Unfortunately you were recently involved in an auto accident. A week later you receive a settlement check from your insurance company and you are shocked and appalled at the settlement amount. Your car is worth so much more than the estimate. You wonder where on earth the insurance company get’s their numbers from. Don’t worry, you aren’t alone – and better yet, we can help!
So what exactly are these 4 methods to manage your risk and what are they good for?
In the Bay Area of League City, Kemah, Clear Lake, Bacliff and San Leon we love our boats and other toys.
Boat insurance is so important and so affordable. At Paula Smith Insurance we have a package to please any kind of boat owner. From the boat owner who wants just liability because they are only interested in managing their risk of being negligent, to the classic boat owner who has a historic vessel.
Lots of motorcycle riders in the Gulf Coast and Clear Lake Area don’t have enough coverage on uninsured motorist. In Texas it’s required coverage, but you are able to reject it in writing and lots of insurance providers may not explain the importance of including uninsured motorist on your motorcycle.
Coastal residence have a unique risk of flooding and rising water which is not always a threat to other Texans and our Insurance faces changes in 2011. Our FEMA managed National Flood Insurance Program is just as necessary today as it was 40 years ago.
Here are some considerations:
- There is not a private market that would be willing to provide this coverage. Why you ask? Well, simply put- people that are the most at risk to flood are the only consumers who purchase flood insurance. What that means to us in the Texas Gulf Coast is that there is no large group paying for the losses of a few.
This is a repeated theme in the home buyer’s thoughts. As people discover what a great community Clear Lake is to raise a family and want to move here, understanding your insurance risk is an important factor. We are a coastal community. Yes, we have the typical risk factors of fire and theft but windstorm and hail are high on the list of probability. Thankfully there are several methods to manage the risk if you shop early and work with a local professional who understands the area.
Home owners and flood insurance tips for folks in League City and the Gulf Coast, I learned after experiencing Hurricane Ike claims may help future Home Owners navigate the claims process faster. Being a Licensed Insurance Agent in Texas for years does not mean that a person has or ever will experience a wave of water 12 feet high devastating the homes of our community. We were blessed that each client of mine with a flooded home had flood insurance coverage. Even if you are a flood policy expert, the claims processing is a journey that can only be traveled.