I Test Drove the 2026 Toyota GR Supra Final Edition — And I’m Still Not Over It

I’ll be honest with you — I went to Arizona last week for an insurance conference. Spreadsheets, breakout sessions, carrier updates. You know the drill. It’s important work, and I genuinely love this industry, but it’s not exactly what you’d call pulse-pounding.

And then somehow, between sessions, I ended up behind the wheel of a 2026 Toyota GR Supra MkV Final Edition.

This Is the Last One. Let That Sink In.

Toyota is closing the book on the current-generation Supra. After returning to the lineup in 2019 and giving us six years of pure sports car joy, the fifth-gen GR Supra is taking a bow — and the Final Edition is its farewell tour. For a car guy (or girl) who grew up idolizing the Supra name, that hits different.

But here’s the thing: Toyota didn’t mail it in on the way out. They actually made this thing better for its grand exit.

What They Did to It

The Final Edition isn’t just a sticker package and a wave goodbye. Toyota went back under the hood — and underneath the car — and actually tuned the thing harder than any previous model year.

Under the hood, you’ve still got the twin-turbo 3.0-liter inline-six making 382 horsepower and 368 lb-ft of torque. That engine was already a gem. But for the Final Edition, they refined the throttle mapping, recalibrated the steering, and tuned the rear differential to improve traction coming out of corners. The suspension got camber adjustments, retuned electronic dampers, additional chassis bracing, and stiffer bushings. The brake discs grew by an inch, and you can feel the difference — they bite hard and they mean business.

You can get it with a six-speed manual or the ZF eight-speed automatic. The auto will get you to 60 mph in 3.9 seconds. The manual takes a respectable 4.2. Either way, you’re grinning.

On the outside, the Final Edition wears gloss carbon fiber mirror caps, a gloss carbon fiber ducktail rear spoiler (which actually improves downforce, not just looks), and 19-inch forged matte black wheels wrapped in Michelin Pilot Super Sport tires. Mine was in Matte Black and I’m pretty sure it’s just a factory wrap because you could see the red gloss paint on the interior door sill.

Getting Behind the Wheel

Here’s where it gets good.

When you drop into that cockpit, the car wraps around you. The black Alcantara and leather sport seats have deep side bolsters that hold you snugly in place — and trust me, once you start pushing this car, you’ll be thankful for every millimeter of that bolstering. The whole interior says “this car was built for the driver.” Large RPM display front and center. Paddle shifters on the column. A heated leather-wrapped sport steering wheel that’s thin-rimmed and old-school in the best possible way.

Hit the sport mode button and the active exhaust wakes up. I don’t have a better word for it than menacing. Good menacing. The kind of sound that makes people on the sidewalk look up.

Out on the road in Arizona, even on a short test drive, this car communicates with you like few others I’ve been in. Turn-in is sharp. You feel the road through the wheel. There’s very little body roll — none that bothers you. The low seating position makes you feel planted, like the car is part of you rather than something you’re just sitting on top of. G-forces push you into those bolstered seats on corners. The brakes — those upgraded Brembo units — are aggressive and confidence-inspiring.

It’s not a relaxed cruiser. It’s not trying to be. This thing is alive, and it wants you to drive it like you mean it.

Is There an Insurance Angle Here?

Fine, you caught me — this is an insurance blog after all. I’ll say this: a car like the Supra Final Edition is exactly the kind of vehicle where getting the right auto insurance policy really matters. A sports car with 382 horsepower and a sticker price starting around $68,000 deserves more than a bare-minimum policy. If something happens to a car like this, you want to make sure you’re genuinely protected — not just the other driver.

If you’ve got a fun car, a collector car, or you’re thinking about pulling the trigger on something like this, give us a call. We work with a bunch of different carriers and can find you coverage that fits the car and your budget.

But honestly? Even setting insurance aside — if you ever get the chance to drive one of these, you take it. No hesitation.

