Many people avoid getting life insurance because they think it is too expensive or don’t understand how it works.

However, life insurance can be a vital part of your financial security, and you must understand what it entails. At Nest Insurance Agency in Amarillo, TX, we help you get answers to everyday life insurance questions.

What is life insurance?

Life insurance is an agreement or contract between the policyholder and the insurance company. The contract states that you’ll need to pay premiums to the insurance company so that they pay your beneficiaries a sum of money when you die. The money is known as death benefits and is usually paid in a lump sum upon death. 

What are the different types of life insurance?

There are two main types of life insurance: term life insurance and whole life insurance. Term life insurance provides coverage for a period of 10-30 years. Whole life insurance covers the policyholder for their entire life.

Do I need life insurance?

You should consider getting life insurance if you have dependents who need your financial support. Life insurance can be a crucial safety net if you are the breadwinner of your family and your death will cause financial hardship for your loved ones.

How much life insurance do I need?

The life insurance you need depends on factors such as your income, debts, dependents, and lifestyle. A life insurance calculator can give you an estimate of how much coverage you might need.

Where can I get a life insurance plan?

You can get life insurance through an insurance agent, financial planner, or directly from an insurance company.

Get the most secured life insurance plan from Nest Insurance Agency, serving the residents of Amarillo, TX. We offer life insurance plans that will suit your needs and budget. Visit us today to get started.

There are various ways to compare commercial insurance rates, whether you’re shopping for coverage for your business or buying commercial insurance for a business. You can go online, talk to a broker, or visit your nearest insurance agent. In most cases, you can also compare commercial insurance rates using a software program or a website. For guidance in Amarillo, TX, seek help from Nest Insurance Agency.

Best Deal for Commercial Insurance Rates 

Most insurance companies will provide a rate estimate over the phone, but receiving that estimate via an online broker will give you a much clearer picture of what different policies cost. Certain types of businesses are much more likely to experience a claim than others, such as food service establishments, bars, gyms, and hotels. 

The best way to get the best commercial insurance rates is to compare rates from different companies. You can do this by looking at online brokerages or by visiting your local insurance agency and asking for a quote. You can also try contacting different companies to see if they offer discounts for buying through a specific agency. 

Another way to get the best commercial insurance rates is by purchasing a policy through the government. Most people won’t be able to get the same government rate as you, but it is worth a try. When purchasing commercial insurance, comparing rates across different carriers is crucial to find the best fit for your business. 

You should also ask about discounts for bundling and multi-line policies. If your business is new, it may be hard to get coverage for high-risk ventures like restaurants or construction firms. However, by paying attention to the details of your application, you may still be able to find an insurer willing to take on your business.

Bottom Line 

Use online resources like Yelp or Angie’s List to research before you sign anything with a new company. Before signing up with a specific insurer, you should also check with your state’s Department of Insurance and any independent rating services that evaluate companies’ financial strength, claims handling procedures, and customer satisfaction rates. Discuss with Nest Insurance Agency if having inquiries in Amarillo, TX.

If you are a business owner in Lubbock or Amarillo, TX, and have questions about commercial and umbrella insurance, give the folks at Nest Insurance Agency a call today. We help our business community with all of their insurance needs. We look forward to working with you!

Umbrella insurance for Texas business owners

Having an umbrella insurance policy in place can help business owners fill any gaps in coverage that they might experience. This can occur if a significant, catastrophic loss exhausts their primary policy.

In the event that a primary policy’s maximum payout levels are reached, an umbrella policy will fill those gaps in liability coverage. When this coverage is in place, the company will benefit from having supplemental coverage in place exactly when they need it.

There is no reason not to expand your insurance protection as your company grows. With increased growth and success, your firm will likely also encounter an increase in risk and a higher probability of liability exposure. Building a stronger wall of protection around your assets is another key reason for an umbrella policy.

If you want to make sure that your company has the commercial insurance that will provide protection now and in the future, it’s time for a comprehensive review of your current insurance holdings. This can give you a clearer picture of your current level of protection and also shed light on any areas where there may be gaps in coverage. 

Find out more today

Lubbock and Amarillo, TX area business owners can rely on the folks at Nest Insurance Agency for all of their commercial insurance needs. If it’s time to add an umbrella policy to your commercial insurance portfolio, call our office today and schedule an appointment. We are here to serve your insurance needs. 

Amarillo, TX business owners can rely on Nest Insurance Agency for their commercial insurance needs. If it’s time for you to add umbrella insurance to your company’s insurance plan, call us today and learn more about the available options.

The importance of umbrella insurance for Texas business owners

When it comes to protecting your business from loss, there are enough worst-case scenarios to keep even the most prepared owner awake at night! If you want to do all that you can to ensure that your company has the coverage it needs, no matter what may happen in the future, umbrella insurance can help you rest easy.

