Umbrella Insurance Offers Added Protection

 

Umbrella Insurance Offers Added Protection

A Personal Insurance Update

You have worked hard to build a good life for yourself and your family. You own a home, have two cars and a boat, and you might even have a second home. You have also built a financial future for your family with a 401k plan and other investments. One accident can wipe all that out by not having enough insurance.

A personal umbrella policy can protect your assets in the event of a major accident. A personal umbrella policy adds additional limits above your auto and home insurance policies. Let’s face it, litigation resulting from an accident can be costly to you. Think about this, you are having a holiday party, and someone goes home slightly drunk and cause an accident. Think you won’t get sued? Think again.  A lawsuit and all the related expenses could destroy your financial security, but a personal umbrella policy could protect you.

Take some time to add up all your personal assets including; your home, investments, 401k plan, future income, and the value of your personal property. All these are exposed to the possibility to be taken, if you are involved in costly litigation.

Is It Time For An Insurance Check-Up?

Your insurance needs change over time, so it is important to review your policies periodically to make sure they are up-to-date. Tragically, many people are not insured after devastating natural disasters. It’s never too late to do a homeowner’s insurance checkup before the next threat heads your way. This article highlights some important insurance coverage you should consider such as:

Earthquake Insurance

Flood Insurance

Wind Insurance

Steps To Help Secure The Right Coverage

Make sure your homes information is up to date. Your agent should shave to right square footage and replacement value.

Research the replacement cost for new construction in your area.

Have our agency provide you with coverage options for competitive insurance products.

Consider getting a “floater” to your home insurance policy. If you own valuable furs, jewelry, guns, collections, silverware, or artwork, a “floater” can cover the full value of those items. Consider adding building code or ordinance or law endorsement, which will help pay the higher cost of bringing plumbing, wiring, or other key systems up to current codes when rebuilding.

Why Are Your Auto Insurance Premiums Increasing?

An Auto Insurance Update

You may have noticed your auto premiums are increasing. In fact, auto rates are increasing all over the country. The reason for the increases are not what you may think. It is not because the insurance companies want to make more profit, it is due to the overwhelming number of accidents and the cost of these accidents. Most major auto insurers are paying out more in losses than they are taking in premiums.

The two contributing factors are the number of distracted driving accidents, and the cost of repairing newer, technologically sophisticated cars.
Distracted Driving

Distracted driving accidents are increasing in America due to the growing use of hand-held devices.  Too many people are interacting with their phones while driving. Phones and sophisticated dashboard technology are among some of the top activities that lead to accidents.

Driving while using a hand-held device increases the likelihood of a car accident by 400%.

Driver distractions are the leading cause of most vehicle crashes and near-crashes. According to a study released by the National Highway Traffic Safety Administration (NHTSA) and the Virginia Tech Transportation Institute (VTTI), 80% of crashes and 65% of near-crashes involve some form of driver distraction. The distraction occurred within three seconds prior to the vehicle crash!

Here is a link to a good article

Cost of Repairs Are Up Dramatically

Most new cars are designed with sophisticated technology that is expensive to repair.  Even the cost of bumpers has increased over 100% according to the Insurance Information Institute.  Today’s vehicles are equipped with expensive computers that control and monitor hundreds of features on the vehicle.  These computers are typically not repaired, but are replaced, which increases the total cost of the auto repair.

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72% of auto insurance in the United States is with just 10 companies. If you have not had us shop your auto insurance, now is the time.

We Answer Common Home Insurance Questions

Whether you are a new homeowner or have owned your home for a longer period, there’s no doubt you have any questions about homeowner’s insurance. You want to protect your home, your possessions, and your family. Below are five of the most frequently asked questions about homeowner’s insurance.

As a homeowner, am I required to have insurance? Yes, in most cases, especially if you have a lender. It’s also wise to look into insurance if you are in the process of constructing your home and even renting your home to someone else.

What types of coverage does homeowner insurance provide? Two types casually, which covers the home and contents, and liability, which covers anyone who is injured on your property. With both types, the amount of coverage depends on the policy.

Will the replacement cost be the same as the sale price of my home? No. The replacement cost will cover the amount needed to replace the structure and/or contents. Replacement cost is usually calculated based on the individual policies formula. It’s wise to take inventory and photographs of your home and contents.

Will homeowner insurance cover damage or theft outside of my home? It depends on the policy. Sometimes standard policies offer this kind of coverage, but if not, ask if purchasing the coverage at additional costs is an option.

Are home-based businesses covered under homeowner insurance? No, unless you qualify for an endorsement to your current homeowner insurance policy. Otherwise, look into getting a business owners insurance policy.

Of course, homeowners will have more questions about homeowner insurance particular to their own situations (including protection against the elements, possessions that are no longer in the home, contents of vehicles, etc.). When searching for a homeowner insurance policy, be sure to ask about coverage relevant and beneficial to your own situation.

Are Burglars Looking At Your Home?

A Personal Insurance Update

Your homeowner’s insurance may provide protection and help you recover from a loss.  However, it is very important to have the right kind of home insurance to cover these kinds of claims.  Call us for a free review.

