Insuring the Antique – 3 Important Points to Consider

Insuring The AntiqueAntique car owners may think they have their work cut out for them when they shop for auto insurance, but in truth as long as the following 3 concerns are kept in focus and addressed, it should be no more difficult than getting insurance for any other type of vehicle.

1. Regular auto insurance won’t suffice. If you’ve got an antique car, your best bet is to get an antique car insurance quote. The difference is huge, and can be summed up in the amount of money the insurer will pay out if your antique car is damaged, stolen, or totaled. Standard insurance pays out based on book value, but your antique’s true value may not be best represented by this. When you shop for auto insurance for an antique, coverage has to be based on “Agreed Value.”

2. Don’t over-insure. There’s a difference between getting insurance for a car you use all the time, and one you only drive on weekends or that you only display at car shows. You can save a good bit of money on premiums if you don’t use your antique on a regular basis and that limited usage is a part of the contract.

3. Keep records of the money you put in to your antique car. As anyone who’s ever owned a classic or a road-worthy antique, there’s a lot of maintenance and upkeep that goes into keeping them tip top and operational. These expenses figure into the value of your vehicle and should be a big part of the entire “agreed value” discussions. Be prepared to fork over evidence of your investments.

3 Important Conditions to the Multi Car Insurance Discount

Get Those DiscountsYour parents probably always warned you to choose your friends carefully, but you probably never thought that doing so could actually save you money. Well, as it turns out, it can. Case in point: get an instant auto insurance quote online. Then add an additional 10 percent discount, which is the average dollar amount you can save by getting your car on a multi car insurance policy. Makes a big difference, doesn’t it? Here’s how to go about getting that auto insurance price quote discount.

First of all, it’s important to know that if you share a home with other drivers, you’re allowed to bundle your auto insurance policies together into the same plan to save money. You don’t have to be family and you don’t have to be married. You don’t even necessarily have to like one another. If there’s more than one car registered at an address, you can qualify for a discount. But there are a few considerations that harken back to that all-important warning your parents gave you as a child to pick your friends or in this case, your room mates carefully.

• If the other person has a lousy driving record, it may save them money to bundle their car insurance policy with yours, but it’ll cost you more money.

• A lousy credit score on the other driver’s fault an also negatively impact the deal.

• Throw an overly-expensive car into the mix and you’ve got a bona fide deal killer.

If any of the above ring true, you’ll end up paying more because you’ll be shouldering the burden of your house-mate’s lousy habits or desire for extremely expensive things. In this case, it’s critical to either only pick room mates that have clean driving records and that are responsible and practical, or to go it on your own. To find out exactly how much money you can save by bundling policies, get an instant auto insurance quote online and start weighing your options today.

Shopping for Home Insurance: Keeping Sight of What’s Really Important

Take That Smart Step to Save Your DollarsIt’s easy to lose sight of what’s really important when you’re shopping around for a home insurance quote. The fact that out of pocket cost is one of the main selling points of a lot of home and auto insurance policies doesn’t help, either. But just remember this: if you’re comparing insurance, price should never be the determining factor. Quality and amount of coverage should be your main focus. But how do you know how much coverage you need?

The biggest part of determining that is to know the value of your home. And we’re not just talking about what it would sell for on the current real estate market or what you paid for it or what you think it’ll be worth in 20 years. We’re talking about what it would cost to rebuild in today’s dollars. You should also take these other factors into consideration:

• What is the total value of your belongings? If you own a lot of expensive electronics or collectible art that could be lost if your home is destroyed, you need adequate coverage for these.
• Your insurer may not be the best person to tell you what your home’s replacement would cost. In order to get an accurate dollar figure, talk to a local construction company instead.
• Consider getting a home appraisal from your mortgage company to help you determine its current market value. Although you should insure yourself for far more, this will at least tell you whether or not you’re underinsured.

Performing a homeowners insurance price comparison is just as easy as comparing auto insurance quotes, as long as you know where to look. Check out to do one or the other, or both at the same time. By combining your home and auto insurance, you could qualify for substantial package savings.

The 5 Most Important Questions to Ask a Texas Insurance Agent

Do Not Hesitate

When you start shopping around for car and home insurance in Texas, your agent is going to want you to spend as much as possible for these policies. Asking the right questions may not only save you money, but will also help you make the right decision as to which type of coverage is best for you.

1. What does your “bare minimum” policy cover?

Ask the agent to show you this first, rather than the highest-priced one. You simply may not need all the “bells and whistles” that come with more expensive policies.

2. What discounts am I entitled to?

The agent will probably give you a few examples of the discounts the company offers, but push him for more.

3. I already have an auto insurance policy with you. Am I getting all the discounts I’m entitled to on my current policy? If not, can I get them now?

It’s a good idea to re-examine your policy every few years. Things change, and some of these changes may mean you’re entitled to more discounts than you were before.

4. If I get both home and auto insurance with your company, will my premiums be cheaper?

Chances are the answer to this question will be “yes”.

5. Will you honor (insert competitor insurance company’s name here) discounts and differences in coverage amounts?

This is where comparison-shopping can come in handy. Find out what discounts other insurance companies offer and ask him if he’ll honor these. Also, get their price quote in writing. Faced with the actual figures and information, the agent may be willing to negotiate.

Why Landlord Insurance is Important

Landlord Insurance to ShieldProperty owners who have been renting homes to tenants know the importance of having proper insurance on their investment. People who rent out a home or condo may think that a standard homeowner’s policy is enough to protect their home in the event of a loss or claim. The wrong policy on a property can have negative consequences in the event of a claim.

If the wrong policy on a property is used, there is a good chance that you are spending too much money for the policy. A homeowner’s policy has added coverage that is not found on a landlord policy. The personal belongings coverage is the one that is different. The homeowner will want to protect personal belongings from loss, but a landlord has only minimal interest in the belongings in the home since they belong to the tenants. Since the coverage amounts are less on a landlord policy, they tend to be cheaper than a normal homeowner’s policy.

Another reason to have a correct policy for a rental property is the insurance company can cancel a policy that is not correct for the risk being insured. No one wants to hear that their insurance has been canceled. So it is important to have the correct policy on any property.

One of the most important reasons why a landlord policy is so important for a rental property is that any other policy may not cover any loss on the property. For instance, a motorcycle policy will not cover a car if the car were to be damaged in a hailstorm. You would need an auto policy to fix the damage. The same holds true for homes: You need a homeowner’s policy to fix a home you own and you will need a landlord policy for a home that you rent out.