Homeowner’s Insurance Countdown
There are many factors that go into determining your homeowner’s insurance premiums. We thought it might be fun to address our “top ten list” of things every homeowner should know before purchasing insurance. Remember, as your agent we can help you identify the best possible combination of coverage, price and service.
What Can We Do To Help?
We are an independent agency. This allows us to search the market for the best possible combination of premiums, coverage and service. We compare insurance company’s rates and use the competitive market to your advantage. Here are some ways to save on your premiums:
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 liability for you. Before you decide to jump into the sharing economy consider the following:
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.
We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.
Most of us are hardworking honest people, who are building strong families and are productive members of our community. Unfortunately, there are a few people who try to take advantage of us and we need to be educated on what to watch for. Fraud, including insurance scams, is the second-most burdensome financial crime in the United States. Tax evasion is number one.
Your personal insurance company and agent can be a great resource to you before, during and after an accident.
Here are a few of the most common scams:
One of the most important financial decisions you will make is insuring your home. This important decision can’t be done on the internet in 7 minutes, because your home can go up in flames in less than 10 minutes and you might be left with a large un-insured loss.
Buying Homeowners Insurance--The Right Way
Insurance coverage made easy. When it comes to buying your insurance, you have options. You can go to a captive insurance agent, an agent that represents one company, or you can go to an independent insurance agent that represents many companies. Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is a full-service independent insurance agency representing many insurance companies. This means that we shop many different insurance companies to obtain the best rate and coverage for your insurance. We do this at no additional fee or service charge to you. Simply put, our goal is to find you the best coverage and rate for your auto, home, business, or life insurance. Whether you need a business insurance quote or an auto insurance quote, we can help. To obtain an insurance quote, click on the tab and enter your information into the form. If you have any questions along the way, please don't hesitate to contact one of our insurance agents.
We are moving into Hurricane season and we to remind you of how important it is to have the right kind of insurance and to be prepared. Hurricanes bring two big problems: water and wind. Depending on where you live, you may need to buy these separate policies in order to cover hurricane damage:
For many people, standard insurance products like home, auto, life, and personal umbrella insurance are adequate to protect their families and their assets. However, for high net-worth individuals there is much more to consider.
People with a high net-worth need to look at insurance in a different way than others do. No longer are they trying just to insure a home or car, but instead they should be protecting their many assets through insurance. High net-worth individuals also have a different lifestyle that creates new risks that should be managed. Affluent individuals have unique property and casualty insurance needs due to their exposure to risk and to the types of assets they own. Individuals with money become targets when anything goes wrong. It is important not only to insure your property and other tangible assets, but also to protect your financial wealth. Here are some of the products and solutions that may help high net-worth individuals protect themselves and their assets.
Personal Umbrella Coverage
High net-worth individuals need a competitive personal umbrella insurance policy with a limit of at least one million dollars. In some cases, depending on your wealth, you may need liability limits of up to five million dollars. A personal umbrella is able to go over many different insurance policies, and help protect assets with defense coverage as well.
Domestic Employees Insurance
Individuals who employ cooks, housekeepers, nannies or others to work in their homes need to have insurance coverage for their employees. Having this kind of insurance helps protect you if your employee sues you for damages. It is also important to carry workers’ compensation insurance on your staff. This policy may also cover certain medical expenses that may be paid to the employee, and can help to replace any wages lost.
Coverage For Wine
Many high net-worth people have wine collections. A standard homeowner’s policy may not be adequate to respond to a loss. Wine insurance can cover the entire dollar amount of the wine with a limit for each bottle.
Fine Art Insurance And Other Collections
Fine art insurance can cover the full market value, or appraised value, on any art you own. Most standard homeowner’s insurance policies have limitations on the amount of coverage offered. Fine art insurance also covers the art when it is purchased; even it is away from your home. Here are other items you may need to insure.
High-end homes often have unique construction that requires special property insurance coverage. Custom construction drives the replacement cost higher. It is very important to have full replacement coverage that addresses all the custom and unique types of property in the home.
Coverage for Home-Based Businesses
Many high net-worth individuals operate home-based businesses. A standard homeowner’s insurance policy will not cover this risk. A commercial insurance policy is needed to protect the risks of operating a home-based business adequately.
Serving on For-Profit and Non-Profit Boards
Many high net-worth individuals serve on for-profit and non-profit boards. Some of these positions have indemnification and insurance included with serving on the board. However, some do not adequately protect the individual, and a separate policy is needed.
Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 25 years. We take great pride in finding you the best coverage and backing it up with prompt personal service. We have been serving the Dallas/Richardson, TX area for over 25 years and have recently expanded to the Austin, Cedar Park, and Round Rock area.
We are moving into hurricane season and we to remind you of how important it is to have the right kind of insurance and to be prepared.
Hurricanes bring two big problems: water and wind. Depending on where you live, you may need to buy these separate policies in order to cover hurricane damage:
When was the last time you reviewed your personal insurance coverage? Most of us know that major life events can make it necessary to update our personal insurance coverage. But did you know that even subtle changes can have an impact on your financial needs and plans? Call our office today, and we can help you find the right combination of coverage and price.
Insurance “To Do” List.
Have there been any of the following changes in my life situations? If so you may need to have your insurance adjusted to make sure you have the correct coverage.
Give us a call today.
We are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available with the lowest rate possible. Most people don’t take time to review exposures, options, or their current economic condition before making their insurance purchase. We want to help you, so we prepared these insurance buying tips for 2020.
Personal Insurance Update
Most of us buy insurance in this order; auto insurance, renters’ insurance, home insurance, and then life insurance. However, many of us do not think about how the events in our lives may affect our need for different kinds of insurance. As your life changes, the need to protect your life, investment, and family also changes. It's also a good idea to reexamine your coverages and limits from time to time, especially whenever you make additions or improvements. If you have any questions, please feel free to contact us. We are here to help you protect your assets.
Here are some major life events that will affect your need for personal insurance