Tips for Filing a Home Insurance Claim

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With millions of people filing for home insurance claims every year, you would think that getting reimbursed is a simple process; however, that isn’t always the case. While you may think that you’ll never need to apply for a claim, it never hurts to be prepared. 

Start by keeping an itemized list of your personal belongings that includes every item you would want or need to replace after a covered incident to include the price paid, the purchase date, and receipts if available. Having this list will have a myriad of benefits because it will allow you to quickly determine how much you’d want to replace if you had to make a claim, provide evidence to the insurance company of what you paid for the item and when, and ensure that you have enough coverage to pay for the cost of all your replacement items. 

Once a claim is initiated, you’ll be assigned an insurance adjuster that is responsible for evaluating the damage to your home or property and determining how much money you’ll receive as reimbursement. Keep in mind that the adjuster works for the insurance company and is professionally motivated to lower the potential monetary payout. As a result, be careful what you say to the adjuster and never make an admission of guilt. 

When communicating with the insurance adjuster, documentation is critically important. Each time that you speak with the adjuster or a person from the insurance company, write the date and time of the conversation plus an explanation of what was said. 

At the Select Insurance Agency in Coppell, TX helping our customers is our top priority. Whether you have questions about filing a claim or want to find a new home insurance policy, the team at Select Insurance Agency in Coppell, TX is ready to help.

Auto Insurance and College Students: What You Should Know

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When it comes time for your child to go off to college, you may be thinking that you can send them off without a vehicle and take them off the insurance policy. Alternatively, you may think it is time that they got their own insurance policy. There are many questions that can crop up at this time of your child’s life, and it is important that you get the answers to your questions. So, the team at The Select Insurance Agency has come up with a couple of the most common questions and answers for Coppell, TX residents.

Should Your College Student Get Their Own Auto Insurance Policy?

The answer to this question ideally depends on where your child will be living. So, if your address is going to be used as your college student’s permanent address, then you will likely be able to keep the vehicle they’re using on your auto insurance policy.

However, if they intend to live on campus or in a nearby apartment for the duration of the school year, they may need their own policy.  

Can You Keep Auto Insurance on a Vehicle If It’s in Another State?

If your child is going to be attending college in another state, you may still be able to keep the vehicle on your insurance policy. This is particularly true if the vehicle is in your name. However, if the vehicle is in your child’s name, this may be a different story.

To determine the best move in terms of auto insurance for your college student, contact us today. Serving the Coppell, TX area, The Select Insurance Agency can discuss your individual situation with you to determine exactly what steps need to be taken to ensure that your college student is properly ensured before going off to school.

What Does Long Term Care Insurance Cover?

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Coppell, TX residents interested in purchasing long-term care insurance have the right idea – it’s difficult to predict how your health will be as you get older. 

The Select Insurance Agency recommends long-term care insurance for several reasons, but mostly because of the financial resources and support it offers those who will need it later in life. It may be difficult to fully grasp and appreciate the value of this type of insurance plan, but when you need it, you’ll be grateful you invested in a full-coverage plan. 

There are many unforeseen illnesses and circumstances that you may encounter in your lifetime. Rather than trying to predict the likelihood, you will need it, cover all your bases and do your due diligence by investing in long-term care insurance. 

Invest In Your Own Care

At Select Insurance Agency, we understand and empathize with the overwhelming feelings many people experience when shopping for insurance. You protect all the valuable investments that you can in your life; from your home to your vehicle, to your businesses, even your recreational toys like a boat or an RV. Your own personal care later in life is just as important as any of these other assets and should be treated as such. 

Our team of agents is here to help. We have experience with helping families and individuals select full coverage insurance plans that will provide security and peace of mind in any scenario or circumstance life may throw at them. Residents in Coppell, TX who want to be prepared should look into long-term care insurance and find a suitable plan that is satisfactory.

Life Insurance Options

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Life can be very unpredictable and none of us know when we will leave this world which is the reason that life insurance is so important. In Coppell, TX, the staff at The Select Insurance Agency know and understand the purpose of all the different types of life insurance options that are available.

Reasons You Need a Life Insurance Policy

Life insurance will help your loved ones pay off debts after you pass away which means there will be less stress for your family financially while they are grieving your death. A life insurance policy will also provide you with peace of mind in knowing your family will be taken care of in the event of your untimely death.

Types of Life Insurance Policies

Universal Life Insurance

The most popular of the three main types of life insurance policies, universal life insurance is a type of savings account of sorts.  This type of policy allows you to borrow money from it while you are still alive so you can pay off debts on your own and your beneficiaries will not have those debts to worry about after you die.

