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How Can I Save On My Renters Insurance Policy?

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When shopping for a renters insurance policy, read the fine print and talk to a licensed agent to ensure the policy meets your needs. Many policies have a cancellation window, so you can get a prorated refund if you have to cancel due to an unforeseen circumstance. 

Make sure to keep all your receipts, document the value of your belongings, and purchase insurance from a reputable company. Renters insurance is a crucial requirement if you rent, but it doesn’t have to cost a fortune. Shop for the best rate, and consider increasing your coverage to protect more of your assets. For expert advice, Collum Insurance Group LLC in Richardson, TX is here to help. 

Add a Safety Deposit 

By adding a renters insurance policy to your existing homeowner’s policy, you can protect your personal belongings if they’re ever stolen, damaged, or destroyed due to a covered risk. If something is ever stolen or destroyed, you need proof it was a valuable item. 

Also, get a rider to your policy if you have expensive valuables, such as expensive artwork, jewelry, or sports equipment. Many policies will provide a discount or waive the pet fee. 

An important rule to remember when purchasing a renters insurance policy is that you can’t add it to your current policy. You must have separate insurance coverage for renters. 

Contact Us Today

A renter’s insurance policy is an excellent way to protect your belongings in a disaster or theft. You may get cover for securing your valuables in a safety deposit box, and you can take steps to protect your valuables from disaster. 

You can also talk with your insurance provider about adding a rider for valuables, such as precious metals or antiques, to your policy to get enhanced coverage. 

Consider getting coverage for certain types of art and other collectibles up to a certain value. You may also want to consider getting a floater policy that provides additional coverage for your valuables. Give us a call and let Collum Insurance Group LLC serving the greater Richardson, TX community help you.

Do You Need RV Insurance in Texas?

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Seeing the great state of Texas by recreational vehicle (RV) is one of the best ways to travel. If you’re an RV owner in the Richardson, TX area, keep reading. The team at Collum Insurance Group LLC is here to keep you in the loop on why your RV insurance may need a refresh, and what you should be looking for to protect one of your assets. 

If an RV is driven on the roads in Texas, RV insurance is required by state law. Many lenders will require you to have insurance in order to fund the loan to purchase the RV. Either way, RV insurance is a great benefit to have whether you’re taking a camping trip across the country or it’s in storage for the winter. Insurance protects you in either situation. 

Standard RV insurance in Texas typically includes some sort of collision coverage, comprehensive coverage, and/ or liability coverage. While these may be adequate, there are more coverage options available that cast a wider net for RV owners to feel more protected. 

If you are an avid user of your RV and plan on taking lots of road trips, camping adventures, and sightseeing tours, insurance for your RV is of the utmost importance. The value of protecting a large monetary investment should be reason enough, but insurance can also provide great peace of mind when you’re traveling with companions, family members, and friends. 

Spend your time this year exploring all the great sights Texas has to offer. Do so without stressing about your policy or what kind of coverage you have. The team at Collum Insurance Group LLC is here for you and will help you find a policy that fits your lifestyle here in Richardson, TX. Contact us today! 

What is the value of having a motorhome insurance plan in Texas?

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People that live in the Richardson, TX area may find that getting a motorhome is a good investment. When you have one of these assets, it will give you the ability to drive around the area and have a place to sleep when camping or participating in other recreational activities. If you choose to purchase a motorhome when you are here, picking the right insurance plan is very important as it offers several forms of value. 

Protect Motorhome

A primary reason to have insurance coverage for your motorhome in this part of Texas is so you can have support if it is damaged or destroyed. If your motorhome is damaged in any way, making the necessary repairs can be quite expensive. When you have the right insurance plan in place, it will give the financial support you need to replace or repair it. 

Receive Liability Support

Another reason that it can be helpful to have a motorhome insurance plan is so you can receive liability support. There are liability risks that come with owning a motorhome and if you are found liable for damages incurred by another party, the expenses can be significant. If you do have the proper insurance in place, it will give you coverage that can help to protect against this risk.

Anyone that is going to purchase a motorhome in the Richardson, TX area will want to ensure they receive the right coverage. Having this insurance provides several forms of coverage and is required for many owners. To ensure that you are making the right choice when looking for a policy, it would be helpful to call Collum Insurance Group LLC. The professionals with Collum Insurance Group LLC understand the need to have this coverage and they will offer guidance to build your next plan. 

What type of insurance do I need to drive my motorcycle in Texas?

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Any driver who plans on navigating the streets and highways of Texas on a motorcycle must be insured. However, the state minimum requirements, as well as coverage levels, must be abided by to legally operate a motorcycle in Richardson, TX. Our team at Collum Insurance Group LLC is committed to helping motorcycle drivers get the coverage they need to legally drive within the state of Texas. 

What are the Legal Requirements to Drive a Motorcycle in Texas?

