RateGenius Insurance

9300 United Drive, Suite 180
Austin, TX 78758

Are There Ways to Lower Your Home Insurance Premiums?

Many people assume they’re stuck with their premiums. The truth is there are several ways to lower your home insurance premiums in Austin, TX if you’re willing to do the research and the work. A home insurance policy from Rate Genius Insurance is just the start. Here’s how you can reduce your premiums.

Review Your Coverage

If you look at your home insurance policy right now, you might find you’re paying for coverage you don’t need or coverage that doesn’t apply to you. For example, you may find you’re paying for structures on the property you no longer have.

You might have possessions listed that you sold or otherwise got rid of. Don’t lower coverage to your detriment, but always make sure you’re only paying for coverage you need.

Make Your Home Safer

Sometimes, you can lower your premium by adding safety features and making sure your home can withstand hazards. For example, you can add a stronger roof, wind shutters, a security system, and other safety measures.

The more protection your home has against the perils named on your insurance policy, the better chance you have to reduce your premiums. You can speak with your insurer to see what specific safety features they value.

Ask Your Insurer

Many insurers have deals, packages, and discounts they don’t always advertise. As the saying goes, it doesn’t hurt to ask. A professional agent will have no problem working with you to see if there’s some way they can help you save on your home insurance.

In addition, using the same insurer for all your insurance needs can often help you save money on all your insurance premiums, not just your home insurance. Homeowners in Austin, TX have many options available to them. If you want to save money on your insurance premiums, start by contacting Rate Genius Insurance.

How to Make Sure Employees Are Covered Under a Commercial Plan

Austin, TX, is the place to own a business right now. Every corner of the city is popping, and you very reasonably want to get as much out of it as you can. Whether you’re starting a new business or just trying to improve on the one you already run, the devil really is in the details. If you want to make sure that your commercial insurance policies are serving you well, you need to double check some things. Thankfully, you can get a jump start by learning a few, simple ways commercial insurance works.

Know the Types

Commercial insurance comes in many varieties. This process starts by learning about them. The two most common are liability and worker’s compensation. Texas laws change every year, but you can expect to be required to carry some measure of both. Additional commercial coverage can apply to property, business automobiles, umbrella policies, and group healthcare. Obviously, you don’t need business auto insurance if your employees don’t drive, so selecting the classes of insurance is the first place to start.

Check the Fine Print

The second part of this equation is why you want a dedicated Rate Genius Insurance agent. They can help you with the finer details of each policy. That starts by checking the most up-to-date versions of state requirements. Your agent can also help you identify exclusions that may exist for employees as well as crafting a checklist of required paperwork. When you apply enough diligence, getting insurance to cover your employees is a simple matter of routine.

This goes to show that owning a business in Austin, TX, is as complicated as anywhere. You want to devote your attention to satisfying customers/clients and beating the competition. If you aren’t prepared, you can divert that time to countless administrative obligations in no time. Feel free to lean on Rate Genius Insurance to keep you on track.

 

Can You Benefit from Life Insurance While You’re Alive?

Many people focus strictly on the death benefits of a life insurance policy. However, life insurance policies also come with living benefits as well. A life insurance policy from Genius Insurance can benefit you in numerous ways while you’re still alive. Here is a look at just some of the living benefits that can come with an Austin, TX life insurance policy.

Leverage the Cash Value of Your Policy

You can do many things strictly with the cash value of your life insurance policy. Typically, this applies to permanent life insurance. Your policy can accumulate cash value, which you can then use for various purposes.

  • Take out a loan – You can often take a loan out against the cash value of your policy for any reason.
  • Take money out – You can sometimes make withdrawals from the cash value of your policy.
  • Cancel the policy – Although not recommended, it’s sometimes possible to cancel or surrender policy to release the cash value to yourself.
  • Settle the policy – In some cases, it’s possible to sell your policy for cash.

Other possibilities for using the policy’s cash value also exist. When you leverage the cash value of your policy, you effectively turn it from a death benefit vehicle into an investment possibility and financial asset.

Use Your Living Benefits

The term “living benefits” often means what you can do with your life insurance policy while alive. However, the term is also a specifically named category of benefits you can add to a life insurance policy. Living benefits can come as standard with certain types of policies, or you can apply for them individually. Typically, these benefits consist of payouts for long-term care and chronic illness.

Life insurance in Austin, TX offers many other benefits you can use while you’re still alive, including retirement benefits and tax benefits. The benefits available to you will depend on your policy and options. To learn more about what you can do with your life insurance while still alive, contact Rate Genius Insurance today.

Does Commercial Insurance Cover Hail Damage?

If you own a business, it is up to you to purchase commercial insurance that will protect your company from future potential losses. A loss can happen for a variety of reasons. One of the most common is an act of nature such as storm damage in the form of hail. If you have commercial insurance, you may be wondering if your policy will protect your business in the event of damage from hail.

