Why You Need Boat Insurance

When you own a boat, there are a lot of risks that you face both on the water and out of it. There are many things that can happen to a boat to cause it damage, and you could be liable for accidents that damage other boats and watercraft. In Texas, there is no requirement that boaters must have boat insurance, but it’s smart to have it for your own protection. In addition, some marinas and bodies of water may require that you have insurance in order to use them. When you need a boat insurance policy, call us at Rickey McGill Insurance Agency in Arlington, TX.

Water Accidents

It’s always possible for collision accidents to happen on the water. If you should get into an accident on the water that is your fault, you will be liable for paying for the damage done to the other boat or medical bills if someone is injured. All of this can be highly expensive to pay for if you don’t have boat insurance. When you do have coverage, it can pay for all of these bills that are due so that you won’t have to come up with the money yourself. When you have this coverage, you will have better peace of mind every time you’re on the water. 

Other Boat Coverage

In addition to liability coverage, there are other types of coverage that can help protect you when you own a boat. Getting a policy type called comprehensive boat insurance will protect you against damage that can happen to your boat when you aren’t on the water. A number of risks to your boat exist on land, and you should be covered against them. You can also get property damage coverage that pays for things in the boat that are lost when you have an accident. 

Get Boat Insurance Protection

When you have boat insurance, you have protection. When you need this coverage call us at Rickey McGill Insurance Agency in Arlington, TX.

How Umbrella Insurance Can Help Protect You And Your Assets

An umbrella policy provides additional coverage if the liability limits on your home or car insurance policy have been exhausted. The policies are designed to provide financial protection for the wealthy, but anyone can benefit from the security of extra insurance protection. 

It’s a form of liability insurance that provides extended coverage if your regular insurance policy limits have been exhausted. This extra layer of coverage can be either an endorsement of a standard insurance policy or a standalone policy. If in Arlington, TX, call Rickey McGill Insurance Agency. 

What Does Umbrella Insurance Cover? 

Suppose you get a car accident, and the at-fault driver’s liability limits only cover up to $300,000. In that case, your umbrella insurance may cover the remaining expenses up to the policy’s limit. The policy can be added to any existing policy to increase coverage or be purchased as a standalone policy. 

Umbrella policies can cover various risks, such as liability from a slip and fall accident, a mistake made by an employee, or a wrongful claim from a policyholder that exceeds the limits of the company’s liability coverage. 

The insurance steps in and picks up costs if you run out of liability coverage on other policies. It can help protect your assets and future finances if you are sued and found liable for something in a court of law. 

You can purchase umbrella insurance policies through your current insurance provider or look for supplemental coverage. The policy offers additional protection if you are sued and found liable for something that exceeds the limit. 

It typically kicks in when your standard policy maxes out, covering expenses that could exceed hundreds of thousands of dollars, if not millions. Umbrella insurance is generally recommended if you have assets that might be at risk. This includes your home, other real estate, savings, investments, car, significant jewelry, antiques, collectibles, expensive artwork, tools, and business property. 


This additional liability insurance can help protect you against costs and circumstances that could not have been predicted. Additional policy kicks in once your standard coverage limits have been exhausted. An umbrella policy covers you and your assets in an accident or incident where you are held legally responsible and must pay damages to another person or company. As with any insurance policy, it is essential to research your options and compare rates to find the best coverage at the most affordable price. If you live in  Arlington, TX, call Rickey McGill Insurance Agency. 

Types of Condo Insurance in Arlington, TX

There are a few different condo insurance policies in Arlington, TX that you can choose from. Each type has its own benefits and drawbacks, so choosing the right one for your needs is essential. Here’s a look at the different types of condo insurance:

Single-Unit Policies

These policies only cover one unit in a condominium complex. If you live in a single-unit condo, you’ll need this policy. Single-unit policies typically have lower premiums than other types of condo insurance.

Multi-Unit Policies

Multi-unit policies may have higher premiums than single-unit policies. These policies cover more than one unit in a condominium complex. If you live in a multi-unit condo, you’ll need this type of policy. Your Rickey McGill Insurance Agency representative can help you determine the right policy for your needs.

Master Policies

A master policy is insurance that covers the entire condominium complex. Master policies typically have higher premiums than other types of condo insurance. If you live in a condo with a master policy, you may not need to purchase an individual policy.

Which Policy is Right for You?

As a single-unit owner, you’ll typically pay your dues to the condo association and have them purchase a master policy. But, you’ll still need to get your single-unit policy to cover your personal belongings and liability.

Multi-unit owners will also pay dues to their condo association, but they’ll need a multi-unit policy and the master policy. This type of policy covers your personal belongings and liability.

No matter which type of policy you choose, make sure you work with a reputable insurance agency, like Rickey McGill Insurance Agency, to get the coverage you need.