Term Life Insurance

A term life insurance policy will only help your loved ones if you pass away during the term in which it is an active policy. It is a very simple type of life insurance policy and you get to set the length of each term, however, if the term expires and you renew, your premiums may go up somewhat.

Whole Life Insurance

A whole life insurance policy is also known as a permanent life insurance policy and it will pay out in a death benefit when you pass away. There are three different types of whole life insurance policies, including universal life, variable universal life, and traditional whole life.

An experienced life insurance agent can assist you in determining which type of life insurance policy will be the best one for you and your situation. Call the agents at The Select Insurance Agency in Coppell, TX to get your policy started today!

Questions to ask when choosing your health insurance

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Choosing health insurance is not easy. So much depends on your making the right choice. Many different factors go into the decision and getting it wrong means you will have the wrong coverage for an entire year. Having an independent insurance agent who knows you, your needs and the options available is a big help and makes it a lot less stressful. At The Select Insurance Agency in Coppell, TX, we are dedicated to helping our customers make good insurance decisions and, since we work for you, making you happy is our goal. 

What is the plan deductible?

All plans have a deductible that must be met before coverage begins. High deductible plans have just that, a high deductible. If you are very healthy and likely won’t need much medical care this year, this is an affordable option. If you need to use your insurance frequently, it may be more expensive than a lower deductible plan. 

Is my doctor in-network?

All plans have networks of healthcare providers. Not every provider is in every network. Depending on the type of plan you have, you may have to use providers in-network to get any coverage. 

Are my prescriptions covered by the plan? 

If you are taking prescriptions, you need to check the formulary for any plan you are considering to find out if your medication is covered and what the co-pay is. 

Does the plan include dental, vision, and hearing services?

What exactly is the plan providing? If it is only medical coverage, do you have the option to add these additional types of coverage?

How much is the monthly premium?

While this may in reality be the most important question, it should not be the only reason for choosing a particular plan. 

When you are ready to make your health insurance choice, at The Select Insurance Agency in Coppell, TX,  we are ready to help.

Why should you get dental insurance in Texas?

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People that live in the Coppell, TX area need to make sure they have the proper insurance in place to take care of themselves and their dependents. One form of insurance that people in this area should get is dental insurance. There are a few reasons why people should get a dental insurance plan.

Access to Affordable Routine Care

One of the reasons that you should get dental insurance is so you have access to affordable routine care. Caring for your teeth is very important. Those who do will have fewer long-term issues and can avoid significant decay and discomfort. A great way to ensure you avoid these challenges is by having your teeth cleaned a couple of times per year. When you have insurance, you can see a dentist for reduced rates, which can save you money and provide the care you need to keep your teeth in good shape.

Avoid Significant Costs

Another advantage of dental insurance is so you can avoid significant costs. If you ever need a dental or oral procedure, your costs can be significant. Fortunately, when you have dental insurance, you can reduce these expenses. You will often have annual maximums and other cost savings that will reduce the amount of money you need to spend out of pocket. 

If you are assessing your dental insurance needs in the Coppell, TX area, it would be a good idea to properly evaluate your needs and options. One company that can help you choose the best plan for your situation is The Select Insurance Agency. Those professionals with The Select Insurance Agency can help you properly assess all of your insurance needs. This will help you then build a plan that will provide you with ideal coverage for your situation. 

What Is Workers Compensation?

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Workers’ compensation helps provide insurance coverage in the event an employee is injured or killed at work. When injured, workers’ compensation helps pay for medical bills and lost wages while the employee recovers. In addition, workers’ compensation helps protect you as the business owner, reducing the risk of being sued for damages and negligence associated with an employee’s injury. Business owners in Coppell, TX, should call the experts at The Select Insurance Agency today to discuss how workers’ compensation can protect their business assets. 

What is Workers Compensation Insurance?

Workers’ compensation insurance provides money to cover medical expenses, rehabilitation costs, and lost wages to employees who become injured or ill, related to the scope of their job. 

Who is Required to Carry Workers Compensation Insurance? 

All states require businesses with non-owner employees to purchase workers’ compensation insurance to cover their employees in the event of an on-the-job accident. Business owners who do not provide workers’ compensation coverage may face severe repercussions when they have to pay for injury claims and fines out of pocket. Additionally, business owners who fail to purchase this insurance may face imprisonment or lose their right to conduct business in the state. 

How Does a Workers Compensation Claim Work? 

When an employee becomes injured on the job, they must visit a healthcare professional immediately to document injuries to support their claim. Employees can begin the claim process by filing the necessary paperwork, and when approved, they will receive compensation payments. Then, when ready, the employee can return to work. 

