Starting a Home Child Care Business or Preschool

It’s a common play to add to the household finance for a home-bound partner to think about starting a child care business. After all, moms have a natural experience and knowledge of toddler care, especially if they already raised multiple kids of their own through the first five years. In some cases, some Austin, TX moms are teachers and miss the classroom feel, which the child care business or home preschool replaces to some extent. Either way, however, doing so changes the nature of the home as well as the risk covered by a homeowner insurance policy on the property. 

Remember, consumer insurance assumes the client is acting as a private party, not a business. So, it’s necessary for the homeowner to review a home policy and change it accordingly for the new business about to be started.

Aside from making sure the coverage still applies, it’s also good protection. Many liabilities and risks associated with child care or preschool business are not covered at all by a homeowners insurance policy. And that means the homeowner is entirely exposed to liability as well as losses if sued for injury and damages associated with the business and child’s welfare. 

Further, many jurisdictions have very specific requirements for child care programs and preschools, including insurance and bond requirements specific to a commercial entity. A private homeowners policy is not going to meet these requirements in any fashion.

If you’re in Austin, TX and thinking about using your home to launch a new early child care business, give the folks at StraightEdge Insurance Agency a call first. They will be more than willing to go over your current policy and explain where it won’t meet your business needs. Then they can show you what’s available and how to fit into your coverage package to protect your new venture. Email or call, StraightEdge Insurance Agency can help you get started right!

Home insurance coverage options in Texas

We know how important a home is for many Texans. It is what we depend on to keep our loved ones and us safe. At StraightEdge Insurance Agency, we know that your home is one of the most important investment and we can help you keep your finances protected through home insurance.

Although home insurance is not a legal requirement in Texas, many mortgage companies request it to be part of the finance agreements with homeowners. Home insurance covers the following:

Personal property coverage

This coverage covers all your contents including clothes, shoes, personal effects, and personal documents. It also includes your furniture, appliances, electronics, or any other personal item. Some personal items like money, jewelry, or firearms are covered under different insurance policies.

Physical structure

The whole house structure including the walls, floor, and the roof is covered under the home insurance policy.

Other structures

Other structures that may not be inside your home but are part of the house are also covered. Such compositions include the fence, the stand-alone garage, and the shed.

Liability coverage

When someone is accidentally injured on your property or your neighbors’ property is destroyed by your children while playing, liability coverage helps you pay for all the costs incurred and any reasonable medical fees.

Loss of use or additional living expenses coverage

This covers living expenses including transport, food, temporary shelter, and any other basic need in case of a fire or house damage that makes your home unlivable.

Feel safe and secure in your own home and leave the insurance part to us. Find the solution to all your insurance needs from StraightEdge Insurance Agency conveniently located in Georgetown, TX today. Visit or call us to get a quote or to discuss new policies.

A Guide to Second Home Insurance

Buying a second home either as a rental property or a vacation getaway is just like buying a primary residence. For instance, you will have to make sure that your second home has the right amount of home insurance coverage.

Your second home is likely your most valuable asset hence getting the right insurance coverage is critical. StraightEdge Insurance Agency brings you the most client-friendly second home insurance in Austin, TX. Sometimes, finding comprehensive home insurance for your second home can be difficult since most insurance companies consider it a high-risk property since they are left for more extended periods.

Getting a Second Home Insurance

Buying home insurance for your second property isn’t the same as buying insurance for your primary home. Pay attention to the rate of premiums as you shop around for your second home insurance. Keep in mind that the overall cost of insuring your second home can be a little bit higher than what you are currently paying for your primary home.

Consider installing security systems in your residence if you hope to keep the premiums low. Alternatively, talk to your provider and request a discount if you’re combining your second home policy with another insurance coverage.

What is Covered Under Your Second Home Policy

Typically, the amount of money that you will need to insure your second property will depend on how you are going to use the home. Will you rent it or are you planning to use it as a vacation house? For instance, if you are renting it, then you may need to purchase a comprehensive policy that will cater for the entire cost of replacing it if it’s destroyed beyond repair.

You can also consider getting extra coverage for rent loss which will cover the loss of your rental income in case a catastrophe occurs. You may also need to supplement your second home insurance with a separate flood and earthquake insurance.

Do you own a second home in Austin, TX? Talk to StraightEdge Insurance Agency today for insurance on your second home.

3 Things You Should Know About Home Insurance

More than three-quarters of people who purchase a homeowners’ insurance policy don’t understand its features or ways they can use it to save money on their insurance premiums. Below are the top three things that you should know about a home insurance policy before you sign that contract.

Your Homeowners Insurance Does Not Cover Every Damage That May Occur

Your Texas homeowner’s insurance policy will provide you with a broad range of protections including comprehensive coverage for the structure of your home, loss of use, liability, and loss of personal belongings but it doesn’t cover everything.

Agencies such as StraightEdge Insurance Agency in Georgetown, TX state that they only cover sudden and accidental events. This means that if you have been ignoring a roof leaking for months, then it damages something in the house, such damage won’t be covered. Specific disasters such as floods from groundwater and earthquakes are rarely covered in a standard home policy.

Your Credit Score Can Affect Your Insurance Rates

Your credit score can determine your policy rates which affect your insurance premiums. Having a good credit score saves you a significant amount of money on your home insurance policy in Georgetown, TX. Massachusetts, California, and Maryland are the only states that prohibit policy providers such as StraightEdge Insurance Agency from using your credit score to set your home insurance policy rates and premiums. 

There is Always a Deadline to Making a Claim

Don’t wait too long before you file your claim in the event of damage or disaster. Most of the home insurance policies have a window period of 14 days for reporting an incident and filing your claim. Don’t wait for the damage to worsen hoping that you will get a better compensation.

For more information, reach out to our offices in Georgetown, TX to have your questions answered. Also, try our online rating tool for quotes on home and auto insurance.