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What coverage does renters insurance provide

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If you are a renter and living without renters’ insurance, you are not alone. More than half of all renters don’t bother with renters insurance. At Rasor Insurance in Celina, TX, we are an independent insurance agency, and we provide personalized service to our customers. We work for our customers, not the insurance carriers, and we can offer more choices and the most affordable rates.

Renters’ insurance provides a lot of different types of valuable protection. All of them are worthwhile having. 

Personal property

You own a lot more than you realize, and many of your personal possessions will likely be in your rental. If a covered hazard hit your rental, this coverage would help you replace the lost items. It also covers your possessions when you are away from home. You have two options for coverage. You can cover the items for their current value, which allows for depreciation, or cover them for the amount it would cost you today to replace them. 

Liability protection 

Getting sued is not something anyone ever wants to think about, but it does happen. If someone gets injured or sick at your rental, you could end up being liable for their medical bills, and they may even decide to take legal action. This coverage will help pay the bills and even the legal expenses. 

Loss of use

Have you ever thought about where you would go if your rental was damaged and you had to move out while being repaired? How would you pay for the accommodation? If you have renters’ insurance, you will have the money for a place to stay. It can cover a hotel and meals in the immediate aftermath and a temporary rental if the stay is longer. 

Contact Rasor Insurance in Celina, TX, when you are ready to discuss how renters insurance can benefit you. 

Does Texas require RV insurance?

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An RV can be the ideal solution when you want to live on the road and tour the country. Specifically to Texas, you’ll need RV insurance with the below minimum liability coverage:

  • $30,000 in bodily injury per person
  • $60,000 in total bodily injury per accident
  • $25,000 in property damage per accident

While it may be tempting to roll with the lowest level of required insurance to save money, this can prove exponentially costly in an accident. Driving an RV takes care, patience, and attention, with even the smallest accidents leading to expensive repairs for yourself and anyone that you injure or hit. Consequently, it is doubtful that the minimum liability coverage as required by Texas will be adequate to prevent you from having out-of-pocket expenses during an accident. 

In addition to liability coverage to help pay for medical bills and legal fees associated with injuring or damaging a third party person or their property, most RV insurances also include comprehensive and collision coverage that helps pay to repair or replace your RV. You may even be required to carry these coverages if you are financing the RV. If you live in your RV full-time, you’ll want to specify that with your insurance provider as you’ll likely need additional coverage. Other coverages that you may want to consider include pest damage protection, replacement cost, roadside assistance, and total loss replacement. 

Hit the road today and call Rasor Insurance in Celina, TX to learn more about our RV insurance options. We’ll help customize a policy that meets all your needs while protecting your assets. Stop by our conveniently located office or give us a call today to learn more information. 

 

What Are the Penalties For Driving Without Motorcycle Insurance?

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If you own a motorcycle, you are required to carry motorcycle insurance when you are operating your motorcycle. Texas has some of the strictest penalties for operating any vehicle, including a bike, without insurance. Here at Rasor Insurance, serving the greater Celina, TX area, we want to ensure our customers know the penalties they may be facing if they fail to carry insurance. Here are a few of those penalties. 

A Citation and Fine

If you are caught driving without motorcycle insurance, you could be facing a fine of anywhere from $175 to $1000, depending on how many times you have received a citation for the same offense. If you are involved in an accident without insurance, you may also be required to carry costly SR-22 insurance. 

A License Renewal Surcharge

One of Texas’s deterrents to prevent drivers from driving without insurance is a license renewal surcharge. If you are caught driving a car or operating a motorcycle without insurance, you will have to pay a $250 fine the next three times you need to renew your license. This is one of the most costly penalties for driving without insurance in the United States. 

The Inability to Register Your Bike

Finally, if you do not have current insurance on your bike, you may be unable to register your motorcycle. If your bike is not registered, you may face even more fines if you are caught operating it. 

The penalties for driving without motorcycle insurance can be costly in Texas. If you have a motorcycle that is not insured, you need to get it insured to ensure you do not face any of these strict fines or problems. Rasor Insurance is proud to serve the greater Celina, TX area. If you are looking for motorcycle insurance, let us help you. Call us today to obtain an estimate. 

Protect your boat both on and off the water

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If you are a boat owner in the Celina, TX area, you can rely on the team at Rasor Insurance. We are here to help you keep your boat protected, both on and off the water. 

Does your boat policy provide the protection you need?

We all know how much fun owning a boat can be, but, of course, there is also a lot of work involved. If you are a boat owner who wants to keep your vessel protected both on and off the water, keep reading.

