Types of Auto Insurance Fraud And How They Affect You

Insurance fraud causes insurance companies a significant amount of money. However, the ripple effect is that insurance customers are affected as policy costs can be increased. At one point or another, Ft. Worth, TX residents have fallen victim to an insurance fraud crime. Main Street Independent Insurance Agencies Inc. takes you through the different types of insurance fraud that happen.

Staged Accidents

Some drivers intentionally cause a collision with another vehicle to receive a fraudulent insurance payout. In such cases, you will find the other unsuspecting driver being faulted for an accident they had no hand in. If you ever suspect that you are being set up, document the accident and the extent of the damage. Also, be careful of people too eager to help and even offer towing services.

Vehicle Dumping

A driver will dispose of their vehicle in such a case, whether it is dumping it in a lake or burning it. On certain occasions, some drivers have sold their cars and claimed they were stolen. When this happens, an insurance company is expected to pay the driver through an insurance settlement to replace the vehicle stolen.

Exaggerated Costs of Repair After an Accident

Dishonest mechanics usually do this type of fraud. Some mechanics will use used parts to repair your car when you take it to the repair shop after an accident. However, they would send a bill to an insurance company suggesting they use new parts and the job took longer than it did. This type of fraud is committed for financial gain.

Faulty Airbag Replacement

This type of fraud occurs when a mechanic does not replace airbags after an accident. At times, repair shops will use salvaged airbags instead of replacing them with new ones. The mechanics will then bill the insurance company for new airbags to benefit them financially.

If you reside in Ft. Worth, TX, and want to learn more about auto insurance fraud, contact Main Street Independent Insurance Agencies Inc. We are ready to help you avoid becoming a victim of insurance fraud.

4 Main Areas Protected By Home Insurance

Your home is, without a doubt, one of your most valuable assets. You’ve probably spent many years saving for that dream home. With all the beautiful interior, comfort, and sweet memories in your home, the best you can do is fully securing it. How so? Home insurance.

Think of an unlikely situation that can occur to your home, like a theft or fire. How many more years would you save to build your dream home again? If your answer is many, then it’s time to think about home insurance. If you don’t know where to start, worry not. At Main Street Independent Insurance Agencies Inc. located in Ft. Worth, TX, we got you.

Four main areas protected by home insurance

Your home insurance generally protects your home and possessions from a variety of insured perils. Some areas include:

  • Personal belongings: The policy covers all your personal belongings that may be stolen, damaged by fire, or any other insured disaster. Personal stuff you can cover includes electronics, furniture, clothing, firearms, jewelry, and sporting equipment.
  • The home structure: Dealing with a total loss due to a hurricane or fire is unbearable. Dwelling coverage policy protects against physical damage in the main home and other structures attached to it. 
  • Liability coverage: liability coverage is another main reason why home insurance is crucial. It could cost you an arm and a leg if someone got injured in your home, such as a dog bite. Talk of medical bills and the legal fees that may await you, but with home insurance, you are safe.
  • Additional living expense: If your home gets damaged and becomes uninhabitable, home insurance will pay for your cost of staying elsewhere. Other expenses, like hotel meals and laundry, if you are staying in a hotel, are also covered. 

If you are a homeowner and haven’t thought much about home insurance, perhaps it’s time you did. If you consider all the benefits the policy comes with, you should get excited about it and call our offices for that policy. At Main Street Independent Insurance Agencies Inc. situated in Ft. Worth, TX, it’s our job to help you make that informed decision.

Is commercial insurance required in Texas

Commercial insurance is something every business should consider. It is not just one type of coverage: several lines can be combined into a policy tailored to your needs. Talking to an insurance agent can help you to access your risk level and determine the right kind of commercial insurance for your particular business. .At Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX, we provide the finest customer service and as independent agents, we offer some top carriers in the business. 

When it comes to commercial insurance, the only requirement by the state of Texas is for commercial auto insurance. Commercial auto insurance is a necessity for any vehicles owned by your business. The required coverage is 30/60/25. What that means is $30,000 for injuries for each person in an accident with up to $60,000 for an individual accident. $25,000 coverage for damage to property. Many personal auto insurance policies will not pay for an accident that happens while on business use. 

Texas does not require employers to have workers’ compensation coverage but that doesn’t mean that it is a good idea not to have it. Workers’ Compensation is good for employees and employers, and it is worth considering for every business. 

Two other types of commercial insurance are also essential to the health of your business even though they are not required by the state of Texas, Commercial property and liability insurance. 

  • Commercial property insurance protects your business location from damage from a covered peril. It covers more than the building it covers the things you need to do business like machinery, equipment, electronics, and inventory. 
  • Commercial liability covers you from legal action against your business from customers, clients, and even employees. It also covers legal expenses to defend your business. 

 Contact Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX for all your commercial insurance needs. 

