Your homeowners may not cover damages caused by floods. Another factor you need to know about flood insurance is that your lending institution may require it. Flood insurance is generally not included in your homeowner’s policy and you will need to get insurance through the National Flood Insurance Program (NFIP) to stay properly protected.

Our agents at The Policy Source of Austin, TX have helped countless individuals with flood insurance policies in the great state of Texas. There are important things to know about flood insurance that our agents can discuss with you.

What You Should Know About Flood Insurance

• Unexpected floods – Even if you live in an area that is not considered a flood zone, an unexpected flood could strike and devastate your property. Flood insurance will keep you protected.
• Water main breaks – Events like a water main bursting can cause flooding in your home. The right kind of flood insurance will cover this.
• Heavy snow melting – While not often considered, this is the potential to cause flooding in your home that flood insurance can cover.
• Coverage beyond homeowners – Flood insurance will cover claims beyond what your standard homeowners may cover.

Understanding your flood insurance requirements is important to protect your valuables and family from disaster. It can help to discuss the details of your flood Insurance with experienced agents who can show you how to get the most from your policy.

Flood Insurance in Austin

Contact one of our team members at The Policy Source of Austin, TX to discuss your flood insurance options. Our agents have helped many people get peace of mind with quality insurance policies. We are happy to work with you to find the perfect policy for your needs.

Condo insurance is coverage for your home if you live in a building owned or managed by a condo association. When you have condo insurance, you can rest knowing that unit repairs and damaged personal items may be covered by your policy.

This kind of insurance protects you, your personal belongings, and your home. If you live in Austin, TX, The Policy Source can help you find the right condo insurance policy. Here’s what you need to know about your coverage.

Personal Liability Coverage

When somebody is injured in your condo, your insurance company may provide coverage. If you are deemed to be the faulty party, your liability coverage may pay for expenses like medical bills. Some policies will cover medical bills even if you are not deemed to be at fault for the injuries.

Building Property Protection

If you live in a condo with shared walls, you may benefit from building property protection to cover damage like cracks and major destruction. Even though you do not own the building, property protection can help you avoid difficult situations.

Personal Property Coverage

When you have personal property protection with your condo insurance, damage and theft may be covered. Personal property covers things like appliances, furniture, electronics, and other items you own. There is often a specific limit for personal property coverage.

Flood Insurance

Many people add flood insurance to their condo coverage. Some lenders require flood insurance, which covers all damage caused by flooding to your condo.

You Have Many Condo Insurance Options

Each condo owner needs to have the right coverage to suit their needs. If you are unsure about your insurance policy needs in Austin, TX, get in touch with The Policy Source to learn more.

When you are held liable for an accident of some kind, it often means that you will have to pay quite a bit to take care of medical bills. However, if you have enough insurance, your policies will pay for what you own. If you are interested in umbrella insurance to handle some of your liability risks, call us today at The Policy Source in Austin, TX. 

Medical Bills and Liability 

If an accident happens in your car or in your home, you may be judged to be liable for that accident. That means that you are liable for the medical bills that result from it. Coming up with those bills from your own pocket can be extremely difficult, but you likely have home insurance and auto insurance to pick up those bills. However, did you know that you often don’t get much liability protection from home and auto insurance policies? If you don’t have enough, you will have to come up with the overage. 

Umbrella Insurance Protection

If your home or auto policy doesn’t pay enough of the bills that result from the accident, you can have your umbrella insurance policy come in and pay the overage. An umbrella policy works with the home and auto policies that you already have in place. It pays once those have paid out as much as they’re going to. That way, you don’t have to go bankrupt to pay for the massive medical bills that can be caused by a serious accident. 

Protect Your Future Finances

If you were to get a higher amount of liability coverage directly from your home and auto policies, you can expect to pay quite a lot. However, umbrella insurance is an affordable way to get the extra coverage you need to protect yourself financially. To find out more, contact us at The Policy Source in Austin, TX.

Anyone that is looking for a fun way to get around the Austin, TX area should consider getting a motorcycle. If you are going to get a motorcycle here, you should invest in a new motorcycle insurance plan. There continue to be several reasons why the typical owner here will need to have a policy in place whenever they own or drive a motorcycle.

Insurance Ensures Legal Compliance

A reason motorcycle operators in Texas need to have motorcycle insurance is so they can comply with the law. Drivers all over the state are obligated to carry liability insurance. If you do not carry this insurance, you will have to come out of pocket to cover damages that may be caused by an accident. Additionally, you could face penalization if you are driving without motorcycle insurance as you will be in legal violation.

Coverage Motorcycle

You should also get a motorcycle insurance plan so you can protect your motorcycle. If you choose to purchase a motorcycle, it will be something that you will want to enjoy for a long time. If you do not have proper coverage, you could lose it if there is an accident or the asset is stolen. With a proper motorcycle insurance plan that has collision and comprehensive protection, you will have the coverage you need to repair or replace the motorcycle. 

Austin, TX motorcycle owners need to have proper insurance at all times. As you are looking for a new motorcycle insurance plan in this area, it would be a good idea to call The Policy Source. When you call The Policy Source, you will have the support needed to understand your various options. They can help you determine which type of coverage is right for you and will provide support as you choose a plan. 

If you have wished to own and drive an RV on Austin, TX roads, you are not alone—it’s an American dream. A recent SpareFoot survey on leisure vehicles found that 42% of Americans would buy an RV if money weren’t an object. If you’re on the market for an RV, you need to look at all possible options before making a final decision.

