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What is Umbrella Insurance and Do I Need It?

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Signing up for the right insurance coverage for your individual needs provides peace of mind. This is especially true if you include umbrella insurance that goes above and beyond your standard policy. At All Around Insurance Agency, we can help Katy, TX, residents who want to know more about what umbrella insurance covers and if they need it to be fully insured.

What is Umbrella Insurance and When should you Get It?

Umbrella insurance is aptly named as it serves as a safety feature in the event of an accident. This could involve payments for repairs and medical bills.

A claim may be filed against you due to an accident with a vehicle or multiple vehicles. A visitor to your home is hurt in your yard, or someone trips and falls in your home. If your dog bites someone, this, too, can result in a claim.

Home and auto insurance policies have a limit on liability coverage, and once the limit is reached, you are responsible for the remainder. With an umbrella insurance policy in place, you can ensure your assets are safe by having additional coverage. On average, umbrella policies begin at around $300,000 and pay out as much as $1 million.

An umbrella policy pays for property damage, medical bills, and auto claims for underinsured or uninsured motorists. Another benefit of umbrella insurance is everyone in your household is covered.

Contact All Around Insurance Agency in Katy, TX

At All Around Insurance Agency, our team of qualified agents is experienced in explaining why an umbrella policy may or may not be right for Katy, TX, residents. Call us directly and let one of our agents walk you through the umbrella process from start to finish so that you can make an informed decision.

Do You Need to Insure Your RV When You’re Not Using It?

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Many people own RVs, and they all use them differently. You might take yours out a few times a year for trips or only for one big trip in the summer. Your neighbor might use theirs very differently; some people even live in their RVs full-time. If you’re in the Katy, TX area and unsure about your RV insurance needs, All Around Insurance Agency is here to help you make the most of your policy and protect your interests.

You might consider canceling the coverage on your RV when it’s not in use because it’s just sitting in your yard or driveway or a storage facility. It’s understandable why you’d consider that, but it’s also not recommended. Even if you’re not driving anywhere, your RV can still be at risk of loss through theft and other forms of damage. That’s why we recommend keeping your RV insured even when it’s not being used, for protection and peace of mind.

One way we can help is by finding you the best policy for your current needs. That includes making sure your RV has the right type and level of protection whether you’re using it or not. It may be possible to adjust your coverage for the times when it’s going to sit in storage or your driveway for months, but making sure you still have a policy that protects it during that time is vital to keeping it safe and reducing risk.

Contact our team today at All Around Insurance Agency if you’re in the Katy, TX area and looking for RV insurance. Whether you need a new policy or just some updates to your current one, our agents are here for you.

Trip Interruption Coverage Within Motorcycle Insurance

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Trip interruption coverage is often overlooked in motorcycle insurance. It provides financial assistance in scenarios where your trip on the road is unexpectedly halted due to mechanical breakdowns, accidents, or other events covered within the policy limits. This feature ensures you’re not stranded or facing unexpected expenses when your motorcycle journey is unexpectedly interrupted.

The Scope of Trip Interruption Coverage

Trip interruption coverage typically comes into effect when you’re a certain distance away from home, usually about 100 miles. This may include moments when your motorcycle becomes unusable due to a breakdown, accident, or theft. The coverage helps pay for necessities like lodging, meals, and alternative transportation in the meantime. Some policies also cover the cost of towing your bike to the nearest repair facility.

For example, suppose you’re on a road trip, and your motorcycle breaks down in a remote area. In that case, trip interruption coverage can cover the expenses of renting a car, public transportation, or a hotel stay. This coverage gives you peace of mind, saving your travel plans from being entirely derailed due to an unexpected incident.

The Importance of Trip Interruption Coverage

Motorcycle trips often lead riders far from home, significantly increasing the likelihood of costly interruptions. In such situations, trip interruption coverage can serve as a financial lifeguard, bearing incurred costs when your bike is out of commission. This offers extended security for long-distance travelers, ensuring your out-of-pocket expenses for necessities like travel, accommodations, and meals are handled during unfortunate events.

Texas Classic Insurance for Better Clarity on Insurance Needs

Texas Classic Insurance offers all the information you need about insurance. Our agency serves locations in and near Granbury, TX. Contact us today.

Three Factors to Consider When Buying Classic Car Insurance

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Classic cars are more than just vehicles. For most classic car owners, these vehicles are both hobbies and investments. Classic cars require special insurance coverage. At All Around Insurance Agency, serving Katy, TX, we want to help our customers make the best insurance choices possible. Let’s look at three factors to consider when buying classic car insurance. 

Real Vehicle Value

Car insurance policies are often based on the value of the vehicle. This can be tricky to determine with classic cars, though. Classic cars are valued very differently. This is why traditional car insurance is often not adequate. You’ll want to have the classic vehicle adequately evaluated by an insurance professional to get the right value and amount of coverage. 

Specialized Restoration 

It’s also important to consider any special restoration work that has been done to the car. This can greatly affect the overall value of the vehicle. You’ll want to discuss these types of details with an insurance representative. It’s also essential to have proper proof of the work done. This is one reason why you should always keep up with your documentation of these vehicles. 

