Three Benefits of Getting Life Insurance in your 20s

Life insurance is important when you become older or have family members who depend on your income. However, when you’re only in your 20s, you may think you don’t need to have one. But that couldn’t be further from the truth. There are plenty of benefits to obtaining life insurance in your younger years. Our agents at EasTex Insurance, serving Tyler, TX, could show you these benefits.

Premiums are Inexpensive

If you’re a young adult with no preexisting conditions and in good health, your life insurance monthly premiums are usually cheaper. It could be a wise financial decision for a young adult to purchase one. Getting life insurance early could help you cover some large debts, such as student loans, even if you’re not planning on starting a family.

Cash Value can be Used.

When you purchase a whole life insurance policy, accumulating cash value can be used while you are alive. This compounds over time as dividends are created. You can also borrow against this money. It makes more sense to obtain whole life insurance when doing this.

Easy Chance of Coverage Approval

Getting life insurance in your 20s allows you to get approved more easily than if you were older. You’ll unlikely have health problems or other contributing factors preventing you from getting approved. According to LIMRA, an insurance industry research center, the number of people under 25 who have purchased life insurance has increased significantly in 2020. No matter how young you are, having life insurance gives you peace of mind.

Life insurance in your 20s gives you cheaper monthly premiums, accumulating cash value that can be used while you’re still alive, and an easier chance of coverage approval. If you want to find the right policy, contact our EasTex Insurance agents today.

What You Need To Know Before Buying Your First Homeowner’s Policy

Purchasing your first home is an exciting time in life. But there are a lot of different factors that need to be addressed during this time. One of the more important factors to consider is homeowner’s insurance. Here at EasTex Insurance, serving Tyler, TX, and the surrounding areas, we are committed to helping you make wise insurance choices. Keep reading to learn more about homeowner’s insurance. 

Do I Need Homeowner’s Insurance?

Pretty much everyone needs a homeowner’s insurance policy. If you have a mortgage on your home, the mortgage company will likely require that insurance is in place for the duration of the mortgage. Even if you do not have a mortgage in place, though, home insurance is the best way to protect the investment you have made into your home. 

How Much Will My Policy Cover?

Generally, a home insurance policy will cover the cost of replacing the home based on its value. However, in addition to that, the policy can also cover the value of the personal property that is housed on the property. This amount can vary from family to family. 

To determine exactly how much coverage you might need for your personal belongings, you will want to sit down with an insurance expert who can help you evaluate the value. 

Does Homeowner’s Insurance Cover Flooding?

Most homeowners’ policies will cover interior flooding. This is flooding that results from plumbing malfunctions or appliance malfunctions. Naturally occurring flooding is often not included. If you are concerned about naturally occurring flooding, you should talk to us about flood insurance. 

If you want to learn more about a home or flood insurance, please get in touch with us at EasTex Insurance serving Tyler, TX, and the surrounding areas. 

Fast Facts about Texas Classic Cars

Everything’s bigger in Texas — and when it comes to classic cars, that includes the motor, details, and a vast appreciation for these great vehicles. And while Texas may love its classic cars, losing one of these great autos can be devastating. Don’t risk it; find the right insurance plan with EasTex Insurance serving Tyler, TX. Based on definitions from the state of Texas, here are some things you need to know.

Street Rods

In a slightly confusing description, street rods are cars manufactured before 1949. Alternatively, a car manufactured after 1948 that also "looks like a vehicle manufactured before 1949" can fall under this classification.

Custom Vehicle

Custom vehicles are typically those at least 25 years old but not older than 1949. If a car is built outside of these specs, it must look like a typical model older than 25 years but younger than 1948.

Classic Vehicles

A "Classic" car typically refers to any of the above vehicles over 25 years old. These vehicles must pass a safety inspection from the Texas Department of Motor Vehicles (TXDMV).

Antique Vehicles

Antique vehicles may fall in the same age frame as any of the terms above but are exempt from safety inspections. To verify if your specific vehicle meets the requirements, check with the TXDMV. 

Your vehicle type also indicates your different types of insurance needs. For example, you probably won’t be taking a road trip with your antique vehicle, so liability concerns may not match those of your cruise-worthy Shelby Mustang. Instead, you might maximize theft or damage coverage.

EasTex Insurance, serving Tyler, TX, knows classic cars and your needed coverage. 

Why Buy Classic Car Insurance?

What kind of insurance is best to buy for an older car? Most agents would answer this question with classic car insurance. This type of insurance financially covers your collectible vehicle in the event of property damage, theft, or collision loss. While a classic car might bring you more personal happiness with its nostalgic value, it will still be more prone to on-road breakdowns, collisions, or thefts. At EasTex Insurance, we’re discussing your options for this form of auto insurance.

