3 Reasons to Get Flood Insurance Today

Part of owning a home is protecting your investment. A flood can cause massive damage to your property and even if you reside outside of a flood zone in Austin, TX, getting insurance from Austinite Insurance Agency LLC is a smart move for these three reasons. 

Protecting Your Home

Even if you live outside of a major flood zone, your property can still become quickly damaged by even a minor flood. FEMA states that around 25% of flood insurance claims come from outside of high-risk areas. This type of insurance also tends to be more affordable in less flood-prone areas. This is a case of better safe than sorry because…

Flooding Causes Massive Damage 

Flood damage is usually major, even in the small case of small floods. Flooding damages foundations lead to rot and can damage the personal items that get swept up in the flooding. Even if your home isn’t floating down the river, having even 1 inch of water soaking into the foundation of your home can require major, costly repairs that flood insurance helps protect against. 

Not Having Flood Insurance is a Risk

Once a flood starts, it’s hard to prevent the damage to your property—and at that point, it’s too late to go shopping for flood insurance policies. Rather than bailing out your basement and hoping the damage is just superficial, having a policy in place gives you the peace of mind you need while you’re away on vacation or eases your worries about today’s unpredictable weather. 

Protect your Austin, TX area home and put your mind at ease by calling Austinite Insurance Agency LLC today!

3 Reasons You Need Condo Insurance

Although condo insurance isn’t mandatory, it can help you protect your property and valuables against theft or loss. If you’ve taken a mortgage on your condo, your lender may require that you have insurance coverage. At Austinite Insurance Agency LLC in Austin, TX, we can customize a condo insurance policy to suit your specific needs. Here’s why you should have a personal condo insurance policy:  

Protect Your Personal Unit

Your condo’s Master Insurance Policy is designed to cover the exterior of your building and common areas such as tennis court, pool, clubhouse, etc. To protect the interior of your unit, you need your own policy.

Property building coverage will ensure the interior of your unit is covered in case of damage or loss. This insurance protects your walls, floors, cabinetry, sinks and other permanent fixtures against damage caused by fire, smoke, storms or other perils covered under your policy. If you’ve made renovations to your unit, they will be protected as well if you add them to your policy.  

Protect Your Goods

Personal property coverage protects your goods like clothes, furniture, appliances, electronics and any other items you own. If you’re wondering if this coverage is worth it, consider how much you’d have to pay to replace designer clothes or costly electronics on your own. This insurance also covers your belongings when you travel. If posh jewelry is stolen from your car while on vacation, you can make a claim under your condo insurance personal property coverage.

Liability Protection

Liability insurance protects you against lawsuits if someone were to be hurt on your property. Accidents happen all the time. Liability coverage will pay for medical expenses of those who are injured or legal expenses of a lawsuit if the injured party sues for damages.  

To learn more about condo insurance coverage and costs, contact Austinite Insurance Agency LLC, Austin, TX.

What Kind of Commercial Property Insurance Options Should I Consider?

One of the biggest misconceptions in the world of commercial insurance is if you rent your property you don’t need to invest in property insurance. That, however, is not the case. While the property owner has insurance that protects the property in the event of damage, it does not cover what is inside of the building. Due to this, if you sustain damage to hardware, your merchandise, or other equipment within the building, you will likely need to pay for it out of pocket. That is why commercial property insurance is critical. If you run a business around metro Austin, TX, the team at Austinite Insurance Agency LLC can help you select what insurance options are right for you. 

Own the Property

When you own your property, there is a very specific kind of property insurance you will want. This covers the physical building of your business. This way, if something happens to the building itself, you will have it covered, although you should talk with your insurance provider about flood and earthquake insurance to see if you’re protected. 

Inside the Property

Regular property insurance does not often protect the actual contents of what is inside the building. Due to this, you’ll want to find insurance that protects the property as well. This way, you can protect your machinery, merchandise, and everything else that is located within the building. 

No matter the kind of business you run, it is crucial for you to invest in the right commercial insurance. Commercial property insurance will safeguard the investments you’ve made inside of the property, ranging from equipment to saved merchandise. If you run your business around the greater Austin, TX area, Austinite Insurance Agency LLC is here and can help you. Reach out to our office to get a quote and have your questions answered.