​As a Texas homeowner, you may have heard about the 2% deductible rule and wondered what it means for you. This rule, which was implemented in 2009, requires insurance companies to offer a deductible of at least 2% of the insured value on homeowners insurance policies. While this may seem like a small detail, it can actually have a big impact on your coverage and premiums.

At Insure HTX, we understand the importance of staying informed about changes in the insurance industry. As an insurance broker serving the greater Houston area, including surrounding cities such as Humble, Kingwood, Conroe, The Woodlands, and Spring, we want to ensure that all homeowners are aware of the 2% deductible rule and how it may affect them.

What is the 2% Deductible?

The 2% deductible rule was put in place by the Texas Department of Insurance to address the rising cost of homeowners insurance in the state. It requires insurance companies to offer a minimum deductible of 2% of the insured value on homeowners insurance policies, with a maximum limit of 5%. This means that if your home is insured for $200,000, your minimum deductible would be $4,000 and your maximum deductible would be $10,000.

Why Was it Implemented?

The 2% deductible rule was implemented to help make homeowners insurance more affordable in Texas. Prior to its implementation, many homeowners were facing high premiums and deductibles, making it difficult for them to obtain coverage. By increasing the deductible, insurance companies were able to lower their premiums, making homeowners insurance more accessible to Texans.

What Does This Mean for You?

The 2% deductible rule means that you may see a change in your homeowners insurance premiums. If you currently have a deductible lower than 2%, you may see an increase in your premiums to meet the minimum requirement. On the other hand, if you have a deductible higher than 2%, you may see a decrease in your premiums. It is important to review your policy and talk to your insurance agent to fully understand how the 2% deductible rule will affect you.

What Should You Do?

If you are a Texas homeowner, we recommend reviewing your current homeowners insurance policy to ensure that you are meeting the 2% deductible requirement. If you have a deductible lower than 2%, it may be beneficial to increase it to meet the minimum requirement and potentially lower your premiums. If you have a deductible higher than 2%, you may want to consider keeping it to continue receiving lower premiums.

Additionally, it is always a good idea to review your homeowners insurance policy annually to make sure you have adequate coverage for your home and belongings. At Insure HTX, we can help you review your policy and make sure you are getting the best coverage at the best price.

Get a Quote or Review Your Current Insurance Today!

If you are a Texas homeowner in the greater Houston area, including Humble, Kingwood, Conroe, The Woodlands, and Spring, contact Insure HTX for all your insurance needs. We are dedicated to providing personalized and comprehensive insurance solutions for our clients. Don't wait until it's too late, get a quote or review your current insurance today and make sure you are protected. Contact us now to get started!

If you own a trucking business in the greater Houston area, you know how important it is to have the right insurance coverage. With the bustling city of Houston and its surrounding areas, including Humble, Kingwood, Conroe, The Woodlands, and Spring, there is a high demand for trucking services. However, with that demand comes a need for adequate protection in case of accidents, damages, or other unforeseen events.

As the owner of Insure HTX, an insurance broker in the greater Houston area, we understand the unique insurance needs of trucking businesses in Texas. In this blog, we'll cover everything you need to know about trucking insurance in Texas and how we can help protect your business.

Types of Trucking Insurance in Texas

There are several types of trucking insurance policies available to cover different aspects of your business. These include:

1. Liability Insurance: This is the most basic type of trucking insurance and is required by law in Texas. It covers damages and injuries caused by your truck to other people or property.

2. Physical Damage Insurance: This type of insurance covers damages to your truck in case of an accident, theft, or vandalism.

3. Cargo Insurance: If you're hauling valuable goods or products, cargo insurance will protect you in case of loss or damage to the cargo.

4. Bobtail Insurance: This covers your truck when it is not attached to a trailer, such as when you're driving between jobs.

5. Non-Trucking Liability Insurance: When your truck is used for non-business purposes, such as personal use, this insurance will provide liability coverage.

6. Occupational Accident Insurance: This provides coverage for medical expenses and lost wages in case of injuries to you or your employees while on the job.

Why You Need Trucking Insurance in Texas

Trucking insurance is essential for any business that operates commercial vehicles in Texas. Not only is it required by law, but it also protects your business from financial losses in case of accidents or other events. Without proper insurance coverage, your business could face significant expenses that could cripple your operations.

In addition, in case of an accident or damage, insurance can help mitigate any legal liabilities and protect your business's reputation. It also provides peace of mind knowing that your business is protected in case of any unexpected events.

Why Choose Insure HTX for Your Trucking Insurance Needs?

At Insure HTX, we have a team of experienced insurance agents who specialize in trucking insurance in Texas. We understand the unique risks faced by trucking businesses in the greater Houston area and can help you find the right coverage for your specific needs.

We work with multiple insurance carriers to provide you with competitive rates and comprehensive coverage options. Our team is dedicated to providing personalized service and finding the best solutions for your business's insurance needs.

Don't wait until it's too late. Contact Insure HTX today to review your current trucking insurance or request a quote for a new policy. Our team is ready to help protect your business and give you the peace of mind you deserve. Let us be your partner in navigating the complex world of trucking insurance in Texas.