Does umbrella insurance replace my other policies?

Posted on June 15, 2023June 13, 2023 by admin

Umbrella insurance from DGIA, LLC is a great way to add an extra layer of protection for your finances and legal liability. But does umbrella insurance replace other policies here in the Round Rock, TX area?

The short answer is no, but it can supplement them in many ways.

Umbrella insurance does not take the place of auto, home, or health insurance as those cover specific incidents that occur within their policy limits. Instead, umbrella insurance provides additional coverage if the limits of other policies are exceeded. For example, if you were found legally liable for an accident causing more than $1 million in damages but only had a $100,000 auto policy limit, then your umbrella policy would kick in to cover the remaining costs up to its limit.

Umbrella insurance also covers certain lawsuits and legal fees which your other policies may not include; such as libel or slander lawsuits. In addition, umbrella insurance often covers events that aren’t included in most standard policies like false arrest, invasion of privacy, and malicious prosecution.

Overall, while umbrella insurance cannot replace traditional policies like auto and home insurance, it provides a much-needed buffer to protect your financial interests from unexpected expenses that could be beyond the scope of other coverage plans. That’s why having a good umbrella insurance policy is so important for anyone who has assets to protect.

We Are Here To Help

If you’re considering purchasing an umbrella policy, it’s wise to review your existing policies and speak to an experienced insurance professional. So give us at DGIA, LLC a call today. We are proud to serve the Round Rock, TX area and would be happy to help you find a policy that not only meets your needs but your budget as well.

Does Flood Insurance Cover Whole House Replacement?

Posted on May 19, 2023June 1, 2023 by admin

At DGIA LLC, we understand how confusing and frustrating it can be to navigate the world of flood insurance policies. As residents of Round Rock, TX, we know all too well the potential risks of living in a flood-prone area.

What is Covered by Flood Insurance?

Flood insurance policies can cover various damages caused by floods, including structural damage, damaged appliances and carpeting, and damage caused by sewer backups and mudslides. It’s important to note that many policies have different coverage limits and exclusions, so it’s essential to read your policy carefully and speak with your insurance agent to understand what it covers.

What is Whole House Replacement Coverage?

Whole house replacement or replacement cost coverage is optional in many flood insurance policies. This coverage provides more comprehensive protection than standard policies, where the payout is typically based on the depreciated value of the home. With whole house replacement coverage, you will receive compensation for the full replacement cost of your home and its contents, regardless of their depreciated value.

Does Flood Insurance Cover Whole House Replacement?

The short answer is that it depends on your policy. Whole house replacement coverage is not typically included in standard flood insurance policies and must be added as an optional endorsement. However, if your policy includes this coverage, in the event of a flood that causes extensive damage to your home, you may be eligible to receive compensation for the total replacement cost of your home and its contents.

Reach Out To Us!

At DGIA LLC, our flood insurance policies are customizable, and we work closely with each of our clients to ensure they have the coverage they need to protect their Round Rock, TX homes and belongings. We encourage you to contact our team if you want to learn more about our flood insurance policies and the optional whole-house replacement coverage.

A guide to condo insurance coverage

Posted on April 11, 2023May 1, 2023 by admin

When you want to enter the housing market, one of the affordable ways to do that is to purchase a condo. At DGIA LLC in Round Rock, TX, we are an independent insurance agency that works hard to make sure that you have the right condo insurance for your needs.

Condo Insurance: The Basics

Condo insurance has many of the same types of coverage as home insurance. At the same time, condo coverage is unique to condos. Along with the benefits that you get from your HMO payments every month, your condo association also has an insurance policy that covers the exterior of the building that houses your condo. It also covers the shared common areas like the lobby, elevator, parking lot, pool, and any other shared amenities.

Your property insurance coverage on your condo policy will begin at the point where the condo association insurance stops. So the fixtures inside your individual unit are usually covered by your insurance unless the condo coverage is "all in". Read your covenant so that you won’t get a surprise if you have to file a claim.

Your liability coverage protects you from actions taken by someone injured inside your unit. The condo association’s master policy covers the outdoors and the common areas.

When it comes to your personal property, the coverage is much the same as home insurance. You can opt for the current value or replacement cost. It is up to you how much you want to cover your property and how much you will actually replace.

The final piece of coverage is your loss of use coverage. If your condo is damaged by a covered hazard, this insurance will pay for a place for you to stay while your unit is being repaired.

Give Us A Call

Contact DGIA LLC in Round Rock, TX when you are ready to discuss your condo insurance.

5 Benefits of Getting Life Insurance In Texas

Posted on March 23, 2023March 23, 2023 by admin

If you live in the Round Rock, TX area, you should strongly consider life insurance with a provider like DGIA LLC. In fact, getting life insurance is a good idea for most Texas residents, as it can help guard you and your loved ones against life’s uncertainties. So, let’s take a closer look at some of the benefits of acquiring life insurance in the state of Texas:

Financial security for loved ones

Life insurance can provide financial security for your loved ones in the event of your unexpected passing. This can help them cover expenses such as funeral costs, outstanding debts, and ongoing living expenses. Life insurance is one of the only ways to guarantee a large payout to your beneficiaries.

