4 Reasons Why Umbrella Insurance is a Must

Like its name suggests, umbrella insurance provides overarching coverage and protection above and beyond a basic liability insurance policy. Whiteside Insurance Agency, LLC, located in Spicewood, TX, offers the following five reasons why you should consider umbrella insurance today. 

1. It protects you from the unexpected

You might wonder why you need umbrella insurance to protect you from unexpected occurrences when you already have insurance. With umbrella insurance, you have access to more coverage than a claim against your basic insurance. 

2. It helps you prepare for tragedy

No one expects an accident to happen. This is why they are called "accidents." Unfortunately, numerous tragic accidents occur each day across the United States. If you are found to be responsible for such an accident, an umbrella insurance policy can give you peace of mind. 

3. It goes above and beyond your liability insurance

Nearly all basic liability insurance policies — whether they are for your home or your vehicle — have a limit that they will pay up to in damages. If the event that you’re responsible for costs more than that amount, you’ll likely be sued for the difference. Umbrella insurance can begin to pay once your basic liability insurance has paid out its maximum amount. 

4. It can pay for an attorney

If you are sued by someone to get the money to pay for a tragedy that you’ve allegedly caused, your umbrella insurance can pay for your attorney. This is true even if you aren’t found to be responsible for the accident when it goes to trial. 

At Whiteside Insurance Agency, LLC, we provide the residents of Spicewood, TX and the surrounding areas with a variety of solutions for their insurance needs. Contact us today and learn how umbrella insurance can protect you, your home, your vehicle, and everything you’ve worked so hard to build from damages and dangers.

When is Flood Insurance Required in Texas?

It’s hard to watch the news during the wet season without seeing signs of flooding and subsequent property destruction. Insurance is the only way to protect your belongings in the event of a flood. One of the main things to remember is that flood insurance isn’t included in your regular homeowner’s policy. If you live in a flood zone, you are required to carry flood insurance, but there are lots of times you’ll want it even if it isn’t required. Check out the following information from Whiteside Insurance Agency, LLC in Spicewood, TX.

Texas Flood Insurance Laws

To protect your home and belongings from losses due to floods, you have to get separate flood insurance policy. For properties in a flood hazard area, lenders require flood insurance. FEMA has maps available to show where these hazard areas are located. The National Flood Insurance Program provides most flood insurance policies. Although, some private insurers sell flood insurance.

To purchase an NFIP flood policy in Spicewood, TX, call Whiteside Insurance Agency to help determine if your home is in a flood zone. Even if you don’t live in a hazard zone, buying flood insurance can give you peace of mind with an ever-changing environment. A large percentage of flood claims happen outside of a flood zone. Call Whiteside Insurance Agency, LLC to purchase flood insurance in Spicewood, TX.

Additional Requirements

If you have constructed, remodeled, or enlarged your property after September 1, 2009, and any part of your lot is in a flood zone defined by NFIP, you are required to purchase flood insurance. The requirement is relaxed only if no flood coverage is available in your area. Repair includes reconstruction or restoration of a deteriorating building on your property.

Final Word

Ask your Whiteside Insurance Agency, LLC agent if flood insurance can protect your Spicewood, TX home. Call today to set up an appointment for a quote.

 

Are You Too Young For Life Insurance?

When is it time to call Whiteside Insurance Agency LLC and start talking about a life insurance policy? The truth is it has less to do with your age and with your health than with the people who are dependent upon you.

In a sense, that’s really how we map out the timeline of our lives, isn’t it? If you’re an unmarried thirty five year old guy with no kids, you’re still considered, in many ways, a young man. But if you’re a forty year old man with a grandchild, you are quite literally a grandpa.

So when you’re considering buying a life insurance policy, you should spend less time worrying about your age and more time thinking about your family. A ninety year old whose kids are all making six figures a year doesn’t have much reason to worry about life insurance. But suppose you’re a fifty year old whose Spicewood, TX auto repair shop is thriving, but your children are still in their teens and twenties, still dependent on you to some extent or another. Then you want to think about what you’re going to leave for them should something happen to you.

So it’s less about how old you are and more about who relies on you, and what their options would be if you weren’t here. Life insurance is a just-in-case plan for when the people who need your help are left to their own devices. Whiteside Insurance Agency LLC can help you to determine what plan suits you best, no matter how old you are or how many dependents you have to be concerned for.

Types of Auto Insurance for Texas Drivers

Every driver in the state of Texas is required to have auto insurance, and there are certain amounts that every policy must have to meet certain minimum requirements. It may be advisable for you to get some additional coverage because it can give you extra protection in case of a loss. And because of rising medical costs and car prices, the state-required minimum may not be enough to cover the cost if you’re involved in an accident for which you’re at fault. That’s why you should consider looking at more coverage options.

