How much auto insurance do I need to carry in Texas

Posted on by admin

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?

Posted on by admin

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?

Posted on by admin

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

Posted on by admin

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. 

Business Interruption Insurance Can Protect You From Financial Losses

Posted on by admin

Business interruption insurance reimburses you for lost income in case of a disaster. You can find out if your commercial insurance currently has sufficient business interruption coverage by contacting Main Street Independent Insurance Agencies Inc in Ft. Worth, TX. We can review your account and help you beef up your coverage if needed. 

What Is Business Interruption Insurance?

This coverage prevents financial loss if you have to close up shop due to a disaster. Examples include a natural disaster or fire. To get business interruption protection, you must already have commercial insurance. When you add on this service, your insurance company prepares the appropriate rider. 

What You Need to Know About Business Interruption Policies

This insurance replaces income you lose when business operations cease due to damage or physical loss. The terms and conditions are outlined in your policy and your agent can help you better understand the coverage. 

For insured events, your insurance pays for the cost of operating the business, temporary relocation, taxes, loan payments and payroll expenses. Again, every policy is different, so it’s important to know how your coverage works. 

Most business interruption insurance won’t cover closures due to an epidemic or pandemic. 

How Long Does Business Interruption Insurance Last?

The written policy dictates the terms of coverage, including how long the policy lasts. Standard policies last 30 days but insurers may allow you to extend coverage as far as 360 days. This covers the day the insurance begins and often lasts until the business reopens or through the end of the coverage limit. Some policies have a waiting period to exclude short business interruptions that pass within two to three days. 

Contact Main Street Independent Insurance Agencies Inc in Ft. Worth, TX to set up an appointment for a few commercial insurance quote that includes business interruption protection. 

Does Home Insurance Cover Storm Damages?

Posted on by admin

Having a home can be challenging, especially when it comes to protecting it from unforeseen dangers. Of course, there are many things a homeowner can do to minimize risks to the home, but ultimately dangers associated with many threats, such as the weather, make having adequate home insurance in place necessary to protect that investment.

Storm Damages

Most home insurance policies cover all types of storm damages including damage from debris and other potential side effects directly related to the storm. However, flood damage isn’t covered by home insurance and the homeowner will need to purchase a separate home insurance policy to have that protection in place. The best way to ensure the home is completely protected by home insurance is to work with an insurance agent. They can help educate the homeowner about what the policy covers and make any recommendations to help ensure the coverage fits the current needs.

Get Help Finding Home Insurance

Anyone in Ft. Worth, TX who is interested in purchasing home insurance they can rely on should consult with Main Street Independent Insurance Agencies Inc. to find out more about the different types of home insurance available in their area. The agents can work closely with potential clients to assess their needs and then offer common sense insurance products to give them the protection they need year-round. They can also help their clients submit documentation to insurance providers and assist with paperwork related to insurance claims.

Anyone in the Ft. Worth, TX area who is in the market for reliable home insurance should call or stop by Main Street Independent Insurance Agencies Inc. today to find out more or to schedule a consultation with an agent. 

Does Auto Insurance Cover Bodily Injury in Ft. Worth?

Posted on by admin

Bodily injury after an accident can be an especially difficult matter to handle. All accidents are unnerving even under the best of circumstances, but a physical injury can be particularly devastating. If you’re wondering if auto insurance covers it in Ft. Worth, TX, Main Street Independent Insurance Agencies Inc. is here to help you understand more about how your policy works under these circumstances. 

Bodily Injury Is Covered (for Others)

As a driver in Texas, you’re required to have some degree of liability coverage for bodily injury. However, this only covers the medical injuries of other people as opposed to yourself. If you want to be covered, you’ll need additional personal injury protection. 

There Are Limits 

Bodily injury can be a tricky matter for some people. If you hit someone in a standard fender-bender and they experience whiplash, this may not be a major injury in and of itself. However, if the person had a preexisting condition, such as a neck injury or back problem, the impact could have much greater consequences. 

Learning More 

If you’re interested in learning more about the limits of your current policy (or setting up a new policy that will carry enough protection), it helps to talk with someone who understands how it all works. There are a number of solutions available to you should you want additional coverage, including changing your auto insurance policy or purchasing an additional safety net policy like umbrella insurance. 

Main Street Independent Insurance Agencies Inc. is here to help the people of Ft. Worth, TX understand more about their options. Contact us today to learn more about how you can have the best possible policy to ensure that everyone can heal and recover should an accident occur. 

