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  • How Much Homeowners Insurance Is Right For Me - Arthur Blake Insurance

How Much Homeowners Insurance Do I Need?

How are you supposed to know how much insurance coverage for your home is right? We purchase homeowners insurance on a range. Too much, and you’ll be paying costly premiums every year for more than you need. Too little, and your home won’t be covered as well as it should be if disaster strikes. It’s a balance! But how are you supposed to find that balance? Arthur Blake Insurance in Plano, Texas, is here to help. We have some advice on knowing how much homeowners insurance is right for you.  Calculate Replacement Costs First, you need to know that you can’t evaluate your property and assume that’s how much coverage you need because property valuation includes the land your home sits on, but the land isn’t going anywhere, so why insure it? We also recommend that you insure more than just the cash value of your home because, thanks to changing inflation, depreciation, and construction costs, that might not be enough coverage later on. The best way to ensure you have roughly enough homeowners insurance coverage is to calculate how much it would cost to repair and rebuild. Repairs could cost you more money than if you only insured the... Read more
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  • Homeowners Insurance near me Plano, TX

10 Ways To Save On Homeowners Insurance

Homeowner’s insurance in North Texas can vary greatly depending on which insurance provider you choose, the plan you decide on, and the state you live in. The price can vary by hundreds of dollars even! You don’t want to be paying hundreds more dollars than you should be if you can help it. Arthur Blake Insurance is here to help. We’re giving you ten ways to save money on homeowners insurance.  Do Your Research Don’t hurry when you’re deciding which home insurance policy to go with. Homeowners insurance is essential because it can protect your forever home. It would be best to do your research when looking for homeowners insurance. Take time to consider providers and policies before making a decision.  Raise Your Deductible You can lower the amount you pay each month for your premium by raising your deductible. For example, your deductible might be $500. If you can afford to raise it to $1000, you could save up to 25% a month on your premium.  Don’t Overvalue Your Home The ground your home sits on is not vulnerable to the elements, so don’t add it to the value of your home. This will overvalue your home leading to... Read more
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  • Should You Buy Life Insurance for Kids - Arthur Blake Insurance

Should You Buy Life Insurance for Kids?

Life insurance can be difficult to think about, learn about, or plan for. But one thing’s for sure is that life insurance has become a popular topic for discussion since the pandemic hit. Parents of kids of all ages wonder if they should be investing in life insurance for their children after all of the uncertainty lately. Arthur Blake wants to help ease your anxiety, so we want to discuss the pros and cons of buying life insurance for your kids.  Ensuring Adult Coverage By purchasing life insurance for your children when they’re young, you ensure they’ll have coverage even when they’re adults and have professional jobs. When people get older, they are more likely to be denied coverage for reasons like dangerous jobs or health conditions they’ve been diagnosed with. By purchasing life insurance before these things happen, your kids won’t be denied the coverage they already have as adults.  Long-term Commitment If you decide to invest in life insurance for your children, expect to be making payments for decades to come. The investment isn’t worth losing if cash flow becomes tight. You might be able to re-invest some of the money for payment, but then the policy loses... Read more
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  • swimming pools and insurance frisco texas

Swimming Pools and Homeowner’s Insurance

One of the most common questions customers ask us is, “will my homeowner’s insurance cover my pool?”. In short, yes, your homeowner’s insurance will help pay for repairs if a covered peril damages your pool. Your liability coverage could also protect you in the event someone is hurt at your pool. However, the type of pool you have affects when coverage in your homeowner’s insurance policy comes into play. To make things easier, we put together a guide on everything you need to know about swimming pools and insurance. How Homeowner’s Insurance Applies to Swimming Pools As we said above, the vast majority of homeowner’s policies will cover swimming pools. The two coverages that are generally applied are either the “other structures” or personal property coverage. Usually, this depends on if you have an above- or in-ground pool. Above-Ground Swimming Pools and Insurance If you have an above-ground pool that does not have any permanent structures attached to it, your insurance company will probably consider it part of your personal property. Mainly because if you were to move, you could take the pool with you. So, before your purchase that new pool, be sure you talk to your agent and... Read more
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  • Boat Insurance plano tx distillery insurance program

Do I need Boat Insurance in Dallas, Texas?

The weather is finally starting to warm up in Texas. So, that means it will soon be time to get the boat back on the lake! One of the very first questions first-time boatowners ask us is, “Do I need boat insurance?” The short answer is yes; you absolutely need boating insurance. Check out this video detailing a few of the reasons you need to be sure you have boat insurance before taking your boat out this summer.  Reasons You Need Boat Insurance It is Often Required – Even though Texas does not require boat insurance, most boat owners are still required to have it. If you lease or finance your boat, your financial institution will require your to have boat insurance. It is not uncommon for marinas to require it as well. Liability – Like auto insurance, boat insurance will help pay for any bodily injuries or property damage that occurs while boating if you are legally liable. If you do not have boat insurance, you will have to pay what you owe out of pocket. Protection for Your Boat – Again, boat insurance policies often include comprehensive and collision coverage similar to an auto policy. These coverages will cover any... Read more
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  • Umbrella Insurance plano tx

Do I need Umbrella Insurance?

