In the world of insurance, renters insurance often flies under the radar compared to its homeowner counterpart. However, it’s a vital protection for those who lease their living spaces. Whether you’re a first-time renter or a seasoned tenant, understanding renters insurance is crucial. To shed light on this topic, let’s delve into some frequently asked questions about renters insurance. What Is Renters Insurance, and Why Do I Need It? Renters insurance is a form of insurance coverage designed to safeguard your personal possessions and shield you from liability risks while leasing a property ..read more

Understanding ACV vs. Replacement Cost When you’re getting home insurance, it’s super important to know about your roof coverage. There are two main types: Actual Cash Value (ACV) and Replacement Cost. They can really affect what you pay and how you’re covered if your roof gets damaged. Let’s break down what these terms mean for homeowners. What is Roof ACV? ACV, or Actual Cash Value, is what your roof is worth right now, considering how much it’s depreciated over time. When you claim roof damage, your insurance company checks its value by looking at its age, condition, and market value when t ..read more

Recently, many of us have noticed a significant uptick in our insurance premiums, whether it’s for our homes, vehicles, or businesses. This surge in insurance rates is not without reason and understanding the underlying factors can shed light on why our wallets are feeling the pinch. One major contributing factor to the increase in insurance rates is inflation. As the cost of goods and services rises over time, insurance companies find themselves needing to adjust their premiums to keep pace with the increased expenses. Another significant driver of rising insurance premiums is the growing fre ..read more

As you go into the New Year, you have a lot to look forward to. We at Lone Star Insurance Agency want to remind you that now is a great time to review your insurance coverage. The new year brings changes to the insurance business. Rate adjustments may take effect, and policy changes may come into force. Do you make a new year’s resolution? Most of us do. Some of us struggle to stay on the bandwagon. However, we have a tip for you that can be an easy resolution. Check your insurance policies. As yearly changes take effect, now is a prime time to review your coverage. So, as you get on that new ..read more

Life insurance is a type of coverage that provides a death benefit, or payout, at the time of death. It is meant to provide your loved ones with the financial support they need after losing you, a financial contributor to the home.   While most adults who have dependents, debt or desires to leave funds behind to support their family should have life insurance, it is not as clear if children should have this coverage. Only you can decide if this is the right decision for your needs. However, there are more benefits to having it than you may realize.  Getting Insurance Now Protect ..read more

Sometimes, you might see advertisements for cheap auto insurance that offers fast, easy enrollment online without the hassle of talking to a pushy salesperson. This might sound like it’s a simple, practical way to get the auto insurance you need as efficiently as possible. However, is it really a wise step to take? Should you really go on your search for coverage all on your own? In reality, buying insurance is one of the most important times to speak to an agent. After all, car insurance is a very complicated, and to get maximized benefits, you must enroll in the one that is the best fit for ..read more

As the sun sets and the cool evening breeze rolls in, there’s no better way to create a cozy ambiance in your backyard than by gathering around a crackling fire pit. Whether you’re roasting marshmallows, sharing stories or simply enjoying the warmth, a fire pit can be a wonderful addition to your outdoor space. However, it’s essential to prioritize safety when using one.   Here are some crucial safety tips to keep in mind when using a fire pit at home:  1. Choose the right location—Selecting the right location for your fire pit is paramount. Ensure it’s at least 10 to 20 fee ..read more

As a landlord, it’s essential to have insurance coverage to protect your rental property and financial investment. Landlord insurance, also known as rental property insurance, is designed to safeguard those who rent out their residential or commercial properties to tenants. It helps provide financial protection against various risks and liabilities from owning and renting a property. Without adequate insurance, a landlord or property owner would have to pay for costly claims out of pocket.  What Coverage Is Included in a Landlord Insurance Policy?  The following are some common c ..read more

When you place your car in the garage, you expect to protect it from the elements. However, that’s not always a guarantee. Even when in the garage, the car can sustain damage from a variety of issues. Should this happen, will your home insurance or your car insurance cover the damage? Let’s explore some scenarios that could cause damage to the car while in the garage, and see how you can get coverage.  The bottom line is that both cars and homes need separate insurance coverage, and your car will likely only receive coverage from its specific insurance policy.  The Difference Bet ..read more

Insurance is a wonderful thing, especially when you own and operate something that would be financially difficult to replace, such as an RV. Insurance should put you at ease, because even if something does go wrong, it won’t cost an arm and a leg to fix it. However, most people still don’t want to deal with the hassle of an accident or another incident that would result in filing a claim. Here are a few of the most common RV insurance claims that any RV owner should try to avoid.  Turning Right  It may seem a little silly at first, but right turns are especially dangerous in any ..read more