What You Need to Know About Classic Car Insurance

If you are a classic car enthusiast, you want to be able to protect the investment you have made in your vehicles. It is important to know that a classic car needs special auto insurance. At EasTex Insurance, serving Tyler, TX, and the surrounding areas, we can help you better understand the insurance products available. Keep reading to learn more. 

Is Regular Auto Insurance Good Enough?

You can carry a standard auto insurance policy on your classic car, but you should understand that this type of policy will not provide the appropriate coverage. A classic car is not valued the same way a regular vehicle is. When you purchase a typical auto policy, the vehicle will be valued based on narrow criteria. This means that the amount of coverage offered by the policy will not include the vehicle’s true value. 

How Does Classic Car Insurance Work?

Your vehicle will be valued individually when you get a classic car policy. This means that a standard value formula will not be used. Your car will be valued based on the specific investment that has been made into the car. The insurance agent will also consider how much the car is worth to collectors. 

How Much Coverage Do I Need?

To properly understand how much coverage you will need, you will want to sit down with an insurance agent trained in classic car valuations. This professional will be able to evaluate your particular car and give you a solid value for coverage. 

If you would like to learn more about classic car insurance or any of our other services, don’t hesitate to contact us at EasTex Insurance, serving Tyler, TX, and the surrounding areas. 

Auto Insurance Tips for Parents of Teen Drivers

From the day they’re born, you work hard to keep them safe. But as they embark on the new adventure of being licensed drivers, there are a few new steps you’ll have to take. Which is why our EasTex Insurance team has put together this list of tips for Tyler, TX parents of teen drivers.

Tip #1: Remember That You’re Their Greatest Influence

In case you haven’t noticed, your kids watch every move you make. That means you should always strive to model good driving behavior while they’re in the car. This means following posted speed limits, minimizing distractions like cell phone use, and always wearing your seatbelt.

Tip #2: Start Them Slowly

In addition, make sure to start them slowly. Just because your teen has turned sixteen doesn’t mean they’re totally ready to drive alone. Instead, work to build good driving over time until you feel confident they have the skills to handle a variety of scenarios on the road.

Tip #3: Make Your Expectations Clear

As a parent, it is your job to make your expectations clear from the very beginning in regards to your teen’s driving. Set ground rules with any possible consequences for things like speeding, texting while driving, or whatever else makes sense for your family. To keep everyone on the same page, you can use special software with your child’s smartphone or even some newer vehicle features to track their driving.

Tip #4: Take a Deep Breath

Hey, we get it. Not everything about sending your teen out on the road is comforting. Instead, remember to take a deep breath and know that you’ve done as much as you could to prepare them for this big step in life.

Ready to see how we can help? Please contact our Tyler, TX insurance team at EasTex Insurance today to schedule an appointment.

Questions to ask when purchasing umbrella insurance

Whether it’s your first time or your fifth time buying insurance in Tyler, TX, there will always be that one question whose answer you can’t find. The questions can triple, especially if you‘re looking to buy umbrella insurance for the first time. At EasTex Insurance, we recommend researching policy details and checking different insurance companies to determine which one is right for you. In this article, we will respond to some of the most commonly asked questions.

How much umbrella insurance do I need?

The amount of umbrella insurance to buy heavily depends on your needs. You can start by estimating the value of your assets, including your home, savings, cars, and investments. Check the limits of the existing liability coverage. If the value of your assets exceeds the current liability coverage limits, you should consider topping up with umbrella insurance.

Do renters need umbrella insurance?

Yes. People who live in rented spaces can also benefit from umbrella insurance. If you often have visitors in your Tyler, TX home, your renter’s insurance may not always be adequate to cover for injuries that your guests may sustain while at your house. Umbrella insurance can help pay the rest.

Does umbrella insurance cover my business?

Yes. If you are looking to add an extra layer of protection to your business, you can buy commercial umbrella insurance. Note that you need general liability, professional liability, commercial auto liability coverage, and other policies to act as the primary policies when buying umbrella insurance.

Can I be sued beyond the limits of my umbrella insurance?

Unfortunately, yes. That’s why it’s prudent to reach the maximum limit in your umbrella insurance policy.  If your umbrella policy has a limit of $1.5 million, a court can award damages in excess of that amount. Luckily, many insurance providers offer limits as high as $5 million.

For more information about umbrella insurance, contact EasTex Insurance today!

Protect your business with umbrella insurance

Business owners in the greater Tyler, TX area can rely on EasTex Insurance for all of their commercial insurance needs. If you have found that your coverage levels have outgrown your primary policy, it may be time to take a look at umbrella insurance. Building a business takes a lot of hard work, and it makes sense to protect your time and effort!

