Adding to Your Home Insurance Coverage with Endorsements

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When you learn during the course of purchasing your first home that you must buy home insurance first, count on Heydari Financial Group to help. Amid the excitement of buying your Houston, TX, home, shop with savvy for your home insurance. Policies start out with liability coverage and structural coverage for 15 or more perils, but a homeowner can customize the policy with add-ons.    

Add-on Coverage to Protect Precious Valuables

Endorsements, also called add-ons or scheduled coverage, let a person customize the coverage they need on their home policy. Common add-ons include jewelry coverage, a home business endorsement, scheduled coverage for hobbyist equipment, etc. People add expensive clothing as scheduled items, too. These clothing pieces include furs, designer dresses and suits, and designer shoes.

Endorsements and scheduled coverage do cost a little extra. Each one adds a little to the price of the monthly premium, but most people consider it a negligible amount. Policyholders can schedule items for their full replacement price or for the full price you spent to buy them. When you schedule an item, the coverage applies no matter what damages it, unless the policy contains exemptions. Ask your insurance agent if you need all-perils coverage for the scheduled items to receive protection regardless of which hazard damages them.    

Schedule Your Insurance Review Today

Don’t wait for a peril to strike your home to think about your home insurance coverage. Call or email Heydari Financial Group today to schedule an insurance review that ensures your Houston, TX, home enjoys the coverage it needs and deserves. Let us help you obtain full protection for your home and its contents.

Additional coverage you may want to add to your basic auto policy

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The state of Texas mandates that a basic auto insurance policy include liability coverage of 30/60/25. This covers injuries to the first person in the accident for $30,000, all injuries for $60,000, and property damage for $25,000. At Heydari Financial Group in Houston, TX, we are committed to ensuring that all our customers are well-protected and have the necessary coverage.

Collision and Comprehensive

If you are leasing your vehicle or have a car loan, you will need to have coverage for the vehicle itself, which means collision and comprehensive coverage. These two types of coverage help repair or replace the vehicle if it is damaged in an accident you are responsible for or hit-and-run. It will also cover you for theft of the vehicle and other non-collision damage that may occur.

Full Glass Coverage

While comprehensive coverage includes glass coverage, you will have to pay a deductible. Full glass coverage means you will not have to pay anything out of pocket.

Gap Coverage

If you have a car loan, you may owe more on your vehicle than you would receive from the insurance company. Gap coverage will ensure that you don’t end up owing more than you receive.

Roadside Service

Roadside service takes the worry out of driving. If you get a flat tire, lock your keys in the car, have a dead battery, or have a breakdown, you can use roadside service for assistance. It provides peace of mind.

At Heydari Financial Group in Houston, TX, our team of independent insurance agents provides the answers to your questions and the expertise you require. Call our office today or contact us through our website.

Flood Insurance Protection – How Items Are Assessed After a Natural Disaster

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Floodwaters can cause significant damage to land, structures, and personal belongings. After a flood, it’s crucial to conduct an assessment. Here are some steps that may be implemented during a formal assessment.

Flood Insurance

Flood insurance can protect a home or business located in an area prone to flooding. It safeguards property owners from bearing the excessive costs associated with rehabilitation projects after a flood.

Filing an Insurance Claim

Before items are professionally assessed, an insurance claim needs to be filed. The claim process involves reporting the incident and providing information about the resulting damage. The information provided should include any preliminary observations made.

The Assessment Process

An insurance adjuster may oversee the assessment performed after flooding. They may also interact with a separate person responsible for assessing the property where the flooding occurred.

Before assessing flooded land and personal property, the person overseeing the assessment must ensure that the land and any structures on it are safe to access.

Assessment Steps

Land and structures will be checked for damage, and plans will be made to dispose of damaged materials. A flood insurance policy may cover the repair and replacement steps needed to rehabilitate a structure or other item damaged during a flood.

The assessment will require a visual and physical inspection of each item that came into contact with floodwaters. Some items may need to be professionally dried and cleaned.

Heydari Financial Group: Serving Houston, TX

Contact one of our agents at Heydari Financial Group for assistance. An agent will discuss the assessment steps that will be conducted after a flood.

What Changes Will Artificial Intelligence Make in Auto Insurance in 2025?

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Every car owner is responsible for purchasing car insurance, with minimum amounts varying by state. If you live in the Houston, TX, area and have questions about car insurance, our team at Heydari Financial Group is ready to answer them and help you find an auto insurance policy that meets your needs. We have been serving clients in your area since 1997.

