Why do people in Texas need to get boat insurance?

The Austin, TX area continues to be one of the fastest-growing parts of the country. Many people love this area due to the warm weather, which is around for almost the entire year. If you are looking to move to this area of Texas, owning a boat can be a good investment as you can use all the local waterways. Along with your boat, you should also get insurance for it. Boat insurance is typically needed for a few reasons. 

Coverage is a Lender Requirement

Buying a boat can be a very big purchase. Due to this, it is common that a boat owner will need to take out a loan when they complete their purchase of the boat. If this is the case in your situation, you need to carefully assess your insurance requirements. Many boat loan providers will require that borrowers maintain full coverage until the loan has been completely paid off. 

Coverage is Required by Local Marinas

It is also common in this area of Texas for local marinas or waterways to require insurance. A local marina will want to ensure that all boats and boat owners are adequately protected. A great way this can be done is by requiring all owners and users of the marina to provide evidence that they have a full boat insurance plan in place. 

People that are in the Austin, TX area and want to get boat insurance will want to speak with someone experienced and that they can trust. A great group to speak with is TAB Insurance Agency LLC. If you do call TAB Insurance Agency LLC you can learn a lot about your different insurance needs. The team can then give any support you need to build your next boat insurance plan. 

Can I add a motorcycle to my auto insurance?

In the state of Texas, all drivers need to show financial responsibility in the event that they cause an accident. That includes motorcycle drivers as well as those who drive autos. This means they must either give a cash bond or have liability insurance. The required amount is 30/60/25. That is $30,000 in bodily injury liability coverage for a single person in an accident, with $60,000 for all the people injured in an accident. $25,000 is for damage to property. In Austin, TX,  TAB Insurance Agency LLC has experienced agents who can help make sure you have the coverage you need. 

Many motorcycle owners are also automobile or truck owners and have auto insurance. The question of whether you can add a motorcycle to the auto policy you already have is bound to come up. It seems like it would make sense to just add the motorcycle to your auto policy, the same way you would add any other vehicle you acquire. It isn’t that easy though. You can not just add a motorcycle to your auto policy the same way as a car. 

That is not to say that you can not add it, but you must do it a different way. You must add an endorsement for your motorcycle that has the same liability as you are required to have by the state of Texas.

Not every auto policy allows you to add a motorcycle as an endorsement. If you happen to have one that doesn’t allow it, you can always just get a motorcycle policy and then bundle your policies. It will give you a multi-policy discount which, while it is not as convenient as putting it on the same policy, is the next best thing.  

Contact TAB Insurance Agency LLC in Austin, TX for all your motorcycle insurance needs. 

Small Business Insurance Coverage that Protects Your Business

Small business owners often get overwhelmed by the number of insurance policies available to them. Whether you own a contracting construction firm or a boutique, many of the coverage needs are the same. There are several types of insurance policies that all small business owners should consider purchasing. Let the professional team at TAB Insurance Agency LLC in Austin, TX help you select the appropriate policies so that your business is protected when the unexpected comes up. 

Crucial Coverage for Your Small Business

Business Interruption Coverage

In 2017, Hurricane Harvey stalled business operations for thousands of companies across Texas. As a result, many business owners were struggling to pay bills and employees during that time. This same scenario can happen to anyone, but for a small business, it can be devastating. Business interruption coverage offers financial assistance in specific situations that cause you to close your business for a certain period of time. Whether it is a gas leak or a hurricane, most policies like this will offer coverage of both bill payment and employee payroll.

Worker’s Compensation

If your business has a team of employees, Worker’s Compensation is a definite must. Accidents in the workplace happen, no matter how you try to avoid them. And, if an employee feels they have not been fairly compensated for lost wages due to injury, they could file a lawsuit against your company. Worker’s Compensation typically covers any medical and disability an employee can claim due to workplace injury. Additionally, some policies will include coverage of legal fees and representation in the instance you face a lawsuit.

Property Damage

Whether you are a start-up company or long since established, losing property associated with your business can be devastating. If you are considering the purchase of a property damage policy, speak with an insurance agent at TAB Insurance Agency LLC in Austin, TX. Our team will help you find a policy that includes all aspects of your business property, from structure to inventory.

Tips to Reduce Your Energy Usage

With energy costs on the rise, homeowners need to do everything possible to help keep their energy usage down and help keep their energy bills as low as possible. So take time to go through the home and make the following changes to help reduce your household’s energy usage in Austin, TX. 

While making changes in your home to reduce your energy usage, don’t forget to protect it from the elements. Reach out to our agents today at TAB Insurance Agency LLC for information about protecting your home. 

Energy-Efficient Appliances

Energy-efficient appliances include washers, dryers, refrigerators, microwaves, and dishwashers. When replacing existing devices, opt for energy-efficient units by looking for those with the Energy Star Logo. 