Interesting Facts About Burglaries

Burglars do not travel far. The typical burglar lives within two miles of their victims.

Over 90 percent of burglars are male.

Dogs are not the same as a home security system.

95% of burglars are under the age of 25.

A large percent of burglars use an open door or window to enter your home.

Homes that have a security system are not as attractive to burglars.

What Can a Homeowner Do to Prevent Burglaries?

While nothing is 100% guaranteed there are measures you can take to reduce the likelihood of being a victim of a burglary.

Leave lights on when gone.

Have timers on outside lights.

Get a security system.

Never leave a door or window unlocked.

When traveling, do not post vacation pictures or information on social media until you return home.

Reduce landscaping around doors and windows.

Tell your neighbors to watch your home while you are on vacation.

Our agents have access to more carriers and more plans, and that means that they have more options – including multiple policy discounts and preferred premium pricing – to create the best possible combination of coverage to protect your family while lowering your costs.

Home Safety for the Holiday Traveler

Home Safety Tips

Many people will be traveling this holiday–in fact about 98 million according to travel experts.  After you have packed your bags and planned your itinerary, you still need to consider how to best protect your home while on vacation. But leaving home more often demands a dutiful travel safety checklist that includes precautionary measures to help keep your home safe and secure when you head out.

Remember to get a homeowner’s insurance checkup before you go.  We can help to make sure you have the best possible combination of coverage, price, and service.

If you are planning to vacation during the holidays, here are few thoughts to consider:

Get a security system.

Trim landscaping that is too close to your house.

Don’t advertise your vacation on social media.

Cancel mail and other deliveries.

Have a neighbor check on your home.

Always lock your garden sheds and garages.

Use a variable light timer to activate lights inside your home.

Lock all doors and windows.

Have adequate exterior lighting.

Never put your home address on your luggage tags. Write your phone number instead.

Set automatic timers to turn your lights and a radio on and off.

Happy Holidays!

Holiday Shopping Safety

Holiday Shopping Safety

Personal Insurance and Safety Update

Halloween is over and that means we are in the middle of the holiday season.  During the next 60 days, we will all be busy shopping, eating out, and traveling.  Thieves know that the police are overloaded during the holiday season, and they take full advantage it.  Burglars know that there are many expensive items in homes and cars during the holidays.

Your home or renter’s insurance will provide coverage for theft or loss if you have the coverage. Now would be a good time to call us for a free personal insurance review. Whether you are holiday shopping at the mall, online, or a little of both, keeping yourself and your personal information safe is important.  Here are a few holiday shopping safety tips:

Holiday Shopping Safety

Always be aware of your surroundings.

Lock your shopping bags in your trunk.

Never allow children to make unaccompanied trips to the restroom.

Never leave car doors unlocked or windows open.

Always park in lighted areas. DO NOT park in remote areas.

Shop with a friend.

Teach your child to go to a store clerk and ask for help in case your child is separated from you.

Avoid wearing expensive jewelry.

Keep receipts in your wallet or purse.

Avoid carrying large amounts of cash.

As you return to your car, make sure to keep your car key in your hand.

 

Home Insurance Update

Many homeowners have experienced premium increases. Our agency works very hard to bring our clients the best possible combination of premiums, coverage and service.

What Can We Do To Help?

We are an independent agency.  This allows us to search the market for the best possible combination of premiums, coverage and service. We compare insurance company’s rates and use the competitive market to your advantage. Here are some ways to save on your premiums:

  • Purchase all your insure through our agency
  • Ask us about additional discounts
  • Consider increasing your deductible
  • Keep your home well maintained
  • Replace your roof, water heater and other equipment when needed
  • Review your policy regularly- you may not need the same kind of coverage you did a few years ago

Remember to call our office today. We will work hard for you.

Personal Insurance In Texas

With more than 75 years of combined insurance experience, Davidson Stewart Morelock Independent Insurance Group, LLC (Davidson Stewart Morelock) was founded with the mission to provide exceptional customer service and comprehensive insurance coverage to its valued customers through each stage of their lives.

As an independent insurance agency, we are able to offer the best auto, property, life, health, and business insurance rates and coverage options in Dallas, including coverage options from top insurance carriers such as Progressive, Travelers, MetLife, Safeco, and many more.

Little Known Home Hazards

A Homeowners Insurance Update

We all know how to keep our home safe from fires, burglars and other major homeowner’s risks. Your homeowner’s insurance covers many different kinds of losses. Cooking, candles, and smoking are the biggest causes of house fires in the United States. However, there are a few hazards around the home that many of us don’t think about.

9volt Batteries

9volt batteries can create fire when exposed to many kinds of metal. Keep 9volt batteries stored in a plastic container.

Smoke Alarms That Are Not Working

A large percentage of homes fires go un-noticed because of smoke alarms that don’t work. A working smoke alarm can be your best defense to notify you of a fire.

Dryers

Over 20% of home fires start as a result of poorly vented or dust filled dryer vents. Check your dryer vent every time you use your dryer.

Candles

Candles left unattended are also a major cause of home fires. If you use candles, make sure they are kept away from flammable items and blow out before you leave the room.