Allen Jones Insurance Agency answers 5 FAQ about bond insurance

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Allen Jones Insurance Agency knows bond insurance can be confusing. But, it’s also beneficial.

Serving Seguin, TX, the agency hopes to help by answering five common questions about bond insurance.

What is a bond?

Let’s start with the basics. A bond is an instrument of debt. Essentially, it’s an "I.O.U." between a borrower and a lender. Although there are a variety of types, bonds are used most by governments, municipalities, and companies. 

What is bond insurance?

A bond insurance policy guarantees repayment in the event of default. This applies to the principal and any related interest payments. By purchasing these policies, bond issuers receive several advantages that help in selling their bonds to the public. Bond insurance is also commonly called "financial guaranty insurance."

Who needs bond insurance?

Bond insurance isn’t for everyone. It is mostly seen in tandem with asset-backed securities or municipal bonds. It can also be added to infrastructure bonds, like public-private partnerships and some regulated, non-U.S. utilities.

Why purchase bond insurance?

Bond insurance helps issuers in several ways. Primarily, these policies enhance a buyer’s credit rating. With bond insurance, companies or government entities obtain a much more favorable score because the risk is reduced. An insurer will evaluate this when determining premiums.

How does insurance affect a bondholder?

Bond insurance is attractive to potential investors too. If a bond has an improved credit rating, it is more appealing because bondholders can buy it with greater peace of mind. If a default does occur, the bondholder should face little disruption, as the insurer fills the gap by inheriting the liability and continuing to make payments.

Find an agent serving Seguin, TX

If you have any more questions regarding bond insurance, Allen Jones Insurance Agency can help. Their experienced agents are only a phone call away. Contact them today.

Why Builders Risk Insurance Matters in Texas

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Construction always comes with risk. That includes risk to the property itself. The building process leaves structures vulnerable. Projects can stop because of theft, natural disaster, or many other reasons. Builder’s risk insurance provides coverage in case of damage. At Allen Jones Insurance Agency, we serve insurance-seekers in Seguin, TX. A lot of clients ask us about builders’ risk insurance. Here’s what you need to know. 

Texas Requirements 

During construction projects, the state of Texas has some insurance requirements. Namely, it requires either the contractor or building owner to have insurance for property damage. Builder’s risk insurance can help contractors meet those coverage requirements. 

Furthermore, some cities and counties may require builders’ risk insurance, specifically. Local insurance laws vary from one area to the next. For contractors who work in multiple counties, builders’ risk insurance can help them make sure they meet all requirements no matter where they work. 

Texas Weather and Other Challenges 

Texas construction sites have some unique challenges. The weather provides one of the biggest challenges. We’re all familiar with Texas heat. And last year’s snow storms proved that Texas weather can get unpredictable. Texas is also prone to wildfires, tornados, major thunderstorms, and more. 

Construction can be unpredictable in any state. Texas adds even more unpredictability to the mix. The right insurance policy can help you stay prepared. 

Why Builders Risk Insurance Matters 

Of course, builders risk insurance matters anywhere. All construction sites could benefit from this kind of coverage. That’s because builders’ risk insurance doesn’t just cover the building itself. It also covers other construction-related things. A lot of important factors go into construction. Builders’ risk insurance is designed with those factors in mind. 

Contact Allen Jones Insurance Agency 

Insurance topics can get confusing. Let us help you make sense of your options. Visit the Allen Jones Insurance Agency website today, or give us a call. We’re happy to serve the Seguin, TX community. 

What Are The Risks Of Not Having Auto Insurance?

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In the state of Texas, car owners are required to carry proper car insurance. However, there are still people who decide to save some money and drive without insurance. If you are also thinking about doing it, Allen Jones Insurance Agency serving clients in Seguin, TX prepared a list of risks of not having auto insurance you should know about: 

Risk of Being Liable For Expensive Repairs

If you do not carry auto insurance, and you are involved in a car accident, you will be responsible for all the repairs. It may be a fortune, depending on the amount of damage. Also, if there are any other drivers or passengers involved in the accident, they may sue you for their personal injuries and damages. 

