Should I Add a Second Car to My Auto Insurance Policy?

Many people have more than one car. When you get a second car, the question often comes up whether it is a wise idea to add the second vehicle to the first automobile insurance policy. That may or may not be the best solution.

When is a separate auto insurance policy a good idea?

Here are some things to consider:

Authorized Drivers: If there will be different driver’s who are authorized to drive each vehicle, it may be better to have a separate auto insurance policy for each one. If one of the authorized driver is very young, such as a teenager, it is likely better to restrict that driver to a lower-valued automobile and have a separate policy.

Use of the Vehicles: If there is any commercial use of one vehicle but not the other one, the policies need to be separate. If a vehicle will tow something, like a boat on a trailer, it may need to have a separate policy and additional coverage for what it tows.

Value of the Vehicles: If there is a significant difference in the value of the vehicles, perhaps having separate policies for them is a better way to protect a very valuable one with more comprehensive coverage.

Coverage and Deductibles: Some insurance companies apply the same coverage and deductible to all the vehicles under one policy. Others allow for these amounts to differ. This may affect your decision.

Specialty Autos: Vintage or antique vehicles need separate auto insurance.

Your Agent Will Help You Decide

There are many reasons why having separate auto insurance for more than one vehicle makes perfect sense. Work with your agent at Southwest Insurance Center, serving Austin TX and the nearby area, to get adequate coverage that is the best fit.

Your agent will check the quotes for the insurance with different insurance companies and compare them with the vehicles combined or separate and then give you a recommendation of the best options.

Call to speak with your agent at Southwest Insurance Center in Austin, TX to get an auto insurance review and a quote for new auto insurance coverage.

How Does Dwelling Fire Insurance Differ From Home Insurance?

Many home and property owners are confused as to the difference between dwelling fire insurance and home insurance, as well as when they need to purchase each type of insurance. At Southwest Insurance Center, serving Austin, TX, we want to help you ensure that you have the right type of insurance for your property. Here is what you need to know about dwelling fire insurance and home insurance. 

The Main Difference Between Dwelling Fire Insurance and Home Insurance

The biggest difference between dwelling fire insurance and home insurance is home insurance is designed to protect structures on property that you are living on. For example, home insurance will protect a home that you are residing in, as well as buildings on the property you are residing on, such as sheds, garages and barns. Dwelling fire insurance protects structures that you own but may not be living in, such as rental homes, rental property or a home that you are renovating to flip. 

Smaller Differences Between Dwelling Fire Insurance and Home Insurance

Another key difference between dwelling fire insurance and home insurance is what is covered by the insurance. Home insurance will cover the structure itself, as well as property that is stored within the building, such as furniture and clothing. Dwelling fire insurance only covers the structure itself against fire. It does not cover any of the personal property that you or a tenant may have stored inside of the home or building. 

Are you looking to purchase insurance for your property? Are you unsure whether home insurance or dwelling fire insurance is a good fit for you? Here at Southwest Insurance Center, serving Austin, TX, we can help you determine what type of insurance you need and then find the right insurance for your needs. Schedule an appointment with us today.