Drivers in Plano, TX are required to maintain car insurance coverage on their vehicles. But what if you plan to stop using your vehicle on the roads a month before your policy is set to expire?
You could forget all about your policy and let it lapse on its own, but paying an extra month’s worth of coverage for an unused car may not be what you’ve had in mind. In addition, some insurance providers automatically renew insurance policies in good standing, on the assumption that the policyholder wants continued coverage.
Instead of letting your car insurance lapse on its own, you may want to contact your provider and have the policy canceled or at least make sure it isn’t subject to automatic renewal. This way, you’ll know for sure that your policy is no longer in effect for this particular vehicle. You’ll also avoid paying for a month’s worth of coverage you likely won’t use.
If you plan on taking your vehicle off the road for an extended period of time, chances are you won’t have to worry about your car registration, either. However, if you want to use your vehicle again months or even years later, you may have to undergo the process of having it inspected and registered once more. You may want to talk to your independent agent to understand how insurance and registration affects your long-term storage plans.
If and when you decide to renew your insurance policy, start out by comparing quotes online among a vast selection of auto insurers. You’ll find the best coverage available at prices that won’t put a serious dent into your monthly budget.
Thanks to its low crime rate, the city of Plano, TX stands out as one of the safest cities not just in the state, but also in the nation. Nevertheless, vehicle vandalism can happen anywhere and at any time. Even in places you might think are safe and secure, your car could easily become subject to vandalism.
Vehicle vandalism commonly happens in parking lots and other areas where cars are often left unattended. Despite your vehicle being left on a business’s property, it’s not liable for any damages caused by vandals or thieves. Businesses have no legal liability for what happens to your vehicle on their property, unless the vehicle was left specifically in a business’s care, control or custody (during an auto repair, for instance). Most businesses have signs posted waiving their liability and such language is also present on parking lot tickets, as well.
In most cases, your only recourse for acts of vandalism to your vehicle is to file a report with the law enforcement agency in Plano and, if you have comprehensive insurance coverage, submit a claim to your insurance provider. In both cases, you should provide as much information as possible, as it may not only help police locate and capture the vandals involved, but it also makes it easier for your provider to quickly and accurately process your claim.
The time and expense involved in repairing vehicle vandalism out of pocket makes having comprehensive insurance worthwhile. Easily compare quotes online with our independent agency to discover your options and choose the car insurance coverage that works best for you.
It’s important that you know the difference between homeowners’ and flood insurance policies, so you can choose adequate coverage for your property. Don’t get caught with insufficient insurance coverage. Call our offices so a knowledgeable agent can discuss the difference and help you choose the best protection for your home.
Flood Insurance Coverage
To be considered a flood, water must reach ground that is normally dry. Flood loss occurs when the flood rises over dry land and flows onto your property. These damages might occur after events such as heavy rainfall, mudslides and overflowing lakes and rivers.
If a flood caused damages in your property, your flood insurance policy takes care of your loss up to your policy limits. Your homeowners’ insurance policy doesn’t cover flood losses. You can get coverage for this loss through an insurance agent, but the National Flood Insurance Program writes the policy. You also can get the coverage through Federal Emergency Management Office.
Homeowners Insurance Coverage
Your homeowners’ policy covers losses caused by water that did not touch dry land first. So, if rain filters through your leaky roof and damages your home, you’re covered under your homeowners’ insurance policy. If the storm smashes your windows and rain gets in, your homeowners policy also covers your losses. If your washer overflows, your homeowners’ insurance policy pays for the repairs up to your policy limits.
Coverage for Low-Level Areas
Flood insurance covers flood-related cleanup of items installed in specific areas and connected to power sources, including items such as your washer and dryer, deep freezer and air conditioning units. This limited coverage also applies to basements. Homeowners insurance pays for accidents that cause overflows, including food in your deep freezer and the carpets in your basement.
If you are tired of looking at your outdated kitchen and decide to do a remodel, you will need to budget for the expense. You can get the money from your savings, you can borrow it from friends, or you might even take out a home equity loan. You can not file a claim or ask your home insurance company to pay to finance the costs of home repair or home construction in such a scenario.
In a similar light, if you hire a contractor and he does a terrible job on your remodeling project, you have no basis for filing a claim under your homeowners policy. Your action would be against the contractor for the shoddy work he did. Insurance is not there to protect you against poor workmanship when the home repair is not related to a covered loss.
Now, your homeowners insurance may pay to cover the cost to repair your home due to a poor construction remodel if it was related to damage suffered by a covered peril. For instance, if a storm tears off half of your roof, you are entitled to have the roof repaired or replaced so it is in the same or better condition as it was in before it was damaged.
It is not unusual for an insurance company to require you to hire an approved contractor before they will issue a check for a home repair that is covered under your policy. They may even pay the contractor directly as the work is completed. If it is later discovered that the roofing work was not done correctly, and the roof starts to leak, you should not have to pay to fix the problem. In such a case, your insurance company will pay to have the job done right and then have the option of seeking restitution from the original contractor.