Rising Star Insurance Group, Inc. Secures Comprehensive Insurance Coverage for Prestigious Plano Homeowners Association

Being prepared for an emergency means having kits ready to go! Your kits should include: Food and water First aid kit Flashlight Battery-powered radio Extra batteries Cell phone with chargers Make at least two preparedness kits: One to keep at home and one for each car. If you’re looking for a quality food and/or Emergency Preparedness Kits, we suggest www.mypatriotsupply.com Whether you have questions about Emergency Preparedness or any of your insurance needs, feel free to Call, Click or Come by TODAY. We’re always here to help. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

Selling a home can seem daunting, but these handy tips can help you sell yours faster and more efficiently: 1. Spend time on cost-effective tasks like repainting. 2. Empty closets of half their contents to make storage space appear larger. 3. Depersonalize your home by packing up family photos and knickknacks. 4. Clean windows, wash curtains, clean lampshades, and increase bulb wattage to maximize light. 5. Repair/replace faulty handles, hinges, and closet tracks. 6. Spend money on needed repairs. Replace the aging water heater instead of the kitchen counter. 7. Skip expensive renovations: inexpensive improvements, like repainting cabinets and replacing knobs in the kitchen, can go a long way. 8. Always be ready to show your home. Whether you’re selling or buying a new home, it’s always a good idea to contact your local Independent Insurance Agent. Feel free to Call, Click or Come by TODAY. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

Dwelling insurance reimburses you for losses caused by covered events. Depending on the claim type, your insurer will calculate the cost of replacing or repairing your property by looking at its actual cash value (ACV) or replacement cost value (RCV). Claim payments related to the physical structure of your home are typically based on RCV. Personal property claim payments may use either ACV or RCV, depending on the policy. What is Actual Cash Value (ACV) Coverage? Actual cash value coverage yields claim payments based on the property’s current estimated value, so your payment will be reduced to account for depreciation and normal wear and tear. It typically applies to the personal property part of your dwelling policy. What is Replacement Cost Value (RCV) Coverage? Unlike ACV coverage, replacement cost value does not account for depreciation or wear and tear. Instead, it reimburses you based on how much it would cost to replace, repair, or rebuild your property at current prices. What is the difference between ACV and RCV coverage? While ACV typically applies to personal property, RCV can be applied to both dwelling and personal property. The big difference is that ACV considers the depreciation of lost or damaged items, while RCV does not. How does ACV work? Say your personal property policy uses ACV to settle claims, and your television, which you purchased for $1,000, is ruined by a power surge. If your insurer concludes its value has depreciated by half since your purchase, you will receive $500, minus any deductible. How does replacement cost value work? Say your dwelling policy uses RCV to settle claims, and your house is destroyed by fire. Your policy has a $500,000 coverage limit, but your total rebuilding cost is estimated at $510,000. You will be responsible for the amount that exceeds your coverage, as well as any deductible.  We hope this article helps demystify ACV versus RCV. If you have any additional questions, please feel free to Call, Click or Come by. We’re always here to help. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years Source: https://www.usnews.com/insurance/homeowners-insurance/actual-cash-value-vs-replacement-cost

Regardless of your business type, you are likely to transmit other people’s electronic data in the regular course of your business. Data you transmit electronically—belonging to you and/or others—can be breached in a single incident. Cybersecurity insurance protects your business if that data is compromised. Here are a few types of losses that may be covered by a cyber insurance policy: “First-party” losses associated with damage to and restoration of the breached system, if the losses were caused by a covered event like a hack or virus. “Third-party” losses arising out of claims against your business lodged by others whose data was compromised, like your customers, employees, or vendors. Losses, like loss of income and/or expenses, resulting from a temporary shutdown or avoiding a temporary shutdown after a cyberattack. Costs associated with bringing in an expert to help you restore or reconstruct your missing data. These losses are not covered by a standard commercial property policy, because those are intended to cover losses caused by a physical event (fire, etc.). If you have questions about cybersecurity policies, feel free to Call, Click, or Come by TODAY! Here at Rising Star Insurance Group, we’re always here to help. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

Condominium unit owners have specialized insurance needs because they own their individual unit but not the entire building. Here’s what most condo insurance policies cover: Some types of weather damage, including damage caused by hail, wind, or lightning Losses caused by other events, like fire, theft, or vandalism Accidental discharge of water from within a plumbing system Artificial generation of electrical current Here are a few events that can cause losses unlikely to be covered by condo insurance: Flood, earthquakes, mudslides, contamination, or rodent infestation Business or professional pursuits Ownership, maintenance, or operation of aircraft, motor vehicles, or some watercraft  Common areas of a condominium, like walls, roof, floors, and elevators, aren’t likely to be covered by a condo unit policy, but those areas should be covered by the condo building “master” policy. Contact Rising Star Insurance Group to build a policy that’s right for you. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

