Recent Updates Concerning Commercial Insurance in Texas

With our busy schedules, it’s easy to overlook recent updates concerning business insurance. We, as business professionals and entrepreneurs, are working hard to achieve the bottom line- gaining profits, and to stay abreast of the competition. Having said all of this, the following includes recent updates concerning commercial insurance in the state of Texas:

1. Appropriate coverage of Uber and Lyft drivers– with the gaps discovered with transportation networking companies, insurance laws relatable to those gaps became effective on January 1, 2016.  

2. The increase in burial benefit insurance for worker’s compensation– increased from $6,000 to $10,000.

3.  Financial requirements of bail bond insurers– to continue effective bail bonds’ issuance, bail bond insurers must clarify the premium receipts/service fees’ taxability.

4. Debt cancellation agreements with certain retail installment leases and contracts for vehicles–  the amendment except stated in the Texas capital legislature that a retail seller may provide a retail buyer an agreement of debt cancellation which includes a waiver of guaranteed asset protection or a similar type of agreement.  And furthermore, if part of the retail buyer’s responsibility towards the holder in the form of insurance coverage is required as the retail installment transaction, the asset is guaranteed.  

Conclusion

These are just a few commercial related insurance updates. To know more concerning these and other relatable updates, InsureUS, located in Cypress, TX, is the proper place of contact. InsureUS has top notch customer service and agents who are highly trained and experienced, and they are anxiously awaiting to assist you. As stated before, they are located in Cypress, TX which is just outside Houston, Texas. They also can be contacted via email, phone, and fax. So, call them today. You’ll have a peace of mind knowing that your business is adequately covered.

Unraveling Car Insurance Urban Legends

There are many commonly held beliefs that get passed on from person to person regarding car insurance. While some of these beliefs have been around for decades, it does not mean they are necessarily true. Luckily, the experts at InsureUS, serving residents in Cypress, TX, are here to help.  We have put together a quick list of some commonly held beliefs about car insurance that are not true. 

The Color of Your Car Matters

A myth has been circulating for years that red colored cars cost more money to insure. This myth has probably started with the conception that most sports cars are red. Because sports cars are fast and the owners can be reckless, the idea is then that ANY red car will see a hike in premium. The truth of the matter is that most insurance companies will not even ask what color car you have. Companies are more concerned with knowing the year, model, engine size, and safety features the car may have.

Speeding Sports Cars

The idea that sports cars cost more to insure because the drivers of them typically get more speeding tickets is completely false. In a survey conducted, the majority of speeding tickets are dished out to people driving sedans or SUVs. In fact, on the list of the top ten cars that receive speeding tickets, there was only one sports car mentioned. Insurance rates are determined by driver history, the type of car and the features the car possesses.

Thieves

Another commonly held misconception is that car thieves only want to steal new cars. While a new car may look enticing to a potential burglar, the truth is that older cars are typically stolen more often. This is because people are holding on to their cars longer and older stolen cars can be sold for parts. If you are expecting your insurance premiums to go down because you have an older car think again! There are many other factors that come into play when determining your car insurance premium. 

Luckily, if you are located in Cypress, TX, the experts at InsureUS are here to help.  We are available to answer any questions you may have to get you on the path to understanding the truth about car insurance. 

Stop Bad Driving Habits

Bad driving habits can result in injuries to you as well as cause significant damage to your vehicle. The independent agents in Cypress, TX at InsureUS would like to inform you on ways you can stop bad driving habits in order to keep you and your vehicle in good condition.

Riding on “E”

Lately, gas prices have soared, so you want to wait until it’s absolutely necessary to fill up the tank. This may cost you more in the long run. By letting your tank completely empty before a refill, you’re risking damaging your fuel pump. You could also end up with residue or sediment in the gas tank. Any residue could clog the fuel injector and cause further engine issues.

Accelerating and Stopping too Fast

You may have the urge to speed off after the light changes, but doing this could damage your car. If you speed up and then stop quickly, this could also cause unnecessary car trouble. By revving the engine, you’re essentially burning more fuel than you need to. In addition, stopping hard can cause extreme wear on your braking system as well as burn the rubber on your tires.

Driving Without a Seatbelt

By simply wearing a seatbelt, you may be able to prevent a considerable amount of bodily injury. In a collision, your seatbelt is meant to keep you from crashing into the steering wheel and windshield. Although airbags are also a helpful preventative measure, they are designed to work in tandem with seatbelt in order to minimize impact to the driver and the passengers.

You can ask the independent agents at InsureUS other ways in which you can stop bad driving habits. They service the Cypress, TX area and can help you with your current or new auto insurance policies.

3 Reasons To Shop Home Insurance In Cypress

Being a home owner in Cypress, TX has its benefits. You want to be a responsible homeowner and this means shopping for home insurance. You don’t want the first policy offered to you. Instead, it’s best to make some comparisons. When you know more about why you should shop for home insurance, it will be easier to do it.

