Month: May 2025

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.