Liability insurance is critical for every household. In fact, most states require it to drive a car or get a mortgage on your home. However, owning the minimum amount of liability insurance the states require is not the best idea. Liability insurance covers any medical bills or legal fees that result from any injury that you cause. Umbrella coverage policies protect you from liability issues the go beyond the liability limits of standard insurance policies, such as your homeowner’s, car insurance, etc. It is essential to consider who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars. Although these kinds of things may be few and far between, you cannot be too careful.  Who Needs Umbrella Coverage Insurance? In general, we recommend an umbrella policy  to everyone; however, we think there are a few groups we think need umbrella coverage insurance. Wealthy households – Wealth individuals and families are frequently the targets of lawsuits. The extra liability protection that comes with umbrella insurance is critical for wealthy households. Anyone who owns a pool, pond, or trampoline – Pools, ponds, and trampolines all... Read more
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  • boat insurance allen texas insurance plano

Understanding Boat Insurance

In North Texas, one of the most relaxing activities in the summer is to spend a day boating on one of our nearby lakes. It’s all about the warm sun, cool breeze, and the peace that comes with taking a break. If you’re a boat owner, you know the feeling of accomplishment that goes along with providing that experience for yourself, your family, and your friends. You cherish your boat, and that’s what makes your investment worth every penny. It’s also what makes it worth insuring. Even in the off-season, when your boat is stored, there’s a lot that could happen to it, and a boat insurance policy is the best way to protect your investment year-round.  What does boat insurance cover? There are a few different types of coverage, and each offers protection in various situations. Medical Payments Coverage This type of coverage helps with medical expenses if you or someone else gets hurt when on the water. If there is an accident, regardless of fault, the last thing you want to worry about is the cost of the needed medical attention. You went out on the boat, expecting to have a great time, but accidents happen, and the... Read more
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  • Homeowners insurance coverage

How Much Coverage Does My Homeowners Insurance Policy Need?

For most people in North Texas, their home is their biggest asset. For that reason, selecting a Texas homeowners policy with enough coverage for your home, as well as your belongings, is critical. However, in a survey performed by Wells Fargo, over 40% of homeowners do not know if they have enough homeowners insurance coverage to replace their homes and belongings completely. At Arthur Blake Insurance, we want to make sure every homeowner has the coverage they need to protect their home! What Needs to be Covered? When trying to figure out how much coverage you need, you need to consider two main things: the structure of your home and the value of your belongings. Structure of Your Home When considering how much it will cost to rebuild your home, you need to figure out how much it would cost to rebuild your home at current construction rates. Remember, you will not be using the current market value or original purchase price of your home. Construction rates rise and fall over time, so it is essential to research them every few years. When you calculate your house’s replacement cost, you need to consider all of your home’s features, including flooring,... Read more
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  • difference term and whole

Term vs. Whole Life Insurance

When searching for life insurance, there are two major forms to consider: Term and Whole Life. Everyone needs life insurance, but many people have a hard time figuring out how to choose a policy. Both have their own benefits and drawbacks, and it is important to understand those in order to select the type of policy that best fits your family’s needs. At Arthur Blake Insurance, our agents take the time to really understand our clients’ individual situations, needs, and goals, and we custom tailor our life insurance policies specifically to them. If you’re uncertain whether Term Life or Whole Life insurance is the right choice for you and your family, give us a call today. Term Life Insurance In general, term life insurance is rather simple to understand. A term life insurance policy will offer a death benefit to be paid out to a beneficiary if the policyholder dies within a specific amount of time (the term).  Typically, these terms are either 10, 20, or 30 years in length. The major benefit of term insurance is that the premium (cost of the insurance) is relatively low, so it is easier to buy more of it. The premium will also always... Read more
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  • use an insurance broker plano insurance agents

Reasons You Should Use an Insurance Broker

The old line about the inevitability of death and taxes is true, but it also leaves out one of the most complicated and necessary factors of everyday American life: insurance. From personal health, home, and auto insurance, to the dozens of types of business insurance, we are all faced with the necessity of making decisions. We have to go through choosing a multitude of insurance plans which keep us covered without blowing our monthly budget. And choosing the right insurance plan matters. Too little coverage can leave you exposed to unexpected and sometimes devastating costs, while too much coverage – yes, there is such a thing – can be a waste of money and can inhibit your ability to grow wealth over time. Knowing whether a plan is too little, too much, or just right isn’t easy, especially for those more focused on building their lives than poring over cost analysis charts.  That’s why more and more Americans are turning to the guidance of professional insurance brokers. Put simply; an insurance broker is an expert whose sole responsibility is to find you the best insurance plan for your needs. They are independent, representing you, not the insurance companies, and they... Read more