Farm and Ranch Insurance – Coverage for Freestanding Structures

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Does your farmland feature a silo, barns, and other freestanding structures? If so, it’s a good idea to seek insurance coverage for each building you own.

Understanding Freestanding Structures

A freestanding structure is any structure on your farmland that isn’t directly connected to your primary residence. These structures may be crucial to keeping your farm or ranch operational. Each structure may serve a purpose that’s essential to maintaining your property.

Conducting a Property Assessment

Conduct an assessment of your property. Identify each freestanding structure located on your land. Then, consider the purpose of each structure. Additionally, inspect the farm or ranch essentials that depend on each structure.

For instance, you might use a silo to store grains crucial to your farm’s success. If so, you might want to seek additional insurance coverage. Your original insurance policy might not cover a silo or another type of freestanding structure.

Considering Insurance Coverage

Next, consider the types of coverage needed to protect each freestanding structure and the items stored within them. Your insurance policy can provide protection against natural weather events that damage a structure. It can also provide protection against theft, vandalism, and other types of criminal activity. Insurance coverage will reduce the out-of-pocket costs you’re responsible for.

Scheduling an Insurance Consultation

If you’re ready to learn more about how you can protect the freestanding structures on your land, contact one of our Rasor Insurance agents at your earliest convenience. An agent serving Celina, TX will ensure that your farm or ranch is equipped with the coverage you need.

Are cattle covered by a standard home insurance policy?

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Many Texas residents own livestock and cattle, including horses, cows, chickens, calves, and bulls. Given this, we at Rasor Insurance in Celina, TX, thought sharing some information about home insurance policies for cattle and other animals on your property would be helpful.

A Standard Home Insurance Policy

A standard policy is designed to cover your dwelling (your home itself) and attached structures, such as your garage. It also covers personal belongings like clothes, electronics, and furniture. Additionally, a standard home insurance policy covers any personal liability you may have if you’re legally responsible for damage to another’s property or if someone suffers a bodily injury at your residence.

Moreover, a standard homeowner insurance policy covers additional living expenses if you are temporarily displaced from your home due to a covered event and it becomes uninhabitable.

A home insurance policy covers typical damage that includes fire, windstorm, smoke, explosion, lightning, theft, vandalism, hail, and more if you purchase additional coverage. However, cattle coverage is not included in a standard home policy. Farm operations are also excluded from standard homeowner coverage.

How Do You Get Cattle Coverage?

You’ve invested significant time and money into your cattle, so you can protect them by purchasing a separate cattle or livestock policy. This will protect your livestock in case of injury or loss. You can cover all farm personal property with a single limit or schedule coverage, allowing a set amount for each animal. Cattle coverage includes theft coverage for stolen animals. Furthermore, livestock coverage includes liability to cover damage or injuries caused to others by your livestock.

Lastly, cattle coverage offers risk protection against declining market prices for livestock.

Get in Touch with Us Today!

If you have any questions about homeowner insurance and cattle coverage, contact Rasor Insurance in Celina, TX. We have the knowledge and expertise to give you peace of mind about your home and livestock. Call us at (972) 382-3805 or email us at info@rasorinsurance.com.

Boats, Campers, and More: A Guide to Recreational Insurance in Celina

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Residents of Celina, TX, love participating in outdoor excursions, which can include cruising the nearby lakes on their favorite boat or watercraft on Lake Lewisville during the summer months or hitting the open road in a towable or pull-behind trailer at Ray Roberts Lake State Park at any time of the year when the weather is favorable.

Learn how to protect your outdoor adventures from the elements and unexpected mishaps from the protection professionals at Rasor Insurance!

The Importance of Recreational Insurance for Boats, Campers, and More in Celina, TX

A recreational insurance policy can help local outdoor enthusiasts have safer adventures knowing that their most prized possessions and assets are protected from financial fallout. Boating accidents, RV collisions, and natural disasters are just a few examples of incidents that can be covered by a comprehensive recreational insurance policy.

What Does Recreational Insurance Cover?

The exact coverages for your recreational insurance policy are listed in the policy documents and will vary between policies. Most recreational insurance policies can be structured to cover potential hazards which can include collisions, weather-related incidents, and non-collision-related incidents like theft, burglary, or vandalism.

Your coverage amounts can vary depending on the type of policy you choose. Local outdoor enthusiasts seeking maximum coverage for their outdoor toys opt for comprehensive recreational insurance which covers a variety of common and uncommon perils that can happen on local excursions and faraway outdoor adventures.

Securing Recreational Insurance in Celina

A knowledgeable agent can help you choose a liability-only or comprehensive insurance policy to shield your personal finances from legal claims, property damage claims, at-fault accidents, and financial fallout driven by sudden natural disasters.

Contact Rasor Insurance and learn how to get recreational insurance for boats, watercraft, jet skis, ATVs, UTVs, RVs, along with a customized insurance quote today!

Are Roommates Covered Under Renters Insurance?

