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Lady showing key of her car

Coronavirus continues to spread and social distancing is recommended. However, surviving the pandemic does not mean that you cannot buy a new car. Getting a car during the coronavirus outbreak is still possible if you follow the required steps.

Buying a Car During the Coronavirus Pandemic

Many people might be wondering whether purchasing a vehicle during the coronavirus pandemic is possible. However, it is possible to get a car. All you need to do is to follow the safety precautions while buying a car during this pandemic. You need to be well-informed about the safety and security measures you should follow when interacting with others. These include practicing good hand and personal hygiene and wearing personal protective equipment.

The car showrooms might be closed due to the pandemic. In such circumstances, you can contact the retailer to place your order online. You can explore a car online that matches your requirements and budget. Once you have selected the car, you can contact the retailer about the availability. Then, you can place an order and do the paperwork online.

The Auto Market

Naturally, most markets have slowed down a bit due to dealership closures and stay-at-home orders. Due to low sales, several dealerships are offering special deals and discounts on car purchases. Those who are planning to buy a car during this pandemic can expect to get the best deals and huge discounts on their purchases.

After buying a car, get it covered by the right insurance policy to keep it secure. For assistance with all your car insurance needs, contact the experts at The Schwab Agency in Colleyville, Texas. We will help you choose the right insurance that meets your requirements and budget.

shop closed due to covid-19

The coronavirus pandemic has affected small businesses. It is a difficult time for them, as the supply chains and productivity are disrupted. They are concerned about whether they can survive this pandemic as they do not know how long the uncertain economic situation will last. However, the situation will not last forever, and things will turn around.

Here are a few coronavirus survival tips for small businesses:

Go Digital

Going digital can help small companies get through this difficult time. Digital sales and marketing, work-from-home, live streaming, video conferencing, online invoicing, and quick responses to customers via email or IM are some tools that will help your business survive.

Avoid Unwanted Expenses

You may not be able to change your fixed costs, but take a close look at some of the variable expenses that your business incurs. Cut down on all unwanted expenses and improve your savings. Doing only the required expenses will help you save some cash.

Reassess Sales Predictions

Be realistic about your new sales expectation rather than being overly optimistic. Think out-of-the-box to come up with some new thoughts and ideas.

Be Compassionate

Your employees are essential to maintain business productivity and survive this pandemic. Be flexible with them so that you can get long-term assistance from them. Do not be strict with your employees, as it may increase their mental pressure and lower their productivity.

Be Aware of COVID-19 Grants and Packages

Along with following the abovementioned small business survival tips, keep yourself informed of the various tax relief and business grants being provided by both the State and Federal Government.

All these tips can help your small business survive during this pandemic. You can also ensure the safety of your business by getting the right commercial insurance plan. Contact the experts at The Schwab Agency in Colleyville, Texas for all your business insurance needs and questions.

girl chatting in laptop

Coronavirus has changed the way we work and socialize. While staying in self-isolation and practicing social distancing helps us stay safe, they also negatively impact our mental health. Follow these health tips to keep your mind healthy during the COVID- 19 social distancing:

Use Technology to Stay Connected

Make the best use of your phone to stay connected with your friends and family through video and audio calls. Talk about the happy times you spent together so you don’t feel you are alone.

Complete House Tasks

Our busy lives keep us from paying attention to our home. Use this time to paint your house and declutter your belongings. This will make your house look good while keeping you engaged.

Do Regular Workouts

Doing simple workouts every day for at least 30 minutes will keep you healthy, fit, and relaxed. A healthy body will lead to a healthy mind.

Read and Write

Spend some time reading and writing. The things you write now will create memories for the future.

Chat and Play With Family Members

Share your thoughts and play indoor games with your family members.

Meditate

Meditate for at least ten minutes a day to keep your mind calm and composed.

Limit Your Exposure to Negative News

Stay away from fake news about coronavirus. Watch or listen to reliable news that keep you informed about the current situation – but don’t overdo it.

