Why Is Insurance Important?

by Administrator 20. January 2022 09:00

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Need of Renters Insurance in Killeen, TX

by Administrator 30. December 2021 08:50

Renter’s insurance is necessary for anyone renting a home or apartment as it covers any loss or damage to one’s personal belongings in the rental accommodation. It is important to note that a property owner’s insurance covers the building and not the personal items in it. Renter’s insurance is an affordable insurance that provides liability coverage, covers additional expenses and belongings in the rental.

Types of Renter’s Insurance 

  • Actual Cash Value: This includes the value of possessions after deducting depreciation up to the limit of the policy. 
  • Replacement Cost: In this, the full cost of replacing one’s possessions is paid without deducting depreciation. 
Here are some reasons for buying renter’s insurance:
  • Protects Personal Belongings: Renter’s Insurance protects personal belonging from factors like theft, lightning, fire, smoke, vandalism, water, windstorms, etc. Floods and earthquakes are excluded from the insurance policy. In order to know the amount of insurance required, a tenant needs to be aware of the value of his or her possessions. These include clothing, furniture, appliances, electronics, beddings, jewelry and more. 
  • Liability Coverage: Renter’s insurance also covers the expenses incurred due to injury of another person or pet on the property. If a renter is sued, the renter’s policy pays for the court costs and court awards up to the policy’s limit. If anyone visiting the rental is injured, the insurance company will cover the medical bills for the same. However, this is not applicable to medical bills of one’s family and pets.
  • Covers Additional Living Expenses: Renter’s insurance provides coverage for additional living expenses incurred when living elsewhere in an event of a rental being damaged or destroyed. Whatever expenses are incurred due to living elsewhere while the rental is rebuilt or repaired, will be covered by the policy. Additional expenses here refer to the difference between one’s regular living expenses and the extra costs of living away from the rental home e.g. hotel bills, restaurant meals and more.
 If you need assistance with deciding about the right amount of coverage required for you, consider getting in touch with our customer care team. We have more than 30 years of experience in the field and are known for our outstanding customer support. We provide superior coverage options and policies that are tailored to suit the requirements of our clients. We offer a wide range of products at discounted rates coupled with quick and secure payment options. 

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Boat Insurance: Need & Benefits

by Administrator 24. December 2021 10:39

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Choosing Effective Insurance Coverage Limit

by Administrator 26. November 2021 09:29

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Motorcycle Insurance In Killeen, TX

by Administrator 18. November 2021 08:55

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Why You Need Motorcycle Insurance

by Administrator 29. October 2021 09:31

Motorcycle insurance provides financial protection to motorcyclists in an event of an accident. The liability of those with motorcycle insurance is borne by the insurance company. The insurance is considered to be a smart investment for anyone with a motorcycle worth $5,000 or more. In most states, motorcycle insurance is compulsory and those without it are liable to fines or surrendering licenses in the event of being pulled over.

Following are the benefits of motorcycle insurance:

  • Breakdown Coverage: In case of a mechanical breakdown, a bike owner can be provided with optional coverage for repairs to the bike. So each time you visit a repair shop for fixing your bike’s transmission or engine, you will be compensated for the same.
  • Liability Coverage: In the event of an accident, if a person or his properly undergoes any form of damage, the right coverage will help you compensate for the same. This form of insurance is beneficial for new riders or those who ride in areas that are prone to accidents.
  • Underinsured/Uninsured Coverage: This coverage is helpful in case a bike owner gets into an accident with an individual who has no insurance or is underinsured. The insurance compensates for the amount over and above that is covered by the underinsured individual’s insurance.
  • Medical Payments: If the rider get injured while riding a motorbike, motorcycle insurance covers the medical bills for injuries caused. The insurance company takes care of the medical bills irrespective of who caused the accident. In some states, riders can also purchase PIP insurance for wider coverage of costs e.g. child care expenses, loss of wages due to the accident, etc.
  • Collision Coverage: This coverage compensates for the cost of repairing or replacing a motorcycle after deducting deductibles in case of a collision. It compensates up to an amount that is equivalent to the price of a similar bike in the market instead of a specific dollar limit.
  • Comprehensive Coverage: If a motorcycle is damaged due to any other factor other than a collision, motorcycle insurance covers the cost of its repairs or replacement. Such an event could be a fire, storm, theft, etc. This coverage is effective even if the bike owner is not riding it and it is simply stored away.
  • Custom Parts & Equipment: If your bike has unique parts or accessories, you can invest in coverage for the same in case of an accident. A limit is set on the amount of coverage you can claim in case of such damage. Any amount above this limit is the responsibility of the bike owner.
  • Roadside Assistances & Towing: This coverage provides roadside assistance wherein your bike will be towed to the nearest service station at a discounted rate or free of cost. It also covers issues like flat tires, battery failures, and electrical breakdown.
To know more about motorcycle insurance in Killeen, call Shawn Camp Insurance Agency, Inc., at (254)-526-0535 or visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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Must Have Insurance Coverage

by Administrator 25. October 2021 10:19

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Importance of Motorcycle Insurance

by Administrator 28. September 2021 09:07

Motorcycle insurance is required in most states for protection from financial liabilities in the event of an accident, natural calamity or unexpected events such as fire and theft. The insurance covers replacement costs, medical bills, repairs and the cost of fixing property that has been damaged due an accident caused by a motorcycle.

