Reasons Why It’s Dangerous to be Uninsured

It might seem appealing to hold off on purchasing life insurance because you’re young or healthy. However, you could find your loved ones in a predicament if you believe you don’t need life insurance. The consequences of not purchasing a policy through Southwest Insurance Center, serving Austin, TX and the surrounding area, could be tremendous. 

1. Your Loved One’s Business or Assets

Whoever steps up to the plate to take care of the expenses when you die could find themselves in debt. It could affect their business or assets. This is especially the case if they have to take out a loan and end up not being able to pay for it. 

2. Business Expenses

If you pass and own a business, especially with another person, the debt of your business will fall into the hands of your next of kin. If you have a partner, you could harm him or her financially when you pass, but an insurance policy can help. 

3. Family Financial Ruin

If you have a home that’s not paid off, young children or debt, think about what your family is financially going to do without you. You could leave them without a way to pay off the home, take care of the children or pay off debt. 

4. Stress

Your loved ones will be stressed enough after your passing. Relieve them of some of the stress they have by having an insurance policy that allows them to focus on mourning you. If you pass unexpectedly, it makes it even harder on your family. When your family doesn’t have the money for the funeral they want for you, it’ll leave them with a permanent regret. 

Contact Southwest Insurance Center, serving Austin, TX and the surrounding area, to open a life insurance policy by calling 512-280-6100. 


When Should You Consider Buying Flood Insurance?

At Southwest Insurance Center, serving the greater Austin, TX area, we have learned that there are a lot of misconceptions out there surrounding flood insurance. Flood insurance is not typically included in your home insurance policy. It is an add-on policy that you can purchase. But many people do not know when they should buy it or if they should. Here is some information that you should consider if you are on the fence about buying this type of insurance. 

Your Flood Risk Zone

If you live in a home zoned as an A or V flood zone, your risk of flooding is high. In many cases, lenders require you to purchase flood insurance if you live in one of these high-risk flood areas. If you live in one of these areas, buying flood insurance is something you should do, even if it isn’t required. If you live in a flood zone B, C, or X, you have a low to moderate risk of flooding. It is up to you to decide if you should purchase flood insurance. If you live in a D zone, the risk has not yet been assessed, typically because it is an area that doesn’t have a lot of residents or is slowly being build up. 

The Risk For Low to Moderate Flood Zones

Over 20 percent of all homes that are flooded are zoned as a low to moderate flood zones. This is one out of five houses. As such, you should not disregard buying flood insurance just because you view your risk as being small. If you cannot afford to replace your home without causing yourself financial hardship, you should consider insuring it with flood insurance. 

If you are looking to obtain a quote for flood insurance in the Austin, TX area, let Southwest Insurance Center help. Call us today to get started on your free quote.