The Bottom Line

The 2026 Toyota GR Supra MkV Final Edition is a proper send-off to one of the most beloved sports car nameplates in history. It’s faster, sharper, better-braked, and better-handling than any Supra before it. It looks stunning. It sounds incredible. And it made an insurance guy at a conference in Arizona feel like a teenager again for 20 minutes.

That’s worth something.

If you want to talk cars or coverage, you know where to find us: texasautohome.com or give us a ring at 940-268-5112. We’re right here in Denton, and we love talking to our neighbors about both.

Ryan Everet Insurance | 121 Hann St, Denton, TX 76201 | texasautohome.com

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A practical guide for North Texas homeowners, drivers, and families navigating insurance decisions

If you’ve ever sat across from an insurance agent or stared at an online quote tool trying to decide between a $500 and a $1,500 deductible, you know the feeling: you’re basically guessing. Most people just pick the lower premium and hope for the best — or they choose the lowest deductible because it feels “safer.”

But there’s a better way. And it only takes a little math.

In this post, I’ll walk you through a break-even analysis you can use to objectively compare deductibles and premiums — so you can make a confident, data-backed decision instead of a gut-feeling one. I’ll also tie it to the realities of living in North Texas, where hailstorms, tornadoes, and flooding make this decision more important than it is in most parts of the country.

Why This Matters More in North Texas

Let’s start with some context. North Texas isn’t just any insurance market.

The Dallas-Fort Worth metroplex sits squarely in “Hail Alley” — the region spanning from Texas up through Nebraska that sees more large hail events than anywhere else in the country. DFW consistently ranks among the top cities in the U.S. for hail damage claims. In a single bad storm, tens of thousands of homeowners can file claims simultaneously.

Add to that:

• Severe thunderstorms that can produce wind gusts over 70 mph
• Tornado risk every spring, particularly in areas like Tarrant, Johnson, and Hood counties
• Flash flooding along creeks and low-lying areas throughout the Metroplex
• Intense UV exposure and heat that degrades roofs faster, increasing replacement frequency

What this means practically: North Texas residents are more likely to file a claim than the national average. That changes the math on deductibles significantly — and it’s why choosing the right one matters so much here.

The Core Concept: Break-Even Analysis

The fundamental question when comparing two deductible options is this:

How long does it take for the premium savings of a higher deductible to equal the extra out-of-pocket cost you’d pay if you filed a claim?

That point — where your savings equal your added risk — is your break-even point.

Here’s the formula:

Break-Even (in years) = Difference in Deductibles ÷ Annual Premium Savings

Let’s walk through a real example.

Example: Home Insurance in the DFW Area

Suppose you’re shopping for homeowners insurance on a house in McKinney, Texas. You get two quotes:

Step 1: Calculate the annual premium savings. $2,400 − $2,100 = $300/year saved by choosing Plan B.

Step 2: Calculate the extra out-of-pocket exposure. $2,500 − $1,000 = $1,500 more you’d pay out-of-pocket if you filed a claim under Plan B.

Step 3: Calculate the break-even point. $1,500 ÷ $300 = 5 years

This means: if you go 5+ years without filing a claim, Plan B (the higher deductible) saves you money in the long run. If you file a claim within 5 years, Plan A would have been the better deal.

Now Apply North Texas Context

Here’s where it gets interesting for our area. The average homeowner in North Texas files a hail or wind damage claim roughly every 7–10 years — but that’s a regional average. Your personal risk depends on:

• Your zip code. Neighborhoods in far north Dallas, Plano, Frisco, and Allen sit in some of the highest hail-frequency corridors in the country.
• Your roof age and material. An older 3-tab shingle roof is far more vulnerable than a Class 4 impact-resistant roof, which can also earn you a premium discount.
• Your proximity to flood zones. Areas near the Trinity River, Elm Fork, or Joe Pool Lake have meaningful flood exposure that standard policies don’t cover (you’d need separate NFIP or private flood coverage).

If your personal claim history or neighborhood suggests you’re likely to file a claim within 5 years, the lower deductible wins. If you have a newer roof, live on high ground, and have a healthy emergency fund, the higher deductible likely makes more financial sense.

