Lone Star Insurance Specialist

2509 Lakeview Dr
Amarillo, TX 77478

Commercial Insurance Protects Your Growing Business from Disaster

No one likes to contemplate it but damage from a fire, tornado or severe weather event could spell disaster for a growing company.  Commercial insurance is designed to protect businesses from a variety of threats.  In the Amarillo, TX area, the team at Lonestar Insurance Specialist works with companies to get the right coverage.

Commercial insurance is composed of three main policies:  property, workers compensation, and liability coverage.  Property insurance covers any buildings the company owns but it also covers equipment and inventory.  Liability coverage protects the company should a visitor to a corporate property be injured.  Not only will it cover their medical expenses, but if they sue and the company is found negligent, it will also cover legal expenses.  It also protects if the company becomes involved in a libel, slander or copyright infringement case.  Workers compensation provides medical coverage for any employee injured on the job.  Specialized auto policies can cover a corporate fleet.

Severe weather, fires, and tornadoes.  These are just a few of the disasters that can bring a halt to a business or production facility.  There are options available, though, to ensure that the company can recover quickly from these events.  Basic commercial insurance is a must but there are also more specialized policies that business owners may want to consider.  One of these is business interruption coverage that will help a company affected by disaster to survive a period where they are unable to conduct business.  This can help them recover more quickly.

In the Amarillo, TX area, the team at Lonestar Insurance Specialist helps companies get the coverage they need to survive any disaster that comes their way.  Visit the website then come in to learn more.  Every company needs the protection that quality insurance provides.

Is A Life Insurance Policy All I Need to Protect My Kids’ Future If I Pass Away?

Protecting your children’s future if the unthinkable were to happen isn’t a pleasant topic of conversation. It is extremely important, however, and needs to be addressed to ensure that your children have everything they need if something did eventually happen. The agents at Lonestar Insurance Specialist serve residents living in the Amarillo, TX area. They assist their clients in making sound decisions when it comes to life insurance and how to make sure your children are taken care of.

Designate A Trusted Administrator

Because you are dealing with minor children, you will need to designate a trusted administrator to manage the funds dispersed through your life insurance policy. While the money is beneficial, you need to ensure that it is spent wisely in ways that maintain the child’s quality of life. In some cases, it may be best to hire an attorney as the administrator so that everyone’s best interests are protected.

Create A Trust

Using the funds provided by your life insurance policy, have a trust created for each child. The funds can then be dispersed as college tuition, monthly installments or lump sums when the child reaches specific milestones, such as getting married or turning 21.

If you live in the Amarillo, TX area and want to learn more about the various ways you can use your life insurance to secure your children’s future, call and talk to the agents of Lonestar Insurance Specialist. They have the answers to all your questions and can help you create the perfect policy to help protect your children’s future. You are encouraged to call or visit the office whenever you want to learn more.

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.

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.

  

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.

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. 

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.

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.

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. 

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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