Transparity Financial Services

77 Sugar Creek Center Blvd, Suite 206
Sugar Land, TX 77478

Is My Popup Camper Covered by My Auto Insurance or Do I Need RV Insurance?

Residents who live in the Sugarland, TX area, and own pop-up campers, may be unsure of how to insure their camper when they travel. The agents of Transparity Financial Services have the answers you need to make an informed choice. They will make sure you have the insurance you need so that if an accident does occur, you are fully covered.

While You’re Traveling

A pop-up camper is a tow-behind trailer that is normally covered by the vehicle that is pulling it down the road. As long as you are on the road and the trailer is attached to the vehicle, this type of insurance will cover damages caused by an accident or other unforeseen events. Once you disengage the trailer from the vehicle, the policy may not cover as much as you think.

While You’re Parked

Once you have your camper parked and the vehicle is no longer attached, recreational vehicle insurance takes over. This type of insurance will cover theft, damage from falling trees, and a variety of other events that can lead to damage that isn’t associated with traveling. Recreational vehicle insurance will also cover your liability if someone is hurt or injured while inside your camper.

At Transparity Financial Services, the residents of Sugarland, TX can get the answers they need to protect them from financial loss while they are on vacation. Schedule an appointment with one of our qualified agents today so that you can take off for your camping trip with peace of mind knowing you are fully insured.

3 Tips for Buying Motorcycle Insurance in Sugarland TX

Whether you are a new or novice motorcycle rider, there’s no place like Sugarland, TX to ride a bike. Warm weather allows you to ride all year long, and there’s no better way to take in the scenery that Sugarland, TX offers than from riding a motorcycle along its streets. But before you hit the road with your motorcycle, you need to have motorcycle insurance. Here are three tips for purchasing motorcycle insurance brought to you by Transparity Financial Services.  

1. Compare Quotes

The motorcycle insurance market is competitive, and in order to get the best rates, it is important to compare at least two or three quotes before making a decision. An agent can help you do this by answering all of your questions and concerns.  

2. Bundle

Do you own a home? A car? A recreational vehicle? If so, you can bundle your insurance policies together by using the same insurance company. Bundling offers savings on all your insurance policies and is definitely worth looking into.

3.  Work with a Reputable Agent

When it comes to buying motorcycle insurance, you want the best coverage so that if anything happens, you are covered. By working with a reputable agent who has an excellent track record of customer care and satisfaction, you can be sure you will get the right coverage for the right price, both of which bring peace of mind.

To learn more about buying motorcycle insurance in Sugarland, TX, call the reputable agents at Transparity Financial Services today. You will be greeted with a warm, friendly agent who will answer all of your questions and get you and your motorcycle on the road where it belongs.

Common boat insurance myths.

Analyzing different aspects of insurance policies may be considered complex; consequently, some individuals turn to their friends or family to seek advice concerning specific issues regarding an insurance policy. Though most of the individuals given the responsibility to respond to insurance advice mean well, often the information provided is not accurate and may lead to further confusion. Below are three of the most prevalent myths that individuals have been led to believe about boat insurance.

Boats are covered by Homeowner’s Insurance

Most individuals have been led to believe that due to the fact they keep their boats at home all liabilities are covered by the Homeowner’s Insurance. Such advice is misleading because homeowner’s insurance coverage will only work if the boat is damaged while in storage. A homeowner’s policy is not activated when the boat is outside the housing area. When in river channels, lakes, or oceans all boat liabilities are set within the jurisdiction of the owner.  

Your boating insurance coverage works anywhere to go boating

Most individuals are led to assume that their boat insurance coverage works anywhere they go boating or skiing. However, the majority of policies only take into consideration the risk within a particular area that an individual frequently goes out boating. Subsequently, in the instance an individual with a valid boating insurance coverage goes on vacation with his or her boat, there is no absolute guarantee that this policy is active. Transparity Financial Services in Sugarland, TX requests its clients to rent another vessel when they go boating beyond the locality of their coverage. 

Hurricanes increase boat insurance rates

Individuals are led to believe that hurricanes or storms will drive their premiums beyond the set limit. A hurricane does not influence insurance rates. However, the only time insurance rates go up due to harsh weather patterns occurs when an individual relocates to the coast where the risk of damage increases.

Reach out to the agents of Transparity Financial Services in Sugarland, TX to learn more about boating insurance policies. We can walk you through the process and help you get a policy that works for your situation.

How Can Umbrella Insurance Protect Your Family?

Given the litigious nature of American society, you cannot be too careful when it comes to protecting your family’s assets. To mitigate the risk of financial liability, you can get a personal umbrella insurance policy that provides protection. This policy supplements your current insurance coverage, helping to preserve your family’s assets.

You likely have homeowners insurance, auto insurance, boat insurance, or another similar policy that offers you protection, if you’re at fault in an accident. However, these policies only cover your liability up to designated thresholds. These limits may not cover your total liability, depending on the nature of the accident or claim against you. This is where an umbrella policy adds value.