Auto Insurance: The Same Math, Different Numbers

The break-even analysis works just as well for auto insurance. Texas drivers average about one collision claim every 10–12 years, but urban DFW commuters face elevated risk due to high traffic density on highways like I-35, I-635, and the DNT.

Here’s a quick auto example:

Premium savings: $240/year
Extra deductible exposure: $500
Break-even: $500 ÷ $240 = 2.1 years

A 2-year break-even is quite short. We typically recommend the higher deductible because most people don’t regularly have a claim every 2 years.  It’s better to keep that money in your bank account instead of giving it to the insurance company “in case” you need it.

The Variable You Can’t Ignore: Your Emergency Fund

The math above assumes you can pay the higher deductible if a claim happens. That’s a big assumption.

A common rule of thumb: your deductible should never exceed what you can comfortably pay out of pocket without going into debt. If a $2,500 deductible would mean putting a roof repair on a credit card at 20% APR, then the lower deductible is the right choice — regardless of what the break-even math says.

Think of your emergency fund as the prerequisite for taking on a higher deductible. Build it first, then revisit the math.

A Note on Percentage Deductibles

One thing North Texas homeowners need to watch: many home insurance policies in Texas use percentage-based deductibles for wind and hail rather than a flat dollar amount. A 1% or 2% wind/hail deductible on a $400,000 home means you’re on the hook for $4,000–$8,000 before insurance kicks in — not the $1,000 flat deductible you might be assuming.

Always read your policy declarations page carefully and ask your agent to clarify which deductible type applies to which perils.

Some policies have Roof Payment Schedules as well which affects a claim payout.  See our article that explains that in more detail:  What is a Roof Payment Schedule? – Ryan Everet Insurance

Putting It All Together: Your Decision Framework

Here’s a simple decision guide based on the break-even analysis:

1. Calculate your break-even point using the formula above for each deductible option.
2. Estimate your realistic claim frequency based on your home’s age, location, roof type, and your driving history.
3. Compare — if your expected time between claims is longer than your break-even point, take the higher deductible.
4. Check your emergency fund — make sure you could genuinely afford the higher deductible if a claim happened tomorrow.
5. Revisit annually — rates and your personal risk profile change over time.

Final Thoughts

Insurance doesn’t have to be a mystery. The deductible decision is fundamentally a math problem — and once you run the numbers, the right answer usually becomes pretty clear.

For North Texans especially, where storm season is real, hail is frequent, and insurance premiums have risen sharply in recent years, making an informed choice can mean hundreds or even thousands of dollars saved over time.

Do the math. Know your break-even. Choose with confidence.

Have questions about the math or want help running the numbers for your specific policy? 

Call our team to talk more about how this works for you at (940) 268-5112.

The post Breakeven Analysis – Deductibles??? appeared first on Ryan Everet Insurance.

Learn what a roof payment schedule is, how it affects your homeowners insurance in Texas, and how roof age impacts claim payouts.  See the video above with Agency Owner David Call explaining this coverage.

What Is a Roof Payment Schedule?

A roof payment schedule is a method insurance companies use to determine how much they will pay for roof damage based on the age of your roof.

Instead of covering the full replacement cost, insurers pay a percentage of the cost, and that percentage decreases as your roof gets older.

This is becoming increasingly common in Texas homeowners insurance policies, especially due to frequent hail and wind claims.  Some companies are requiring a roof payment schedule if your roof is over 7 years old and some have their cutoff at 10 years old+.   Not every company is requiring the same thing which is why it’s good to use an independent insurance agency like Ryan Everet Insurance.  We can find companies that don’t have a roof payment schedule and you can get full Replacement Cost coverage on your roof typically with a 2% Wind and Hail deductible.

Why Roof Payment Schedules Are Increasing in Texas

Insurance companies in Texas have faced rising costs from:

• Hailstorms
• High winds
• Severe weather events
• Frequent roof replacement claims

To manage risk, many insurers are using one or both of these options:

• Increasing deductibles to 2%, 3%, or more for Wind and Hail claims
• Adding roof loss settlement schedules to policies

Bottom line: Older roofs now mean lower claim payouts if you have a roof payment schedule which factors in the depreciation.