Life insurance tips for all life stages

You can count on the Rickey McGill Insurance Agency team when it comes to life insurance. We serve the insurance needs of the greater Arlington, TX area and would welcome the opportunity to work with you too! Give us a call today to discuss your life insurance options. 

Life insurance for all life stages

As you progress through different life stages, your insurance needs can change. When you have a young family and are just starting your career, your needs will differ from when you are preparing for retirement.

If you are in retirement, you may only need coverage for burial expenses. In that case, a term policy might be sufficient. If you are relatively young and are building your financial foundation, a variable policy may fit the bill.

Life insurance can provide the protection you need throughout your entire life if you choose a policy that will adapt to your needs. Universal policies are often a good choice for people who have started building their financial foundation in the middle of their careers.

Knowing where you are, your current needs, and your future needs can help a local agent help you with your decision. Having reviewed all policy options in a more targeted manner can make the process much less daunting. 

Whatever type of policy you decide on, be sure that you get the protection you need!

Let us help you find the life policy that meets your needs!

Rickey McGill Insurance Agency understands that insurance needs can change. If you are a resident in the greater Arlington, TX area, we are here to assist with all of your insurance needs. Give us a call or stop by today.

Is Cyber Liability Insurance Required For My Business?

Although cyber liability insurance is not required for small businesses, it does offer additional peace of mind. It protects you from the exorbitant costs tied to a cyberattack or incident that impacts your customers, employees, or business. 

With data breaches and cyberattacks on the rise, it is not a matter of if but when your small business is targeted. While breaches to major and publicly traded companies always make the noise, small businesses represent a lucrative attack vector for cybercriminals because these companies often lack robust cybersecurity policies and defenses. If your company is responsible for or stores sensitive information such as HR records, credit card data, social security numbers, or bank account information, you need a cyber liability insurance policy. Cyber insurance policies can help pay for the costs associated with:

  • Regulatory fines
  • Lawsuits from impacted customers
  • Mandatory notification of affected parties
  • Forensic investigation and mitigation of security flaws
  • Credit monitoring services for impacted customers
  • Loss of business stemming from negative PR

There are two main types of cyber liability insurance – first-party coverage and third-party coverage. First-party coverage helps pay for expenses when your systems or networks are attacked, while third-party coverage offers financial protection when a client sues your business for failing to prevent a breach at their place of work. 

At Rickey McGill Insurance Agency in Arlington, TX, we know that you’ve poured your blood, sweat, tears, and money into building your business. Consequently, we’re invested in making sure that you don’t suffer a debilitating incident that could leave your business struggling to survive. To that end, we’ll work tirelessly to customize a commercial insurance policy that meets all your needs. Give us a call today to learn more. 

Tips for buying home insurance for the first time

With dozens of insurers to choose from and factors to consider, the task of buying home insurance can be overwhelming and challenging for most first-time buyers. However, with adequate preparation and guidance from insurance experts at Rickey McGill Insurance Agency, you can be sure to get a policy that will provide a healthy financial safety net. Here are a few tips to help you get started.

Conduct enough research

Research is quite essential if you want to get the most out of your policy. Start by researching home insurance companies around Arlington, TX. Know where they’re located, their quotes, and terms. This makes it easier to focus on the companies that provide value for your money. Check what insurance companies ask for and the factors that affect your premiums.

Create a budget

Once you have checked several online quotes from different companies, it’s time to create a budget. Remember your budget should match your insurance needs.  For instance, you can calculate the value of your home and add the amount to the value of your personal belongings. That will be your home insurance cost.

Understand how the policy works

Don’t depend on your insurance company to tell you everything. Before signing any documents, make sure you understand your policy very well. You can ask for clarifications for statements that you don’t understand. This helps you know what to expect during the application process and how to file an insurance claim.

Shop around

Your online research can help pinpoint some of the most reliable insurance companies. Check their pricing, customer services, reviews, and discounts offered to determine which company meets your needs.

Buying home insurance in Arlington, TX? Rickey McGill Insurance Agency has the time, expertise, and tools to help you get a policy that satisfies your insurance needs. Feel free to call us for more information, quotes, or new policy discussions.

Tips for Keeping Your Teen Driver Safe

While summer may be particularly risky when behind the wheel, the truth of the matter is that every day is a risk. Teenagers tend to be the most vulnerable, especially throughout the summer because school is out. If you have a new, young driver hitting the road soon in Arlington, TX, you will want to protect them with auto insurance from Rickey McGill Insurance Agency. Here are a few additional tips to keep your teen driver as safe as possible.

Limit the Number of Passengers

When your child is new to driving, a car full of rowdy siblings and friends can make it incredibly hard to focus on driving and their surroundings. Therefore, you should limit your child’s passengers to one at a time. Depending on your state, your child may be restricted by law from having anyone other than a sibling or more than one passenger at a time until they reach a certain age.