Risking Lives of Other People

If you are driving without insurance, you are putting at risk not only on yourself but other people as well. If a road accident occurs and other passengers in your car need medical attention and treatment, you will have to cover their medical bills yourself out of pocket. 

Risking of Receiving a Ticket or Being Arrested

You should know that driving without auto insurance is considered a misdemeanor offense that is punishable by a fine. Moreover, there are some cases when drivers can be punished by imprisonment. 

Auto insurance is required in Texas, and you cannot drive without proper insurance, otherwise, it is considered illegal. Allen Jones Insurance Agency serving clients in Seguin, TX and other nearby towns is ready to provide you with all the information you need to have about this type of insurance. If you have any questions, feel free to give us a call. 

Common Texas Car Insurance Myths Debunked

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When you are purchasing Texas car insurance, a lot of questions about your own life will go through your mind. You have to think about driving records, what impacts your insurance rates, and what kind of coverage you need to drive on Texas roads.

At Allen Jones Insurance Agency, we want Seguin, TX residents to be clear on everything when it comes to purchasing your Texas auto insurance. We want to make sure that the most common car insurance myths don’t prevent you from getting the right coverage.

Car Accidents and Traffic Violations

It is common knowledge that when you get involved in an accident, you may be charged with a traffic violation or get a ticket. This will always impact your auto insurance. Some people think that if you don’t get a ticket or charge after an accident, your insurance is not impacted.

This is sometimes not the case. If the other driver makes a claim and involves your insurance company, you may see an increase in your premiums.

Texas Auto Insurance Follows the Car

This is among the most common confusions when purchasing car insurance, or when letting someone else drive your vehicle. If a friend or family member drives your car, your insurance will be involved in any problems that may come up.

Their insurance may be involved for medical costs. However, your insurance covers your property, regardless of who is driving at the time of a collision.

Driving Record is Not the Only Thing That Matters

There are a lot of factors that go into determining your car insurance policy. Your driver record matters. There are other things that are taken into consideration as well. 

Security features such as anti-theft devices, the price of your vehicle, and your insurance record will all play a role in your insurance premiums. It doesn’t mean you can’t get car insurance if there are some problems here, but this information will impact premiums.

Get a Quote

When you are looking for Seguin, TX auto insurance, make sure you have all the right information. At Allen Jones Insurance Agency, we can help. Call us for a quote today.

Choosing the Best Executor for Your Life Insurance Policy

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At Allen Jones Insurance Agency, we can provide Seguin, TX residents with a high-quality life insurance policy that makes sense for their needs. However, we cannot pick the executor for you – you must take this step yourself. And when you do, you must do what you can to find someone who will do their best to get your policy the attention it deserves. 

How to Choose an Executor

When picking an executor, make sure to choose an individual who has many high-quality traits that you know you can trust to handle this situation for you. For example, you need to make sure to choose someone you know who you can trust to: 

  • Execute your life insurance policy to the fullest extent 
  • Possess a high level of financial standing that helps make execution easier 
  • Provide at least one other successor to help make the policy easier to execute
  • Minimize drama discussing and providing life insurance to your benefactors 
  • Keep away disqualified individuals or those who you don’t want 
  • Stay emotionally grounded and patient through the whole process 

By paying attention to these facets, talking to people you love (either family or friends), and narrowing down your options, you can choose an executor who will give your will the best chance of success, minimizing any frustrating complications.

Help is Here for You

If you need a high-quality life insurance policy and aren’t sure where to turn, please don’t hesitate to contact us today at Allen Jones Insurance Agency right away to get the help that you need. Our team is filled with professionals who understand Texas law and serve the Seguin, TX as fully as possible. So please don’t hesitate to contact us to learn more and get the help you need here.

Is Home Insurance in Seguin, TX a Good Investment?