Aside from having a Class M license, a registered motorcycle, and passing annual inspection, Texas motorcyclists must carry liability insurance to drive a motorcycle in the state. Not only do they need liability coverage, but they must also meet the state minimum levels of coverage. The minimum coverage requirement for Texas motorcycle drivers is 30/60/25. In short, this means that Texas motorcyclists must carry $30,000 worth of bodily injury coverage per person. In addition, $60,000 worth of bodily injury coverage per accident, and $25,000 worth of property damage coverage. Keep in mind that you can always carry more than the minimum required coverage if you want to or feel you need to. 

Other Considerations

Although uninsured and underinsured coverage isn’t a requirement in Texas, it might still be worth investing in if an accident is caused by an uninsured or underinsured driver. However, one of our team members at Collum Insurance Group LLC would be happy to discuss all of your insurance options as well as the legal minimum requirements with our Richardson, TX clients. If you have questions, please give us a call. We can help you secure liability insurance that meets the state minimum requirements as well as any other coverage you may need. Our team is standing by for our Richardson, TX customers. 

Thinking About Buying A Boat? Three Things To Consider

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If you’re thinking about enjoying some time on the water with a new boat, it’s important that you carefully consider how you’ll protect your assets. Here, we’ll take a look at what you need to think about before deciding whether to purchase a boat. 

Can You Afford Boat Maintenance?

Boats are expensive and difficult to maintain. Experts recommend that you set aside at least 10% of the boat’s purchase price each year for regular maintenance costs. This only includes standard, scheduled maintenance—not the amount you’ll need to pay if something breaks. 

Is The Boat You Want The Right Fit For Your Area?

You’ll need to consider whether the boat you want to buy makes sense for the body of water in which you wish to sail (or motorboat, or yacht, etc.). Research what types of boats work best in your area and try to steer your shopping in the right direction. 

Consider The Cost Of Boat Insurance. 

Purchasing a boat is a large investment, and it’s important that you fully protect yourself against damages. Working with a qualified insurance agent is key to ensuring you have the right policy for your needs. Your agent can help you understand the differences between boat insurance policies and help you decide on the level of coverage best for your watercraft and your financial situation.

Looking For Boat Insurance? Collum Insurance Group LLC, Serving Richardson, TX, Can Help

If you’re looking for boat insurance, reach out to an agent at Collum Insurance Group LLC, serving Richardson, TX. A qualified agent will work closely with you to help you choose the right boat insurance policy for your needs. 

Types of motorhome insurance

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Owning a motorhome can be an incredible gift to yourself to add to your life. While you should enjoy your motorhome the best you can, getting the right type(s) of insurance will ensure you can enjoy your motorhome without additional worries.

Collum Insurance Group LLC in Richardson, TX proudly offers motorhome insurance, servicing residents in Texas. You can look through some of the motorhome types below and discuss what you want and need with one of our advisors further. 

Some types of motorhome insurance

While there are many different types of motorhome insurance, you can find some of these below:

  • Liability insurance, which is a type of insurance that provides coverage for damage to other vehicles and drivers. It also covers people who are inside your motorhome with you. In any case, where there might be a liability, liability insurance could cover someone’s medical or repair costs there.
  • Uninsured motorist insurance, which might sound odd, but it is something you should protect yourself against. If you are hit by an uninsured driver, it will be difficult for them to cover your medical or repair costs if they don’t have insurance. This also counts in the case of a hit and run, so make sure you are protected. 
  • Total loss replacement insurance, which is a type of insurance everyone hopes you never need. But should you be in a terrible accident or to the point that your motorhome is entirely destroyed, a total loss replacement insurance claim and cover the total cost of your motorhome. – 

Ready to get going with motorhome insurance? Call Collum Insurance Group LLC in Richardson, TX today to discuss quotes. You can call or request a quote online.

Types of motorhome insurance

Posted on by admin

Owning a motorhome can be an incredible gift to yourself to add to your life. While you should enjoy your motorhome the best you can, getting the right type(s) of insurance will ensure you can enjoy your motorhome without additional worries.

Collum Insurance Group LLC in Richardson, TX proudly offers motorhome insurance, servicing residents in Texas. You can look through some of the motorhome types below and discuss what you want and need with one of our advisors further. 

Some types of motorhome insurance

While there are many different types of motorhome insurance, you can find some of these below:

  • Liability insurance, which is a type of insurance that provides coverage for damage to other vehicles and drivers. It also covers people who are inside your motorhome with you. In any case, where there might be a liability, liability insurance could cover someone’s medical or repair costs there.
  • Uninsured motorist insurance, which might sound odd, but it is something you should protect yourself against. If you are hit by an uninsured driver, it will be difficult for them to cover your medical or repair costs if they don’t have insurance. This also counts in the case of a hit and run, so make sure you are protected. 
  • Total loss replacement insurance, which is a type of insurance everyone hopes you never need. But should you be in a terrible accident or to the point that your motorhome is entirely destroyed, a total loss replacement insurance claim and cover the total cost of your motorhome. – 

Ready to get going with motorhome insurance? Call Collum Insurance Group LLC in Richardson, TX today to discuss quotes. You can call or request a quote online.

