Personal Insurance Has Changed Over The Years

Has your perspective on personal insurance changed to fit the times?

The personal insurance needs of our society have evolved over the years. It is interesting to look back to see what has changed in the world of safety and insurance. As you think about these personal insurance issues, also think about how your insurance may respond today.

Here are a few examples of how safety, liability and personal insurance have changed in our society through the years.

20 years ago, it seemed normal for dogs to have total freedom in the neighborhood. Now leash laws prohibit that. This has reduced the number of dog bite claims.

Many people can remember when we used to hold babies in our laps in the front seat of the car while we were driving!  Fortunately, we now have car seats to protect our little ones.

Do you remember how every office used to be filled with second hand smoke? Now we have workplace regulations that protect employees from smoke-polluted air.

Do you remember “party lines”? We shared home phone lines with our neighbors. We often would pick up the phone and hear Mr. Smith talking to his daughter. Privacy laws would not allow that now!

Smoking in public was common 20 years ago. Now, through education and medical research we all understand the effects of second hand smoke.

Drinking and driving – Believe it or not, there was a time when a person could leave a party buzzed or drunk and no one would think twice. Thankfully, laws and education have helped us understand the personal liability issues around driving while impaired.

Cell phones – When mobile phones first came out, everyone was driving and talking on their phones. It seemed normal until we learned how distracted driving is like driving drunk.

Auto insurance – The number of uninsured drivers has been reduced since most states now require proof of auto insurance. However, in some state there are still 30% of drivers without auto insurance.

Smoke detectors – In the 70’s, the way we knew our home was on fire was to see the flames. With the introduction of smoke and fire prevention, we have reduced deaths form home fires.

Personal insurance needs change with the times, and the insurance we offer changes to meet your individual needs.

 

The Shocking News….Most People Do Not Have Enough Life Insurance

Why Consider Georgetown, TX  Life Insurance

bigstock-Laughing-Mother-And-Baby-outdo-45772297

According to the latest information, most people in  Georgetown, TX  do not have enough life insurance. Only 6 out of 10 people have even considered life insurance, and many who do have life insurance don’t think they have enough. 70% of households with children say they are just barley meeting needs. But what would happen to those families if income was lost due to the death of a spouse?

Over 80% of people over-estimate the cost of life insurance. In reality, life insurance is very affordable and provides your family with financial peace of mind upon your passing.

Benefits of Georgetown, TX Life Insurance

Payment on Debt – If you have any outstanding debt (like a mortgage) at the time of your death, it does not go away. Your estate will still be responsible to settle all accounts.

Continuation of Income – Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish, and there’s a very good chance that your family will experience a lower standard of living.

Unpaid Medical Expenses – It is highly likely that you will have medical expenses prior to your death; some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are well taken care of.

Funeral Expenses – Most people don’t plan, or fund, their funeral expenses; again life insurance is there to help.

If a business owner has family members who depend on the income from a business, which might not continue if he or she were suddenly gone, the proceeds from company-owned life insurance could help replace the lost income and help protect the family’s quality of life while they adjust and move on.

Source: LIMRA’s Life Insurance Barometer Study 2013

 

 

The Latest Trends In Auto Liability

Red smart car.

Why You Need Texas Auto Insurance

Ok, we all know driving can be dangerous, but here are the latest statistics from the auto insurance carriers. You buy Texas auto insurance to protect yourself and or your business when you have an accident or claim.  When something bad happens you want your Texas auto insurance company to respond. When it comes to auto insurance, knowledge is power.

1. Here are some facts to help educate you about auto insurance.

2. Motorcycle accidents have increased over the past five years.

3. Auto fatalities are up 3.3%.

4. Distracted drivers cause 1 in 4 accidents.

5. Every day 1,000 people are injured by distracted drivers.

6. 900 people a year die, and nearly 2,000 are injured, as a result of vehicles running red lights.

