Two Reasons to Get Whole Life Insurance

Posted on July 28, 2021August 1, 2021 by admin

If you need life insurance, there are different types of it that you can choose. One popular form of life insurance is the whole life policy. This type comes with specific benefits that you can’t get with other types of life insurance. If you’re interested in whole life, call us at Barry Insurance Group in Pearland, TX.

It’s Good for a Lifetime

One of the reasons that so many people choose whole life is that it literally lasts for your whole life. As long as you continue paying your monthly premium, you can keep this coverage to the end of your life. Some life insurance types are only good for a specific number of years. But with whole life, paying your premiums guarantees that you keep the coverage and that the insurance company can’t cancel the policy no matter how old you are.

The Cash Value

Perhaps the most common reason for people to choose this type of life insurance is that over time it builds a cash value. With this insurance, after you have been paying into it for a few years, you will have access to a portion of the death benefit if you need it. You can borrow against the amount of the cash value when you really need fast cash. This can help people out of a variety of financial problems over the course of their lifetimes. You can borrow the cash and pay it back later over time. If you were to borrow some of your cash value and then die without repaying it, your death benefit will still be paid to your beneficiaries, minus the amount that was borrowed.

Get Your Whole Life Policy

When you are ready for a whole life policy, give us a call to talk with an agent about it. Call us at Barry Insurance Group in Pearland, TX.

When Do I Need to Get Auto Insurance?

Posted on June 24, 2021June 24, 2021 by admin

Owning a vehicle features a fair share of freedom that everyone admires. While the feeling is irresistible, it comes with significant financial responsibility, courtesy of auto insurance coverage. Understanding when you need to visit Barry Insurance Group for your car insurance and the type of policy you need is rewarding. Read through to learn more about your auto insurance in Pearland, TX.

If it is your first-time buying insurance coverage, the procedure may seem challenging. However, that is not the case since you can enjoy a stress-free process with a positive attitude and some information. Take time to learn about different policies and what they cover before purchasing.

When To Buy Your Insurance

If you plan to get a new vehicle, it is convenient to start with your car insurance. Perhaps you have another car with an existing insurance cover. Enjoy a grace period for your new vehicle while it lasts if your insurance company offers that. Factors that influence your policy include your dealership. If you want to get a loan for your new car, buy insurance first is the way to go since your lender may demand proof of such.

For whatever reason, do not risk driving your new car without insurance cover. Besides being risky, it is also against the law. If an accident happens, it may attract hefty penalties and loss of money since you have to settle the bills from your wallet.

With existing insurance, find out the type of cover you need for your new car. Talk to your insurance broker to identify the options you have between the old policy and the one you intend to buy. Do not cancel your current policy if you have not purchased a new one. However, it is wise to discontinue it afterward, to minimize cost.

To understand the right time for you to buy car insurance in Pearland, TX, visit our website to connect with Barry Insurance Group for all your queries.

Is Commercial Insurance Really Worth It?

Posted on May 26, 2021May 25, 2021 by admin

Texas business owners should evaluate various types of commercial insurance to safeguard them against different risks common in the business environment. Why? The financial health of your business could be thrown into ruins by risks like theft, vandalism, fire, liabilities, and employee injuries. If you are a business owner in the Pearland, TX area, consider Barry Insurance Group for all your business insurance solutions.

Is commercial insurance mandatory in Texas?

Commercial auto insurance is required in Texas, but unlike many states, Texas doesn’t require private employers to carry worker’s compensation insurance. However, it’s advisable to carry workers’ comp insurance, whether mandatory or not, to protect your employees.

Is commercial insurance worth it?

Running any form of business comes with inherent risks ranging from natural calamities, employee injuries to lawsuits. Ensuring your business is adequately covered provides the following benefits:

Liability protection: If a business venture or its operations propagates any form of injury to any other individual, liability insurance pays for the rising medical costs.
Assets protection: Commercial property coverage pays for damages or losses to your business building and other business assets like inventory and computer when a covered peril strikes.
Covers advertising liability: When your business violates the copyright rule of another party, it may culminate into a copyright infringement issue. Liability coverage comes to the rescue as it cushions your business against arising legal liability claims.
Protection of workers: Although Texas does not require workers’ compensation, it’s essential coverage to consider. This coverage pays for medical expenses and partially missed income arising from illnesses and injuries for your employees.
Protection from cyber-crimes: Cyber liability insurance offers protection for certain losses caused by data breaches. It will assist a business in settling some costs culminating from a data breach, like customer notification and legal fees.

Buying commercial insurance in Pearland, TX is a prudent move to safeguard your business and employees. If you are searching for a proper commercial insurance policy, don’t look beyond Barry Insurance Group. Contact or visit us today and initiate your insurance journey with us.

Home Insurance 101

Posted on April 22, 2021April 22, 2021 by admin

As a homeowner in Pearland, TX, you need to take care of your property through all the means possible. Having home insurance can be one of the comprehensive methods to adapt to cater to the different dangers that are likely to face your home. If you’re interested in taking care of your valuable investment, here are some of the reasons why you should buy a home insurance policy from Barry Insurance Group.

