Homeowners’ policies are one of the most important coverages in insurance. This coverage pays for damages caused by fires, storms, wind, water damage, and any other disasters, natural or manmade. A homeowners’ policy also covers accidents and theft. But what exactly does homeowners’ insurance cover? There’s a lot of confusion about what’s covered or not covered by this policy.
Read the policy from cover to cover to ensure that you get the coverage that you’re looking for. If you are looking for homeowners’ insurance in Houston, TX, Heydari Financial Group has you covered. Our agents will explain, step by step, every detail of the policy to ensure that you get coverage that works best for you. That said, let’s look at the aspects of your home that are covered in a standard homeowners’ policy.
If the wind blows a section of your roof away, your homeowners’ policy will definitely cover the cost of repairing the part of the roof that has been damaged, but what if the some of your personal belongings — say furniture, electronics, jewelry, or clothes — are destroyed due to exposure to external elements? The answer is yes. While policies vary from one provider to the next, most of them cover personal items such as clothes, furniture, appliances, sports equipment, etc. if they are destroyed by an insured disaster.
Usually, there are conditions when it comes to the coverage of personal belongings. In most cases, coverage is extended to 50-70 percent of the coverage you have on the dwelling. Valuable items such as jewelry, art, collectibles, and fur are covered up to a certain limit. You can get additional coverage for your jewelry or expensive art. Conduct a home inventory to determine if you have adequate coverage for all personal items in your home. Get in touch with Heydari Financial Group in Houston, TX for more information about homeowners’ insurance.
When it comes to owning a car, one of the most important things you can have is a good auto policy. Auto policies cover a wide range of things that many drives may not even be aware of, and one of them is contents. For those that live in or around the Houston, TX area, the agents that work with Heydari Financial Group can help you to find the perfect auto policy for your particular needs.
The contents of your car are covered in many cases of theft, damage, and even if the car is wrecked and your items are unsalvageable. This is a great feature of most policies that help to cover the cost of recovering or replacing items if your car is totaled or if it is broken into. You do need to make sure however that you are taking the time to create a policy that covers the contents of your car so that you can be sure your car is fully covered.
The contents of your car are likely only covered up to a certain amount unless they are specifically labeled or covered otherwise. A good example is someone that works out of their car or that carries work supplies and expensive work items in their vehicle. This means things like laptops, other computers, and other expensive supplies. Your employer likely has them covered if you are working for someone, but if you are using your items for your own business, you will want to have a policy that covers them.
If you live in or around the Houston, TX area, Heydari Financial Group’s agents can help you to create a policy that is specific to your lifestyle, your car, and needed coverage.
Residents of Houston, TX are no strangers to extreme weather. And, since hurricane season is kicking into high gear, business owners, in particular, are looking to make sure their assets are adequately covered. Something most people never think about is the risk to company-owned vehicles. High winds and flooding can wreak havoc on a fleet of vehicles. If the worst happens, are you covered? The experts of Heydari Financial Group have put their heads together to help answer this question.
How Comprehensive Is “Comprehensive” Coverage?
The first answer to any question about insurance is always the same: the details will vary by policy. That means you want to read the fine print and make sure you do have the coverage you want. That said, comprehensive vehicle coverage is typically a lot better about weather damage than homeowners insurance and similar notorious policies. On average, a comprehensive plan will protect your vehicle from water damage, falling debris, and other common threats of serious hurricanes. That extends to commercial insurance as well provided you are insured beyond minimum liability requirements.
It’s also important to remember that increasing total coverage usually comes with higher premiums. If you want to try to find the sweet spot between perfect coverage and low business costs, you should consider having a conversation with your Heydari Financial Group representative. They understand the weather risks and other peculiarities of life in Houston, TX, and they’re ready to help you look through all of your options to find the right fit. That’s always the first step to managing business costs and getting the most mileage out of each of your vehicles.
Houston, TX homes are often subject to a lot of wind and other types of damage that can affect a roof. Thankfully, we, at Heydari Financial Group, can provide you with policies that protect your house. For example, most homeowners insurance will protect your roof from unexpected and natural issues, such as hail or a tree suddenly falling on your home during a storm.
Leaks are More Complex
While homeowner’s insurance will cover leaks, in most cases, the coverage is complicated by what caused the leak. For example, unexpected damage such as fire, storm, or wind damage will cover your roof leaks. Make sure that your policy does not include exclusions here, as this could be a major disappointment if your home suffers from this type of damage.
