As a resident of Texas, you aren’t required to purchase flood insurance. However, if you live in a flood zone, it may be a wise investment. It should be noted that if your property is in a high-risk flood zone, your mortgage company may require you to purchase flood insurance as a term in your mortgage. Another reason to consider Flood insurance rests on the fact that flood damage isn’t covered by homeowners or renters insurance policies. Most of us couldn’t afford to replace items that were destroyed or lost in a flood. This is why flood insurance is beneficial for recouping and repairing items that were lost or destroyed in a flood. Although it can cover many things, it’s important to have a fundamental understanding of what’s not covered. Our team at the Great Southern Agency in Tomball, TX is committed to helping people understand flood insurance. This includes understanding what’s not covered as well.
What Is a Flood?
A flood is defined as excess or an overabundance of water on land that is usually dry. It also applies when the land is two or more acres and affects two or more properties.
What’s NOT Covered…
Your National Flood Insurance Program (NFIP) policy covers your physical losses, damage, and the loss of a structure, and your physical belongings within that structure. Although this coverage applies to many things, it doesn’t cover any property or belongings outside of an insured building. This can include trees and plants, as well as septic systems and wells. Walks, decks, and patios aren’t covered, just as fences, seawalls, hot tubs, and swimming pools aren’t covered. Keep in mind that flood coverage can be contextual as well. In other words, the cause of the flood is also a consideration. This means that if a flood occurs due to a human error, it won’t be covered. If you leave the water running in your bathtub and your home floods, it won’t be covered. Conversely, if your sewer backs up and floods due to direct flooding, your insurance will cover the damage.
Texas Residents Should Note…
Disclosure is required by law. Texas residents are required to reveal information about a home or business that has flooded. This is required by law. Sellers must reveal this information to potential buyers. If you have specific questions about what’s covered or not covered by flood insurance. Give us a call. We’re here to answer all of your questions.
One of the key and most important differences between condo and homeowners insurance is that with a condo, you only need to protect the interior of your home and the objects inside of it, whereas, with homeowners insurance, it needs to cover everything from the land to the property itself. Generally, there are two types of condo insurance – individual condo insurance and association insurance. Typically, a condo owner is only responsible for paying insurance for their individual unit, while the association insurance covers public spaces and damage to the building’s exterior. A portion of your monthly or annual dues will likely be used to help subsidize the cost of the association’s insurance policy. Be sure to request a copy and read the fine print of the association’s insurance policy to know exactly what you may be responsible for.
Outside of the aforementioned distinction regarding what a condo owner is responsible for versus a homeowner, the two policies are largely similar. When shopping for condo insurance, be sure to purchase enough liability coverage to protect yourself should someone like a friend or repair person be injured while on your property. Additionally, adequate personal property and dwelling coverage will help protect yourself from having to pay for costly qualified repairs to your unit.
Shopping for a condo insurance policy does not have to be a challenge when you use the team at Great Southern Agency in Tomball, TX. Not only do we take the time to learn about our customers, but also we’ll be with you every step of the way to answer any questions you have. Give us a call today to schedule a no-obligation consultation with one of our talented team members.
Contemplating what will happen to your family in the event of your passing is not an enjoyable task. It’s important to do thorough research about your options in Tomball, TX before choosing a life insurance policy. Here are the common myths about life insurance and the real facts.
I Only Need My Life Insurance Policy to Be Double My Annual Salary
There are factors to put into consideration. Each individual’s situation is different, and the amount of life insurance you need depends on that. You may end up in a situation where you must pay off debts and be a provider for your family for several years.
Life Insurance Is Not Affordable for Me
It’s common for many individuals to over inflate what a term life insurance policy would cost. Contrary to popular belief, life insurance is an affordable option for nearly anyone. The amount of coverage and the type that you’re seeking will determine the cost. You can set up a life insurance plan that suits your budget and then scale up later on.
I Don’t Need Life Insurance as a Stay-at-Home Parent With No Income.
Life insurance is still essential even if you’re a stay-at-home parent without an income. It’s reasonable to assume that you provide services that would otherwise cost thousands of dollars each year to replace. The tasks that you provide may include daily transportation, cooking, and child care, among others.
My Beneficiaries Will Be Subject to Pay Income Taxes on the Life Insurance Payout
Life insurance payouts are typically income-tax-free and are not required to be reported on your tax return. If you were to pass away, your beneficiaries would not have tax implications on the insurance policy proceeds.
