How AI Is Changing Home & Auto Insurance—and What It Means for You
Artificial intelligence is changing almost every industry, and insurance is no exception. While most consumers think of AI as tools like ChatGPT, insurance companies have been using increasingly sophisticated technology behind the scenes for years. Today, AI is accelerating that transformation—affecting everything from how your home is evaluated and your auto rate is calculated […]
What to Do After a Hit-and-Run Accident in Texas
If you’re involved in a hit and run in Texas, don’t chase the other driver. Move to a safe location, call law enforcement, document the damage, look for witnesses or nearby cameras, and contact your insurance company. If the driver cannot be identified, your Uninsured Motorist Property Damage (UMPD) or collision coverage may pay for […]
What Is a Wind & Hail Deductible Buy-Down Policy in Texas?
What Is a Wind & Hail Deductible Buy-Down Policy in Texas? Wind and hail deductibles have increased significantly on many Texas homeowners insurance policies. A 2% or 3% deductible can leave a homeowner responsible for thousands—or even tens of thousands—of dollars after a covered hail or windstorm. A wind and hail deductible buy-down policy […]
Looking Ahead: Buy Travel Insurance
Vacations aren’t cheap. Between airfare, hotels, cruises, rental cars, tours, and other prepaid expenses, a family can have thousands of dollars committed to a trip before ever leaving home. So, is travel insurance worth it? For an inexpensive weekend trip, maybe not. But if you’re spending a significant amount on a vacation, traveling […]
Replacement vs. Actual Cash Value on your Roof. This could be very eye opening!
Half of consumers purchasing home insurance don’t dig very deeply into the fine print of their policy. Granted, they place confidence in their agent or company to tell them if they need to know something important about the policy that doesn’t stand out with BIG BOLD letters. However, many times insurance companies or agents representing […]
Do you know the signs of a contracting scam?
Should you sign a waiver to let someone inspect your roof? Or a pay a large down payment to schedule repairs? The Texas Department of Insurance has tips to help recognize and avoid common contracting scams. “We all want our homes repaired quickly, but take the time to check out a contractor”, […]
Texas Ice Storm Likely to be More Costly Than Hurricane Harvey, Officials Say
As the impact has touched every corner of the state, officials say losses are likely to exceed the $19 billion cost of Hurricane Harvey. As the crisis in Texas continues, insurance industry officials say the deep freeze and snowstorm may become the costliest weather event in the state’s history, as all 254 counties have been […]
Looking Ahead: Buy Travel Insurance
For the first time in history, we can officially say hindsight is 2020. We learned so much this past year about ourselves and it seems the world has changed in so many ways. From an insurance standpoint, one of the biggest changes that might impact you directly is with travel insurance. Vacations are sacred, and […]
How Profitable was your Insurance Company in 2019?
As a consumer, nobody likes a rate increase on their insurance especially if you haven’t filed a claim in the past couple of years. What we all too often forget is that insurance is a group risk made up of hundreds of thousands of people just like yourself. And, since insurance companies are certainly in […]
Reinsurance- What is it and Why should I care?
Simply put, reinsurance is insurance for the insurance companies to lower their risk and reduce their exposure to a catastrophic event. If an insurer has too much exposure to a potentially costly event, then that event could cause the company to go bankrupt or even shut down if it’s unable to cover the loss. For […]