3 Reasons Why You Should Have Homeowners Insurance

Owning a home is one of the most significant investments you can make in your life. So, there is need to protect it from unforeseen uncertainties with a comprehensive homeowners insurance from Noveri Insurance Agency in Houston, TX. When you buy a home for the first time, don’t wait until you suffer irreplaceable loses on your property before you consider acquiring home insurance.

Although most individuals know the importance of a home insurance policy, some don’t understand the specific areas that are covered. Here are the three main reasons why you should consider purchasing home insurance.

You Are Protected From Natural Disasters

Natural disasters such as fire, tornadoes, and hail are unpredictable and can happen at any time. You may end up suffering significant financial losses if such disasters strike and your home isn’t insured. This means you will have to start from scratch while rebuilding or repairing your damaged home. However, you may not need to worry if your home is insured since a standard home insurance policy protects you from such disasters. Floods and earthquakes are not typically covered under a standard home insurance policy.

Your Personal Property is Also Covered

It may be impossible to replace some of your expensive personal property if it is stolen or damaged. Apart from protecting the structure of your home, a standard home insurance policy also protects your personal property in Houston, TX or anywhere in the world. The policy covers personal property such as electronic equipment, furniture, clothes, and even silver and jewelry.

Offers Peace of Mind

Knowing that your home is protected allows you to concentrate on things that matter most in your life as you deal with day to day activities. Although nobody wants a disaster to strike, you will be at peace knowing that you’ll still have a place to call home even when the worst happens.

Talk to Noveri Insurance Agency today for a homeowners’ insurance policy. Our agents can help answer your questions and you can get a quote on home insurance by using our online rating tool. Reach out to our offices to get started.

What Types of Coverage Does Commercial Insurance Provide?

For many people in the Houston, TX area, owning a small local business is the American dream. While owning a business is a great goal to pursue, it does require you to take a lot of different factors into consideration. One factor that must be considered is your insurance needs. Small business owners should consider getting a full commercial insurance policy as it will provide a range of different types of insurance. 

Liability Coverage

One of the most important types of coverage provided by a commercial insurance policy is liability coverage. If you produce a product or service or have customers in your place of business, you are taking on a lot of potential liability in the event someone is injured either when using your product or when they are in your place of business. Liability coverage will provide you with coverage in the event you are sued and found liable due to an accident. 

Property Coverage

Property coverage is another part of a commercial insurance policy. This type of coverage will provide you with coverage in the event your property is damaged or vandalized. This is a necessity if you own the property and have a mortgage, or if carrying insurance is a requirement under your lease. 

Workers Compensation

If you plan on hiring any additional help, whether it is full-time, part-time, or contract employees, you will be required by law to carry a full workers compensation policy. Workers compensation will provide you and your employees with coverage in the event someone is injured while working on the job. 

If you are a business owner in the Houston, TX area, you should contact the Noveri Insurance Agency to learn more about commercial insurance. The Noveri Insurance Agency will be able to help you better understand your insurance needs and also find you the right policy for your business.

Why RV Insurance Is So Important

Thousands of people in Houston, TX have an RV of some description. The different models that are available make getting on the road simple, easy, and affordable.

You need to think about insurance for your RV. Your RV is an investment, and insurance is a guarantee that your investment can be replaced if you have an accident on the road. You also need to consider the stuff that you carry inside your RV. Your RV can be a theft target where you can lose thousands of dollars of belongings. Insurance can replace the items if they are stolen.

The State demands insurance

An RV is considered to be a vehicle like any other vehicle on the road in Texas. You have to have a minimum of liability for injury and property damage. There are differences in the insurance laws depending on if you only use your RV on weekends, for a few trips a year, or you make your RV a home.

Other insurance

You also need to consider coverage for personal property that can be lost in an accident. Comprehensive coverage covers the RV and property in the event of total loss, theft, or an act of nature. Towing insurance and repair insurance are good ideas for RVs that are older with higher chances of breaking down.

Insurance that covers you and your RV in Mexico and Canada is also available.

Contact us

Owning and using an RV is supposed to be fun but protecting your investment so you can continue to have fun can get complicated. Noveri Insurance Agency has been helping Texas RV owners protect their investment for 17 years. Noveri Insurance Agency in Houston, TX can work with you in obtaining the proper insurance to cover your RV fully. Reach out to our agents for more information.

