Life Insurance and Retirement: Do You Need It?

You may have purchased life insurance back in the day when your children were young and your spouse was staying home to raise them. Now, the kids have their own homes, the mortgage is paid off, and your spouse is building their own career. Is life insurance still a good investment when you are looking forward to retirement in the Amarillo, TX area? Your trusted agent at Nest Insurance Agency says yes.

Protecting Your Spouse’s Lifestyle

While you may have your retirement planned out, life remains unpredictable. A life insurance policy can help your spouse remain in the comfortable retirement home with nursing facilities or even in your own home instead of settling for a shared room in a state medical facility. 

Ensure Medical Costs Don’t Empty the Nest Egg

Even with the best medical insurance, a catastrophic health event can result in bills that could wipe out savings accounts and even cause you to lose your home. If you opt for a whole life insurance policy, you can opt to cash it out to help both of you through unexpected emergencies instead of giving up the house and planned trips.

Helping Out the Next Generation

Now that your children are settled into their own home, they are probably raising a few kids. The right life insurance policy will allow you to leave some cash for the grandkids. Maybe enough to start them on college or as a down payment for their own house. It really gives you options on how to handle your estate and specifying who will benefit from your hard-earned wealth.

Take some time to talk with your agent at Nest Insurance Agency in Lubbock and Amarillo, TX and take the next step to plan for your family’s future today with a quality life insurance policy.

Is it EVER Legal To Drive Without Insurance?

You don’t have insurance… so how can you drive to the agency to get insurance?

Well, the good news is that you can buy insurance from companies like Nest Insurance Agency in Lubbock and Amarillo, TX without even leaving your home. But if you’re wondering if there are any exceptions to the law with regards to driving without insurance, the answer is nope. If you’re on the road, you need to be insured in all fifty states.

You’re not going to wind up in jail for driving without insurance. That might be a charge that you get hit with if you cause a serious accident, but generally, you’re going to walk away with a fine if you get caught. If you’re a repeat offender and you can’t pay your tickets, you might spend a few nights behind bars for that, but getting locked up for a first-time offense of driving without coverage is pretty rare. We don’t advise it under any circumstance, but you’re probably not looking at a criminal record even if you do cause a fender bender while behind the wheel without coverage.

More than just being illegal, it’s unwise to drive without insurance. If something happens, you don’t want to have to pay out of pocket for the damages. If you contact Nest Insurance Agency, you’ll find that buying insurance for your auto can be an easy, headache-free affair, and it may be more affordable than you think, so there’s really no reason to drive your vehicle without insurance in Lubbock or Amarillo, TX under any circumstances. Reach out to our agent to learn more about auto insurance.

What Does Commercial Insurance Cover?

When you are starting a new business, there are so many things to consider. Building your inventory, creating and executing a marketing strategy, creating a website…the list goes on and on. One important aspect of any new business venture is to have the appropriate commercial insurance coverage. Commercial insurance protects your business in many ways. First, it covers physical damage to the business’ building and inventory. It will also provide liability protection in the event of an accident on the property that results from negligent acts. Most policies will also provide medical payments for individuals who are injured at your business location. Lastly, there is liability protection for suits that arise from advertising related issues such as libel, slander, copyright infringement, etc. There are many aspects of commercial insurance coverage to consider. The team at Nest Insurance Agency are the professionals to work with to protect your business in the Amarillo, TX area.

The team at Nest Insurance Agency knows that you have a lot to deal with when your business is starting out. They will spend some time getting to know you and then direct you to the policies that best meet your corporate needs. For general information, visit our website then call or come by the offices for personal attention. Our agents work with businesses in the Lubbock and Amarillo, TX area, so they understand the needs of companies and the types of perils they most often face. 

Dealing with commercial insurance when you have so many demands on your time may be an item that gets less attention on your to-do list, but spending a little bit of time with a knowledgeable agent can be one of the best investments you make in protecting your growing company. Visit the website and then call or come by today!

Does My Neighborhood Impact My Homeowner’s Insurance?

When you go to buy a house in Lubbock or Amarillo, TX, one of the last things you are probably thinking about is how the neighborhood is going to impact your homeowner’s insurance. And even if you live in a really high-dollar neighborhood where all the homes cost hundreds of thousands of dollars, this doesn’t necessarily mean you are going to get a great rate on insurance. There are many factors that impact your insurance rate, with one of them being the crime rate in your neighborhood. At Nest Insurance Agency, we do all we can to help our clients understand how their neighborhood affects their homeowner’s insurance policies. 

