What Is Umbrella Insurance?

Having an insurance policy doesn’t always mean that you have the coverage you need when you need it. Liability coverage can be expensive, and many home and auto policies don’t include much of it. When you don’t have enough liability coverage, you often end up paying an overage when your home or auto insurance doesn’t pay enough toward the medical bills. With umbrella insurance, you can change this. If you want an umbrella policy, call us at Integrity Advisors Agency LLC (Stephen Reese) in San Antonio, TX.

More Liability

If you were to go to both your home and auto policies and add liability coverage directly to them, this can be prohibitively expensive. That’s why too many people simply don’t have enough of this coverage. However, getting an umbrella policy remedies this situation. Umbrella policies are very large, and they come with a small price tag. They are much more affordable for getting more liability coverage than changing the home and auto policies themselves. 

Applying Umbrella Insurance

When you have an umbrella insurance policy, it works along with the home and auto policies that you have. After an accident with injuries has happened, the home or auto policy will assess the medical bills and pay for them up to their maximum payout. When there are bills left over after that, umbrella insurance comes in to pay the rest. And because umbrella policies have such large maximums, it is highly unlikely that there would be any overage after it has paid out. 

Get More Liability Protection

If you want to be better protected in case of accidents, it’s a smart idea to get an umbrella policy. It can give you better peace of mind when you know that you have the protection you need. Contact us at Integrity Advisors Agency LLC (Stephen Reese) in San Antonio, TX.

5 Reasons to Invest in RV Insurance

Recreational vehicles are exciting but come with a lot of responsibilities. While maintaining your vehicle and being careful on the road is essential in your RV ownership journey, never forget to purchase RV insurance from Integrity Advisors Agency LLC. Whether you are a seasoned RV owner or a first-time owner in San Antonio, TX, here are the five reasons you need to invest in RV insurance.

To protect your asset.

Whether you own a motorhome, camper van, or travel trailer, these vehicles don’t come cheap. So, it makes sense to invest in insurance coverage that compensates you when your car is damaged or stolen. Invest in RV insurance to protect your vehicle against theft, accidents, vandalism, fire, and other risks listed in your policy.

It’s mandatory

If your RV is motorized (has an engine), it’s categorized as a vehicle, and you must invest in RV insurance in Texas. Otherwise, failure to carry RV insurance may expose you to numerous fines and penalties. Plus, if a financial institution finances your RV, they may require you to invest in RV insurance.

Liability protection

It only takes a slight mishap on the road for accidents to occur. Unfortunately, if you are at fault for the accident, the ensuing liability claims can easily ruin your finances. However, this isn’t the case with RV insurance since it covers liability claims.

Medical protection

RV insurance covers the medical bills for you and your passengers when involved in an accident. And the best part? It doesn’t matter who was at fault for the accident.

For peace of mind

Want to enjoy your RV to the maximum? You must invest in RV insurance. This coverage protects you and your vehicle, keeping you worry-free whether on the road or when your RV is parked in the garage or driveway.

If you need RV insurance today in San Antonio, TX, you had better speak to Integrity Advisors Agency LLC for comprehensive yet affordable coverage.

Popular Misinformation Regarding Life Insurance Policies

Integrity Advisors Agency LLC (Stephen Reese) serves the San Antonio, TX community. We are committed to helping our clients find the coverage they need to protect their assets. Providing excellent customer service is a priority. We offer our clients a wide selection of policies so that they can find a policy that aligns with their situation.

Popular Misinformation Regarding Life Insurance

Life is often unpredictable. Sometimes an issue arises that you aren’t prepared for. That’s why it is important to have a safety net in place. Life insurance covers your loved ones if you pass away unexpectedly. Talking about your death may be uncomfortable to think about, but life insurance is an asset. The policy can help your loved ones settle your affairs and move forward with the grieving process. Term life and permanent life are the most common types of life insurance. Term life provides coverage during a specified time frame. Most term life policies are active for 20 years. Permanent life insurance policies provide coverage throughout your entire lifespan. While looking over life insurance policies, avoid some of the common misinformation that’s out there.

I Don’t Need Coverage Because I’m Not Married

Even if you’re single, life insurance is an asset. The policy helps cover your funeral arrangements and settle your personal affairs.

I Can Rely On My Group Life Insurance Policy

If you have life insurance coverage through your San Antonio, TX employer that may not be enough if things in your life change. If you get married or have children, having your own life insurance policy provides benefits that group policies don’t.

Integrity Advisors Agency LLC (Stephen Reese) Will Help You Cover Your Assets

Visit our website to learn more information about life insurance.  

Diversity of Commercial Insurance Policies

Opening a business means you’ll need commercial insurance. What kind of business you open decides which of the more than 20 types of commercial insurance offered by Integrity Advisors Agency LLC (Stephen Reese) your business needs. We’ll also cover how to determine which ones you need for your San Antonio, TX business.

Starting with a business owners’ policy (BOP) makes the most sense. A BOP provides the four most commonly required types of policies – business interruption, liability, property damage, and perils. You can add any type of coverage to a BOP.
Let’s say you own a dry cleaning business. You need a BOP for its four types of insurance, but you also need inland marine insurance because you take possession of individuals’ clothing and houseware items for cleaning and storage plus commercial auto insurance.

