What is included with a Texas commercial insurance policy?

Anyone that is in the Amarillo, TX area will know that the market is a great place to start a small business. If you choose to start a company here, there are a lot of benefits that you will be able to take advantage of. If you do choose to start your own business, it is very important that you protect it as much as you can. A great way that you can do this is by getting a commercial insurance policy as it includes several forms of coverage.

Asset and Property Protection

One of the benefits of getting a commercial insurance policy in Texas is that it can provide you with coverage for your business assets. Starting a business will always come with some form of the initial investment. This can include purchasing starting inventory, building out an office space, or even purchasing heavy equipment. If you were to lose these assets, it could be devastating. Fortunately, a commercial insurance policy can protect you and your assets against a variety of situations that could result in a loss.

Provides Liability Protection

Further, a commercial insurance policy will provide you with protection for liability. There is always a risk that a business or business owner will be found liable for damages incurred by a customer or other party. If you are sued for liability, your commercial insurance policy will provide you with the financial protection and other support to reduce stress and keep you afloat.

When you are going to start a business in the Amarillo, TX area, getting a commercial insurance policy is a necessity. The team at Nest Insurance Agency can help you get into a policy that provides the right coverage. Nest Insurance Agency will ensure that you and your business are properly covered by fully assessing your needs. 

Why Do You Need Classic Insurance For Your Car?

For most car enthusiasts, the idea of owning a classic car is exciting. However, a classic car is a huge investment of your time and money. In order to protect your prized vehicle, it may be smart to get classic car insurance. For those who still have doubts about the necessity of this coverage, Nest Insurance Agency in Amarillo, TX prepared a list of reasons why insurance for a classic car is important: 

Value Protection

Classic car insurance helps to preserve the value of a vehicle. When you are signing up for an insurance policy for your antique car, you need to enter its agreed-upon replacement value, which is different from standard policies for cars. This is a guarantee that the unique value of your classic car will be protected. 

Liability Coverage

Another reason is that classic car insurance provides you with liability coverage. It is similar to liability insurance that you need when driving any other type of car.  Liability coverage ensures that you comply with the laws of the state of Texas and are insured if you are get involved in a car accident. 

Affordability

Since classic car owners drive their unique vehicles very carefully and mostly on special occasions, classic car insurance is much more affordable than car insurance for brand new or even used cars. 

No Fixed Mileage

According to policies of owning a classic car,  you will be offered a no-fixed mileage limit, which gives you the freedom to enjoy your ride. 

If you are an antique car owner from Texas, having classic car insurance is a requirement. Nest Insurance Agency from Amarillo, TX is ready to help you to find the best coverage for your classic vehicle. If you have any questions about this type of insurance, our experienced agents will be glad to answer them. 

4 Ways to Know if Umbrella Insurance is Right for You

Having the right insurance matters, and one of the ways you can do that is by adding extra protection on top of your current policies. That’s done with umbrella insurance, which can be used to cover a lot of issues that your other policies also address. The importance of this kind of insurance is that it goes above and beyond what you already have. For example, your auto or home policy may have a maximum benefit limit, but with an umbrella policy to take over where the other policy ends, your maximum benefit for a specific event or issue would be higher. That can give you more protection but also add to your peace of mind and level of security in life.

At Nest Insurance Agency, we want to make sure all of our Amarillo, TX clients have the proper coverage they need — and that can include an umbrella policy. There are four main ways to know if this kind of coverage is right for you. These ways are:

1. You have significant assets that may not be fully covered by traditional policies.

2. You have the highest level of coverage you can get on your current policies but don’t feel fully secure.

3. You’ve been professionally or legally advised to carry an umbrella policy.

4. You have a business or other holding that you want to protect more carefully.

Of course, these four reasons are only the start. There are other situations in which you might want to have an umbrella policy. By working with our trained and dedicated agents, you can get all your questions answered and decide if this kind of coverage is going to be right for your needs and situation. Come talk to us today at Nest Insurance Agency, and see if you could benefit from umbrella insurance. We want to make sure all our Amarillo, TX area customers have the coverage they need.

How Much Life Insurance Do I Need?

Almost everyone knows that having the correct amount of life insurance in Amarillo, TX is important. However, figuring out the right amount can be kind of tricky. What sounds like a lot of money at first may not be enough when everything is considered. Here are several things that you should consider when purchasing life insurance from Nest Insurance Agency. 

Basic Formula

Most financial advisors tell people that they should have 10 to 15 times their annual income in life insurance. So, a person who makes  $75,0000 may want between $750,000 and a million dollars in life insurance to help care for their family. 