Business owners in Coppell, TX, needing help with their workers’ compensation insurance policies, can reach out to the experts at The Select Insurance Agency. Our agents can help answer your questions and get you the best insurance plan for your business needs. 

4 Benefits of Getting Small Business Insurance

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It’s a great thing to have insurance for your small business. As a small business owner, it’s ideal to learn all the ways that this can protect and help you to maintain your operations for as long as possible. The agents at The Select Insurance Agency of the Coppell, TX area can help you get all the coverage you need. 

The Benefits of Having Small Business Insurance 

1. Business insurance helps when it comes to liability claims and property damage. There are various risks involved with running a business and many of these are not expected. It’s in your best interest to know that you’re covered with adequate insurance in the event that something occurs. You’ll be able to minimize your financial losses this way. 

2. It’s important to make sure your employees are protected with insurance. If someone is injured or becomes sick as a result of the job, you can offer them workers’ compensation insurance. This will provide them coverage for medical care, replace at least some of their lost wages, and offer a financial benefit to the family of a deceased employee. 

3. Business insurance lends credibility to your company. Not only will employees feel more comfortable working for you, but clients and customers will see your level of professionalism. They’ll know that the work you do is protected. There are certain industries that even require proof of insurance before you start to provide any services or work on a project. 

4. A natural disaster can strike at any time. For this reason and others, be prepared by getting insurance for your business. You won’t have to deal with the burden of paying for repairs and replacement costs completely out of pocket if you have a policy in place. 

When you’re ready to get business insurance, reach out to a reputable company in the Coppell, TX area. Professionals at The Select Insurance Agency are happy to assist you. 

How can a toy insurance plan help someone?

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Those that are in the Coppell, TX area and want to enjoy the area as much as they can, should consider getting a recreational toy. If you are going to purchase a recreational toy, you can have a lot of great experiences but will also be making a major investment. Due to this, getting toy insurance should be considered a necessity. This coverage can help someone here in several ways. 

Protect Asset

One of the ways your toy insurance plan can protect you is by covering your asset. If you choose to purchase any type of recreational toy, you will be making a significant investment. Due to this, you should always look to protect your asset as well as you can. A great way that this can be done is by getting a full toy insurance plan as it will protect your recreational asset.

Mitigate Risk of Liability Claims

Owners should also get a toy insurance plan to offset their liability risk. If you choose to operate a recreational toy, there is going to be a chance that you cause an accident. Whenever you are at fault for an accident, it will be your responsibility to cover damages associated with it. If you get a proper toy insurance plan, you will get the liability coverage you need to mitigate this risk. 

Those that are going to purchase a recreational toy in the Coppell, TX area will clearly want to have proper insurance for it. As you are looking for a plan here, calling The Select Insurance Agency is a good idea. There are a lot of different choices to make when selecting a toy insurance plan and  The Select Insurance Agency can make this process easier. The team will carefully assess your situation and offer the support you need to choose your next policy. 

Basics of RV Insurance

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RVs offer a great way to explore the world while bringing the comforts of home along for the adventure. Coppell, TX RV owners have spent a lot of money purchasing their RV, maintaining it, and getting it ready for the open road. Because RVs are such a considerable investment, the experts at The Select Insurance Agency understand the need to protect them with RV insurance. 

Continue reading for more information about the basics RV insurance has to offer: 

What is RV Insurance? 

RV insurance protects from excessive financial loss in the case of an accident or theft. In addition, the insurance policy may provide coverage for personal injuries, legal liability, or vehicle repairs. Additionally, some RV insurance policies offer roadside assistance, which can be beneficial for those who do a lot of traveling in the RV. 

What Coverage is Included in RV Insurance? 

RV insurance policies offer similar protection as car insurance does. Coverage typically included in an RV insurance policy include: 

  • Bodily injury liability coverage: Protects you if you or a driver insured under the policy causes injury to someone else. This coverage also protects against any injury claims where you were found liable in a court of law. 
  • Property damage liability coverage: Protect you when you’re found at fault in an accident with damage to another person’s property.
  • Collision coverage: Helps pay for repairs or replacement if the RV becomes damaged in a crash. 
  • Comprehensive coverage: Provides coverage if the RV is stolen or damaged by fire, vandalism, or severe weather. 
  • Uninsured/underinsured motorist coverage: Provides coverage in an accident when the other driver does not have insurance or has enough insurance coverage. 

Essentially RV insurance helps protect RV owners against anything that can happen to their RV or traveling. Those in Coppell, TX can learn more about the basics of RV insurance by reaching out to the experts at The Select Insurance Agency. 

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