Towing and Parts

If the vehicle requires specialized towing or parts, this should also be considered in the valuation and coverage of an insurance policy. Many classic cars cannot be towed or should not be towed in the same way as other vehicles. Finding specialized parts for repairs can also be difficult, so getting proper coverage in the event of an accident or damage will need to be taken into consideration. 

If you’d like to learn more about classic car insurance, please contact us at All Around Insurance Agency, serving Katy, TX, and the surrounding areas. 

Knowing Your Policy and Exclusions in Renters Insurance

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Renters insurance is designed to protect tenants in Katy, TX. However, understanding your policy’s specifics, including its coverage limits and exclusions, is crucial to ensure you have sufficient protection when unfortunate events occur.

Coverage Details

Renters insurance typically covers personal belongings within the rented home from theft, break-ins, fires, natural disasters, vandalism, and specific events stated in the policy. It also includes liability coverage, which offers protection against lawsuits for bodily injury or property damage caused by you or your family members living with you.

Policy Limits and Deductibles

Understanding the limits of coverage and deductibles in your renter’s insurance policy is paramount. Coverage limits are the maximum amounts an insurance company will pay when a claim is lodged. Deductibles, however, are the funds the policyholder needs to pay before the insurance company covers the bill’s balance.

Exclusions to Be Aware Of

Renters insurance also includes exclusions and certain events or situations your policy does not cover. Regular exclusions include floods and earthquakes, which require separate insurance policies. Other exclusions might encompass damage caused by pests, normal wear and tear, business-related activities conducted from your rental property, and high-value items such as art or jewelry (which may require additional coverage or a rider).

Reviewing and Updating Your Policy

Periodically reviewing your renter’s insurance policy ensures it still satisfies your needs. Life changes, such as acquiring new valuable items, relocating to a new rental property, or alterations to your financial status, may necessitate adjustments to your coverage. Regular communication with your insurance agent or company can facilitate your policy to remain current and provide adequate protection.

All Around Insurance Agency Is There For You

All Around Insurance Agency is available when you need insurance information. Our services cover the Katy, TX, locale and its surrounding areas. Get in touch today.

The Importance of Uninsured/Underinsured Motorist Coverage for Motorcyclists

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Texas requires all drivers, including motorcyclists, to carry a minimum of liability coverage. However, with liability-only coverage on your motorcycle, you and your passenger’s medical bills and property damage are left uncovered in an accident. Liability only covers the passengers in the other vehicle or property damage belonging to others if you are found at fault or liable for the accident when law enforcement examines the scene. So let our agents at All Around Insurance Agency in Katy, TX, help you find the best all-around coverage for your motorcycle.

With uninsured motorists (UM), you can get financial protection for you and your motorcycle in an accident with a driver who has no liability coverage on their vehicle. Uninsured motorist is commonly offered in two forms: uninsured motorist bodily injury (UMBI) and uninsured motorist property damage (UMPD). The bodily injury coverage of an uninsured motorist covers you and any passengers when the other party is at fault for causing the accident and has no liability insurance. This coverage can help alleviate the financial burden of medical bills and lost wages up to the UMBI policy limits that you select on the policy.

Similarly, UMPD coverage repairs your motorcycle when hit by an uninsured motorist, minus the deductible.

Underinsured motorist coverage (UIM), on the other hand, is a form of insurance that provides financial protection if the at-fault party causing the accident with you doesn’t have adequate liability insurance to cover the extent of your or your passenger’s bodily injuries and damage to your motorcycle.

Like UMBI and UMPD, the underinsured motorist coverages come in UIMBI and UIMPD, and the limits reflect the same ones you selected for UM coverage. It would take effect and cover the remaining cost of the damages to your motorcycle – minus the deductible (UIMPD). Additionally, it would pick up the remaining costs associated with your medical bills and your passengers’ lost wages (UIMBI).

For More Information

If you are wondering if uninsured/underinsured motorist coverage is necessary for your bike and is cost-effective, you can confidently reach out to us at All Around Insurance Agency in Katy, TX, at (281) 371-0052. We are here to provide detailed information about the coverages, guiding you to make an informed decision when protecting yourself, your passengers, and your favorite recreational toy.

Is Yacht Insurance the Same As Watercraft Insurance?

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If you own a yacht, you might be worried that it doesn’t fall under watercraft insurance plans. But there’s no need to worry. The size of the vessel often limits boat insurance policies and yachts. If this is a concern for you, rest assured that our experienced team at the All Around Insurance Agency in Katy, TX is well-equipped to help you find the best policy plan.

What is Watercraft Insurance?

Watercraft insurance is a type of insurance plan that covers boat, yacht, and personal watercraft insurance. Simply put, the coverage is designed to cover a wide range of watercraft vessels, regardless of size. Despite this, watercraft owners must know which policy they have, as boat insurance or individualized plans are not the same as watercraft insurance.