Family Considerations

If your spouse is a stay at home parent or you are a single caregiver for a small child, you may want a little extra life insurance. Not only will your children have living expenses until they are grown, but you’ll also want to provide for future expenses like college or weddings. According to the United States government, it costs about $13,000 per year to raise a child in the middle class.  Along with child care expenses, you’ll want to add in the portion of the money that your spouse will need to fill in the gap that your earnings won’t provide.

Debt

If you owe a significant amount of money, you won’t want your survivors to suffer. You will want to leave enough life insurance money to make sure that they can pay off the money that is owed to debtors.

End of Life Expenses

If you were to pass away, your family will need to pay for your burial or cremation and any medical bills that were incurred at the end of your life. Even a simple burial can be over $10,000 and cremations are often about half of that cost.  

Assets

Do you have savings or investments that can be tapped to help care for your family? Do you own real estate property with no debt or a business that can be sold? Whatever you have that has value can be subtracted from the total that your family will need to take care of themselves.

Sum It All Up

Now it’s time to do a little math. Figure out how many years each of your kids will be dependents and multiply that by $13,000. Add in the amount you’ll want to provide to pay for their college. Figure out how much money your spouse will need support until retirement. Add in your end of life expenses and the amount of debt you have to pay off. Subtract any assets that can be realized. Doing all this math will give you a ballpark figure of an appropriate life insurance amount.

If determining how much life insurance you need seems too complicated, contact Nest Insurance Agency. They can help you decide the appropriate amount of life insurance you need if you live in Amarillo, TX or the surrounding area.

Do I need auto insurance in Texas?

The city of Amarillo, TX is a great community for anyone that wants a safe place to live that also offers many economic benefits. If you are in this area of Texas, you are going to need to own a car in order to get around town. If you are in the market for a new car, you also need to make sure that you get proper insurance. There are many reasons why you need to get auto insurance in Texas. 

Required by State Law

One reason why you need to get auto insurance in Texas is that it is required by state law. When you are driving a car, you are always going to take on some risk that you could cause an accident. If this occurs, you will need to pay restitution to cover damages. The state minimum liability requirements will ensure you can do this.

Protects Asset

While state law will cover you for liability, there is also a chance that you could see your car damaged or stolen. If this occurs, replacing or repairing it can be quite expensive. When you get an auto insurance policy with full collision and comprehensive coverage, you will have the coverage that you need to replace or repair your vehicle. 

If you are shopping for a car in the Amarillo, TX area, it is important that you also consider your auto insurance needs. When you are ready to start shopping for your insurance policy, you should contact Nest Insurance Agency as soon as you can. The team at Nest Insurance Agency will help you to better understand all of your auto insurance needs and requirements. They can also help you to find a policy that gives the right protection for your situation. 

What Factors Effect Your Commercial Insurance Premium?

If you’re opening up a new business near Amarillo, TX, Nest Insurance Agency is here to help make sure you are covered with a commercial insurance policy. Opening a new business takes a lot of hard work and determination, so we’re here to help you during the process. Below are just a few of the factors that will affect how much you’ll pay for commercial insurance premiums.  

Business location 

Where your business is located affects how much you’ll pay. Areas known for high crime rates may pay higher premiums, as well as rural areas that may be harder to access by fire crews in an emergency. Whether the business is in its own stand-alone building or located within another structure, like a shopping mall, determines how much you’ll pay. 

Amount of coverage 

This is the most significant factor in determining how much you’ll pay. Commercial insurance comes in a variety of forms, depending on your business’ needs. Basic commercial insurance covers property damage caused by natural influences like lightning, hail, and wind. It also covers damage caused by vandalism or civil unrest (riots). Broad policies cover everything basic policies cover, plus damage from falling objects, structural collapses, or damage caused by faulty equipment. Special form insurance protects all kinds of losses and is the most comprehensive kind of commercial insurance. 

Type of business

The type of business you’re insuring will also affect your premium. Is it a brick-and-mortar business? What activities will your customers engage in? Will employees use their own vehicles as part of operating the business? You’ll want different coverages based on these factors, and this will affect how much you’ll pay in premiums. 

Are you looking for commercial insurance for your business near Amarillo, TX? Nest Insurance Agency can help! Visit our website or call our office to see what kind of coverage we can acquire for your business. 

4 Things Your LIfe Insurance Agent Should Tell You

If you’re not sure what to get when it comes to life insurance, you’re not alone. There are different types of policies to consider, along with several options to choose from. That’s why you need a good agent to walk you through any concerns you have or adjustments you may want to make to your policy. If you’re in the Amarillo, TX area, Nest Insurance Agency can help you find the life insurance policy that’s going to protect your loved ones and meet all your needs. Make sure you work with a trusted agent who can tell you all you need to know.

