Who needs auto insurance in Texas?

The Houston, TX area continues to be a major metropolitan area with fast growth. To ensure you are able to get around the area quickly and efficiently, owning your own vehicle has become a practical necessity for many people. As you are assessing your vehicle purchase options, you should also consider your insurance needs. An auto insurance plan is needed in Texas for several reasons.

Coverage is Needed to Comply with Law

A primary reason drivers in Texas need to have auto coverage is because it is necessary to comply with the law. Texas requires that all drivers carry liability insurance at a minimum. This coverage ensures that you can pay for any damages that you may cause in an accident. Those without this coverage can be penalized if they are caught without it. 

Coverage is Needed if you Have a Loan

Having an auto insurance plan can also be a necessity if you have taken out a loan. Those who decide that they want to purchase a vehicle in Texas could do so through the use of an auto loan. If this is the case for you, having the required insurance is important. In most cases, an auto loan provider will require you to carry collision and comprehensive coverage as it will protect their collateral. 

Those who are looking to purchase a vehicle in the Houston, TX area will always want to know that they have the right insurance. As you are assessing your insurance options, calling the Memorial Insurance Agency would be an ideal option. As you are speaking with the Memorial Insurance Agency, you can learn a lot more about your options and personal insurance requirements. Based on this support, you will be able to build a plan that meets your personal insurance needs. 

Who should have flood insurance?

Not everyone in the country needs flood insurance. But, many more people would benefit from it than actually have it. Anyone who lives near a body of water even a creek or stream should consider the likelihood that flooding may become a reality. Just one inch of water in for home can cause more than $20.000 of damage. That isn’t a lot of water, but it is a lot of money. In Houston, TX take your flood insurance questions and concerns to Memorial Insurance Agency. We take pride in providing excellence in insurance to every customer, every day. 

In the past few years, many communities have found themselves the victims of a hundred-year flood. These are floods that have a 1% chance of hitting any community in any particular year. When many communities are having them happen, something unusual is going on, and it demands a rethink of flooding and flood insurance. 

In order to be eligible to purchase flood insurance from the NFIP you need to live in a community that takes part in their planning. This is not the only way to purchase flood insurance, but it is the most common. It is sold in two parts, each can be purchased separately. One part covers the physical building and all the major systems and the other is for content. 

In determining whether you should have flood insurance, you need to take a good look at all the surrounding communities. Have any of them had extensive flooding? If the water that affected them were to rise even higher would it pose a danger to you? What stands between you and extensive water damage? If the answer is nothing, you may want to rethink whether you need flood insurance. 

If you want more information about flood insurance in Houston, TX, contact Memorial Insurance Agency. 

Home Insurance Add-ons to Consider

Contrary to many homeowners that home insurance is a luxury, this coverage is a necessity. It protects your home, covers you against liabilities, and pays for additional living expenses when a covered peril damages your dwelling. While home insurance is a worthwhile investment, it has limits and exclusions. As such, if you want optimum coverage for your Houston, TX home, you need to consider add-ons (endorsements) from Memorial Insurance Agency to strengthen your policy. 

There are add-ons to consider for your home insurance plan.

Flood insurance

Floods are a ubiquitous natural calamity in the US. Unfortunately, your typical home insurance policy doesn’t cover overland flooding. For this reason, you need a stand-alone flood insurance policy from private carriers or the National Insurance Flood Program (NFIP). Flood insurance covers your building and the contents whenever floods strike. 

Umbrella insurance

Do you have dangerous pets that can cause harm to others? Do you have a swimming pool or trampoline? Or perhaps you have an over-zealous teenager that can cause damage to other people’s property? Either way, you may need umbrella insurance to boost the liability coverage in your home insurance.

Umbrella insurance takes over when your typical liability insurance limit is exhausted. For instance, if a guest slips and injures themselves while on your swimming pool, you could be held responsible for their medical expenses. If the injuries are significant and exhaust your home insurance, that’s where umbrella insurance comes in.

Sewer backup endorsement

Aging sewer lines, clogging, and tree roots can cause sewerage backup in your home, leading to water damage. While this risk is common in many homes, typical home insurance doesn’t cover it. For this reason, you need a sewer backup rider to protect your home whenever your sewer system misbehaves.

Earthquake endorsement

Since your conventional home insurance doesn’t cover earth movement risks, you need individual earthquake coverage if you live in an earthquake-prone location. This policy covers your building, belongings, and even the cost of clearing debris.

Boost home insurance today!

Would you like to enhance the power of your home insurance policy? Don’t hesitate to get in touch with the Memorial Insurance Agency of Houston, TX, for affordable endorsements. 

Should I get auto insurance in Houston?

