Month: April 2019

Myths about Motorcycle Insurance

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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

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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.