I’m Buying a New Car. Do I Have to Get Car Insurance?

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Car insurance is mandated by law in most states. At Ed Thompson Insurance Agency, serving Omaha, NE, we can assist car owners in obtaining the coverage they need to comply with the law. If you’re not yet a car owner but are planning to buy one soon, here’s what you need to know about car insurance.

Is Car Insurance Required?

Nebraska law mandates that all drivers carry proof of financial responsibility when they are driving. For most drivers, this means that they must carry car insurance. If you’re unsure whether you have met the minimum requirement to drive a vehicle in Nebraska, call your insurance agent to find out.

When Should I Get Car Insurance?

If you’re buying a new car, you’ll need car insurance to drive the car off the lot. Your car salesperson may require you to show proof of insurance before you can take ownership of the car. If you’re getting a car loan, you may be required to get a specific type of car insurance, like full coverage. The car loan will not fund unless you can produce proof of the required insurance.

What Kind of Car Insurance Should I Get?

To comply with state laws, the minimum insurance required is liability coverage. If you do not have a car loan, this is the type of insurance you must get. If you have a car loan, your lender may require you to get the maximum amount of insurance coverage available. This helps ensure that you’ll have the resources to repair the car until you’ve paid off the loan.

Do you have questions about what type of insurance is right for you? Call Ed Thompson Insurance Agency, serving Omaha, NE. We’re here to help you get answers to your questions about car insurance. Call today.

What Condo Insurance Protects for Residents of Tomball

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For condo owners and investors living in Tomball, TX, obtaining adequate condo insurance is essential to prevent the loss of your investments and assets. Condo insurance in Texas is often referred to as the H0-6 policy. If you’re currently located in Tomball and need condo insurance, Hastings Insurance Agency LLC can help you find the coverage you need to feel confident and secure all year round.

Core Condo Insurance Protection in Texas

For condo owners living in Texas, an H0-6 policy protects:

  • Building dwelling: Interior walls, floor coverings, countertops, and built-ins. Typically, limits range between $ 25k and $ 100k, depending on your policy.
  • Personal property: Property such as furniture, decor, electronics, and clothing not attached to walls is covered. Limits can range from $40k to $100k and beyond.
  • Loss of use: Additional living expenses, including meals and hotels, may be covered.
  • Personal liability/medical payments: Depending on your policy, medical bills and/or lawsuits may be covered between $100k and $500k.
  • Loss assessment: Your share of an HOA special assessment may be covered after filing a significant claim. In most cases, the coverage is approximately $10k.

What a Standard H0-6 Does Not Cover

Even if you have a standard H0-6 policy for your condo, it’s important to understand what’s not potentially covered, such as:

  • Intentional acts, along with any business inventory stored or used in your condo
  • Insects, vermin, and pests
  • Wear-and-tear claims
  • Natural earth movement incidents, such as sinkholes and/or earthquakes
  • Surface and flood water, which require separate policies for complete protection

Understanding what condo insurance (H0-6 policies) covers in Tomball, TX, is key to adequately obtaining the right policy for your needs. If you’re located in Tomball and searching for a new condo insurance policy, we can help. For more information, contact Hastings Insurance Agency LLC today.

Does Your Business Need Cyber Insurance?

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If you own a business, you know that there are many commercial insurance policies that you may need. There are quite a few, which can make it harder to determine which ones you need. Cyber insurance is just one type of commercial insurance. It’s a crucial type for many businesses, and it’s becoming increasingly necessary for businesses of all sizes. If you may need cyber insurance, give us a call at Ed Thompson Insurance Agency in Omaha, NE.

Computer Data

Businesses increasingly depend on computer networks to get business done. Records are being digitized, and several other functions are being transferred to computer systems. When a company has a lot of data in its system, it’s vulnerable to hacking attempts. Businesses of all sizes these days are being targeted and having their data stolen. That data can then be leaked or even held for ransom. It’s often sold to people who have nefarious intentions. This data usually includes personal information for customers and employees, which can be dangerous if it falls into the wrong hands.

Protection Against Risk

With the risk of data theft, it’s essential to be protected against it. That’s what cyber insurance does. With cyber insurance, you have some protection against the aftermath of a hack that steals your data. If you were to lose customer and employee data, your cyber insurance could cover many of the expenses that follow. This includes making remuneration to those whose data was plundered. This can save a business that might have gone under from the weight of those costs.

Securing Cyber Insurance in Nebraska

When you have a computer network full of data, you can protect your business with cyber insurance. To get started, contact us at Ed Thompson Insurance Agency in Omaha, NE, to learn more.

Is Hail Included in Home Insurance Policies?

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Living in Omaha, NE, means that you’ll sometimes be subjected to hail. While hail can seem fun, it can end up damaging your home, and you’ll want to know if your home insurance policy covers it. The truth is that not all insurance policies cover hail. So, our Ed Thompson Insurance Agency agents are here to walk you through what you should know.

