Top Three Reasons to Get Renters Insurance

Many homeowners have homeowners insurance, but unfortunately, a fair number of renters don’t have rental insurance. Ultimately, rental insurance can protect renters from many different things. It’s wise to consider renter’s insurance options so that you can mitigate risks. Need help to decide on a policy? Contact Pound Insurance, serving Garland, TX and other areas nearby.

We’re going to cover some of the top reasons why rentees should take out renters insurance. However, it’s important to note that rental insurance policies can vary substantially. It’s smart to talk with an agent about what is and is not covered in any given plan.

Renters Insurance Reduces Risks

Coverage for any given insurance policy can vary. Individual circumstances, such as what happened, must also be closely considered. However, rental insurance policies may cover damages in a wide variety of circumstances.

Often, rental insurance will provide protection for personal property in different situations. If a renter suffers a break-in and someone steals their property, their policy may reimburse them. Further, rental insurance may cover losses stemming from natural disasters, such as a tornado, or events like home fires.

Renter’s Insurance is an Affordable Way to Mitigate Risks

Of course, the price of different insurance plans can vary substantially. That said, these policies are generally affordable, especially given how much protection they provide. If the day comes that someone has to exercise their insurance policy, they’ll likely be thankful for the coverage.

Some Landlords Require Rental Insurance

In some cases, a landlord may require that a rentee have a rental insurance policy. If you don’t have such a policy or are unwilling to take one out, the landlord may decline to rent to you. By getting rental insurance, you may have more options when it comes time to rent.

Reach Out To Us

If you’d like to learn more about the benefits of renter’s insurance, contact Pound Insurance, serving Garland, TX and other areas nearby.

Protecting Your Home: Why is Not Having Home Insurance Risky?

Most people have lost millions of money invested in their homes to natural disasters such as fires. What’s scarier is that you could lose everything you own and cannot replace it. Luckily, at Pound Insurance, we help you to avoid this by giving you the best possible home insurance coverage. If you are in the greater Garland, TX metroplex, our insurance covers replacing your personal belongings and rebuilding your home.

Scenarios That Can Be Bypassed With Homeowners Insurance

Having Trouble When Selling Your Home

Most people often get into trouble when selling their homes without insurance coverage. Even real estate agents might fail to take you on as a client when you don’t have home insurance. Imagine an event where your home gets destroyed when you sell it, and you don’t have any insurance coverage. Even though you can get clients on your own, the offers you get will be low.

A Situation Where Your Home Is Destroyed, And You Can’t Fix It

One of the worst situations is having to build a home, then it gets destroyed, and you cannot replace it. This can leave you homeless, and it might take years to refix it. However, when you have a home insurance policy, you can replace all your belongings and cover all your rebuilding costs.

When Robbers Break Into Your Home, And You Can’t Afford To Replace Your Belonging

It’s essential to be equipped for the worst, such as theft. Even if you have the best security measures in your home, your items might be stolen, and you cannot replace them without good money. Our Pound Insurance team has the best policies that we can customize to meet your needs.

Call Us Today

If you want to secure yourself from financial loss when you lose the property, give us a call. Our experts at Pound Insurance in Garland, TX will offer you home insurance coverage to cover all your items and ensure you can replace items.

Motorcycle Insurance: A Necessity

You love to ride your motorcycle, but you are not sure your current motorcycle insurance policy addresses all your needs. If you fall into this category, Pound Insurance in Garland, TX is here to help you address your motorcycle insurance needs, so you can ride knowing you are fully covered.

Why Motorcycle Insurance

Having excellent motorcycle insurance is even more critical for motorcycle riders than Texans driving 4-wheeled vehicles. We can provide motorcycle riders with an added layer of comfort while they enjoy riding their motorcycles, whether for business or pleasure. 

Pound insurance offers motorcycle insurance for a responsible rider’s every need. So even if you already have motorcycle insurance and live in or near Garland, TX stop by so we can review your current motorcycle insurance policy. We encourage every motorcycle rider to review their motorcycle insurance policy annually to ensure they are fully covered. 

