Lone Star Insurance Specialist

2509 Lakeview Dr
Amarillo, TX 77478

Common myths about classic car insurance

Having auto insurance is a legal requirement in Amarillo, TX irrespective of the type of car you are driving. However, with owning a classic car comes the essentiality of classic car insurance. Depending on the value and the rarity of the vehicle, such cars require special car insurance as they are more likely to get lots of attention from thieves. But don’t worry, at Lonestar Insurance Specialist, we will let you know why some of the common myths surrounding the classic car insurance.

1. The more expensive the car, the more expensive the classic car insurance

This myth may have come to your mind automatically, or you may have heard that the more expensive the car, the more expensive the maintenance and so is the insurance. However, this is not the case. Classic car insurance can virtually be more economical than standard insurance.

2. It is okay to insure a classic car using the basic auto insurance

Well, this myth is only valid if the owner is unconcerned about the car–which wouldn’t be the case with a classic car owner. We already mentioned that standard auto insurance could turn out to be more expensive than classic car policy. A basic policy will only pay the value of the car based on the insurance limit, while classic policy typically pays based on what was agreed. Classic policies also offer broader coverages than basic auto policies. Therefore, your pricey car is well-covered in all aspects.

3. Classic car policies are very affordable; they must be inferior.

This may not sound like a myth, but unfortunately, it is. Classic car insurance policies are affordable for one fundamental reason; that these cars are rarely stolen than popular vehicles as they are seldom on the roads, so the chances of a claim are meager.

Are you a classic car owner looking to find more information about classic car insurance? Lonestar Insurance Specialist in Amarillo, TX is here for you. Feel free to drop by, and we will help you with all your insurance needs.

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Why You Need Renter’s Insurance

If you’re renting a home, you need insurance to protect your valuables. Your landlord’s insurance protects his investment, not your personal goods. A renter’s insurance policy from Lonestar Insurance Specialist in Amarillo, TX will protect your personal goods from theft or damage due to fire, storm, vandalism or other perils covered in your policy. If the house or apartment you’re renting catches fire and destroys your belongings, your renter’s property coverage will cover your loss. Here’s how you can benefit from a renter’s insurance policy.

Protection of Personal Property

If you’re like most people, you’ve probably accrued quite a bit of goods over the years. When you add up the total cost of these goods, it can come to a substantial amount of money. Electronics alone can be a costly investment.

Renter’s property insurance will protect your goods against theft, vandalism, fire, storm damage and other covered perils. By getting replacement cost coverage, we’ll cover the cost of replacing your goods if they’re stolen or destroyed in a covered disaster. This could save you thousands of dollars in replacing these goods on your own.

Liability Protection

Liability coverage protects you against accidents that guests may have when visiting your property. You never know when accidents will happen. If a visitor accidentally falls down the stairs during a party and breaks his arm, your liability coverage will cover his medical costs.

Liability also covers damages to visitors’ property such as a laptop or cellphone when on your property. If a guest sues you for damages due to an accident, liability insurance pays your legal costs, so you don’t have to dip into your savings to cover these expenses. In this way, renter’s insurance protects your interests when you rent a home, condo or apartment.

To learn more about renter’s insurance options and costs, contact your Lonestar Insurance Specialist agent in Amarillo, TX.

  

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What is covered by motor home insurance?

A motor home is part home away from home when you go on vacation and part vehicle to get you to where you want to go. So what exactly is covered by motor home insurance? Lonestar Insurance Specialist, serving Amarillo, TX has some answers.

As with an automobile, you will need liability insurance to cover damages that take place if your motor home causes an accident on the road. In addition, you can buy collision insurance to repair your motor home if it is involved in an accident and comprehensive insurance if it suffers damage off the road, say from vandalism, fire or fallen debris, or is stolen. A policy may also include such costs as free towing and a rental car if your motor home is damaged or breaks down on the road.

If your motor home is also your primary residence, your insurance policy will take on some aspects of home insurance, with higher liability and so on. Whether you live in your motor home full time or just during your vacation, you are likely to have more of your possessions in it than in other vehicles; thus, a motor home insurance policy will likely cover the loss or destruction of those, as well. Covered possessions could include camping equipment, clothing, electronic equipment, and consumables, such as food and drink.

If an accident causes extensive medical injuries, a motor home insurance policy should include coverage up to a limit after which you may be required to pay out of pocket.

For any questions regarding motor home insurance feel free to contact Lonestar Insurance Specialist, serving Amarillo, TX.

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Why do I need to have RV Insurance?

For people in the Amarillo, TX area, taking a vacation and seeing the country can be a dream come true. One of the best ways to do this is by driving your very own RV that will give you a comfortable mode of transportation and a place to sleep during your journey. When you do have an RV, it is critical that you keep it properly protected by insurance. There are several reasons why you need to have insurance on your RV.