Listed below are some reasons for buying motorcycle insurance if you own a motorcycle:

  • It covers Medical Expenses: Motorcyclists involved in accidents are likely to suffer from serious injuries that may require immediate medical intervention. This could lead to unexpected medical expenses that may be expensive depending on the severity and nature of injury. In order to protect yourself from such medical costs, it is advisable to invest in motorcycle insurance as it covers medical costs associated with motorcycle accidents.
  • Provides Personal Injury Protection: In addition to the liability coverage under the state law, you can also purchase additional coverage for personal injury protection (PIP). This covers medical bills irrespective of whose fault it is. It also covers the medical expenses incurred by a passenger on a motor bike. However, the coverage limit is up to the value of the policy limit.
  • Property Damage Coverage: This coverage provides financial protection in the form of repairs or replacement of the motor bike or other vehicle involved to a motorcyclist who is at fault. However, it is important to note that this form of insurance does not provide coverage for damage to one’s own bike.
  • Underinsured/Uninsured Coverage: If the driver responsible for a motorcycle accident is uninsured or does not have a sufficient amount of coverage to cover expenses, the uninsured/underinsured coverage will offer due protection. This form of insurance covers expenses related to loss of wages and medical treatment due to an accident with an uninsured/underinsured individual.
  • Roadside Assistance: This coverage provides assistance if a motorcycle malfunctions while on the road. It covers the expenses of towing the bike to the nearest point of repair and labor costs involved. Those with roadside assistance coverage receive swift professional assistance when stranded on the road due to a breakdown. The insurance company ensures your motorbike is safely towed to a repair facility nearby and you are provided with an alternate mode of transport.
  • Custom Parts and Equipment: If you own a bike with unique parts and accessories, this coverage ensures those parts are replaced in case of an accident. The insurance company sets a limit on the amount of coverage it can provide for the damaged/lost parts and any amount exceeding this limit is the owner’s responsibility
Call Shawn Camp Insurance Agency, Inc. for motorcycle insurance in Killeen at (254) 526 – 0535.

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Motorcycle Insurance Coverage Options

by Administrator 24. September 2021 06:20

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Why to Insure Your Boat?

by Administrator 30. August 2021 09:48

Purchasing the right insurance policy for your boat is crucial. Boat insurance protects the boat owner against damage, theft, third party liability, etc. Let us take a look at the benefits of boat insurance:

  • Property Coverage: Getting boat insurance helps to protect your boat from damage caused by an accident and even helps to replace a boat if stolen irrespective of whether it is on water or land. The property coverage provided is equivalent to the actual value of the boat or the agreed amount of coverage.
  • Liability Coverage: This covers the expenses incurred to compensate for damage to another’s property due to one’s boat. The financial liability of damage caused due to an accident consists of the cost of repairs and also medical bills incurred due to injury to another person (hospital bills, X-rays and medications).
  • Uninsured Watercraft Coverage: If an uninsured watercraft collides with your boat and injures you or a passenger on board, boat insurance may help compensate you for the damages. So, even if you are amid those who are not insured, boat insurance lets you enjoy peace of mind knowing that you are protected in case of an unexpected happening.
  • Off-Season Protection: Boats that are stored away for the winter also need boat insurance to protect them from damages and risks during storage e.g. vandalism, fire, theft or any other calamity. With the right kind of boat insurance, you are not liable to handle the expenses of losses during storage yourself.
  • Total Loss Replacement: Boat insurance provides compensation for cases where a vessel sinks or is damaged beyond repair. An insurance policy that includes total loss replacement ensures that you get back to water as soon as possible. This is highly beneficial for an avid boating lover or for those who indulge in boating as a primary activity.
  • Cost of Coverage: The coverage for boat insurance depends on what your insurance provider offers, your budget, type of boat and personal requirements. To know the right boat insurance required for your boat, it is advisable to consult an insurance agent in your area. If you want additional coverage for boat trailers, accessories, special equipment, roadside assistance, total loss replacement and so on, ask your insurance provider about the same.
Visit Shawn Camp Insurance Agency, Inc. at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542 or call at (254) 526 – 0535 for boat insurance in Central Texas.

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