ABCs of Life Insurance

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Have you ever wondered what would happen to your dependents if you weren’t there? It would be difficult, but life insurance would help them manage their financial obligations. Unfortunately, most people think that they don’t need life insurance — but they are wrong. Others think that life insurance is for the old and those with chronic illnesses — they are wrong, too.

Given that life insurance is one of the most misunderstood topics, Boss Insurance Agency of Kingwood, TX has taken time to dissect life insurance to its basics. Here is what you need to know about life insurance.

Types of life insurance

There are different types of life insurance policies, but they are broadly categorized into two, namely:

  • Term life insurance: This coverage protects for a limited period. It could be 10, 15, 20, or 30 years. Most people start with this policy because it’s the most straightforward and affordable policy.
  • Whole life insurance: This coverage is for a lifetime and has other subcategories. Your beneficiaries get death benefits when you pass on. However, you can still benefit from this coverage when you are alive. It accumulates a cash value that you can borrow against or supplement your retirement income. 

Who needs life insurance?

Life insurance isn’t about dependents only — other categories of people need it too. You need life insurance if:

  • You have debts
  • Own a business
  • Want to live an inheritance
  • Love peace of mind
  • Want to finance your final expenses

The best time to buy life insurance is now

Don’t wait to buy life insurance when you are old and weary — it will be expensive and won’t accumulate as many benefits. The best time to purchase life insurance is today — and if you are young, it’s even better because the premiums are more affordable.

Buy life insurance in Kingwood, TX

Would you like to buy life insurance to protect what matters most? Why don’t you get in touch with Boss Insurance Agency? We will choose for you a life insurance plan that suits your budget and other needs.

Preparing your home for an emergency

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An emergency can strike at almost any time. Whether it is a tornado, a flood, or a winter freeze, being prepared will make the whole situation a lot less stressful. At Boss Insurance Agency in Kingwood, TX, we have 15 years of experience helping our clients find reliable and affordable insurance coverage. As an independent insurance agency, our loyalty is to our customers, not to one particular carrier which allows us to provide more choices, and ultimately, you will get the best possible deal. 

Stock up

You won’t always have a warning, but when you get into the season where emergencies are likely to pop up, make sure you have at least a 7-day supply of necessities, including water. Keep in mind that if you lose power, you may not have tap water or a flushing toilet. 

Have a generator

Having a generator can make all the difference between sweltering in a hot home or sitting in your cooled home. It also helps keep your food from spoiling in your refrigerator or freezer. You don’t have to spend a fortune to have this backup. Be sure to have enough fuel to fill it up at least once. 

Have an evacuation route

Plan ahead with the entire family. Know where you are supposed to meet and the route you will take to get to safety. This plan can save lives. Review your plan frequently and make any changes you need to make it work. 

Have your important papers together

If you are in danger you may forget where things are. Have all your important papers in one place preferably in a fire and waterproof container that you can grab and take with you in the event you are forced to evacuate. Your home insurance policy should be in the container as well as your inventory. 

Contact Boss Insurance Agency in Kingwood, TX with your home insurance needs. 

Do I need Flood Insurance in Kingwood if I Already Have House Insurance?

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Home insurance is important. Boss Insurance Agency reminds you that home insurance protects your home from unknown events that could cause damage. Often called "Acts of God," or "Acts of Nature," these types of events can cause damage to your home. One of them is a flood.

That is why many people think that they don’t have to have flood insurance if they already have house insurance. But is this really accurate?

Not exactly.

You need home insurance to protect your home from any type of damage that might occur. This can include the following events:

  • Floods
  • Earthquake
  • Tornado and storms
  • Hurricanes
  • Vandalism and Theft
  • Mudslides
  • Sink Holes

These are just a few examples. But as you can see, house insurance covers a lot of different things. The problem is that the amount of flood insurance you have within your current home insurance policy may not cover you for all of the damage you experience in a flood. 

Definition of a Flood

A flood is defined as any time water touches your property or your home sufficient to cause damage to the property itself or the content within. Different flood insurance policies cover different levels and types of damage, so read the fine print. 

Better yet, get in touch with one of our flood insurance experts at Boss Insurance Agency of Kingwood, TX to share your concerns. Even if you are not in a direct flood plain, recent data shows that you have at least a 12% chance of experiencing a major flood in your area in the state of Texas at some time during your lifetime. 

Get in the Ark

Kingwood, TX residents have a good chance of flood, even if they live outside of a flood plain. Visit with your Boss Insurance Agency today and rest assured that, when the rains come, you’ll have an ark to save you.

What Does Preventive Care Mean and Is It Covered?

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One of the trickiest parts of insurance in Kingwood, TX, and all over the country, is determining what is and isn’t covered. So what does preventative care mean? And how do you know if it is covered by your insurance? Boss Insurance Agency has all the answers to your insurance questions. 

Preventive Care is a health care service that is routine and designed to prevent health issues or diseases before they arise.  These include annual check-ups and physicals, screenings, blood work, dental cleanings, eye exams and patient counseling.

A wide range of potential illnesses can be prevented by attending these preventive care visits or problems can be caught very early, meaning they are much less costly to treat.