Legal Requirement

One of the main reasons why you need to have RV insurance is that it will allow you to comply with the legal requirements. All drivers of an RV will be required to carry RV insurance with a liability insurance policy. This part of the RV insurance policy will provide financial protection in the event you are found to be at fault in an accident.

Protects Your Asset

When you purchase an RV, you are buying a very significant asset that needs to be adequately protected. When you get an RV, it would be a good idea to get an RV insurance policy that will provide you with collision and comprehensive coverage. These types of coverage will provide you protection against a wide variety of losses including accident damage, theft, or vandalism. This type of RV insurance coverage is normally a requirement to have if you took out a loan to buy the vehicle. 

If you are shopping for insurance for your RV, you should speak with the team at Lonestar Insurance Specialist. The insurance professionals at Lonestar Insurance Specialist can help a Amarillo, TX RV owner better understand their insurance needs. We can then help anyone find the policy that provides the protection that they need. 

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Motorcycle Insurance – It’s a Bit Like Your Helmet

Motorcyclists will be quick to tell you about all the aspects of riding what they love. They might also all say the same thing if you asked them what it was about riding that they didn’t like, things like other drivers and helmets. While smart and responsible riders never ride without one, that doesn’t mean that they have to love it. Motorcycle insurance is a bit like that helmet.

More than Safety

Motorcycle insurance is about more than being safe; it is also the law. Riders in Amarillo, TX understand how vital safety on two wheels is and so do the agents at Lonestar Insurance Specialist. There is a reason for helmets, and there is a reason for insurance, and for motorcyclists, the reasons are the same. We don’t ever plan on getting into an accident, but if we do, a rider has no greater protection than their helmet. The second most important thing a motorcyclist needs is insurance because just like that helmet, we don’t plan on having an accident but we will be glad we have insurance if we ever do.

If you are ready to hit the open road and explore Texas like many of our Amarillo, TX riders, make sure you wear a helmet and make certain that you are riding safely and legally with the right motorcycle insurance. At Lonestar Insurance Specialist, we will make sure you have at least the minimum insurance required by the law and a coverage plan to help keep you protected on the open road.

Contact us today if you have questions about minimum insurance requirements or if you want to know more about motorcycle insurance. Being responsible and smart isn’t always fun, but much like your helmet, it is always the right thing to do.

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Does Boat Insurance Cover Vandalism

Your boat is a considerable investment, and without proper insurance to protect it, your investment may be vulnerable. That being said, your boat insurance policy does cover quite a bit more than you might imagine. If you live in the Canyon or Amarillo, TX area, the agents with Lonestar Insurance Specialist may be able to help you find the policy that is going to work for you and your boat.

For the most part, your boat insurance is going to be in place to protect the boat itself as well as any people that may be on the boat or that might be involved in an accident with your boat. This is to insure your vessel and your passengers as well as those that may be near you or involved in an accident with the boat. Your insurance may cover other things like vandalism to your boat to a certain extent. If you dock your boat, you may be able to use the insurance from the dock to help pay for vandalism. You always want to check with your agent to see if your policy covers any specific vandalism.

In most cases, if you have your boat at home, you are going to be able to claim any vandalism on your home insurance as it will be covered on your policy as part of your property. You can claim vandalism on your boat insurance policy if it is named in the policy that it does cover it. This is going to allow you to help pay for repairs that are associated with vandalism that may occur. For those that live in the Canyon or Amarillo, TX area, the agents with Lonestar Insurance Specialist can help you find a policy that is going to fit your needs and work with your boat and your circumstances. Contact our offices to speak with an agent and learn more.

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When Will Umbrella Insurance Help Me?

Ensuring that you are properly covered by insurance is very important. When you are considering your personal insurance needs, one type of coverage to consider getting is umbrella insurance. An umbrella insurance policy is a general liability policy that will provide coverage on top of your home or auto policy. This type of coverage can help you a number of different ways when you buy a policy from Lonestar Insurance Specialist in Amarillo, TX.

Damages Exceeding Liability Coverage

The first situation in which umbrella insurance will help you is when the damages of an accident exceed your liability insurance in your home or auto policy. If you are found legally liable for an unfortunate accident, it is very possible that it could exhaust your base insurance policies. When this happens, you will want to have an umbrella insurance policy in place as it will work to provide you with additional liability insurance coverage. 

If you are a wealthy individual or public figure, your risk of being sued for a larger claim is even higher. Because of this, having the additional coverage in place could help to protect your assets. 