Life insurance can seem mind-baffling and complicated, but it doesn’t have to be. You should not go without life insurance unless you have assets that are large enough to cover debts once you’ve passed away. The experts at the Great Southern Agency of Tomball, TX can help you obtain an ideal life insurance policy that will protect your family and your assets.
Contact Great Southern Agency so that we can guide you through the insurance options.
Car insurance is not always cheap, but the state of Texas requires it for a reason. In case of a car accident, insurance will save you a lot of time and money. If you still ask yourself whether you need auto insurance or not, Great Southern Agency, serving clients from Tomball, TX, has prepared a list of reason why getting car insurance is a good idea:
Get Insurance Now To Save Later
The purpose of car insurance is to protect you and your family from huge expenses in a car accident or if something happens to your vehicle. By making a small investment now, you can avoid considerable costs in the future.
Protect Yourself And Others
Proper car insurance protects you, as a driver, your family members, your passengers, and other people involved in a car accident. If an accident happens and you have auto insurance, you do not have to worry about property and bodily injury costs that may arise.
Receive Peace of Mind
Even if you are a cautious and responsible driver, there is still a chance you can get involved in a car accident because of someone else’s mistake and negligence. If you have car insurance, you can be confident that you are fully protected if another driver hits you.
Obey The Law
It is illegal in the state of Texas to drive without proper insurance. If you are caught driving without insurance, most likely you will be ticketed and receive a fine, which could be hundreds of dollars.
If you have decided to purchase auto insurance to protect your vehicle but do not know where to start, Great Southern Agency, serving Tomball, TX, is ready to assist you. Our experienced and highly-qualified agents will answer all your questions and help you find a perfect policy based on your budget and needs. Do not hesitate to contact us today to find out about the insurance options available.
If you own a business, chances are you are managing many different things at once. Choosing the best insurance to cover your commercial business needs can be something you have little time to think about. An independent agent can help take the stress of finding a provider that gives excellent coverage when it comes to liability and employee issues that occur in day to day business matters.
Great Southern Agency in Tomball, TX has agents that take the time to get to know your business and what types of insurance will give you complete protection in the event of lawsuits and other possible scenarios. We care about our clients and will make sure we are always available to discuss options.
Why Choose an Independent Agent?
When choosing an insurance company, independent agencies will be a choice. These agents represent different large and small insurance companies and can offer a variety of insurance solutions. Independent agents will often be more involved in your individual needs and make sure you have well-rounded coverage tailored to your personal requirements for your business or home.
The Best Commercial Insurance Possible
Having agents that talk to you personally can be a significant benefit in the event of lawsuits or accidents. Knowing your agent personally instead of someone you possibly never talk to in a more prominent company, can help make all commercial insurance matters easier to deal with. They can focus on finding the best rates and resolving claims.
The independent insurance agents at Great Southern Agency in Tomball, TX are happy to help you choose a reliable insurance policy that suits your needs. Since we can offer you a range of choices and options, we are sure we can get you great homeowners, life, auto, or other types of coverage. Contact us today.
Great Southern Agency is an independent insurance agency that serves the Tomball, TX community, as well as the surrounding areas. We strive to provide excellent customer service while we help you find the insurance coverage that you are looking for. Our goal is to serve our clients with integrity at all times.
The Importance of Home Insurance
At the Great Southern Agency, we recognize the importance of home insurance. Your home insurance policy provides you with security. You can relax knowing that the insurance will cover your home and your personal items if the house is damaged. There are different types of home insurance policies, which is why it’s crucial that you carefully do your research before making a selection. Here are some common mistakes to avoid while researching different home insurance policies.
Underestimating Your Home’s Value
Be aware that several different factors can impact the value of your home. Take time to evaluate the interior and exterior of your home thoroughly. That will help you identify the true worth of your home.
Forgetting To Inquire About Mold Issues
For most homes, they will inevitably develop some mold over time. Do some research to make sure that the policies that you are inquiring about have some type of mold coverage in them.
Neglecting Liability Coverage
Liability coverage is important, as it protects you if someone is injured while visiting your home. Having liability insurance can potentially save you from having to deal with an unfortunate situation in the future.
Consult With Great Southern Agency
At Great Southern Agency, we are committed to helping our clients find the coverage that they want. Contact our office in Tomball, TX today, or stop by to learn more information about how we can assist you.