The Projected Influence of AI on Auto Insurance

If you’ve been keeping up with the news, you’ll know that AI (artificial intelligence) is making a significant impact on every aspect of business life, including auto technology. According to McKinsey & Co., the future will see an increase in options incorporating AI. For example, there will be increased usage of driverless cars, including robotaxis, such as those owned by the Waymo Company in San Francisco.

By 2025, AI will also provide ways for drivers to enhance their driving experience, including an upgrade to the current experience of "cruise control." These cars will require new types of auto insurance to cover their new capabilities. The future of auto insurance will also see more opportunities for clients who purchase cars also to acquire embedded auto insurance. According to McKinsey & Co., this relates to the inclusion of auto insurance as one of the functions of the car sale, rather than the function of a separate company.

Contact Us Today for Your Appointment

No matter how much AI influences the auto insurance industry, we at Heydari Financial Group will remain available as advocates for your auto insurance needs. We can explain all the options to help you choose the best policy. Residents of Houston, TX can feel confident when they entrust their insurance needs to us. Give us a call today so we can discuss your insurance needs.

Can You Buy Flood Insurance After Floods Damaged My Home?

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The recent hurricane destruction from Helene and Milton has everyone talking about flood insurance. After all, Houston, TX has had its fair share of hurricanes in Harvey and Beryl. When Harvey hit the area, 80% of residents did not have flood insurance. So, you may wonder if getting flood insurance after a flood or hurricane strikes your home is wise.

Can You Buy Flood Insurance Immediately After Flood Damage?

If you purchased flood insurance from Heydari Financial Group after discovering flood or hurricane water damage, it will not help you. Flood insurance in Houston has a waiting period. The gap isn’t as large as that of government flood insurance, but there is one. Their waiting period is 30 days; ours is two to three weeks. The waiting period exists to prevent situations like this.

It will cover upcoming flooding issues, but flood insurance will not help cover expenses in your current flooding situation.

Are There Exceptions to the Rule?

There is one exception. If your mortgage company requires flood insurance, the policy will skip a waiting period and kick in immediately.

What Can You Do in the Meantime?

Without flood insurance, you must rely on other insurance policies to cover the damage. It won’t cover everything, but exhausting your resources could ease some stress. Contact your auto insurance company for vehicle damage, and use your health insurance for injuries. There’s a 50/50 chance homeowner’s insurance could help you with home damage. If you have additional insurance with us, we will evaluate your policy and discuss your options.

Heydari Financial Group sympathizes with Houston, TX residents who need assistance now. We always encourage our customers to get flood insurance at least 30 days before the hurricane season begins. It kicks in at the start of the season to safeguard against water damage. For more information on flood insurance, contact us.

Questions you should ask when choosing life insurance

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Choosing the Right Life Insurance in Texas

When you are considering life insurance, either a first policy or an additional policy, it is important to ask the right questions. You want to ensure that you are getting the most for your insurance dollars and that your life insurance provides the coverage you really need. Our team at Heydari Financial Group in Houston, TX, has the answers to your questions.

Do I Need Life Insurance If I Get It as a Benefit from Work?

Yes, you do. Your work perk may not be enough to provide the protection you need. It also is dictated by your employer. Do you want someone else to decide how much life insurance you have? Probably not. You need to have some life insurance of your own and enjoy the work-life insurance as the perk it is.

Do I Need to Get a Physical to Get Life Insurance?

No, some policies don’t require a physical. However, you will have fewer choices and pay more for what is available. You will still have to answer some questions, so don’t lie if you are a smoker or have a preexisting condition. If it is discovered, your policy will be canceled.

How Much Life Insurance is Enough?

Everyone has different needs. It depends on your income, which depends on your income to survive, and how long they will need it. If you have young children, you will need to have more insurance than if you have no children. Higher-income persons will need more life insurance as well.

At Heydari Financial Group in Houston, TX, we are independent insurance agents, which allows us to give you more choices. Call our office or stop by to discuss your life insurance needs.

Which Texas Industries are Moving Fastest and Driving the GDP

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Owning a business also means protecting all your business assets, for which you’ll need robust commercial insurance. If you’re near Houston, TX, our team at Heydari Financial Group is more than ready to discuss and address all your business insurance needs. We’ve supported commercial clients, like you, for almost three decades.

Business Insurance Needs in Texas

Texas businesses are accustomed to making bold offerings of excellent quality and opportunities. Following a strong recovery from the 2009 recession, the state’s industries sprang back with characteristic Texan confidence. As reported by Investopedia, as of August 2020, employees in business and professional sectors composed nearly 15% of the state’s non-farm workforce, experiencing significant growth in computer system design and employment firms.

