Three Key Points About Umbrella Insurance

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Umbrella insurance is a type of coverage that offers additional protection beyond the limits of your standard insurance policies. Umbrella insurance provides additional liability coverage for accidental injury, property damage, and legal defense costs.

1. Eligibility Matters

To be eligible for umbrella insurance coverage, you typically need at least one underlying policy. This can include policies such as auto, home, or business insurance.

For example, at Rasor Insurance in Celina, TX, available policies include the following:

  • Auto
  • Home
  • Commercial
  • Farm & Ranch
  • Life
  • Flood
  • Boat/Watercraft
  • Motor Home
  • Motorcycle
  • Renters
  • RV

2. Protects You from Large Financial Losses

If you’re unsure about purchasing umbrella insurance, it’s critical to consider the benefits. One of the primary benefits of umbrella insurance is that it can help protect you from significant financial losses.

For example, suppose you are legally responsible for injuring someone in a car accident. In that case, your umbrella insurance coverage can protect against any damages that exceed the limits of your standard auto policy.

3. Offers Comprehensive Coverage

Not only does umbrella insurance provide liability coverage, but it can also cover certain expenses that are not covered by your standard policies. This includes legal defense and damages from false arrest or malicious prosecution.

Whether you’re a business owner or an individual homeowner, it’s worth speaking with your insurance provider to learn more about umbrella coverage and whether it makes sense for you.

The Bottom Line

At Rasor Insurance in Celina, TX, we offer comprehensive coverage that helps protect individuals and businesses from significant financial losses. With our experienced team of insurance experts, you can feel confident knowing you’re protected against the unexpected.

Contact us today to learn more about our umbrella insurance options and other available policies.

Things home insurance won’t cover

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Reading your home insurance policy is vital to your financial security. If you are under the impression that your home insurance covers everything that can go wrong, you will be disappointed if you have a claim. It could be an excluded hazard. At Rasor Insurance in Celina, TX, we have been an independent insurance agency for 20 years, allowing us to offer more choices. No matter what your insurance needs are, we will be able to help. 

Flooding

Warmer temperatures have led to changes in weather patterns and rising seawater. This increases the risk of flooding all over the country. Texas is not an exception. Unfortunately, surface water is not covered by a traditional home insurance policy. You have coverage for a busted pipe that floods your home but not water coming in from outside. The good news is that you can have coverage for flooding through the National Flood Insurance Program (NFIP). You need to buy additional policies. 

Owner Neglect

Part of your responsibility as a homeowner is to maintain your home. You can’t put off vital repairs. If you delay replacing an aging roof and you get damage to the interior of your home, your insurance will likely deny your claim. If you get carpenter ants or termites, your home insurance won’t cover it since you should be getting treatment if you can reasonably expect that you may have an infestation. 

Earth movement

It isn’t a good thing if the earth moves under your feet. It also won’t be covered by traditional home insurance. That includes not only earthquakes but sinkholes, mudslides, and landslides. You can get coverage for these things, but you must purchase a separate policy. 

Contact Rasor Insurance in Celina, TX for all your home insurance needs. 

What You Need to Know Before Buying Farm or Ranch Insurance

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Farm and ranch insurance is a specialized type of property insurance that has become increasingly popular in recent years. The Rasor Insurance Agency, located in Celina, TX, is one of the state’s farm and ranch insurance providers. Before buying farm or ranch insurance, there are a few key things to know.

Covers Farm Equipment and Livestock

This includes tractors, plows, harvesters, and other machinery you use on your farm or ranch. It also covers any animals on your property, such as cattle, horses, pigs, and chickens.

Protects Against Liability

You could be held liable if someone is injured on your property or if you damage someone else’s property. Farm and ranch insurance can help to protect you financially in these situations. It can also cover any legal fees that you may incur.

Great for Full-time or Part-time Farmers

Whether you are a full-time farmer or someone with just a few acres of land, farm and ranch insurance can be a good option. It can help to protect your investment and give you peace of mind. Being a farmer comes with the inherent risk of property damage and liability, natural disasters, and more.

Many Different Coverage Options Available

There are a variety of different coverage options available when it comes to farm and ranch insurance. You can choose the coverage that best fits your needs. Some possibilities include property damage, liability, business interruption, crop insurance, and more.

Protect Your Farm Buildings

Your farm buildings, such as your barn, shed, or garage, is also covered under farm and ranch insurance. This can help to protect your investment in your property.

When you’re ready to purchase farm or ranch insurance, contact the Rasor Insurance Agency in Celina, TX. We can help you to find the right policy for your needs. Give us a call today.

Get Important Protection From Home Insurance

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If you own your own home, you must protect it the best you can. Part of doing this is to get home insurance and to keep it for as long as you own your home. This type of protection offers many kinds of coverage in one policy to protect you in several ways. Call us at Rasor Insurance in Celina, TX to get started when you need a home insurance policy. 

House Protection

Your house is a considerable investment, and home insurance can help protect it. One of the most critical parts of home insurance is coverage for the house itself. It covers a wide range of risks that can each cause damage to your home. If a covered damaging event happens to your house and there is expensive damage done to it, your policy will pay for the repairs needed to get it back to normal again. Repairs can be costly, so this coverage is important to protect your finances after such an incident. 

Protection for Belongings

When you have home insurance, it also protects all of your possessions. It gives you coverage for your belongings, much like your house’s. If a damaging event to your home damages your belongings, this coverage will pay for your items to be replaced. This is another type of essential coverage that can save you an enormous amount of money after a severe event has happened. It’s vital to have this coverage to protect yourself and your lifestyle. 

Cover Your Home With Home Insurance

As a homeowner, you need to have home insurance for your financial protection. If you need a policy of your own, call us at Rasor Insurance in Celina, TX.

 

How to Choose the Right Recreational Insurance Policy

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When it comes to choosing the right insurance policy, there are a lot of factors to consider. But with so many options, how do you know which one is right for you? Here are a few things to remember when choosing a recreational vehicle insurance policy.

1. Consider What Kind of Coverage You Need

The first step in choosing the right policy is considering what kind of coverage you need. There are various coverage options available, so it’s important to consider what you’ll be using your recreational vehicle for and what risks you’re willing to take.

2. Determine Your Budget

Once you’ve considered what kind of coverage you need, you’ll need to determine your budget. Insurance policies can vary widely in price, so it’s crucial to find one that fits your financial capabilities. However, don’t sacrifice coverage for the price. It’s important to find a balance between the two.

3. Compare Policies

Once you’ve determined your budget and coverage needs, it’s time to compare policies. There are several ways to compare policies. The first way involves looking at the coverage offered by each policy. Make sure that the policy you’re considering covers all of your needs. The second way to compare policies is to look at the pricing. Be sure to compare each policy’s premiums, deductibles, and co-pays. The third way to compare policies is to read the fine print. Make sure you understand all of the terms and conditions of each policy before making a decision.

4. Make a Decision

Once you’ve compared the policies, it’s time to decide. Be sure to choose the policy that best meets your needs. If you have any questions, be sure to ask the insurance company for clarification.

Rasor Insurance in Celina, TX offers a variety of recreational vehicle insurance policies to fit your needs and budget. Contact us today to learn more about our coverage options and get a free quote.

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!