Are Your Roommates’ Belongings Covered Under Your Home Insurance Policy?

If you share a home with other individuals, it may be good to know if their belongings are covered under your homeowners insurance. If you are not a relative or married, chances are that homeowners insurance may not cover any roommates belongings. Kimble Brown Insurance Agency of Southlake, TX specializes in homeowners insurance and can help.

Homeowners Insurance

In general, homeowners insurance covers:

  • The structure of the actuals owners home

  • Property and belongings of the homeowner or relatives inside the home

  • Liability

What his means is if you are the owner, a relative of the owner or are married to the owner, you will have your possessions covered. Friends and non-relatives will not have property and belongings covered in this situation. Your spouse can be added to the homeowners policy if that is the wish of the homeowner. Separate insurance will need to be obtained by renters and friends who reside in the home though. Renters insurance is something that should be considered. 

Renters Insurance

Renters insurance does not cover the actual structure of the home that an individual is renting space in. If there is some type of disaster or theft, renters insurance can help protect and cover your possessions where homeowners will not. As a homeowner, it is good to remind roommates and non-relatives. They will need to know that in order to have their possessions protected, a separate individual policy will need to be obtained. Often this is overlooked as many will assume that the actual homeowners insurance covers everything in the house.

If you need a policy for homeowners or another type insurance, Kimble Brown Insurance Agency of Southlake, TX can help. Our experienced agents can work with you to get the type of coverage you need. Give us a call to schedule an appointment today.

Why is flood insurance separated from a home owners policy

Homeowners should be aware of the fact that flood insurance is a totally separate kind of policy from their homeowner’s insurance and damage caused by flooding will not be covered without a separate policy for floods. Because Southlake, TX is like many other parts of the state that border the Gulf of Mexico, flooding due to hurricanes, severe rain, and other weather-related disasters are always a concern. Kimble Brown Insurance Agency serves this locality and they can give answers about your flood insurance policy or other related questions. 

The reasoning behind separating flood insurance policies from the general coverage for a home is mainly divided into two parts. First, flooding is a specific risk for homes in certain areas. Houses which are landlocked and have no large bodies of water nearby present little to no risk of floods. This is why it would be pointless to include this kind of coverage into the policies of large amounts of people who do not need it.

Second, flood damage is usually very widespread and destructive when it happens. This results in much greater costs to an insurance company than isolated incidents which are covered under most policies. The total damage caused by a flood may devastate entire towns or regions, which can be extremely expensive and requires its own separate pool of financial resources to fix the disaster. This is why it is best for homeowners and insurance companies in these areas to pay into the costs in advance, while not including the additional expense in a regular policy for areas that will remain unaffected due to their location.  

To get more information about flood insurance in Southlake, TX, contact Kimble Brown Insurance Agency.  

You Got Into An RV Accident: What Now?

You’re cruising down the highway, enjoying the sunshine while driving your RV, and crash- you get into an accident. While no one wants to get into an RV accident, it happens! That’s what RV insurance is for. In the unfortunate event that you get into an RV accident, follow these steps to make filing your insurance claim a calm and easy process. 

– Take pictures of the damage. This is easier than ever with a smartphone. Snap pictures of your vehicle, taking both close-up shots and shots that include the full body of the vehicle. When it doubt, take more. It’s better to have more pictures than you need than not enough when it comes to filing your insurance claim. 

– Exchange insurance info with the other driver. More often than not, you’ll be meeting a stranger when you talk with the other driver involved in the accident. It’s important that you exchange insurance information, even if they tell you they’d like to settle the damages privately. Exchanging insurance information doesn’t mean that you’ll have to file a report, but it does mean that you have recourse if they fail to hold up their end of the bargain. 

– File a police report. Even if no one is hurt and the damages are minimal, it’s important that you call the police and file an accident report. This is proof that the accident happened, and provides you with witnesses in the event that you would need to go to court. 

Of course, it’s important to have a solid RV insurance policy with an agency you trust. At Kimble Brown Insurance Agency, Serving Southlake, TX, we’re here to help you get the coverage that you need. Call us for a quote today!

The Benefits of a Home Inventory

Homeowners in Southlake, TX know that home insurance covers what’s inside the home as well as the home itself. Kimble Brown Insurance Agency wants you to have the information you need to make the claims process easier.
A home inventory list will keep important information about your belongings in one place. If you ever need to file an insurance claim, this list can help make the process easier and faster. It’s a good idea to make the list and update it when the information is fresh in your mind and you have the necessary receipts and other documentation. 
Detailed information will be in one place
A detailed inventory list keeps important information about your belongings in one place. Have a separate sheet for each room. Include item description, serial number, purchase date, brand name and price for each item. Use as many sheets as necessary to add items to a room. 
When you buy a new appliance or another expensive item, keep the receipt. Add serial numbers, price and brand name to your inventory list right away while the information is handy.