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If you rent or lease your residence, then you should consider renters insurance. Regardless of how much or how little you own, if you are a renter and want to protect your valuables and belongings, there is no substitute for the benefits that renters insurance can provide in the event of flooding, fires, and other risks. That’s why so many people who rent their homes rely on the professional and friendly team at Rasor Insurance for all their insurance questions and needs.

Understanding Renters Insurance and Roommates

It’s not uncommon for renters to have roommates or even sublease their rented residence, and this sharing of expenses is often a win-win for everyone involved. However, when it comes to your renter’s insurance policy, more than likely, your roommate’s property, valuables, and possessions won’t be covered unless you talk to your agent to make the necessary adjustments to your policy. That’s why working with an agent who can help with all your renter’s insurance questions, needs, and solutions is a good idea.

Renters Insurance Solutions for Celina, TX Area Renters

If you live and rent a residence in or around the Celina, TX area, do you have questions about coverage for your roommate, or would you like to find out more about renters insurance to help protect the things you care about? At Rasor Insurance, we help renters from all over the Celina, TX, area with all their renter’s insurance needs. Contact us to learn more and schedule an appointment today for the renters insurance solutions you deserve at Rasor Insurance.

RV Insurance for Every Mile of the Trip

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RVs are synonymous with adventure, family fun, and vacation. There are also more than a few movies centered around the excitement and fun RVs offer. Another word that is often associated with RVs, however, is expensive. From the cost of RVs to the price of repairs or damage these mobile vacation homes on wheels can cause, that is also why RV owners in and around the Celina, TX area turn to the professional and experienced team at Rasor Insurance for the RV insurance solutions they need to protect their RVs and those great adventures.

RV Insurance for Every Mile of the Trip

It doesn’t matter if you own a two-sleeper RV or a palace on wheels; RV insurance can help with everything from accidents to repairs and even roadside assistance. That also means you can protect more than your RV but every mile of your trip with the right RV solutions. These are also a few good reasons why you should talk to an agent about the benefits of RV insurance for your RV, regardless of what type of RV you own. From your driveway to the other side of the country, RV insurance is the protection you need to protect your RV and much more.

RV Insurance for RV Owners in Celina, TX, and the Surrounding Area

Do you own an RV and live in or around the Celina, TX area? Would you like to learn more about RV insurance or need coverage for your rolling palace? Then, our friendly and knowledgeable team of agents at Rasor Insurance can help. Contact us to learn more and schedule an appointment for the RV Solutions and protection you and your RV need and deserve at Rasor Insurance today.

Motorcycle Insurance Protection You May Need During Group Events

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Motorcycle Insurance: Essential for Group Outings and Rallies

If you plan to attend a motorcycle rally or another event next spring, you may want to increase your insurance protection. Review some scenarios where you may benefit from having more coverage.

Addressing Collision Concerns

Dangers exist whenever you ride your motorcycle. Traveling in a group, however, could increase the dangers you face. Your motorcycle policy should include liability and collision coverage.

Both these types of coverage will reimburse you for the cost of mechanical repairs for which you are responsible. The liability protection will cover medical bill costs and other costs.

If you are going to seek protection for damage that your motorcycle incurs, consider the value of your motorcycle. Use this value when choosing the coverage amount for your motorcycle.

Protecting Towing Essentials

If you use a tow bar and other essentials to transport your motorcycle or other equipment during the group outing, you may wish to add these items to your insurance policy.

Towing essentials will allow you to transport items from point A to point B safely. Despite this benefit, these items can become damaged or stolen during the group outing.

You can choose a specific amount of insurance coverage for each item you decide to add to your motorcycle insurance policy.

Insuring Motorcycle Accessories

Your helmet, navigational aids, anti-theft devices, and other accessories you use when riding your motorcycle could become damaged during a group outing. Personal property insurance is designed to cover property that you have purchased separately from your motorcycle.

Insurance Agent Services in Texas

Take the time to upgrade your motorcycle insurance policy before you participate in a group outing. Contact one of our Rasor Insurance representatives. An agent who serves Celina, TX will assist you.

How can a boat/watercraft insurance plan cover me and my boat?

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Comprehensive Boat Insurance: An Essential for Every Boat Owner

Living in Celina, TX amidst the alluring array of recreational lakes, owning a boat opens up a world of aquatic enjoyment. However, ensuring your cherished watercraft with the right insurance is fundamental. This discussion outlines why boat insurance is crucial in protecting your marine investment.

Securing Your Boat with Adequate Coverage

One key reason to secure your boat with proper insurance is the protection and coverage it offers. An insurance policy ensures that your precious asset is underwritten and protected. Whether it involves damage due to an accident or an unfortunate event of theft, insurance provides peace of mind and security.

Liability Coverage Protection

Accidents can occur unexpectedly at any given time, and dealing with any damages can be both stressful and expensive. Having insurance makes certain that you’re financially protected during such unpleasant times. If you cause any damage or if anyone gets injured on your boat, liability insurance coverage would pay for the marred property or medical bills.