Hail Damage and Commercial Insurance

Fortunately, hail damage is covered by most commercial insurance policies. Before making a commercial insurance purchase, go over the terms and conditions carefully to help you understand how much coverage you are allowed and whether you need to purchase additional coverage to prevent financial impacts. A good insurance agent can work with you to discover gaps in coverage and solutions to cover any issues that can arise. 

Finding the Right Commercial Coverage

Commercial insurance is one of the best ways that you can protect your business from losses as a result of a covered event. Before selecting the type of insurance you need, consult with a knowledgeable insurance agent to discover your options and for advice on your personal needs. If you live in or near the Austin, TX area, Rate Genius Insurance can help you make that important decision and help prevent errors that can mean impacts on your business. 

Don’t guess when it comes to selecting commercial coverage. Know your needs and work with a skilled agent that is going to guide you in the right direction. Residents of Austin, TX can call or stop by Rate Genius Insurance and discuss their situation with a helpful agent. 

Features of Home Insurance

Home insurance is not something that you find yourself shopping for very often. Therefore, you need to make sure that you get it right every time you have the chance to do it. Perhaps you are looking to purchase coverage for your newly acquired home or you are looking to improve on the coverage you already have on your home. You need to make sure that the policy you are about to purchase has all the important features of home insurance.

What to Look for In A Policy

If you are not sure about what features to look for in a homeowners’ insurance policy, seek assistance from experts in your area. If you are in Austin TX, Rate Genius Insurance can provide all the assistance you need to get the right type of insurance for your home. There are two major features of home insurance based the coverage provided. These are:

  • Cover for Damages.
  • Cover for Liabilities.

These two features determine the level of coverage your policy provides. Cover for damages is one of the most important components of a homeowners’ insurance policy. It determines the amount of coverage the policy extends against a variety of damages. A standard homeowners’ insurance policy provides coverage for the structures in the compound, personal possessions in the property, and additional living expenses — also known as the loss of use cover.

The cover for liabilities feature is designed to protect the homeowner from any liabilities arising from damage to property or bodily injuries caused to a third party in the property. For instance, if a tree in your property falls on your neighbor’s fence and damages it, the liability section of your coverage pays for the damages caused by this event. Get a homeowners’ insurance policy from Rate Genius Insurance in Austin, TX, for coverage that contains all the important features of home insurance. Give us a call for more information about our homeowners’ insurance policies.

Three common misconceptions about life insurance

Life insurance is one of the most discussed covers in the market; nonetheless, with all its technicalities and regulations, the concept of life insurance can be tricky to figure out. Consequently, this opens up the door for a variety of misconceptions, we at Austin, TX, Rate Genius Insurance have dealt with a variety of misconceptions which this article sorts to clear. 

  • With money in savings, you don’t need life Insurance

It is commonly thought that savings can always take care of an individual’s loved ones after death, this is under the premise that the next of kin will be allowed to in a way to inherit the resources left behind by the diseased. Well, this is not the case because even with much savings, your family may be left with half of your savings after estate-tax payment, which can go as high as 45%. Our experts at Austin, TX, Rate Genius Insurance always advise our clients to take up Life insurance covers as, unlike savings, there is no complication in taxations and aids to guard your family against undesirable financial difficulty and stress.

  • I’m Single I don’t need coverage 

Most single individuals feel that they don’t need life insurance based on the notion that they have no dependents. Nonetheless, single people are recommended to have a life insurance as it aids in covering liabilities from personal debt in addition to funeral and hospital bills. When single individuals are uninsured, they stand a high risk of leaving behind a legacy of unpaid expenses that can be forced upon the next of kin; consequently, this causes extra burden in times of grief. A life insurance cover for a single person can be a good opportunity for an individual earning a low-income single to contribute to a favorite charity as well as other cause.

  • Stay-at-Home Parent Don’t Need Life Insurance

The services and value of a homemaker are significantly high; subsequently, a life insurance cover for a stay home parent is a necessity. While homemakers may not bring in a paycheck, the services done are priceless and can cost thousands of dollars to replace particularly when it comes to childcare.   

 

Does Home Insurance Cover the Cost of Medical Bills for Pets Injured in Home Accidents?

Home insurance covers a wide range of things and many that you may not know about. For those that have pets, they are often like a member of the family, and it is essential to make sure that they are safe and taken care of even in the event of an issue or a disaster in your home. For those in the Austin, TX area, the agents with Rate Genius Insurance can help you to find the perfect policy for your needs.

When it comes to taking care of pets that have been injured in an accident in your home, most home policies will help pay the cost of vet bills for your pets. This means if there is a fire and your pets need to go to the vet following the incident, your home policy will help pay for the cost of getting your pet well. It is important to remember that you must be able to prove that the pet was injured during the event.