How a Roof Payment Schedule Works (Simple Example)

Let’s assume:

• Roof replacement cost = $25,000
• Deductible = $10,000 (2% Wind/Hail)
• Coverage A – $500,000

Example 1: 5-Year-Old Roof (85% Coverage).  Most companies depreciate a composition shingled roof at about 3% per year on a roof payment schedule.

• Insurance pays: $21,250 BEFORE your deductible is applied- ($25,000 total roof cost x 85%)
• You pay: $10,000 deductible
• Insurance company pays a total of $11,250 toward the $25,000 roof replacement.
• Your Total out-of-pocket for the new roof: $13,750

Example 2: 18-Year-Old Roof (46% Coverage)

• Insurance pays: $11,500 BEFORE your deductible is applied- ($25,000 total roof cost x 46%)
• You pay: $10,000 deductible
• Insurance company pays a total of $1,500 toward the $25,000 roof replacement.
• Total out-of-pocket: $23,500

Roof Payment Schedule Chart (Typical Texas Example)

Roof Age (Years)     Insurance Pays Before Deductible is applied
----------------     --------------
0–5                  85%–100%
6–10                 70%–82%
11–15                55%–67%
16–20                40%–52%
20+                  25%–37%

Roof Payment Schedule vs Replacement Cost Coverage

Does Roof Age Affect Insurance in Texas?

Yes—roof age is now one of the biggest factors in Texas homeowners insurance.

It affects:

• Your premium
• Your eligibility for coverage with different companies
• Your claim payout amount

Two identical homes can receive very different payouts based solely on roof age.

What Texas Homeowners Should Do

1. Know Your Roof’s Age

If you don’t know it, find out—this directly impacts your claim payout.  Roof replacement records are not a matter of public records so it’s important to know when your roof was last replaced.  We recommend sending your agent a copy of the last roof invoice so it can be kept on file when it becomes necessary to change insurance companies so you have verifiable proof of your roof age.

2. Review Your Insurance Policy

Look for terms like:

• Replacement cost
• Roof payment schedule
• Actual cash value

3. Consider Replacing an Older Roof if it’s justified based on damage incurred

A newer roof will:

• Lower your premium
• Get better coverage – Replacement Cost vs. ACV vs. Roof Payment Schedule
• Help you qualify for better policies – your eligibility options are better with a new roof with multiple companies.

4. Compare Insurance Companies

Not all insurers use the same schedule. Shopping your policy can make a major difference.  That’s what we do for you as your independent agent.  We don’t charge fees for our services and we work with over 50+ different insurance companies to find you the best coverage at the best price.  We get paid commission from the insurance companies when we bring them a client so we are in essence their marketing arm.

Pros and Cons of Roof Payment Schedules

Pros

• Lower insurance premiums
• More predictable payouts compared to Actual Cash Value payouts which are subjective

Cons

• Higher out-of-pocket costs
• Reduced coverage for older roofs
• Potential for large financial gaps after a claim

Final Thoughts: Why This Matters in Texas

A roof payment schedule can mean a big difference on your payout after a claim.

As more Texas insurance companies adopt this approach, homeowners need to:

• Understand their coverage
• Plan for potential costs – start a separate roof savings account knowing that your roof will need to be replaced and you will be expected to pay more out of pocket that what you might have the last time you had a roof claim.
• Make informed decisions about roof replacement by talking with a licensed insurance advisor about your options.

FAQ: Roof Payment Schedules

Q: Is a roof payment schedule the same as depreciation?
No. It’s a fixed percentage set by your policy, not a calculated depreciation at the time of loss.

Q: Can I avoid a roof payment schedule?
Yes, if your roof is new enough and by choosing a policy with replacement cost coverage (usually higher premium).

Q: Are all Texas insurance companies using this?
No, but many are moving in this direction.  Be careful because sometimes insurance companies are slipping in this reduction of coverage at renewal among the other 50 pages of documents they send for your home insurance renewal and it’s hard for the untrained eye to catch.

