3 Tips for Purchasing Home Insurance in Highland Village, TX

Posted on by admin

Your home is most likely your most valuable asset in Highland Village, TX. You have put a lot of work, love, and time into it, and having it insured is one of the smartest things you can do. Even if you own your home, or vacation home, outright, you never know when disaster could strike. Rather than losing your asset, you’ll want it protected with a home insurance policy. Ready to get started? Read on to learn about three tips for purchasing home insurance in Highland Village, TX. 

1. Compare Several Quotes

You’ll want to start by comparing several home insurance quotes with a reputable agent from Thompson Insurance Services. He or she will ask you some questions to find the right policies to compare. Together, you will go over each policy’s cost and coverage. Ask questions and get any clarifications you may need. We recommend going over three or more quotes before making a decision on home insurance. 

2. Bundle Your Policies

After you’ve decided on the home insurance policy you want to buy, ask your reputable agent to help you bundle them under one insurance carrier for a discount on your premium. You can bundle auto, life, umbrella, and more. 

3. Work with a Reputable Agent

Finally, it is important to work with a reputable agent to make sure you’re buying the right policy. A reputable agent will be quick to point out the differences in policies and help you make the right decision.

To learn more about purchasing home insurance for your property, contact the team at Thompson Insurance Services. Our friendly, reputable agents are available right now to take your call. 

Auto Insurance: Beyond Minimum Coverage

Posted on by admin

If you’re considering purchasing just the state minimum insurance, think again because you will not have your vehicle fully protected. Thompson Insurance Services of Highland Village, TX wants you to understand that purchasing just the minimum coverage means you bought protection for the other people on the road only because of liability and property damage payout to the person you hit when you cause an accident.

Those two types of coverage ensure that you can pay for an accident you cause, but to protect your vehicle, you need collision, comprehensive, and uninsured motorist coverages. To protect your health and well-being, medical payment insurance protects you when you caused the accident whether your vehicle was the only one involved or it was a multiple vehicle accident. Other important coverages include roadside assistance and car rental insurance.

While collision and comprehensive pay for damages to your own vehicle regardless of the accident type, your uninsured motorist coverage only pays for damages when you incur damage from another vehicle, but the driver of it does not carry insurance or did not carry enough insurance to cover the damage. It takes the place of their property insurance or pays for what theirs does not in cases of uninsured motorists.

Roadside assistance probably sounds self-explanatory. It is. If your vehicle breaks down anywhere, you can phone the insurance company’s toll-free number and they will send a tow truck or service vehicle. Pair it with car rental insurance so you can get back on the road quickly while your vehicle receives repairs. Your car rental insurance pays for a rental vehicle for a short time. The typical coverage provides a car for about a week, but you can get policies that provide for longer terms.

Contact Thompson Insurance Services serving Highland Village, TX to learn about adding coverage to your auto insurance. We can help protect your auto investment.

What are the benefits of getting auto insurance?

Posted on by admin

The Highland Village, TX area is a great place for anyone to work or live. When you are in this area of Texas, there is a huge range of recreational activities that are within a short drive as well as many professional opportunities. To ensure you are able to enjoy the area as much as possible, you will need to get auto insurance. There are several benefits that come when you get a full insurance policy.

Liability Protection

One of the primary benefits of having auto insurance is that you can receive valuable liability protection. Even if you are a very safe and cautious driver, there is always going to be a chance that you could cause an accident. If you do cause an accident while driving, you will need to cover the damages. Fortunately, if you get a full auto insurance policy, you can receive protection against this risk.

Covers Vehicle

Another advantage of an auto insurance policy is that it can cover your vehicle. If you invest in a full auto insurance policy with collision and comprehensive coverage, you can be assured that you will be protected if your vehicle is stolen or damaged. Not only will this help to provide you with financial protection, but it will also ensure you are in compliance with any lender’s insurance requirements. 

If you are going to get auto insurance in the Highland Village, TX area, it never hurts to get advice from someone experienced and that you can trust. For those that are in this area, reaching out to Thompson Insurance Services would be a great option. When you do call Thompson Insurance Services you can get personalized support and guidance. This will help to ensure that you get into the best policy for your situation. 

Why should I get umbrella insurance?

Posted on by admin

There are a lot of important decisions that need to be made when you are looking for insurance. Those that are in the Highland Village, TX area should carefully consider their personal liability risks and determine if additional insurance is needed. For those that would like more personal liability coverage, getting umbrella insurance would be a great option. There are several reasons that someone should get this protection.