Questions To Ask Your Insurance Agent When You Are Shopping For Auto Insurance

When it comes to choosing the right auto insurance policy, many people get confused and do not know how to make the right choice. However, when you have the right information, it is easier than you think. The best and most valuable source of the information you need is an insurance agent. Main Street Independent Insurance Agencies Inc. serving Ft. Worth, TX prepared a list of questions you should ask an insurance agent when you are shopping for auto insurance:

What Is Covered If I Get Involved in a Car Accident and My Vehicle Is Damaged?

One of the most common misconceptions is that car insurance automatically covers the repair and replacement of a car. However, you may not have these benefits without the right coverage. If you want the repair and replacement of your car to be covered, you need collision coverage or comprehensive coverage. Make sure you ask an insurance agent about it before buying a certain policy. 

Will My Policy Cover Other Drivers of My Car?

Usually, your auto insurance will cover you while you are driving your own car. However, there may be other situations. For example, your family member may drive a car too, or your friend will borrow your vehicle. Will they be covered if they are involved in an accident while driving your car? It is another question you should always ask an insurance representative. 

What Factors Are Having Impact on the Cost of Insurance?

If you feel your premiums are too high, you should ask an insurance agent to give you specific reasons and explain what is the reasons for the price you have to pay. 

There are many other questions to ask and you should not hesitate to ask them. The more questions you ask, the more information you get that will help you make the right choice and purchase the insurance policy you really need. If you have any questions or you want to learn more about the insurance options available, feel free to contact Main Street Independent Insurance Agencies Inc. serving Ft. Worth, TX – our insurance agents will be glad to answer all your questions. 

What Types of Commercial Insurance Should I Purchase?

Suppose you operate your business in Ft. Worth, TX. In that case, you need to have the necessary commercial insurance policies to cover your entity for unseen occurrences that are likely to have adverse impacts on your organization. Main Street Independent Insurance Agencies Inc. helps you to understand the various types of commercial insurance policies that are available for consideration so that you can safeguard your properties, business, and even your workers.

Property Insurance

Your business’s property is important, and it provides the foundation that your organization uses to achieve growth and to offer services. Without properties, it is evident that your company will collapse, and it could be hard to start operations once again. The property insurance policy covers all the assets that your organization owns. This policy generally protects against theft, damages, and fire. 

General Liability Insurance

As a business serving hundreds or thousands of customers, there is a chance that some of your customers will be affected by the products or services on offer. Injured customers can choose to sue for compensation for personal injuries and associated damages. In this case, you need to have liability insurance to cover such eventualities. Legal expenses, property damages, and personal injury compensation are areas that liability insurance policy will cover.

Worker’s Compensation Insurance

Worker’s compensation insurance is not only a legal requirement in Texas but also across the country. This insurance policy is specifically designed to handle injuries that employees are likely to get, which are work-related. However, all employees covered by the worker’s compensation insurance are required to give up on the rights to sue the company in the case of an injury that happened while performing their work duties. 

These are not the only commercial insurance policies that your business needs. There are other specialized commercial insurance policies that are necessary for your enterprise. If you want to know more about commercial insurance policies, contact us at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX.

5 Tips for Prepping Your House For Winter

With winter fast approaching, now is the time to start preparing your house for the winter where the elements like snow, sleet, and wind can do major damage. Continue reading to learn how to prepare your house for the colder weather in next to no time.

1. Insulate, Insulate, Insulate!

Drafts emitting from windows can cause your energy bill to spike exponentially and leave you feeling far chillier than normal. Quickly and affordably fix the problem by applying v-seal weather stripping along the sides of the window that allow them to still open, but keeps the cold away.

2. Remove Tree Branches

Homes that have trees with limbs hanging near your home are more likely to suffer roof damage during a windstorm and may be susceptible to leaks from water cascading off low hanging branches. 

3. Clean the Gutters

Debris build up in your gutters can lead to costly ice dams that contribute to your home’s foundation is weakened. Once the fall leaves have fallen, either hire someone to do the job or use a ladder to remove leaves, twigs, and other debris that accumulates in the gutters.

4. Check the Roof

Winter is not the time to have a leaky roof and doing an inspection will help spot issues. Luckily for those that don’t like heights, you should be able to inspect your roof safely from the ground with binoculars. 

5. Fireplace Inspection

It is recommended that your fireplace be professionally inspected every year so be sure to call your favorite fireplace inspector early to avoid missing out on their services. 

When it comes to insuring your home, look no further than the friendly and professional team at Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX. Give us a call today to learn about our insurance products. 

How much auto insurance do I need to carry in Texas

Fort Worth, TX is a wonderful place to call home. It has a great location and fantastic amenities. You have access to highways that can take you all over the state. Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX has been providing superior service to residents of the greater Fort Worth area for 11 years. We make sure you have coverage today as well as in the future. 

