Costlow Insurance

Whether during a Catastrophe or in the Event of any Covered Insurance Loss it’s always nice to know your insurance company has your back but it’s also great to know the facts about how to file an insurance claim. Most people don’t know how to file an insurance claim or how to be prepared for the eventual day an insurance loss may occur. The attached Article will walk you through how to file a typical claim for your Home, Auto or Business. Hopefully this will give you some peace of mind in understanding the process of insurance claims. https://www.costlowinsurance.com/insurance-claims-tips/

Oftentimes, motorcycle enthusiasts are also ATV (all-terrain vehicle) enthusiasts as well. Like motorcycles, ATVs have their own designation and classification. Policies for ATVs share some of the same basic coverages as auto and motorcycle policies. Texas allows ATVs to operate on some public land and/or public trails and where and when allowed to do so ATVs are subject to state requirements. Please review the Texas Parks and Wildlife Requirements FAQs (Frequently Asked Questions) and the Texas Department of Public Safety ATV Training operations shown in the convenient Links provided below for the Texas OHV (Off-Highway Vehicle) Program: Texas Parks and Wildlife: OHV (Off Highway Vehicle) Program FAQ’s (Frequently Asked Questions) https://tpwd.texas.gov/state-parks/texas-off-highway-program/faqs-about-the-texas-ohv-program.Texas Department of Public Safety: ATV Training Operations https://www.dps.texas.gov/section/driver-license/training-operations-tod.

Motorcycle insurance is a must like car insurance, but what kind? What company? Liability, Collision, or Comprehensive Coverages? Liability Insurance is the only coverage required by law in most states, but this level of insurance coverage may not be enough. Liability coverage only pays other people for damage you do to them, to their vehicles, or other property. Smart bikers will want to have more than just liability coverage on their motorcycle insurance. Collision Coverage is the next level of insurance coverage. Within collision coverage limits, it pays for repairs to your ride and whatever you hit. Riders who have collision coverage will want to ensure that the coverage limits are high enough. Within collision coverage are more specific sections such as property, medical, etc. Comprehensive coverage can also be obtained and pays for situations that are not covered under liability or collision coverage. https://www.costlowinsurance.com/motorcycle-insurance-in-texas/

You may not be aware of it, but the state of Texas allowed a big change in home insurance or homeowners insurance (as it is known) a few years ago. Among other things, that big change allowed insurance companies to choose from a variety of different insurance policy forms, and/or create their own insurance policy forms. It allowed them to package insurance coverage to produce competitive price points with specific coverages that frankly sometimes don’t provide you with the best insurance coverage for your specific needs. That’s why it’s so important to understand homeowners insurance and not just buy a policy because it’s a good price. Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability/legal responsibility for any injuries and property damage you or members of your family cause to other people. This can includes damage caused to others by household pets. https://www.costlowinsurance.com/homeowners-insurance-in-texas/

If you’re a renter, you may not think you need renters insurance at all. (Your landlord already has insurance on the building, right?) What you may not realize is that your landlord’s policy doesn’t cover any of your personal property. Without Renter’s Insurance, you have got no coverage for personal property loss or damage. Fortunately, you can get affordable renter’s insurance to protect you in situations like these. Learn the ins and outs of Renter’s Insurance because you don’t want to be held liable for injuries to others while on your property, possible legal expenses, loss of personal items such as your clothing, furniture, television or entertainment system, computers, IPods, musical or sporting equipment or jewelry do you? Your policy will cover you for a List of Perils or Covered Losses such as: Fire, Lightning, Windstorm, Smoke, Vandalism or Malicious Mischief,Theft, Accidental Discharge of Water and Nine other common loss types. https://costlowinsurance.com/renters-insurance

Recreational Vehicles (RVs) in Texas are supposed to be fun, but they can also represent a significant financial investment in your life and a major financial loss if not appropriately insured. Let’s concentrate on RVs that are part vehicle and part home. For these types of RVs, insurance coverage differs widely by company and policy type in Texas. Make sure you understand the coverage you are purchasing and how it addresses the unique needs for your circumstance. RV Insurance is critical because a standard automobile and/or homeowner’s policy may not cover you for liability or physical damage to your RV. RV Insurance is not auto insurance and it is not homeowners insurance. It is a separate policy for a motorhome or other RV. A non-motorized RV such as a 5th Wheels or pull-along (camper or trailer) can be added to some auto insurance policies and covered per the auto insurance policy coverage type, but a motorhome RV cannot.

