What is Included in Auto Insurance?

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For those that drive a car in the Coppell, TX area, having auto insurance is a requirement and a necessity.  When you receive a full auto insurance policy that provides you with all of the available types of protection, you will receive several different types of coverage. 

Liability Coverage

When you purchase an auto insurance policy one type of coverage you will receive is liability insurance.  In the state of Texas, you are required to have bodily injury liability coverage of $30,000 per person and up to $60,000 per accident.  You are also required to carry minimum property damage coverage of up to $25,000 per accident.  This type of coverage will only provide coverage to the other party and will not cover any financial losses you incur.

Collision Coverage

If you want to have your vehicle covered if you are in an accident, you will need to have collision coverage.  If you are found to be at fault in an accident, your collision coverage will also cover the repairs of your vehicle.  It will also provide you with coverage in the event you are not at fault in an accident but the other party does not have insurance and doesn’t pay for your repairs. 

Comprehensive Coverage

Your auto coverage will also provide you with comprehensive coverage.  This type of insurance coverage will provide you with financial reimbursement in the event your vehicle is stolen, vandalized, damaged by storm and weather, or in an accident with an animal. 

For those that are in the Coppell, TX area and would like to better understand their auto insurance needs, meeting with The Select Insurance Agency would be helpful.  The Select Insurance Agency will help you to better understand your minimum requirements as well as what type of insurance pr

When Can You Claim Your Toy Insurance?

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The difference between boys and men is the price of their toys. Toy insurance is essential for owners of RVs, motorcycles, boats, and ATV’s in Coppell, TX. It is good to note that these are highly valuable and technical vehicles and that they can cause severe damage to persons and property. Toy insurance from The Select Insurance Agency is a fantastic thing to have since Texas tends to have favorable weather for numerous outdoor activities. Most of these “toys” are usually used in an unconventional manner such as speeding which increases one’s risk to be involved in an accident. So, when should you file a toy insurance claim?

When You Have Had an Accident and Someone Else is Involved

 You’re better off claiming your toy insurance in Coppell, TX when your toy is involved in an accident with someone else. For instance, if you are at fault and you hit the other person, he has the right to make a liability claim against you, and he can even sue you. With the Select Insurance Agency Toy coverage, you are entitled to a legal defense and coverage of the judgment against you up to a certain limit. Inform your insurance company even when the damage appears minor, and you and the other driver agree that you can settle everything yourselves since this approach can backfire.

When You’ve Had an Accident, and No One Else Is Involved

Let us assume that you hit a guardrail and your car is damaged. In this case, you are the one who is at fault and no one else is involved in the accident You should file a toy insurance claim if the damage to your vehicle is significant and it may require significant repairs. Don’t assume that the damage is minor and you may cater for the repairs off your pocket.

Do you own a valuable “toy” and want to insure it? Contact us today for a comprehensive toy insurance coverage.

Getting insurance for your RV

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In Texas you have to have basic insurance on your RV, just like you do for your automobile. This is particularly the case if it is a motorized RV. It must also be insured even when not in use if it is parked on your property. You also must have insurance for trailers that are towed by another vehicle you own. There are various classes of RV trailers, and the smaller ones may not require insurance, but most do.

Getting RV insurance is just like getting insurance on your automobile. The The Select Insurance Agency in Coppell, TX can help you find the policy you need for your RV.  Your car insurance will cover your liability if you are in an accident while towing the trailer. Of course, some RV’s have their own engines and are rolling homes. The liability aspect is covered under your automotive policy in this case.

A collision policy is the least expensive. This only covers major damage to your RV. It is the cheapest form of RV insurance and does not have any extras available. This will meet minimum requirements.

Comprehensive will cost more, but you get a lot more coverage. This will cover anything you want to file a claim for if it is damaged. You may also get different levels of coverage at different prices. You may choose a policy with a deductible, or no deductible. You can add things like roadside assistance.

When getting RV coverage, a lot depends on the RV and whether it is a motorized unit or a trailer. 

Visit The Select Insurance Agency in Coppell, TX and let them help you determine the type of coverage you need for your RV. Getting the right coverage can make a tremendous difference when you need it most.

 

Who Needs Boat Insurance?

