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Fire! Fire! PDF Print E-mail

Insurance and Rebuilding Your Home

 

Do you have enough coverage on your home to rebuild it if it burned to the ground? What does your appraised value have to do with your dwelling coverage amount?

 

July 5th, Joe and Sarah are awakened at 5:30a to someone banging on their door and repeatedly ringing the door bell. They hear, ‘WAKE UP, WAKE UP!!! YOUR HOUSE IS ON FIRE!!!’ Could this be you? YES!!! Their house burned to the ground along with all their belongings. Luckily no one was hurt. Now what. They call their insurance agent. The agent quickly contacts someone to begin cleaning up the mess and helps the client get their claim started. They will need a place to stay, some clothing and to begin the demolition and rebuilding process. What if, during the initial insurance purchase process the biggest concern to Joe and Sarah was the premium and not what the policy covered or if there was enough coverage. This could lead to a coverage amount of less the necessary cost to rebuild a home.  On average the minimum cost to rebuild starts @ $100/sqft. Question: What do Joe and Sarah do if they are under insured? Answer: They have to pay out of pocket any additional costs associated with rebuilding their home.

 

How do you keep this from happening to you? Review your reconstruction cost calculation on your insurance policy with your Agent.  Make sure your policy contains a dwelling coverage amount that meets or exceeds the estimator; no less than $100/sqft.  If ever in doubt, ask about extended replacement cost. A common question is “Shouldn’t my house be insured for the same dollar amount as the appraised value of the home?” The answer is no. The appraised value of your home is what the home is worth at that moment. As the housing market fluctuates, so does your appraised value. The dwelling coverage amount is simply the amount it will take to rebuild your home if it were to a total loss. Appraised value and dwelling coverage are like comparing apples to hamburgers, not even in the same food group.

 

We are happy to review your current policy coverages with you. The last thing you need is to have to come up with additional funds because your house burned down. Call our office anytime to make an appointment today!! 972.772.0540 or you can email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
Shopping for a home? Call your insurance agent PDF Print E-mail
Your insurance agent may be one of the last people you think you need to consult when shopping for a home. But you should view your insurance agent as an important partner in the home buying process, just like your real estate agent and mortgage lender.

Why? Some homes cost significantly more to insure than others, which can drive up your monthly house payment. In other cases, there may be needed repairs before you get can get coverage. That’s something you don’t want to find out a day or two before you’re scheduled to close. Here are some types of properties that can be costly to insure:

Distressed homes. Bank-owned properties can be great deals. But they also can have a number of issues, such as peeling paint, a roof that needs to be replaced or a crumbling patio. These would all have to be addressed before the property would qualify for homeowner’s insurance coverage.

Older homes. Older heating, cooling and wiring systems or anything that doesn’t meet construction code could be a concern.

Homes with safety issues. Some homes have safety concerns, such as stairs and steps without handrails or a lack of fencing around swimming pools.

A quick call to your insurance agent when you find a home you’re thinking of buying is a good first step. Happy house hunting!

 
Crazy Accident, Underinsured and GAP! PDF Print E-mail

Everyone has a budge, but when it comes to providing the best value, it is coverage first!  This value proposition was proven by the decisions one of our customers made about their auto insurance policy.   With the permission of our client we have posted pictures of a recent accident on The Fite Agency facebook page www.facebook.com/thefiteagency . In the accident, our client had right of way.  The damage resulted in the vehicle being totalled.  Our client had chosen to have Uninsured/Underinsured Motorist coverage on their policy as well as GAP coverage also known as auto loan/lease coverage.  The vehicle that was at fault could potentially have no inusurance or the state minimum limits of liabilitly.  Both would result in inadequate coverage to pay for the totalled Range Rover.  The Uninsured/Underinsured motorist coverage would pick up the difference in the coverage and ACV of the vehicle.  But what about the difference between the actual cash value (ACV) of the totalled vehicle and the loan amount.  That is where the GAP coverage comes in.  A loan amount can exceed the vehicle value for many reasons including depreciation and higher interest rates.  Be careful though because roll over these may not be covered:  1. Cost for extended warranties 2. Credit Life Insurance, Health, Accident or Disability insurance purchased with the loan or lease; or security deposits not refunded by a lessor;financial penalties imposed under a lease for excessive use.  3. Abnormal wear and tear or high mileage 4. overdue loan/lease payments at the time of loss

Call our office to learn more about how we can give you the best insurance value; customized specifically to meet your needs.  972-772-0540 

 
Insurance Companies We Represent PDF Print E-mail

At The Fite Agency we’ll work with you to understand your unique insurance needs. We’ll follow up with many fine insurance providers to deliver high-quality; affordable insurance options tailored to deliver the value and coverage you’re seeking.