It’s Affordable

It might seem time consuming to shop home insurance in Cypress, TX. However, when you work with one of our agents at InsureUS, we will be able to help you find competitive premiums. This will ensure you have an affordable premium to enjoy through the year. Plus, you don’t have to do all the research with the individual insurance companies.

There are Many Options

There are more options than you might think with home insurance. This includes getting the coverage where you need it the most: your belongings, your home, and for liability. Not all insurance companies offer the same level of coverage. This is why it’s important to take the time to shop the various options so you have what you need.

You Need Financial Protection

Financial protection is a must when you’re a homeowner. Unfortunately, things happen all the time. You can’t predict if a storm is going to damage your roof or someone’s going to break into your home and steal all of your valuables. The reason for shopping home insurance is to get a good premium that you can rely on. When you have financial protection in place, it will make it easier to contact the insurance company to file a claim. They will then take care of you so that you don’t have to spend a fortune out of pocket.

Learn more about shopping for home insurance and to get help every step of the way by contacting InsureUS today.

 

Auto Insurance Texas

The Lone Star state is a big place, and driving ever so popular. Texas mandates registration of auto insurance for all vehicle owners with the Department of Motor Vehicles (DMV). Traffic citations for driving without insurance in the state, can receive a fine of up to $350 for a first-time offense. The minimum level of auto insurance coverage is liability, to protect a driver from costs related to harm of another driver as result of an accident.

Required Auto Insurance Coverage

Depending on a driver’s record, and license classification, the minimum auto insurance carriage is liability. Drivers in Texas must have liability insurance to cover bodily injury and property damage at the minimum limits of:

  • $25,000 property damage coverage per incident
  • $30,000 liability for bodily injury per person
  • $60,000 liability coverage for bodily injury per incident

Optional Auto Insurance Coverage

Before signing on to auto insurance coverage, drivers in Texas can supplement liability insurance with the following options:

  • Auto rental
  • Collision insurance
  • Comprehensive insurance
  • Customized parts replacement
  • Medical expenses
  • Personal injury protection (PIP)
  • Uninsured/underinsured motorist insurance (bodily injury)
  • Uninsured motorist insurance (property damage)
  • Towing and repair labor

When working with an insurance agent, get more value for money on a policy with a discount for driver affiliation membership, or good student driving record. Combined insurance agreements may also cover auto indemnity at a lower rate. Factors such as age, claim history, model of car, credit score, and prior driving history while insured may impact total insurance premium price. If a driver has been classified as a risk as result of DWIs or traffic citations on their record by the Texas State DMV, auto insurance premiums will be higher.

To find out more about auto insurance in Texas, and to obtain a quote, contact InsureUS in Cypress TX.

3 Reasons You Need Home Insurance Today

Although it seems to be one of the least considered types of insurance, purchasing a home insurance policy is vital to ensuring that you and your family maintain suitable living conditions over time. Do you live in Cypress, TX and need more information in regards to acquiring a policy? The following is a closer look at three reasons you need home insurance today.

Accidents Happen

Firstly, one of the reasons you should always maintain home insurance coverage is because accidents happen. Although we like to believe we will know when bad things are going to happen and will always be prepared, unfortunately, the opposite is most often true. However, by acquiring and maintaining suitable home insurance coverage, you won’t be caught off guard and unprotected in the event of a major accident.

Mortgage Loan Mandates

In addition to that, most mortgage companies mandate that the homeowner must maintain home assurance for the entirety of the loan. Therefore, by acquiring a quality home insurance policy from the very beginning, you will avoid any hiccups brought on by the need to provide proof of insurance to your mortgage company. 

Theft Protection 

Lastly, the final reason to purchase a home insurance policy today is to protect your home against burglaries and theft. Although this will do nothing to stop the event from happening, this is one of the best ways to ensure you never lose substantial amounts of valuables that are stored within your home.

Overall, if you are looking for high-quality insurance in Cypress, TX, InsureUS is an excellent option. No matter if you are seeking home, auto, or any other type of insurance, InsureUS will provide you will competitive rates as well as excellent service. 