Protection for your business

If you’re a business owner, life insurance can help protect your business by providing funds to cover expenses in the event of your passing. This can include paying off loans or other debts, covering expenses for a replacement employee, or funding a buy-sell agreement with business partners.

Better estate planning

Life insurance can also be an important tool for estate planning. It can help ensure that your beneficiaries receive the financial support they need without having to sell off assets or deplete savings.

Tax benefits

In some cases, life insurance policies can offer tax benefits. In Texas, these may include tax-free death benefits and the ability to accumulate cash value tax-free.

Greater Peace of mind

Finally, having life insurance can provide peace of mind knowing that your loved ones will be taken care of if something unexpected happens to you. This can help you focus on living your life to the fullest, without worrying about what might happen in the future.

Give Us A Call

Do you live in or near Round Rock, TX? Are you looking for life insurance? If so, be sure to reach out to us at DGIA LLC today for more information!

Auto Insurance Simplified

Posted on February 8, 2023February 8, 2023 by admin

Auto insurance can be a complex and confusing topic for many drivers. It’s important to understand what coverage you need and how it will protect you in case of an accident. DGIA, LLC – a leading insurance agency in Round Rock, TX – is here to simplify the process for you.

Auto Insurance Simplified

Auto insurance typically consists of several different types of coverage. Liability coverage is mandatory in most states and covers damage or injury you may cause to another driver or their property. Collision coverage covers damages to your own vehicle in case of an accident. Comprehensive coverage protects your vehicle from damages not caused by a collision, such as theft or weather damage. Personal injury protection and uninsured motorist coverage are also important options to consider.

At DGIA, LLC in Round Rock, TX, our experienced insurance agents can help you determine the right coverage for your needs. We understand that each driver is unique and will have different coverage requirements. Our agents will listen to your individual circumstances and help you select a policy that fits your specific needs and budget.

It’s also important to understand the cost of your auto insurance. Premiums are typically based on several factors such as your driving record, the type of car you drive, and the coverage you select. We can help you understand how these factors impact your premium and find ways to reduce your costs.

One simple way to save on auto insurance is to shop around. Different insurance companies offer different rates and discounts, so it’s important to compare quotes from several providers. We have access to multiple insurance carriers and can provide you with competitive quotes to ensure you are getting the best value for your coverage.

Contact Us Today

Auto insurance doesn’t have to be a complicated or confusing topic. DGIA, LLC in Round Rock, TX is here to simplify the process for you and help you understand the coverage you need to protect yourself and your vehicle. Contact us today to schedule a consultation and receive a quote for your auto insurance needs.

Commercial insurance that most companies can benefit from

Posted on January 16, 2023January 18, 2023 by admin

Businesses all over the country face an unsure future and risks every day of the year. The best you can do to help your business to survive is to make sure you know your risks and have the right commercial insurance to protect yourself as much as possible. Serving the greater Round Rock, TX community, DGIA LLC is an independent insurance agency that understands commercial insurance and will make sure you have what your business needs.

Commercial Property Insurance

Commercial property insurance can make all the difference between your business recovering from a covered peril and having to close its door. Even if you don’t own the building, there are major benefits that commercial property insurance provides. It covers the things that you use to do business. Depending on the type of business, there can be machines, display cases, appliances, inventory, raw materials, tools, and much more

Commercial Liability Insurance

Getting sued is one of the biggest dangers that most businesses face. One in three businesses gets sued in any given year, so chances are pretty good that you will be involved in legal action at some point. Between a judgment against you and legal fees, it could be enough to kill your business if you don’t have commercial liability insurance.

Workers Compensation

While the laws in Texas do not require workers’ compensation insurance, it is a benefit that your employee will appreciate, and it can save you as well.

Business Interruption Insurance

When your business is hit by a covered peril, your flow of income may come to a stop. Unfortunately, your bills will not stop. If you have business interruption insurance, it will provide the money you need to cover your bills and even salaries.

Give Us A Call

Contact DGIA LLC in Round Rock, TX to discuss the best options for commercial coverage.

What every new homeowner needs to know about home insurance

Posted on December 20, 2022December 20, 2022 by admin

When you buy your first home and have a mortgage, you will need to get home insurance for the first time. Home insurance is not one size fits all. Our team of expert insurance agents at DGIA LLC in Round Rock, TX understand that your policy needs to fit you, your home, and your financial situation.

Many coverage options have a deductible

If you file a claim with your home insurance carrier, the deductible will be taken out of the amount the insurance company pays you for your claim. It is on every individual claim, it is not a yearly deductible.

You choose your deductible

The amount of deductible you have on your policy is your option. It is usually somewhere between $500 and $2500 but can go as high as $5000.

You have choices when it comes to content coverage

Two options are available for content coverage. You can opt to have replacement cost or actual value. With the former, you will get enough to actually replace the items you have lost at today’s cost, and the actual value is what your items are worth today with depreciation.

Match your liability coverage to your assets

You can choose the amount of liability coverage that is right for you. If you have a lot of assets, you need more than if your home is all that you own.

Not everything is covered

All home insurance policies have exclusions. This includes floods, earthquakes, sinkholes, landslides, dangerous dogs, sewer backup, and owner neglect. Owner neglect includes mold, termites, rodent infestation, and wear and tear.