Call us today 972-772-0540 or click on the quote now button to get free insurance quotes 24/7 instantly.

Some of our insurance partners include the following industry leaders:

Safeco, MetLife, Hartford, Kemper, Stillwater, Progressive, etc.

The Fite Agency is independently owned and locally operated to handle your insurance needs. We write all counties in Texas including

Anderson
Andrews
Angelina
Aransas
Archer
Armstrong
Atascosa
Austin
Bailey
Bandera
Bastrop   
Baylor
Bee
Bell
Bexar
Blanco
Borden
Bosque
Bowie
Brazoria
Brazos
Brewster
Briscoe
Brooks
Brown
Burleson
Burnet
Caldwell
Calhoun
Callahan
Cameron
Camp
Carson
Cass
Castro
Chambers
Cherokee
Childress
Clay
Cochran
Coke
Coleman
Collin
Collingsworth
Colorado
Comal
Comanche
Concho
Cooke
Coryell
Cottle
Crane
Crockett
Crosby
Culberson
Dallam
Dallas
Dawson
De Witt
Deaf Smith
Delta
Denton
Dickens
Dimmit
Donley

Duval
Eastland
Ector
Edwards
El Paso
Ellis
Erath
Falls
Fannin
Fayette
Fisher
Floyd
Foard
Fort Bend
Franklin
Freestone
Frio
Gaines
Galveston
Garza
Gillespie
Glasscock
Goliad
Gonzales
Gray
Grayson
Gregg
Grimes
Guadalupe
Hale
Hall
Hamilton
Hansford
Hardeman
Hardin
Harris
Harrison
Hartley
Haskell
Hays
Hemphill
Henderson
Hidalgo
Hill
Hockley
Hood
Hopkins
Houston
Howard
Hudspeth
Hunt
Hutchinson
Irion
Jack
Jackson
Jasper
Jeff Davis
Jefferson
Jim Hogg
Jim Wells
Johnson
Jones
Karnes
Kaufman

Kendall
Kenedy
Kent
Kerr   
Kimble
King
Kinney
Kleberg
Knox
La Salle
Lamar
Lamb
Lampasas
Lavaca
Lee
Leon
Liberty
Limestone
Lipscomb
Live Oak
Llano
Loving
Lubbock
Lynn
Madison
Marion
Martin
Mason
Matagorda
Maverick
McCulloch
McLennan
McMullen
Medina
Menard
Midland
Milam
Mills
Mitchell
Montague
Montgomery
Moore
Morris
Motley
Nacogdoches
Navarro
Newton
Nolan
Nueces
Ochiltree
Oldham
Orange
Palo Pinto
Panola
Parker 
Parmer
Pecos
Polk
Potter
Presidio
Rains
Randall
Reagan
Real


Red River
Reeves
Refugio
Roberts
Robertson
Rockwall
Runnels
Rusk
Sabine
San Augustine
San Jacinto
San Patricio
San Saba
Schleicher
Scurry
Shackelford
Shelby
Sherman
Smith
Somervell
Starr
Stephens
Sterling
Stonewall
Sutton
Swisher
Tarrant
Taylor
Terrell
Terry
Throckmorton
Titus
Tom Green
Travis
Trinity
Tyler
Upshur
Upton
Uvalde
Val Verde
Van Zandt
Victoria
Walker
Waller
Ward
Washington
Webb
Wharton 
Wheeler
Wichita
Wilbarger
Willacy
Williamson
Wilson
Winkler
Wise
Wood
Yoakum
Young
Zapata
Zavala

We offer affordable and reliable insurance choices all across Texas and are adding new states every year.  We are also licensed in Arkansas, Arizona, California, Colorado, Indiana Kentucky, New Mexico,  South Carolina, Tennessee, and growing

THE FITE AGENCY: More Options, Better Coverage…Less Money!!. Call for a quote today at 972-772-0540 or click on the Quote now button to get quotes instantly 24/7.