How is Classic Auto Insurance Different?

Auto insurance is a broad field encompassing different types of auto insurance, including liability for personal injuries from an accident. Situations like roadside assistance might also be covered under auto insurance. One specialized field is classic car insurance, which focuses on the specific needs of the car owner. This could include preventing depreciation by insuring the car’s value, otherwise known as recoverable depreciation. This plan might also cover expensive maintenance fees common for classic vehicles. These additional policies will make all the difference in a comprehensive insurance plan. 

Classic auto insurance will depend on several factors, including the model, the age, and the car’s condition. Before signing up for an insurance plan with an agent, be sure to look into all the policy clauses that would apply to your situation. 

Purchase Classic Car Insurance in Tyler, TX

Ready for an auto insurance plan that covers your collectible vehicle needs? Then it’s time to contact the Eas Tex Insurance Agency in Tyler, TX. You can call our staff at 903-581-8888 to schedule an appointment with our team. From there, we’ll discuss your options. 

What You Need to Know to Stay Safe on the Roads in Northeast Texas

The roads in Northeast Texas can be dangerous and intimidating. Whether you are a new or experienced driver, there are always some important safety measures to consider. Here is an overview from EasTex Insurance of what you need to know to stay safe on the roads in the Tyler, TX region.

Observing Road Laws

Driving safely on the roads of Northeast Texas requires a good knowledge of traffic laws and regulations. Also, watch out for deer. In Texas, drivers must observe speed limits, keep right, never cut off trucks, and move over or slow down for emergency vehicles and flashing lights. Drivers should also give themselves time to rest and take breaks regularly.

Most Dangerous Roads

Drivers in and around Dallas need to be aware of the most dangerous roads in the city. Interstate 20 and Interstate 35 East and West have been ranked among the deadliest highways in the country. Similarly, Interstate 45, which connects Dallas with Houston, has had its fair share of fatal car accidents.

Use Safety Measures

Drivers should follow certain safety rules to stay safe during a car ride. They should always wear their seatbelts, observe speed limits, keep a safe distance from vehicles, and never use mobile phones while driving. It is also essential to remain alert and patient on the roads and to avoid engaging in road rage.

Bad Weather Caution

Finally, winter driving poses additional challenges, so drivers should be careful while driving in adverse weather conditions. Some necessary precautions that should be taken include avoiding hard braking and acceleration, leaving extra space between vehicles, and increasing one’s following distance.

EasTex Insurance is the perfect choice for auto insurance. We offer competitive rates and excellent customer service so you can be sure you’re getting the coverage you need. If you’re looking for auto insurance in Tyler, TX, come to EasTex Insurance and let us help you today!

Should I always get an umbrella insurance plan in Texas?

Liability risk is something that all people in the Tyler, TX area should take seriously and protect against as well as they can. One way anyone can offset and protect this risk is by getting an umbrella insurance plan, which offers broad support for policyholders. There are various reasons that you should always have this type of coverage in place when you live here. 

Receive Support for Large Claims

Most people in this area of Texas will have some liability coverage through home and auto insurance plans. However, these policies have limits, and major claims that come with bad accidents may not be covered all the way. In these situations, umbrella coverage is quite helpful as it offers additional support for your existing policies. 

Protect Against Unforeseen Situations

Another critical reason to have an umbrella insurance plan is to ensure you can protect yourself against unforeseen situations and risks. While some liability risks can be mitigated with home, auto, or other forms of insurance, others are harder to predict. When you want to improve your total personal liability risk mitigation efforts, umbrella insurance is an excellent way to do it. This broad coverage can offer blanket coverage against many more potential risks. 

An umbrella insurance plan is important for anyone in the Tyler, TX area. If you are shopping for any insurance here, it would be helpful to call the team with EasTex Insurance. There are always a lot of important choices to make when you are looking for this coverage, and EasTex Insurance will help you evaluate your insurance options and build a plan that will meet your needs and reduce your liability risks. 

What to Do if You’re in a Texas Car Accident

No one ever wants to be in a car accident. But unfortunately, accidents happen. If you’re involved in a car accident in Tyler, TX, there are four steps you need to take to ensure everyone’s safety and to protect your interests.

1. Check for Injuries

The first thing you need to do after a car accident is to check for injuries. This includes checking on the occupants of your vehicle and any pedestrians who may have been involved in the accident. If anyone is injured, call 911 immediately and wait for medical assistance to arrive.

2. Move to a Safe Location

Once you’ve ensured that everyone is safe and accounted for, the next step is to move your vehicle (if possible) to a safe location off the road. This will help prevent further accidents and make it easier for emergency vehicles to get through if needed.