Covers the Structure of Your Home

The structure of your building is the most vulnerable section of your property. It is constantly dealing with fire, environmental exposure, rainwater, and physical damages. This means you will be required to repair it to maintain its integrity regularly. With home insurance, you will not pay for the cost of repairing or rebuilding your structure because your insurance company will cover everything.

Covers Your Personal Belongings

Inside your building, there are very many valuable personal belongings that you should endeavor to protect against fire, hurricane, and even theft. You need to protect some valuable personal belongings, including furniture, clothing, electronics, and sports equipment. A good home insurance policy will help you in covering and protecting your personal items against insured perils.

Caters for Liability Protection

Home insurance can also help you cover for injuries caused by you or your family members to people visiting your property. It will help pay for associated medical expenses and other unseen costs that may arise from the same situation. Some comprehensive home insurance policies can also cover some of the injuries caused by your pets.

Are You Looking for Home Insurance?

If you have been looking for home insurance in Pearland, TX, you don’t have to struggle again. Barry Insurance Group will help you get the best home insurance policy that will protect your home’s structure and personal belongings.

What does well control insurance cover?

Posted on March 25, 2021March 25, 2021 by admin

You may have purchased well control insurance because your financial advisors said to do so, but Barry Insurance Group, serving Pearland, TX, wants you to understand why you need it and when it kicks in. Owning an oil company or prospecting for oil tends to start with exploring land or working as a landsman. You may wonder what the well control policy covers, so you know why you need it.

Items Covered by Well Control Policy

If you have worked in the oil and gas industry for a long period, you know the egregious problems that a well blowout causes. Your well control policy covers the costs of a well blowout. In a blowout, the crude natural gas and oil expel from the well in an uncontrolled manner. This saturates the ground around the well. The typical cause of a blowout is a failed pressure control system.

The blowout causes more than just a loss of raw materials from which you could have made money. Its ground saturation causes ecological issues for which you must apply mitigation. A blowout can cause fires, explosions, or other related issues that also cause damage. In addition to shutting down production, blowouts can also cause injuries or deaths among the well workers. While worker’s compensation covers the medical costs of these injuries or death, liability insurance covers the associated costs of personal injuries.

Cleaning Up a Blowout

While you still have the responsibility for the cleanup and the costs of injuries or death, obtaining a well control policy lets you transfer the cost and risk of a blowout to the third-party insurance company in exchange for a fee – your monthly premium. The well control policy covers the costs of:

Assuming control of the well, including temporary capping and/or repair of the pressure control system, etc.
Pollution abatement
Reinstate the well to proper working order, including redrilling

You can only claim this insurance policy if you own an oil or natural gas well that experiences a blowout. Contact Barry Insurance Group, serving Pearland, TX, for more information on how you can protect your working wells.

Common Flood Insurance Myths To Avoid While Researching Coverage

Posted on February 22, 2021February 22, 2021 by admin

Barry Insurance Group offers coverage to the Pearland, TX community. We strive to meet the needs of our clients through offering services built on ethics and integrity. We understand that every one of our clients is different. That’s why we take the time to advise them and help them make the right decision.

Common Flood Insurance Myths To Avoid

As a Pearland, TX resident, flood insurance is important. Texas is prone to flooding due to severe weather. You never know when rising waters from a hurricane can cause serious damage. Flood insurance can help you protect your property if a disaster arises. All of your personal items are covered if they suffer flood damage. While you are researching different policies, avoid these common flood insurance myths.

I Can Rely On My Home Insurance Policy

This is incorrect. Your home insurance policy does cover your property if it suffers some water damage. However, flood insurance is the only way to protect your property if it suffers flood damage.

Coverage Isn’t Necessary Because Of My Location.

Even if you don’t stay in an area where there is an extremely high-risk of flooding, at some point, severe weather may move into the area. You want to avoid being left unprotected when you need it most. That’s why flood insurance is so important.

I Should Find Coverage Right When Storms Move Into The Area

This is a potentially serious mistake. Keep in mind that your flood insurance policy will likely contain a grace period. If you wait until it’s too late to find coverage, you may be left unprotected when severe weather moves into the area. You are responsible for any flood damage to your property that occurs before your policy starts. Research flood insurance coverage long before inclement weather moves into the area.

Barry Insurance Group Will Help You Protect Your Assets

Visit our website today to learn more information about renters insurance.

Who needs health insurance in Pearland, TX?

Posted on January 26, 2021January 26, 2021 by admin

The simple answer to this question is—everyone. No matter how healthy you are, you might need to visit the hospital for one reason or another. Without proper health insurance in Pearland, TX, you will be required to pay for medical expenses from your pockets, which can be pretty expensive. However, certain circumstances make it more likely that you will need health insurance more than other people. You need a health insurance plan if:

You are Expecting a Child

Financial preparation is quite essential if you are expecting a child. A lot of money goes into maternity and postnatal visits to the doctor. Therefore, you need to be prepared with adequate health insurance to cover the majority of the expenses. At Barry Insurance Group, we recommend consulting your doctor to find the best health insurance offers for maternity care.