What does an Umbrella Policy do?

Umbrella policies provide general liability protection above the coverage limits of your other policies. If you’re in an auto accident or you hit someone while you’re boating, the umbrella insurance policy can provide you protection. However, there is a difference between personal and commercial policies. A personal umbrella policy doesn’t typically cover business activities or operations.  

Ultimately, if you live in a state where your home equity isn’t exempt, and you’re found liable in a lawsuit, the umbrella policy can prevent the liquidation of your home. Similarly, it can prevent the sale of vehicles, collectibles, and other personal assets. Transparity Financial Services in Sugarland, TX can help you tailor your umbrella policy to provide the optimal level of coverage, depending on your financial situation.  

For additional information on umbrella insurance and the benefits of coverage, please contact Transparity Financial Services in Sugarland, TX today. There is no reason to leave your family’s assets exposed when affordable coverage can mitigate the risk of financial distress if you’re found liable in a lawsuit.

Texas Size Flash Floods, Be Prepared

2017 was not a good year for Houston. It literally got walloped by a hurricane and flooded. However, the coastal city is not the only place in Texas that floods. Sugarland, TX is just as likely to have flood event as Houston or anywhere else in the greater region. And being just catty-corner to Houston only means that Sugarland is next in line at taking a direct hit.

As the 2017 hurricane made very apparent, when mother nature gets angry, she does it with a lasting impression. As they say, a photo is worth a thousand words, and these photos (click the news link) before and after Hurricane Harvey make it apparent, including in Sugarland TX, why flood insurance is so important to have in place.

Because the staff at Transparity Financial Services are very familiar with Texas coast history, as well as the long-term weather patterns for the area, they are the first to note that just because Texas enjoys long hot summers doesn’t mean it is an oasis from flooding. Floods happen regularly in the region, which is why homeowners and businesses should always be prepared to evacuate when necessary and to have proper coverage in place for the unexpected.

Regions near river bends, levees, and drainage canals are all vulnerable when the ocean surge backs up and pushes water back inland, which is what happened in both Hurricanes Harvey and Katrina in New Orleans. Given this kind of result with big weather storms, it just makes sense to have a good flood insurance policy in place at all times, just in case.

Transparity Financial Services is available to help residents in Houston and Sugarland, TX stay protected, including their homes and property. There’s no reason to be inundated and take a total loss in a flood. Give us a call today to find out more information about protecting your home and how to stay dry!

Condo vs Homeowner’s Insurance, How to Protect Your Investment

When you buy a condo in Houston or Sugarland, TX, your insurance responsibility is different than if you owned a house. For a house, you insure inside and outside of your property and the surrounding land. However, for condos, you are solely responsible for the interior of the dwelling. All owners share responsibility for the land and common areas, insured through homeowner’s association (HOA). A Transparity Financial Services professional can help you understand the types of condo insurance you need.

What is Condo Insurance?

Condominium insurance pays for personal belongings, liability, and additional living expenses if coverage kicks in. You are reimbursed for damage to additions, improvements, and changes you make to the condo.

Dwelling Coverage

Under condo insurance, you see a big difference versus homeowner’s insurance. You only need to cover the cost to rebuild the interior of your home. Typically, this is from the wall studs inward. Repairs on the outside of the building, hallways, and other areas are covered by HOA insurance. 

Under homeowner’s insurance, you pay a higher premium based on the cost of replacing the home, its contents, and any structures such as fences, sheds, and so forth. 

Liability Coverage

For your condo, you are responsible if a visitor is injured in your condo or damage is done to their property. A personal liability policy covers this. Your HOA insurance covers building common areas. So, if your guest slips in the pool, that’s the association’s responsibility.

When you own a standalone home, you need the same coverage for personal liability as in a condo. However, you also need additional insurance that pays for covered events for your pool, trampoline, and other places around the property.

Contact Transparity Financial Services today for more information on what personal and dwelling liability you need for your condo.

Personal Property Coverage

You need to cover personal belongings in your condo. This includes items not covered by the HOA, including jewelry, electronics, clothing, furniture, and other property. As a typical homeowner, the coverage type is basically the same, but you may require more coverage for the additional furniture and amenities in your larger home.

Contact Transparity Financial Services today to find out more about condo insurance or to schedule an appointment for a quote in Sugarland, TX.


Do All Businesses Have to Have Commercial Insurance?

Insurance is something that most people have a faint grasp on but that may need more help clarifying when things really get difficult. Commercial insurance is one branch of insurance that can get very tricky if you are not aware of what you need and what qualifies you to have this type of policy. For those that live in the Sugarland, TX area, the agents with Transparity Financial Services can help you find the perfect policy every time.

When it comes right down to it not all businesses are required to have commercial insurance but it is highly recommended across the board. In many cases, if you own the business outright you are not required to have a commercial policy on the business itself. If you are still paying for the business or on a loan for it, your lender may have their own unique set of requirements as far as your insurance coverage.