According to Investopedia, Texas businesses now employ over 1,670,000 workers in the education and business fields, a growth of 4% compared to the previous year. The same source cites that eight of the 25 largest Texas employers are either hospitals or medical research facilities. Two other industry sectors contributing largely to Texas’ GDP are leisure and hospitality, employing over 1 million workers. The same source reported that 75% of new jobs in Texas over the last decade were in food or drinking establishments.

Contact Us Today

Whether your business is on a growth trajectory or regrouping for a resurgence, our team is ready to help protect your resources. When you call us, you’ll always talk to a staff member who can answer your questions in a customer-focused manner. Residents of Houston, TX, can find all their insurance solutions at Heydari Financial Group. Call us today to schedule an appointment.

Insurance Coverage for New Doors And Windows

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Add new doors and windows to your residential insurance policy with the help of the tips provided below. After you have prepared the necessary coverage plan, do not hesitate to contact one of our experienced agents serving Houston, TX, for further assistance.

Materials That The Additions Are Made Of

Consider the materials that the doors and windows will be constructed of. The thickness of the glass panes and the porosity of the materials used will determine how resilient these additions are.

Placement

Assess the location where each door and window will be installed. The region you live in may affect the risk of your home being broken into, and even the weather patterns that are common for the area could influence the safety of each door and window.

Security Features

Instal added security features for each door and window to secure your home from potential intruders. Implementing these features could minimize the likelihood of filing an insurance claim in the future. Modern locking systems and surveillance equipment can help keep your home safe.

Track any security features you decide to implement. You will need to submit this information when you are ready to add the doors and windows to your home insurance policy.

Contact Heydari Financial Group in Houston, TX

An agent from our team at Heydari Financial Group can recommend insurance products that will protect your new doors and windows. Once you decide on the doors and windows that will be installed in your home, do not hesitate to contact our office. An agent will schedule a consultation to assist you with your home insurance needs.

Are Houston Drivers Aware of These Auto Insurance Changes?

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As an auto insurance policyholder, it’s essential to protect yourself. These policies often change yearly, which can create confusion about coverage. That’s why you should review your auto insurance annually and discuss any modifications with an agent. Our team at Heydari Financial Group in Houston, TX can help ensure you grasp the updates and verify if your policy meets your needs.

1. Updated Minimum Liability

In 2024, changes were introduced to the minimum liability coverage requirements. Texas has raised the liability limits for auto insurance holders, providing increased protection for policyholders. This enhances your security while driving. But remember, not every insurance has the same risks. Hence, revising your yearly policy to adjust to these changes is crucial.

2. Transparency

Texas has introduced numerous amendments to ensure greater transparency from insurance companies. All policies are outlined in the annual contracts, and companies must comply. This gives you, the policyholder, more control over your insurance needs and instills more confidence in your coverage.

3. Motorist Coverage

Two significant amendments were made to motorist coverage regarding uninsured and underinsured coverage. This guarantees that drivers in Houston are protected even if an accident involves a driver without insurance.

4. Personal Injury Protection (PIP) Coverage

PIP coverage supports those who need immediate financial aid in the event of an accident. This is useful because it can help cover both parties regardless of who is at fault. Importantly, this law is mandatory, providing an additional security layer. Policyholders must ensure this coverage is included in their contract.

Contact Heydari Financial Group

Other laws have also been implemented. If you want to explore these further or have questions, Heydari Financial Group in Houston, TX is here to assist. We’re awaiting your call today.

Does Flood Insurance for Your Home Cover a Home-Based Business?

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More than five million people in Houston, TX, live in an area prone to flooding. Floods can occur with little or no advance warning. That’s why it’s important to have flood insurance and know what is and isn’t covered under your policy.

Flood Insurance and Your Home-Based Business

Flood insurance for your residence may cover some of your home-based business assets if these assets are used for both personal and commercial purposes. For instance, you’ll get coverage to replace personal belongings such as furniture and a computer. You’ll also receive compensation for structural repairs. Flood insurance doesn’t cover the cost of outside accommodation while your home is being repaired, but this should be covered under your home insurance policy.

However, flood insurance for the home doesn’t cover assets such as stock or machinery used for business purposes. Moreover, regular flood insurance doesn’t cover structures outside the house or your vehicles. Your business could take a serious hit if valuable items are damaged and you need to repair or replace them. That’s why it’s important to talk to an insurance company about flood insurance to cover personal and business assets. The type of policy you need will likely depend on where you live, the type of business assets you own, and how much these are worth. 

Get Expert Help from Heydari Financial Group

Heydari Financial Group offers business owner and commercial insurance policies for Houston, TX, business owners from all industries. We can help you assess your policy options and pick the forms of coverage that offer the best protection for your home-based business. Contact us to find out more or to get a policy quote.