Does Property Insurance Cover Injury to Animals on the Property?

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Your pets are part of your family and making sure that they are well taken care of it top priority. When your home is damaged or destroyed your pets may become injured. Your home property insurance may help cover the cost of your pets recovering after they are injured. For those that live in the Coppell, TX area, the agents with The Select Insurance Agency can help you to find the right policy for you.

There are a few different things that your property insurance covers that you might not expect, and one of them is an injury to pets to a certain extent. If you have a home on the property you are going to likely have a home policy that is going to cover your pets but you may also have a property policy that helps to cover animals on your property. If you have a farm and you have animals on the farm you will likely have a farm policy that will have the animals covered should they become injured, sick or killed.

If you do have pets and you want to make sure that they are protected at all costs, you want to make sure that you consider a pet insurance policy. Your property insurance does cover a great deal and might be useful if your pet or another animal is injured on your property but a pet policy is going to certainly cover an animal. The right policy is going to cover all the bases and is going to help you be certain that your animals and all your property is properly protected.

For those that live in the Coppell, TX area, the agents with The Select Insurance Agency can help you find the right property policy for you.

Protect Your Home and Property with a Comprehensive Homeowner’s Policy

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Our homes are the backbone of our families and protecting the structure and its contents help to keep our families safe. There is nothing more important than knowing that we are able to keep our family safe and comfortable and our homes are much more than a house. Of course, protecting the structure is important and a necessary part of keeping our family safe. If you are in the greater Coppell, TX area and want to learn more about your comprehensive homeowner policy options, give the folks at The Select Insurance Agency a call today. 

Benefits of a Comprehensive Homeowner’s Policy

Insurance is a tool that needs to be reviewed and updated on a regular basis to ensure that you have the protection you need. There are many options available that go beyond the features of a primary policy that provides simple coverage. In fact, there are many worthwhile benefits that are worth exploring. One of the main benefits of a comprehensive policy is the coverage for alternative living arrangements. If your home is deemed uninhabitable due to a covered event, you may be compensated for some of the cost for other living arrangements while your home is repaired or replaced. This benefit is just one example of how a comprehensive policy can make a catastrophe more manageable and allow you to reduce the stress level that your family experiences during recovery. Take the time now to fully understand all of the coverage options that are available.

Ready to up your homeowner’s coverage to a more comprehensive policy? The team at The Select Insurance Agency is here to provide guidance to the greater Coppell, TX community and help you find the policy that is right for your family. Call or stop by today!

Is Auto Insurance Required in Texas?

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Did you know that the state of Texas has a Bill of Rights for consumers who get auto insurance? Ask your agent at The Select Insurance Agency, serving Coppell, TX and the surrounding area, to give you a copy if you are considering getting auto insurance. You will automatically get a copy when you buy or renew an auto insurance policy.

Texas Law Requires Auto Liability Insurance

Along with your rights, you have responsibilities. If you are going to operate a car in Texas, you must have liability insurance. If you borrow money to buy a car, the lender will likely require you to also have collision and comprehensive insurance coverage. There are five other types of coverage that are optional; however, you will probably want to insure your car for more than the barest minimums required.

Here is the breakdown of the eight auto insurance types:

  1. Liability: This type has minimum legal requirements called 30-60-25 insurance coverage. If you cause an accident, your insurance must be a minimum of $30,000 for one person that is injured and a limit of $60,000 if more than one person is injured in the same accident. The minimum insurance required for any property damage is $25,000.
  2. Collision: This coverage pays to repair or replace a vehicle that is damaged in an accident.
  3. Comprehensive: This coverage is for other things that happen to the vehicle besides an accident, like theft or vandalism.
  4. Medical Payments: This pays the medical bill for you and your passengers.
  5. Protection for Personal Injury: Pays medical bills, lost wages, and other non-medical costs caused by an accident. This is not legally required; however, it is automatically included in your auto insurance in Texas unless you tell the insurance company, in writing, that you do not want it.
  6. Under- or Uninsured Driver: This pays the claim if the responsible party who caused the accident cannot pay or does not have insurance.
  7. Towing: This pays to have the vehicle towed away after an accident.
  8. Rental Car Expense: This pays for a rental car to use while your car is being repaired.

Contact your agent at The Select Insurance Agency in Coppell, TX by calling 972-315-7299 or using the convenient online form to get a quote for auto insurance.

Won’t my toys be covered by my homeowners insurance if they’re stored there most of the time?

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Coppell, TX is a great place to live if you have toys that you enjoy, like dune buggies, watercraft, golf carts and all-terrain vehicles. At The Select Insurance Agency, we have customers who enjoy all kinds of toys, some which they can only enjoy during the summer months when they have the right weather and the time to enjoy it.