You also want to make sure that you take the time to look over your individual policy and see what it covers. You can also take out extra coverage for your pets to specifically cover them and make sure that they are covered in any event that may transpire. Your pets cannot protect themselves, and it is essential that you take the time to cover your pets and make sure they are protected.

For those in the Austin, TX area, the agents with Rate Genius Insurance can help you to find the policy that is going to work best for your particular needs. Reach out to our agents to learn more about a home insurance policy and how it can protect your pets.

Commercial Insurance Coverage Options

Regardless of how keen you are when running your business, things can happen. Someone can slip and fall while on your premises, and you would be forced to pay the medical bills among other expenses out of pocket. Your company can also be sued for negligence and your business premises can face negative publicity.

Fortunately, commercial insurance can offer the protection you need as long as you get the right coverage. Such a coverage protects you from burdening lawsuits and accidents that may place your business operations in jeopardy. It helps protect both your financial and physical assets. At Rate Genius Insurance, we offer different commercial coverage options to Austin, TX businesses, and we can do this for your business too.

Types of commercial insurance coverages

  • Property insurance –this policy covers your company’s building and its contents. It pays for damages and losses that may occur due to risks like fire and theft.
  • Liability insurance –this insurance plan will offer protection against injuries you may cause to third parties. For instance, if a person sues you for property damage or personal injuries, the expenses for resolving the suit will be covered by this policy.
  • Malpractice insurance –also known as professional liability insurance, this plan will pay for losses that result from injuries to third parties when the professional services you offer fall below the set safety standards of your profession.
  • Automobile insurance –a commercial automobile policy is designed to cover the truck, cars, vans, and trailers you use in the business. This coverage will provide reimbursement when your vehicles are stolen or damaged, or if your driver damages property or injures a person.
  • Workers’ compensation insurance –This insurance plan offers protection for your workers while on the job. Each company is required by law to have this policy. 

Now that you know about the various types of commercial insurance, you need to pick a reliable insurer to protect your business. Rate Genius Insurance has been serving Austin, TX residents for several years, and we can offer the protection your company needs.

How Much Life Insurance Is Enough For The Average Family?

When it comes to protecting your family, one of the most important purchases you can make to safeguard their future is life insurance. Adequate life insurance will allow them to live comfortably for years without the burden of the loss of income. Loss of income without the protection offered by life insurance can mean serious problems for families.

Protecting Your Loved Ones

Life insurance is designed to give people the protection they need to deal with a traumatic loss and prevent hardship. If you are shopping for life insurance, you may have many questions about how to choose the right amount. Not having enough coverage can put your family in a tight spot, and too much can be expensive over time. Getting the right amount of coverage is key in offering protection without overpaying.

Finding The Right Products

Generally, it is recommended that the insured person gather the total of household bills as well as projected bills to create a total that can sustain the family for ten years after the loss of life. Some of the factors that go into gathering information and getting a satisfactory amount include utilities, mortgage, insurance, car payments, and even tuition. Ask your life insurance agent to help guide you through the process. Residents in and around the Austin, TX area know they can rely on Rate Genius Insurance.

If you are considering making a life insurance purchase, and live in or around the Austin, TX area, you should call or stop by Rate Genius Insurance and get more information about our excellent life insurance products.

 

How to Make a Home Insurance Claim

Since your home is probably the most expensive investment you have made, you want to make sure that if anything happens to it, it can be restored to its original state as fast as possible. Having home insurance with Rate Genius Insurance gives you peace of mind knowing that in case of any disaster, your home’s repair/replacement costs are covered. Homeowners in Austin, TX face several risks, including burglary, damages from natural causes, and man-made damages that could damage or destroy their homes thus forcing them to make a claim with their insurance providers.

Making a claim is not just a matter of calling your insurance provider; there’s much involved. Knowing what to do can make the process less stressful, and here’s how:

Inform your insurance company immediately

It’s advisable to file a claim as soon as possible to ensure repairs are done so you can get back to your daily routine in the shortest time possible. Furthermore, it prevents further damages. You will receive an adjuster who will assess the damage and estimate the cost of damages. Don’t shy away from asking questions.

Document all damages

Take photos or footage of the aftermath. This can be useful in moving the claims process faster or provide evidence in case of a dispute. Take an inventory of all damaged or lost property. Also, don’t throw away damaged property before the adjuster sees them.

Prevent further damage

After documentation, make the necessary repairs to protect your property and your health. Keep receipts for such repairs. However, avoid permanent repairs unless your insurance company instructs you to do so.

At Rate Genius Insurance, we provide affordable and reliable home insurance policies. Our knowledgeable agents will help you determine what coverage options are suitable for your Austin, TX home. For more information, contact us today.