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. 

Questions to Ask When Searching for Motorcycle Insurance

Warmer days on the horizon means it is about time to cut down to two wheels. Though only half of the wheels of a typical car, motorcycles are certainly not only half of the price. As with all vehicles, insurance coverage is required in order to take to the open road. Motorcycles are considered their own type of vehicle and are given their own category of insurance. On the upside, this allows for the likelihood that it will be much cheaper than typical auto coverage. The professionals of TAB Insurance Agency LLC, serving the Austin, TX area, can help you with common questions to ask when searching for motorcycle insurance.

What Must I Have?

Motorcycle insurance state minimums are the same for motorcycles as for other automobiles. For Texas, that is $30,000 per person for injuries, with a cap of $60,000 per accident, and $25,000 for property damage. 

What Should I Have?

A lot of that depends on your means. There are many additional elective policies that can be added to your minimum coverage for protection to your own vehicle for circumstances outside of your control. For example:

Personal Injury Protection (PIP)

Usually included in the standard minimum packages offered, PIP coverage is optional. However, you usually have to opt-out of this rather than opt-in. This standard PIP protection offers you $2,500 of coverage in the event that you are not at fault in an accident and the other driver does not have coverage.

Uninsured/Underinsured Motorist Coverage

This coverage ensures that you do not have to pay out-of-pocket for an accident caused by someone who lacks coverage, or a sufficient amount for the damage.

Contact the professionals of TAB Insurance Agency LLC, serving the Austin, TX area, to discuss your motorcycle insurance needs, today!

Variables To Consider Before Purchasing Boat Insurance

TAB Insurance Agency LLC is a full-service independent insurance agency that serves people throughout Texas. Our primary goal is to help our clients find affordable insurance rates. We hope to establish successful long term relationships with all of our clients.

Boat Insurance

Many people in Austin, TX and other parts of the state enjoy riding on their boats during hot summers. Boat insurance helps cover a boat if it is somehow damaged or stolen. We recommend that all of our clients purchase boat insurance so that they can enjoy their water sporting habits without worrying about a potential accident. Here are some things to consider as you research a policy.

Type Of Boat

Your policy may vary according to the type of boat that you have. If you have a smaller, faster boat, the risks are different compared to a larger and slower boat.

How Often You Use The Boat

Think about how often you use the boat, as well as some of the activities that you do. If you use your boat regularly, that will require different insurance compared to using your boat once or twice a month. If you have special accessories on your boat, you may need to purchase additional coverage.

The Location

The location where you are using your boat has an impact on your policy. In some places the water is more turbulent than other places. If you plan to use your boat to travel long distances, that is another factor that you must take into consideration.

History Of Safe Boating

If you have a history of safe boating, that can assist you as you search for different rates. Having several years of boating experience is an asset.

Find The Right Boat Insurance Policy With TAB Insurance Agency LLC

At TAB Insurance Agency LLC, we will sit down with you and go over different policy options. Head to our website to learn more information about how we serve the Austin, TX area and beyond.

5 Auto Insurance Questions to Ask Your Agent

When it comes to auto insurance, having the right policy is very important. If you don’t have a good policy from a trusted company, you could find that your level of coverage isn’t what you’d really like to have. Fortunately, at TAB Insurance Agency LLC, we’re committed to making sure all our Austin, TX clients have the insurance policies they need to properly protect their vehicles. With that in mind, here are five questions you should be asking your car insurance agent, so you can get the policy you need and be an informed consumer.

1. Does the kind of car you have affect the type of policy you can get?

2. When should you consider a review of your car insurance policy?

3. Can your agent answer all the questions about policies so you can make an informed choice?

4. Who is covered on your policy and is anyone excluded from coverage?

5. Who can you talk to if you need quick answers or you have to make a claim?

The more you know about the auto insurance policy you have or are getting, the better off you’ll be. If you’re in the Austin, TX area, TAB Insurance Agency LLC can give you the information you need to get the right policy for your vehicle. Come see us today, or give us a call, and let our agents help you get your vehicle insurance questions answered the right way. You deserve a good quality policy from a company you can trust, with agents who will be there to help you. We want to make sure you get all of that when you come to us. Our agents want to be sure your vehicle is properly covered, and you can enjoy peace of mind while driving it, no matter where the road takes you.

When is Boat Insurance Required in Texas?

The Austin, TX area is a very popular place for anyone to live if they would like to be in a location with great weather and a lot to do. One activity that many people in this area can enjoy is going out on a boat on a hot summer day. If you are going to purchase a boat in Austin, it is important to consider your insurance needs. There are several situations when a boat insurance policy could be required. 

Lender Requires Coverage

The cost of a boat today can be quite significant. Fortunately, there are many different lenders out there today that are willing to offer great deals on boat loans. While this can provide you with a convenient financing solution, they do come with some additional requirements. One thing that boat loan borrowers will need to do is have boat insurance. A quality boat insurance policy is required to ensure the lender’s collateral is covered. 

Local Liability Requirements

Depending on where you want to use your boat, you may need to comply with local requirements. Some lakes and marinas in the area are going to require all users to have boat insurance. With this coverage, you can ensure others that you are able to pay restitution if you were found to be at fault in an accident. 

When you are looking to get a new boat insurance policy, a great company to speak with is the TAB Insurance Agency LLC. At the TAB Insurance Agency LLC, the team of insurance professionals will be dedicated to helping you get into a boat insurance policy that provides the best coverage possible. This will ultimately provide you with protection to repair or replace your boat or give coverage if you are at fault in an accident.