If you’re like a lot of adults, you waited until you could afford the toys you enjoy, and you want to protect them now. But do you need to have a special policy to cover them when you don’t use them year-round? Will your homeowners policy cover them if you keep them stored in your garage most of the time?

What a Homeowners Policy Covers

Your homeowners policy is focused mostly on your home, meaning the structure and property itself. There is also coverage for your belongings inside the home, but there are limitations. For instance, your policy will cover your clothing and appliances, but will likely exclude expensive jewelry and artwork.

The same principle applies to your toys. Unfortunately, if you don’t have a special policy or at least an addition to your homeowners policy that specifically adds on your toys, they will probably not be covered if anything happens to them, or at least not for their full value. Even though they are in storage for most of the winter, they could still be damaged or stolen. 

If you live and play in Coppell, TX and you want to make sure you have the protection you need for your toys, call The Select Insurance Agency today and we can help you find the policy that best suits your needs.

What Voids an RV Insurance Policy?

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RV insurance is something that all RV owners should have in their arsenal to help protect their RV and their investment in their RV. RV insurance covers a wide range of things and there are very few instances in which your RV insurance policy is not going to cover your RV if your claim is legitimate. That being said, there are some factors that do void an RV policy. If you live in the Coppell, TX area, the agents with The Select Insurance Agency can help you find the perfect RV policy.

There are a few different instances in which your RV policy will not pay out and one is if something happens to your RV that you could have prevented. This might mean that you parked your RV next to a ravine where you had already been warned that it might fall off and you left the parking brake off. This would be construed as intentional destruction. Arson is another instance in which you would not be able to get your RV covered. Your RV policy might also be voided if you intentionally do damage to your RV in the hopes of getting a policy paid out.

If you own an RV and have an RV policy on it, you need to make sure that if something happens you are able to make a claim that is going to be paid out and that is going to be valid. You should take the time to document what happened so that it can be sent to your insurance company so that they can determine if they are going to pay out the policy or not. If you live in the Coppell, TX area, the agents with The Select Insurance Agency can help you find the perfect RV policy.

Umbrella or “excess liability coverage”, do I need it?

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Homeowners, boat, and auto insurance policies all have a limit on liability. In case of an accident where you are at fault, the chances are that you may not have adequate coverage to cover all the costs on the damage and loss. This is where you realize that umbrella/excess liability coverage is not for the wealthy, but an umbrella to cover you all through.

How umbrella insurance works

Umbrella insurance provides additional coverage when a claim is beyond the underlying policy’s insurance limit. For instance, if you collided with another vehicle and caused damage worth 1 million, and your auto insurance provides $500,000 in coverage, your umbrella insurance will cover for the remaining amount.

That is why The Select Insurance Agency recommends that every insurance holder in Coppell, TX have umbrella insurance for maximum coverage. However, you should keep in mind that you have to buy the standard insurance policies for you to be allowed to purchase umbrella insurance. This is because, umbrella acts as extra coverage and can only ‘kick in’ if the standard auto, home, or watercraft insurance is depleted.

Do I really need it?

Most people in Coppell, TX assume that umbrella insurance is for the wealthy or people with substantial assets that need extra coverage, but over the years that has only proved to be a myth. Umbrella insurance is there to add that assurance that you will not go back into your pockets in case of a disaster at home or on the road.

Umbrella insurance provides that extra cover for car accidents which may occur when an employee is using the company vehicle. Trucks can be catastrophic and such accidents may command a high amount of coverage which auto insurance may not offer. Interested in getting additional coverage for you, family and employees contact The Select Insurance Agency today.

At What Age Should I Get Life Insurance?

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Life insurance is a way to help loved ones begin to recover from the loss of a family member. This includes meeting financial obligations and making sure the family has the least amount of difficulty possible following a loss. When you purchase a life insurance policy, much will depend on your family, job, age, and more, in determining whether life insurance is a good idea for you. Our agents at The Select Insurance Agency, serving the Coppell, TX communities, will be able to inform you of when, how, and why you should consider a life insurance policy.

When you visit us we’ll ask you questions to get to know you better. We’ll discuss insurance options and what’s available right now. We’ll have policies available from multiple national agencies. They’re reputable companies that have served the nation for years. The advantage we offer is that you won’t have to contact each of them individually and spend a lot of time exploring multiple insurance choices. We’ll have them all right here for you to see. You can ask your questions and get the answers concerning each company immediately. After learning your options, you can make your choice and purchase the insurance you want through our agency.