You are Aged 26 or Older

The Affordable Care Act (ACA) allows young people to be covered under their parents’ health insurance until they are 26 years old. From that age, you will need to buy your separate health insurance to protect you and your family when you get married.

You are Unemployed or Self-Employed

If you lose your job, you are still eligible for health insurance through your employer’s health insurance plan via a program known as the Consolidated Omnibus Budget Reconciliation Act (COBRA). The program ensures that employees continue to have health insurance even after losing their jobs. If you are married and self-employed, you can purchase health insurance and include your spouse and children.

You are Approaching Retirement

When you retire, your income reduces, and you are no longer eligible for employer-sponsored health insurance. Retirement age also comes with age-related illnesses, some of which can be chronic and deadly. With this in mind, you need to make sure you have enough health insurance before you retire.

Don’t wait till you have an emergency to buy health insurance. Barry Insurance Group agents are always ready to provide you with useful information to help you make an informed decision. Contact our office in Pearland, TX today!

Do I need life insurance when I retire?

Posted on December 21, 2020December 21, 2020 by admin

Once you start to think about retirement, many things come up. You consider downsizing and take a good look at your finances. Even though you have been planning for retirement for years, nothing prepares you for the change in your income and the new expenses you may have. Looking for things to cut back on, life insurance comes to mind. You may wonder if now that your life will be less complicated if you need life insurance. Talking to the experienced agents at Barry Insurance Group in Pearland, TX can answer your questions.

Like at any point in your life, life insurance is not about you, it is about protecting the ones you love. When considering whether you need life insurance when you retire, it is important to consider who counts on your income. Your income when you retire maybe your social security and a pension. With the pension, you can decide to have your spouse continue to receive the pension by agreeing to take a lesser amount every month.

Social security doesn’t allow this option, but your spouse can opt to keep yours and relinquish their payment if your payment is larger. No matter how you look at it, there will be considerably less income coming in. If you have made other financial decisions that will guarantee your spouse will still have adequate income even without you being there, life insurance is optional.

If you are entering retirement with a mortgage and other debt, life insurance can help pay off these debts and your final expenses. Determining if you need life insurance when you retire is dependent on your total financial picture.

Contact Barry Insurance Group in Pearland, TX to discuss your life insurance needs and any other insurance questions you may have.

Do I need auto insurance in Texas?

Posted on November 24, 2020November 24, 2020 by admin

In the Pearland, TX area, it is a good idea to own a car. Those who have a car here will have a much easier time getting around town, making life easier and more efficient. As you are shopping for a new vehicle, you also need to think about getting auto insurance coverage. You will need this insurance for several different reasons when in Texas.

Insurance Protects Asset

You will need auto insurance in the Pearland area because it can protect your asset. Your car is one of the most valuable and important assets that you will ever own. If you do have a car, you will want to protect it. When you get a full insurance policy, you can be protected against many risks, including the risk of theft or accident damage.

Insurance is Required

You will also need to get auto insurance coverage in Texas because it is often a requirement. When you take out a car loan, your auto lender will require that you carry a full auto insurance policy at all times. Additionally, the state of Texas will require that all drivers on public roads carry the minimum level of auto liability insurance at all times.

As you are shopping for auto insurance in the Pearland, TX area, it is important that you get the guidance and support needed to choose a new policy. When you are looking for support, you should call the team at the Barry Insurance Group. The Barry Insurance Group can answer any questions that you have about your needs and options for insurance. Based on this, you will choose a policy that provides you with the right type and level of coverage.

What Happens If I Don’t Have Commercial Insurance for my Business?

Posted on October 30, 2020October 30, 2020 by admin

Not having commercial insurance as mandated by Texas or any other state can result in significant monetary loss from fines and business if your company is forced to close for violations. Specific to Texas, unlike in the majority of states, businesses are not required to have workers’ compensation insurance, which helps pay for costly medical bills and other damages associated with an employee’s inability to work due to workplace injury or illness. Additionally, any Texas companies that have contracts with the government must have workers’ compensation insurance. Although workers’ compensation insurance is not required in Texas, any business-owned vehicles must be covered by commercial auto insurance with at least state minimums for liability coverage. Additionally, if you own a business where employees are required to use their personal vehicles for work purposes, then it is strongly recommended that cover those vehicles with hired and non-owned auto insurance because personal auto policies generally exclude business use.

Choosing not to have commercial insurance can have a devastating impact on your livelihood by leaving your business and assets exposed. In addition, failure to carry commercial auto insurance as mandated by the state can result in costly fines and even a potential shutdown. Consequently, the vast majority of business owners turn to commercial insurance to help protect their companies. When choosing insurance, be sure to have adequate liability coverage. Depending on the type of business, it may be important to have supplemental coverage like cyber liability insurance if you are hacked or suffer a data breach. When you are ready to find the perfect policy, give Barry Insurance Group in Pearland, TX a call so we can help you customize a commercial insurance plan that best fits your business and needs.

Instant Quote

HOW CAN WE HELP YOU?

Barry Insurance Group

Call us at

281-464-3384!