Solar Power

Switching to solar power can help significantly reduce energy usage in a home. However, if switching to solar power for the entire house is not an option, consider converting your water heater and pool pump over to solar power. By changing these two units, you can help conserve a significant amount of energy. 

Smart Thermostat

Switching to a smart thermostat allows you to control it on your phone or other internet-connected devices. Using a smart thermostat means you can change things while you are away and monitor your home’s temperature. Additionally, turn the heat down a few degrees than usual to save on energy usage. 

Leaky Faucets

Check your entire home and fix leaky faucets. Fixing leaks can reduce the number of wasted water and your annual water consumption. 

Austin, TX residents can do several things to help reduce the energy they use in their homes. Once your home is more energy-efficient, it is time to review your insurance policy. Give TAB Insurance Agency LLC experts a call for additional information on protecting your home once you have made it more energy-efficient. 

Motorcycle Laws for Texas

To ride a motorcycle in Texas, you must follow the motorcycle laws for helmets, passengers and have proof of financial responsibility or the minimum liability insurance. We serve motorcyclists for all of their insurance needs at TAB Insurance Agency LLC.

Helmet Laws

Helmet laws were created for your safety while riding. You must wear a helmet unless you are a minimum of 21 years old and you have health insurance to cover medical and hospital costs if you are in an accident. This is the same law for both a rider and a passenger.

Motorcycle Licensing

You must complete a motorcycle safety course to apply for a motorcycle license in Austin, TX, also known as a Class M license. This can be waived if you are already licensed to ride a motorcycle in another state.

Minors

Applicants must be 15 years old to get a Class M license and they need to complete a 32-hour course in advance of the application process. They may be given a provisional license in which they can only operate a 250 cubic centimeter piston displacement for a year before securing a non-conditional license. All Class M applicants must complete a driving test on the road.

Motorcycle Insurance

The great state of Texas requires all motorcycle drivers to prove their financial responsibility in the case of an accident that they cause. For most individuals, the easiest method of this is to obtain motorcycle insurance.

The minimum liability insurance to carry for a motorcycle is expressed as 60/25/30, meaning it must cover $60,000 for bodily injury coverage per accident, $25,000 in property damage coverage for each accident, and $30,000 for bodily injury coverage for each person injured in an accident.

At TAB Insurance Agency LLC, we realize the motorcycle laws and insurance requirements may be a bit confusing. You can contact us by phone or come by the office near Austin, TX in Frisco to get any additional information you may need. We are here to serve you.

How to File a Successful Boat Insurance Claim in Texas

When you have an accident, damage, or theft to your boat in Texas, the process of filing a claim on your boat insurance can feel confusing. Filing a successful boat insurance claim is very similar to filing a successful car insurance claim. Document everything, and stay in contact with your insurance company. 

At TAB Insurance Agency LLC serving Austin, TX, we want you to have an easy claims process if you suffer damage or theft with your vessel. Here are the steps on how to file a successful boat insurance claim in Texas.

Ensure the Problem is a Big One

If you have a small scratch on your boat after a docking problem, don’t call the insurance company. Find a way to repair it and eat that cost. 

If you have been sideswiped by a major vessel or there has been a major crime, call the insurance company. 

You will be eligible for loss-free discounts when you don’t call them for every potential boat problem.

Call the Police or Coast Guard

If there has been a crime, or there is significant damage, call the police or Coast Guard. You will need to file a report on the incident. Get a copy of that report for your insurance company.

Document Information After an Accident

After you’ve been in a boating accident, follow the same information exchange procedure that you would in a car accident. Exchange boat ID, insurance name and contact information, and names of any witnesses.

Make sure that you document every aspect of the problem that you can. Take multiple photos from all angles before you call the insurance company.

Hold Off on Repairs

If your boat needs a repair, hold off until you have had an in-depth discussion on the matter with your insurance company. They should have everything they need if you have documented the entire situation thoroughly. They may recommend a place for repair, and you will know how much you can spend on repair after you’ve spoken to them.

File the Claim

After you’ve had a boat accident or loss and gathered the documentation, file the claim. Talk to your insurance company as soon as you can. The sooner you do, the sooner the problem is behind you.

Get a Quote for Texas Boat Insurance Today

At TAB Insurance Agency LLC serving Austin, TX, we want you to be protected against every possible boating problem. Call us today for a free quote.

What would happen if I do not have auto insurance in Austin?

Anyone that is in the Austin, TX area will find that owning a car is quite convenient. Those that would like to buy a car when they are here do need to make sure that they have the right insurance in place. An auto insurance plan is required for all drivers here. If you do not have coverage, you could face a variety of challenging situations. 

Legal Challenges

One situation that could occur if you do not have auto insurance is that you could face legal challenges. In the state of Texas, all people are required to have liability coverage whenever they drive a car. If you are driving without insurance and are caught without auto insurance, you could be penalized. Depending on the situation, this can include fines, loss of licensure or other penalties. 