High Crime Rates Are not Good for Insurance

If you move to a neighborhood that has a high amount of crime, such as one or more burglaries every month, then this is a good indicator to an insurance agency that your home has a high likelihood of getting broken into. Because of this, your insurance rate is probably going to be more than it would if you lived in a neighborhood with a low crime rate. 

Bodily Injuries Are not Good

Perhaps you’re moving to a neighborhood that is known to have a high number of bodily injury claims. This will also impact your insurance premiums in a negative way. Insurance companies consider these types of neighborhoods to be a high risk and in order to cover themselves for a likely payout, they increase your rate. 

If you would like to learn more about how moving to a new neighborhood could improve or hurt your homeowner’s insurance rate, please contact the Nest Insurance Agency serving the Lubbock and Amarillo, TX area today. 

Why classic cars need specialty insurance

Owning a classic car means being willing to spend a few extra dollars when you need to. Obviously buying a classic might cost a little more than buying some factory made Ford or Honda off the lot. Even if you get a good deal on the car, fixing it up is going to run you a few extra bucks. Maintenance costs more since they don’t even make some of these parts anymore, so you can’t find them at the Amarillo, TX AutoZone. Nest Insurance Agency can help you protect your classic car from a variety of risks with our classic car insurance policies. We can find the parts for you so you don’t have to.

Older cars are typically cheaper to insure in general simply because of their bluebook value, but classic cars are often an exception. Perhaps the main thing driving up insurance costs for classic cars is that they are popular targets for thieves. Common wisdom suggests that this would not be the case because it’s hard to get away with reselling a stolen car when it’s actually a rare model, and its owner is going to be looking for it. But most car thieves just take the auto for a joyride and dump it. Another reason is that a classic car might not have all of the safety features as a newer car, so outfitting your classic with airbags and a rearview camera can help you in the long run.

Insuring a classic in Lubbock or Amarillo, TX doesn’t have to be expensive, though. Nest Insurance Agency can help you to get a good deal on your coverage. Reach out to our agents for more information.

The Misunderstood Insurance – Umbrella Insurance

You’ve probably heard of liability insurance, but umbrella insurance is more than just a standard liability insurance policy. This extra liability insurance protects you and your assets in the event of a major claim or lawsuit. Umbrella insurance can help protect your assets as well as your future and is available from Nest Insurance Agency in Lubbock and Amarillo, TX.

What’s Covered Under an Umbrella Insurance Policy?

An umbrella insurance policy covers you from injuries and property damage. It’s also beneficial in certain lawsuits and personal liability situations. For instance, it covers you in the event of a bodily injury liability claim, which is when there’s damage to another person’s body. It covers medical expenses in the event you’re in an auto accident which causes bodily harm to another person. It includes if your dog should hurt someone or if someone gets injured on your property as a result of a someone falling in your home. Umbrella insurance could come into play if a child is playing and sustains an injury. 

Examples of What’s Covered Under an Umbrella Insurance Policy 

If you damaged another vehicle or someone’s property during a car accident, you could find yourself exceeding the limits of your standard policy, which is when an umbrella policy comes in handy. Let’s say your dog damages your friend’s property. If you don’t have enough insurance to cover the price of the damage, you can use your umbrella policy to cover it. If you own property that you rent, you could use your umbrella policy to cover the cost of liability or even your tenant’s dog biting someone who walks onto your property, if they don’t have a policy of their own.

Other potential uses for an umbrella policy, include slander, libel, false arrest or imprisonment, or malicious prosecution. Shock or mental anguish is also covered. 

If you would like to discuss opening an umbrella policy, contact Nest Insurance Agency in Lubbock and Amarillo, TX by calling 806-476-2580 for a quote. 

Have Kids? Then You Need Life Insurance to Make Sure They are Protected!

Life insurance is not the sort of thing that gets a warm welcome as soon as it is mentioned. It doesn’t quite have the same appeal as, say, Girl Scout cookies or a trip to Disneyland. Instead, as soon as the term is spoken, people think of the inevitable and want to change the subject. However, the unexpected does happen on a regular basis, and a lack of planning can really put a family in a lurch, especially when living on a single income.

This is where life insurance, properly set up, becomes a critical safety net in a family’s financial portfolio, ensuring that the long-term security of the family is taken care of. However, kids grow older, and what is needed for life insurance can change dramatically. The long-term coverage necessary with a new family and young children isn’t necessarily the same need when the kids are ready to move out of the house and support is needed to take care of a partner. Unfortunately, a simple term life insurance policy doesn’t give a family the flexibility to change as its needs for protection change over time.