In the state of Texas liability insurance is required. The requirement is 30/60/25. What this means is 

  • $30,000 in liability coverage for injuries per person 
  • $60,000 total liability per accident
  • $25,000 in damage to property

This insurance is to protect other drivers and their property from you in the event you cause or are responsible for an accident. It does nothing for your vehicle. Chances are in an accident that involves damage to another vehicle, your vehicle will also sustain some damage. If you have a car loan or if you are leasing your vehicle, your lessor or lender is going to want to make sure their vehicle is protected. They will require that you carry additional insurance for that purpose. 

Collision insurance cover damage to your vehicle. It has a deductible you will have to pay out of pocket but then the policy will pay to have your vehicle repaired or in the event, your vehicle is totaled, provide money allowing you to buy another car. Comprehensive is another type of coverage that protects your vehicle. Many things that damage your vehicle are things you can’t control. If your car is stolen or vandalized, crushed by a tree limb, or if you hit a deer these will be covered with comprehensive coverage. 

Main Street Independent Insurance Agencies Inc. in Ft. Worth, TX can provide the auto insurance information you are looking for. Give us a call or stop by for a free quote. 

Why should I get commercial insurance in Texas?

In the state of Texas, there are a lot of ways that someone could grow and develop a business. Those that live in the Ft. Worth, TX area will find that the strong local economy and support for small businesses provide plenty of opportunities for success. If you are going to start a business here, it is also important that you get the right insurance. There are several reasons why you should get a commercial insurance policy to protect your Texas business. 

Insurance Provides Valuable Coverage

The main reason that you should invest in a commercial insurance policy for your company is that it will give you very valuable coverage that could help to keep your company afloat. When you are looking to protect your company, the insurance will give you protection for your business assets and can offset liability risk. This could end up being helpful as it could keep your company solvent if you ever lose an asset due to damage or are sued for liability.

Insurance is a Requirement

You will also want to get a commercial insurance policy for your small business because it is a requirement for most businesses. A small business that takes out a loan, leases a building, or even raises capital will have commercial insurance policy requirements. When you get a full policy, it will ensure that you remain in compliance with these obligations.

Choosing a commercial insurance policy in the Ft. Worth, TX area is a big decision. As you are looking for coverage, you should call the Main Street Independent Insurance Agencies Inc. When you work with Main Street Independent Insurance Agencies Inc. you are going to get guidance that can help you to understand your needs and options, which will help you choose the right policy for your situation. 

When is home insurance needed in Fort Worth?

The Ft. Worth, TX area is a popular community for anyone to reside in. There are a lot of great places for you to visit when you are in the area and good professional opportunities. This can make Fort Worth a good place to own a home. If you are going to purchase real estate in this area of Texas, it is important that you get home insurance. There are several situations when this coverage is needed for you. 

When You Have a Loan

The majority of people that end up buying a home in the Fort Worth area will need to take out a mortgage. If you do take out a mortgage to finance your purchase, you need to make sure that you understand the insurance rules. Most of the time, you will need to have home insurance and even escrow your payments with the lender along with your monthly loan payment.

When You Live in an Association

There are many communities today that offer amenities to property owners. Along with these amenities, there are home associations set up to manage and run the community. These associations will almost always have a rule book that states that you will need to have home insurance at all times. This will help to protect you and others in the community.

There are a lot of situations when someone in the Ft. Worth, TX area will need to have home insurance. If you are going to get this insurance, you should call the team at Main Street Independent Insurance Agencies Inc. The team at Main Street Independent Insurance Agencies Inc. can help you understand all of your options. They will then help you to build a policy that offers protection and ensures your needs are met. 

Adding Teens to Your Auto Insurance: What You Need to Know

Being the parent of a teen has many challenges. You may think you are finally getting a grip on parenting your teen when you realize it is now time to add them to your insurance. This can be a stressful time for most parents. At Main Street Independent Insurance Agencies Inc serving Ft. Worth, TX, we want to try to relieve some of that stress by helping to educate you on this important insurance topic. 

When Should I Add My Teen to My Insurance?

Each state will have different laws in place regarding when a teen should be added to the insurance policy. If you have a teen in your home who is permitted by law to drive, you need to contact an insurance rep to discuss the best timing for adding your teen to your policy. 

How Will My Insurance Change When I Add My Teen?

Everyone’s insurance policy is unique according to their specific driving record and history, but you can expect your insurance rates to go up some when you add a teen driver. Teens are a bigger risk factor for accidents and traffic violations because they do not have that much experience. It is helpful to discuss with your teen what your expectations are and to inform them that their driving behavior can affect your insurance. Set in place clear consequences in the event that poor driving habits become a problem. 

How Can I Keep Costs Low?

Be sure that your teen understands what you expect of them concerning their driving behaviors and make sure they understand how their behavior will affect the insurance policy. Many insurance policies will offer a good grade discount for students as well. 

If you would like to learn more about adding your teen to your auto insurance, please contact us at Main Street Independent Insurance Agencies Inc, serving Ft. Worth, TX.