We cover every aspect of motorcycle insurance, including riders over 21 who choose not to wear helmets. Though we highly recommend every rider uses a helmet, we will still offer insurance to those riders who prefer not to wear helmets. At Pound Insurance, we care not only about your motorcycle but you as a rider. Therefore, we encourage every rider to attend a motorcycle safety course, always be aware of surrounding traffic, and wear a DOT-approved helmet.

Reach Out To Us

We at Pound Insurance encourage safety first and a fully explained motorcycle insurance policy that you can understand, so riders can keep doing what they love doing. So don’t hesitate to give us a call, so call today to make sure you have the most current motorcycle insurance policy available today.

What does boat insurance cover?

It’s not a legal requirement to carry boat insurance in many states. However, there are situations and circumstances that may require you to carry it. Boat insurance has many benefits and may be a good investment depending on your situation.

Our Garland, TX team at Pound Insurance is committed to educating boat owners about the benefits of boat insurance as well as the different types of coverage provided by boat insurance. 

What is Boat Insurance?

Boat insurance is similar to auto insurance in that it provides protection and coverage for watercraft if it’s damaged as a result of an accident. Boat insurance will pay for the repair or replacement of your boat as well as provide liability coverage if you damage someone else’s boat or injure someone else while boating.

Boat insurance will pay for damage that takes place on dry land as well. It’s covered by the property coverage portion of the boat insurance policy. Your boat is also covered for theft as well. Your boat will be replaced if it is stolen. 

What does boat insurance cover?

Boat insurance will cover the repair of your boat or watercraft if the damage results from a covered incident. It will also pay for the replacement of your watercraft if it’s stolen.

In short, boat insurance covers theft, loss of personal belongings, vandalism, and damage, and provides liability protection. However, there are certain things that you may have to pay for outside of boat insurance. For example, some boat insurance policies will not cover towing.

You’ll need to discuss what’s not covered by your policy with an insurance agent. Exclusions are things that aren’t covered by your insurance policy.

Contact Us Today

If you have questions regarding boat insurance and what’s covered, call us at Pound Insurance in Garland, TX. We can answer your questions. 

What policies can you add umbrella insurance to?

When you contact Pound Insurance about umbrella insurance for your Garland, TX home or business, it might surprise you to learn that you need to buy a primary insurance policy with liability coverage before you can qualify for an umbrella policy. You can’t buy an umbrella policy by itself, so read on to learn to which of your existing policies you can add this helpful coverage.

What policies can you add umbrella insurance to?

You can add the secondary type of insurance – umbrella insurance – to any policy that already contains liability coverage. That means you can add umbrella coverage to the following:

  • Home insurance
  • Auto insurance
  • Boat insurance
  • RV insurance
  • Motorcycle insurance
  • Business liability insurance
  • Commercial auto insurance

Adding umbrella coverage to these policies affords you added liability coverage.

How much does umbrella add to your existing coverage?

An umbrella policy typically adds $250,000 to $1 million in liability coverage. Because the policy costs so little in premiums, most people choose the million-dollar policy. This ensures they have all of the umbrella coverage that they need.

When the liability coverage on their primary policy pays out, the umbrella coverage kicks in. It pays the remainder of the settlement, up to the policy maximum.

For example, if your home insurance provides liability coverage equal to 20 percent of the value of your home and the home value equals $200,000, then the home policy provides $40,000 of coverage. Once the liability coverage pays out that $40,000, the umbrella policy you purchased begins covering the rest of the settlement.

Why might you have a settlement that large? If someone incurred a serious injury, such as a broken bone, from a fall at your home or you libeled or slandered someone, you could owe a large settlement.

Give Us A Call

Contact Pound Insurance, serving Garland, TX, for more information on umbrella insurance. Let us help you add this useful policy to your package.

