Personal Insurance
The Insurance Shop helps you shop for affordable coverage in East Texas. We will have you covered with policies that FIT your individual needs.
Our friendly team will be delighted to discuss each of our personal lines insurance options.
AUTO INSURANCE
Automobile insurance is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured’s vehicle itself. auto insurance plans provide coverage for risks for the following: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive, and uninsured motorists coverage.
“Quote your own”
HOME INSURANCE
Home insurance also commonly called hazard insurance or homeowners insurance Plans Available Provide: dwelling insurance, other attached structure insurance, personal property insurance, personal liability insurance, and loss of use due to peril insurance.
BOAT INSURANCE
Your time out on the water should be relaxing and fun. Be sure your watercraft and equipment is properly insured. We offer policies that meet your needs and your budget. Our partnership with multiple insurance companies allows us to find just the right coverage for you.
MOTORCYCLE INSURANCE
We can help you look at all the choices, and put together a motorcycle insurance policy that fits for you and your budget.
RECREATIONAL VEHICLE INSURANCE
Stay protected in your ATV, Trailer or Motorhome while you are out enjoying all that East Texas offers.
PERSONAL UMBRELLA
This type of policy is designed to fill in the gaps of the primary policy by providing coverage in lawsuits involving the following: false arrest, libel, slander, invasion of privacy, and other areas of liability that may be excluded by your primary insurance policy.
LIFE INSURANCE
Life insurance provides a monetary benefit to a decedent’s family or other designated beneficiary and may specifically provide for income to an insured person’s family, burial, funeral, and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.
At The Insurance Shop, we have many companies with excellent rates and superior customer service, which we believe provides you immeasurable long-term value. Life insurance should be an integral piece of your life in case you pass away and can no longer support them. Even if you have life insurance through your job, it is simply not enough.
These Are The Three Main Types Of Life Insurance We Offer
Term Life
This is the most basic of life insurance policies, which offers simple death benefit protection. Making this is the most affordable type of life insurance, especially attractive to younger people who find themselves in good health. Pursuant to the name, term life insurance means you purchase this coverage for a specified period of time, such as 10, 15, 20, 25, or 30 years. You can even go longer than that in some cases. The premium amount remains the same over the specific term chosen over the specific period of time. Once the time is up, you will be able to renew the policy; however, you may go through steps to re-qualify because your age and, likely, your health status have changed.
Whole Life
This is a type of permanent life insurance coverage. You essentially lock in the premium amount, which remains the same throughout the policy. If you are trying to stick to a budget, this is a great option for you. Also, if you purchase this type of policy when you are young, you will pay the same amounts for this policy throughout the years, even as your age advances and your health status changes. This type of plan grows a cash value component that is tax-deferred, which means you will not be taxed on these amounts unless you withdraw them prematurely. The cash in your whole life insurance policy will grow giving you a minimum guaranteed rate of return.
Universal Life
Also considered a form of permanent coverage, universal life insurance includes a death benefit and a tax-deferred cash value component. However, its flexibility is what sets this type of policy apart from whole life. As you can choose how much goes towards the death benefit vs. the cash value. You have access to your cash value, borrowing it or withdrawing it as you see fit — whether to get through a tough financial time, pay for education costs, or your retirement.
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Send us a message today, and we will work with you to get started on a plan that will give you the best coverage!