What’s Available in the State of Texas

There are several coverage options for Texas drivers, and they can include but may not be limited to:

  • Liability Coverage – Every driver in the State of Texas is required to carry certain minimum amounts for both bodily injury and property damage, but buying additional amounts that can cover other losses may be advisable.
  • Collision Coverage – Covers any repair costs to your vehicle if you have been involved in an accident, and the insurance company will decide if it will cover the repairs or deem it a “total loss.”
  • Comprehensive Coverage – Covers the cost of any repairs if it was the result of a fire, vandalism, or theft. And it will include collision. Payment is limited to your car’s current cash value minus your deductible, and it won’t pay for the cost of a stolen vehicle if a police report hasn’t been filed.
  • Medical Payments Coverage – Pays for any medical or funeral expenses if the injury or death was caused by an accident, and it pays for anyone who has been impacted by the accident regardless of who was at fault.
  • Uninsured/Underinsured Motorist Coverage – Pays for any expenses related to an accident that was caused by an uninsured or underinsured motorist, and it will cover the costs associated with a hit-and-run driver. It will also cover any losses related to both bodily injury and property damage.
  • Towing and Labor Coverage – Pays for any towing costs if your car can’t be driven, and covers any additional labor costs (such as changing a flat tire or jump-starting your vehicle).
  • Rental Reimbursement Coverage – Pays for a rental car up to a certain amount per day if your vehicle has been damaged by something that’s covered under your policy.

If you want to get more information on these coverage options, be sure to get in touch with Whiteside Insurance Agency, LLC in Spicewood, TX today!

Additional Coverage Options in the State of Texas

You can purchase additional coverage that can help you replace stereo equipment, which can include the following:

  • CD’s
  • MP3 players
  • Cell phones
  • Stereo equipment not installed in your car

If you live in Spicewood, TX and want to get an auto policy that will meet all your coverage needs, contact the office of Whiteside Insurance Agency, LLC today!

When Tragedy Strikes: What You Need To Know About Business Interruption Coverage

Living in Spicewood, TX means being ready for natural disasters such as tornadoes and other weather-related incidents. Contacting your local agent at Whiteside Insurance Agency, LLC is the best way to come to the battle prepared with business interruption coverage. 

What is business interruption coverage?

Business interruption coverage is an additional stipulation in your commercial insurance policy that guarantees the revenue that your company would have made were it not closed due to damages caused by natural disasters such as fires or hurricanes. 

The add-on comes with numerous benefits that include financial security while you work to restore regular business hours and operations. Business interruption coverage saves you from paying out of your company or personal savings to keep the business afloat when it cannot substantiate cash flow for itself. You may consider the coverage plan as the bank account with additional funds of which you were not aware until it mattered. 

How does one obtain coverage?

Business interruption coverage is not a benefit sold on its own. You will need to add the product to an existing policy to reap all of its advantages during crises. 

The cost of a business interruption plan varies by insurance company and area. You can expect to pay substantially more in areas where the probability of devastation caused by disasters is higher than in other parts of the country. Still, even with higher premiums, the investment is worth it. You would much rather be over-prepared when tragedy strikes than scrambling to come up with funds to keep the business going when the structure is destroyed. 

Business interruption coverage is an additional expense that should be included in every firm owner’s budget. Whiteside Insurance Agency, LLC can help you determine the right level of commercial indemnity to fit your company’s needs. Call us today to schedule a consultation!

Bizarre Homeowners Insurance Claims

In most cases, one encounters bizarre insurance claim stories through comedians and weird news outlets. However, the reality is often stranger than fiction. At Whiteside Insurance Agency, LLC in Spicewood, TX, we ensure our clients have the best access to claims service by dealing with them as fast as we can. Every year, the claims service department see many claims from customers concerning their homes brought about by all manner of accidents. The agency makes certain these claims receive critical and professional attention, though some tend to stand out more than others due to their weird circumstances.

Below are some unusual claim stories:

An IT problem– It is impossible to prevent pets from helping themselves to anything. Particularly, cats can be very curious as one cat owner from San Diego discovered when they left their laptop unattended. Unfortunately, the cat spilled a cup of coffee that the owner had beside the laptop all over the keyboard. Both the cat and the owner learned a valuable lesson.

Splash screen – In Kansas, a 2 year-old dog had his dream of a refreshing swimming experience feature on a television. Thinking that it was a real swimming pool, the dog jumped and ended up hitting the screen causing an estimated damage of about $250.

An unexpected and unwelcomed guest– cleaning ones teeth is normally a peaceful affair until you introduce a wasp into the act. Thankfully for the Kilmarnock resident whose mourning clean-up was rudely interrupted, the only damage caused was to his sink after he knocked over a glass which damaged it while trying to chase the wasp away.

A shoe in – Children are another recipe for disaster at home as a Rochester resident discovered. One of the little darlings broke the television screen after launching a shoe at his sibling.

Something’s fishy– Another weird claim came from a man who was taking part in a competitive billiards-type of game. No sooner had he made a wild shot did the ball soar off the table and hit an expensive fish tank. All the fish were rescued and his claim paid.

Call Whiteside Insurance Agency, LLC Today

We will help you with your claim no matter the level of “uniqueness." Reach out to our agents in Spicewood, TX to learn more about how to start a home insurance policy. If you are looking for quotes from home, try our online rating tool for home and auto insurance. Call us at (877) 693-8882 to speak with someone or schedule an appointment.