Main benefits of umbrella insurance

Typically, commercial insurance policies have coverage limits and once they are exhausted, the policyholder can become responsible for any excess loss due to a covered event. When you have a commercial umbrella policy in place, that coverage will kick in when the primary policy is exhausted.

This type of coverage is well-suited for businesses that operate in highly litigious areas, such as those susceptible to slip and fall suits, or who carry a lot of inventory or equipment. This additional coverage can make a difference between having the coverage you need or having to have your business absorb the costs. 

However, the main benefit of an umbrella insurance policy is the complete protection that it provides. You can rest easy knowing that your hard work is protected, even if you exceed your primary policy limits. Today is a great time to discuss your complete insurance needs with your local agent.

Learn more about umbrella insurance today

The EasTex Insurance team is here to answer all of your questions pertaining to umbrella insurance and the protection it provides businesses. If you’d like to learn more about how this type of policy can help protect your Tyler, TX area business call or stop by today!

What Tyler, TX parents need to know about auto insurance for teens

When your kids start to drive, it can bring up a wide range of emotions. You may be proud of their higher level of independence, but at the same time, you may worry more about their safety. EasTex Insurance understands these concerns that many Tyler, TX parents experience and are here to help. Knowing that your teenager and your family have appropriate auto insurance coverage can help you lessen your anxiety and give you a greater feeling of security. 

ABCs of teens and auto insurance

Securing the appropriate coverage for your teen requires the consideration of a number of factors. For instance, because of their inexperience, teens can often have more scrapes and dents than more seasoned drivers. Parents may also wish to consider a robust level of roadside assistance coverage. Additionally, if the car is going to be in a higher need of repair, rental car coverage can help to minimize the impact on your family’s transportation. 

In some instances, it can make more sense for a teenaged driver to have their own policy. This is just one example of the many ways that insurance coverage needs can differ from family to family.

Let us help you find the appropriate auto policy for your family

EasTex Insurance is here to partner with Tyler, TX area parents and help your family obtain the auto policy that is appropriate. We are here to serve your needs and look forward to working with you! Call or stop by today and learn more about the auto insurance policy options that are available to you and your family. 

Parents Need Life Insurance

Raising a child can be a costly endeavor, and it is not one you want to take risks with. Life insurance can help you avoid a lot of the financial risks involved with raising a family. EasTex Insurance, which serves Tyler, TX, understands that you have a lot of fears surrounding your children and their financial future. Here’s why you should consider life insurance as a solution.

Working & Stay-at-Home Parents Should Have Life Insurance

Life insurance is a smart option for both parents to have, whether they both work or one stays at home with the children.

Parents who provide financial support should consider insurance to avoid allowing their children to miss out on financial support. If you pay rent or the mortgage, you should consider how your family would get by if you were to pass away suddenly.

Parents who stay-at-home should also get life insurance policies. This provides financial support that can be used to cover the costs associated with daycare and babysitting.

Your Life Insurance Policy Considers Many Factors

As a parent, you need to factor in a variety of issues and expenses as you consider how much insurance you need to buy. When you buy a life insurance policy, you should consider your financial contribution to your children, the costs of education for your children in the future, and the costs of childcare should you pass away.

Check Out Your Life Insurance Options

Parents have a lot to think about when they consider the future. You have many options for life insurance. EasTex Insurance can help families in Tyler, TX determine what kind of life insurance is right for them.

Things that home insurance doesn’t cover

Home insurance is the safety net you purchase to protect your home. It offers lots of different protection from a variety of hazards. You may feel like you have all the bases covered, but unfortunately, like most other types of insurance, home insurance has exclusions. Knowing what they are can help you to make whatever other plans you need to make. At EasTex Insurance in Tyler, TX, we are independent insurance agents and we represent you, our customers. With more than 40 years in business, we have the experience you need and expect. 

Owner negligence

You may think that your home is your castle and the upkeep of your castle is your personal business. You are wrong. Your home insurance expects you to take care of your home and if you don’t, the insurance will not pay for any resulting damage. If you need a new roof but hold off on replacing it and get damage as a result, you won’t be covered. If termites do devastating damage to your home, you won’t be covered. You should have a termite bond. 

Floods

Floods cause millions of dollars of damage every year and your home insurance won’t pay. If a pipe bursts in your home and floods it, that is covered, but if you are inundated by surface water, you will only be covered if you have designated flood insurance. 

Earth movement

Earth movements include earthquakes, mudslides, and sinkholes. While these all cause a lot of damage, they are not covered under a standard home insurance policy. You can add an endorsement to cover them, however, or buy a totally separate policy. 