Put Cell Phones Away

Teens often fail to comprehend the consequences of certain actions, such as texting and driving. Implement a stipulation that your teen must keep their smartphone away when they are driving. In the event your teen needs the phone for navigation, there are apps that can be downloaded onto the phone that will not allow it to be used for any other purpose until the vehicle has come to a complete stop.

Offer Options

You need to ensure that your teen understands poor behavior will not be tolerated. This includes underage drinking and driving. While you never want your teen to drink before they are of age, the most important thing is they feel comfortable giving you a call if they do decide to drink as opposed to getting behind the wheel and driving home. Options like this will reduce the chance of your teen making poor, dangerous decisions.

If your child is of age, you need to ensure they are on your insurance policy or has their own. Contact Rickey McGill Insurance Agency for more information on teen auto insurance in Arlington, TX.

Why you need insurance for recreational vehicles in TX

Are you a recreational vehicle enthusiast? The team at Rickey McGill Insurance Agency can help you find the right insurance policy to cover your ATV. We serve all of the insurance needs of the greater Arlington, TX community, and would welcome the opportunity to work with you too!

Why you may need recreational vehicle insurance 

Many off-road vehicle enthusiasts think that they do not need insurance for their vehicles because they only ride them on private property. While there is some basis to this idea, it doesn’t tell the whole story. If you are riding on your land and have an accident, there are several policy types that can help cover medical expenses for yourself or a passenger, or damage to the vehicle, if the mishap is considered a covered event.

Incidents that occur on private property can still cause financial loss to you as the owner of the recreational vehicle. Additionally, in the event of vandalism or theft, certain policies can provide protection from losses. These are just a few reasons why it makes sense to look into an insurance policy for your recreational vehicle. There is no reason why you shouldn’t protect this type of vehicle the same way you protect your car or truck. Talk to your local agent today and find out more.

Let us help you with your recreational vehicle insurance today!

Arlington, TX area residents can rely on Rickey McGill Insurance Agency for any help they may need with insurance. Our team is here to assist you in deciding which policy and coverage level are right for your needs. Call or stop by today!

Don’t skip renter’s insurance!

Rickey McGill Insurance Agency wants to be the insurance partner for the greater Arlington, TX area. We understand that today’s world can be pretty hectic, and obtaining a renter’s insurance policy is something that can often fall through the cracks. Yes, this is understandable, but we do like to encourage all of our clients to take the time necessary to obtain the insurance that will protect them.

Why renter’s insurance is a great idea

When you live in a rented unit, the insurance requirements fall to you, the tenant. While your landlord will have a policy that protects the building itself, and any common area, their policy will not provide coverage for your unit or personal belongings.

In the event of a covered event, you will be able to file a claim that is separate from any damage that the structure or the common areas may have. Because of this, you can tailor your renter’s policy to meet your own unique personal needs. There are a number of factors to consider, such as deductible amount, premium payment, and level of coverage that your local agent can help you with. Determining the right type of policy and the proper coverage level will help you find the policy that is appropriate for your needs. 

Is it time to choose your renter’s insurance policy? We can help!

If you need a renter’s policy, the team at  Rickey McGill Insurance Agency is here to help! Our team is focused on serving the insurance needs of the Arlington, TX community, and we would love to help you too. Give us a call to set up an appointment, or stop by our office today.

Do Texans Need Motor Home Insurance?

If you love to travel around Texas in your motor home, you are not alone. Many people enjoy traveling around the state, but they need to do so with the right motor home insurance. Insurance protects everybody on the road, and having the right coverage is crucial.

Rickey McGill Insurance Agency serves the Arlington, TX area and understands the impact of good insurance. If you plan to travel this year, here’s what you need to know about motor home insurance requirements in Texas.

Texas Requires Liability Insurance

In order to drive your motor home and have it registered in Texas, you must carry liability insurance. It needs a policy separate from your auto insurance policy if you can drive it on its own (and it is not towed by another vehicle).

Liability coverage is a guarantee that you will be able to cover some of the expenses incurred if you cause an accident. When you have a large vehicle like a motor home, you are smart to carry liability insurance.

Lenders May Have More Requirements

If you are still paying for the loan on your motor home, you may be required to carry additional insurance. This may include collision coverage, which covers the motor home if it is damaged in an accident, and comprehensive coverage, which covers your motor home if it is damaged in an incident unrelated to a collision.

Get Motor Home Insurance Today

Motor home insurance is required in Texas, and it is important that your policy meets your needs. If you aren’t sure exactly what your needs are, contact Rickey McGill Insurance Agency to make sure your policy meets the requirements for Arlington, TX.