Following these mental health tips during social distancing will keep you happy and healthy. Another thing that would help you get peace of mind is getting the right insurance to keep your family secured. For assistance with all your personal insurance needs, contact the experts at The Schwab Agency in Colleyville, Texas. We are ready to help you get the coverage you need.

house on hand

The home insurance premium rate varies from one location to another. Like the age and construction of your house, the location is another factor that the insurance agency uses to asses risk. Read on to learn more about the reasons why location influences home insurance rates.

Three Reasons That Affect Home Insurance Rates

Your Location and Neighborhood

If the location of your home has a high rate of crime, falls in the coastal zone, near a water body, or falls in a high-traffic zone, insuring your home can be expensive. If your home is located near the sea, a river, or a large water body, it may be prone to flooding, so you need to pay more for insurance, as standard home insurance policies do not cover flood damage.

Homes insurance premiums can also be expensive in high-crime zones. On the contrary, if your home is near a fire station, you may be able to secure a lower premium.

The City

Check if the city belongs to the bygone era. Old cities with old houses are more vulnerable to structural damage than modern apartments. Insurance premium also depends on the city’s accident rate. Since bigger cities with more traffic are prone to frequent accidents, it can significantly influence home insurance rates.

The Province

Some provinces in the US witness high-seismic activity or are more susceptible to flood or wildfire. The premium rates will be higher in these places. Your home insurance premium will be low if your province is safe and secure.

This is how location influences home insurance rates. If you are looking to get the right homeowners insurance with a low premium, contact the experts at The Schwab Agency in Colleyville, Texas. We are ready to help you get the coverage you need.

smiling business owner

Protect your startup with the right commercial coverage.

When you open a business, you are opening yourself up to risk.  This is why it’s so important for business owners to protect their companies with the right commercial insurance protections.  But with all the coverage options out there, how do you know which policies you need?  Here are some of the most essential forms of coverage for new business owners.

  • Business Owner’s Policy (BOP)

BOPs are great options for small businesses because they combine general liability and commercial property insurance in a single, easy-to-manage policy.  BOPs offer coverage for third-party claims of bodily injury, property damage, product liability lawsuits, repair/replacement costs for business damage, and so on.

  • Professional Liability Insurance

Also known as errors and omissions insurance, this type of coverage is essential for businesses that provide professional services.  Professional liability policies offer financial protection in the event that your company is accused of making costly mistakes while rendering services.  This type of insurance is particularly important for architects, engineers, IT professionals, accountants, consultants, lawyers, medical professionals, and so on.

  • Cyber Liability Insurance

Today, most businesses have some type of digital element in their operations.  If your business collects, stores, or manages customer data or conducts business over the Internet, then you face the risk of cyberattack or data breach.  Cyber liability insurance is designed to cover the losses associated with a major cyberattack, including the cost of informing affected customers, restoring compromised information and identities, ongoing credit monitoring, repairing affected computer systems, and so on.

  • Commercial Auto Insurance

Finally, if your business relies on company vehicles to complete operations, then you need to protect these company assets and the employees who operate them with the right commercial auto insurance.  Much like personal auto policies, commercial policies offer coverage for repairs and medical fees incurred by an accident or damage event.  Commercial auto policies offer higher coverage limits and more diverse coverage options than personal properties to protect the higher liability risks and more valuable assets of companies.

This is what you need to know about commercial insurance for your newly-launched business.  Do you have additional questions about your business insurance needs?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are ready to get you the coverage that you need today.

filing folder labeled "life insurance"

What happens when your term life insurance policy expires?

One of the major concerns with term life insurance is that your coverage will eventually expire.  This is why many policyholders want to know what their options are as the end of their term draws near.  Here’s what you can expect once your term life insurance is set to expire.

  • Can You Lose Your Term Life Coverage?