Conversely, the dentist two doors down from your business need malpractice and errors and omissions coverage added to her BOP. The owner of the building in which both of you lease office space needs commercial dwelling insurance and an umbrella policy for enhanced liability coverage.

Not only does each different kind of business need a different combination of policies, but each business within that business category or industry will have custom needs. Some may lease in a building with a boiler, requiring a boiler policy, while another might office in a building with many plate glass windows, which would require glass insurance. Their main competitor might have interior offices that have no windows, so they could skip adding that policy.

The BOP forms the foundation of most commercial business policies, but your business’ operation’s needs and peril threats will determine what you add to it.

Contact Integrity Advisors Agency LLC (Stephen Reese) serving San Antonio, TX for a custom consultation today. Let us help you protect your business endeavors.

The Three Main Types of Life Insurance Explained

There are many reasons to have a life insurance policy in place, including the peace of mind that comes from knowing that your family is financially stable if you pass away. The life insurance agents at the Integrity Advisors Agency LLC (Stephen Reese) in San Antonio, TX want you to know more about the three main types of life insurance that are available for you and your family.

Types of Life Insurance Policies

There are three main types of life insurance policies available for you to choose from depending on your situation.

Universal Life Insurance

By far, the most popular life insurance policy option for many people it’s called a universal life insurance policy. With this type of policy, you can actually borrow money from it while you are still living. This means that you can pay up many of your large debts before you pass away which will leave your family in a much better financial position. You can even pay off your mortgage which means your spouse and children can remain in their home even if you are the main breadwinner.

Term Life Insurance

A term life insurance policy will only be paid out if you die during the term that the policy is in effect. You can get a term life insurance policy for one year, 30 years, or even longer. The length of the term is determined by you. Keep in mind, though, that once the term expires, you will have to renew the policy with a new term and that could possibly cost you more money when it comes to the premiums.

Whole Life Insurance

A whole life insurance policy, also known as a permanent insurance policy, will pay out a death benefit when you pass away and does not have a set term. There are three main types of whole life insurance policies that you can purchase, including universal life, traditional whole life, and variable universal life.

To determine which type of life insurance policy is best for you and your situation as well as your loved ones, contact the life insurance agents at the Integrity Advisors Agency LLC (Stephen Reese) in San Antonio, TX today!

Texas Commercial Insurance: Why You Need Cybersecurity Insurance

Commercial insurance is insurance that you get to protect your assets in business. That could include a number of elements of your business. However, cybersecurity insurance is something that you may want to consider as an important component of your commercial insurance policy.

At Integrity Advisors Agency LLC (Stephen Reese), we want San Antonio, TX business owners to have the most thorough insurance policy possible. 

Learn more about why you might need cybersecurity insurance here.

Why is Cybersecurity Insurance Important?

There are ransomware and malware attacks happening in the United States, and San Antonio TX every day. In the country overall cyberattacks happen by the thousands every day.

When your business is down due to a cybersecurity incident, you face the possibility of losing thousands. You could even shut down entirely and permanently.

In addition to experiencing business interruption, you expose your data and all of your client’s data to the cyber threats of the world.

What Does Cybersecurity Insurance Cover?

Cybersecurity insurance covers your losses when your business is down as a result of a cyberattack. It can cover your operating costs, including payroll, maintenance, utility costs, and property costs when your business goes down. It can also cover the costs of repair if you lose any infrastructure as a result of your cyberattack.

Get a Quote

When you have a commercial business in San Antonio, TX, you want to be sure that it is protected against every possible risk. The risk of cyberattacks is real in America, and in Texas. At Integrity Advisors Agency LLC (Stephen Reese), we want you to be covered for every risk, seen and unseen. Call us for a quote today.

Does Flood Insurance Handle Liability Needs?

Are you afraid of liability concerns affecting you during a flood and aren’t sure what kind of help you can get here? Integrity Advisors Agency LLC (Stephen Reese) can help San Antonio, TX, residents understand their flood insurance situation and protect them from serious problems.

What Your Flood Insurance Does Cover 

Your flood insurance is designed to protect items in your home and throughout its overall structure. For example, if a flood destroys things like your heater, air conditioners, refrigerators, televisions, carpeting, windows, paneling, wallboard, and much more, your policy will protect you. 

As for liability issues, that’s a more complex situation. Typically, if someone is injured in your home due to the flood, your policy won’t help to cover their treatment. That’s because it is a type of goods policy and not one that handles liability needs. But what happens if they’re injured due to your mistake? 

For example, let’s say that someone is injured in your home during a flood when a floor collapses. If the cause of the collapse was your negligence in repairing the floor before the flood, you might be liable for their medical treatments and other types of lawsuit situations. 

In this situation, you may need to work with your home insurance company to get the results that you need. This type of policy works to help protect you from a myriad of problems and will cover you if you are negligent and cause harm to somebody and gets sued in a lawsuit. 