Why do I need to have a condo insurance plan in Texas?

Those living in the Garland, TX area will want to consider purchasing their own home, and investing in a condo is a good idea in many cases. If you would like to purchase a condo in this part of Texas, getting the right insurance is quite valuable and important.

There are multiple reasons why someone will need to have a condo insurance plan when owning a condo:

Meet Standards Set by Association and Lender

A reason that anyone here will need a condo insurance plan is so they can meet standards set by their lender or home association. Most condo owners have various agreements that require condo insurance coverage, which include association agreements and mortgage documents. With a proper condo insurance plan, you will comply with these agreements and stay in good standing. 

Receive Protection

You also will need a condo insurance plan to receive valuable insurance protection. A condo insurance policy offers various forms of coverage, including liability insurance, coverage for your dwelling, and protection for your personal assets. This coverage will be helpful if there is ever a fire or other incident that results in a loss. If you do not have this coverage, the same accident could result in a serious financial challenge. 

Contact Us Today

People living all over the Garland, TX area will want to know that they have the right insurance. When you are looking for a new policy in this area of Texas, calling the team with Pound Insurance will be helpful. Pound Insurance knows what is important and valuable with a condo insurance plan. We can offer any support that you need to understand your needs and requirements and your options so you can build a plan that is ideal for your situation. 

What level of auto insurance must you legally carry in Texas?

Before you drive on Garland, TX roads, you’ll need auto insurance that meets the Texas state legal requirements. Pound Insurance can help you find the right auto insurance to keep you legal and protect your financial investment in your vehicle.

Auto Insurance: The Legal Requirements

According to Texas law, each driver must carry auto insurance with at least a property damage component and a liability component. The property damage coverage pays for the other driver’s car or motorcycle if you caused the wreck. The liability coverage pays for the medical bills of the other driver and the passengers in the other vehicles involved in the accident.

This auto insurance policy must meet the following levels of coverage:

  • Liability coverage in the amount of $30,000 per person,
  • Liability coverage in the amount of $60,000 per accident,
  • Property damage coverage in the amount of $25,000 per accident.

Every auto insurance quote created in Texas also includes personal injury protection (PIP) coverage. Texas law requires each insurance company to include this coverage in an auto policy quote. You don’t have to accept the PIP coverage though. You tell the company in writing that you don’t want PIP and it gets removed from your quote.

You might want to keep PIP though because the insurance that Texas law requires you to carry only pays for the other person’s vehicle and injuries. PIP provides you with medical payment coverage and it covers your passengers. It also covers lost wages and other costs. Whether you caused the accident or someone else did, you can use PIP coverage. You can even use it when involved in a single-vehicle accident, such as a deer running out in front of your vehicle, or you hit a fence or mailbox.

Get Auto Insurance Today

Contact Pound Insurance in Garland, TX for more information on Texas auto insurance. Let us help you remain protected on the state’s roads and beyond.

Getting comprehensive commercial coverage may be the right move for your company

Pound Insurance is the agency to call for all of your Garland, TX area commercial insurance needs. We have the expertise necessary to help business owners in our area protect their companies. If you would like to learn more about the benefits of a comprehensive commercial insurance policy, call today!

Is it time to upgrade to a comprehensive commercial insurance policy for your business?

Many business owners find that upgrading to a comprehensive commercial policy provides the robust coverage that they need to protect their businesses. It is often the case that business owners continue renewing their current policies without truly considering if they will continue to meet their needs.

Commercial insurance is necessary for all types and sizes of businesses, but not all policies are created equally. If it has been a while since you have taken a close look at your policy, now is a perfect time for a full review. Working with a local insurance agent will allow you to identify any gaps in coverage and determine if it’s time to move to a more comprehensive policy.

There is a wide range of different policies available, and for more established companies, a comprehensive commercial policy is often the most appropriate choice. Let us help you find the right policy that meets your current needs and will also provide protection well into the future. Robust insurance can provide business interruption and lost cash flow protection in addition to property coverage.