The expense to Make Repair or Pay Restitution

An auto insurance plan is important as it offers financial protection if you cause an accident and need to pay restitution or if your car is damaged or stolen and needs to be repaired or replaced. If you do not have coverage, you will still be responsible for all of these costs. This could require that you come out of pocket a significant amount of money, which you may not have access to. 

Those that are going to get own a car in Austin, TX clearly need to have an auto insurance plan. When you are looking for a new policy for your vehicle, a great company to reach out to is TAB Insurance Agency LLC. The team with TAB Insurance Agency LLC understands the need to have auto coverage. They will give you the help you need to choose a plan that is right for you and meets your needs. 

Three things you might not know about boat insurance in Texas

As a boat owner in Austin, TX, it’s important for you to purchase a boat insurance policy to protect the investment you’ve made in your watercraft. We sell boat insurance at TAB Insurance Agency LLC.

The following are three things you might not know about boat insurance in Texas.

You can buy a policy that will offer "lay-up" options.

It’s important to look for "lay-up" options in your policy if you only use your boat during certain seasons of the year.

With these options, you won’t have to pay as much in boat insurance premiums in the off-season when you’re keeping your boat in storage rather than taking it out on the water. 

You can cover land risks with a boat insurance policy.

Boat insurance isn’t just about covering financial risks when you’re in the water with your boat. Boat insurance policies can also offer coverage when you’re on land with your boat. For example, boat insurance can offer coverage for when you’re transporting your boat or keeping your boat in storage. 

A boat insurance policy typically entails navigational limits. 

One of the most important things to understand about boat insurance is any navigational limits in place. Boat insurance policies typically only offer coverage in a certain area. If you travel outside this area with your watercraft, you will not be compensated through an insurance claim if your boat becomes damaged. 

You can learn more about boat insurance by getting in touch with us at TAB Insurance Agency LLC. Contact us with your questions about boat insurance coverage in Austin, TX. 

Which home insurance coverages should you focus on if you have children?

Which home insurance coverages should you focus on if you have children?

You must have done thorough research when buying your Austin, TX home. Double that if you are getting a home insurance policy where children are involved. Insurance experts at TAB Insurance Agency LLC recommend enquiring about coverages that help keep your home and your children safe. Luckily, you don’t have to dig much because we have listed them below.

Personal liability coverage

One of the most important coverages for a homeowner with children is liability coverage. Lawsuits have become quite common in America and can quickly empty your bank account if you are not careful. If you have teenagers in your home, you may want to increase the coverage limit to cover bodily injury, property damage, and lawsuits resulting in their actions.

Dwelling protection

This coverage rebuilds your home if damaged or destroyed by a fire, hail, lightning, or any other disaster listed in your policy. Most Austin TX policies also cover detached structures like the gazebo, garage, or any other structure.

Personal property coverage

Your furniture, appliances, clothes, and electronics are all covered under the personal belongings coverage. In case of a fire or burglary, your children will get the peace of mind that the policy will replace their items, and they will continue living as before. To get the most out of this coverage, you may need to conduct a home inventory.

Additional living expenses

The last thing you want is your children spending a night out in the cold after a disaster took down your home. Home insurance offers you an opportunity to settle down as fast as possible, even after a terrible incident that rendered you homeless.

As a parent, it’s always prudent to find ways to cut costs by getting the best coverages to safeguard your finances. At TAB Insurance Agency LLC, we are all about finding ways to protect what matters to you the most. Call us for a deal.

Why do people need motorcycle insurance?

Anyone that lives in the Austin, TX area is going to have many different types of insurance needs. For those that own a motorcycle, one important form of coverage to get is motorcycle insurance. There are many different reasons why someone here will need to get this type of insurance coverage. 

Insurance Protects Asset

A reason that you will need motorcycle insurance is that you will want to have protection for your asset. When you get motorcycle insurance, you are going to have the coverage that is needed to repair or replace the asset if it is stolen or damaged. This can prove to be very helpful in a situation where you would otherwise incur a loss. 

Insurance is Legally Required

You will also need to get motorcycle insurance because you have a legal obligation. Drivers all over the state need to carry liability insurance no matter what type of vehicle they operate, which includes motorcycles. When you are trying to stay in compliance with the law, you should select a motorcycle insurance policy that will give the coverage needed to meet the state’s requirements. You will also have a contractual obligation to carry a full insurance policy if you took out a loan to buy your motorcycle. 

It continues to be very important that people in the Austin, TX area get a proper motorcycle insurance policy when it is needed. When you are in need of a new motorcycle insurance policy here, you should call the team with TAB Insurance Agency LLC. The insurance professionals with TAB Insurance Agency LLC understand how important and valuable this type of coverage is. They can offer a variety of services that will help you better assess your needs and choose a policy that gives the right type and level of coverage.