When your term comes to an end, you don’t automatically lose your insurance.  You actually have the option to keep paying premiums and maintain your coverage.  However, there is a catch to this—once your term ends, your premiums will increase significantly.  Typically, most people cannot afford to keep paying such high rates, and they are forced to find a more affordable coverage option.  On the plus side, this option does help the policyholder avoid coverage gaps as they search for alternative life insurance.

  • My Term is Ending, What Are My Options?

If you are reaching the end of your policy term, then you have a couple of options.  If you are retired, your children are financially independent, and you no longer have ongoing financial obligations (debt payments, mortgage payments, etc.), then you can simply let your coverage lapse and go without life insurance coverage.

If you still need coverage, then the easiest and most common option is to buy a new term life policy.  While this will require you to go through the application and medical examination process all over again, this tends to be the most affordable life insurance option.  While your premiums will likely be higher than before (due to your age and health), your rates will be locked in for the entirety of your term, so you do not need to worry about sudden price hikes.

Finally, you may also have the option to convert your life insurance policy at the end of your term.  This option will allow you to change your term life policy into a permanent life insurance policy where you do not have to worry about your coverage expiring.  Please note that this option is not available on all term life policies and, even if it is, you might be subject to certain limits regarding when you can convert your policy.  For instance, many policies will only allow you to convert to permanent life within a specified window of time, usually within the first five years after the policy has been issued.  Other policies may require you to convert your policy before turning a certain age, usually before you turn 70.

This is what you need to know about your life insurance options when your term policy is close to expiry.  Do you need help securing the right life insurance coverage to fit your needs and your budget?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are eager to get you the coverage that you need today.

rat peeking out of home wall

Preventing common pest infestations.

During the warm spring months, insects and vermin are more active.  As a homeowner, this means that your risk for infestations is higher.  To ensure that your home isn’t overrun by unwanted guests, here are some of the precautionary measures that you should take.

  • Gnats

While gnats are more annoying than harmful, no one wants to a swarm of these tiny bugs inside their home.  The best way of keeping gnats out is by keeping your doors and any windows without screens closed.  You should also make sure that you don’t leave food or dirty plates lying around, as this can attract the winged invaders.  If gnats do manage to get inside, then you can trap them using apple cider vinegar.  Simply fill a jar a quarter of the way with the vinegar and place a funnel over the top of the jar.  The gnats will be attracted to the vinegar and fly into the funnel, but will not be able to get back out.

  • Ants

Ants are some of the worst pests to deal with.  When the weather turns warm, ants try to find ways inside homes so they can access food and water.  This is why one of the best ways to prevent an infestation is by never leaving food out.  The foods stored in your fridge and cupboards should be sealed in airtight containers, so ants are not attracted by the smell.  You should also inspect the areas around your home’s windows and doors and seal up any gaps or cracks where ants can enter from.  You can also attempt to ward ff ants using some home remedies.  Many homeowners claim that sprinkling cinnamon, coffee grounds, or chili powder around their homes’ points of entry is an effective way of keeping these tiny invaders away.

  • Mice and Rats

While most homeowners think about rodents infiltrating homes to escape the cold of winter, mice and rats are equal opportunity pests.  Regardless of the time of year, rodents are always looking for food, water, and shelter.  The best way to keep mice and rats out of your home is by sealing up any possible entry points.  Additionally, you should keep all food sealed up, so the smell doesn’t attract these pests.

These are some of the most common pests that homeowners have to deal with and what you can do to stop them from invading your home.  Want another way to protect your home and loved ones?  Then make sure you have the right homeowners insurance in place.  For assistance with all your home coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas today.

teen driver leaning out of car window

When do kids need their own auto insurance?

When your teen first learned how to drive, you probably insured them under your auto insurance policy.  However, as your child gets older and starts making their own way in the world, you may be wondering when they need their own car coverage.  Here’s what you need to know about covering your child on your auto insurance policy.