Why Home Insurance Is A Wise Investment

Posted on by admin

At Main Street Independent Insurance Agencies Inc in Ft. Worth, TX, people still ask us whether home insurance is worth it. Are you one of those who think that home insurance is not necessary? While we can give you a direct answer, we will rather discuss some of the benefits of home insurance and allow you to decide whether it is a wise investment or not.

It is required for loans

A lot of banks and private money lenders now ask for proof of your home insurance. That means if you apply for a loan and decide to use your home as collateral, most lenders will request proof of home insurance. That’s one way of protecting their money.

Some home insurance coverage protects you against a lawsuit

If your guest slips and falls in your yard, you’ll be held liable. He could file a lawsuit against you. Your tenant could also sue you in the same situation. That means, if she falls in your house which she rented, she could also file a lawsuit against you for negligence.

Also, if the dog of your tenant bites someone, you may be held liable as well. You can imagine how much it will cost you to hire an attorney for legal defense. And if the plaintiff wins, you could see yourself paying several hundreds of thousands of dollars.

In fact, a couple of lawsuits could cost you more than your home. The good news is, your home insurance will take care of this if you are lucky enough to have insured your home.

Home insurance protects your home against natural disasters

Hurricanes, wildfires, and tornadoes have become a regular occurrence in the United States. So, it is a wise decision to protect your home against natural disasters. If your home gets damaged by a hurricane, there’s a home insurance coverage that will compensate you and also refund you for additional expense incurred if you have to live elsewhere until your apartment is fixed.

For other reasons why you should purchase home insurance, contact us at Main Street Independent Insurance Agencies Inc in Ft. Worth, TX. You may also visit our website to check out our home insurance products.

Does Each Major Asset Need Its Own Commercial Policy?

Posted on by admin

When you operate a business in Ft. Worth, TX, you have to learn how to juggle. It’s a vibrant city, but that comes with competition and a fast-paced business environment. In order to keep up, you need to get fast answers to important insurance questions. Main Street Independent Insurance Agencies Inc. loves providing fast answers. Let’s answer a common question right now. Does each major asset need its own commercial policy?

Yes

Every single asset needs coverage. You need property and liability insurance for everything of value. The property coverage is obvious. If something happens to an asset, you don’t have to replace it with cash on hand. As for liability, it seems weird that stock, buildings and other static assets might need this coverage, but it’s a harsh reality of business. People can find a way to get hurt anywhere, and you don’t want to lose valuable assets as a result.

But Also No

Every asset needs coverage, but that doesn’t mean you need an individual policy for each asset. Virtually every major insurer will help you bundle your assets to simplify your policy. Every asset will contribute to the bulk policy, but things can be simple. If you can bundle home and auto insurance, of course you can bundle business assets too. With that said, specialty assets do exist, and some of them might require an individual policy. That usually has to do with regulations more than the insurer’s policy, but exceptions exist to every rule.

If you want a deeper look at your commercial insurance options, the easiest way is to talk to your Main Street Independent Insurance Agencies Inc. representative. We’ve been helping businesses in Ft. Worth, TX, for a while, and we’ll be happy to help you too.

Does Adding A Teen Driver Impact Insurance Premiums?

Posted on by admin

Having a teen driver on the road can be a stressful time. One of the major concerns of most parents and guardians is providing the right type and amount of insurance protection for both the teen driver and themselves. One of the top concerns with auto insurance for teens is whether it will increase premiums for an established driver.

Does Having a Teen Driver Increase Auto Insurance Premiums?

In most instances, having a new teen driver added to an existing policy can increase the premium significantly. This is because teen drivers have a much higher risk of accidents and other insurance claims as opposed to established, mature drivers. Before adding a teen driver, it is essential to discuss the implications with an insurance agent. Be sure to understand the impact of premiums as well as coverage options before adding them or purchasing a different policy. 

Consult an Agent First

The first step towards getting the right amount of protection for a teen driver is to find a reputable insurance agency with agents who can work directly with the policyholder to discuss impacts on either new or existing coverage. They can explain what the terms and conditions in the policy are in detail and help decide if there should be an alternate option depending on the individual situation. Don’t guess when it comes to protecting a teen driver. Get coverage that is going to provide peace of mind and convenience that Main Street Independent Insurance can provide for the residents of Ft. Worth, TX.  

Whether you are in Colorado or Texas, our agents can help. Call or stop by Main Street Independent Insurance in Ft. Worth, TX. Agents are ready to assist those who have questions or need assistance with a policy purchase or amendment.