Texas Winter RV Preparedness

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You don’t have to stay cramped at home just because it’s winter around Richardson, TX. With a few simple steps that us at Collum Insurance Group LLC would take for our own vehicles, any RV will be ready to journey into the unknown with the whole family.

Improve the Insulation

You don’t have to insulate your RV like an attic, but a thin layer is manageable without sacrificing much of the interior space if you are willing to do the work. Decorative insulation in thick material like a knitted wool blanket is a great way to achieve the wanted result without as much hassle, and it works just as well for RVs that already have insulation installed.

Inspect your windows to see if they’re double-paned, as well. While it can be more expensive than hanging a few blankets, upgrading to double-pane windows seals a major gap in the insulation and lowers your heating needs.

Add Antifreeze to the Gray and Black Water Tanks

A touch of antifreeze to these tanks will keep them flowing without interfering with your freshwater supply. You should use the kind that is usually pink and labeled for RV and marine use.

Heat and Insulate the Fresh Water Systems

You don’t want to drink antifreeze, but you still need to keep your freshwater protected. Any freshwater components outside of the interior should get extra insulation. Consider getting a heated water hose for when you’re hooked up to an exterior source.

Make Sure Your Insurance Is in Working Order

The last step before you venture into the winter wonderland is double-checking your insurance coverage. Collum Insurance Group LLC in Richardson, TX will help connect you with the right policy if you need a new one or want a change in coverage.

Motorcycle Insurance When You Don’t Wear Helmets: What to Expect

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Motorcycle helmets save lives, but many riders in Texas prefer not to wear them. How does this affect your motorcycle insurance? We at Collum Insurance Group LLC can help Richardson, TX, residents better understand these factors. 

Understanding How Helmets Affect You 

Helmets are an important part of your safety protection when riding a motorcycle. However, Texas law currently does not require residents to wear a helmet while they’re driving. However, insurance companies may still frown on you if you get into an accident without a helmet. 

For example, if you are injured on a motorcycle while not wearing a helmet and someone else caused the accident, your insurance company will still look unhappily on your refusal to wear one. In other words, they may refuse to pay for certain injuries if they believe your lack of helmet contributed to them.

And if the other individual’s insurance company is the one who is paying out, they may also refuse to pay. That will all depend on what the court says was more negligent: the driving behavior of the other person or your refusal to wear a helmet. Not surprisingly, many courts will find you more negligent. 

Note that this issue refers strictly to personal injuries and not motorcycle damages. So if someone else causes the accident and your motorcycle is damaged, their policy must pay even if you weren’t wearing a helmet. And this situation also varies depending on the court and judge involved.

Don’t Neglect Your Insurance Needs 

As you can see, motorcycle insurance and helmets are critical to consider if you want to minimize any complications in your life. Thankfully, we at Collum Insurance Group LLC can help Richardson, TX residents better understand this situation and avoid long-term issues that may otherwise affect them.

What Does Boat Insurance Cover?

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Boat insurance is a type of policy designed to cover multiple water vessels, like sailboats, motorboats, and personal watercraft. While this allows you to get protection for various boating assets on the go, understanding your Richardson, TX insurance will be essential in helping you understand different covered perils. Collum Insurance Group LLC breaks down items covered by boat insurance.

Property Coverage

Property coverage protects your boat when you are involved in a boating accident, both on water or land. When this happens, this policy helps you pay for your repair expenses. Property coverage also comes in handy when your boat is stolen, compensating you for the replacement expenses incurred.

Liability Coverage

Liability coverage is another item covered by boat insurance and will kick in when you damage someone else’s property or cause injury during a boating accident. This policy helps you pay for 3rd party repair expenses or replacement costs when the destruction caused is significant. Treatment costs are also covered by liability insurance, allowing you to get compensation for 3rd party medical bills.

Uninsured Watercraft Coverage

If your boat collides with uninsured watercraft, uninsured watercraft coverage helps you pay for the resulting expenses. Your medical costs and that of injured passengers are covered, helping you eliminate any out-of-pocket expenses.

Medical Payments Coverage

If you are injured during an accident, medical payments coverage takes care of your hospital bills. Injured passengers are also covered by this insurance, with some examples of covered expenses being X-rays and medication.

Towing Coverage

Towing coverage comes in handy when your boat breaks down. This coverage often includes towing options both on and off the water, allowing you to take care of repairs easily.

If looking for boat insurance to keep you covered during your stay within Richardson, TX, consider giving Collum Insurance Group LLC a call today. We will help you get boat insurance with the proper boating safeguards in place.