We are all aware that primary insurance policies have limits, and once they are reached, the policy is considered extinguished or exhausted. That means that any loss above the limits will not be covered. Every situation is, of course, different, but having an umbrella policy in place can help protect your company if the coverage limits are exceeded.

Different types of company organization structures provide different protection. There are many scenarios where the company’s principals could become financially responsible for any uncovered damage. This is a nightmare scenario that all business owners hope to avoid!

It is at least worth the time and effort to learn more about the available umbrella insurance options and how your company can benefit. Having a complimentary policy can help you protect all of your hard work.

Reach out to us today

Nest Insurance Agency is the go-to insurance team for Amarillo, TX area businesses. Reach out to us today if you would like to find out more about the umbrella insurance policy options that are currently available.

If you are a resident in Lubbock or Amarillo, TX, or the surrounding area, you can rely on the folks at Nest Insurance Agency for all of your family’s insurance needs. We are here to help you provide the protection that your family needs. Give us a call today!

The many benefits of life insurance for your family

Having a family is one of life’s great joys, and it only makes sense that you will want to protect them. No one with young children wants to think about their untimely death or their spouse. Unfortunately, it is something that we all must prepare for. Even after we are gone, protecting our family can help them enjoy full and happy lives.

With a robust life insurance policy, your family can adjust to their new circumstances without having the added strain of financial hardship. Even if only one spouse works outside the home, having coverage for both parents is an excellent idea. If a spouse who is the primary caregiver has to return to work, expenses such as childcare will be considered.

Losing a parent is a challenging event for children. This can become even more stressful if there are financial worries. Moving out of the family home can create even more grief and upset. And if that move requires a change of school, the problems can become worse.

Now is a perfect time to put that protection in place. 

Call or stop by today!

Lubbock and Amarillo, TX families can rely on the team at Nest Insurance Agency. We are proud to serve the insurance needs of our wonderful community. If you would like to learn about the many benefits of life insurance, give our office a call today!

When you own a business you automatically take on a lot of risks. It’s unavoidable. How you deal with that potential risk is what matters. By having the right commercial insurance, you can provide your business with the best chance of being able to survive one of the many risks trying to take it down. At Nest Insurance Agency, we have been helping businesses in Amarillo, TX to identify what risks they face and the types of commercial insurance that will provide them with the best protection. 

Why do I need commercial property insurance when I am a renter?

Part of the coverage of commercial property insurance is for the physical structure,  but the rest is for the things that belong to you inside the structure. Different businesses will have different items that are covered but, basically, it will be what you need to do business. It can be raw materials, tools, electronics, office equipment, inventory, machinery, and more. 

What is a BOP?

A BOP is a business owner’s policy. It offers some things that all small and medium businesses need and makes it easier to have a customized commercial insurance policy. The basic things that it will include are:

• Commercial property insurance
• Commercial liability insurance
• Business interruption insurance

What is business interruption insurance? 

When your business is hit by a cover hazard you may not be able to generate any income. Just because you can’t make any money, your expenses will not decrease. You will still have bills and salaries to pay. This important coverage can make the difference between surviving and having to close your doors if it takes a while to get your business back up and running. 

Contact Nest Insurance Agency in Amarillo, TX to discuss your commercial insurance needs. Stop by our office or give us a call for a quote. 

Life insurance policies are meant to care for expenses that happen after you pass. Before you become a parent, your dependents are usually at most yourself and a spouse who might be financially independent. That makes life insurance a lower priority, so it’s likely you haven’t considered purchasing a policy until your responsibility started growing. Expecting parents in Amarillo, TX can contact Nest Insurance Agency to talk to a helpful voice, or you can keep reading ahead.

Should New Parents Buy or Increase Their Life Insurance?

If a parent passes away, the surviving family has to process their grief, care for a child, pay for any post-death expenses, and find a way to continue life as normal. Any one of these tasks is difficult on its own, but the combined weight is immense. By making sure your life insurance provides an adequate amount of financial help, you can at least reduce the size of three of those burdens.

Life Insurance for Your Child

While you were probably wondering if new parents should get more life insurance coverage for themselves to help their kids, you can also help them with a life insurance policy of their own. Since children are typically at less risk, policies that cover them offer incentives like building actual cash value on top of low premiums. The accumulated value can be passed onto your child when they’re older, so it doubles as a protection in a worst-case scenario and an investment into your child’s future.

Get the Right Life Insurance Policies for Your Family

Nest Insurance Agency can show you the available options so you can settle down in Amarillo, TX or your homestead of choice with the peace of mind that you’re taking the best possible care of your family’s present and future.