Schedule a consultation today

If you are a business owner in the greater Garland, TX area, Pound Insurance is here for you! We work with many local businesses to help them with all of their insurance needs. Schedule your consultation today to find out more!

Will renters insurance cover damage to my boyfriend’s laptop?

Renters’ insurance creates peace of mind for many renters. There are many different situations that are covered by a renters insurance policy. However, renters should understand that there are some things that wouldn’t be covered under a renters insurance policy. Our agents at Pound Insurance in Garland, TX want to take the mystery out of renters insurance.

What’s Covered by Renters Insurance?

Typically, renters insurance covers theft, some water damage, some natural disasters, injuries, and much more. Renters insurance will provide coverage for your personal items in your rented space, and in some cases, your dwelling. Specifically, renters insurance covers personal property damage, personal liability, medical payments, and any additional living costs. Damage caused by fire, wind, and theft is covered by a renters’ insurance policy. 

What’s NOT Covered by Renters Insurance?

However, renters insurance won’t cover everything. There are areas that aren’t covered by a renters insurance policy. Natural disasters like floods and earthquakes aren’t covered, and you will need to purchase insurance to cover damage from these types of natural disasters. 

Also, damage caused by bedbugs, pests, and rodents isn’t covered. Renters insurance will cover any items that are stolen from your car. However, it won’t cover damage to your car or a stolen car. Your auto insurance would cover that. However, some insurance companies offer add-ons for items or damage not typically covered by renters insurance. Last but not least, renters insurance will not cover damage to your boyfriend’s laptop or your roommate’s property unless they are on your renters insurance policy.

Contact Us Today

If you have questions about renters insurance and what’s covered, give us a call. Our team at Pound Insurance in Garland, TX would be happy to answer your questions.

The 5 Most Common Homeowners’ Insurance Claims

Homeowners’ insurance is one of those things that you hope you never have to use, but it’s there for a reason. And while most people never have to file a claim, some are more common than others.

Pound Insurance in Garland, TX provides you with this guide on navigating this important coverage. Here we will take a look at the five most common homeowners’ insurance claims. So, whether you’re a first-time homeowner or you’ve been in your home for years, read to learn more.

Home Insurance Claims: What You Need To Know

1. Wind and Hail Damage

This type of damage is a common claim filed with homeowners’ insurance companies. Wind and hail can cause a lot of damage to your home, including to the roof, siding, and windows. If you live in an area prone to severe weather, it’s important to ensure that you have adequate coverage for wind and hail damage.

2. Water Damage

While not all water damage is covered by homeowners’ insurance, some is. For example, if your home floods due to a broken pipe or appliance failure, you may be able to file a claim. However, if the water damage is caused by negligence (e.g., you left the sink running and overflowing), you will likely have to pay for the repairs out of your pocket.

3. Fire Damage

These types of claims are usually some of the most expensive. This is because fire damage can be extensive, and it’s not always possible to salvage your belongings. Luckily, most homeowners’ insurance policies will cover fire damage, as long as negligence did not cause the fire.

4. Miscellaneous Property Damage

This is a catch-all category for any type of damage to your property that is not covered under the other categories. For example, if a tree falls on your home, it would likely be classified as miscellaneous property damage.

5. Liability Claims

Liability claims are usually filed when someone is injured on your property. For example, if a delivery person slips and falls on your icy driveway, you may be held liable for their injuries. Luckily, most homeowners’ insurance policies include liability coverage, which can help to pay for medical bills and other damages.

Get Homeowners Insurance in Garland, TX

If you’re a homeowner, it’s important to be aware of the most common insurance claims so that you can be prepared in the event that you need to file one. Luckily, most homeowners’ insurance policies will cover most of these claims. However, it’s always a good idea to review your policy and ensure that you have adequate coverage. Pound Insurance can help you to find the right homeowners’ insurance policy for your needs. Contact us today for a free quote.