3 Reasons You Should Review Your Auto Insurance Annually

It’s important to be safe when you’re in Houston, TX. Auto insurance is a must if you plan on driving around. Your auto insurance has to be reviewed annually to keep you safe. There are quite a few reasons to do so.

At the Heydari Financial Group, we’re able to help you review your auto insurance policy. We’ll be able to get quotes from multiple insurance companies, allowing you to see what each will charge. It can make it easier for you to confidently choose a policy knowing that you’re getting the best possible deal.

It’s also a good idea to review your policy for coverage levels. For example, if you have had an accident in the past, you might want to add more coverage to avoid an out-of-pocket expense. You may even want to reduce the deductible for the same reason. If you’re not sure about the coverage levels and what kind of coverage you should have, ask an agent. We’re here to answer questions that you might have to ensure that you’re covered against any kind of situation that you might run into.

Finally, you want to make sure to review your auto insurance to find out if you qualify for any new discounts. You may have bought a home, allowing you to get a homeowner discount. You may have taken a safe driving course, qualifying you for money off of your premiums. Various discounts can add up quickly, giving you a more affordable monthly premium.

It doesn’t take long for you to review policy. Plus, it can be the best thing for you.

When it’s coming time for you to review your auto insurance, be sure to contact us at Heydari Financial Group. One of our insurance agents can help you to find the right policy to keep you safe on the roads in Houston, TX.

 

What Are The Types Of Homeowners Insurance Policies?

The agents of the Heydari Financial Group in Houston, TX specialize in homeowner insurance. You will be guided to purchase a policy that will meet your needs. Homeowners insurance is essential.  A  homeowners policy will save you money and enhance your awareness to protect your home.  Homeowners insurance is not required by law, but a mortgage company will need a mortgage to protect its financial interest in the home. 

Homeowners policies have been standardized by the Insurance Office, Inc. and the American Association of Insurance Services. These organizations developed eight homeowners policies referred to as HO-1 through HO-8.

A.  HO-1 is an owner-occupied standalone home that covers ten perils such as Fire or lightning, Hail or windstorms, Explosions, Riots or civil commotion, Damage from aircraft, Damage from vehicles, Smoke, Malicious mischief or vandalism, Theft, and Volcanic Eruptions.

B.  HO-2 Is a “basic form” homeowners insurance policy providing coverage on a “named peril” basis that is specifically listed in the policy. 

C. HO-3 – Is a “broad form” homeowners insurance policy covering the structure of a home against all losses except expressly excluded losses on an “open-peril” basis. “  while personal property is covered on a “named peril” basis. 

D.  HO-4 – Is a renters insurance policy which covers renters liability and personal property.

E,  HO-5 – Is a “comprehensive form” policy covering the home and personal property on an “open-peril” basis. This comprehensive coverage is not a typical homeowners policy like an HO-2 or HO-3 policy.

F.  HO-6 –  Is a condo insurance policy covering personal property and the structure of the condo from the wall studs in.

G.  HO-7 — Is insurance coverage is for a mobile or manufactured home form similar to an HO-3. 

H.  HO-8 — Is coverage for an older home similar to an HO-3.

The agents of the Heydari Financial Group in Houston, TX will advise you of the proper homeowner’s insurance form. Please call for an appointment!

Should I get full coverage even though my car isn’t brand new?

It can be hard to get everywhere you want without driving if you live in Houston, TX. The easiest and most economical way to meet the insurance requirements in Texas is to purchase a liability policy. At Heydari Financial Group, we can help you find a low rate on a standard auto insurance policy.

 You may not realize that full coverage can be surprisingly affordable, and provides many advantages over a policy that only protects you up to the minimum limits.

What your regular policy covers

You need to have at least this much coverage to prove financial responsibility in Texas:

  • $30,000 for each injured person, to cover everything from medical bills to attorney fees, with a $60,000 maximum limit for each accident no matter how many people were involved
  • $25,000 for property damage, no matter how much damage there was.

This is liability only, so it doesn’t protect your vehicle in an accident.

What you can get with full coverage

The maximum amount your insurance company will pay out depends on the limits you agree on ahead of time. The first thing you might want to ask about is how to increase your coverage, in case you are in an accident where the damages exceed those low amounts.

Here are some other options you can get with full coverage:

  • Collision coverage, to help repair or replace your vehicle in case of an auto accident
  • Comprehensive coverage, to protect your vehicle in case of theft or vandalism
  • Rental reimbursement, in case your car is out of commission after an accident
  • Uninsured and underinsured motorist coverage, in case you are in an accident with someone who doesn’t have the proper insurance

If you are in Houston, TX, we can help you find the protection you’re more comfortable with. Call Heydari Financial Group today for a free quote.

How much commercial insurance do you need?

Commercial insurance is definitely a commodity that you cannot go without in the business world. It only takes one customer to fall inside of your store or experience an allergic reaction after using your product for your dreams of entrepreneurship to be on the line.

You know that you need to have an indemnity plan that covers your business. How much do you need, though? Contact an agent at Heydari Financial Group to get the details regarding your situation. Read on to get an overview of commercial insurance in Houston, TX!

What is commercial insurance?

A commercial assurance plan covers your expenses in the instance of an accident, natural disaster, or theft of your business. You, of course, must choose a policy that covers all three of these instances of tragedy. The purpose of commercial insurance, however, remains the same regardless of the type of plan you select. A commercial indemnity plan is designed to provide financial backing when your business experiences the unexpected and you lack the means to pay for damages.

How much coverage do you need?

The average small business owner may be able to get away with buying assurance that totals up to $1 million in coverage. Such is especially the case if you are an entrepreneur with a home business in Houston, TX. You definitely need to invest in an assurance policy. The premium amount that you choose, however, can sometimes be the bare minimum.

Those business owners with medium to large companies may need to pay more in premiums. Such is especially the case if a portion of your company is reliant on vehicles to transport services.

Contact a professional!

You should not think of navigating the world of commercial insurance on your own. Contact a professional at Heydari Financial Group instead!

Does Home Insurance Cover My Personal Belongings?

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.

Personal Belongings

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.

 

 

Is your Property Covered with Auto Policies?

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.

Does Commercial Insurance Cover Weather Damage?

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.

Protecting Your Home’s Roof With Insurance

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.

My Friend Was Driving When The Accident Happened. Will My Auto Insurance Cover the Claim?

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.

Is Commercial Insurance Beneficial to Small Businesses?

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.