Other Insurance Options
Texas residents face an array of insurance options to protect their investments; some are required by law, some are considered standard, and others are just recommended. Deciding on the right type of policy for your specific situation can be a big challenge. To get the best deal for your money, talk to someone at a local independent agency like Strack Insurance Services, and compare quotes online to get an idea of what you can expect to cover your insurance needs.
Shopping for mobile home insurance is much like purchasing home insurance for your property. When looking for insurance to cover your mobile home, make sure to find out exactly what the policy covers before you sign the dotted line. Flood insurance, for example, usually isn't covered by standard property insurance policies, but if you live in a flood-prone area, it might be worth it to purchase add-on water damage protection.
Anyone who operates a motor vehicle in Texas is required by law to maintain a minimum level of liability insurance to cover damages to other vehicles in case of an accident for which they are at fault. Motorcycle insurance policies are much like auto insurance policies. You can choose to purchase minimum liability coverage, or you can protect yourself more by purchasing a policy that will cover your medical expenses and damages to your motorcycle in accidents involving an underinsured or uninsured driver.
If you own a watercraft, you have a litany of boat insurance options through which to sort. Inland policies and policies covering boats in the Gulf of Mexico vary widely because these different types of boating present different risks. For example, a boater in the Arlington area won't be at risk for hurricanes as a boater in the Houston area would. Talk to an agent to make sure you have the coverage you need without paying for unnecessary insurance.
RV's and Travel Trailers
RV insurance coverage is also very similar to auto insurance, with one notable exception: Motor Home, boats, motorcycles, and stand alone travel trailers are usually annual policies and some trailers can even be added to an existing auto policy. Motor homes are required to be covered by a minimum amount of liability insurance, just like automobiles. Trailers that are paid for aren't required to carry comprehensive and collision coverage but if you owe money on it most likely your lender will require you to carry it. In years past most companies extended your liability to a trailer while you are towing it but now some companies in Texas are excluding liability coverage from trailers not listed on an auto policy. This means you also might need liability insurance while they are being towed down the road and when they are parked either at home, campsite or being stored. What if a visitor trips inside your 5th wheel while it is parked and unhooked at a campsite? What if your trailer were blown over on a passer by at your campsite or even at the local public storage where you leave it in the off season. It is possible you might have coverage under your home owners policy liability but what if you sold your home to buy the trailer and travel the country, but purchasing insurance to cover them is a smart choice.
ATVs have slightly different state requirements than motorcycles, depending on the size of the motor and the location where you're planning to drive them. If you're driving your ATV on public roads, you will need to meet minimum liability requirements.
Life and Health Insurance
Life insurance and health insurance are sticky topics today, but they need to be addressed. If your employer doesn't provide health or life insurance coverage, you'll want to talk to an expert about your options in order to get up-to-date information on a subject that's changing by the minute.
Protect Your Home from Flood Damage in Texas
Texas Homeowner’s insurance policies don't provide coverage for floods but floods cause millions of dollars of destruction each year, often damaging homes beyond repair and forcing homeowners to pay for repairs out-of-pocket. Many Texas residents live in floodplains or other high-risk areas.
Even if you don't live in a flood plain, an unexpected flood or other water-related incident could cause costly damage to your property.
Flood damages vary more widely than you might think. According to most insurance regulatory boards, "flood damages" include the following:
- An overflow of ponds, lakes or tidal waters
- Rapid runoff of water from any source
- Collapse of land around a natural body of water caused by erosion that results in an uncontrolled flow of water
The good news? Flood insurance is available and chances are it won't break the bank. Policies are sold through local agents but come from the Federal Government under the National Flood Insurance Program.
In 1968, Congress passed a bill that put the National Flood Insurance Program into action. This program requires a community's agreement; to build homes and businesses to a federally approved standard means to withstand flooding. In return, the federal government makes flood insurance available to residents at a lower price. You can find out whether you're eligible for this program by talking to your insurance agent about options for your area.
To find out what's available to you, whether your live in Fort Worth, Arlington or Dallas County, your best bet is to talk to an expert at a local independent agency like Strack Insurance Services. They'll be able to ask specific questions about your situation, assess the area in which you live, and recommend the best deal on flood insurance that will keep your property safe without breaking the bank.