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Choosing a health care policy when you have a pre-existing condition

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If you are resident in the greater Houston, TX metro area and need health insurance, Modern Risk Management is here for you. Our team can help you select the right policy for your needs, even if you have a pre-existing condition. Call our office today and set up an appointment to learn more.

How to find a good health care policy when you have a pre-existing condition

Finding the right health insurance policy to meet your needs can often feel like an uphill battle! This is even more true when you are dealing with a pre-existing condition.

The best way to find the policy that will best meet your needs is to sit down with a local agent. When you can discuss your concerns with a live person sitting across from you, the chances that you will get the policy you need are much greater than trying to find something workable online.

Health insurance is often our greatest expense after housing costs. Make sure that your money is well-spent and that you are getting the protection you need. When you have a pre-existing condition, you need to work with someone who has a deep understanding of all of the available options. 

Experienced agents are able to break down your options in a way that is easy to understand. This can make the health insurance policy selection process a lot less stressful!

Learn more about your options today!

Modern Risk Management is here to help residents in the Houston, TX area with all of their insurance needs. If you need to find out more about health care options available for people with pre-existing conditions, give our office a call today!

4 Benefits Of Commercial Insurance

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Modern Risk Management is an independent agency. We serve our clients by providing excellent customer service at all times. Integrity is one of our core principles. We help Houston, TX residents find the coverage they need to protect their assets. We work closely with multiple carriers throughout the South. We are committed to establishing long-term relationships with our clients. We want to help you at every step of your journey.

4 Benefits Of Commercial Insurance

The Houston, TX community is a competitive marketplace.  Businesses are constantly looking for ways to stand out from their peers. One mistake can be costly. That’s why having a strong insurance plan is so important. Operating a business is tough. You have to deal with multiple rights and responsibilities. Commercial insurance simplifies things so that you can focus on operating your business. Here is a look at some key benefits of commercial insurance.

Protects Your Employees

You rely on your employees to help keep your business operating smoothly. If an issue arises in the workplace, worker’s compensation will cover your business. The policy specifically covers your employees if they suffer an injury on the job. Their medical treatment is covered.

Protects Your Customers

It’s a terrible feeling to have a customer visit your business and suffer an injury. Perhaps they tested your product and believe that it made them ill. Liability coverage protects your business against these allegations. Your customer’s medical treatment is covered.

Natural Disasters

As a Houston, TX resident, you are aware of the damage that severe weather can bring. If your business is impacted by a hurricane or tornado, you can rely on business interruption coverage to protect you until things are back to normal.

General Comfort

A strong commercial insurance policy provides general comfort that you are protected regardless of what issue arises.

Modern Risk Management Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.

Benefits of Home Insurance in Houston, TX

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One of the biggest accomplishments in an adult’s life is buying a home. It takes years of strategic saving, making sacrifices, and it’s all worth it once you get that new set of keys and walk into your home. 

As a homeowner in Houston, TX, there are so many things to consider. Quality home insurance shouldn’t be one of them. Modern Risk Management is a team of agents that have years of experience in home insurance, and we are ready to help you find the coverage for you. Whether you’re a first-time homeowner or this is your forever home, ensuring it properly shouldn’t be a headache or a reason for stress. 

Why Do I Need Homeowner’s Insurance?

Above all else, homeowner’s insurance can offer peace of mind that nothing else can. If you have a full-coverage plan, you’ll sleep soundly at night knowing that your property and your belongings are safe and cared for, no matter what happens. 

Homeowner’s insurance protects against the following:

  • Natural disasters and bad weather 
  • If your belongings are damaged or stolen 
  • Liability from third parties on your property 

If you own a home in Houston, TX, you need homeowner’s insurance. The risk is too great to live in a home without it. Additionally, if you worked with a lender to secure a loan to buy a home, insurance is likely required as part of the contract with your lender. 

Don’t let another day go by without making sure your home and your personal property are safe and protected. Talk to Modern Risk Management and we’ll get you set up with the coverage you need without breaking the bank. 

How Home Insurance Keeps You Protected

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When you own a home, it’s vital that you keep home insurance on your home to protect yourself in a number of important ways. Homeownership comes with plenty of responsibilities, and keeping this insurance in place is one of them. If you need home insurance to protect yourself and your family, call us today at Modern Risk Management in Houston, TX.

Your House

One of the major protections that home insurance offers is that it protects your home against damage that can happen to it in a covered incident like a disaster. There are many calamities and accidents that can happen that can result in huge repair bills. It may be that the house has to be totally rebuilt. As long as the cause is covered, your home insurance can pay for all of those repairs or even the complete rebuilding of the house. This saves you from potential financial ruin if something serious does cause damage to your house. 

Your Possessions

Like your house, your possessions represent a sizable investment in your life. If an incident were to happen that destroyed your belongings, your home insurance can pay for you to get them replaced. It’s an important type of coverage that can keep you from having to replace everything from your own pocket. It’s important to have this coverage in case the worst should happen and you need to start over with new things. 