The Houston, TX area is one of the largest metro areas in the country. Those that live in this area of the state will find that it is a fun place to live and also offers a lot of opportunities. To enjoy it as much as you can, getting an automobile is practically a necessity. Along with any vehicle, you also need to have a proper auto insurance plan. You should get this coverage for a few reasons. 

Coverage is Required by State

A reason that drivers in this part of Texas will need to have an auto insurance plan is that the coverage will be required by the state. Texas requires drivers to carry liability insurance whenever they operate a vehicle. This type of coverage ultimately offers protection to all drivers on the road as it ensures those at fault in an accident will have the capacity to cover any damages. 

Protect Your Car

You should also get insurance for your vehicle to protect your car. A vehicle is one of the largest investments that you will ever make and protecting this purchase and asset is important. Those that buy a vehicle should get a full comprehensive and collision insurance plan. With this coverage, you will have support if your vehicle is stolen, damaged, or involved in an accident. This will ensure you can continue to enjoy and use it for years to come. 

If you are a car owner in the Houston, TX area, you should make sure that you get the right insurance. A great way to pick the ideal plan for your situation is by calling the Memorial Insurance Agency. When you do speak with the Memorial Insurance Agency, you can get the support needed to understand your options, risks, and how you can protect yourself and your vehicle. 

Insuring My Houston TX Home

More than 9,700 homes were sold by realtors in the Houston area in May 2021 alone, according to the Houston Association of Realtors. If you are one of these new homeowners, one of the most important decisions you will make — after what home you want, of course — is who to insure your home with.

The importance of homeowner’s insurance cannot be understated. Not only is it required when purchasing and obtaining financing for a home, but it can also be a lifesaver should the worst happen. 

That’s because home insurance in Houston, TX will provide financial relief if your home is damaged due to an event that is covered by your insurance such as a tornado or fire. It will also cause damage done to your property or personal belongings.

In addition, insurance will cover you should someone have an accident or be injured on your property and you are held responsible for it. 

And finally, there are many additional policies you can obtain for your homes, such as flood and earthquake insurance, that will cover you should those events happen. 

When you are shopping for homeowner’s insurance, however, it’s important to keep in mind that your insurance is only as good as what you purchase. To be sure you get the best protection possible for your house, the most important thing to keep in mind is that you don’t end up underinsured. 

Too many homeowners don’t have adequate insurance for their homes. Instead of having a home that is insured for the replacement value of their home, which is what it would cost to rebuild your home from the foundation up. Instead, they end up insured for the market value — what people would be willing to pay — for your home. 

Getting home insurance is an important decision. Memorial Insurance Agency can put together a plan that will work best for you and your home. Call today for more information. 

When should a Houston property owner get flood insurance?

The Houston, TX area continues to be one of the fastest-growing metro areas in the country. Due to this growth, Houston continues to be a good area to own a home. If you would like to purchase a property in Texas, you must have the right insurance at all times. One important form of coverage to consider getting is flood insurance. There are a few situations when a property owner here should consider getting flood coverage.

When Insurance is a Loan Requirement

Some property owners in the Houston area are required to get insurance to comply with their loan requirements. Most Houston property buyers are going to take out a mortgage when they purchase their home. If you have taken out a mortgage, you will need to comply with any insurance standards that they have. If your home is in a flood zone, the lender will require that you carry a flood insurance plan at all times.

When Concerned About Flood Risk

You should also consider getting a flood insurance plan if you are concerned about flood risk. If your home is located near a river, lake, or other waterways that are prone to flooding, you should make sure that you are adequately insured. Since home insurance may not cover all flood damages, having the additional insurance plan will be helpful. 

People that are in the Houston, TX area will want to ensure that they have the right insurance for their home. If you are assessing your flood insurance needs, calling Memorial Insurance Agency is a great option. If you do call Memorial Insurance Agency you can determine whether flood insurance is right for you and your situation. They will then help you build a new plan that provides appropriate coverage. 

What Does Home Insurance Cover in Texas?

Your home is your sanctuary and will want to protect the security and stability of your home by obtaining a home insurance policy. The agents at the Memorial Insurance Agency in Houston, TX understand your need to have peace of mind when it comes to the protection of your house and have years of experience in assisting people with their home insurance coverage.

Coverage Options for Home Insurance

A home insurance policy will cover several things, including the physical structure of your home. It will also cover any other buildings you have on your property, such as a garage or shed. You never know when a catastrophic event, such as a house fire, vandalism, or a natural disaster will occur, destroying your house and leaving you homeless. A home insurance policy will cover your house if it is demolished or damaged by one of these events and help you find a temporary place to live until the repairs or replacement is made of your beautiful home.