• Roof payment schedule Texas
• Roof age insurance Texas
• Homeowners insurance roof coverage
• Roof claim payout Texas
• Actual cash value vs replacement cost roof

If you want help reviewing your current policy or comparing options, our team at Ryan Everet Insurance can walk through it with you and point out exactly how your roof is covered.

Call today at 940-268-5112!

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What Is Event Insurance?

Event insurance is a short-term liability policy that protects event hosts, organizers, or vendors if someone is injured or property is damaged during an event.

It is commonly used for:

• Weddings

• Festivals

• Conferences

• Corporate events

• Vendor markets

• Private parties

Many venues require event organizers to show proof of event liability insurance before the event takes place. At Ryan Everet Insuarance, based in Denton, Texas we insure a lot of prominent events that could be a challenge for less experienced agencies.  For example, we insure the Day of the Dead festival, Dog Days, Black Film Festival, and more!

Who Should Consider Event Insurance

Event insurance may be helpful if you are:

• Hosting a wedding or private event

• Organizing a festival or conference

• Operating a vendor booth or market stall

• Planning a corporate event

• Renting a venue that requires liability insurance

Even small events can involve risks such as injuries, property damage, or alcohol-related incidents.

What Event Insurance Typically Covers

Most event insurance policies focus on liability protection.

Coverage varies by policy and insurer.

Examples of When Event Insurance Helps

Event insurance can help pay for claims such as:

• A guest slips and falls at your event

• A vendor damages the venue while setting up

• An attendee accidentally damages venue property

• Alcohol served at the event leads to an injury claim

Without coverage, the event organizer may be responsible for these costs.

Types of Event Insurance Policies

Single-Event Insurance

A single-event policy covers one specific event.

This is the most common option for:

• Weddings

• Private parties

• Corporate events

• Conferences

Coverage begins before the event and ends when the event is finished.

Annual Event Insurance

An annual policy may be better if you host events regularly.

This type of policy is often used by:

• Event organizers

• Vendors who attend markets

• Businesses hosting multiple events each year

It allows coverage for multiple events under one policy.

When Venues Require Event Insurance

Many venues require event organizers to provide:

• A certificate of insurance (COI)

• Liability coverage (often $1M or more)

• The venue listed as an additional insured

This protects the venue if an accident occurs during your event.

What Information Is Needed for an Event Insurance Quote

To get an event insurance quote, insurers usually ask for:

• Event type

• Event date

• Event location

• Estimated number of attendees

• Whether alcohol will be served

• Whether vendors will participate

This information helps determine the right coverage and price.

Key Takeaway

Event insurance helps protect event organizers, hosts, and vendors from financial losses caused by injuries, property damage, or liability claims during an event.

If you are hosting an event with guests, vendors, or a rented venue, event insurance may be an important part of your risk protection.

Common Questions About Event Insurance

Is event insurance required?

Some venues require it before allowing you to host an event. Always check your venue contract.

Does event insurance cover alcohol?

Some policies include liquor liability coverage, but it may need to be added separately.

Do vendors need their own insurance?

Often yes. Many event organizers require vendors to carry their own liability insurance.

How long does event insurance last?

Single-event policies usually cover the event day and related setup or teardown time.

GET A QUOTE!

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Why Are Insurance Companies Non-Renewing Landlord Policies in North Texas?

If you own rental properties in Dallas-Fort Worth, DFW or maybe even in Austin, Texas, you’ve probably seen letters showing up in the mail with words like “non-renewal” or “policy cancelling on the expiration date”.   This leaves you a little high and dry without coverage—especially when you’ve been paying premiums for years without a claim.

So, what’s going on? Why are carriers suddenly ghosting landlords in your area? Here are the main reasons this is happening.

1. Storms, Hail, and Texas Weather

North Texas weather has always been a little extra. One week it’s sunny, the next week baseball-sized hail is knocking holes in roofs from Denton to Plano. Insurance companies don’t like losing money and these days, the DFW area is the epicenter of non-profitable insurance in the U.S.

