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home insurance

What You Need to Know About Getting Enough Home Insurance Coverage

Learn what you need to know about getting enough home insurance coverage.

When it comes to your home, it’s important that you have the tools that you need to protect yourself from disaster. Homeowners insurance helps to protect your property from damages both inside and out. Whether a disaster destroys the structure of your home or personal possessions are lost, your coverage gives you the resources that you need to make repairs and replace lost items. While your policy gives you the basic coverage, it’s important that you pay attention to your coverage limits.  Here’s what you need to know about determining whether you have enough coverage.

Rebuilding Costs.

When it comes to your home, it’s important that you have the necessary tools to protect it. When insuring your home, it’s important that you have enough coverage to rebuild from the ground up. If you’ve recently made any updates to your home, it’s important that you make amendments to your coverage limits. That way you have the resources that you need to fix your home after a disaster.

Personal Possessions.

Your policy gives you some coverage for your personal possessions. However, your coverage only gives you so much protection. When it comes to your personal possession, additional coverage helps to protect pricier items like electronics and jewelry. If you’ve purchased any new items of value lately, it’s important to update your coverage.

Supplemental Coverage.

Sometimes you need more coverage than your policy offers. Adding an endorsement to your policy can help you to get additional coverage for things like a home business, flood coverage, and more. Determine what extra you need so that you’re well protected.

When it comes to your home, ensure that you’re protected with enough coverage. Invest in the right homeowners insurance and any supplemental endorsements so that you can rest easy knowing that you’re covered. For all your insurance needs, contact the professionals at The Schwab Agency, located in Colleyville, Texas.

Know How to Go About Getting Your Home Appliances Fixed

Find out what you need to know about fixing your broken appliances.

When it comes to your home appliances, it’s important that you keep them running well. They are an invaluable resource when it comes to your household chores. But sometimes, despite your best efforts, your appliances break. Get your appliances up and running as soon as possible and check out these tips to help you handle broken appliances.

Stay Calm and Evaluate the Situation.

It’s frustrating to learn that your appliances are broken. The dishes may start to pile up, and your clothes may take forever to dry. However, it’s important to remain calm so that you can take control of the situation. Before you rush off to call the service person, check to see whether or not the situation is fixable without professional help. Check to see that the machine is plugged in, the water main is switched on, or that all your fuses are in good shape.

Call for Help.

If the issues aren’t something that you can easily fix, then it’s time that you call in a professional. But before you hire a professional, ensure that your appliance isn’t under warranty. If it is under warranty, use it to make the repairs. However, if you’re making the repairs without the warranty, ensure that it’s done properly. Before you hire a repair person, make certain that you do your homework. Check to see what credentials they have and that they have positive online reviews. The sooner that you do your homework, the sooner you’ll be able to fix your appliances.

When it comes to your home appliances, ensure that they’re well taken care of. Take care of your home with the right homeowners insurance. For all your insurance needs, contact the professionals at The Schwab Agency, located in Colleyville, Texas.

Invest in Homeowners Insurance Policy Endorsements

Get the policy endorsements that you need to protect your home.

Your homeowners insurance gives you the protection that you need to keep your home secure from disasters, whether they’re due to a house fire or a break-in. Your policy provides you with a variety of coverages, from rebuilding your home to replacing personal items that were destroyed in a disaster. However, keep in mind that your policy won’t cover all your risks. Avoid coverage gaps, and find out what you need to know about supplementing your policy with endorsements. Check out how homeowners insurance endorsements can help you keep your home well protected.

About Home Insurance Endorsements.

These endorsements help to give you the coverage that you need so that you’re better able to fill in the gaps. You can add endorsements onto your policy to help give you extra coverage. Your basic homeowners policy doesn’t cover certain threats to your home. Instead, you need endorsements to help you supplement your coverage. Things like floods, home business liability, and valuable item protection aren’t included in your policy. Determine what threats are most pertinent to your home and then compare your list to what’s covered by your insurance policy. If any coverages are missing, it’s important that you add a few endorsements so that you’re well covered.

Why Endorsements Are Important.

Endorsements are important so that you’re best able to protect your home and your wallet. It’s important that you know exactly what’s covered and not covered so that you’re not left with any surprises after a disaster. Invest in the right coverage so that you won’t have to worry.

When it comes to your homeowners insurance, customize your coverage with the right policy endorsements. For all your insurance needs, contact the professionals at The Schwab Agency, located in Colleyville, Texas.

What to Do When Filing a Homeowners Insurance Claim

Learn how to file your homeowners insurance claim correctly.

When you come home from vacation to discover that your home has been robbed, or find that a fire has destroyed your house, having homeowners insurance is a good thing. Despite the traumatic incident, your insurance helps to lessen the stress of such situations. However, it’s imperative to know where to start when it’s time to pick up the pieces. When it comes to your filing a home insurance claim, see what you need to know.

Contact the Necessary Parties.