Ensures Enough Coverage

A reason that a lot of people will get umbrella coverage is that it can ensure that they will have enough coverage. When you have home or auto policies, you will receive a coverage limit. This is often going to be enough if you do cause an accident, but there are situations when damages could be higher. Due to this, you should seek additional coverage. With umbrella protection, the coverage will be on top of your base policies.

Covers More Risks

Home and auto policies will give coverage to offset most risks that people could incur. However, there are additional risks that may not be covered. To offset this, you should get an umbrella insurance policy. This type of insurance will cover a much wider blanket of risks that may not fall under your base policies. This will ensure you receive appropriate protection for risks that you may not even consider today. 

If you would like to learn more about umbrella insurance and are in the Highland Village, TX, you should reach out to the team at Thompson Insurance Services. Those that come to Thompson Insurance Services for their insurance needs will learn a lot about how this insurance can protect them. Based on this, you will be able to determine whether umbrella coverage is right for you and what you need to have included in your policy. 

Three things to do before you purchase home insurance

Posted on by admin

One of the most important steps in buying a home is purchasing the right home insurance policy. At Thompson Insurance Services, we’re here to help homeowners in Highland Village, TX to meet their insurance needs.

The following are three things you need to do before you buy a home insurance policy for your home in Texas. 

Determine what your mortgage lender’s requirements are

One of the most important things to know is that mortgage lenders require their borrowers to carry adequate home insurance coverage. You should therefore discuss home insurance requirements with your mortgage lender before you purchase a policy. 

This way, you can be sure that the policy you purchase meets all of the specifications set forth by your lender. 

Compare quotes from different providers

If you want to minimize your insurance costs, you should take the time to get quotes from multiple insurance providers. Then, you can compare the offers you get and figure out which one best meets your needs at a competitive price. 

Research discounts you may be eligible for

There are quite a few different discounts that you could be eligible for. You could enjoy a discount if you carry out certain home improvement projects or if you have a security system installed to prevent burglaries. You could also enjoy a discount if you bundle multiple insurance policies with the same provider.

Take some time to research discounts. Home insurance will be a recurring cost that will add up over time. That’s why it’s so important to do what you can to minimize the number of your premiums. 

Get started now by contacting us at Thompson Insurance Services. We’ll get back to you with information on a home insurance policy for your home in Highland Village, TX. 

Why should I get renters insurance in Texas?

Posted on by admin

When you are in the Highland Village, TX area, there are plenty of great housing options to consider. One option that you will have includes renting your home. If you are going to rent a property, it is very important that you consider your insurance needs. there are several reasons why you should get a renters insurance policy in this area of Texas. 

Protects Assets

One of the main reasons why you should get a renters insurance policy is that it can protect your assets. When you move into a new rental home, you are going to be bringing with a lot of personal items. If there is a fire, bad weather damage, or another incident that causes a loss, you could lose thousands of dollars worth of clothing, furniture, electronics, and other personal items. With a renters insurance policy, you can receive coverage for these items.

Required by Landlord

When you are going to move into a new rental property, it is very important that you read your lease to understand all of your obligations. One responsibility that you will have will include making sure that you are covered by insurance. A landlord will usually have specific renters insurance requirements in the lease and will often ask for evidence of coverage before the start of the lease term.

When you are looking for a renters insurance policy in the Highland Village, TX area, it is important that you work with someone that is experienced with this form of insurance. The team at Thompson Insurance Services can help you to build an insurance policy that is right for your situation and meet your needs. Thompson Insurance Services will ensure you have appropriate coverage for your personal belongings and also are in compliance with your lease. 

You’ve Had a Fender Bender: Now What?

Posted on by admin

When you are involved in a fender bender your first response may be one of relief. But even if you are involved in an accident that, thankfully, does not cause any accidents, it doesn’t mean it won’t be a headache! If you, or a family member, have been involved in a fender bender and do not require medical attention, the first thing to do is notify your insurance agent. The team here at Thompson Insurance Services is proud to serve the Highland Village, TX community, and are here to help with all of your insurance needs.

Steps to Take After a Fender Bender

Medical and Safety Concerns – once your vehicle has been moved to safety, it’s time to evaluate your physical condition. You may feel fine, but it’s important to remember that many common car accident injuries can take days to manifest symptoms. It is worth your time to undergo a comprehensive medical exam, even if you feel fine.