Claims are stacking up, and carriers are trying to limit their exposure.

2. Rising Repair and Construction Costs

Even when the damage isn’t catastrophic, the cost to fix it sure feels like it. Lumber, roofing, plumbing, labor—you name it, it’s gone up. Carriers are paying more per claim than they did even a few years ago. When that math stops making sense, they start dropping policies to protect their bottom line. We had a client with a one-story 3000 sq.ft. house in Lantana have a $75,000 payout for a new roof due to hail damage.  What the heck?

3. More Tenants = More Risk

From the insurance company’s perspective, landlords carry more risk. Properties occupied by renters are riskier because the people living in the property don’t have a long-term vested interest in maintenance, wear and tear.  With so many claims rolling in from rental properties, landlords are becoming less attractive to keep on the books.

4. Reinsurance Problems Behind the Scenes

Here’s the part most landlords don’t see: your insurance company also buys insurance for themselves (it’s called reinsurance). Those costs have skyrocketed in Texas because reinsurers know how wild the claims situation is here. If it’s costing your insurance company more just to stay covered, they’re going to pass some of that pain along—or simply cut certain policies altogether.

5. It’s Not You, It’s Them (Mostly)

Sure, things like older roofs, poor maintenance, or a bad claims history can put a target on your back. But the truth is, even good landlords with well-kept homes are getting non-renewed. It’s less about you being a “bad risk” and more about your zip code being a bad bet in the eyes of underwriters.

What Can You Do About It?

• Shop the market early. Don’t wait until 2 weeks before your renewal date. Options are more limited now with fewer companies writing in your area, and the earlier you look, the better your chances. Call our office at 940-268-5112 or fill out a QUOTE REQUEST  and let us know as soon as you receive your notification of non-renewal so we can start researching your options with our large selection of companies.

• Upgrade what you can. New roof? Updated plumbing? Insurance companies want to know the year of last update for most major systems – Roof, HVAC, Plumbing and Electrical.  Try to recall those years if you can or make a good estimation for the most accurate results. Insuarnce companies see you as a lower risk when you update your properties because there is a smaller probability of one of those systems causing a claim that they’ll pay out.

• Work with an independent agent like Ryan Everet Insurance.  We have options with multiple companies instead of just one.

The post Landlord Insurance Non-Renewing? appeared first on Ryan Everet Insurance.

Insurance policies for every line of business (Home, Auto, Motorcycle, Landlord, Commercial, Life, Health, etc…) are issued for a specific term, usually 6-month or 12-month terms. After that specified term, the policy expires. Before the expiration date, insurance companies will send notice whether they will renew or non-renew the policy. If they choose to renew, a renewal offer is sent, and there could be changes to coverages, deductibles, terms, or premiums.  

How do insurance companies evaluate policies at renewal? 

Some of the ways companies will reevaluate a person’s risk profile based on market conditions, claims history, and the insured’s circumstances. This reevaluation can alter coverages and the premium for the upcoming policy term. In today’s market, we are seeing a trend for increasing premiums. Therefore, it is important to review your renewal offer and make sure the information is up to date, and you understand and know about any changes to your offer.  

What kind of updates do I need to tell my agent about?  

You should be updating your agent about major changes as they happen, like adding or removing drivers or vehicles, or repairing/replacing your roof, or making renovations to your home to make it custom. But sometimes we forget, so it is always good practice to contact your agent at renewal to make sure they have all of your life changes up to date!  

Reviewing your renewal offer with your agent can ensure that your coverages, limits, and deductibles are exactly where they need to be. The renew period is also a good time to make sure your payment methods are correct, in case you have any card, banking, or mortgage changes. This will ensure that your policies are paid on time, that way your policy does not cancel because of non-payment and cause surcharges or a lapse in coverage!  

As an Independent Agency, Ryan Everet Insurance can quote through many different companies. If you are unhappy with your renewal offer, we can shop around with our various markets to see what other options we have for you! Just give us a call or schedule a time and we are always more than happy to find the best coverage for you!  