This is where the Nest Insurance Agency can really help Amarillo and Lubbock, TX families. They have a wide assortment of policy tools available that can be tailored to both immediate and long-term needs, allowing families to shift their priorities over time. Families in Amarillo and Lubbock, TX are the same as everywhere else, they grow and change, and need different things over time. Let the Nest Insurance Agency help your family secure the right financial safety net for your needs today and throughout the future. There’s no need to settle with a generic life insurance tool that doesn’t change as your life changes over time.

6 Things You Need to Ask Your Auto Insurance Agent

Talking with an auto insurance agent at the Nest Insurance Agency in Lubbock or Amarillo, TX can help drivers choose what insurance policy they want and need for their vehicle. The selection of that policy is critical because it affects whether a driver is protected if they are in an accident, their car is stolen, or other problems come to light. Getting the right advice from a trusted insurance agent is a good way to have peace of mind, and to make sure your vehicle is not at risk.

Here are six questions to ask your insurance agent before choosing them or a policy they offer.

  1. Can you provide multiple quotes?
  2. What are the state requirements?
  3. How long have you been in business?
  4. Who do I call when I have questions?
  5. What happens if there is a problem after hours?
  6. What about changing the insurance coverage?

Never be afraid to ask your insurance agent these questions and more, so you feel comfortable choosing a policy from them. The final choice of policy is up to the driver, but understanding which policy is recommended and why is a great way to know more about insurance protection. By contacting Nest Insurance Agency, drivers in Lubbock and Amarillo, TX can focus on protecting their vehicles and feeling good about the level of coverage they have.

That way they are comfortable with the level of knowledge their insurance agent has and can work with them in choosing a policy that is going to be the right option. You do not have to just randomly pick a coverage or work with a faceless agent online when you can talk in person with a trusted agent who can guide you to the best policy for your needs.

Do I need insurance if my employees get hurt at work?

There is no doubt that your employees are the most important part of your business. They keep the place going, and contribute parts of their lives to make sure your company gets its work done. Unfortunately, there are times when your employees get injured or ill while in your employ, whether on your premises or while out on business for you. 

Because of liability laws, you are responsible for their well-being during those times. If their injuries occurred as a result of negligence, they need to be compensated for their injuries. It is important for them to receive appropriate medical care at no cost to themselves. If you do not provide this basic care, your employees can sue you in order to force you to pay for their damages.

You can explore various options for obtaining Worker’s Compensation Insurance at Nest Insurance Agency. Depending on your location and the size of your company, you may not be required to carry Worker’s Compensation Insurance. There are also special rules for contract work. However, you can still be sued to pay for any injuries or illnesses which occur while someone is in your employ. 

Your policy should cover potential injuries, lost wages, fees for temporary replacement workers, and even legal fees. Otherwise, you could end up being liable for all these damages without warning in the event of an accident. This kind of loss could seriously damage your business if you were not protected, leading to financial difficulties.

At  Nest Insurance Agency, we can help you compare various Worker’s Compensation Insurance policies so that your business is protected based on your own needs.

4 Reasons Why many Love Home Insurance

Owning a home is an important investment in life hence it should be protected at all costs. Having a quality home insurance policy from Nest Insurance Agency is therefore very essential and shows that you are a responsible homeowner. However, most homeowners are unaware of the benefits associated with this insurance policy. Below are four reasons why many residents of Lubbock and Amarillo, TX love home insurance.

1. Protection from risk of Fire

Notably, there are approximately 1.5 million cases of fire in the United States every year. This results in damage to property worth at least $14.3 billion according to National Fire Protection Association. According to research, the main cause of these fires is cooking. However, home insurance owners are always at peace of mind since this liability threat is covered by their insurance policy. As such, you should consider purchasing this policy.

2. Protection from Theft

According to FBI reports, an average of 1 million home invasions are reported every year leading to an approximate property loss of an estimated $2,296. Most of these burglaries occur between 10 a.m. and 3 p.m., a time when most people are at school or work. As such, it is tough to curb them. However, those with a home insurance policy do not have to worry about the safety of their property since all liabilities are covered.

3. Protection from things which fall from the sky

Because there is numerous plane crashes in the recent past, you will need a reliable home insurance coverage policy to help you repair the roof, and other parts of the house in case plane debris falls on your house.

4. Protection from Vandalism

Notably, acts of vandalism mostly occur at night whereby unruly crowds can throw objects at your home causing significant damage. Also, you might wake up to find graffiti drawn on your wall and therefore it would require repainting. For those residents of Lubbock and Amarillo, TX, having a quality home insurance policy from Nest Insurance Agency guarantees such liability claims will be catered for.