Even in a moseying city like Amarillo, TX, time keeps moving forward. A ten or twenty year term life insurance policy may have felt like it would last forever, but the end may be creeping on you faster than you think. This bit of advice from us at Nest Insurance Agency has information to help you decide whether or not to hang onto that policy before its time is up.

Is the Coverage Still Right for You?

Since life insurance policies last for decades, your situation may have dramatically changed since you got it. For example, a term life policy only meant to cover funeral expenses would be a poor fit if you added a spouse or children since then. Consider whether the existing policy could handle your family’s needs in a worst-case scenario.

What Will You Lose If You Don’t Renew Your Life Insurance?

Term life insurance has minimal long-term benefits, but one with a renewable clause can be refreshed as if you were still your younger self. Over many decades, you’ll save a lot of money. If you had a term life insurance policy without a renewable clause, then you will likely only lose the benefit of coverage if you don’t renew it.

Although you don’t have to renew it, you can still decide to cancel or alter a permanent life insurance policy, but terms and conditions will apply. These policies frequently have a number of additional incentives, like an accumulating cash value that turns your premium into additional cash over time. You’ll likely be able to withdraw the cash if you cancel, but there’s no guarantee without checking your existing policy.

Do You Need Help Determining If You Should Renew?

Insurance is full of so many technicalities that everyone needs an expert at their hip. Nest Insurance Agency can be that helpful deputy if you ring up the Amarillo, TX office on SW 34th Street.

If you have started a business in Amarillo, TX, you want to keep your costs at a minimum. As such, you may want to justify any cost that you incur in your business. In light of this, you may want to know whether it makes sense to invest in commercial insurance from Nest Insurance Agency.

If you are asking whether business insurance is worth it, please consider the below reasons.

It’s the law

Depending on your state, some aspects of commercial insurance may be mandatory for your business. For instance, in Texas, businesses must invest in commercial auto insurance for all commercial cars. Failure to purchase the required business coverages leads to non-compliance penalties and fines.

To protect you from lawsuits

When running a business, lawsuits can strike anywhere and anytime. You could be sued if an employee is injured when your product causes harm to a consumer, or after publishing a report deemed malicious.

Given the ubiquitous nature of litigations, you must invest in commercial insurance to protect your business from financial losses.

Protects your employees

Commercial insurance protects your most valuable assets — the employees — from accidents in the workplace. If you have no motivation to invest in business insurance, think about the safety of your employees.

To keep your business running

Did you know that one peril can grind your business to a halt? Yes, suppose a fire or an expensive legal suit strikes your business? The damage could be too severe for your business to survive. If you want your business to survive for many years to come, investing in business insurance is compulsory.

Boosts your credibility

Business insurance makes your business look reputable. As a result, suppliers and customers will want to do business with you because their interests are well-protected.

Invest in commercial insurance today!

Would you like to protect your Amarillo, TX business? Don’t hesitate to get in touch with Nest Insurance Agency for an affordable quote.  

Lawsuits are unexpected, and your underlying coverages may not cover their accrued expenses. Umbrella Insurance offers additional protection for injuries and accidents you’re sued or liable for. It is ideal for people with valuable assets or greater risk exposure. In Texas, insurance policies are made for rainy days, and when the rain turns into a storm, umbrella insurance will help protect what matters most. Nest Insurance Agency offers umbrella insurance services to residents of Amarillo, TX.

Umbrella Insurance in Texas

Often, you find yourself subject to an unexpected accident or legal claim. In Texas, juries are unpredictable, and as it costs nothing for a lawsuit to be initiated, defending yourself can get very costly. Umbrella insurance protects a variety of unanticipated mishaps and probable financial perils.

What is Covered in Texas’ Umbrella Insurance?

Umbrella insurance covers liability for different types of risks, excluding property losses and personal medical expenses. If you cause injuries during an accident or if someone is hurt on your property, don’t panic. This policy covers expenses for injuries and property damage in accidents you or your dependent causes. It also sums up other legal costs depending on your needs and the attorney.

The Costs of Umbrella Insurance in Texas

Compared to the amount of protection offered, umbrella insurance is a very affordable expense. The carrier provisions determine the insurance costs, the amount of coverage purchased, your driving record, and your risk profile. Mostly, these policies are purchased in increments, and they are inclusive of protection beyond and above basic insurance liability limits.

A Texas umbrella insurance policy offers higher coverage costs for minimum liability policies, which reduces probable liability exposure. It covers things that aren’t included under typical auto and home policies and helps pay for legal defense if you get sued.

In the litigious world we live in, Nest Insurance Agency is dedicated to providing the best line of defense in tough situations. We work with residents of Amarillo, TX to evaluate risks and assets that need protection. Contact us to choose a suitable umbrella insurance policy.