Role of Insurance in Building Financial Stability

by Administrator 26. July 2022 12:40

Insurance plays a crucial role in the process of building financial stability. Besides contributing to economic growth & financial stability, it provides safety to an individual’s home and personal assets. It brings various investment avenues, helps to reach your financial goals & keeps you and your family financially prepared for unforeseen events.

Safety & Security

Financial planning comprises of few essential components including managing your income, expenses & liabilities while creating a solid safety net for you & your family. Insurance cover safeguards your assets against unfortunate circumstances like accidents, natural calamities & other potential dangers. It is a mitigation tool that offers risk coverage in the form of financial protection.

Medical Support

Insurance policies offer coverage & compensation for medical bills during medical emergencies. Different insurance policies cater to different types of bodily injuries & health risks.

Investment Channel

Insurance also qualifies as an investment channel. Regular payment of premium accumulates your funds which eventually offers a hefty sum of the amount at the maturity of the contract. It encourages savings and helps to build an investment portfolio.

Protection Against Lawsuits

Insurance policies like Homeowners insurance protect you against legal liabilities emerging due to injury of an individual in your premises. If someone gets injured or hurt within the property premises, homeowner insurance covers the liabilities and attorney fees (as per the insurance documents)

The insurance sector adds sustainability value & promotes financial stability at the macro as well as micro levels. You can choose from different insurance policies, combination of services, products, and payment options based on your requirements & budget. Limits and coverage can vary depending upon the insurance plan you buy.

Shawn Camp Insurance Agency, Inc. is independent insurance in Texas that provides comprehensive insurance plans including Homeowners Insurance, Renters Insurance, Auto Insurance, Motorcycle Insurance, Boat Insurance, Watercraft Insurance, and Golf Cart Insurance. The agency offers various options of insurance policies, catering to specific needs and requirements of a client.

To know more about the role of insurance in building financial stability, contact our customer support at (254) 526-0535. You can also visit Shawn Camp Insurance Agency, Inc. at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX - 76542. The agency also allows customers to request a free instant online quote.

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Important Insurance Coverage in Killeen

by Administrator 28. June 2022 13:57

It is important to safeguard your assets and investments in every possible way. With the right insurance cover, you will always be prepared for any unforeseen circumstances or unfortunate situations. Insurance coverage provides safety and security against natural as well as human-caused calamities; keeping your asset protected. 

Insurance coverage acts as a cushion that shields you from financial loss and inconvenience if & when you face any covered event. In addition to the financial cover, insurance coverage allows you to have peace of mind by taking the burden off your shoulders.

Let us explore some important insurance coverages:

  • Home Insurance & Renters Insurance - Homeowners Insurance and Renters Insurance policies protect your home & your in-house possessions against catastrophic events such as fire, lightning, windstorms, floods, hurricane, hail, and financial losses incurred due to accidents, thefts, vandalism, riots, etc.
  • Auto Insurance - Riding a vehicle entails multiple risks and exposes you to potential dangers like accidents. This evidently calls for the right precautionary measures and auto insurance coverage. Auto Insurance includes Car Insurance, RV Insurance, Motorcycle Insurance, and Commercial Vehicle Insurance. Auto insurance provides coverage (with certain clauses) for all the medical expenses arising out of accidents or other events. 
  • Motorcycle Insurance - Motorcycle insurance coverage offered by insurance providers such as Shawn Camp Insurance Agency, Inc. includes Total Loss Replacement, disappearing deductibles, Roadside assistance & trip interruption, coupled with accessory & contents coverage with many other options. 
  • Boat & Personal Watercraft Insurance - Boat insurance includes a range of coverage options including Roadside Assistance, Total Loss Replacement, Propulsion Plus®,  Sign & GlideSM (On-Water Towing), and more.
Services Offered By Shawn Camp Insurance Agency, Inc.

With a variety of insurance plans, we strive to provide insurance policies that can suit every individual’s specific needs and budget. You can also customize your Home Insurance or Auto Insurance (choose from a combination of services, products, and payment options) as per your requirements. Our user-friendly website gives you access to your Progressive insurance policy from your computer or smartphone, anywhere anytime. 

Additionally, we offer a quick and secured gateway to make an insurance payment, update your account information, request policy changes, ask questions, or request a quote for any of our products. To know about insurance coverage options, you can contact our customer support at (254) 526 - 0535. 

Browse through www.shawncampinsurance.com to seek help to choose the best coverage for your valuable assets.

You can also visit us at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542.

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Choosing Right Coverage Limit

by Administrator 16. May 2022 09:02

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Must Have Insurance Coverage

by Administrator 25. October 2021 10:19

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Understanding Total Loss Replacement Cost

by Administrator 23. August 2021 10:16

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Comprehension Coverage VS Collision Coverage

by Administrator 16. April 2021 09:59

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Points To Consider When Filing An Insurance Claim

by Administrator 29. January 2021 06:50

Filing an insurance claim involves requesting an insurance company for monetary compensation to cover expenses and repairs incurred due to an event covered by the insurance policy. The process of filing an insurance claim entails necessary paperwork and procedures involved to cover the losses in question. The steps for claiming an insurance policy will depend on the type of insurance coverage purchased.

