Does Flood Insurance Cover Damage From Public Sewer Lines?

Having the right insurance can help you prevent losses from a variety of events such as floods. However, sometimes events can happen that are not natural and can even be caused by flooding from public entities such as city water and sewer services. Does your flood insurance cover these types of events?

Flood Insurance Coverage

If you are the victim of a flooding event as a result of faulty public works, or city infrastructure or sewer lines, you will likely be covered by your home owner’s insurance rather than your flood insurance. If you would like more information about what events flood insurance and home insurance cover, speak with a knowledgeable insurance agent who can answer your questions and help you protect yourself from the possibility of loss as a result of public sewer and water or other public entities. 

Choosing The Right Insurance Agency

Not all insurance agencies are the same. The agents of the company, along with their experience, can make a big difference in the protection and coverage you receive. A seasoned agent can work with you to discover your personal needs and recommend products that will offer you the highest level of protection from unexpected incidents that can cause significant home and property damage. If you are a resident in or around the Houston, TX area, you can count on Memorial Insurance Agency to guide you through the policy purchasing experience and help with any claims you may have in the future. 

Get the facts about your home insurance and flood insurance coverage. If you are a resident of Houston, TX or the surrounding area, you owe it to yourself to contact Memorial Insurance Agency for more details. We will provide you with peace of mind only the right type of insurance can offer. Call or stop by the office today.

5 Reasons to get Uninsured Motorist Coverage

Uninsured Motorist (UM) or Underinsured Motorist (UIM) coverage is an essential part of your auto insurance policy. Yes, it is optional and you can “reject” it in writing, but you’d be crazy to do this considering that an estimated one in five drivers in Texas may be driving around with no insurance at all, and millions more drivers have only the bare minimum of coverage.

How do UM and UIM coverages protect you? They step in to cover bodily injury and property damage if you get involved in an accident with a driver who either has no insurance, or whose insurance limits are less than the cost of the accident. Hit-and-run accidents – where the other driver flees the scene – would also be included in the UM/UIM part of your auto insurance policy.

So, why get UM/UIM? Here are 5 very good reasons:

  1. The number of uninsured motorists is increasing As insurance costs spiral ever higher, so too does the number of people willing to “chance it” and drive without insurance. This is especially true in large cities like Houston which have among the highest auto insurance premiums in the nation.
  2. The number of uninsured motorists may continue to rise Research has shown that the number of uninsured drivers is directly related to the strength of the economy. If we enter another recession, the numbers of people without insurance will increase, so you should be prepared for this well ahead of time.
  3. Minimum liability limits are too low Even if you already have UM/UIM coverage, if you have only the minimum 30/60/25 limits ($30,000 per person, $60,000 per accident, and $25,000 for property damage) you will likely have too little coverage under your policy to pay for a serious accident. Guess what happens if you run out of coverage? Yup, you are going to be paying the rest out of your own pocket, and those medical bills do not come cheap.
  4. Increasing your UM/UIM limits is not expensive It usually costs just a handful of dollars a month to upgrade from 30/60/25 to 100/300/100 or more – giving you a lot more coverage (and peace of mind) for very little additional cost.
  5. The chance of collecting money from an uninsured motorist is low Someone who is driving without insurance most likely has few assets, so pursuing a claim against them will likely to be an expensive waste of time, especially considering the legal fees involved.

The moral of the story? Speak to your agent at Memorial Insurance today to make sure the UM/UIM limits on your policy have you covered if the worst should happen!

Telematics: the Future of Auto Insurance?

Telematics is a technology-based system whereby insurance companies assess your auto insurance premiums based on your driving habits. The idea is to create a fairer system of auto insurance, by rewarding safe drivers with lower premiums – as well as providing a much more accurate way for insurers to assess risk.

You may know Telematics by other names such as Right Track (Safeco), Snapshot (Progressive), or IntelliDrive (Travelers). Drivers participating in the program download an app to their phone, or plug a device into their vehicle, which measures their speed, acceleration, braking, and night time driving, for a period of 90-365 days. At the end, safe drivers receive a discount from their auto premium, or a lower rate for their auto insurance renewal.

Some industry analysts predict that nearly all auto insurance policies will be primarily telematics-based within five years. It’s good news for driver safety, and also for premiums. Most carriers offer a 5% discount just for taking part in the program, with up to a further 20-30% premium reduction available on completion.

Give your agent at Memorial Insurance a call to see which Telematics program is available for your auto policy, and whether it would be a good fit for you.

Drive safe!