What To Do After A Total Loss Auto Accident

by Administrator 28. August 2018 11:35

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Insurance FAQs For First Time Home Buyers

by Administrator 17. August 2018 05:41

First time home insurance buyers have so many questions pertaining to the best policy for their needs. Being armed with the right information is the first step towards making the right decision in this regard. Following are some frequently asked questions about insurance that can be helpful for those buying a house for the first time:

  • What Is Homeowners Insurance? Homeowners insurance is a policy which protects a homeowner from losses to their house and the possessions in it from unexpected damage or any other type of loss.
  • When To Buy A Policy? You can buy an insurance policy for your home even after purchasing the house. In case you have taken a loan on your house, the mortgage company may require your home to be insured before granting the loan.
  • What Will The Insurance Policy Cover? Home insurance policies generally cover losses that result from damage to the property, property loss, living expenses and personal liabilities. The damage can be partial or total. Losses caused by natural disasters like fires, windstorms, lightning, hail or man-made factors like burglary, theft, riots, vandalism, etc. are covered. Medical payments coverage is required for medical treatment of the owner or anyone else visiting the property at the time of a calamity/accident. Living expenses refer to the costs of an alternate accommodation due to a disaster. You can add a rider policy to your home insurance for added coverage on items of high value.
  • Which Factors Will Determine The Amount To Be Paid? To determine the amount to be paid, home insurance providers consider factors like credit score, claims history of the individual and the area of residence, location, age of home, rebuilding costs, pets, distance from a fire department or hydrant and the selected coverages.
  • Can I Save Some Money On Insurance? Yes. Ask your insurance provider whether there are any discounts being offered. Some insurance providers offer discounts to those who own homes with additional features like a security system. Another hack for cutting down the insurance costs is to raise your deductible in order to lower the premium amount.
  • How To Choose The Right Insurance Provider? Insurance carriers vary in terms of coverage and cost so take out some time to search around in person and on the internet to find the right provider. Compare quotes from different insurance companies and preferably get the assistance of an expert.

We, at Shawn Camp Insurance Agency, Inc., offer home insurance to our clients in Killeen, TX. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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FAQs For RV Insurance

by Administrator 27. July 2018 05:22


The Dangers Of Being Underinsured

by Administrator 23. July 2018 11:14

Being underinsured means that one is not fully protected by the life insurance he/she has purchased. There are high chances that the amount claimed by one’s family will not be sufficient to meet its financial requirements. As far as business insurance is concerned, underinsurance means that the value of the assets you have insured is more than the insurance.

Here are some risks involved with being underinsured:

  • Uncertain Future: Underinsurance puts individuals and businesses at a huge risk of not being competent to deal with an unforeseen event to their full capacity. People usually indulge in wishful thinking that all will always be well in their lives but fail to understand that life is all about change and uncertainty. Being insured gives the confidence to face any event head-on because you know your insurance company has your back. The same holds true for businesses. Underinsured businesses are always at a risk of tremendous losses. Even one unforeseen loss can threaten the whole existence of a business.
  • Delayed Settlements: The whole idea behind getting insured is to bounce back quickly after a disaster. However, being underinsured delays the whole process and can even lag for sometime. This can be a costly affair in terms of the delay caused. Underinsurance leads to different claims of the insured and the insurer. Your insurer will have issues with the lack of concrete insurance values of your property whereas you will expect more than what’s being offered to you. To avoid such situations, the right assessment of property and getting a full insurance coverage is the best option.
  • Refusal To Pay The Claim: An insurer can decline all claims made by you on being suspicious of a deliberate effort on your part to be underinsured.
  • Penalty: Underinsurance not only puts you at a risk of funding the whole amount of your loss, but you are also at a risk of getting penalized for a partial loss. An improper valuation of the loss can lead the loss adjuster to find out that you are underinsured and you will be required to fund the losses that have no protection.

Conclusion: Underinsurance defeats the very purpose of being insured. However, it is never too late to undo this mistake. There is always an option to increase the insurance cover at a nominal amount of premium after getting an accurate evaluation of the property done. Insurance policies should be updated on a regular basis in case of any renovations, home improvements and changes in the economic scenario.