We know insurance can be confusing to consumers, so as professionals, we have tried through the attached illustrations to simplify Homeowners Insurance terms and types and inform you about your needs. This is just one example of how Homeowners Policy Types in Texas can be so different from one another and why it is so important to understand the different Types of Policies. Sometimes just getting a cheap Premium may not be the best answer for your Homeowners Policy. https://www.costlowinsurance.com/homeowners-policy-types/

Do you own a jet ski or a recreational watercraft? Personal watercraft are not generally covered by homeowners or auto insurance, and where they are, the coverage limits can be fairly low. That’s where personal watercraft insurance comes in. Personal watercraft insurance differs from standard boat insurance. Typical policies can include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments, although these may vary from company to company. Liability limits can start at $15,000 and can be increased to $300,000. This coverage will provide financial protection if your personal watercraft is involved in an accident. Most policies also include water sports liability, which covers risks associated with activities such as water skiing as an example. https://www.costlowinsurance.com/personal-watercraft-insurance/

We hope these insurance tips will help you get better coverage and show you ways that you may save money on some of the most common and basic insurance types. 1. Auto Insurance Tips - https://copy.costlowinsurance.com/auto-insurance-tips/ 2. Homeowners Insurance Tips - https://copy.costlowinsurance.com/homeowners-insurance-tips/ 3. Boat Insurance Tips - https://copy.costlowinsurance.com/boat-insurance-tips/ 4. Motorcycle Insurance Tips - https://copy.costlowinsurance.com/motorcycle-insurance-tips/ 5. Business Insurance Tips - https://copy.costlowinsurance.com/business-insurance-tips/ 6. Insurance Claims Tips https://copy.costlowinsurance.com/insurance-claims-tips/

Life Insurance can be the cornerstone of sound financial planning as you and/or your beneficiaries can use it to replace income, pay final expenses, create an inheritance and pay “Death” Taxes for Federal and State “Estate” settlements. You can also create a source of savings over time with Whole Life or Permanent Insurance. A life insurance policy is just that. It’s a contract between you and the insurance company on your life. You pay a premium for a certain amount of ‘death benefits’ (let’s say $1 Million, for example) that will be returned to your ‘beneficiaries’ (those you choose to receive your benefits upon your death) for insurance coverage placed on your life. https://www.costlowinsurance.com/life-insurance-in-texas/

Business drives our economy. Small business really drives our economy. There are millions upon millions of small to medium-sized businesses in the U.S., ranging from construction firms and landscapers to grocery stores, home-based businesses, ranches, and farms. They all have one thing in common: without the right insurance coverage, each could be wiped out by a ‘disaster’ or a ‘lawsuit’. In addition, almost all businesses are accountable for their workers’ safety and bear responsibility for injuries suffered on the job. Businesses small or large need to purchase at least the following four types of insurance: Commercial Property Insurance Commercial General Liability Insurance Commercial Auto Insurance Workers Compensation Insurance The insurance types listed above are only the business basics; Businesses should always consult a business insurance professional to review other forms of specialized coverages. https://www.costlowinsurance.com/business-insurance-in-texas/

Auto insurance is a contract between you (the policyholder) and an insurance company. As a policyholder, you agree to pay what is called a ‘Premium’ for insurance coverage on one or more cars that you own. The insurance company agrees to pay losses as defined in your policy. Texas law requires motorists to pay for the accidents they cause. That means drivers must buy auto liability insurance. This type of insurance pays to repair or replace the other driver’s car, as well as other people’s medical expenses when you are in an “at fault accident” (an accident you cause because of your negligence while driving). Because of car prices and the high cost of medical care today, the minimum amounts might not be enough if you cause an accident. If your liability limits are too low to pay for all of the other driver’s costs, the driver may file legal action against you to collect the difference. https://www.costlowinsurance.com/auto-insurance-in-texas/

Here are some important factors to consider in lowering car insurance costs: Shop around for car insurance, Maintain a good driving record, Maintain a solid credit history, Before buying a car compare insurance costs for that car, Buy your car insurance from the same insurance company you buy your home insurance or renter’s insurance from to get a discount, ask for higher deductibles on your car insurance to lower costs, reduce coverage on older cars and seek out other discounts as many insurance companies offer specific types of discounts for policy holders. https://www.costlowinsurance.com/low-cost-car-insurance-in-texas/

Well simply put, auto insurance rates are the ‘factors’ insurance companies use to determine what your particular Auto Insurance Premium’ (the money you pay for an insurance policy) will be! So maybe the better way to explain Auto Insurance Premium is to explain the factors that determine your auto insurance premium. Factors are defined as the ‘guidelines’ insurance companies use to decide what rates are, hence what your Premium will be. Here are a few of the factors insurance companies use to determine your Auto Insurance Premium: A good driving record, a solid credit history, age, theft history, gender, driving experience, value, model, age and engine capacity, VIN number, place of residence, ZIP code and security. As you can see, auto insurance companies take a lot of things into consideration when determining auto insurance. https://www.costlowinsurance.com/auto-insurance-rates-in-texas/

Texas law requires motorists to be able to pay for the auto accidents they cause. Most drivers meet this requirement by buying auto liability insurance. Generally, homeowners insurance provides financial protection against accidents and natural disasters. A basic policy insures your dwelling, the things you keep inside it and your legal responsibility to others. Even if a business operates with the utmost care and provide the best quality and service, a client can perceive you did them wrong. Business liability insurance protects you in the event of a lawsuit brought against you for personal injury or property damages. It can usually cover the damages from that lawsuit along with legal costs up to the limits of coverage in your policy.