Understanding Hail as a "Covered Peril"

Often, hail is listed in home insurance policies as a covered peril, which means that if the hail damages your home, the policy will cover repairs and replacements. However, if it damages anything else, then you may not be protected. Ensuring that all of your property is covered is essential.

Remembering the Role of Deductibles

People often forget that they have to pay a deductible before the home insurance policy kicks in. So, if you have hail that damages your home, you may have to pay for it before insurance kicks in. That’s why it’s important to understand what your deductible is and how much is covered.

In Omaha, NE, one of the major issues is that some areas are prone to hailstorms. If your home is in an area prone to these weather conditions, you will be paying higher deductibles already. Insurance companies will have higher premiums in this area to account for hailstorms and the damage that they cause.

Exploring Additional Hail Coverage Plans

Luckily, if you live in an area that has hail frequently, you can purchase additional or specialized coverage. Not all insurances offer this, so you’ll want to check with your home insurance policy before buying a plan. That said, if you’re still confused about the process, our agents at ED Thompson Insurance Agency can help you find additional plans suitable to your coverage. All you have to do is contact us today.

What is an SR-22 Form?

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When you own a car, one of your responsibilities will be to purchase auto insurance. There are many different options to choose when buying an auto insurance policy. If you’re in the Omaha, NE, area, we invite you to bring your questions to our Ed Thompson Insurance Agency team. We’ve been providing service for clients in your area since 2001.

Understanding the SR-22 Form

If you live in Nebraska, and your driver’s license is suspended or revoked due to a court action, you must still prove that any vehicles on your property are currently insured. This requirement refers to cars, motorcycles, trucks, or vans. To confirm that you have the required insurance, you must complete an SR-22 form. The SR-22 is the only form the State of Nebraska will accept as proof of insurance.

According to the Nebraska Department of Motor Vehicles, it’s your responsibility to notify your insurance company that you need an SR-22 form. Once you complete the form, it must be mailed or delivered in person to the Nebraska Department of Motor Vehicles. The DMV doesn’t accept photocopies or faxed copies of an SR-22 form. To make the form official, it must be signed by an insurance company official whose signature is authorized by the DMV.

Contact Us Today for Your Appointment

Each member of our team at The Ed Thompson Insurance Agency is dedicated to helping you find the best policy for your needs at an affordable price. Clients who live near Omaha, NE, will find our agents knowledgeable and responsive to their questions. We will review various insurance policies with you to ensure you know all your options. Call us for an appointment today so we can assist you with your insurance needs.

Protecting Your Business Fleet With Commercial Auto Insurance in Omaha

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Properly insuring your commercial fleet is essential as a business owner in Omaha, NE. Commercial auto insurance can help protect your investments from damage, theft, or even weather-related incidents. Understanding the significance of commercial auto insurance in Omaha is possible by working with a trusted provider, such as Ed Thompson Insurance Agency.

Commercial Auto Insurance in Omaha

Commercial auto insurance extends beyond traditional auto protection and is ideal for those who own businesses or have commercial investments in Omaha. Some of the most notable key features of commercial auto insurance include:

  • Physical Damage Coverage: If your commercial vehicles are damaged by incidents or accidents, commercial auto coverage will help with repairs and updates.
  • Liability: Commercial insurance in Omaha protects against property damage and injury when it comes to liability claims.
  • Medical Expenses: The commercial insurance policy in effect for you and your organization will cover injuries sustained by your employees during an auto accident.
  • Underinsured/Uninsured Coverage: Underinsured and/or uninsured coverage offers additional protection if your commercial vehicles are involved in an accident with another driver who does not currently have insurance.

Commercial insurance benefits Omaha businesses by protecting employees, reducing liability, and enforcing local and state laws. Commercial auto insurance is a must for those who want to protect their business assets in any industry.

Any business owner in Omaha, NE, that utilizes commercial vehicles or has invested in a commercial vehicle fleet should understand the importance of commercial auto insurance. Whether you’re seeking a general liability policy or have a specific plan, we can help. Contact Ed Thompson Insurance Agency today for a consultation and to discover which commercial insurance policy is right for you.

Can You Get a Mortgage Without Home Insurance?

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Buying a house is a process that involves numerous steps and careful consideration. While researching how you’re going to finance your new property, you may come across several sources stating that your mortgage lender will require you to get home insurance to secure your funding. But, prospective homeowners may wonder, is this necessary? Do you have to buy home insurance to purchase a home? Let’s delve into this topic to understand the general rule of thumb. When you’re ready to purchase a home insurance policy, Ed Thompson Insurance Agency in Omaha, NE, will be here to help you secure the right policy for your future property!