Filing a Claim – this can be a stressful process, but not when you work with a local agent. They are here to help you navigate the process to ensure that your claim is filed correctly and that you are able to get to your regular routine as soon as possible.

Vehicle Repairs – we recommend policies that cover not just repairs but also alternative transportation while your vehicle is being fixed. Going without a vehicle can cause serious disruption to your life, especially if your area is not well-served by public transport or other alternatives. 

No matter how small, a fender bender can still be disruptive to your everyday life. Contact the team at Thompson Insurance Services today to find out more about the advantages of working with a Highland Village, TX full-service insurance agency.

Who Should Have Umbrella Insurance in Highland Village?

Posted on by admin

If you live in Highland Village, TX, you may not have even heard about umbrella insurance. When it comes to taking care of your property and yourself, things like home insurance, life insurance, and auto insurance are likely what comes to mind. To clear things up for you, Thompson Insurance Services wants to give you a brief rundown of what it is and who usually has it. 

A Safety Net 

Umbrella insurance is a type of safety net that you use to supplement your other insurance. When it comes to things like home and auto, you have a duty to ensure that you’re keeping others safe. If you injure someone in a car accident or a guest is injured at your home, you might be held liable for damages. And of course, if you own a business, you need to account for accusations and reputation damage. 

But a standard policy has limits when it comes to how much it can help you. You can increase the coverage of course, but even that might not go as far as you’d like. Umbrella insurance will essentially activate when you’ve maxed out the limits on your other policy. 

Who Should Have It?

If you own property or a car in Highland Village, TX, it’s not absurd to consider the possibility of this kind of insurance. However, it’s often more sought after by those in prominent positions. The CEO of a major company or a community politician may be more likely to accused of wrong-doing and sued for fault. 

If you want an honest opinion about whether to protect yourself, Thompson Insurance Services can help. We’re here to explain how your policy works under real-life scenarios and what you can do to account for the unexpected.

Personal Property and Home Insurance in Highland Village, TX

Posted on by admin

If you live in Highland Village, TX, you may be interested in how your home insurance works in case your personal property is lost, damaged, or stolen. Thompson Insurance Services wants everyone to know how they can keep their things protected from any number of threats. From criminals to smoke, we’ll look at how different policies work and what you can expect in terms of coverage. 

Make No Assumptions 

This is not just a good strategy in life, it can also save you from being surprised when you go to file an insurance claim. Some people may assume that their things are covered during certain events, only to find that their policy only covers the physical structure. So while home insurance may be able to help you fix the siding of your home, it won’t be able to replace the furniture in your living room. 

Standard Policies 

If you do have coverage, your things would typically be protected from things like natural disasters and theft. If your things are stolen — even if they’re not at home during the time of the theft — you should still be able to file for them. Just keep in mind that home insurance policies in Highland Village, TX do not cover flooding damage unless you have a specific rider attached to it. 

If you’re looking for someone to talk to about how to protect your things, especially if you’ve acquired a lot more stuff since you first bought the home, Thompson Insurance Services is here to help. When you contact us, we’ll tell you more about how your coverage limits will impact you under a variety of circumstances which can help you choose a policy that you’re comfortable with. 

Can I Install a Home Security System in My Apartment?

Posted on by admin

Residents of Highland Village, TX who live in apartments can enjoy the benefits of having a home security system installed in their home. The agents of Thompson Insurance Services are able to assist their clients in finding the right type of home security system to meet their needs.

DIY Systems

DIY home security systems are easy to install but provide efficient security measures to give you peace of mind. Most come with entry sensors for doors and windows as well as a keypad that allows you to control your system and any other "smart" devices you may have added to it.

Easy to Move From One Place to Another

With a DIY home security system, you can relocate your devices easily. Just take them down and reinstall them in your new home. There are no screws or hardware to deal with and the keypad is easy to reprogram once you have the system installed in your new home.

Self-Monitoring

Most DIY home security systems can be monitored through an easy to use app that is downloaded to your smartphone or tablet. Install the app and you can connect with your system from almost any location. With a DIY system, you are normally the one responsible for notifying the authorities in the event of an emergency.

The agents at Thompson Insurance Services offer their clients in Highland Village, TX sound advice when it comes to DIY home security systems. If you are renting an apartment, visit one of the agents today! They can re-evaluate your renter’s policy and help you decide if a home security system is something you could benefit from.