7. Cell phone usage caused 21% of all fatal accidents.

8. Medical costs have risen over 4% in the last year.

9. The average auto liability claim for property damage was $3,073.

10. The average auto liability claim for bodily injury was $14,653.

Auto Insurance

Your auto insurance program should have the following:

Auto Liability – Bodily Injury Liability Coverage pays for medical damages and funeral expenses for any people injured or killed in an accident for which you were responsible.

Auto Property Damage – Covers damage you do to a third party.

Auto Physical Damage — Covers comprehensive and collision. Collision is designed to get your car repaired if you hit an object. Comprehensive Coverage covers your vehicle in the event of damage or loss from something other than a collision. This includes theft, vandalism, nature, animals.

Uninsured Motorist – This insurance pays in the event you are hit and injured by an uninsured motorist. Even though auto insurance is required, one in four drives does not carry any insurance.

Person Injury Protection – This coverage provides no fault coverage for passengers who are injured in your vehicles.

How can Apple Insurance Specialists best serve you? Call one of our experienced agents today at (512) 302-9111 and let us demonstrate our dedication to delivering the highest quality insurance policies and best customer care.

 

 

 

Is Our Sharing Economy Creating New Risks For You?

Cars Traffic

Uber, Airbnb and VRBO may increase your personal liability risk

We live in a digital world that now allows us to share everything from our car, bike, boat, apartment and even our home with total strangers. Smart phones, and the applications that can be added, offer many useful tools, but some of these things create new and increased auto liability for you. Before you decide to jump into the sharing economy consider the following:

Do these sharing sites have the ability to protect your confidential information? Many times you are giving your credit card information to companies that may not have the ability to protect it.

If you use Airbnb to sublease your apartment, you might check your lease. Many lease agreements have “no sublease” clauses that do not allow for this kind of activity. Also, some big cities are now actually considering outlawing the Airbnb services as it reduces hotel/motel taxes.

Uber offers a taxi service where individuals can offer rides to those who subscribe. Are you confident that these individuals have had proper background checks? Are they experienced drivers?  Do they have the correct insurance? Remember, even in states that have mandatory auto insurance laws, over 25% of drivers don’t have insurance.

Personal auto insurance issues should be considered if using your car for hire. There is a big difference in the auto insurance world between a car pool for work and being paid to deliver people.

If you rent your primary home to others, it may limit your personal insurance coverage. Call out office for a review.

The use of the new sharing economy will most likely continue and may be a good way to save money. However, if you have an uninsured claim, the cost may be much greater than the savings. Be aware that using these services may increase your risk of loss. The insurance industry will respond over time to the sharing economy, but in the meantime, there are limitations and restrictions in your current homeowner’s and personal auto insurance policies of which you need to be aware.

How can Apple Insurance Specialists best serve you? Call one of our experienced agents today at (512) 302-9111 and let us demonstrate our dedication to delivering the highest quality insurance policies and best customer care.

 

We Are An Independent Agent

Green eco house concept

The Texas wind just blew your roof off and water is rushing in. You did not plan on this happening, but we hope your first call is to our office. We understand that during stressful times you need a partner and friend, and we are here to help you through the claim process and get your life back to normal.

There are many perks that come with using an independent agent, and we thought we would share a few with you.

Added Perks With Using An Independent Agent

We give you options – We have dozens of markets to select from, and we search them all to bring the best possible combination of price, coverage and service.

Not all markets are equal – We understand that some markets give good discounts to teen drivers, or that others have great rates on ATV and motorcycles. We take the guessing out of purchasing personal insurance.

We are local – Our staff lives and works in your community. Our kids go to school with your kids. We know and understand your needs.

Our agents are trained, licensed professionals – We educate and train our agents on insurance issues in order to keep up on the latest trends and coverage.

We support local nonprofits and community groups – We don’t just live here, we invest our time, money and staff to make our community better.

Unbiased advice is what we give you – We are not employees of any insurance company, which allows us to recommend the best option for you. Our #1 priority is to provide each customer with insurance quotes representing the best value and the protection they need to safeguard their business and personal assets.