After a disaster, it’s important to communicate with the appropriate parties. If the damage is a result of a crime, your first order of business should be to notify the police. Once you’ve filed a report with the police, your next order of business should be to notify your insurance agent. The sooner you inform your agent, the sooner you’ll be able to get your claim resolved.

Keep a List of All Your Damaged Property.

After a disaster, it’s vital to evaluate the damage. Take as many pictures as possible from a variety of angles to record the damage. Additionally, it’s a good idea to retrieve your home inventory. That way you’re better able to compare your damaged property to your list.

Save Your Receipts.

If your home is rendered temporarily uninhabitable, you may need to stay in a hotel and dine out. However, such expenses can get pricey. Fortunately, some policies will give you temporary living coverage. Keep all your receipts so that you can submit them with your claim.

When it comes to filing your home insurance claim, ensure that you have the coverage that you need. Invest in the right homeowners insurance policy. For all your insurance needs, contact the professionals at The Schwab Agency, located in Colleyville, Texas.

Prevention Tips to Keep Your Home Insurance Policy from Canceling

Learn how to keep your home insurance from canceling.

When it comes to your home, insurance is everything. It helps to keep your home and its contents protected so that in the event of a disaster, you’re not left to pick up the pieces on your own. Rather your homeowners insurance kicks in to help absorb the costs of the damage. However, your home insurance isn’t a guarantee. There are instances where you can put your insurance coverage in danger. Check out these common reasons why home insurance is canceled so that you can keep your home well protected.

Not Maintaining Your Home.

While it may not seem like a big deal to forgo trimming the trees on your property, fixing your roof, or cleaning your gutters, lack of home maintenance can put your home in danger. Not maintaining your home leads to a variety of threats that can increase your home’s risk for damage. Too many risks can cause your homeowners insurance to cancel. Stay up on your home maintenance to keep your home in great shape and to keep your home insurance from canceling.

Not Paying Your Bill.

Forgetting to pay your monthly insurance premium every once in a while isn’t so bad. However, if you make a habit of not paying your insurance bills, then you risk a policy cancellation. If you’re unable to pay for the service that they provide, it’s grounds for cancellation. Avoid any issues and make sure to pay all your insurance bills in full and in a timely manner.

Leaving Your Home Vacant.  

Leaving town for the weekend won’t jeopardize your insurance. However, it may put your policy in danger if you plan on leaving your home empty for more than 30 days. When you’re not home, your risk for accidents increase, which makes insuring your home riskier. So you need a different form of coverage. Contact your insurance agent to notify them of your vacancy so that they can get you the policy that you need for the right protection.

Protect your home from disasters and prevent your policy from canceling. Get the home insurance that you need. For all your insurance needs, contact the professionals at The Schwab Agency, located in Colleyville, Texas.

Safety Tips For Your Home While You're Away

Protect your home from burglaries while you’re out of town with these tips!

School is out for summer! With beautiful weather and without any school, it’s the perfect time to take a vacation. However, when you head out of town, it leaves your home vulnerable to burglaries. Ensure that your vacation is worry-free and check out these tips to ensure your home is safe even after you leave.

Talk to Your Neighbors.

When you’re preparing to leave, don’t forget to tell your neighbors. If they do notice any activity around your home, they can then alert the authorities. Additionally, give your emergency contact number to a couple of trusted neighbors just in case they need to get ahold of you while you’re away.

Beef Up Security.

If you already have a security alarm, you’re well covered. In the event that a person tried any funny business, someone at the security company will be alerted. However, if you don’t have a security system, you can fake it. Put a security system sticker on your property. There’s a 50 percent chance that it’s real, and most burglars won’t want to take that chance. It helps to keep your home safe and sound while you’re away.

Leave the Lights on.

A dark home signifies an empty home. Make sure to set a few lights throughout your home on a timer. Be sure to have the porch light on as well as in the living room. Just be sure that they’re on a timer so that they’ll go off at night. A dark house is suspicious, but so is a house with lights on 24/7.

Keep your home safe when you’re out of town with the right homeowners insurance. For your insurance needs, be sure to contact the professionals at The Schwab Agency. Located in Colleyville, Texas, we serve all your insurance needs.

What You Need To Know About Home Insurance Gaps

Protect your home from costly insurance gaps!

You’re the king (or queen) of your castle! You’ve invested in homeowners insurance and you always take the necessary precautions. You’ve ensured that your home is well cared for, but even with all your efforts, your home may be at risk for insurance gaps. Make sure there isn’t a lapse in your coverage. Check out these common insurance gaps mistakes.