The post How often should I review my insurance policies? appeared first on Ryan Everet Insurance.

T

Their wish list:

Amazon.com

or shop and drop off at our office, 121 Hann Street, Denton, TX, in February.

● 2x bluetooth speakers
● Large storage bins
● Coffee pot with filters
● Rock Band for Wii with instruments
● Wii Fit
● Just Dance for Wii
● 2x bluetooth computer mice
● 10-15 yoga mats
● Laundry detergent *
● Wool dryer balls *
● Toaster oven
● Dish soap *
● 3x power strips *
● Jumbo paint markers (multiple, variety) *
● Galaxy sensory light *
● 4x packs of forks *
● 3x packs of spoons *
● 4x lysol concentrated refills *
● 4x lysol disinfectant spray and wipes *
● 4x 2 pack of kitchen towels *
● 3x 6 pack of bath towels *
● 6x Clorox toilet wands *
● 10x Sharpie marker packs (multiple, variety) *
● 2 pack Otamatone toys *
● 2 Shashibo shifting box toys *
● Variety of fidget/sensory toys (multiple, variety) *
● Basketballs and kickballs
● 4x stretched canvases 18×24 5 pack *
● Hot glue sticks *
● 4x stretched canvases 24×36 3 pack *
● 2x dishwasher safe Mod Podge *
● 10x Rust-Oleum acrylic enamel clear coat *
● 2x Crayola markers class pack 256 count *
● Bulk construction paper *
● 2x bulk glitter *
● 2x electric pencil sharpeners *
● Mini craft mirrors (multiple, variety) *
● Iridescent acrylic paint *
● Bulk acrylic paint *
● Bulk paint brushes *
● Carbon transfer tracing paper *
● 2x 6 pack scissors *
● 3x bulk drawing pads 12 pack *
● 4x stained glass craft kits 10 pack *
● Password game *
● What am I? Card game *
● Who am I? Card game *
● Bounce Battle game *
● Tetris Tower game *
● Craft rhinestones (multiple, variety) *
● HDMI converter box *
● USBC, Lightning, & Aux cords (multiple, variety) *
● 4x Car phone mounts *

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There are many important coverages to consider when protecting your home. It is important to know what those coverages are and how they play a part in your policies. This way you can be prepared and know exactly what coverages you have, want, or need for your home. One of the main parts of your coverages you should fully understand are your deductibles.  

What is a deductible? 

A deductible is the amount the insured (you) is responsible for paying out of pocket in the event of a covered claim. After you pay your deductible, the insurance company will then settle payment for the remaining loss.  

What are my deductible options?  

Insurance companies have several options for your home policy, but keep in mind that each company can have different rules and choices for those deductibles. You can either choose a Flat Deductible or a Percentage Deductible. 

•  A Flat Deductible is a fixed dollar amount that you pay out of pocket each time you file a claim on your home. Common deductibles range from $1,000 to $15,000.   

• A Percentage Deductible is calculated based on the insured value of your home (AKA your Dwelling Coverage AKA Coverage A). 

• Here is a formula for how the deductible is calculated:  

Dwelling Coverage x Deductible Percentage = Deductible $ Amount 

e.g. Dwelling Coverage: $321,275 using common deducible percentages: 

– 1% Deductible: 321,275 x .01 = $3211.75 

– 2% Deductible: 321,725 x .02 = $6423.50 

– 3% Deductible: 321,725 x .03 = $9651.75 

How do I choose my deductibles? 

You should choose your deductibles based on your risk tolerance and what you would be comfortable paying out of pocket. If you are willing to take on more risk and have a higher deductible, then your premium should reflect with a lower price. If you want to air on the side of caution and not pay as much out of pocket in the event of a claim, you will go for a lower deductible. Of course, this would then increase your overall premium.  

It is important to understand your deductibles and how they can affect you and your policy. If you ever have any questions or would like to discuss your coverages, our team at Ryan Everet are happy to assist you!  Call us at 940-268-5112 or complete a quote request form on our home page to get started.

