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. 

What You Need to Know About Home Insurance in the New Year

The New Year is a great time to start thinking about our goals and getting things in order. Your insurance policies are one of the most important ways you can protect your family, your assets, and your investments and one of the most important types of insurance is your home insurance. At TAB Insurance Agency LLC, serving Austin, TX, we want to help you make the best possible insurance choices. The only way you can do that is by having the best insurance information available to you. Keep reading to find out what you need to know about home owner’s insurance in the New Year. 

Why Is Home Owner’s Insurance Important?

In the past home owner’s insurance was very much an optional type of insurance to carry. In today’s economy, however, the homeowner’s insurance is a vital part of a family’s financial security. You have invested a lot of time and money into your house. In addition to this, your house is where you and your family gather, spend time, and make memories. Without insurance, your family could be left vulnerable both financially and emotionally in the event that your home is seriously damaged or lost. Home owner’s insurance helps to protect against this possibility. 

What Are Some Things I Should Consider in the New Year?

This New Year you should take some time to evaluate if your current home owner’s policy is meeting your family’s needs. Have improvements been made to the home which may have increased its value? Are your personal property evaluations accurate or should they be updated? Have you changed anything to your home or property that may have increased liability risks? These are all important questions to ask in order to make sure your policy is sufficient for your needs in the New Year. 

If you would like to learn more about home insurance, please contact our staff at TAB Insurance Agency LLC, serving Austin, TX. 

Should You Get Additional Auto Insurance for Long Distance Travel?

Whether you are planning to travel a long distance for the holidays or just take a road trip in the Spring, you might want to consider if your current auto insurance is adequate. An agent from the TAB Insurance Agency LLC of the Austin, TX area can advise you based on your circumstances. 

Is there a specific type of insurance for long-distance travel?

Depending on the company, there may be an actual road trip policy you can get. Otherwise, you’ll at least want to make sure that you have more than just the minimum liability that is required by every state. For instance, you’ll want to know that your policy includes a sort of broadening clause so that you’re covered when driving in other states than where you got your insurance.

Supplemental Insurance Needs

You don’t want to think about it, but you may end up getting into an accident or having some kind of mechanical failure. When this happens, it’s important that you have good roadside assistance. Some plans will only tow your vehicle a certain distance, so you’ll want to see about adding onto your roadside policy through an insurance provider or the manufacturer if you’re under the warranty still. Car issues are bad enough when you’re trying to enjoy yourself on a trip, but it will give you some relief when you know you don’t have to worry about having your vehicle transported somewhere for repairs.

At TAB Insurancy Agency LLC, we are proud to serve our regular customers and welcome new customers of the Austin, TX area and beyond. If you have any questions about our offerings or how we can help you, reach out today.

Why Your Boat Insurance Application Could Be Denied

It can be such a great adventure to own a boat, but it comes with a lot of responsibility as well. Before you take your boat out into the ocean, it is highly important that you seek boat insurance coverage first. Let’s look at the things you could encounter if you were to apply for boat insurance. It is vital to be prepared so you are not denied coverage.

Boat Condition

One of the most obvious reasons why you could be denied coverage of a boat insurance application is if your prized possession is not in the best condition. If you purchased a lemon, it means that you have to first do work on your boat so that it can pass the smell test or inspection. It is recommended that you apply for a boat insurance policy only when you have repaired your boat.

Moving Violations

Secondly, you could get denied for coverage, if you have several moving violations such as speeding and drinking while you are on the water. Too many driving infractions could also prevent you from securing insurance coverage for your boat. Be careful and ensure that while you are having fun, you are also mindful of following the law and being responsible.  

Intended Purpose

When you are applying for boat insurance, you will be asked about the intended purpose of using your boat and the size of the boat will also be in question. Most insurance companies will only provide coverage if the boat is for your own personal use. If it will be used for business, then the policy would definitely be categorized as such. If you are using the boat for business and are not forthright about it and the insurance company finds out, this could cause a denial.

Conclusion

If you have a boat and you want to secure insurance coverage, prepare yourself prior to making contact. Make sure you have all the issues handled so you can go forward with confidence that you will not be denied. Contact TAB Insurance Agency LLC in Austin, TX today so you can start the application process.