Preventing Motorcycle Theft in Houston

A motorcycle has a number of advantages due to its size. It can get in and out of tight spaces, it’s easy to park, and it can make the driver feel as if they can go anywhere. Unfortunately, this is exactly how a thief may view a motorcycle too. Even if they can’t get it to start, they may be able to just pick it up with the help of a friend or two, and then take it wherever they like. If you’d like to avoid this in Houston, TX, follow these tips from Noveri Insurance Agency. 

Invest in Gadgetry 

There are a number of companies that make products to prevent motorcycle theft specifically. One of the most effective ones you can buy is a GPS tracking device. These are generally undetectable to the thief but allow you (and the police) to see exactly where your motorcycle is being taken. There’s also kill-switches available that cut off the motor of the bike so that even the person holding the keys won’t be able to go anywhere. 

Smarter Prevention Work 

Never leave your motorcycle in a dark, deserted place — even if you think that you’ll be back soon enough to forego any damage. Opportunity crimes tend to happen in the moment, so you really can’t leave it unattended. If you do have to leave it out of sight, choose a place that’s brightly lit with a lot of people. This can usually dissuade criminals from making their move. Finally, invest in better insurance for your motorcycle for the ultimate in protection. Unfortunately, there is no way prevent all theft in Houston, TX, but Noveri Insurance Agency can give you the help you need so you can recover from your loss as quickly as possible. 

Does boat insurance cover damages received while the boat is in dry dock?

Boat owners who live in the Houston, TX area can call the agents of Noveri Insurance Agency to learn more about what their boat insurance policy actually covers. Once a boat is put in dry dock or storage, many boat owners believe they are protected against damage. The answer may surprise you!

Who Covers Damages While Your Boat Is In Dry Dock?

In most cases, the marina where your boat is stored will assume at least a percentage, if not all of the responsibility for damages to your boat. Marinas have liability insurance that protects them from a financial loss just like you do. Most marinas will cover damage that is caused by a natural disaster, but not damages that are caused by another boat owner. The other person would be responsible, much like in a traffic accident. This will be fully explained in your contract.

Read Your Contract!

It’s important to read the contract you have with your marina. The contract will offer details as to what is covered under their policy while they are in possession of your boat. Some marinas may demand that you maintain your boat coverage while it’s in storage. Others may offer full protection at an additional cost.

In Houston, TX, the agents of Noveri Insurance Agency can help you determine if you have adequate insurance coverage for your boat at all times, including when it has been put in storage for any length of time. If you have questions about your policy and what it covers, call and schedule an policy evaluation today! The agents will answer your questions and make sure you have the coverage you need. 

Protect Yourself with Umbrella Insurance from Noveri Insurance Agency

You may have heard the term “umbrella insurance” before but may not be fully aware of how it protects you. The team at Noveri Insurance Agency, serving Houston, TX residents, will help you understand how this type of coverage works to protect you and your assets. 

Most people have some sort of insurance policy such as home, auto, or commercial insurance that provides coverage up to a certain dollar amount. Umbrella insurance provides additional liability coverage above these policies. For instance, if someone is injured on your property or you are liable for property damage, you may be sued. Your other policies will provide funds initially, but when those funds have been exhausted, the umbrella insurance will provide the additional coverage that you need. 

Let’s say that you are in a car accident where someone is injured. Unfortunately, you are deemed liable for causing the accident. The injured individual can sue you for causing the accident and seek to recoup medical expenses. Your automobile insurance will provide a certain amount to cover bodily injury liability. If the medical expenses are greater than the amount covered by that policy, your umbrella insurance policy may provide the additional costs. Umbrella insurance can also cover a number of situations not covered by other policies. If you are sued for slander, libel, or mental anguish, an umbrella policy may be able to protect you and your assets. 

The Noveri Insurance Agency professionals serving Houston, TX are ready to discuss your needs today. Visit our website to learn more. Then stop by and talk with our knowledgeable team. Protect yourself, your family, and your assets today!

 

Is Flood Insurance Always a Necessity?

If you have homeowner’s insurance in Houston, TX, then you are probably aware that flood coverage is not provided within the basic coverage plan. This is why it is so important to add on a flood insurance policy, especially if you live in areas that are prone to flooding. Let’s take a quick look at whether or not you should view flood insurance as a necessity from Noveri Insurance Agency. 

Flood insurance is a responsible choice to make if you live in a part of the country that is prone to flooding. You never know when even a small storm will blow through and leave a flood in its path of damage. If your house is in the line of fire, you may incur thousands of dollars worth of damage. With the right flood insurance policy, you can rest easy knowing that you have reliable coverage. 