In addition to having coverage for mishaps that can occur on the water, you will also want to protect your boat while it is in storage, at the dock, or on land. A comprehensive boat policy can cover circumstances like the following:

  • at-sea towing
  • accidents that occur while your boat is being towed
  • vandalism, theft, or other damage
  • liability for injuries that occur on your boat
  • damage caused while the boat is in dry dock or storage

A comprehensive policy is a great idea for anyone who is looking to enjoy their boat with the peace of mind that comes with knowing that you are protected whatever circumstances may arise. Now is a perfect time to review your current policy for completeness and make any upgrades that are necessary.

Contact us today!

Rasor Insurance is here to help our friends and neighbors in the Celina, TX area protect their boats both on and off the water. If you are interested in learning more about the policy options that are available in our area, call or stop by our office today!

How Does Commercial Insurance Protect My Texas Business?

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Business ownership in Texas is no easy feat – it takes years of planning, strategy, raising and saving money, all while making personal sacrifices so you can achieve your dreams. 

Once you’re open for business, one of the most essential pieces of the puzzle to protect your business is commercial insurance. The team at Rasor Insurance is here to help business owners in Celina, TX with all their insurance needs; keep reading for more on how we can help your business in Texas. 

Commercial insurance can protect your assets, investments, employees, inventory, and much more. If you have a building or brick-and-mortar store, these can also be protected by an insurance policy. If you have a fleet of vehicles, commercial auto insurance is highly recommended. 

If your building becomes damaged, vandalized, or your inventory is stolen, commercial insurance can provide coverage that you would otherwise have to pay for out of pocket. That kind of financial ruin can be lethal to a small business; don’t put yourself in harm’s way just because you don’t know what kind of plan you should buy. 

Rasor Insurance is here to help. Many businesses just go with a cookie-cutter, standard plan so they don’t have to spend too much time dealing with insurance. While we understand this approach, we highly recommend working with an agent who can deal with all the fine print for you. Our team will set you up with the policy you need, based on your business goals, strategy for scaling up, and current growth. 

This leaves you with the opportunity to do what you love – run the business. Our commercial plans are not one size fits all; they can scale as your business does. If you’re in the Celina, TX area, contact us today! 

Why should someone get commercial coverage in Texas

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Those that are going to start a business should consider starting in the Celina, TX area. This part of the state offers a lot of support to local businesses and can offer a lot of opportunities. If you want to be a business owner here, you need to choose a good insurance plan. A commercial coverage plan should be obtained for a few reasons. 

Protect Their Business

A primary reason that anyone should get a commercial insurance plan in this area is so they can protect their business. There are a lot of risks that business owners face on a daily basis. This can include the risk of being named liable in a lawsuit or losing core assets in a fire or other accident. If you are properly insured with commercial coverage, you will be protected against these concerns. 

Ensure Compliance

You should also get commercial coverage for your business to ensure you are compliant with any insurance requirements. When you are looking to start and grow a company, it is likely that you will need to take out a loan, lease a building, or enter into various vendor contracts. In many of these cases, you will need to sign a variety of contracts and agreements which may include setting insurance requirements. A proper commercial coverage plan will help you comply with these requirements.

When you are looking to properly insurance your business in the Celina, TX area, it would be a good idea to start your search by speaking with Rasor Insurance. There are a lot of complexities that come with choosing an insurance plan and Rasor Insurance will make it easier for you. This can help ensure you enter into an insurance policy that will protect your company and keep you in full insurance compliance. 

Auto Insurance Facts

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It is not a secret that car accidents are, unfortunately, incredibly common. All cars require insurance, but some insurance covers more than others. Texas is a state with one of the highest number of car accidents and therefore, appropriate auto insurance coverage can be vital. 

Rasor Insurance in Celina, TX provides auto insurance to drivers in the following states:

  • Texas
  • Oklahoma 

If you call us, we will provide you with several quotes from the many providers we work with. 

What auto insurance you must have

All drivers must have auto insurance, but as we mentioned previously, every insurance looks a little different. While you need specific coverage on your auto insurance, you can always get a higher coverage or add additional coverage on your insurance. However, there are two must-have items for all auto insurance:

  • You must be covered in the case of physical harm to another person, which is 30 thousand dollars per person and 60 thousand dollars per accident. 
  • Coverage for property damage, which should be a minimum of 25 thousand dollars. 

Most coverage should provide this already, but it’s worth looking into whether you need to get additional coverage. 

What else to look into

While the above is already great coverage in case of emergency, you might want to consider opting in for some extras. Some of these might be personal injury coverage, or liability insurance if you take others out on trips often, to name a few. 