Keeping Your Home Insurance-Friendly Through Fall

Some people are lucky enough to live in climates where the weather stays mild all year long. If you live in a more turbulent environment, then you know all about the damage that weather can do to your home if you don’t take the right precautions. If you’ve gone through InsureUS and gotten a great policy, then you can rest assured that you’ll be covered should something happen. But, an ounce of prevention is worth a pound of cure, as they say. You don’t want to stay in a hotel while repairs are done on your home, so here are a few things you’ll want to do to keep your home safe through the Fall:

  • Trim any stray tree branches that may do some serious damage to your home
  • Install the storm windows
  • Winterize your pipes with heating tape or insulation
  • Get your firewood supply up if you use a stove or a fireplace
  • Check your propane levels if you use gas for heating or cooking
  • Inspect your home for drafts and leaks and patch up accordingly
  • Check your siding and make sure that it’s in good, stable condition
  • Have your furnace inspected by an HVAC professional, you generally want to get a tune-up once a year, and Fall is a critical time
  • Clean your humidifiers with a little white vinegar if it gets dry in the Fall where you live
  • Prepare your outdoors: Close the pool, rake the leaves, put the Summer furniture away, etc.

You may or may not need to check off every item on this list, it depends on what the Fall is like in your area. But few climates demand no preparation for Fall whatsoever.
 

Uninsured Businesses Cost More Money Than They Save

Opting not to pay for commercial insurance seems like a way to save a business money. Those premiums really add up quickly. However, it’s worth the money in the long run and for many reasons.

1. It Protects Against Liability Charged

Accidents happen. And unfortunately, they oftentimes happen to a business’ customers and employees. Commercial insurance prevents a company from having to pay for these claims out of pocket. The insurance will cover the cost. It makes it much easier to settle out of court and for a lesser amount. And even if it goes to court, having insurance makes it look better on the business’ part and just makes the outcome more favorable for the business.

2. Lawsuits Are Expensive 

In some instances, the amount is an astronomical amount that the company can’t even afford, so when there’s insurance, a majority of the expenses are paid by the insurance company rather than the business. Although the insurance doesn’t always cover the full claim, it only leaves the business responsible for some of the expenses. 

3. Protects Against Bankruptcy

A costly lawsuit causes the business to need to take responsibility for the money owed. If it’s too much, it can cause the business to go bankrupt.

4. Personal Responsibility 

The owner is sometimes left responsible for a lawsuit. This could cause a person to lose his or her home, even if the company became an LLC.

Having commercial insurance just makes sense and is the best option for a business. For more information about commercial insurance or to start a policy, contact InsureUS, serving the Cypress, TX area, at 281-640-8888.

Houston Area Homes and Flood Insurance

The city of Cypress, like the entirety of the Houston area, is prone to flooding. Houston lies on a great coastal plain that slopes evenly down into the Gulf of Mexico, and there is simply no high ground for miles around. The Texas countryside is particularly prone to flash flooding, which means that there may be less time for preparation than many people would expect. The Houston area can go from a drought to a flood in a day, and the Cypress Creek watershed can fill up with such rapidity that it can actually endanger unwary people. A Cypress homeowner can wake up to blue skies and find an inch of floodwater in their living room before dinner.

Large tracts of land in the Dry Creek watershed and other parts of town are built on the AE Zone. This means that there was a calculation that showed about a 1% chance of flooding every year for homes in that area. Flood insurance is especially critical in that area. Insurers may request that the homeowner have their property surveyed and issued an elevation certificate before issuing a policy for their home. Because of these risks, Cypress participates in the National Flood Insurance Program. Also known as the NFIP, this government program regulates and promotes private businesses that provide flood insurance.

People who own recreational vehicles in Cypress should consider obtaining insurance for their RVs. Most types of RV insurance offered by InsureUS cover water damage to the vehicle, so long as the damage is sudden and accidental. A flash flood event would certainly qualify. However, if the vehicle is not properly maintained or promptly seen to after the flood, then the insurance may not pay for the damage.

 

 

 

 

 

A Newbie’s Guide to Motorcycle Insurance

Whether you buy a motorcycle for work or pleasure, you need insurance protection to cover your investment. If you’re new to the motorcycle scene, it’s best to research your options before making any definite decisions on what kind of insurance to buy. Insurance companies and policies are not “one size fits all.” Here are a few guidelines that can help you get the best coverage for your new bike.

Get Insurance Quotes in Advance

Similar to car insurance, you can compare what different companies have to offer for bike insurance online. In fact, you may want to get a quote before you even purchase your motorcycle as some makes and models are more expensive to insure than others. High performance bikes used for sports racing, for example, are more costly to insure due to a higher risk of accidents and being more expensive to repair. By discussing insurance costs with a reputable agent in advance, you can make a smart bike choice that will keep your insurance cost down.

Work with a Reputable Agent

Comparing insurance costs online makes it easier to narrow company options so you can pay them a visit and clinch a deal. It’s good to talk to an agent in person as it allows you to ask questions, go over the policy in detail and establish a rapport with a company representative.  An agent can help you personalize your insurance coverage to suit your specific needs and budget. He or she can also explain the legal ramifications of having insurance to give you a better understanding of what kind of coverage to buy.  

Working with a company you trust is key to getting the best coverage at the best price. At InsureUS, we can guide you to making excellent motorcycle insurance choices to protect your new investment.