Flor & Associates Insurance Agency

El Paso Texas Insurance Agent Flor & Associates Insurance

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Truck Insurance Renewal Tips

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Truck Insurance is a vital part of being a trucker and is as essential as diesel is to a truck! The law states that you are unable to operate a truck at all that is not covered by insurance, so it doesn’t hurt to learn about what you will need to have come renewal time in order for it to go smoothly!

First and foremost, if you do not renew due to late or non-payment, it will hurt your ability to find coverage during renewal—which you may have to settle for a company that you do not prefer at that point! Always be sure to keep up with your payments!

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Second, take note of the methods that you get around in your truck, if you travel  without a trailer regularly you should consider Bobtail Insurance, or if you live in an area that is prone to natural disasters you could get Physical Damage insurance to cover any costs that you might run into due to a fire or even vandalism!

Third, let your agent know about any life changes that you have, such as getting married, getting divorced, or any difference in your family situation. Sometimes these changes can cause your pricing to go higher or lower depending on the situation, but either way it is always good to know that you are getting the right coverage for the right price!

Life Insurance is Love Insurance

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People usually buy themselves life insurance for the benefit of people that they love and want to provide a secure future for, it’s like writing a love letter from beyond the grave for someone you love—the ultimate love letter. 

When you love someone, you want to move mountains for them while you’re alive, and it makes sense that you would still want to move mountains for your loved ones when you have passed on to the other side, Life Insurance can help do that. Life Insurance can provide security for those that you love so that if anything happens, you can rest assured that money is the last of their concerns when dealing with your death. It isn’t ever an easy subject to think about, but it’s a necessity to do so when it comes to those closest to your heart.  

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You never want to leave those you love having to pay your left behind debts, or picking up the pieces if you were their only provider, so you should always ensure that those that you love are covered if something were to happen to you with Life Insurance!

How Much Life Insurance Do You Need?

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question-mark-2492009_960_720This can be a tricky question, but there are a couple of ways to go about finding the right amount that you need without wanting to pull your hair out!

You can calculate how much you need and base the question on what kind of financial picture you find yourself in now, and what kinds of financial milestones will you want to cover. This can be a useful method if you have children or are a meticulous person— but I know that some of us would like a more simple method.

A more elegant solution to this question is just buying coverage equal 5 to 10 times your annual salary, so if you make $60,000 per year you’ll want to have a policy of $300,000 to $600,000 depending on how much of a premium you’d like to pay per month. money-1885540_960_720

Using either of these methods, anyone establish the amount that they think their family will need in the event of their passing. You can include things like college tuition, ability to pay estate taxes, and even other expenses like a first car for a child or grandchild— just be sure to calculate it in before making your decision!