TXINS March E-News: Protecting Your Biggest Farm Investment, Ask the Agent, Agency Happenings, Texas Trivia & More!



Protecting Your Biggest Farm Investment 

 
 

tractor insuranceFor those who spend their days working in the fields to make a living, a farmer’s best friend is definitely the tractor. Whether you have a commercial farm or you’re more of a hobby farmer, a tractor will go a long way toward making your daily routine easier. When you’re plowing your garden, spreading compost, or clearing a pasture, your tractor will be the tool you turn to again and again. Tractors are a major investment, so make sure yours is covered with the best tractor insurance policy in case of damage or theft.

Know the Risks of Owning a Tractor
According to the U.S. Department of Labor:

  • Tractor accidents are the leading cause of death and disabling injury on U.S. farms
  • Number of U.S. deaths caused by farm tractors each year: 270
  • 50% of fatal farm accidents are caused by tractors
  • 44% of tractor fatalities are due to tractor overturns

Tractors can be extremely dangerous, causing hundreds of fatalities and thousands of injuries every year. Even if you take major precautions by using all available safety features and giving careful attention to your surroundings, an accident can happen in the blink of an eye, causing injuries, property damage, or even death.

tractor insuranceWhat Is Tractor Insurance?
Just as a car needs auto insurance before heading out on the highway, a tractor needs to be properly insured before you ever take it out of the barn. There are many ways your tractor could be damaged or cause damage to another person or their property. In order to protect your equipment and your financial assets, you will need a reliable tractor insurance policy.

What Type of Tractor Insurance Do You Need?
Insurance for tractors can come in many shapes and sizes, and the type of policy you need depends on several variables. If you’re a hobby farmer using the tractor exclusively in your own backyard, you can add it to your homeowner’s insurance policy, just as you would a lawn mower. Large agricultural operations will need tractor insurance as part of a larger farm insurance plan. If you own a business that uses tractors for landscaping or construction, your tractor insurance will be part of your inland marine insurance, a mobile equipment policy that includes all heavy equipment you operate on behalf of your business.

Don’t Forget Potential Tractor Liability Risks
Due to the high accident rate for tractors, it’s important to consider your liability risks. If your tractor causes harm to another person or their property, you could be liable for the damages. If your tractor rolls over and injures another person, you will be responsible for paying for damages. Tractor liability will be covered under your farm insurance policy or under your business general liability policy, depending on how and where the tractor is being used.

tractor insuranceTractor Insurance for Damage and Theft
Tractors are among the most expensive pieces of equipment used on farms. So what would happen if your tractor was damaged or stolen? Tractors are one of the top targets for rural theft, with nearly 1,500 tractors reported missing each year. Only a small number are ever found by police, so farmers and business owners have to rely on their tractor insurance policies to pay for replacements. If your tractor isn’t insured, you’ll be stuck buying the new equipment out-of-pocket.

Compare Quotes to Find the Best Rates on Tractor Insurance
Insuring a tractor can be tricky because of the wide range of coverage options, depending on your unique situation. Whether you’re a full-time farmer, hobbyist, or business owner, you can find the most affordable tractor insurance rates by comparing quotes from multiple insurance companies. Your TXINS agent can help you save time by providing you with personalized quotes from multiple insurers. Our experienced insurance team will help you navigate the maze of coverage options to find the policy that will best protect you against theft, property damage, and liability. Contact TXINS today to receive a free tractor insurance quote.

We Are Here for You 

Texas Insurance & Financial Services, Inc. is your trusted advocate. As an independent insurance agency, TXINS represents a wide network of A-rated insurance companies, which allows us to find the best insurance policy to fit your needs and budget. We don’t believe in cookie cutter policies and will customize a plan specifically for you. Your overall satisfaction is our top priority. That’s a promise.

TXINS offers complimentary insurance reviews to ensure you are getting the right coverage for yourself, your family, or your business. To schedule your review, contact us today at 800-541-9849 or via email. Together, we will ensure you are protecting what matters most.

The employees of TXINS are active members in our communities. Here’s a quick list of what we have planned for the month.

  • Happy March Birthday to the following TXINS team members: Leticia Vasquez. We hope you enjoy your special day!
  • Congratulations to the following TXINS team members on their March work anniversaries: Kristen Johnson-1 year. We are proud to have you on the TXINS team!
  • Don’t miss the new Texas trivia question below. Be one of the first three people to answer the question correctly and win your own full-sized Texas flag!

On Friday, February 3 the El Campo and Georgetown offices held Kickoff to Super Bowl parties to gear up for the big game. Kim Cole (Georgetown office) is a huge Patriots fan and proudly showed her love of the Gronk. Plenty of food, fun, and football talk was shared by all.

Long-Term Care Insurance 101

Learn the basics of long-term care insurance and how it can protect your independence and retirement savings.

 
Dear TXINS:
My husband is planning to enclose our existing carport to create a guest suite for my parents. He’s very skilled in carpentry and is sure he can complete the repairs himself. Does he need a building permit?  – Becky G., Rosenberg, TX

Dear Becky:

Contrary to popular belief, permits aren’t just a way for your city or county government to make more money. Instead, they carry several important purposes.