Your Liability

Many homeowners don’t think much about their liability issues, but they certainly exist. If you were to have a third party come to your home, and they had an accident there, there may be huge medical bills that result from the accident. And, you are likely to be liable for them. With this coverage, those bills are paid by the policy. 

Get Home Insurance

If you own a home that isn’t insured yet, call us at Modern Risk Management in Houston, TX.

Is flood insurance mandatory in Texas?

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Almost every major city in Texas, including Houston, TX, is situated in flood-prone areas. Nevertheless, floods can occur anywhere. Therefore, it’s paramount to get formidable flood insurance to avert massive financial ruins related to flood damage. Modern Risk Management is an Agency in Houston, TX that uses modern technology to identify, assess and control threats that can cause accidents and injuries. Due to modernity, most citizens in Texas find it fancy to live in specific areas like along the beach, on islands, and other risk-prone sites. Living near a beach is risky because of the risks associated in the case of floods. Please contact our agents at Modern Risk Management and get flood insurance coverage that meets your needs and budget.

Is Flood Insurance Mandatory in Texas?

In Texas, getting flood insurance is wise, especially when living in flood zone areas. However, it is not against the law to lack flood insurance. Texas doesn’t require homeowners to have flood insurance, but you may be prompted to buy coverage as security for a mortgage or for those residents residing in flood-prone areas. Are you planning to move to a new location? You need to know if it is a flood zone. There are detailed maps online for property owners to survey whether they are living in flood zones. Modern Risk Management is highly rated for providing fast quality flood insurance policies.

Types of Flood Coverages.

1.     Personal property coverage. The flood insurance policy ensures that policyholders in Houston TX get compensation for their personal belongings like clothes and furniture. Also, the electric machines, curtains, and carpets are covered. If you have a valuable item like original artwork, it is also recovered in case of floods. Devastating floods can occur and cause damage to the freezers and any content inside. Worry not. Modern Risk Management is there for you.

2.     Building Property Coverage. Purchasing flood insurance from Modern Risk Management covers electrical and plumbing systems, detached gadgets, fuel tanks, and permanently installed cabinets and paneling. Moreover, window blinds are also included in the coverage. Fuel tanks, pumps, and solar energy equipment are covered. Texas residents have a taste in style and design. Therefore, valuable building properties are protected. 

Prevention is better than cure. Designing a contingency plan in Houston, TX to counter any losses that floods can propagate. It gets costly for fishing personal savings and cash to pay for all the damages associated with flooding. Please call or visit us at Modern Risk Management and get your flood insurance policy today!

Insurance For The Hurricane Season

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If you live on the Gulf coast, then windstorms and hail are excluded as perils from standard homeowners insurance policies. There are three facets that Modern Risk Management serving Houston, TX, would like you to consider when it comes to hurricane season.

Causes of Damage

A hurricane is a force of nature and can cause damage in a few different ways. They may cause flooding and wind-driven water damage, and there is the possibility of hail. If your standard home insurance policy excludes any of these, you need to purchase additional windstorm and hail insurance and flood insurance.

What is TWIA?

TWIA stands for Texas Wind Insurance Association, and if you live in Harris County on Galveston Bay, you can possibly purchase insurance from them through private insurers. Some requirements need to be met before you can buy insurance from them. You should already have a flood insurance policy in place, and you may be subject to an inspection by a windstorm inspector.

Combination and Preparation!

Living in Houston, TX requires a combined approach to insuring your home and its contents adequately. If possible, you need to combine home insurance, flood insurance, and windstorm and hail insurance. You need to review the covered perils in each policy to make sure you are correctly insured.

Once a hurricane has entered the Gulf, it is too late to get insurance. Hurricane season is from July to November each year, and many homes and assets are at risk. Keep a detailed inventory list and your insurance cards safely, and make sure they are readily available if you have to evacuate quickly.

Speak to Modern Risk Management today and assess your risk when it comes to your home! Don’t be blown out of your home without financial protection.

Types of life insurance and how they work

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What type of life insurance should you buy? This is a common question among many people looking to buy a policy in Houston, TX. The answer is always straightforward–you choose life insurance based on your needs and what you want to gain in the end. We have two major types of life insurance: term and whole life insurance. To help you understand which type best fits your needs, Modern Risk Management will discuss everything about the two types. 

Term Life Insurance

Term life insurance is a simple type of life insurance that provides coverage for a specific length of time, like 10 to 30 years. Term life insurance is simple and most often referred to as ‘pure’ life insurance as it does not have cash value. It is simply designed to pay your beneficiaries a payout if you die during the term.

Most term insurance policies have standard premiums, which means you pay the same amount every month. When the term expires, you either go without insurance or get a new one. However, some companies offer discounts when this happens, so you can renew the older coverage or get a new policy at discounted rates.

