right insurance products.  

Is umbrella insurance only for the wealthy?

Before you can answer the question, you need to understand what umbrella insurance is. It is excess liability insurance. What that means is that it adds an additional layer of protection to any policy or policies that you have which includes liability coverage. Umbrella insurance is not a stand-alone policy, you need to have a primary policy that it can supplement. 

Liability insurance is the type of coverage that protects you from having to pay out of pocket for injuries that you cause or are responsible for. Many different types of policies have liability coverage as part of their components. Most people have one or more of them. Auto, motorcycle, boat, RV, commercial, home, condo, and renters all have liability coverage. 

Most basic insurance policies have pretty basic liability coverage. An accident can result in major expenses for a hospital stay, not to mention if the person injured decides to sue.  You work hard for whatever wealth you have accumulated and you could lose it all if the judgment ends up exceeding your liability coverage. Umbrella insurance adds an additional million dollars minimum to whatever your primary policy has. That is enough liability coverage to at least let you sleep at night. 

So no, you don’t need to be wealthy, you just need to have some assets. 

Give Us A Call

Contact All-Tex Insurance in Granbury, TX to discuss what umbrella insurance can bring for your financial security. 

What Is The Difference Between Liability And Full Coverage Auto Insurance?

Liability coverage can be thought of as the minimum amount of coverage that you must purchase to drive legally in the United States. Full coverage, on the other hand, typically includes liability coverage as well as other types of coverage such as comprehensive, medical, and bodily injury coverage. Consult with All-Tex Insurance in Granbury, TX for expert insurance advice.

More on Liability and Full Coverage Auto Insurance 

Liability coverage only protects you from financial responsibility if you cause an accident. Let’s say that if you’re driving to work and rear-end a car at a stoplight, the other driver will likely want to be compensated for the damages to their car. If they’re hurt they may want compensation for medical bills. These expenditures will be partially covered by liability coverage. 

Full coverage protects you against legal responsibility as well as material damage to your vehicle. Your liability insurance will pay for any damages you make to another person or their property, regardless of the person at fault. 

Full coverage or “all hazard” coverage includes liability coverage and often comes with additional cost. It may include things like emergency medical expenses, towing and rental car expenses, or a hotel stay if you’re repairing the car. 

Some full coverage policies include things like trip interruption coverage, or even lost wages if you are unable to work because of an accident. These benefits are often only available if you purchase them as an add-on to your policy. 

Give Us A Call

Full coverage auto insurance includes liability coverage, but it also includes coverage for things like towing, rental car, and medical expenses if you are in an accident that wasn’t your fault. 

Many experts recommend that you have at least liability coverage on your policy, but it’s especially important if your car has high value or you have family members riding in it. You can usually increase your liability limits for a small monthly premium. Get expert insurance advice by contacting our agents at All-Tex Insurance in Granbury, TX.

Debunking Common Commercial Property Insurance Myths

When it comes to commercial property insurance, there are a lot of myths floating around. Unfortunately, these myths can lead business owners to make costly mistakes when it comes to protecting their property. All-Tex Insurance in Granbury, TX provides this guide to debunk some of the most common commercial property insurance myths so that you can make informed decisions about your coverage.

Commercial Property Insurance Myths: What You Need To Know

1. Myth: Commercial Property Insurance Is Too Expensive

There’s no denying that commercial property insurance can be costly, but the price tag is often worth it. This type of coverage can protect your business from various potential disasters, including fires, theft, and severe weather. While you may be tempted to save money by skimping on your coverage, this could cost you more in the long run if you file a claim.

2. Myth: My Business Is Too Small to Need Commercial Property Insurance

Many business owners assume that commercial property insurance is only for large businesses. However, this isn’t the case. Even if you have a small business, it’s important to have adequate coverage in place. Your business property is likely one of your most valuable assets, so it’s worth protecting.

3. Myth: All Commercial Property Insurance Is the Same

When it comes to commercial property insurance, there is no one-size-fits-all solution. The type and amount of coverage you need will depend on various factors, including the size and location of your business, the value of your property, and the types of risks you face. It’s important to work with an experienced insurance agent to find a policy that meets your specific needs.

4. Myth: My Landlord’s Insurance Will Cover My Business Property

If you’re renting commercial space, you may assume that your landlord’s insurance will cover your property. However, this is usually not the case. Most landlord insurance policies only cover the building itself, not the contents or equipment inside. That means if your business property is damaged or destroyed, you could be left to foot the bill.

If you’re a business owner, it’s important to make sure you have adequate commercial property insurance in place. Don’t let myths about cost or coverage lead you to make costly mistakes. Work with an experienced All-Tex Insurance agent in Granbury, TX to find the right policy for your business. Call us today to get a free quote.

Umbrella insurance provides effective liability protection

If you own a business in the Granbury, TX area, it’s time to get to know the team at All-Tex Insurance. Our team can help you with all of your commercial insurance needs, including umbrella policies. Call us today and schedule a consultation. We look forward to working with you.

Liability protection from an umbrella policy

When it comes to liability protection for a commercial entity, an umbrella policy is typically the most effective way to put this coverage in place. Liability and the financial responsibility for damage and losses can absolutely destroy a business’s bottom line. Especially in the current litigious environment.

With an umbrella policy, a firm is able to protect its current and future interests. When and if the primary policy is exhausted, it is then possible to rely on the umbrella policy for liability protection. Sadly, without such a policy in place, one egregious lawsuit could be enough to ruin a company.

Sitting down with a commercial insurance partner is the most effective way to determine how best to protect a business’s interests. Determining the appropriate level of protection that is necessary is the first step. Next, finding the right policy that reaches that level and is a good fit with the primary policy is required.

Working with a trusted advisor can help to ensure that the process goes smoothly and correctly. Any business that operates in an industry where lawsuits are common needs to have robust protection.

Get in touch with us today!

All-Tex Insurance is here to provide insurance services to the greater Granbury, TX business community. We look forward to working with your company and helping you get the liability protection that will protect you now and in the future. Call the office today and set up a consultation. 

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.