Life Insurance is Good for Peace of Mind

Having peace of mind is a big part of buying life insurance. If you’re considering getting a policy, there are several things your agent should tell you. These crucial things can include:

  1. There are different types of policies to consider
  2. Some policies are not only for after you pass away
  3. You’ll need to adjust your policy if your situation changes
  4. Not all policies, or agents, are created equal

Make sure you work closely with your agent, and you’ll have a policy you can rely on and feel good about for the long term.

Contact Us, and Get the Coverage You Need

Reach out to us today at Nest Insurance Agency. We want to make sure our Amarillo, TX area clients get the help and support they want when it comes to their life insurance policies. Our knowledgeable agents will work with you, so you can get proper coverage and have the level of insurance you expect. That means peace of mind, and that can be a great feeling. A good agent will tell you everything you should know about your life insurance policy options, so you can pick the one that’s right for you and adjust it as your life situation changes in the future.

Choosing the Right Auto Insurance Policy

If you are unsure of what type of auto insurance policy you need, the best thing to do is talk to the professionals. The agents at Nest Insurance Agency have the answers that Lubbock and Amarillo, TX residents need when it comes to insuring their vehicles and protecting their family. The agents can evaluate your individual needs and make sure you have the right policy in place.

Know What Type of Policy You Need

There are different types of auto insurance available. Comprehensive, collision, PL/PD, and antique/classic cars are the most common types of policies. While some are self-explanatory, others may be somewhat confusing to understand. Comprehensive covers many different kinds of events, while collision only covers damages received in an accident. PL/PD provides public liability and property damage coverage. Antique/classic car insurance covers vehicles that meet the qualifications that would make them an antique or classic car.

Protect Your Investment

Comprehensive insurance usually is a requirement with most lending institutions, especially if they still hold the title and you are making payments. Once your car is paid off, you can drop your coverage to collision or PL/PD if you want to lower your premiums. This can be a problem if you have an accident, though. Your coverage will not be as extensive as when you had comprehensive coverage.

Residents who live in the Amarillo, TX area, and want to make sure they have the right policy for their needs, can call the agents of Nest Insurance Agency. If you wish to have your existing policy re-evaluated or if you are searching for a new policy, we have the answers you need to make an informed decision.

How Commercial Insurance Will Protect an Amarillo Business

If you would like to be your own boss and are motivated, starting a business in the Amarillo, TX area could be a great option. When you come to this city to start a business, you will find that the strong local economy is a huge benefit for small business owners. To ensure that your business is able to thrive and is property protected, getting a commercial insurance policy is a necessity. These policies can protect business in many different ways. 

Protects Assets

No matter what type of business you have, there will be a required investment to purchase assets to get your company off the ground. Whether this is inventory, capital equipment, or real estate, you need to make sure that your business is protected as well as possible. When you get commercial insurance, you will receive protection for these assets. 

Protects Employees

You also need to make sure that your employees are properly protected. One great way that a commercial insurance policy can protect you is through workers’ compensation. When you have this type of insurance in your commercial insurance policy, your staff will receive coverage if they are injured while they are at work. This will provide valuable coverage to both you and your team members. 

There are clearly many ways that a commercial insurance policy can protect an Amarillo, TX business. To ensure that you get into a good policy for your company, you should contact the team at the Nest Insurance Agency. When you speak with the team at the Nest Insurance Agency, you will learn a lot more about all of the options that you have when it comes to protecting your company with a commercial insurance policy. They will then guide you to ensure you get into a great policy. 

When should an Amarillo resident get umbrella insurance

Liability risk is something that all people need to take seriously. While you can have the best intentions of being safe at all times, accidents do happen and you could be found at fault. Due to this risk, having insurance against liability can be very beneficial. For those that are in the Amarillo, TX area, investing in a liability insurance policy could be a great personal decision and investment. There are several situations in which getting umbrella insurance would be a smart idea.

Current Liability Coverage is Too Low

Most people will have some level of liability insurance through their home, renters, or auto insurance policies. While this can be a great start to personal liability coverage, it often will not be enough in some more extreme situations. If you are found to be at fault during a bad accident, you will want to make sure that you have coverage in place to protect you. An umbrella insurance policy will give you additional liability coverage on top of your base policies.

Covers Other Liability Risk

The coverage provided by your base policy is also usually limited to certain situations. A full umbrella insurance policy will give you a much wider level of coverage. This could include a variety of other types of coverage, such as coverage against slander. Depending on your personal situation, this could be very valuable. 

There are clearly some situations in which a resident in the Amarillo, TX area should invest in an umbrella insurance policy. If you think that umbrella insurance would be a good investment for your situation, you should reach out to Nest Insurance Agency. The team at the Nest Insurance Agency knows all about the benefits of umbrella insurance and how it can protect you. This can ensure that you are properly protected against all forms of liability.