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Your Seguin, TX home is unquestionably one of the costly and most precious assets you have. Most likely, you have spent a fortune to build it, not to mention the valuables in that house. Unfortunately, a calamity can bring that whole structure down in seconds, and the likely consequences are that your home becomes uninhabitable. At this point, you release how valuable home insurance is for all homeowners, as it protects you from such unforeseen events.

If you are asking whether home insurance is a worthy investment, Allen Jones Insurance Agency has prepared reasons why home insurance is a good investment. Let’s dive in.

Protects your asset

The last thing as a homeowner you want is to lose the most valuable asset with no means of replacing it. Unfortunately, you can lose your home through perils like fire, hail, and other natural disasters. Imagine the financial and emotional pain of replacing your house if you don’t have a safety net like home insurance. Luckily, home insurance can spare you this nightmare. 

Protects your personal belongings 

Your personal belongings are what truly makes your house a home. There is no doubt about that – talk of your furniture, electronics, clothing, and even your expensive jewelry. With personal belonging coverage, you can relax knowing your home contents are covered. 

Provides liability coverage

No matter how cautious one is, accidents may occur within your property to a third party. Think of how much it would cost you for hospital bills, or worse, lawsuits expenses if you got sued. The premium you pay for your liability coverage is nothing compared to the support you receive when it’s time to call upon your insurance agent. 

Home insurance in Seguin, TX

Nothing can beat the comfort of your home, but if you are not careful, you could go back to square one if your home got damaged or destroyed. However, with home insurance, you can rest assured your investment is well-taken care of. If you would like to invest in home insurance today, contact Allen Jones Insurance Agency for an affordable quote.

Benefits of Getting Auto Insurance

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Auto insurance is one of the mandatory policies that vehicle owners are required to have, with Seguin, TX laws requiring drivers to have bodily injury liability, among other coverage options. This is because auto policies come with numerous advantages, helping you and other motorists get proper protection while on the road. Below, Allen Jones Insurance Agency explains the benefits of getting auto insurance.

Compliance With the Law

As previously stated, drivers within the state need to have proof of insurance for every vehicle purchased. This means getting insurance like liability coverage, personal injury protection, and, where required, uninsured/underinsured coverage. Without these, you risk getting penalties, with the long-term repercussions being the revocation of your license. The solution to avoiding such inconveniences is purchasing auto insurance which helps you comply with the legal requirements.

Financial Security

If you are involved in an accident that results in 3rd party injuries or property damage, you will be required to pay for these costs. If you do not have auto insurance, paying out of pocket will be inevitable. In addition to this, lawsuits arising from these emergencies also come with fees such as legal charges and damages. This can leave you in financial turmoil, with auto insurance coming in handy in providing compensation for any of these events.

Eases Your Lending Journey

Numerous lenders currently require auto insurance from borrowers as a guarantee that their investments are protected when accidents occur. Without this, your financing agent may be reluctant to sign off on your car loan. Auto insurance helps you get a smooth financing process during the purchase of your vehicle, acting as proof that your car has the suitable protection to keep it safe during perils.

To get auto insurance with the above benefits, consider calling Allen Jones Insurance Agency today. We provide customized policies for Seguin, TX drivers.

Commercial insurance FAQs

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Owning a business, no matter what the size, is risky. Today, it is riskier than ever. Knowing your risk is important. A trusted insurance agent can help you to identify and mitigate with the correct commercial insurance coverage. Different businesses have different risks, and ensuring your insurance gives you the right protection can save your business. At Allen Jones Insurance Agency in Seguin, TX, we work for our customers, and we will make sure you have the coverage you need and aren’t paying for any you don’t need. 

Is commercial insurance required in Texas?

The only type of commercial insurance required by law in Texas is commercial auto insurance. All vehicles owned by a business must have 30/60/25 coverage. This liability coverage protects others who are injured or have their property damaged by one of your vehicles. 

Do I need to have workers’ compensation insurance?