Your home insurance policy will also cover household items, your personal belongings, and appliances if your home is damaged by a tragic event or if a theft or burglary occurs at your home and your items are stolen.

There are certain things that are not covered under your homeowner’s insurance policy that you will have the option to add, including earthquake coverage and flood damage insurance. Your home insurance agent can assist you in choosing the right home insurance policies for you and your situation. Call the home insurance agents today at the Memorial Insurance Agency in Houston, TX to create the best home insurance policy for you and get your policy, and your peace of mind started.

How Does Auto Insurance Work?

As a car owner in Houston, TX, it is vital to get your auto insurance from Memorial Insurance Agency. Still, it would be more critical if you can understand how auto insurance works. With this knowledge, you will always drive with confidence, and you will know where your auto insurance policy will help. In most cases, car insurance policies help in the following circumstances. 

Financial Liability Coverage

As you drive, you might be involved in an accident where you will damage other people’s cars and property. Auto insurance helps you cover the financial liabilities you will be required to pay when such incidents happen. All the financial requirements will be handled by your auto insurance provider, especially in third-party insurance policies. 

Medical Liability Coverage

In case of an accident where one of your passengers or a pedestrian is caught and injured in the accident, it is your insurance provider who will pay for the necessary medical bills. In this case, your auto insurance company will help you to cover all medical expenses, income replacement, and punitive damages where they have been demanded. 

Repair Coverage

There is no doubt that your car will require professional repair services from an experienced auto repair expert after being involved in an accident. The cost might be too high for you to cover. However, if you have a car insurance policy, your insurance company will pay for all the necessary expenses. 

As you can see, knowing how auto insurance works helps you to save thousands of dollars in repair, medical, and financial liability that you would have covered through out-of-pocket expenses. As such, you should get car insurance that covers the benefits discussed above. Memorial Insurance Agency is the leading auto insurance company in Houston, TX, that can provide a cover that meets the needs of your car.

How much flood insurance do you need in Houston, TX?

Houston, TX is a beautiful city with an abundance of opportunities. H-Town is also a region prone to hurricanes and tornadoes that bring heavy flooding. Flood insurance is an absolute must in Houston, which is why the agents at Memorial Insurance Agency are eager to help you find the right plan. 

Does flood insurance come with a standard home insurance policy?

Flood insurance does not come standard with a traditional home insurance plan. The average standard home indemnity plan pays for general liability along with damages to the structure not related to natural disasters. 

Some homeowners in Houston, TX purchase a standard home insurance policy with the impression that they are fully covered in all instances of unexpected disasters. They are devastated to learn they do not have the protection needed to recover when tragedy strikes. 

Avoiding the downfall of being underinsured is often a matter of speaking with a professional who can thoroughly explain the benefits of your policy. Understanding the difference between what is considered a natural disaster and a man-made incident is also important. 

Does flood insurance cover a burst pipe?

Flood insurance does not cover a burst pipe that causes significant damage to your structure or personal items. A good standard insurance plan may pay for such damages. 

How much flood insurance do you need?

The amount of flood insurance you may need depends on a number of factors not limited to:

  • The value of your home;
  • Your budget; 
  • Your lifestyle preferences;
  • How often your area experiences inclement weather. 

The agents at Memorial Insurance Agency can help you understand the benefits of flood insurance. They can also assist in crafting the policy that best suits your needs. Call Memorial Insurance today for a quote for flood insurance coverage.

Who should get home insurance in Houston?

Houston, TX is a major metro area that continues to bring new people in each year. When you are going to move here, the growing population and strong economy can make it an ideal place to purchase a home. If you do decide to purchase a home in this area of the state, you will want to get proper insurance coverage for it. There are several situations when someone here should get a home insurance policy.

When Taking Out a Mortgage

A situation when most people will need to get property insurance is when they are going to take out a mortgage. The low-interest-rate environment today makes it a great time to finance a home with a mortgage. However, if you do this, you will need to get proper insurance for your property to comply with the lender requirements. In some cases, you will also have to escrow payments monthly to ensure you do not have a coverage lapse. 

When Wanting to Protect Asset

You should also get coverage for your home to protect your asset. A home insurance policy will give the coverage that is needed to repair or rebuild your property. This coverage will prove to be valuable if there is ever a fire or other form of damage. 

There are a lot of reasons that someone should get home insurance for their Houston, TX area property. If you are in the market for a new home or want to evaluate your insurance needs, it would be a good idea for you to call Memorial Insurance Agency. The team with Memorial Insurance Agency understands the complexities that come with picking an insurance plan. They can answer any questions that you have and choose a policy that is right for your situation.