Do You Have Enough Home Insurance?

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Pound Insurance serves the homeowners of Garland, TX with quality insurance services. We know the ins and outs of homeowners insurance, and we want to help you have the exact amount of coverage you need for home protection in your area.

Home Insurance Is Vital, But How Do You Know You Have Enough Coverage? 

Insurance for your home protects your core physical asset and should be carefully considered. The state of Texas does not legally require homeowner’s insurance. If you have a mortgage, your homeowner’s insurance is likely a stipulation of that mortgage. Whether or not you are carrying a policy because your lender requires it or because you want a basic amount of protection, it is important to understand exactly what your current policy covers. 

First off, there are several types of coverage to consider. Ask about whether you are covered for the cost to replace your home or your home’s actual monetary value. The difference can be drastic. Replacement coverage will cover the home’s cost as you paid for it, and the actual value will cover the depreciated value. There are pros and cons to each.

Secondly, do not assume everything that could happen to your home will be covered in your insurance policy. For example, flood damage is a different type of coverage all together that most people add on to their homeowner’s insurance. Be sure to ask questions about your policy to know in advance where your protection ends and if you want to add coverage for a specific occurrence that may be more likely in your area. 

If you live in or around Garland, TX, contact us at Pound Insurance to discuss your homeowner’s insurance needs. We will be happy to answer any questions you have about homeowner’s insurance to ensure your home is fully protected in the coming years. 

Why should I get renters insurance in Garland?

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When you are in the Garland, TX area, there will be many different forms of housing to consider. One form of housing to consider is to rent your home. For many, this is a preferred option as it gives you more flexibility. If you are going to rent a property here, there are several reasons why you should get a renters insurance policy before moving into the new home. 

Insurance Gives Important Coverage

You should get a renters insurance policy for your Garland home because it will give you important coverage. When you have renters insurance, it will give you coverage to insure your personal assets and give you liability coverage. This could prove valuable if you are ever a victim of theft or fire or are found liable during a claim.

Insurance is Usually Required

You will also want to get renters insurance here because it is normally a requirement for people to carry. When you sign any lease, there is normally a section that discusses insurance requirements. This will normally state that you need to have insurance coverage at all times. If you do not maintain this type of insurance, it could put you into lease violation. 

When you are looking for renters insurance in the Garland, TX area, it would be a good idea to reach out to the team at Pound Insurance. When you are looking for this insurance, you could find that it is challenging to understand your needs and options. Pound Insurance can help you better evaluate your needs by taking a personalized approach. This will ensure all of your questions are answered, and you get the right coverage for your situation. 

Three resources for exploring your motorcycle insurance options

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There are a lot of motorcycle insurance options out there for you to choose from. You need to select your policy carefully to protect your finances. At Pound Insurance, we provide motorcycle insurance policies to riders in Garland, TX. We’re here to help you explore your motorcycle insurance options.

The following are three resources available to you that will help you explore your motorcycle insurance options. 

The Internet

There’s plenty of information regarding motorcycle insurance online. You can research providers in your area. You can even take advantage of comparison sites that allow you to get quotes from numerous insurance providers all in one place.

With the Internet, you have a huge amount of information available at your fingertips. You can even purchase your policy over the Internet if you prefer. 

Motorcycle clubs

If you’re a member of any motorcycle club in your area, you may be able to get some information on insurance policy options in your area from this organization. Motorcycle clubs sometimes offer special discounts and can provide great insights into meeting insurance needs in your unique situation. 

Representatives from insurance providers in your area

It’s good to have someone to talk to directly for answers to your questions when you’re on the market for the right motorcycle insurance policy option. 

You can always call up the insurance provider you’re interested in purchasing from. You can speak with a motorcycle insurance representative to learn more about policy options. 

At Pound Insurance, you can discuss your motorcycle insurance needs and options with one of our representatives. We can help you find a motorcycle insurance policy in Garland, TX, offering excellent value and quality.

How to Get the Right Insurance for Your Boat

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Are you about to purchase your first boat? Or, did you receive a boat recently and need to secure insurance for it? Boat insurance can be overwhelming, but you can get assistance from an experienced agent from Pound Insurance if you’re in the Garland, TX area.

Are there boat insurance requirements in Texas?