Purchasing a life insurance policy in Coppell, TX will help you have the confidence that you’ve done all you can to protect your family. It’s a difficult subject to think about, certainly. We can assure you that once you’ve gone through this process then your uneasiness will be greatly reduced. This is because you’ve made the choice to make careful plans for the future. It’s easy to find the policy that will serve you. Come into The Select Insurance Agency and find insurance that will work for you.

 

 

3 Tips to Shop for Property Insurance

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Property insurance can be a bit of an enigma. It covers so many things, from homes to company vehicles, and figuring out how to manage all of your insurance is rarely easy. In Coppell, TX, the range of properties is so extreme that it adds another dimension to shopping. Never fear. Three easy tips can help you avoid a lot of shopping mistakes and get a better deal on all of your property insurance.

Deductibles Matter

The first thing we all check with policy is the monthly premium. That is definitely important, but tweaking your deductibles can change that premium by a lot. Even assuming you have a claim every year, there’s a sweet spot where the higher deductible is worth it because of how much it lowers the premium. This should be a major point of discussion between you and your agent from The Select Insurance Agency.

Update Yearly

At least once a year, you should review your total assets and coverage. If you buy valuable stuff, you might need more coverage. If you let go of some valuables, then your coverage can be reduced. On top of that, property values in Coppell, TX, are known to change over time. You want that reflected in your policy. Annual checkups can save a lot of money in the long term and help you when you shop around for better policies.

Look at Alternative Liability

For property insurance, liability coverage often exceeds replacement or rebuilding coverage. Simply put, the physical value of your property isn’t worth more than people who could potentially be hurt. All property insurance should have some liability coverage, but if that’s what’s raising your premiums, look into umbrella or other liability plans that might be able to get you what you need for less money.

This bonus tip is actually the most important. Let your insurance agent work hard for you. They know the ins and outs of the business, and the folks at The Select Insurance Agency can use that knowledge to help you get the right policy.

 

Commercial Insurance Coverage for Your Inventory and Equipment

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A commercial insurance policy that is sufficient to cover inventory and equipment is essential for every company. Are you unsure if your commercial insurance policy has the appropriate level of coverage for you? The team at The Select Insurance Agency is here to serve the business and commercial insurance needs of the Coppell, TX community. If your property insurance policy is not sufficient to cover the loss of your inventory and equipment you may face potential failure in the event of a catastrophe such as a burglary or fire. 

A Comprehensive Commercial Property Insurance Policy Provides the Protection You Need

When you have an up-to-date and appropriate commercial property policy, you will be covered in the event of loss of damage to your structure, your inventory, your equipment, and any documents that are related to the day-to-day running of your business. This includes equipment that is mechanical in nature as well as the electronic and technical devices that you use to conduct your business.

Plan for Inventory Fluctuations and Depreciation

Because your inventory fluctuates throughout the month, it is important to manage your commercial insurance appropriately. Make sure that your coverage extends to the highest level of inventory that you may have on hand at any given time and accounts for replacement rather than depreciated value. A professional insurance agent is able to review your current and near-future needs and recommend the most appropriate policy and level of coverage to suit your business’ unique needs.

Does your business have the commercial insurance coverage it needs? Make sure that you have the comprehensive commercial insurance you need, including coverage for your inventory and equipment, with a review from The Select Insurance Agency. If you are in the greater Coppell, TX area, call or stop by today!

Why You Should Never Let Your Home Insurance Expire

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Home insurance is vital to anyone who has a home. After all, life can change drastically when something goes wrong in this one aspect that many of us are lucky enough to take for granted. Many people are diligent about keeping their home protected under an insurance policy, but it is also one of the first payments to cut if things get tight. There are many reasons to make sure that your home owner’s insurance does not lapse and you stay protected. At The Select Insurance Agency we want your home in or around Coppell, TX to be fully protected at the best rates possible. 

Reasons to Never Let Your Homeowner’s Insurance Lapse

First, if your insurance expires or you don’t make your premiums, you will find yourself unprotected. Since you cannot predict when something may go wrong this leave your home at unnecessary risk. Don’t be in a situation where you wish you had the same insurance the month the catastrophe happened as you did the previous month. 

Second, allowing your insurance to lapse put you at risk for higher premiums and even leaves you at risk for some agencies not to cover you as you are a risk to them. 

Third, if you do not keep insurance coverage your mortgage company may purchase it for you at a higher rate and you will have to pay them as part of your home payment. This rarely works out in your favor financially.

Contact us at The Select Insurance Agency if you would like more information about home insurance. We serve Coppell, TX and the surrounding areas with quality insurance services. 

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