 

 
Insurance Companies We Represent PDF Print E-mail

At The Fite Agency we’ll work with you to understand your unique insurance needs. We’ll follow up with many fine insurance providers to deliver high-quality; affordable insurance options tailored to deliver the value and coverage you’re seeking.

Call us today 972-772-0540 or click on the quote now button to get free insurance quotes 24/7 instantly.

Some of our insurance partners include the following industry leaders:

Safeco, MetLife, Hartford, Kemper, Stillwater, Progressive, etc.

The Fite Agency is independently owned and locally operated to handle your insurance needs. We write all counties in Texas including

Anderson
Andrews
Angelina
Aransas
Archer
Armstrong
Atascosa
Austin
Bailey
Bandera
Bastrop   
Baylor
Bee
Bell
Bexar
Blanco
Borden
Bosque
Bowie
Brazoria
Brazos
Brewster
Briscoe
Brooks
Brown
Burleson
Burnet
Caldwell
Calhoun
Callahan
Cameron
Camp
Carson
Cass
Castro
Chambers
Cherokee
Childress
Clay
Cochran
Coke
Coleman
Collin
Collingsworth
Colorado
Comal
Comanche
Concho
Cooke
Coryell
Cottle
Crane
Crockett
Crosby
Culberson
Dallam
Dallas
Dawson
De Witt
Deaf Smith
Delta
Denton
Dickens
Dimmit
Donley

Duval
Eastland
Ector
Edwards
El Paso
Ellis
Erath
Falls
Fannin
Fayette
Fisher
Floyd
Foard
Fort Bend
Franklin
Freestone
Frio
Gaines
Galveston
Garza
Gillespie
Glasscock
Goliad
Gonzales
Gray
Grayson
Gregg
Grimes
Guadalupe
Hale
Hall
Hamilton
Hansford
Hardeman
Hardin
Harris
Harrison
Hartley
Haskell
Hays
Hemphill
Henderson
Hidalgo
Hill
Hockley
Hood
Hopkins
Houston
Howard
Hudspeth
Hunt
Hutchinson
Irion
Jack
Jackson
Jasper
Jeff Davis
Jefferson
Jim Hogg
Jim Wells
Johnson
Jones
Karnes
Kaufman

Kendall
Kenedy
Kent
Kerr   
Kimble
King
Kinney
Kleberg
Knox
La Salle
Lamar
Lamb
Lampasas
Lavaca
Lee
Leon
Liberty
Limestone
Lipscomb
Live Oak
Llano
Loving
Lubbock
Lynn
Madison
Marion
Martin
Mason
Matagorda
Maverick
McCulloch
McLennan
McMullen
Medina
Menard
Midland
Milam
Mills
Mitchell
Montague
Montgomery
Moore
Morris
Motley
Nacogdoches
Navarro
Newton
Nolan
Nueces
Ochiltree
Oldham
Orange
Palo Pinto
Panola
Parker 
Parmer
Pecos
Polk
Potter
Presidio
Rains
Randall
Reagan
Real


Red River
Reeves
Refugio
Roberts
Robertson
Rockwall
Runnels
Rusk
Sabine
San Augustine
San Jacinto
San Patricio
San Saba
Schleicher
Scurry
Shackelford
Shelby
Sherman
Smith
Somervell
Starr
Stephens
Sterling
Stonewall
Sutton
Swisher
Tarrant
Taylor
Terrell
Terry
Throckmorton
Titus
Tom Green
Travis
Trinity
Tyler
Upshur
Upton
Uvalde
Val Verde
Van Zandt
Victoria
Walker
Waller
Ward
Washington
Webb
Wharton 
Wheeler
Wichita
Wilbarger
Willacy
Williamson
Wilson
Winkler
Wise
Wood
Yoakum
Young
Zapata
Zavala

We offer affordable and reliable insurance choices all across Texas and are adding new states every year.  We are also licensed in Arkansas, Arizona, California, Colorado, Indiana Kentucky, New Mexico,  South Carolina, Tennessee, and growing

THE FITE AGENCY: More Options, Better Coverage…Less Money!!. Call for a quote today at 972-772-0540 or click on the Quote now button to get quotes instantly 24/7.

 

 
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The Fite Agency

311 E Interstate 30  

Rockwall, TX 75087

 972-772-0540

 

Remainder of State Toll Free
866-429-FITE (3483)

Personal and Business Insurance Agency

Let the Fite Agency provide you with competitive priced products and excellent customer service through superior rated insurance companies.