What are the benefits of using an independent agent for setting up commercial insurance for my business?

Business insurance protects you from accidents, loss of use of business property, and other incidents that can make it a bad day for a business owner. When you’re shopping for commercial insurance, you have a lot of options in Dallas Texas. Some businesses may choose to go directly to an insurance company, but you don’t always get the best deal if you stick with the same company you’ve been with for other insurance policies.

A local agency gives you access to multiple commercial insurance carriers, providing you with benefits such as cost comparisons and a lack of personal time invested in finding out exactly how much each policy costs. The independent agent also has experience in dealing with a variety of commercial insurance policies, so they can advise you on whether you need additional insurance, riders you may be interested in, and other products.

A local agency also works directly with you, instead of working for an insurance company specifically. This means that you have an advocate on your side, instead of dealing with an insurance company. If you don’t like the terms that a specific company gives you, the local agency can find you a comparable option.

When you run your own business, you need to make the most efficient use of your time as possible. When you have an independent agent doing all of the comparison work for you, as well as knowing exactly which companies provide the business insurance you need, you save a lot of time and may save money on top of it.

What Type of Life Insurance Policy do I Need?

When purchasing life insurance, it can become rather overwhelming when you realize just how many options that you really have. There are a number of factors that can influence your choice in insurance policies, and each choice is a highly individual one. However, this article will cover the two major policy types and may help you decide which is best for you.

A term life policy is one that will have low monthly payments and will only be in effect for a certain number of years (as much as 20 years is common, but the length of term policies vary.) If you pass away during the term, your survivors will get the amount of the policy. A term policy can be a good choice for you if you want to have a significant sum in life insurance while still having low monthly payments. Once a term policy expires, you will have to renew it to keep it in effect, and as you get older the costs rise significantly.

A whole life policy is less valuable in payoff but may have more benefits overall. This type of policy, also sometimes called Universal Life, is more expensive on a monthly basis and has a lower total payout, but it offers the significant benefit of building up a cash value. Once the policy is paid off (this policy will have, for example, a five year payment plan) it is fully purchased and is owned by you. When you pass away, the full amount of that policy will be paid to your survivors. If you need to borrow cash against the policy you can usually do so, but you will need to pay yourself back if you want your survivors to get the full benefit when you pass.

Don’t take a chance on passing away with no policy to protect your survivors. You can call or contact our agents anytime to get a completely free comparative quote from several different carriers. We are here to help you find the ideal policy for you and your family!

Does the kind of car I drive affect my insurance rate?

Many factors affect your insurance rate, as car insurance companies look at multiple points of data to see how statistically likely it is for your car to be involved in an accident. In addition, some cars are more likely to be stolen than others, driving up their rates.

Sports cars have a big impact on your car insurance rates, especially if you’re under 25. These cars have access to higher horsepower and speeds, so if an accident occurs it may be much more damaging than it would be in a lower powered car.

If you have the misfortune of owning a car model that is known for being stolen often, you receive a rate hike. You would be surprised at the most stolen types of cars. They aren’t the biggest, flashiest vehicles. Standard, mid-range sedans are more likely to get stolen in this circumstance. With that said, the more expensive your car, the more likely it is for your insurance to be higher since your claims are more expensive as well.

Your car’s crash rating has an impact on car insurance rates. If you have a new car that excels in safety, it’s cheaper to insure since the damage in an accident is lower. In addition, cars such as minivans don’t take as much damage in an accident due to their larger size and construction, as well as the fact that they are generally driven as daily drivers at lower speeds.

Keep these insurance factors in mind the next time you purchase a vehicle. The base price might be good, but the overall cost of ownership may be too high with the insurance added in.

Are there different types of insurance coverage options for brand new cars?

When you purchase a brand new car, a quick chat with your auto insurance provider will reveal plenty of options available for protecting your most important investment:

Collision coverage. Unlike your standard liability insurance, collision coverage takes care of the damage caused to your vehicle if it hits another vehicle or object. Collision coverage usually makes sense only if the vehicle’s value is high enough to justify it, making it ideal for newer vehicles.

Comprehensive coverage. Any damage caused to your vehicle that’s not crash-related may be taken care of with this coverage. Such events include vandalism, theft, falling objects, animal damage, severe weather and natural disasters.

Guaranteed Asset Protection (GAP) insurance. In the event of an accident, this covers the difference between the vehicle’s actual cash value and the remaining amount owed on the loan or lease. GAP coverage helps prevent owners and leases from being “under water” on their loan or lease agreements by owing more than insurance payout amount.

If you have a lease or if you’re financing your vehicle, you may be required by your financial institution to carry these coverage options. Other auto insurance options include rental reimbursement, which covers the costs of renting a vehicle while yours is undergoing repairs and personal umbrella insurance, which provides additional coverage in the event a claim or judgment exceeds your liability limits.

To set up the above insurance options, simply get in touch with us to speak to an independent agent. We can also help you fine-tune your auto insurance policy to best benefit you and offer potential discounts depending on your particular circumstances.