Choose the Right Boat Insurance with Rasor Insurance

If you’re considering boat insurance, choosing the right agency for advice and options is important. Rasor Insurance helps boat owners in Celina, TX, make an informed choice, providing comprehensive coverage that caters specifically to their needs. Reach out to Rasor Insurance and let our team of professionals guide you in protecting your boat so you can navigate the waters without a worry.

Understanding Workers’ Compensation Requirements for Employers in Celina, TX

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If you’re an employer in Celina, TX, it’s paramount that you understand the workers’ compensation requirements to ensure your employees are adequately protected. This understanding can help you find the most suitable insurance plan from Rasor Insurance for your specific needs.

Understanding Workers’ Compensation Requirements

In Texas, the workers’ compensation requirements operate as follows:

  • Private Employers: Though private employers must comply with regulations, they are not mandated to carry standard workers’ compensation insurance.
  • Public Employers: Local or state government entities and organizations must offer workers’ compensation coverage for all their employees.
  • Optional Coverage: Private employers can provide workers’ compensation insurance without implementing an alternative benefit plan. However, if they opt out of an alternative benefits plan, they must present coverage that is as valuable or superior to regular compensation benefits.

Requirements for Workers’ Compensation Insurance Carriers

Any business offering workers’ compensation insurance must do so through the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC). Choosing the right insurance carrier can profoundly influence how you operate and provide employee coverage.

Ensuring Proper Reporting and Compliance

As an employer in Celina, TX, you must adhere to the state’s reporting regulations and requirements. This process involves maintaining accurate records of workplace illnesses and injuries. Additionally, reporting work-related injuries to your preferred insurance program within eight days of becoming aware of the injury is essential.

If you’re an employer in Celina, TX, and interested in learning more about your coverage options regarding workers’ compensation, Rasor Insurance is here to help. Contact Rasor Insurance today for a consultation and review of your legal rights and responsibilities before recruiting your own team.

Do I Need Full Coverage Insurance?

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While it’s common knowledge that auto insurance is vital, you might be conflicted about the necessity of full coverage insurance. At Rasor Insurance in Celina, TX, we are committed to helping you make this decision.

Understanding Full Coverage Insurance

First, it’s important to comprehend what full coverage insurance entails. This insurance category consists of two segments: collision and comprehensive coverages.

Collision coverage caters to damages perpetrated on your vehicle if you’re at fault for an accident. An instance would be running a red light and colliding with another vehicle. The collision coverage would finance the repairs or replacement of the vehicle.

On the other hand, comprehensive coverage takes care of damages to your vehicle that occur outside of road incidents. For example, if your vehicle is damaged by vandalism, the coverage will pay for repairs. Should your vehicle be critically damaged during a storm, collision coverage takes this into account.

Is Full Coverage Insurance Mandatory?

The government doesn’t mandate full coverage. However, if your vehicle is under a loan agreement or lien, your lender will most likely require full coverage insurance to safeguard their financial interest in it.

Do I Require Full Coverage Insurance?

Even if full coverage insurance is not a requirement, it’s worth considering. For instance, you might have recently finished paying off your vehicle. But suppose it gets damaged or wrecked in an accident. Would you be able to deal with the repairs or replacements without insurance? If not, full coverage insurance is a prudent choice.

Furthermore, given the significant investment a car represents, securing it with a full coverage policy is sensible even if you can afford to replace it.

Rasor Insurance: Auto Insurance

If you are interested in full coverage insurance in Celina, TX, contact us at Rasor Insurance. Our proficient agents are ready to discuss your situation and guide you toward the most suitable policy.

Is a Business Obligated to Purchase Umbrella Insurance?

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Celina, TX business owners aren’t legally obligated to purchase umbrella insurance. However, there are several reasons why having such a policy is a good idea.

What is Umbrella Insurance?

Umbrella insurance offers extra compensation if you reach the limits of your business liability or commercial auto insurance policy. For instance, if your commercial auto insurance policy covers up to $50,000 in property damage, but one of your employees causes $100,000 in property damage, your umbrella insurance policy will cover the additional $50,000. If you’re sued for $3 million and your business liability policy covers up to $2 million, umbrella insurance will cover the extra expense for a judgment or settlement. Umbrella insurance can also cover additional medical bills if need be.  

Most businesses can benefit from umbrella coverage. Even so, some companies need it more than others. Purchasing umbrella insurance is wise if you work in a dangerous industry such as construction. Stores that get a lot of foot traffic can benefit from an umbrella insurance policy, as can retailers that sell expensive items such as jewelry or antiques. Companies that offer legal, financial, and health services can also benefit greatly from the security an umbrella policy offers.

Get Help from Rasor Insurance Today

Rasor Insurance offers multiple commercial insurance policies to Celina, TX, business owners. Our knowledgeable staff members can offer personalized advice to help you pick an umbrella insurance policy that meets your current and long-term needs. Contact us at your convenience to find out more about our policy options or to get an insurance policy quote for your business.