Listed below are some points to be kept in mind when filing an insurance claim:

  • Report Event: On the occurrence of an untoward event, it is recommended to immediately call the police. This is a good place to start as the police report will also serve as an exact documentation of the event and help in simplifying the insurance process.
  • Document The Event: Irrespective of whether the police arrive or not, you must document the scene of accident and note down details such as insurance policy numbers, names, addresses, phone numbers, vehicle model, license plate number, photos, physician reports in case of a medical emergency and more.
  • Call The Insurance Company: Next, get in touch with your insurance agent and ask for details on your course of action. Ask about the duration within which you should file a claim, whom to report the claim to and the requirements of doing so.
  • Filing The Claim: Once you have contacted the right people and collected all the information you need, you can proceed towards filing the claim. This can be done through a variety of mediums depending on whether it is approved by your insurance company or not. You can choose to file an insurance claim online, by phone, via email, fax or an app.
  • What Next: Once you have filed the insurance claim, you should expect an adjuster to visit the site of accident and assess the amount of damage. The adjustor will then come up with an amount that he deems fit to be compensated by the insurance company.
  • Consult An Expert: Talking to a professional is a smart thing to do in such cases as he will provide the right guidance regarding documents, forms to be filled and also recommend a legal assistant for legal formalities.
  • Duration: The amount of time taken by an insurance company to decide the amount of settlement will depend on the extent of damages, appointment of an adjustor, an appropriate amount agreed upon by you and the company and the state law.
Shawn Camp Insurance Agency, Inc. offers a streamlined claims process to its customers in Killeen, TX. The customers can contact the agents for understanding the claims filing process. For more details on steps involved in filing insurance claim in Killeen, visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542. You can also call at (254) 526 – 0535.

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Understanding Insurance Coverage Types In Killeen, TX

by Administrator 26. November 2020 14:21

Insurance coverage refers to the amount of risk/liability that an individual or entity can be protected from and offered compensation for, by an insurer in the form of an insurance plan. There are various types of insurance coverage to choose from, depending on your budget and personal requirement.

Listed below are types of insurance coverage offered in Killeen, TX:

Auto Insurance:

  • Bodily Injury and Property Damage Liability: The insurance coverage provides compensation for medical bills and damages caused to a person on the insured person’s property.
  • Comprehensive Auto Insurance Coverage: Covers damage to vehicles by incidents excluding accidents (vandalism, theft, fire, animal strike, weather damage, riots, etc). It provides compensation for repairs and replacements to a car/vehicle.
  • Collision Auto Insurance Coverage: Pays for damages to a vehicle due to collision with a vehicle or object such as a stationary object, pole, a car, etc.
  • Uninsured/Underinsured Motorist Coverage: Uninsured Motorist coverage covers expenses (lost wages, medical bills) due to an accident with an uninsured person whereas the latter provides compensation for property damage and medical costs that exceed the coverage limits of the person at fault.
  • Loan/Lease Payoff Coverage (Gap Insurance): Covers leased vehicles that are stolen but not recovered.
  • Medical Payments Coverage: Covers expenses on medical treatment of the injured party within 3 years of the accident.
  • Custom Parts and Equipment/Accessory Coverage: Covers auto equipment, accessories and devices that are permanently attached to a vehicle up to a basic limit but additional coverage can be purchased.
  • Rental Reimbursement: Coverage for a rental vehicle’s damage in an accident.
  • Pet injury Coverage: Provides compensation for a pet injured due to an auto accident.
  • Roadside Assistance: Covers mechanical breakdown, flat tire, lockout, insufficient fuel/gas supply, entrapment (in snow, water, sand or mud), and a dead battery.
Home Insurance: This insurance coverage includes compensation for loss of use, medical payments, personal liability and damage to the dwelling, personal property and other structures.

RV Insurance: This includes recreational vehicles such as motor homes, motor coaches, camper vans and travel trailers and the companions and valuables in the vehicles.

Motorcycle Insurance: This insurance covers bodily injury and property damage liability, comprehensive and collision coverage, uninsured and underinsured motorist coverage, medical payments, custom parts and equipment and roadside assistance.

Boat insurance: Includes sailboat insurance, jet boat insurance, boat insurance, house boat insurance, personal watercraft insurance and fishing boat insurance

Shawn Camp Insurance Agency, Inc. offers a wide variety of insurance coverage options in Killeen, TX. The customers can choose from auto insurance, homeowner’s insurance, motorcycle insurance, boat insurance, and RV insurance. For more details on insurance coverage types in Killeen, visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542. You can also call at (254) 526 – 0535.

 

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What Is Homeowners Insurance Declaration Page?

by Administrator 24. October 2020 07:26

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How To Decide Suitable Insurance Deductible?

by Administrator 30. May 2020 07:20

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