Limited coverage

Some specific areas have limits built into the policy. One of these is jewelry. Check the limits on your policy and expand it with an endorsement if necessary. 

When you have home insurance needs, contact EasTex Insurance in Tyler, TX.

Why You need classic car insurance

If you own a classic car like 1970 Chevrolet Corvette or 1957 Ford Thunderbird, you may need classic car insurance from EasTex Insurance of Tyler, TX. Yes, it may not be your daily drive, but you still need car insurance. 

Then you may ask: Isn’t conventional car insurance sufficient? Traditional auto insurance is inadequate since classic cars appreciate while typical cars depreciate from the moment you drive off the lot. 

But why do I need classic car insurance, yet I rarely use it? Here are the answers.

Liability protection

The few days you are using your car, you can cause an accident that causes bodily injury or property damage to others. Thankfully, classic car insurance protects you against these liabilities even when you are sued.

 It protects your asset

Of course, you have bought or held on to your car for many years because you value it. As such, it makes sense to insure it against perils like theft, fire, hail, falling objects, and so on. 

But what value do I get compensation for when my car is totaled? Because your classic car appreciates instead of depreciating, you need to be aware of the below values:

  • Agreed value: It’s an advance payout amount you agree with your insurer. This predetermined value is what your insurance will pay when your car needs replacement.
  • Stated value: It’s the amount you will inform your insurer (with support of documentation, of course) that your car is worth. This will be the insured value of your car.

It’s required

Just like your typical car, Texas requires you to carry classic car insurance as long as you drive on public roads. Failure to show proof of auto insurance may subject you to numerous fines and penalties. Is it worth the risk, yet you can purchase affordable coverage from EasTex Insurance?

Buy home insurance today!

Do you own a classic vehicle in Tyler, TX? Don’t hesitate to get in touch with EasTex Insurance to purchase affordable classic car insurance.

Umbrella Insurance: The Insurance that Covers Life’s Rainy Day Surprises

Just like an umbrella protects you from the rain, umbrella insurance protects you from life’s rainy day surprises. In Tyler, TX the place to go to learn about umbrella insurance is your friends at EasTex Insurance.  With decades of experience to their name, there is not a lot they have not seen happen in the lives of their clients. That’s why their clients are happy they purchased umbrella insurance for those unexpected times. 

What it Covers

Umbrella insurance covers the gaps in other insurance policies. It is mostly meant for covering your physical assets such as homes, cars, boats, and other properties as well as monetary properties such as gold, silver, bitcoin, and other hard assets.

Is it Required?

No. Umbrella insurance is not required insurance in the state of Texas. It is just optional insurance that can help you fill the deficiencies of your overall asset protection by covering what the others don’t and adding to your total coverage amount. 

Depending upon how much gap insurance you need, your friendly agent at EasTex Insurance can help you decide how much asset protection you are lacking. By taking a look at other policies you may have in place, they can estimate how much you lack to cover other unexpected losses from fire, theft, acts of nature, and more.

Let’s face it: Life is unpredictable. The time to buy insurance is before you suffer a loss. That’s where your insurance experts can help. Knowing what you need to protect and how much you have in your budget to spend can help them help you make the best decisions.

In Tyler, TX your insurance pros can be found at EasTex Insurance. Umbrella insurance is there when you need it, to cover life’s rainy day surprises so that your tomorrows will bring sunshine. 

Should I get an auto insurance plan in Texas?

People that are in the Tyler, TX area will always want to have access to a vehicle as it will make it a lot easier for you to get around the community. As you are looking for a new vehicle in this area of the state, picking an insurance plan is equally important. There are a few reasons that you should get an auto insurance plan here.

Texas Requires Liability Coverage

A reason that you should have an auto insurance plan when in this state is because it is a state law requirement. Those that want to drive a car in Texas need to abide by state laws surrounding liability insurance. If you do not have the coverage in place, you could face various penalties. This includes having to pay fines or even losing your right to drive for a period of time. 

Lender Requirements

Drivers also need to consider their lender’s insurance requirements. If you are going to take out a loan when buying a car, it is important that you understand your insurance needs. Most auto loan providers will want to know their collateral is covered and will require you to get a collision and comprehensive plan. This will ensure you are protected against many scenarios that could result in a loss. 

Picking an auto insurance plan in the Tyler, TX area is a big decision and comes with many choices that need to be made. As you are evaluating your options, calling EasTex Insurance would be beneficial. Those that are going to speak with EasTex Insurance will receive the support that is needed to fully evaluate their options and choose a new plan. This will ensure you and your vehicle are properly covered and in compliance with all requirements.