Help is Here for You 

If you’re worried about the dangers of flood insurance and want a policy that helps you, please contact us at Integrity Advisors Agency LLC (Stephen Reese) right away to learn more. Our team serves the San Antonio, TX, area and will do whatever it takes to give you the help you need here.

What Are Some RV Insurance Terms?

Buying RV insurance can feel overwhelming when you keep running into these terms and do not understand them. It has also led to most people buying inadequate cover or buying the wrong policy due to misunderstanding. To help you understand, Integrity Advisors Agency LLC (Stephen Reese), serving the great people in San Antonio, TX, takes you through some basic terms you should know when buying RV insurance.

Liability Coverage

It provides cover for your assets when you get into an accident where you are at fault and you end up injuring someone or damaging their property.

Injury Liability

If you are found responsible for an accident where someone gets injured, this liability helps cover medical bills, lost wages, and compensation for pain and suffering.

Property Damage Liability  

This refers to a scenario where your RV causes damage to someone’s property. This liability helps cover the resulting repair or replacing costs.

Collision Coverage

It pays for damages to your RV resulting from a collision.

Comprehensive Coverage

This covers damage to your RV caused by anything else other than a collision. This includes fire, theft, flooding, and vandalism.

Medical Payment Coverage

It pays for the medical expenses for you and your passengers after your RV gets into an accident, despite who was at fault.

Personal Injury Protection

Helps cover medical expenses regardless of the person at fault in the accident. It can also cover lost wages for the affected party.

Underinsured Coverage

You can get into an accident with a driver who carries inadequate insurance and cannot cover all your resulting expenses. Uninsured coverage will help cover those expenses, preventing you from making a loss.

Uninsured Coverage

It is possible that you get into an accident with someone who lacks insurance. Uninsured coverage helps pay for those resulting expenses.

Understanding these terms will come in handy when you finally decide to purchase life insurance. Here at Integrity Advisors Agency LLC (Stephen Reese), we are ready to help you understand any terms you find too difficult. Residents of San Antonio, TX, can feel free to reach us for any kind of assistance.

How Does Umbrella Insurance Protect Someone?

Whereas every individual earning a livelihood in San Antonio, TX needs umbrella insurance; you might be wondering whether this insurance is a necessity. To make it clear, Integrity Advisors Agency LLC (Stephen Reese) explains how umbrella insurance protects you.

How does umbrella insurance protect me?

Umbrella insurance refers to extra liability coverage that steps in when your other insurance coverages are depleted. It’s meant to cover things such as:

  • Bodily injuries: If you are the one to blame for an event that caused physical injuries to others, your umbrella insurance pays for the treatment costs. It also protects you against lawsuits.
  • Property damage liability: If you harm or destroy another individual’s tangible property, your umbrella insurance cover will step into your rescue.
  • Landlord’s liability: As a landlord, you need umbrella insurance to protect your investment. You can be sued for various reasons. For example, when someone falls while on your property and sustains injuries, or your dog biting a tenant.
  • Slander or libel: If you make alleged malicious information about other people, they can sue you. In such cases, only umbrella insurance can help.

Who needs umbrella insurance the most in San Antonio, TX?

While most people need umbrella insurance, persons in the below categories need it most since the risk of being sued is high. You should purchase umbrella insurance if:

  • You are a landlord
  • You coach kids
  • You own significant assets
  • You hold a reputable position in an organization or society at large
  • You host parties frequently at your residence
  • You take part in a sport that can cause injuries to others 
  • If you own dogs or other animals that can cause harm

With the above information, it’s easy to decide whether you need umbrella insurance. If you feel it’s for you, don’t hesitate to reach out to Integrity Advisors Agency LLC (Stephen Reese) for further help. 

Life Insurance From Your Employer Is Not Always Enough

Millions of American workers receive life insurance as part of their employee benefits package. This type of life insurance is a form of group life insurance that costs very little to have. This form of life insurance is available to employees in San Antonio, TX, regardless of their current health status. Though there are benefits to receiving life insurance from your employer, the coverage may not be enough. 

The experts at Integrity Advisors Agency LLC (Stephen Reese) can help answer questions about life insurance and share additional information to give you the benefits you need.  

Benefits of Employer Life Insurance

As mentioned above, the most significant benefit of receiving life insurance through an employer is that you can obtain it regardless of current medical conditions. It is also very affordable, often costing only a few dollars per month. This form of life insurance is also very convenient, eliminating the need for a medical exam or seeking multiple quotes. 

Downsides of Employer Life Insurance

In most cases, employer life insurance does not provide enough money when it is needed. In most cases, people need more than a few years of their annual salary in benefits to ensure their family’s financial future is secure. This reason alone shows that life insurance from an employer is often not enough. 

Supplemental Coverage

Though you can get supplemental coverage from your employer, these policies can be more expensive than buying a life insurance policy on your own. Additionally, these policies still may not offer enough benefits when needed. 

When signing up for employer life insurance in San Antonio, TX, keep in mind that you may need to seek a supplemental policy. Additionally, your employer can cancel the life insurance option at any time, leaving your family with no policy at all. Call us today at Integrity Advisors Agency LLC (Stephen Reese) to discuss different life insurance options, which offer you and your family the best benefits.