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Do I need to carry collision and comprehensive insurance

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Most states require that all drivers carry liability insurance. This protects other drivers from you in the event of an accident where you are at fault. That is important, but it is not the only consideration. What about your vehicle? If you have a car loan or a lease, you will be required to carry additional insurance to protect their investment in your vehicle. At Collum Insurance Group LLC in Richardson, TX, our goal is to place our customers’ needs first and offer them the service they deserve. 

We live in a world where having a vehicle is a necessity for most people. Texas is a big state with wide-open spaces. Getting to work and appointments can get pretty tricky if you don’t have a vehicle. If you have an accident that damages your vehicle and are at fault, the repairs or replacement are on you. If this would not be a hardship for you, you don’t need to carry collision and comprehensive insurance. But if you are like most people, it is something you need. 

Collision is the insurance that pays for the damage resulting from an accident. It might be one where you are at fault or that the other driver is uninsured or underinsured. 

Comprehensive insurance covers other things that can damage your vehicle. They are usually things beyond your control. Things like damage due to high winds, hail, a large animal, lightning, flooding, vandalism, and theft. This type of insurance usually includes glass coverage, as well. 

So if you use your car every day of your life, then yes, you do need to carry collision and comprehensive coverage. 

 At Collum Insurance Group LLC in Richardson, TX, we are independent agents who provide our customers with choices regarding carriers. To get a no-obligation quote, give our office a call or visit us in person. We will be happy to help you choose the best auto insurance for you. 

Do I Need to carry Condo Insurance in Texas

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When you own a condo in the DFW, it feels very much like owning a freestanding home. The difference is a condo has a condo association that carries insurance on parts of your home and the surrounding area. Not all condo association insurance is the same, but it does have essential components that will be included. The condo association covers the exterior of your building, and the common areas shared with other owners are covered with liability insurance. How far into your condo the coverage goes is what you need to check. Collum Insurance Group LLC in Richardson, TX can help you to get the additional insurance to protect your investment in your condo. 

It would help if you carried condo insurance to cover any improvements made to your unit. Updating a kitchen or bathroom increases the value of your condo. A condo association policy does not cover your possessions. If your unit is destroyed, you are responsible for replacing everything you own. A daunting prospect for anyone. Discuss with your insurance agent whether you are comfortable with replacement cost or the actual value of the items you may lose. 

When someone is injured while visiting your condo or a member of your family, even a furry one, injures someone or damages another person’s property, you need liability insurance. This covers medical expenses as well as legal fees and judgments. 

If a covered event damages your unit, condo insurance will help you to pay for a hotel immediately and, in the longer-term, another place to stay until you can return home. 

Condo insurance offers valuable protection, and you should carry it. Collum Insurance Group LLC will help you to find an insurance policy that gives you peace of mind. Give us a call or stop by our office in Richardson, TX for a no-obligation quote. 

What is a home inventory and why do I need one

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Buying a home is a major achievement. It often takes years of planning and saving to reach this goal, and you need quality home insurance to protect the purchase you have made. Nobody wants to focus on the things that can damage your home, but on the other hand, you have to be realistic. Bad things do happen, and if it happens to your home, you need the confidence that you will be able to rebuild and replace all the things you had. At Collum Insurance Group LLC in Richardson, TX, we are able to offer our customers choices when it comes to carriers and policies. 

A home inventory is a listing of your possession. In the event of your home being damaged or destroyed by a covered hazard, your home insurance will repair or replace the things you have lost. That is the good news. The bad news is they will need to know what you had before the event occurred. After a traumatic loss, you may not be able to tackle such a massive undertaking. This is why you should create your inventory before anything damages your home. 

You can do it the traditional way with a pad and pen, or you can do it digitally. Either way, you will go from room to room of your home and list and or photograph every inch. Open the closets, pull out the drawers, go through your kitchen cabinets. Head up to the attic, down to the basement and out to the garage. This is not a small undertaking, but the advantage it offers if you need it makes it all worthwhile. 

Finally, place your inventory in a safe place where you can get to it when you need it. 

Collum Insurance Group LLC in Richardson, TX is here to help you with your home insurance needs and to answer any questions you may have. Please stop by our office, or give us a call.