Is Home Insurance Necessary for a Mortgage?

So, can you secure a mortgage without purchasing home insurance? It’s highly unlikely. Much like you’re investing in a new property, a mortgage lender is investing in you and wants to ensure that they don’t lose the money they’ve given you along the way. If something happens to your home and you find yourself unable to pay for the damages, it can quickly result in foreclosure. Mortgage lenders have to protect their investments, which is why home insurance is often required to provide the necessary coverage for any damages. Getting a mortgage without home insurance might only be possible if you can fund most or nearly all of the homes yourself, but that’s not probable for most homebuyers.

Secure the Necessary Insurance to Buy a Home with Ed Thompson Insurance Agency

We’re on your side if you’re ready to buy a home and protect your property. Start with the Ed Thompson Insurance Agency team in Omaha, NE. Compare quotes with our help today!

What’s the Difference Between Working With an Auto Insurance Company and an Auto Insurance Broker?

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The world of auto insurance can be confusing, especially when deciding between working directly with an insurance company or a broker. At Ed Thompson Insurance Agency, serving the greater Omaha, NE region, we’re here to clarify these options so you can make an informed choice.

Auto Insurance Companies

When you work directly with an auto insurance company, you purchase a policy from a specific provider. This means you’re limited to the company’s products and rates. While this can simplify the process, as you’re dealing with just one entity, it may not provide the flexibility to compare options from different insurers.

Auto Insurance Brokers

On the other hand, an auto insurance broker acts as an intermediary between you and multiple insurance companies. Brokers can access a wide range of policies and offer personalized advice based on your specific needs and budget. Their goal is to find the best coverage for you, often saving you time and money by comparing different plans.

Which Is Right for You?

Choosing between a company and a broker depends on your preferences. Working directly with an insurance company might be best if you value having a straightforward relationship with a single provider. However, if you prefer a tailored approach with more options, a broker could offer the flexibility and expertise you need.

Let Us Help You Decide

At Ed Thompson Insurance Agency, serving the larger Omaha, NE area, we’re committed to helping you understand your auto insurance choices. Contact us today if you’re leaning towards a direct company or exploring broker options. Our team is ready to guide you through the process and find the perfect solution for your auto insurance needs.

Do You Need Commercial Insurance to Sell Items Online?

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No federal or state laws mandate online vendors to purchase commercial insurance. However, this doesn’t imply that entrepreneurs in Omaha, NE should disregard insurance completely. Some platforms, like Amazon, necessitate the purchase of certain types of insurance coverage. Other forms of coverage may be crucial to safeguard your business from devastation in the event of an unexpected disaster.

What Types of Commercial Insurance Do You Need to Sell Items Online?

Amazon mandates that vendors procure a general liability insurance policy. This coverage protects you from lawsuits if someone gets injured while dropping off or picking up products from your home or warehouse. It also covers legal expenses if a competitor accuses you of slander or copyright infringement. Moreover, most general liability insurance policies include property damage coverage, which is vital for any vendor selling physical products. With property damage coverage, you’ll receive compensation for legal, settlement, and judgment costs if someone alleges your products injured them and sues you for damages.

It’s also advisable to purchase business property insurance, even if you operate your business from home. Home insurance doesn’t cover damage to business assets and products. This implies you could lose a significant amount of money in the event of theft or a natural disaster. Cybersecurity coverage is another policy that could help you avoid substantial loss, as it provides compensation for a hack or data breach.

Commercial Insurance Options from Ed Thompson Insurance Agency

The Ed Thompson Insurance Agency specializes in assisting Omaha, NE business owners in finding excellent insurance options at a competitive price. Contact us to learn more or to get a policy quote.

Will I need to have home insurance in Nebraska?

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Securing Your Omaha Home with Proper Insurance

Investing in real estate in Omaha, NE has been beneficial for many individuals. When purchasing a home in this area, you must ensure you appropriately cover and protect it – a task best accomplished with sufficient home insurance. There are several reasons why you need to have home insurance here.

Guaranteeing Adequate Coverage

The primary reason for having home insurance in Nebraska is to guarantee you have the correct coverage. When buying a home, you’re investing in an asset you’ll want to enjoy and protect for many years. A comprehensive home insurance plan covers you in the event of a loss and provides you with invaluable liability insurance should you be held responsible for any damages.

Meeting Compliance Standards

Often, when you purchase a home, various agreements require you to maintain adequate home insurance. These could be related to living in a homeowner’s association or having a mortgage. Keeping home insurance ensures you comply with these agreements and maintain your good standing.

As you decide to purchase a property in Omaha, NE, don’t forget to secure an appropriate home insurance policy. When searching for coverage, feel free to call our Ed Thompson Insurance Agency team. When you contact us, you’ll receive all the necessary assistance to develop a new policy that adequately covers you and your home.