However, common wear-and-tear damage is not covered by most types of policies. So if your leaks occur due to age or poor maintenance on your part, your policy won’t kick in and help you. Unfortunately, that is likely what causes most leaks, so you may be in a rough situation.
How Repairs Can Help
You can avoid this issue by getting your roof repaired. This process includes replacing worn shingles, fixing broken seams, and ensuring that your roof is a smooth and damage-free area. Take photos of the roof before and after the repairs. You can use these photos when you develop a leak to prove that you took steps to maintain its integrity and when other issues are at play.
Don’t Let a Leak Ruin Your Home
If you live in Houston, TX and are worried about your roof coverage, make sure you contact us at Heydari Financial Group to learn more. We can get you the best homeowners insurance coverage and make sure that your roof repairs are covered.
Your auto insurance policy protects you from financial losses in case of an accident. An insurance agent, such as Heydari Financial Group in Houston, TX, may help you find the auto insurance policy that best suits your car and its needs. If you do not understand the amount of coverage it offers, they may offer you help.
Who Is Covered When Driving Your Car?
- Understanding exactly who is covered when driving your car can be difficult because different insurance providers have different policies. However, all members of your household are covered when driving your car. They could either be your friends, roommates, or family that lives with you.
- If you allow friends or family members that do not live with you to use your car, and they get into an accident, your auto insurance will cover the claim. Your auto insurance policy would not cover you if a friend or a family member were driving your car without your permission. In such situations, they may have to use their own insurance.
- It is a good idea to include everyone that may use your car in your policy. Your auto insurance policy is for your vehicle and not for you. This means that in most cases, you will receive compensation even if you were not driving the car at the time of the accident. The only time when your auto insurance coverage won’t cover the claim is when you have excluded a friend from your policy, or if the friend that was driving your car did not have permission and is uninsured. If your friend was unlicensed or driving intoxicated, you could be held liable.
Contact Heydari Financial Group in Houston, TX to discuss a new quote for auto insurance. Our agents are ready to help you get started with a policy.
Commercial insurance is something that any business can benefit from. Smaller businesses can benefit from commercial policies but larger businesses are going to get more out of a policy. For those that live in the Houston, TX area, the agents with Heydari Financial Group can help you find the perfect policy for you.
For the most part, commercial policies are going to benefit larger businesses the most. This is because commercial policies tend to cover things like employees, inventory, and the building that the business is housed in. Larger businesses usually have more invested in their company as well.
For those smaller businesses that are run out of a home or smaller space, a commercial policy may not be as beneficial. Though it may not be as beneficial for a smaller business, this type of policy can still protect business owners should something happen to themselves, an employee, inventory, or even a customer.
If you own a business and are thinking about taking out a commercial policy, it is always helpful to consider a few different factors. The first things to acknowledge is, do you have employees, how much inventory do you keep at the primary location of the business, and what type of building do you have your business in. If you are working from home, your home insurance is going to cover any inventory that you have. If you have no employees, you may not need a commercial policy due to workers comp laws.
If you have a business of any size you can benefit from a commercial policy but you are certainly going to benefit more if you have a larger business that has much more to insure. If you live in the Houston, TX area, the agents with Heydari Financial Group can help you get started on a commercial insurance policy. Reach out to our offices for more information.
As a homeowner, you want your home to be well protected. At the same time, you want to save on home insurance costs. By making certain home improvements, you can benefit from both. Home upgrades that improve the security and function of your home could save you money on your premium. By talking to a Heydari Financial Group agent, you can see if the following upgrades qualify you for a discount on your home insurance.
Advanced Security System
Various factors affect the cost of your home insurance. Location is one of them. If you live in a high crime area in Houston, TX, you could pay more on your premium. By installing a security system, you reduce the risk of theft and vandalism, which could help lower your insurance rates. Be sure to inform your insurance agent of any changes you make to improve your home’s security whether it be installing deadbolts, sensors, security cameras, alarm system, or other upgrades.
The roof of your home will protect your home’s structure and interior from storm, wind, or hail damage. If you have an older home, upgrading your roof could increase your protection against the elements. Your new roof should be able to withstand adverse weather conditions in Houston to include high winds, rainstorms, hail, etc. Investing in a new roof could help reduce your insurance premium.