Almost all insurance plans cover some preventive care at no cost to the patients, such as:

  • Annual physicals
  • Blood work
  • Testing for cholesterol levels, diabetes (blood sugar) and blood pressure levels
  • Annual well woman exams (which includes Pap smears to screen for cervical and other reproductive cancers)
  • Well-baby and well-child visits (through age 21)
  • Vaccinations against diseases such as polio, mumps, measles, meningitis and others
  • Vaccinations for viral infections such as the flu
  • Screenings for many cancers, including colonoscopies and mammograms
  • Counseling on health related topics such as losing weight, quitting smoking or drinking, managing mental health issues, exercising and more

Preventive care is typically done once per year and the services covered vary from plan to plan. Some plans may offer more extensive preventive services. It’s important to take advantage of whatever preventive services your plan offers to ensure you stay ahead of any more serious medical issues before they develop.

The team at Boss Insurance Agency, serving Kingwood, TX are standing by to answer your questions today!

Auto Insurance: Why You Can’t Forget It

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Buying a car is incredibly exciting, but there is more to buying a car than just the car itself. You also have to consider things like car insurance from a company like the Boss Insurance Agency serving Kingwood, TX. But, how does insurance work, and why do you need it?

What is Car Insurance?

Car insurance is essentially a safety net in case you have an emergency relating to your car. Insurance will payout money to cover an unexpected expense, which you may not have the money to pay for yourself. Instead, you pay a set amount monthly, which is then pooled by the insurance agency with payments from other policyholders. The policy that you have and your personal driving record will determine how much you pay. Insurance commonly covers damages resulting from an accident, severe weather, vandalism, or theft. However, there is variation here depending on your own needs and the policy that you hold. 

Why Do You Need Car Insurance?

Most people don’t have thousands of dollars to cover the financial impact of an emergency at any given time, and even if you did, paying out thousands of dollars unexpectedly is never a good thing. Insurance covers that expense for you, so you don’t need to worry about draining your savings to fix your car after you get into an accident. It’s a safety net that catches you when you need help, and without it most people wouldn’t be able to afford the car that they drive and rely on to go to work, the store, and everywhere else in their daily lives. 

For more information on car insurance, please contact the Boss Insurance Agency serving Kingwood, TX today to set up an appointment. 

Why Is Life Insurance so Important?

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When you think about your future, you may not think about your own death. It may be uncomfortable to plan for it in advance, but you should be prepared for it, especially if you have people who depend on you financially. The best way to prepare for it is to get life insurance. If you still doubt whether you need to buy a life insurance policy or not, Boss Insurance Agency, serving Kingwood, TX, has prepared a list of reasons why life insurance is important:

Reasons To Have Life Insurance

  • Paying off your debts. If you have any debts, including your mortgage or car loan, life insurance will help pay them off. That means that your loved ones will not be left with unaffordable bills. 
  • Covering funeral expenses. Funerals are expensive. Today, the median cost comes in at $7,640, and this figure does not even include ceremony preparations and cemetery costs. If you do not want your family members to worry about affording your burial, then getting life insurance is the right thing to do. 
  • Funding your spouse’s retirement. Most likely, your spouse has their own retirement account. However, if you were a breadwinner, your retirement savings may not be enough to live a comfortable retired life after your death. Therefore, a death benefit can become great financial support. 

If you are currently looking for the right life insurance policy but do not know where to start, Boss Insurance Agency, serving Kingwood, TX, and other surrounding towns will be glad to help you. Our insurance company offers various insurance options, and our qualified insurance agents are ready to answer all your questions. All you need to do is visit our website or give us a call.

6 Top Home Insurance Terms Explained

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If you’ve never owned a house before (and even if you have), there are likely many home insurance terms that are mystifying to you. The list of more commonly used words and phrases below should help to shed some light. However, you’d benefit from talking to an agent from Boss Insurance Agency of the Kingwood, TX area about anything that’s confusing to you in your policy documents. 

  • Additional Insured – This is a person or party besides the policyholder added to the policy and will receive coverage. 
  • Claim – A request to your insurance company that they pay you after you’ve experienced a loss. Once the company validates the claim, you’ll receive a payment.
  • Exclusion – A type or cause of loss that isn’t specifically covered by your home insurance policy. There should be a section in your policy that lists them and is labeled “exclusions.” 
  • Hazard – This refers to an action, circumstance, condition, or situation that indicates a loss is more likely to occur. 
  • Inventory – You would conduct a home inventory to present your agent with a list of possessions and their amounts of value so that you can quickly and easily settle claims and report any losses on your tax forms. 
  • Perils – A peril would be a specific risk or cause of loss that’s covered by your policy. Some examples are collision, explosion, fire, water damage, and theft. 

When you’re getting homeowner’s insurance, you don’t need to make it a point to understand every single word of the paperwork. It is still important that you know what the major terms mean so that you aren’t surprised to learn what isn’t covered or if there are certain steps you need to take when filing an insurance claim. Contact the experts at Boss Insurance Agency, serving the Kingwood, TX area, and you’ll have some peace of mind. 

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