Take pictures of every item in each room. Remember items that are in drawers, boxes or closets. Check for belongings in the garage and other storage areas when you take pictures.
Helps you choose the right policy
A home inventory provides information you need to choose an insurance policy with adequate coverage. When you keep your list up-to-date, you can review your policy annually to make sure the claim limit is high enough to cover your belongings.
A home inventory list is worth the effort to save time in the future.
Contact Kimble Brown Insurance Agency in Southlake, TX for information on the benefits of a home inventory.


The Benefits of Recreational Insurance

Recreational insurance can be very helpful even in situations where it is not required by law in Southlake, TX. It is good to get a basic overview of this kind of coverage and some common reasons why it is a good investment, then speak with someone from Kimble Brown Insurance Agency. 

What is recreational insurance?

This is coverage meant for vehicles such as motor homes and trailers that may not be used regularly. Insurance is usually not required on these by law, but it can be beneficial to protect an investment that costs thousands of dollars in case it is damaged on the road or by other events such as severe weather. Some banks may also require insurance on these vehicles if they are financed. 

Who will benefit the most?

While it is up to each individual owner to decide whether they want insurance on their recreational vehicles or not, there are a few common factors that usually affect this decision. Vehicles that are very expensive are worth covering. A large investment should be protected with a small payment for coverage rather than having to spend thousands on repairs or experience a total loss when disaster strikes. People who use their recreational vehicles consistently are also more likely to have to deal with damage from accidents and use, and insurance can also help pay for any incidents that occur. 

Additional Benefits

Based on your personal situation, there may be many more reasons to get recreational insurance, but you must have a conversation with an agent from Kimble Brown Insurance Agency to find out. Agents in who serve the Southlake, TX area are available to have a more detailed discussion about your recreational vehicles and the ways that coverage can help you. 

Myths about Motorcycle Insurance

There are many myths about motorcycle insurance in Southlake, TX and, if you believe these, you may not have enough coverage. 

Canceling in the Winter Will Save Money

If you think you can cancel your motorcycle insurance in the winter while you aren’t riding your bike, you won’t have any coverage if your bike is stolen or damaged. Home insurance won’t cover any damage to motorcycles. You may also have to pay more when you get a new policy come summertime because there is a lapse in coverage. You may even have your registration suspended because there will be noticed that your insurance is canceled.

You Just Need the Minimum Insurance Coverage

The minimum insurance coverage will only protect you so much and motorcycles can cause a lot of damage. You will have to pay for any damages you cause. Since motorcycles can be more dangerous, it’s recommended to get as much coverage as you can afford to stay protected.

Auto Insurance Covers Motorcycles

Motorcycles will be excluded from most auto insurance policies. While the minimum state requirements are usually the same, you will still need an auto policy to cover any vehicles and a motorcycle policy to cover your bike.

If You Don’t Make a Claim after an Accident, Your Premiums Won’t Go Up

If Kimble Brown Insurance Agency or any insurance company discovers you have been in an accident, it can raise your rates. The other person involved in the accident may make a claim to your insurance provider.

If You Lend Your Bike to a Friend, His Insurance Covers It

You and your insurance record are affected even if you lend out your bike. If there is a claim, your rates might increase even if your bike was on loan. 

Contact Kimble Brown Insurance Agency, serving Southlake, TX, to get a quote on motorcycle insurance. 


Why You Should Do a Yearly Home Insurance Checkup

Now is the time in Southlake, TX to evaluate your home insurance and receive a yearly checkup of your insurance. A home insurance checkup helps to take a holistic look at a financial situation and the policy you have in place.

In order to do a yearly home insurance checkup, you need to check your coverage. The first part of this is to work with an agent at Kimble Brown Insurance Agency to look at your current policy. Make sure you aren’t underinsured. Many homeowners don’t realize that they are underinsured until after a disaster or incident has struck.

Here are a few things you want to discuss with an agent:

Does your policy have extended replacement coverage?

After a disaster, without this coverage, you may not have enough insurance to repair or rebuild your home. If you have made any improvements to the home, then you need to make sure there is enough coverage to replace the new features. If it has been years since you got your home appraised, then you can do this to help establish the amount of coverage you need. An appraiser can help calculate what it will cost to rebuild your home with similar features that are available in today’s market.

While doing a yearly home insurance checkup, make sure to keep a detailed record of the home’s content and unique features. Use video recordings and photos to show any designer features or other unique features. This can help if you do have to file a claim later on.

An insurance checkup can help you save you money to ensure that you are covered and aren’t overpaying for the coverage you need. A checkup can save you money immediately by lowering premiums if you are adjusting your coverage.

Contact Kimble Brown Insurance Agency, serving Southlake, TX, to get a quote on home insurance.