First, permits are required for DIY home projects to provide protection to whomever acquires the permit and to make sure the person doesn’t hurt themselves. They also ensure that you’re not doing anything that results in breaking any kind of codes or laws—things that can end up costing way more than any permit fees. 

Additionally, permits are required so your local city and state would know who to place liability on if something resulted in some kind of loss, either by the city or by neighbors who could be affected. For example, if your electricity box needs to be replaced, most states require the homeowner not only gets a permit to have a new one added, but also require that a licensed contractor complete the work.

DIY jobs like updating plumbing or electrical work incorrectly could lead to denied homeowner insurance claims. For example, an electrical fire or water damage due to mistakes can occur easily if you don’t know exactly what you’re doing. If a fire consumed your whole home and your insurer found you hadn’t sought the service of an expert or pulled the appropriate permit, your claim will most likely be denied. That’s an expensive mistake worth thousands upon thousands of dollars.

Equally as important, permits are usually required by a homeowner’s insurance company. For example, if you install a wood stove but fail to get a permit and have a licensed contractor complete the work, your insurer would automatically deny any resulting claims 99% of the time. Without a permit and licensed contractor, the insurer considers that the homeowner is being negligent, and insurers never pay out claims resulting from negligence. When making a significant change that heightens the risk of claims, homeowners want to protect themselves from having to pay out costly losses that could have been avoided. Failure to get a permit may not just result in a denied claim but could quickly lead to cancelled policies and possibly even insurance fraud charges for failing to disclose the addition of something like that.

For any job requiring more than painting walls or hanging wallpaper, ask your city if a permit is required and contact your TXINS representative to notify him/her of the repairs being completed. This is the best rule of thumb to ensure you are properly covered in case of any accident or repair mishap.

Do you have a question for our agents? Email it to us! If we choose your question, we’ll send you a thank you gift! Be sure to include your mailing address and phone number in your email.


Congrats to Brandi Redmon of Needville, TX, our February Referral Program winner! Thanks for your referrals, Brandi!

If you love Texas Insurance & Financial Services, Inc., tell a relative, friend, or co-worker about us. When they call to receive a quote make sure they let us know that you referred them.

As a thank you, you’ll receive a surprise gift and will be entered into our monthly gift card drawing and our annual Grand Prize drawing for a $1,000 gift card!!!

(Grand Prize drawing will be held on December 7, 2017.)



* Image courtesy of the Whiteside Museum of Natural History

Texas Trivia

Oveta Culp Hobby was born in Killeen on January 19, 1905. She was the daughter of state legislator Ike Culp, which laid the foundation of her life-long fascination with government. She received her law degree in 1925 from The University of Texas at Austin. While studying, she served as the state’s legislative parliamentarian. In 1931, she married former Texas Governor William P. Hobby and together they had two children.  

When the United States entered World War II, Mrs. Hobby was asked to organize a women’s support section for the Army. Through her efforts more than 150,000 women served in the Women’s Army Auxiliary Corps. In January 1945, she was awarded the Army’s Distinguished Service Medal for her work.

After the war, she returned to Houston. But in 1953, President Eisenhower appointed her to lead the newly created Department of Health, Education, and Welfare, where she once again organized an entirely new agency of the federal government.

Oveta Culp Hobby died in 1995, leaving an inspiring record of civic service. In what year was Mrs. Hobby inducted into the Texas Women’s Hall of Fame? Email your answer to Kara Wood. If you are one of the first three people to answer correctly, you’ll win a full-sized Texas flag!

Show Your Spirit, Texas!

TXINS encourages our customers to utilize TXINS 24/7. Through this service, you have secure access to all of your insurance information whenever and wherever you need it.

Through TXINS 24/7, you can:
– View and reprint auto ID cards
– View policy info
– Request policy changes online
– Access your TXINS agent’s contact info
– Obtain a certificate of insurance (commercial accounts)
– Maintain and manage an up-to-date list of certificate holders (commercial accounts)

To learn more or set up your free account from your desktop, click here.

TXINS is proud to be a Trusted Choice® agency. We are dedicated to you and are committed to treating you as a person, not a policy. This commitment means we will:

  • Work with you to identify the insurance that is right for you, your family or your business, and use our access to multiple companies to deliver those products.
  • Guide you through the claims process for a prompt and fair resolution of your claim.
  • Help solve problems related to your coverage or account.
  • Thoroughly explain the coverage and options available to you.
  • Return your phone calls and emails promptly and respond to your requests in a timely manner.
  • Use our experience and company relationships to customize coverage specific to your unique needs.
  • Treat you with respect and courtesy.
  • Conduct our business in an ethical manner.

This is our promise to you. For more information on Trusted Choice, click here.

From our customers…

“TXINS is a local company with people I know. Their expertise in homeowners insurance gives me peace of mind in knowing we’re protecting the home we’ve worked so hard for.” –Donald and Cindy Priesmeyer, El Campo, TX

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