It's Home Buying Season
Friends and Neighbors, It's that time of year again! School is almost out and the seasonality of home buying and selling is ramping up; people are moving, homes are going up for sale and it's a seller's market! If you too are house hunting or have signed on the dotted line already, we're here to help you insure your home and your belongings. Below are some major things to keep in mind when shopping around for a home insurance policy. Key Takeaways
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others.
Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
Policy rates are largely determined by the insurer's risk that you'll file a claim; they assess this risk based on past claim history associated with the home, the neighborhood, and the home's condition.
In shopping for a policy, get multiple quotes, and definitely check with any insurer you already work with—current clients often get better deals. At Time Insurance Agency, Inc. we always compare multiple quotes and see if we can bundle your insurance to get you the most thorough coverage at the most competitive price.
"You can't beat their chicken salad and frozen custard! We love to sit on the back porch with the pup."
- Michelle Schuler, Commercial Lines
"We've been coming here for 20 years to enjoy a drink on the lake."
- John Schuler, President & Owner
"If you're looking for a great happy hour, this is the spot. Great BBQ, lots of space and an elevated yet easy going atmosphere."
- David Pool, Commercial Lines
Texas Bills Make Changes to Workers' Compensation Statutes
The Texas House of Representatives on Friday unanimously passed two bills making minor changes to workers compensation statutes.
H.B. 3622 would preclude physicians from receiving payment for providing services to injured workers if the physician was suspended or removed from the list of approved doctors by action of the Texas Workers Compensation Commission before 2007, or if the physician has not been reinstated or restored by the commission to the list of approved doctors or to the workers compensation system.
H.B. 3158 would expand access to exemplary damages in the event of an employee’s work-related death to allow recovery by a surviving spouse, heirs of the employee or the estate of the deceased employee in the event that the death was caused by an intentional act or omission of the employer or the employer’s gross negligence.
Both bills now move to the Senate for consideration. If signed into law, the bills would take effect Sept. 1, 2021. Reach out to our team if you have any questions about how this might affect your policy or if you need more coverage.
Get More Information
Wondering if these bills could affect your policy? Call us at 512-447-7773, email us at firstname.lastname@example.org or reach out to your dedicated agent.