To get affordable home insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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Tips For Seniors To Get Affordable Auto Insurance

by Administrator 19. July 2018 08:55


Things To Consider While Buying Two Wheeler Insurance

by Administrator 27. June 2018 08:46


Frequently Asked Questions About Boat Insurance

by Administrator 23. June 2018 11:44

There are a plethora of boat insurance coverages. The right type of boat insurance is one that will cover accidental losses and damage to a boat and also the cost of legal issues that spring up from any physical damage caused to another by the boat or its equipment. Following is a list of some frequently asked questions regarding boat insurance.

  •  What Is The Cost Of Getting Boat Insurance?

The cost of boat insurance depends on factors such as where the boat is situated, how skilled the operator is, its size, type and what it is used for.

  •  How Can I Reduce The Cost Of Insurance?

Insurance for boats in coastal areas cost more than boats in inland areas. So the area you use your boat in will have a direct impact on the insurance cost. Also, most insurance companies offer discounts to those who have an approved boating safety course or with a decent driving record.

  •  How Much Insurance Coverage Do I Need?

The insurance coverage of newly purchased boats is their purchase price. It consists of value of the boat, motors and attached equipment in the form of electronics.

  • What Kinds Of Losses Are Covered By Boat Insurance?

Each insurance company varies as far as the types of losses covered by boat insurance are concerned. It will be helpful to consult a professional to help you out with choosing a boat insurance policy that best suits your individual needs.

  • Will Anyone Driving My Boat Be Covered By The Insurance?

Usually, anyone you give permission to ride your boat is covered by the insurance but there are always exceptions. Some policies have a named operator endorsement in which case only the operators mentioned can operate the boat.

  •  What Happens During The Lay-Up Period?

Boat insurance will cover the vessel, provided it is out of commission and not being operated. However if you want to use your boat during such period, you must request for an endorsement that allows you to use the boat temporarily and still get coverage. It is important to note that a boat which is stolen during a lay-up period is fully covered.

  •  What Are Navigational Limits?

In order to remain covered, the boat should be within the navigational territory mentioned in the policy. If you want to be covered when beyond such a territory, you will have to obtain an additional coverage from the insurance company giving you permission for the same.

We, at Shawn Camp Insurance Agency, Inc., offer boat insurance to our clients in Killeen, TX. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.



Tips For First Time Auto Insurance Buyers

by Administrator 16. June 2018 12:02


Liability Auto Insurance

by Administrator 25. May 2018 10:42


Things To Consider Before Taking Home Insurance

by Administrator 22. May 2018 14:15

The right type of home insurance is an important investment that every home owner has to partake at one point or another. It is the best way to protect an investment as big as your home and an asset as precious as your family from different perils.

Here are some factors to consider before taking a home insurance

  • The Rebuilding Cost: To get the most of any form of financial protection for your home, it is important to estimate the building cost of your home. You can then avail building insurance for the best financial protection from certain unavoidable calamities. When choosing a building insurance, you should have a correct estimate of the rebuilding cost.
  • Value Of The Contents In The House: Do a room by room inventory of the contents and be careful not to underestimate their value in order to get a decent claim. When performing this inventory, be sure to take note of which items you wish to be covered both when they are in the house as well as outside the house. Valuable jewelry is an example of this, where it is best to get coverage despite where the item is lost or damaged, by adding an “away from home” cover.
  • Individual Item Coverage Limit: Another important consideration is that some policies have a cap for individual items, beyond which the item will not be covered. If you have an item that is of more value than this cap, specify this to your insurer.
  • Covering Accidental Damage: Most home insurance policies cover accidental damage under their basic policy. Damages caused to the drains, pipes, glass, bathroom fittings etc. are examples of the accidental damages covered by most home insurance policies. However, some policies might require you to add on accidental damage, as it is not part of the basic plan. You also must ensure that the plan includes legal coverage if someone gets injured while on your property.
  • Loss Or Theft Of Keys: One of the most common problems that is faced by homeowners is the loss or theft of keys. This requires ordering replacement keys and breaking existing locks. Make sure that you do not have to pay out-of-pocket if this happens, by adding this coverage to your home insurance plan. Some companies have a limit on how much they will pay for key-related costs, so make sure you are aware of this.
  • Transportation And Accommodation Costs: If your house becomes inhabitable due to the damage that you seek coverage for, you want to be sure that you and your family are safe while these damages are being fixed. The best way to do this is to ensure that transportation and accommodation costs are a part of your home insurance.

To get affordable home insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.