Whatever it is you might need, or even if you’re not quite sure what you need, we are here to support you. Call our Rasor Insurance office in Celina, TX right away and one of our advisors will discuss all your options with you. 

3 Reasons You Should Have Umbrella Insurance

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With so many bills scrambling for your check, you may wonder why you should add umbrella insurance to your insurance list. After all, you already have a boat, home, and car insurance policy. But as you will learn from Rasor Insurance of Celina, TX, umbrella insurance is an asset that everyone earning a source of income should purchase. 

Here are three reasons why you need umbrella insurance.

Legal claims can be expensive

Your home and auto liability insurance coverages are good, but they can only stretch as far when faced with significant liability claims. For instance, an average dog bite legal settlement costs an average of about $45,000. Suppose you have home liability insurance of $10,000. When faced with a dog bite claim, you will be short of $35,000. Without umbrella insurance, your assets and future income will be in limbo. 

Unfortunately, everyone can be sued anytime. Whether super-rich or trying to make a living, umbrella insurance protects you from legal claims that can cost you thousands, if not millions of dollars.

To protect your assets

How long has it taken to accumulate your assets? Now, assume someone claiming your investments because of some frivolous lawsuits? It can be painful watching your assets being liquidated to pay settlement claims. Luckily, this isn’t the case when you have umbrella insurance. This affordable coverage ensures that you aren’t financially devastated even after lawsuits come raining.

For peace of mind

In our society today, you can be sued for virtually anything. And because of the litigious society we live in, you don’t have to live on the edge wondering who might come for your assets. Instead, let umbrella insurance take care of all your worries. 

Umbrella insurance in Celina, TX

Lawsuits are expensive and can potentially lead to lost assets. Thankfully, if you buy umbrella insurance from Rasor Insurance, it can protect your assets from all manner of lawsuits. 

What are the advantages of having home insurance in Texas?

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The Celina, TX area has continued to be a great place for people to purchase their own homes. As you are shopping for a property in this state, you will find that having the proper insurance will be a good investment and idea. There are several advantages that will come when you have home insurance coverage here.

Protect Property

If you want to buy a home here, you will want to know your investments is protected. A home insurance plan gives the coverage needed to repair your home if it is damaged by weather, vandalism, fire, or other risks. This coverage ultimately will help to ensure you have the capacity to repair or even replace your property. 

Mitigate Liability Risk

Property owners will take on some liability risk. An accident in your home that results in injuries or property damage could be the owner’s responsibility. With a home insurance plan, you are going to have the coverage you need to mitigate this concern. 

Ensure Compliance

You also will want to have a home insurance plan as it will ensure you remain in compliance with any obligations. Property owners are frequently required to carry home insurance. If you are living within a home association or took out a mortgage, you likely will be required to have coverage. 

A property owner in the Celina, TX area will clearly always want to have a home insurance plan in place. As you are assessing your insurance options in this part of Texas, speaking with the professionals with Rasor Insurance will be a very good idea. The team with Rasor Insurance can provide any support that you need to build a quality plan. This will help to ensure you and your home are properly covered at all times. 

What Insurance Does A Non-Commercial Farm Need?

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If you operate a small family farm or care for one as a hobby around Celina, TX, you have insurance needs that a typical homeowners policy will not cover. Rasor Insurance is here to help farms and ranches of any size. Let’s take a look at what farming activities need specialized insurance.

Equipment

Machinery and equipment used on farms and ranches is an expensive but often necessary investment. This includes tractors and other field equipment necessary for crop management. 

Animals

If you manage livestock on your farm, an insurance policy will offer coverage in the event they are injured or killed due to a basic peril. Some agencies offer extensions to cover more unique perils, such as being killed by a train or attacks by wild animals. 

Many companies offer separate coverage for horses and other equine animals. This coverage can be used for horses that work on the farm, are used for breeding or shows, or are simply kept for pleasure. Examples of equine insurance coverage include death due to sickness or disease and major medical expenses. 

Buildings

Outbuildings such as barns or sheds for equipment may not be covered by your homeowner’s insurance policy. Depending on how far away the building is from your home and what it is used for, you may need a farm policy instead. 

Crops

Most agencies require a separate policy to insure crops that are on the field. However, crops that are in storage can be covered by a basic farm insurance policy. This includes stored grain and seeds.

Farm and ranch insurance is a highly customizable option to protect your hobby farm, even if you do not plan to make money off of it. Reach out to Rasor Insurance, serving Celina, TX, today to learn more!