Buying insurance can be confusing. Price is important, but so is getting coverage that fits your needs. You want excellent value for your money, whether you’re buying protection for your home, your car, or your business. Independent insurance agents are not limited to selling insurance provided by only one company; they can shop around to various companies on your behalf. That way, your independent agent can identify the combination of coverage, price, and service that fits you best. An independent agent will find you a carrier that sells the kind of policy you need. Your independent agent will also provide exceptional customer service by: customizing recommendations to fit your family and budgetary needs explaining insurance policy options in plain language finding you available discounts recommending changes to your coverage as your needs change when necessary, helping you complete claims forms and updating you on progress of your claim  Here at Rising Star Insurance Group, we are proud to serve as active members in your local community. Whether you are in the market to purchase insurance or if you just want a third party to review what you currently have…We’re here to help. Call, Click or Come by TODAY! Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

Ease your child’s transition to college by making sure your family is protected. 1. Health insurance. If your child has been on your health insurance, they can probably stay until they’re 26. If they’re uninsured, talk to your insurance agent. Many colleges offer student health insurance, or your child may be eligible for coverage through a government exchange. Once they’re covered, confirm that in-network provider options are available near their school. 2. Property insurance. The valuables your child takes with them may be covered by your homeowners’ or renters’ policy, but if they’re living in off-campus housing, they may need their own renters’ insurance. 3. Auto insurance. Your premium could be affected if your child takes a vehicle to school. If they leave the car at home, keep it insured with you and your child as drivers, so you can drive it while they’re away, and they can drive it when they come home. Your agent may know of premium discounts for cars owned by students living away from home or good student driver discounts. 4. Life Insurance. If you don’t have life insurance, and your child needs your income to pay tuition, you may want to talk to your agent about life insurance. Finally, confirm with your agent that the scope of your existing policies is sufficient for your specific circumstances. Rising Star Insurance Group Protecting What Matters Most to YOU for over 40 Years

I hope this BLOG finds you well. Not sure if you knew, but your homeowner’s policy likely has a clause that terminates coverage if you decide to turn your home into a rental property. In fact, as soon as you sign a lease with a tenant, you'll need to change your homeowner's policy to a landlord policy . A landlord policy covers risks a standard homeowner’s policy won't, such as: Protection from fire, lightning, wind, vandalism, theft, and other coverages Rent loss coverage Personal property left to service the rental (such as a lawnmower) Coverage for family dwellings and detached structures Coverage for single- and multi-family units  It’s important to note a similar situation occurs if you decide to move into a rental property you own. In that case, you’ll need to switch your insurance from a landlord to a homeowner’s policy. Failing to do so could mean your personal property isn’t covered (or if it is, only for a minimal amount). Call, Click or Come by if you have questions or would like to talk more. We are always here to answer your questions and ensure your assets are protected at every turn. Rising Star Insurance Group – Protecting What Matters Most to YOU for over 40 Years.

I hope this BLOG post finds you well! I wanted to post a quick BLOG about home-based businesses and how those affect your insurance coverage. I’ve found many of my clients don’t realize the risks they face with having a small home-based business or working from home for their employer. The reality is your existing homeowners or auto insurance policy probably doesn’t cover all the new exposures you have now when working from your home. And when I say home-based business, this includes lots of different things. For example, all of these could be considered home business activity, which may be excluded from coverage on your auto or homeowner policy: Making and selling art, books, jewelry, clothing, or anything else on Etsy, at craft fairs, or in other ways Delivering newspapers, walking dogs, or mowing lawns Working remotely for an employer Driving for Uber, Lyft, Doordash, or another delivery service Pet boarding or pet sitting Working on hobbies that generate income of $600 or more The reality is that you don’t even need to be a business owner for your business activities to be included—working from home for your employer could be enough to potentially put you in a gray area. Are you one of the millions of people without the proper insurance coverage for their home business activities? With just a few questions, together, we can help you decide if you need additional insurance coverage. Call, Click or Come by TODAY to talk about it, and let’s make sure you’re covered for your exciting new venture. Rising Star Insurance Group – Protecting What Matters Most to YOU for over 40 Years.