3. Call the Police

Even if there aren’t any injuries, you should still call the police and file a report. The police will investigate the accident and create an official record of what happened. This can be helpful later on if there are any disputes about who was at fault for the accident.

4. Contact Your Insurance Agent

After you’ve taken care of everything else, the last step is to contact your insurance agent. Your EasTex Insurance agent will help you file a claim and work with you to ensure you have the coverage you need to repair or replace your vehicle.

These four steps after a car accident will help ensure everyone’s safety and protect your interests. And don’t forget, it’s always a good idea to contact your EasTex Insurance agent after an accident to ensure you have the most protection for your vehicle. We’re here to help!

When is the best time to buy life insurance?

If the truth be told, there isn’t a bad time to buy life insurance. But, some times are more obviously good than others. At EasTex Insurance in Tyler, TX, we will review your life insurance coverage and help you to determine if you have the right coverage for your needs. As independent insurance agents, we can offer more choices and better value. 

When you change jobs

Chances are, you get life insurance as a part of your benefits package at work. While that is a great perk, it is not necessarily adequate for your life insurance needs. When you change your job, you need to determine if you will be able to take your life insurance with you to your new job. Even if you can, it may not be the best value for your money. It is the perfect opportunity to look at what you have and determine if it is enough. 

When you get married

When you get married, you will probably be contacting your insurance carrier to make a change in beneficiary on your life insurance. This is the perfect time to discuss whether your coverage meets your current needs. If you have purchased a home, this does change your needs considerably. 

When you have children

Children change everything. They are a long-term commitment and require a much larger amount of life insurance to make sure that they are taken care of if you are no longer there to provide for them. Determining how much the correct amount is can be difficult. It would be best if you considered your income, the age of the children, and how many years that support must last. This is different for each person. 

Contact EasTex Insurance in Tyler, TX to get your life insurance reviewed and answer any questions you may have. 

Reasons why you may need more liability insurance on your home

Liability insurance is the coverage that protects your future. It protects you from legal action that may be taken against you for an injury at your home or done by a member of your family, even a man’s best friend. At EasTex Insurance in Tyler, TX, we have been bringing our insurance expertise to the residents of Eastern Texas for more than 40 years. As independent insurance agents, we can bring more choices and personalized service to our customers. 

You have a dog

Dogs may be man’s best friend, but they are also a liability. Some dogs are so dangerous that your home insurance won’t cover them. If your dog bites someone or decides to dig up their prize roses, you may need to have extra liability coverage to pay for the damages. 

You have a trampoline.

Trampolines are very popular and can entertain kids for hours. They can also result in serious injuries. Ensure you have all the safety features in place and keep a close eye on the kids when they have friends to use it. 

You have a swimming pool.

Swimming pools are a great addition to your home, but they bring considerable risk. Make sure that you are following all the fencing requirements in your community. You are liable for any injuries, even if the person injured is trespassing on your property. 

You entertain a lot

The more people you have at your home, the more vulnerable you are to being sued. Ensure you maintain your exterior decks and have handrails to discourage falls. Nobody likes to think their friends or neighbors will sue them, but unfortunately, they will. 

Contact EasTex Insurance in Tyler, TX to discuss your home insurance liability needs and answer any questions you may have. 

How To Choose the Right Classic Car Insurance Policy

If you’re like most people, you dream of owning a classic car. There’s just something about those beautiful machines from a bygone era that captures the imagination and stirs the soul. And when you finally take possession of your dream car, you want to ensure it’s adequately insured. But what kind of insurance is right for a classic car? That’s why it’s important to work with an experienced insurance agent who understands the unique needs of classic car owners. The agents at EasTex Insurance in Tyler, TX are experts in this field and will highlight a few key points to consider when choosing a policy.

Value of Your Classic Car

It’s important to have an accurate appraisal of your vehicle’s worth to ensure you’re carrying enough coverage. The value of a classic car can fluctuate, and you don’t want to be caught underinsured.

Coverage for Spare Parts

Your classic car is more than just a vehicle; it’s a work of art. And like any fine art, it requires special care and attention. That’s why you must ensure your policy covers spare parts if something needs to be repaired or replaced.

Agreed Value vs. Stated Value

There’s a big difference between an agreed value policy and a stated value policy. An agreed value policy means that in the event of a total loss, you will receive the full amount of coverage regardless of the actual cash value of your vehicle at the time of the loss. A stated value policy means you will receive a payout based on the current market value of your car. Make sure you understand the difference before choosing a policy.

EasTex Insurance in Tyler, TX has been helping classic car owners find the right insurance for their needs for years. We know what it takes to insure a classic car properly and can help you find the right policy. Give us a call today to learn more.