Certain Liability is Not Covered

Another situation in which you will be glad that you have liability insurance is when a specific type of liability is not covered. Your home and auto insurance policies will provide you with a good level of coverage. However, they do not necessarily include all potential types of liability. For example, if you are sued for slander or libel, it likely will not be covered under your standard home insurance policy. In this scenario, you will want to have umbrella insurance to handle this type of liability coverage. 

When you are shopping for umbrella insurance in the Canyon or Amarillo, TX area, you should speak with Lonestar Insurance Specialist. Our insurance professionals will be able to explain your options and ensure that you find a great policy. 

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Who Can Benefit from Life Insurance?

Many people have the idea that life insurance is primarily for families. The truth is that most anyone can benefit from what life insurance has to offer. Proceeds from a life insurance policy can be used in numerous ways to help singles, couples, and families in Amarillo, TX adjust to a loved one’s demise.

Singles

As a single, you may have aging parents that you are supporting in retirement or a sibling that you’re helping to put through college. If you were to die suddenly, your loved one(s) could continue receiving this financial help via proceeds from your life insurance policy.

If your parents co-signed a student loan for you, life proceeds could pay this off, so your parents aren’t held liable for this debt. If you’re in business with a partner, benefits can cover your share of finances after you’re gone so that the business can continue.  

Couples

In the case of couples without children, the primary breadwinner or both can take out life insurance from Lonestar Insurance Specialist and name the remaining spouse as the beneficiary so he or she will have financial support after the other is gone. Life proceeds can be used to pay off debts or provide funds for daily living, giving your spouse time to plan for the future.

Families

Life insurance can provide financial security for couples with children, particularly if the policyholder is the primary breadwinner of the family. By naming your spouse and children as beneficiaries, you give them financial stability to carry on after your demise. Life benefits can be used toward paying off a mortgage, car loan, personal needs for your children, kids’ education, and more. Proceeds can even go towards your funeral costs, so your family isn’t burdened with these costs.

To learn more about life insurance options and costs, contact Lonestar Insurance Specialist in Amarillo, TX.

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Drag Racing Can Worsen Your Auto Insurance Rate

Drag racing is a common pastime for many in Amarillo, TX but is a dangerous one. In fact, it can have a nasty effect on your car insurance if you aren’t too careful. That’s why we, at Lonestar Insurance Specialist, are breaking down what you need to know about this topic.

Insurance Does Not Cover Drag Racing

Drag racing – either competitively or something done for kicks on weekends – is considered a dangerous way to use your car. Therefore, most types of car insurance policies won’t cover it because they consider it as reckless behavior. As a result, you can expect your payments to increase.

Just as importantly, most providers may increase your interest rates if they find out that you have been drag racing at any time. This increase can be quite high and may make it difficult to pay your policy. Even worse, some providers may consider canceling your policy due to your dangerous and illegal behavior. 

Competitive Drag Racing My Require Specific Policies

However, if you perform legal drag racing on a track for cash and prizes, you can get what is known as competitive car insurance policies. These types kick in on any car that is used for competitive services and protects them from problems caused by these events.

Please note, though, that street racing without an appropriate license – and without control by racing authorities – is not covered by competitive insurance. These acts are illegal and will be treated as such by your insurance policy.

So if you plan on dragging and need high-quality insurance, please don’t hesitate to contact us at Lonestar Insurance Specialist. We are located near Amarillo, TX and serve it and the surrounding area by providing high-quality policies at reasonable prices.

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Protect Your Business With Commercial Insurance

Your business isn’t just your own livelihood but likely the livelihood of others. Due to this, it is critical to take care of it and to protect the business. Any number of issues may arise, many of which you cannot forecast. That is why it is important for you to invest in commercial insurance. If you have a business in or around the Amarillo, TX area, we have a Lonestar Insurance specialist who can work with you and your needs. 

Protect Your Equipment With Commercial Property Insurance

Commercial property insurance isn’t just for when you own the property. It is also essential for when you rent it. Chances are you have valuable equipment on hand. From screen presses for your t-shirt business to injection molding hardware for your manufacturing company you put a considerable amount of money into the production assets of your business. Commercial property insurance can protect you from theft. 

Worker’s Compensation Insurance

If you have others working for you, it is important to invest in worker’s compensation insurance. If anyone is injured while working for you, this insurance covers their medical bills and pays for their time away from work. Failure to have this kind of coverage may leave your business susceptible to potential lawsuits from your employee. Much like other forms of commercial insurance, worker’s compensation is designed to not only help your employee remain on their feet but to protect your business and your financial assets in times of crisis.

No matter the industry of your business, the size or how long you have remained in operation, we have a Lonestar Insurance specialist who can work with you in finding the right kind of coverage. So when operating around the greater Amarillo, TX area, our team is here for you. 

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