It’s vital that you know that there currently are no laws requiring you to have boat insurance in the state of Texas. However, it is a good idea to look into this for several reasons. Mainly, you’ll want the peace of mind that comes from knowing you’ll have coverage if you get injured on your boat or if it becomes damaged.

Your Boat Insurance Coverage

Though policies differ from company to company, there are some generalities.

The two main types of insurance for boats is as follows:

  • The "agreed value" policies will pay out the value of the boat when the policy was written. It does cost most at the time of signing up for it, but there won’t be any depreciation if you have a total loss of your boat. However, there may be depreciation on some types of partial losses.
  • The "actual cash value" policies will cost you less when you sign up. They do factor in depreciation when you receive a payout after making a claim, regardless of whether it is a partial or total loss. Over time, your insuring agent may tell you to get an actual cash value policy.

Have a Sit-Down with an Agent

You can request information online or over the phone, such as a quote. What if you want to ask more extensive questions without all the back-and-forth? That’s when you’d set up a meeting at the agency’s office if possible. You can go over details of your situation and boat, including its age, size, how many owners, speed, where you’ll be using it, etc.

For top-notch insurance services, it’s in your best interest to contact Pound Insurance. We serve the Garland, TX area and take great pride in providing high-quality services for the community.

 

What protection does umbrella insurance offer

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When a heavy rainstorm hits, having an umbrella can be a lifesaver. In many ways, umbrella insurance offers the same lifesaving protection to your assets. Umbrella insurance is a form of excess liability insurance. You can’t buy an umbrella insurance policy unless you already own a policy that has liability coverage. What the umbrella policy does is cover the amount over your original policy up to the limit of the policy. At Pound Insurance in Garland, TX, we offer the personal service you expect from a locally owned independent agency. We provide quotes from several carriers to give our customers the best deals possible. 

The purpose of umbrella insurance is to protect your assets. You may not think you have a lot of assets, but if you are employed, you have future earnings. They are an asset that can be garnished if you are sued. Policies you already own with liability are auto, home, condo, renters, and boat insurance. They protect you in the event of an accident where you are at fault or if someone is injured while visiting your home, condo, or rental. Your furry friend can be a liability and he is covered too. 

These days, judgments can be very high and one could go beyond the limits of your original policy. That is where the protection of your umbrella policy comes in. It will cover any excess up to its limit which can be anywhere from one to five million dollars. When you are sued, you will incur legal expenses as well for representation. These too can be covered if your original liability is exceeded. Even if you are found innocent, legal expenses can be high. 

Umbrella insurance offers unique and valuable protection for your assets. For more information call or visit the office of Pound Insurance in Garland, TX for a free quote. 

 

What Is Condo Insurance and Why Do I need It?

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Condo owners, like homeowners, must carry insurance too. However, the insurance designed for condos is designed for the specific needs of condo owners and has some distinct differenced from homeowner’s insurance. Because condos are physically different from single-family homes, condo insurance is designed to cover these unique differences. However, although many things are covered under condo insurance, some areas aren’t. 

What Is Condo Insurance?

Condo insurance or H06 insurance is designed to cover the interior of the condo owner’s home. Condo insurance is designed to cover the walls, floors, and the overall interior structure of the condo. It is also designed to cover your possessions, the possessions of others, vandalism, theft, and damage from fire. It also protects from lawsuits and liability. Condo owners usually pay condo fees that cover the external areas of the condo like the pool, hallways, and other common areas. Pound Insurance of Garland, TX is committed to helping condo owners understand how this insurance works and guide the process of selecting the best coverage limits to meet their specific needs. An insurance representative will also cover what it does and doesn’t cover. 

What Isn’t Covered by Condo Insurance?

Although condo insurance covers many things for condo owners, some things aren’t covered. Like many insurance policies, condo insurance doesn’t cover damage caused by earthquakes or flooding. You would need to purchase separate insurance to cover these things. Condo insurance coverage excludes appliances, renovations, alterations, and other types of property or changes that weren’t a part of the original interior of the unit. If you have concerns that cover parts of your condo like ass on alterations or appliances, discuss these concerns with an insurance agent. Give us a call. We look forward to answering your questions about condo insurance and how it can benefit you. 

What Is Condo Insurance and Why Do I need It?