Three things to know about auto & motorcycle insurance in Austin

If you drive a vehicle or ride a motorcycle, you need to purchase an insurance policy in Austin, TX. TAB Insurance Agency LLC can help you to find the right auto & motorcycle insurance solution for your needs.

It’s important to be informed before you purchase insurance. The following are three things to know about auto & motorcycle insurance in Austin.

You are legally required to carry liability coverage.

in Austin and the state of Texas, you are required by law to carry liability coverage. Texas requires you to carry $30,000 per person in liability coverage and $60,000 liability coverage per accident. You are also required to carry $25,000 in property damage coverage. 

You have the option of purchasing collision and comprehensive coverage.

Although you are required to carry liability coverage, collision and comprehensive coverage are two types of auto & motorcycle insurance that are optional.

Collision coverage covers the costs of repairs to your own car, truck, or motorcycle. Comprehensive coverage covers the costs of damages from theft, fire, and a few other events.

If you don’t invest in collision coverage, remember that you’ll have to cover the costs of repairs to your own vehicle independently. That’s why it’s always a good idea to opt for collision and comprehensive coverage. 

You can minimize your premium with a higher deductible.

Your insurance policy will come along with a deductible. Your deductible is the amount of money you have to pay out of pocket in the event of accident damages. If you choose a higher deductible amount, you may be able to save money on lower monthly premiums. 

Let us help you in your search for a good auto & motorcycle insurance solution in Austin. Contact us at TAB Insurance Agency LLC with your questions and inquiries. 

Do You Need Commercial Insurance for Your Texas Business?

If you are a business owner in Texas, there are two types of commercial insurance you will need to obtain for your business and a few others you may want to have to protect your investment in your business.

Workers’ Compensation Insurance

Business owners in Texas are not required to have a workers’ compensation insurance policy but it is better to be safe than sorry. If you have employees working for you at your business, you will want to have this insurance coverage for them in the event one of them is hurt while working at their job. It can pay their medical costs and partial wages that they lose if they have are injured or contract an illness as a result of their job and need to recover. If your business contracts with government agencies, you will be required to have workers’ compensation insurance coverage.

Commercial auto insurance

In Texas, all business-owned vehicles have to covered by commercial auto insurance. The state’s requirements include at least $30,000 worth of coverage for injuries incurred by each person involve din an accident, $60,000 for bodily injuries for each accident, and $25,000 worth of insurance to cover any damages to property due to an accident. If you or your employees use a personal vehicle for work purposes, you are not required to have commercial auto insurance for those but it is a good idea since many regular auto insurance policies do not cover business use.

Other types of commercial insurance you will want to obtain to give you the peace of mind you deserve include liability insurance that covers customers’ injuries or property damage, professional liability insurance that covers things like lawsuits, and cyber liability insurance to protect you legally if you are cyber attacked or someone hacks into your customers or clients’ information.

To create the best commercial insurance policy for you and your business, contact the trusted and experienced agents at the TAB Insurance Agency LLC in Austin, TX today!

Three details you don’t want to overlook when you purchase home insurance

Having a good home insurance policy that you can rely on if your home experiences damage is essential for homeowners. We provide health insurance in Austin, TX at TAB Insurance Agency LLC.

If you want to get the best possible home insurance for your needs, make sure you don’t overlook the following three key home insurance policy details. 

The amount of your deductible

The deductible on your policy is an important amount to be aware of. Remember that you’re going to have to pay this amount with your own savings.

The deductible amount on your policy shouldn’t be excessively high. You don’t want to pay your deductible to create a financial burden. Make sure that you have an emergency fund available with at least as much as your deductible amount in it. 

Whether you have a replacement cost or actual cash value policy

Ideally, you want to have a replacement cost policy. This type of policy ensures that your insurance coverage will pay to completely rebuild your home if it is destroyed. 

If you have an actual cash value policy, you may get less back on claims because any depreciation in your home’s value will be factored into the equation. 

Policy limits in comparison to the value of your possessions

The more valuable your home and possessions are, the more coverage you should have. Compare the value of your possessions to the amount of coverage you have. If your home and possessions are worth way more than your coverage limits, you should consider investing in more coverage. 

Would you like to explore the home insurance options available at TAB Insurance Agency LLC? If you’re a homeowner in Austin, TX who’s in need of coverage, let us know. We’ll help you find the right policy for your situation.