Having a flood insurance policy is also a great way to protect your home from water damage that occurs as a result of your own doing. For example, the hose to your washer comes off and floods your house. Depending on your policy, you may be able to receive coverage and compensation for the flooding that takes place as a result of the washing machine hose coming loose. 

Many details within your flood insurance policy will explain what is and is not covered. This is why it is so important to speak with a qualified insurance agent to make sure you understand what your policy covers and if it provides the proper amount of coverage for your home. 

To learn more about flood insurance, contact the Noveri Insurance Agency serving Houston, TX and the surrounding areas. Our agents can work with you to protect your home.

Is Life Insurance Taxed?

Good news if you just signed a life policy through Noveri Insurance Agency in Houston, TX: Life insurance payouts typically are not taxed.

This means that when your loved ones collect on your policy, they don’t need to add problems with the IRS to concerns surrounding your estate and funeral arrangements.

Life insurance payouts are not counted as gross income, so the payout itself is not taxed. However, interest is. This means that if you go with a policy that invests the money and pays your loved ones the proceeds, they will have a chunk taken out by the government. On the upside, they’re still going to be collecting less than they would with a conventional policy, but you can’t skip tax season when the insurance payout comes with interest.

Likewise, anyone using that money to make more money, putting their payout into stocks, crypto currency, small business, or similar, is going to have to pay all the associated taxes that come with that. If they buy a home with it, they still need to pay property taxes. If they go shopping, they still need to pay sales tax. The initial sum is the only part that is not, and the government will collect its share on any transaction made or interest earned.

By ensuring that you have a qualified legal team to handle your estate, you may be able to connect your family with a tax attorney who can help them to get a fair shake from the IRS. The initial payout, no matter what Houston, TX insurer you sign with through Noveri Insurance Agency, will not be taxed.

Home Safety Tips While You Vacation This Summer – A Well Insured Home is a Safe Home

Like all Texans, we believe in doing it big at Noveri Insurance Agency in Houston, TX. Why would our vacations be any different? While you are away enjoying your well-deserved BIG vacation, there are a few things that you should bear in mind about the safety of your home.

  • Having a trusted friend or relative pick up your mail from your mailbox on a daily basis will keep up the appearance that you are still at home as usual. Even the postal person will not be aware that you are away.
  • Having a timer connected with your lighting system is a safe option. Having the lights come on at a certain time of night or having the television come on for a specified period every evening will give a would-be intruder the impression that the house is filled with people. Consider adding sensors to entrance ways and lower windows, if anyone comes too close to your home, a bright light may chase them away quickly. 
  • When determining how much your home insurance rate will be, most agencies consider the level of your home security system in the equation. Though no system guarantees your home will not be targeted, having an excellent security system in place will give you peace of mind and will a sense of security.

Come into the Noveri Insurance Agency office located conveniently in Houston, TX. There are many options that you can add to your Katy, Brookshire, or Houston home to make it safer and deter criminals from even looking at your home. We are here to help you feel comfortable while you are at home or when you are away. Talk with an agent to learn more about how a home insurance policy can protect your valuables in case of a break-in.

Frequently Asked Questions About Theft and Commercial Insurance

If you have commercial insurance or are looking into obtaining a policy, you may have many questions about how theft is applicable to your coverage. At Noveri Insurance Agency, serving the greater Houston, TX area, we would love to help answer any questions you have. Here are a few of the most frequently asked questions about theft and commercial insurance.

Does Commercial Insurance Cover Theft?

Commercial insurance does cover theft. This includes theft by employees, theft by a stranger in your store, or break-ins and robberies. All types of theft are covered under your commercial insurance policy.

Should I File a Claim for Theft?

If you were the victim of a theft, you may wonder if you should file an insurance claim if you have commercial insurance. Keeping in mind the amount of your deductible. For example, if an employee stole a few hundred dollars from a cash drawer, and your deductible is $1000, it makes no sense to file a claim. However, if your store was burglarized and the thieves made off with thousands of dollars in product, it makes sense to file a claim.

Do I Have to Report the Theft to the Police or Does the Insurance Company?

The insurance company does not work with the police department to report the crime or obtain evidence. You will need to file a police report with your local police department before filing an insurance claim. From there, you will need to cooperate with both the police department and the insurance department.

If you have any other questions about commercial insurance, or you are looking to obtain a quote on a new policy, give Noveri Insurance Agency, serving the greater Houston, TX area a call today. We can answer any questions you have and help you find the best policy for your needs.