Posted on by admin

Condo owners, like homeowners, must carry insurance too. However, the insurance designed for condos is designed for the specific needs of condo owners and has some distinct differenced from homeowner’s insurance. Because condos are physically different from single-family homes, condo insurance is designed to cover these unique differences. However, although many things are covered under condo insurance, some areas aren’t. 

What Is Condo Insurance?

Condo insurance or H06 insurance is designed to cover the interior of the condo owner’s home. Condo insurance is designed to cover the walls, floors, and the overall interior structure of the condo. It is also designed to cover your possessions, the possessions of others, vandalism, theft, and damage from fire. It also protects from lawsuits and liability. Condo owners usually pay condo fees that cover the external areas of the condo like the pool, hallways, and other common areas. Pound Insurance of Garland, TX is committed to helping condo owners understand how this insurance works and guide the process of selecting the best coverage limits to meet their specific needs. An insurance representative will also cover what it does and doesn’t cover. 

What Isn’t Covered by Condo Insurance?

Although condo insurance covers many things for condo owners, some things aren’t covered. Like many insurance policies, condo insurance doesn’t cover damage caused by earthquakes or flooding. You would need to purchase separate insurance to cover these things. Condo insurance coverage excludes appliances, renovations, alterations, and other types of property or changes that weren’t a part of the original interior of the unit. If you have concerns that cover parts of your condo like ass on alterations or appliances, discuss these concerns with an insurance agent. Give us a call. We look forward to answering your questions about condo insurance and how it can benefit you. 

5 Common Mistakes People Make When Purchasing Auto Coverage

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Auto insurance can be a bit confusing, especially for first-time buyers. If you’re rushed into buying a policy, you can make serious mistakes in your coverage. At Pound Insurance, we encourage you to review your options carefully before selecting auto coverage. By going slow, you can avoid these common mistakes made by many Garland, TX drivers.

Not Comparison Shopping

You can save time, money, and frustration by comparison shopping for auto insurance online. Shopping around for auto insurance gives you an idea of coverage options and costs in your local area so you can get the best deal for your money.

Sacrificing Coverage for Price

Sacrificing coverage for a lower price is a common mistake people make when buying auto coverage. Insufficient coverage means you’re driving around without the protection you need. One accident could cost you more in the long run than paying for adequate coverage, to begin with.

Not Meeting Texas Auto Insurance Requirements

Texas requires that all auto owners carry liability coverage to protect other drivers in accidents they cause. If you neglect to purchase this coverage, you’re breaking the law. Not only that, if you’re found at fault for an accident, but you could also be sued for damages.

Paying Too Much for a Policy

Auto insurance costs vary depending on the coverage you choose and the company you work with. You can customize your policy to obtain the protection you need without paying extra for unnecessary “fluff.”  

Not Taking Advantage of Discounts

You can lower auto insurance costs by taking advantage of discounts your insurer may offer. Many companies offer discounts for having a safe driving record, bundling your policies, having safety features on your car, or completing a driving safety course.

To purchase the auto insurance you need in Garland, TX, contact Pound Insurance.

How to Navigate a Commercial Insurance Policy in Texas

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If you’re looking for a commercial insurance policy in Garland, TX, there are a few key questions to start with. This policy is not solely about ensuring your business is legal. While meeting the minimum requirements is important, you may need to do more if you want to thrive in a competitive economy. Pound Insurance wants you to have as much information as possible before you decide. 

Choose Your Coverage 

Before you start looking at policies, ask yourself what type of coverage you want to have. How much inventory do you have to meet your current customer demand? What’s the most you could lose on any given day? How long will you need to close if your structure is flooded? What kind of equipment do you need (or will you need in the future)?

Some businesses can function with very little overhead — even as they grow over time, they won’t need very much to get by. But most will need to spend money to make money in terms of physical inventory, space, and equipment. Your policy should be able to account for all of this. Otherwise, you’re liable to go under in the event of a disaster. 

Remember Your Liability 

Employees can injure themselves on the job, customers suing over a defective product, professional omissions: these are all just potential legal problems you might encounter in your enterprise in Garland, TX. Make sure that your liability limits are something that you’re comfortable with (and consider increasing the limits if they’re not up to par). 

If you’re wondering how you can get a policy that fits your business needs, Pound Insurance can help. We’re here to take the mystery out of the process so that you can get back to work.