Typically, insurance providers will let you keep your child on your auto insurance policy as long as they continue to live in your home.  Once the child moves out, then they must secure their own auto insurance policy.  However, there are some exceptions to this residency rule.  If a child is moving away from home to attend college, then most insurance providers will allow them to remain on their parents’ auto policy.  This is because they still consider the parents’ home as the student’s primary address.  The other exception to the rule is children of divorced parents.  In this case, a parent can continue to list their child on their policy even if they only live with them part-time.

In addition to moving out, insurance providers will require children to secure their own auto insurance policies if they have proven themselves to be financially independent.  While each insurance provider has their own definition of financial independence, many insurers consider a child to be financially independent if they own a home or get married.

This is what you need to know about insuring your child on your auto insurance policy.  Do you have additional questions about your car coverage?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas today.

lightning storm

How you can avoid serious thunderstorm damage to your property.

If you live in an area prone to major thunderstorms, then you know just how devastating the damage left by these powerful storms can be.  This is why it’s so important to take steps to protect your home.  Here are some of the precautions that you should take around your property if a storm is brewing.

  • Install Storm Shutters

Because heavy rains and fierce winds can shatter your home’s windows, you should install storm shutters over them.  Not only will this prevent damage to your windows, but it also protects your family and belongings from getting hit by broken glass or debris.

  • Invest in a Surge Protection System

During thunderstorms, electrical lines are left vulnerable.  Lighting strikes can cause power outages, and falling trees can take out power lines.  Should this happen near you, then your home’s electrical system will probably hit with sudden power surges.  These surges can cause damage to plugged-in appliances and electronics and can even start fires.  To protect against these risks, you should put your entire home on a surge protection system.

  • Put Up Lighting Rods

Lightning rods are metal rods that you attach to the peaks of your roof.  Lightning rods help to direct lighting strikes to the ground instead of letting them strike the frame of your home.  So, make sure you put up your rods to prevent lightning damage to your home.

  • Test Your Smoke Alarms

Lighting strikes can cause a fire to break out on your property.  Because lighting is most likely to strike your home’s roof, make sure you install a smoke alarm in your attic, so you are alerted at the first signs of a fire.  You should also check the other smoke alarms in your home to make sure that they are operating properly.

These are some of the precautionary measures that you should take to protect your home from thunderstorms.  Want another way to keep your home safe?  Then make sure you have the right homeowners insurance protections in place.  For assistance with all your home coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas today.

family at beach

Protect yourself with the right insurance this spring break.

As temperatures gradually increase, the promise of spring is in the air.  For many students and families, spring is all about taking a break and setting off on an exciting vacation.  As you plan your spring break trip, make safety a priority with these insurance tips.

  • Homeowners Insurance

Before setting off on your spring vacation, make sure that you review and update your homeowners insurance.  Because your risk for theft increases anytime you leave your home unoccupied, you may want to speak to your insurance provider about increasing your personal property coverage limits.  Additionally, you should make sure that you have adequate coverage to protect against unexpected weather events that could cause damage to your home while you are away.  Depending on where you live, this might mean updating your flood, fire, earthquake, landslide, and/or storm coverage.

  • Auto Insurance

If you are taking a road trip for your spring break, then it’s important that you look over your auto insurance policy.  Because your risk for accidents and vehicular damage increases the more you drive, you may want to increase your policy’s coverage limits in preparation for your road trip.  Additionally, if your trip will take you over state lines, verify that your insurer will offer you the protection you need once you leave your home state.

  • Travel Insurance

Travel insurance is a form of coverage that will protect you from certain financial risks and losses that you may encounter during your travels.  For instance, travel insurance can help you cover the cost of lost luggage, last-minute cancelations, and medical emergencies.  If you are going on a particularly expensive trip or traveling overseas, then you should secure travel insurance to protect yourself from costly losses.

Protect the people and things that you love most with these spring break insurance tips.  Do you need help with your personal insurance?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Our dedicated team is ready to assist you with all your coverage needs today.