Some Houston, TX companies may also request you to convert your term life insurance to a permanent one, which may come at a higher cost. 

Whole Life Insurance

Permanent or whole life insurance pays death benefits when you die. It doesn’t matter how long you live. This type of life insurance comes in three different types; universal life insurance, variable universal life insurance, and traditional whole life insurance.

Whole life insurance has a cash value that grows over time, making it look more like an investment plan. Every month, a specific portion of your premium will go into the policy’s cash value, which often offers a guaranteed rate of return.

Don’t buy life insurance blindly. Learn how each type works and buy what works for you. For more information about life insurance policy types, feel free to contact Modern Risk Management today.

Do Weekend Fishers Need Boat Insurance?

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Going out on a boat for the weekend is often a fun experience for many people, especially those who like fishing. But do these people need boat insurance to protect themselves? Even if they rarely or rarely use their boat? We at Modern Risk Management say that your Houston, TX boat likely needs insurance even if you very rarely go out on the water or only do so on the weekend.

Why You Probably Need Insurance 

Even if you don’t go out fishing all that often on your boat (just a few times every summer when the fish are jumping), you should probably still think about getting boat insurance. Why? This policy is critically important and helps protect you when you need it the most. 

You never know what can happen when you’re on a boat fishing, even if it’s a minor accident that causes your boat to go on shore a little. The scrapes along the bottom of the ship could be intense and could lead to severe issues with your craft that requires intensive repairs that insurance helps repair.

As you can see, the benefits of getting an insurance policy far outweigh the negatives, and you should seriously consider getting one to take care of your watercraft. Doing so will help to give you the long-term protection necessary for your boating experience, even if you only go out on your boat occasionally.

Finding a Policy You Will Like 

If you like going fishing on the weekends and want to keep your boat fully insured and protected, it is good to contact us at Modern Risk Management to learn more. We serve the Houston, TX, area and can provide a myriad of different options. Talk to us to learn more about what we have to offer.

How Does Motorcycle Insurance Work?

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If you have a motorcycle, it’s essential that you have a good motorcycle policy on it. If your motorcycle is not yet insured, give us a call right away at Modern Risk Management in Houston, TX to find out more. 

Is Motorcycle Insurance Like Car Insurance?

Motorcycle insurance has many similarities to car insurance, but it also has many differences. One difference is the passengers in a car. A motorcyclist will have passengers far fewer times than a car. Car insurance policies often have protection for passengers, while a motorcycle policy may not. Often, there is a different coverage type that can be purchased for passengers of motorcycles.

Another difference in these policy types is the risk of injuries. Statistically, it is far more likely for you to be injured on a motorcycle than in a car. It is actually 28 times more likely to have a fatality on a motorcycle than in a car when a mile-to-mile comparison is made. For this reason, the injury portion of a motorcycle policy is generally more expensive than it is with a car. 

Damage to the Bike

Damage to a motorcycle is common, so it’s smart to have a motorcycle policy that includes damage to the bike. With this coverage type, you can get your bike repaired or replaced if it is damaged or destroyed by a number of different circumstances. 

Liability

If you were to cause an accident or strike a person or object, you would likely be held liable for the damage and injuries. The liability portion of your motorcycle policy would cover these bills up to the policy’s stated maximum. 

Get Motorcycle Insurance Coverage

If you ride a motorcycle, you have to have an insurance policy to cover it. Contact us at Modern Risk Management in Houston, TX to talk to an agent. 

Add to Your Liability Coverage With Umbrella Insurance

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Liability coverage is one of the most important types of coverage that you can get. If you don’t have an umbrella insurance policy, you may not have enough liability protection for a serious accident. If you’re interested in umbrella insurance, contact us at Modern Risk Management in Houston, TX. to find out more. 

Why Is Liability Insurance So Important?

Liability insurance protects you from having to pay out of pocket for property damage or injuries that happen because of accidents in your vehicle or home. When an accident is caused in your home, the homeowner is usually considered at fault for the accident. This means that you will have to pay the subsequent medical bills or pay for the damage to property from an accident, and it comes out of your own pocket. Liability insurance will pay for those bills so that you don’t get sued for them. With an umbrella policy, you get much more liability coverage than you would with your home and auto insurance policies. 

Adding Umbrella Coverage

Your home and auto insurance policies each have a small amount of coverage for liability, but it is generally not enough. If a serious accident were to happen, you would have to pay the amount over and above the maximum of your liability coverage. That’s where umbrella policies come in. They add more liability protection over your existing home and auto insurance policies so that the maximum is much higher. Then, this insurance coverage will be enough for a serious accident so that you don’t have to come up with the money. 

Get Umbrella Protection

Umbrella insurance boosts the liability coverage you have in your existing home and auto insurance policies. To find out more, call us today at Modern Risk Management in Houston, TX.