Yacht Insurance vs Watercraft Insurance

Yacht insurance is different from watercraft insurance. The main difference is that Yacht insurance is a policy that covers indemnity liability coverage for sailing a vessel. This can include liability coverage, property damage, and more. 

On the other hand, watercraft insurance offers a more comprehensive scope of coverage. It can include the coverage of multiple watercraft vessels, making it an excellent choice for those looking to protect all their watercraft property. Dealing with various insurance plans can be a hassle, so a single, inclusive one might be the better choice for your peace of mind.

Which to Choose?

If you’re stuck on which policy you need, then it’s best to contact us at the All Around Insurance Agency in Katy, TX. We can help you find the perfect insurance to suit your watercraft needs. If you have any specific questions or issues, then our representatives will help. In addition, you can find policy coverage listed on our website.

Why All Car and Home Owners Need Umbrella Insurance

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When you own a car and a home, you likely have the right insurance policies to take care of them. However, even home and auto insurance policies may not give you the amount of protection you need. Both home and auto policies come with several different kinds of coverage in them. One of these is liability coverage. You need a lot of this coverage, but those policies might not give you much of it. That’s why you need to have an umbrella policy as well. It helps you to be better covered for certain incidents and the costs they can bring. Call us at All Around Insurance Agency in Katy, TX to learn more.

More Liability Coverage

An umbrella policy gives you more liability coverage. It doesn’t just add this coverage onto one of your other policies. It adds to both your home and auto policies. It leaves them with an extra layer of coverage that can make a big difference in the event of an expensive accident. When someone is injured, and you’re liable, the cost can be quite high, even when the injuries aren’t serious. Your home or auto policies may not be enough to pay all of the bills. This can create an overage, and you’re responsible for that. 

Paying the Overage

When you have an umbrella insurance policy, it pays for that overage. Umbrella policies have huge maximums so that even a costly accident can be paid for without a problem. The home or auto policy acts first, paying until it maxes out. After that, the overage is paid by the umbrella policy. This can save you thousands in medical bills and other costs after an accident. 

Get Umbrella Insurance

When you need more coverage, call us at All Around Insurance Agency in Katy, TX, to get started. 

I have a 5th wheel. Do I need RV insurance?

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Diversified Categories of Recreational Vehicles

Recreational vehicles come in various forms—some motorized, some not. The laws dictating the need for RV insurance hinge primarily on whether or not your RV is motorized. Motorized RVs are still classed as vehicles but essentially homes on wheels. Our All Around Insurance Agency team is committed to helping Katy, TX RV owners secure the coverage they need.

Exploring the Concept of RV Insurance

RV insurance provides coverage against theft, property damage, natural catastrophes, windshield damage, liability, and accidents. Just like car insurance, there are different categories of coverage for RVs. If your RV is motorized, you must carry liability insurance since it is a moving vehicle. However, if your recreational vehicle is non-motorized, your auto insurance should offer tow insurance to cover your RV. Further, non-motorized RVs are not under the same purview of laws as their motorized counterparts. Moreover, insurance is typically a prerequisite if you’re opting for financing for a recreational vehicle, whether motorized or not.

Insurance Needs for a Fifth Wheel

Due to its non-motorized nature, your car’s towing insurance usually covers a fifth wheel. This means your auto insurance’s RV liability coverage also includes your fifth wheel. State laws necessitate that the towing vehicle incorporate RV liability insurance to cover any damages or injuries caused by the fifth wheel while on roads and highways. The vehicle towing the fifth wheel must carry liability coverage applicable when the fifth wheel is being towed. If you have doubts about the level of coverage needed for your RV, make sure to contact us. We’re here to guide you as you explore your options.

Four Ways To Secure Customer Data

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As a business owner, you are responsible for protecting the identity and information you gather from your clients. Below are four ways to secure this information and avoid any misuse in your company. 

1. Install Appropriate Firewalls and Internet Security

With any business system utilizing technology and gathering client data, firewalls and internet security must be established to protect network access. The best way to prevent hackers and others not part of the company is to limit their access to the network where the data is stored. 

2. Maintain Regular Updates

Updates and maintenance will be required to keep this system running properly. Stay ahead of the other updates to keep your system protected. If you lag in updates at any point, you could expose customer data and cause an unnecessary crisis. With your IT team or professional, you can identify when it’s time to have an update and run that process when the network isn’t being accessed. 

3. Establish Regular Data Audits

The best way to ensure you stay ahead of the proper precautions and updates is to participate in regular data audits. At least each quarter, review your stored data and determine what isn’t useful. Properly disposing of unnecessary data will have less data running the risk of being exposed and allow you to know what’s best for data collection from your customers. 

4. Reduce Access to Customer Data

Not all employees need access to customer data, so it should be limited to the need-to-know group and reduce access to this information. Management and administration should only access The most fragile information, especially if the data isn’t necessary for other employees to do their jobs. Keeping this information secured means less chance of it being exposed and misused. 

If you need a personal insurance quote in the Katy, TX, area, contact our agents at All Around Insurance Agency today.