Smart Home Add-ons
Smart home gadgets that improve the efficiency and security of your home could also make you eligible for discounts on your home insurance. With smart technology, homeowners can activate an alarm system, lock doors, turn lights on and off, or get video surveillance of their property, even when they’re far from home. These extra security measures could qualify you for lower insurance costs.
To learn more about home insurance coverage and costs, contact Heydari Financial Group in Houston, TX.
It is required by Texas state law that Houston, TX residents purchase auto insurance that will cover a certain amount of their legal fees as well as the medical expenses and property damage costs incurred to the other driver and his or her passengers. The key to knowing what other insurances may be required by law is understanding the no-fault state definition and whether this applies to Texas.
What is a No-Fault State?
There are two types of states: tort and no-fault. Laws in no-fault states vary, but in general, it means that individuals can have their losses paid for by the other party without going through the court system. It isn’t necessary in no-fault states to determine who is at fault in order for someone to receive payments from an insurance company, and each insurance company typically pays out damages to their own client.
This system lessens the chances of being sued, though the very real possibility of being sued still exists, especially if a driver has caused an accident with particularly severe consequences. No-fault state residents are required to purchase Personal Injury Protection or PIP insurance that will cover expenses related to property and medical issues, and this is not a requirement in Texas, as Texas is a tort state. This means that PIP is an option but not a necessity and that fault must be determined in an accident, insurance companies must pay for the other drivers’ damages, and parties are more likely to sue one another.
Heydari Financial Group is Here to Serve You
At Heydari Financial Group, we offer a variety of insurance types, including auto, homeowners, condo, commercial, life, and flood. We take pride in serving the Houston, TX area, and we look forward to answering any questions you may have regarding auto insurance. Contact us by telephone, online, or stop into our office to discuss the insurance products that are right for you.
With the advent of the internet, e-commerce, and the ability for anyone to set up an e-business about anywhere, home-based businesses and home office operations are becoming commonplace. Whether they provide a second income or a primary personal revenue source, the ability for a person to create a new company with a computer, desk, and an internet connection gets easier and easier. However, that doesn’t automatically mean that one’s homeowners insurance is the automatic coverage for a new small or micro-business based out of a person’s house. According to the experts at Heydari Financial Group, that kind of thinking can set up a budding new business for a fatal mistake.
Houston, TX homes, and related homeowner insurance are intended for residential risks and living, not for running a business. By simply reading a few policies, and it becomes pretty clear the terms and coverage assume normal residential living in a private family home, not an office. So assuming that a basic homeowner’s policy is going to be more than enough for property, casualty, and operational risks can be a big mistake that will bite later on when coverage is needed. The number one way a small business can get nuked quickly is with an unfortunate litigation turn. It’s practically the number one business killer, driving most small businesses into bankruptcy almost immediately after the first filings have been made in court.
Because setting up an internet business can be so easy, most folks, even in Houston, TX, don’t think about the insurance ramifications of a home office. However, the insurance professionals at Heydari Financial Group are well aware of what are normal homeowner insurance coverage options and what is not. We can guide a Houston homeowner down the right path and to the right kind of policy, both for residential living and starting a new home office venture. Give us a call today to find out more!
If you own a home in Houston, TX, then you probably want to consider getting home insurance as a way to protect your investment. Even though a lot of people want to have home insurance, it is important to know whether or not you legally need to have home insurance for your home in Texas. This is what you need to know according to Heydari Financial Group.
Is it a Requirement in Texas?
By law, you are not required to have home insurance on your home in the state of Texas. Just because it is not a requirement does not mean that it should not be something that you have. You may also still be required to have home insurance if you have a mortgage. Your mortgage lender may require that you need to have a certain amount of coverage so they know that if something were to happen to the home, they would still be able to secure the money they provided for the loan. You will need to check with your mortgage lender to see what may be required of you before you write off getting a home insurance policy altogether. Additionally, think about if you did not have a home insurance policy and something happened to your home. You would be left with nothing which is why it is good to have this home insurance in place.
Even though it may not be a requirement for you, it is still a good idea to consider getting home insurance to protect your investment. If you are considering getting home insurance for your home or you want to make sure that you have the right amount of coverage, be sure to contact us here at Heydari Financial Group, serving Houston, TX, today.