In most cases, a lender is going to require at least some sort of insurance policy to protect their assets and to protect the property that they have lent you money on. You may only be required to have property insurance and some may require further insuring the actual business itself. It is important to take the time to talk with your lender to find out exactly what type of coverage you need. Commercial insurance is always a good idea for the simple fact that it can help you bounce back should something happen and it can also protect your personal assets in the event that something should happen.

For those in the Sugarland, TX area, the agents with Transparity Financial Services can help you to find the perfect policy each and every time so that you can be fully covered no matter what.

What is a Tort Car Insurance State?

The definition of tort means that someone is civically or legally liable because of a wrong action they have committed. When applied to driving a motor vehicle, this means that the individual who causes an accident will be responsible for covering the costs related to the medical bills and property damage of the other driver. The at-fault driver can also be held accountable to take care of lost wages and to pay financial sums awarded to the victim due to pain and suffering. 

Texas is a tort state, and this means that the residents of Sugarland, TX are required to have insurance on their automobiles that will cover repairs to the other driver’s vehicle and medical expenses in the event of an accident. Drivers can also carry a variety of insurances above and beyond the minimum legally required by law. 

38 states in the U.S. operate under tort laws, and the other 12 are considered no-fault states. Tort states mandate that someone must be found to be at fault for an automobile accident, though there are contributory laws to determine if some fault lies with another party. Each state will have specific laws regarding their own tort system, for example, a state with limited tort will not allow someone to sue for pain and suffering unless it can be determined that the injury sustained is one of a serious nature or that will last for the rest of the victim’s life. 

Contact Transparity Financial Services 

Transparity Financial Services can provide you with the auto insurance to meet your needs and considers it a privilege to work with you. Faithfully serving the Sugarland, TX region, the friendly and helpful representatives at Transparity Financial Services can answer all your questions about auto insurance, and you can call our office today to schedule an appointment. Try our online rating tool for quotes on auto insurance.

What risks are covered under my commercial insurance?

Are you a business owner? Is your business located in Houston or Sugarland, TX? If so, commercial insurance is one of the most crucial financial investments you could make for your business. Even with a thriving business, you could be wondering whether your financial reserve is adequate to cover you from losses in case your business is affected by unforeseen perils like fire or theft. Certainly not!

If you thought commercial insurance coverage was a reserve for the big multinationals, think again. Small and medium enterprises face the same level of risks that can bring the business crumbling down. At Transparity Financial Services, we can offer commercial coverage for your business.

Commercial insurance can protect your business from the following risks:

Personal Injury 

Commercial insurance protects your business from claims made by third parties. Such claims could result from accidents that happen on business premises or from personal injuries for which your company is legally responsible.

Property Damage

Commercial liability insurance also covers your business against any damaged company products or property. Restoring damaged property and products can cost a fortune. However, if your business suffers a disaster that destroys your business assets, commercial insurance will cover your back.

Independent Contractor Coverage

Sometimes, your business may collaborate with an independent contractor, and they can be injured in the course of the contract. In such a case, your company is liable for the harm. With commercial insurance, you can be sure your business is rightly protected.

Some business owners tend to think they don’t need commercial coverage until a disaster happens. Well, instead of waiting for a blow that could wipe off your business in Houston or Sugarland, TX, how about safeguarding it by investing in commercial coverage. Contact us at Transparity Financial Services for a commercial insurance quote and to find out how to get started.

Important facts all home owners should know about home insurance and water damage.

Water damage is the second leading cause of insurance claims in the United States after wind and hail damage. In recent weeks with Hurricane Harvey and Irma, we in Sugar Land, TX  have seen first hand the type of havoc water damage can cause to homes. However, insurance coverage for water damage can be complicated, and it is important for homeowners to understand how it responds to various situations.

Flooding comes to mind when people typically think of water damage; however, that is not the type of loss water damage coverage is meant to cover. Water damage coverage in your homeowner’s policy responds to events such as a burst pipe, a washing machine or dishwasher overflowing, or water damage from a fire extinguisher.

An important note is the policy may not cover a loss if it is shown that the loss happened as a result of failing to maintain the home. For example, if your sink has been leaking for months and you did not repair it, any damage caused as a result of the leak may not be covered. It is important to properly maintain your various appliances and pipes to ensure they are working properly.

Another important consideration when it comes to water damage is mold. If you are unsure if your policy covers mold, you should reach out to your insurance agent at Transparity Financial Services to discuss. Mold can be costly to remediate, so it is important to know that you are covered.

As mentioned earlier, flood insurance and water damage coverage are two very different policies. If you live in an area prone to flooding, you should seriously consider purchasing a flood policy.

If you are interested in learning more about insurance for flooding and water damage, please feel free to reach out to us at Transparity Financial Services. We proudly serve the Houston and Sugar Land, TX area.

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