  • Home Equity vs. Rebuilding Costs. Make sure that you have enough home insurance coverage for rebuilding costs. The value of your home, including the land it’s on is very different than rebuilding costs. Don’t confuse the two.
  • Coverage Limits. Be aware that there are limits to your coverage. Should you need additional coverage for your home consider taking out a personal property or umbrella insurance policy. Just be sure to conduct annual home inventories to ensure that all your coverage information is up to date in case you need to replace something.
  • While you may assume that your policy has you covered for water damage, that’s not the case. Far too many homeowners find out that their coverage isn’t sufficient until it’s too late. Flooding caused by both environmental and human sources are not covered under your home insurance policy.
  • Natural disasters. While your insurance is there to keep you and your home safe from damage and disaster, most natural disasters aren’t covered by your home insurance. You need a separate policy for each natural disaster.

Be sure to protect your castle with the right insurance policies. From flood insurance to personal property policies, contact the professionals at The Schwab Agency. Located in Colleyville, Texas, we serve all your insurance needs.

Shredding Guide

Identity theft is one of the fastest growing crimes in America. Falling victim to an identity thief can have serious financial and personal repercussions. One of the best ways to protect yourself from identity theft is to shred all personal documents to prevent a thief from getting ahold of your information. However, knowing exactly what to shred and how long you should hold onto it before sending it through the shredder can be a little tricky. Keep this simple guide in mind to know how long you should hold on to personal documents.

Items that you should shred immediately include:

  • ATM receipts
  • Sales receipts
  • Paid utility bills
  • Paid credit card statements
  • Credit card offers
  • Expired warranties
  • Cancelled checks that are not tax related

Items that you should hold onto for 1 year and then shred include:

  • Bank statements
  • Pay stubs
  • Paid, undisputed medical bills

Items that you should hold onto for 7 years and then shred include:

  • Tax-related cancelled checks and receipts
  • W-2s
  • Records for tax deductions

There are also some items that have special rules of when to shred, including:

  • Vehicle titles, which should be kept as long as you have the vehicle
  • Home deeds, which should be kept as long as you own the property
  • Home improvement receipts, which should be kept until you sell your home and pay any capital gains taxes
  • Disputed medical bills, which should be kept until the problem is figured out

Some items should be kept in a safe and never go near a shredder, including:

  • Social Security cards
  • Birth certificates
  • Divorce and marriage decrees
  • Adoption papers
  • Citizen papers
  • Tax returns
  • Death certificates

While some home insurance policies will provide coverage for identity theft, you may have to invest in a separate identity theft policy to provide the right amount of protection. Contact The Schwab Agency in Colleyville, Texas for all of your homeowners insurance needs.

Storage Unit Tips

Storage units are a great way to clear out some of the clutter in your house while still holding on to your assets. Storage units are available in almost any size and can help to keep your assets safe. Before deciding on which storage unit will work best for your needs, make sure to keep these tips in mind.

  • Security – security should be number one on your list of priorities when looking for a storage unit. Make sure that the entire property is securely fenced in and ask about the security measures that are in place. Take the time to get to know the neighborhood as well since a rough neighborhood could mean putting your belongings at risk.
  • Accessibility – you should be able to access your assets at any time of the day or night every day of the year. If you are storing a boat or trailer, or even heavy boxes, make sure to pick a unit that you can easily back your vehicle up to so that you can easily access your belongings.
  • Climate control – putting your belongings in a storage unit without climate control is no different than keeping it in your hot, stuffy garage. Ensuring that your belongings will stay safe in the proper climate can help to ensure that they stay in the same condition as when you put them in.
  • Reputation – read reviews for the storage unit online and ask other renter’s while you are checking out the property. If you hear more bad reviews than good ones, you may want to check out a different property.

Before moving your assets into a storage unit, make sure that they are properly protected with the right homeowners insurance policy. Standard home insurance policies will provide off-premise coverage for your belongings that you store at a different location, such as a storage unit. Contact The Schwab Agency in Colleyville, Texas for all of your homeowners insurance needs.

Saving on Home Insurance

All homeowners insurance policies are meant to protect your house. However, they are not all built the same, which means that they come at much different prices. While you do not want to base your home insurance choice solely on the cost, it should be a factor. To make sure that you are not paying too much for your coverage, keep these tips in mind to save on homeowners insurance.

  1. Compare – since not all insurance companies will offer the same coverage options at the same price, take the time to shop around and compare your options. Working with an independent insurance agent can help to make the process much easier since they will compare policies for you.
  2. Increase your deductible – just like your other insurance policies, the higher your deductible is, the lower your premiums will be. Just make sure that you choose a deductible that you can actually afford in case you ever have to make a claim.
  3. Combine – most insurance companies will offer discounts if you combine your home insurance policy with your other personal policies, such as life and auto insurance. Before you automatically bundle your coverage, make sure that you will actually be saving money.
  4. Install security features – the less likely it is that your home will be damaged, the more you can save. Make sure that you have working fire and carbon monoxide alarms, as well as a burglar alarm installed to help keep your home and assets protected.

For all of your home insurance needs, contact the insurance professionals at The Schwab Agency in Colleyville, Texas. As an independent insurance agency, we will work with you to make sure that you have the right amount of protection for your specific needs, all at the right price to fit your budget.