The post What is a deductible? appeared first on Ryan Everet Insurance.

What is a commercial insurance audit?

An audit of your insurance policy is a process that insurance carriers use to ensure that your rating factor is aligned with the premium being charged.  The most common rating factor that correlates to the price of an insurance policy is your GROSS SALES.

Let’s use an example:  

You own a landscaping business, and you project your annual sales at $300,000. You expect your annual exposure to any potential liability claims to be significantly less than a company that has sales of $34 million.  The company with the larger sales has 100 times more chances of something happening so the exposure to a loss is higher which is reflected in the calculation used to determine the annual premium.

What is involved in the audit process?

When you are asked by the insurance company to see your profit and loss statement, this is related to the audit.

An audit will look at things like:

• Gross Sales
• Increases or decreases from the prior year
• Possible business classification change

The results of an audit could mean that you owe more in your premium or you get a refund.  It’s usually more desirable to owe money if you close your eyes really hard and think about it.  THIS MEANS YOU MADE MORE SALES THAN EXPECTED!!! Congratulations!

Something to keep in mind whenever you finance the premium through a premium finance company:

• to keep from having a balance due at the end of the year that is not part of your finance agreement and thus payable in full, let your agent know of incremental increases or changes in gross sales.
  • For example – if you projected gross sales of $300,000 in January when you started your policy and by April you’re already at $200,000, you’ll want to adjust the projected gross sales for that 12-month policy period.  We can endorse your policy with the updates and digest smaller amounts of insurance premiums that could be due as a result instead of waiting for it all to collect at the end of the year and be payable all at once.

Let the professionals at Ryan Everet Insurance help when you need commercial insurance for your business. Call for more information and to speak to a licensed professional at 940-268-5112.

We love business insurance!

The post What is a business insurance audit? appeared first on Ryan Everet Insurance.

Do you know what your home insurance policy covers?

PERIL – A peril is also known as a cause of loss or something that causes damage to your property.

Some of the most common perils we see in the southern U.S. are things like hail, wind, water damage, and fires to name the most common ones.  If your roof is damaged from wind or hail, and it meets the requirements by the insurance adjuster for repair or replacement, this would be covered under a homeowner’s policy after you meet your deductible and any depreciation depending on whether or not you have Replacement Cost Coverage or Actual Cash Value coverage.  HO3 policies are what we see most, and they are replacement cost coverage.  Some companies are adding a Roof Payment Schedule as well on an HO3 policy which basically reduces the amount of coverage about 3% per year since the roof wears out like a pair of shoes and an insurance policy is meant for acute issues, not wear and tear.

What does it mean if I have Named Perils on my home policy?

A named perils policy means that claims would be paid out on the policy if the damage is caused by list of potential perils named on the policy that could cause damage to your home.  If a loss happens to your home that is NOT on this list of causes of loss, then it would NOT be covered under the policy.  We find this to be the most confusing and least disclosed part of a home policy since there are some companies that only offer a named perils policy and their salespeople don’t fully disclose that this is the best option they have, for fear of losing a commission.  These policies are generally less expensive.

What does it mean if I have an Open Perils policy on my home?

An open perils policy states that the insurance company will pay for any direct physical damage to the home unless that loss is excluded. Some of those exclusions are: collapse, damage from freezing if you chose not to heat the home, wear and tear, earth movement, nuclear war and most home policies don’t include flooding from rising waters.

If you have a mortgage on your home, there is a good chance that your lender will require an open perils or all-risk policy.  These policies cover more problems than a named perils policy so there is typically, but not always more cost associated with these.

Working with an independent agency like Ryan Everet Insurance allows you to get fully educated on all of your options from multiple companies.  If you want a Named Perils policy, we can do that.  If you want an Open Perils policy, we can do that as well.  Our default is to offer the higher coverage option and educate our clients on their options.

Call one of our experienced insurance advisors at 940-268-5112 for more information.

The post What is the difference between Named Perils vs. Open Perils? appeared first on Ryan Everet Insurance.