The reality is you don’t need to have a workers’ compensation insurance policy, but that does not mean you are not liable to pay for any illness or injuries that are a result of work. That is written into Texas law. Workers’ compensation insurance can be a good financial decision to pay these claims. 

What commercial insurance should I have for my small business?

Most small businesses can benefit from, at the very minimum, commercial property and liability insurance. This protects your business from legal dangers as well as physical hazards like fire and severe storms. 

Do home businesses need commercial insurance?

Yes, they do. Your personal insurance may refuse to pay claims involving your business Talk to your insurance agent about what coverage you need. 

When you need to talk to an independent insurance agent about your commercial insurance needs, contact Allen Jones Insurance Agency in Seguin, TX.

Three Factors to Consider When Getting Auto Insurance

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Shopping for auto insurance may feel stressful at first as there are a lot of factors to consider. Fortunately, a bit of research and time could make the whole process much easier. Talking with auto insurance pros is wise as well. Contact the Allen Jones Insurance Agency, which serves Seguin, TX, if you’d like further advice.

Should You get Full Coverage or Limited Liability Insurance?

Many drivers opt for full coverage auto insurance. This insurance typically covers damages and medical costs for drivers and their passengers and anyone else (such as another driver) injured in a car accident. Further, damage to your vehicle may be covered as well.

Limited liability insurance typically covers other parties but may not cover you completely. For example, if your car is damaged in an accident, you may have to pay out of pocket for repairs.

Deciding between full and limited liability insurance is one of the biggest decisions you’ll make when selecting an auto insurance plan.

What Other Events and Damages Are Covered?

When shopping for auto insurance, you need to consider the multitude of things that could impact your car. Is weather damage covered by a specific plan? How about vehicle theft? What if someone steals something, say a laptop, that was inside the car?

By examining individual auto insurance plans or talking with an insurance pro, you can figure out exactly what’s covered.

How Much is the Deductible?

Many auto insurance plans include a deductible. This means your insurance provider may not cover costs until you reach a certain threshold. Instead, you might have to pay out of pocket for repairs and the like. Often, you can select different deductibles when setting your auto insurance policy.

Many other factors should also be considered while shopping for car insurance. Contact Allen Jones Insurance Agency, which serves Seguin, TX, for professional advice.

Do I Need Home Insurance For My Texas Home?

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At Allen Jones Insurance Agency, located in Seguin, TX, we often face this question from our clients: do I need home insurance? While Texas law doesn’t mandate homeowners to carry home insurance, it’s critical you purchase a policy. You probably have saved for many years to bring your dream of homeownership to fruition. Why would you not protect your hard-earned investment? 

If you are still unsure of why you should carry home insurance, here are some more reasons

Protects your structure

When you purchase dwelling coverage from us, you will be protecting your building from damage by fire, lightning, hail, storms, and other perils listed in your policy. In case of damage, your insurance will repair or rebuild your home up to your policy limit.

Protects your personal belongings

Owning a home is one thing, but equipping it with electronics, furniture, and other stuff is equally tasking. Home insurance protects your personal belongings, including jewelry, clothing, and firearms, from theft, fire damage, windstorms, and other covered perils.

Offers personal liability protection

Liability coverage in home insurance protects you from lawsuits in instances where you are legally liable for causing bodily injury or property damage.

Covers additional living expenses

For one reason or another, your Texas home might become uninhabitable. For instance, your house might be destroyed by fire and has to undergo repairs. You might live in a hotel in such cases, leading you to spend on meals and boarding expenses, which you wouldn’t have if you were in your home. Your home insurance saves the day in such situations.

When am I required to carry home insurance?

If a federally-regulated lender finances your home, they may require you to purchase home insurance until you pay off the mortgage. 

Now that you have seen that home insurance is a no-miss investment, it’s time to purchase this coverage from Allen Jones Insurance Agency, situated in Seguin, TX. Here, we provide our customers with different home insurance options and help them choose those that best meet their needs. Contact us today for more information.