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Ledford Insurance Agency

1910 N Big Spring St
Midland, TX 79705

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Securing Home Insurance on As-Is Houses: What Are Your Options?

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Homes sold "as-is" may be in great shape, in desperate need of major repairs, or somewhere in between. The agents at Ledford Insurance Agency, serving Midland, TX, will determine where your home lies and find a home insurance carrier that will cover it.

Can as-is homes qualify for standard home insurance in Midland, TX?

It depends on the number of repairs it needs. By default, home insurance carriers find as-is homes high risk, so they won’t cover them. To secure insurance, you may need to provide proof that the house is in excellent condition. An inspector from us or the carrier will assess the home’s condition.

Should you secure home insurance for an as-is home, the benefits are not as robust as those for homes in superb condition. It may also mean higher premiums. Luckily, you can get a better home insurance policy once the desired repairs are satisfactory to us and the carrier. Meanwhile, as-is homes that start in excellent condition will get the same home insurance options as newer, updated homes.

How else can you get your as-is home insured?

Some of our partner carriers offer high-risk property insurance that may apply to your home. A second option is applying to the Fair Access to Insurance Requirements (FAIR) plan. A third is securing renovation coverage. Lastly, pre-application repairs improves your chances of better coverage and rates. You must hire licensed professionals to fix essential repairs like roofing, plumbing, electrical wiring, foundation cracks, and broken windows before you apply for home insurance.

The agents at Ledford Insurance Agency want all homes in Midland, TX to have home insurance coverage. When you stop by and view our coverage options, we’ll discuss the steps you need to take to help the carrier determine coverage eligibility and benefits. Contact us for more information.

Does Auto Insurance Cover Items Stolen From Your Car?

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Auto insurance is required by law. But even if it weren’t, you need it to protect your investment. And while it’s important to have coverage for your vehicle, it’s equally important to protect its contents. Whether you like to customize the inside with accessories, travel from home to school with all of your tech (laptops, headphones, etc.), or have a lot of things stored inside your vehicle, you don’t want to pay out of pocket if your car is stolen or broken into.

Does auto insurance cover stolen items if your car is broken into? Here’s what comprehensive auto insurance does (and doesn’t) cover, and how to get all the coverage you need with Ledford Insurance Agency, serving Midland, TX. 

Your  Auto Insurance Doesn’t Cover Theft of Items, But It Doesn’t Need To

Auto insurance is surprisingly not designed to cover the contents of your vehicle. With comprehensive auto insurance, you only get coverage for your vehicle if it’s stolen, damaged, or otherwise affected. But while your contents aren’t covered under your auto insurance policy if they’re impacted by theft, you don’t actually need them to be. Your homeowners or renters insurance can help cover the theft of items in your car, even if the theft didn’t occur on your property. Make sure you have comprehensive coverage in case your vehicle is stolen ot broken into.

Shop Car Insurance and More at Ledford Insurance Agency

If you’re in the market for auto insurance or other forms of insurance, we’re here to help. Discover your options with the team at Ledford Insurance Agency, serving Midland, TX. Compare quotes with us to get started.

Do You Need Commercial Insurance To Operate a Handyperson Business in Texas?

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If you are considering operating a handyperson business in Midland, TX, you may be wondering whether commercial insurance is required. At Ledford Insurance Agency, we have the answers to that question, and more. 

About Commercial Insurance

If your handyperson business provides services for minor repairs, the state does not require you to have insurance. If your services include areas such as roofing, electrical, plumbing, or HVAC systems, insurance and the proper license are required. 

Some clients, such as a large commercial company, may require insurance before allowing you to work on their project. 

All vehicles used as part of your business must carry a commercial auto policy. 

Recommended Insurance for a Handyperson Business

Several insurance types are recommended when operating a handyperson business. These include liability insurance, commercial auto insurance, tools and equipment insurance, and workers’ compensation insurance. 

Liability Insurance 

This insurance covers the costs of accidental property damage or injuries you cause in the course of your work.

Commercial Auto Insurance

Commercial auto insurance is for any vehicles you use for business purposes. This policy is separate from your personal auto insurance.

Tools and Equipment

This insurance covers items such as power tools and hand tools. It protects against vandalism, accidental damage, theft, and fires. It can also pay for repairing and replacing tools and equipment.

Workers’ Compensation

Whether they’re full-time or part-time, you are required to have workers’ compensation for employees. When an injury occurs on the job, this insurance covers the employee’s lost wages and their medical expenses.

Contact Us

When you are ready to get your handyperson business in Midland, TX, up and running, contact our team at Ledford Insurance Agency for the right insurance coverage. 

Will You Be Required To Get Home Insurance When Buying a House?

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Purchasing a new home involves many steps, especially if you’re getting a mortgage. One of those steps is getting home insurance. If you’re in the middle of purchasing a new home and you’re planning to get a home loan, you will need a good insurance policy to protect your investment.

The professionals at Ledford Insurance Agency, servicing Midland, TX, can help. We have many partnerships with insurance carriers and can shop for an insurance policy that will meet your needs. Here’s what you need to know. 

Who Is Required To Get Home Insurance? 

Home insurance is usually required to get a mortgage, so if you’re planning to pay for your home with a loan, you may be required to get home insurance. Homeowners associations (HOAs) sometimes require members to get home insurance as well. If you’re moving into a property with an HOA, read the HOA rules to find out whether this will be a requirement for you. 

Why Get Home Insurance If It Isn’t Required?

Even if home insurance isn’t required, many people find it beneficial. Home insurance can pay for many repair costs after covered events occur. Additionally, home insurance can pay your living expenses if you have to move out of your house while it’s being repaired. Having home insurance can mean the difference between rebuilding and floundering after a covered event occurs. 

Finally, many homeowners like home insurance for the peace of mind of knowing they have an insurance policy on their side. This can make recovering from a disaster more realistic if you don’t have money in your savings account.

Need Home Insurance? Call Us

If you need home insurance, the professionals at Ledford Insurance Agency, serving Midland, TX, can help. Call to learn more about how home insurance can help you. 

Do You Need Commercial Insurance for Your Michigan Business?

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When it comes to commercial insurance for your business, state law in Texas doesn’t require you to have worker’s compensation and commercial auto liability insurance in place. In most states, if you have one or more employees who work at your business for more than 35 hours each week, you must have a worker’s compensation policy to cover them. Also, if your business owns or uses personal vehicles for business purposes, you must have at least a minimum amount of auto liability insurance on each one. The agents at the Ledford Insurance Agency LLC serving the Midland, TX area want you to know and understand that you can obtain other types of commercial insurance for your business.

What Does Commercial Insurance Cover?

When it comes to commercial insurance, you can choose from many different coverage options as a business owner.

Commercial Liability Insurance Coverage

Commercial liability insurance coverage is extremely important for you to have in place if someone is injured at your business. This could be a customer, a client, or some other type of visitor who falls or somehow becomes injured at your company. This policy will help pay for their medical bills and any lost wages they suffer. This type of insurance can also help you pay for an attorney if you’re ever accused of something like libel, copyright infringement, or slander.

Commercial Property Insurance

If a fire, natural disaster, or vandalism damages or destroys your business, you will definitely want commercial property insurance coverage. This will help you recover any lost inventory due to one of these types of situations or if a burglary occurs at your business.

Contact Ledford Insurance Agency LLC

The agents at the Ledford Insurance Agency LLC serving the Midland, TX area are ready to serve you with all of your commercial insurance needs. Call today to set up an appointment to get your policy started and protect the investment you have made in your business.

STATES SERVED

  • Texas
  • Oklahoma
  • New Mexico
  • Arizona

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