Property and Casualty Insurance in North Texas
Should I purchase the Loss Damage Waiver offered by the rental agent when I rent a vehicle? This is a great question, and one that our customers ask frequently. Whether you rent a vehicle for personal use while on vacation, or as a substitute while your vehicle is out of commission for repair or service, or for business use while out of town, Continue Reading …
The experience rating modifier is the one area where an employer’s efforts can significantly reduce insurance premium cost. Experience rating is the interaction of claims management and workers compensation insurance pricing. An organization that controls its losses also controls its experience modifier and ultimately is responsible for higher or Continue Reading …
My teenager just received a license to drive. Do I need to add him/her to my policy now? Will it increase my premium? The short answers are “yes” and “yes.” Most personal automobile insurance policies written in Texas extend liability coverage to anyone using a covered auto with your permission, including children when they begin to Continue Reading …
I am taking my family on vacation this summer and we may travel to a foreign country. Will I need any special insurance to cover my personal property and liability? Vacations, whether taken in the summer or the winter, can pose unusual risks you don’t encounter every day, especially when you travel out of the country. If your fishing skills Continue Reading …
Why would a company decide to go bare on Workers Compensation Insurance in Texas? Cost? Because it’s not required? A bad memory of comp in the 1980’s? Whatever the reason may be, the reasons to carry workers compensation are much more compelling that the reasons to carry occupational accident. If cost is your issue, you need to Continue Reading …
Imagine this….The Texas Wildfires are fast approaching your Possum Kingdom lake house. What goes through your mind? “Get to Safety, This is why I buy insurance, right?” Fire is a covered cause of loss, but imagine how furious you would be if you found out after your house had burned to the ground that preventative measures could have Continue Reading …
Your certificates of insurance have just had a facelift. Thanks to a new law passed in the Texas Legislature, the way companies communicate insurance coverages through the use of ACORD certificates has fundamentally changed. The hope is that coverage miscommunications and misleading information will be a thing of the past. Senate Bill 425 went Continue Reading …
Do I need special coverage for my GPS, DVD player and other electronic equipment in my vehicle? This is a great question, and one that our customers ask frequently. Americans have developed a love affair with their electronic toys. TVs, DVD players, GPS devices, satellite radio receivers, VCRs, CD players, computers, tape decks, and stereos Continue Reading …
A certificate of insurance is an informational document issued by or on behalf of an insurance company. The certificate indicates that an insurance policy exists of a certain type and limits. Certificates are simply snapshots of basic policy coverages and limits at the time of issuance of the certificate. Certificates are not intended to modify Continue Reading …
Why is your agency declining to issue a certificate of insurance that provides for notice of cancellation to the certificate holder? In September 2009, ACORD revised the ACORD 25 Certificate of Insurance form. One of the major changes was the removal of the cancellation notice provision. We are unable to issue an older edition of this form, Continue Reading …