The Policy Source recommends going through what the market has and narrowing down your list. Don’t forget to have a list of essentials and extras when selecting. Here are a few features we thought you should put into consideration.

New vs. used

The first question you probably need to ask yourself is whether you can afford a new RV. Well, it’s quite an investment but less risky than buying a used RV. However, that doesn’t mean you cannot get a good deal for a used RV. Similarly, buying a new RV doesn’t mean it won’t have any mechanical problems. Carefully think about what you want and do some research about it. Note that RVs don’t depreciate like small cars; they hold their value for a long time.

Size and storage

You also need to think about where your RV is going to sleep when not in use. If you have ample garage space, you don’t need to worry about storage. But if storage is an issue for you, you may want to look for options that fit your space. The size of your RV also determines how many people you can have onboard. Think about the size of your family and the overall weight recommended by the manufacturer.

Other features

RVs often come with many other features like a bathroom, kitchen, bed area, and much other good stuff. Know what you need and buy an RV that satisfies all your needs.

Don’t forget about insurance. You cannot drive around Austin, TX, roads without RV insurance. So, make sure it’s part of the budget. To get your customized policy, contact The Policy Source today!

Motorcycle riders have become a vulnerable population over the years. The vulnerability to accidents and the costs that follow can be overwhelming. Most motorcycle owners in the Lone Star State don’t understand the importance of having inclusive motorcycle insurance coverage in place in case of unforeseen accidents. If you live in Austin, TX, you must have a motorcycle insurance cover in place.

What is Motorcycle Insurance?

Having insurance coverage for your motorcycle is no less than having a policy for your vehicle. Motorcycle insurance provides financial protection to the owner in case of accidents, loss, theft, or damage to the bike. When you have motorcycle insurance from The Policy Source, the cover also protects you from injuries caused by another person or any property damage involved. As a rider, you’ll have a wide range of coverages to consider depending on your needs. 

Is Motorcycle Insurance a Must in Texas?

If you are a rider residing in Austin, Texas, the law mandates you to have insurance. As such, you must show proof of insurance before registering your bike. Texas’s state law sets rather stringent rules that every rider must comply with when riding a motorcycle. Having valid insurance is one of the requirements that every rider must meet. 

The state stipulates specific liability insurance coverage categories for riders. 

• $25,000 is the set limit in Texas as property liability coverage.
• All riders must also have $30,000 bodily injury liability coverage for injuries to a person in an accident.
• Further, riders must have $60,000 bodily injury liability coverage for total injuries in an accident. 

We Are at Your Service

Without medical payment coverage and property damage liability coverage, you can’t ride a motorcycle in Texas. The good news is that at The Policy Source, we understand all the legislative issues about motorcycles in Austin, TX. You can rely on our services for the best insurance solutions.

Our agents are always eager to serve you. Contact us today for unmatched services. 

As a boat owner in Austin, TX, you might wonder why you need to have boat insurance all year, especially when you only use your boat in specific months. The Policy Source has seen many boat owners cancel their insurance after every season. However, this is not the best approach as it can be expensive in the long run. You need to have your boat insurance all year round as it offers the following benefits. 

Homeowners Insurance Limitations

You might have a perception that your homeowner’s association will provide the necessary coverage for your boat when it is on the property. However, most of the associations only provide very limited coverage against boat damage, which means that you need to have boat insurance to cover other needs such as theft, fire, and even damages. 

Possibility of Out-of-Water Risk

Risks are likely to happen all year round. Therefore, if you cancel your boat insurance in the winter months, you will not have any protection. Vandalism, fire, and theft are not seasonal challenges. They are also likely to happen in winter when you have already canceled your boat insurance, and you end up suffering. 

Sometimes It Is Required

Boats are expensive assets that, in most cases, you have acquired through financing. The lenders might require you to maintain the insurance cover throughout the year as one of the terms of financing. This is a common practice that is used by most lenders because they are also making an investment in your asset until you pay all the money back. 

Are You Looking for Boat Insurance?

In Austin, TX, The Policy Source will help you get the best boat insurance coverage to shield you against all unforeseen problems your boat is likely to encounter. Visit our website and learn more about boat insurance.

Anyone that lives in the Austin, TX area is going to have a variety of different insurance needs. One important form of insurance that you will need to get will be umbrella insurance, which is a great way to provide yourself with personal liability protection. There are a few different important reasons to invest in a new umbrella policy. 

Umbrella Coverage Protects Against Severe Accidents

A reason why a lot of people choose to invest in an umbrella insurance policy is that it can protect against more severe accidents. Most people are going to have some form of coverage through their home or auto coverage policies. However, it is always possible that a severe accident could result in damages that are in excess of this insurance coverage. When you get umbrella insurance, it will provide coverage that will go beyond your other policies.

Umbrella Coverage Protects Against Unpredictable Risks

Through the use of the home, auto, and other types of insurance policies, you can get the coverage that will give protection against relevant risks. However, there continue to be risks that an accident will occur that is outside of your existing policies. When you get an umbrella insurance policy, the broad coverage will cover far more situations, which can ensure you are protected against risks that you are not even aware of or considering. 

In Austin, TX it continues to be very important to get proper umbrella insurance. As you are looking for a new policy, you should call The Policy Source. The insurance team with The Policy Source understands all of the benefits that come with umbrella coverage. They can provide service when it comes to assessing your needs and building a policy. This will ensure you remain properly covered in the future.