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Owning a boat can be a very fun and exciting experience. While it is largely a recreational vehicle, they are also expensive assets that should be properly covered.  For those that are in the Coppell, TX area, there are several types of people that need to have boat insurance.  

Those with a Loan on the Boat

If you have a loan that was used to buy or refinance your boat, you will likely be required to have some form of boat insurance on it.  Your loan agreement will likely require that your policy be for enough money to cover the replacement costs of the boat and the lender may require that it be added as an additional insured party to the policy.  

Those that Need Liability Coverage 

While liability insurance is not always required to drive a boat, you should still have a policy for the boat if you plan on using it recreationally. A boat insurance policy will provide you with liability coverage that will cover personal property, another party’s boat, and a certain level of medical coverage in the event you are found at fault in a boating accident.  

Commercial Boat Owners

If you own a boat that is used for a commercial purpose, having boat insurance would be very beneficial. These commercial boat insurance can even provide you with business interruption insurance in the event that your boat is damaged.   

For those that have a boat and are in the Coppell, TX area, one great option would be to work with The Select Insurance Agency. The Select Insurance Agency is a leading boat insurance provider and can carefully help you to determine your boat insurance needs. They can also provide you with a policy quote that will provide you with the right amount of insurance coverage.  

Can You Add Umbrella Insurance to a Boat Policy?

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Umbrella insurance is a necessary thing for many people that do not feel they have enough coverage from the traditional policies that they are working with. In some cases, this type of extra coverage is not needed, in others, it is absolutely necessary in order to fully protect your assets. So, what can you add umbrella insurance coverage to? The answer may be surprising. For those that live in the Coppell, TX area, the agents with The Select Insurance Agency can help you find the right policy.

Put quite simply, an umbrella insurance policy can be purchased and placed on just about anything you can imagine. You can add this sort of coverage to your home, your car, or even your boat. This type of coverage is going to help give you extra protection should you need to add more coverage without having to change the existing policy that you hold. This is going to allow you to customize and tailor your coverage so that you get the best possible policy without having to take out more insurance with your existing insurance company that might have a higher premium.

Umbrella policies are often cheaper than typical policies and can help to make for a much easier way of protecting your belongings even if the perfect policy is not out there for you. An umbrella policy is going to allow you to take out more coverage on your boat for instance without having to raise your premiums on your current policy so that you can get more coverage without spending a ton more money each month. For those that live in the Coppell, TX area, the agents with The Select Insurance Agency can help you get the perfect umbrella policy every time.  

What Protection Does Property Insurance Provide?

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Buying a new property is a very major commitment and investment. due to the significance of buying a property, it is very important that you make sure you have a strong property insurance policy. For those that are in the Coppell, TX area, property insurance will provide a few different types of coverage.  

Insurance Against Property Damage Risks

The main type of coverage that property insurance will provide you is coverage against different types of property damage risks. Property damage will come into play if you are home is damaged by a fire, storm, vandalism, or other type of calamity. The insurance will provide you with coverage to repair or replace the damaged home up to a certain amount of value. Depending on where you live, you may need to purchase additional types of insurance to cover damage from floods, earthquakes, or named tropical storms.

Personal Property

A property insurance policy will also provide you with protection for your personal belongings. When you have personal property that is lost due to a fire or other form of damage, the insurance policy will provide you with a certain level of coverage. If you have additional valuables, such as jewelry or rare collectibles, you may need to have those items separately insured through a rider to your property insurance policy in order to receive coverage.

One company that has a proven track record in providing consumers with great property insurance options is The Select Insurance Agency. The Select Insurance Agency, which serves the Coppell, TX area is a leading consumer insurance agency that could help you to choose the right insurance policy. The company will also be able to provide you with a free quote for a policy that provides you with the right amount of coverage. 

3 Reasons to Rethink Term Life Insurance

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When it comes to life insurance, many people in Coppell, TX may not realize that they have choices when it comes to their policy. Options aren’t just limited based on what a person owns either, it can come down to the actual type of policy you choose. If you don’t know much about term insurance, it may be a good time to get more perspective on the topic. 

Term Insurance Can Be Used for Your Loved Ones 

The word term simply refers to the fact that your life insurance has a deadline. You may wish to have it up until your youngest child turns 18 so that their necessities are covered regardless of what happens to you. After which, you can either choose to alter your policy based on any other obligations you may have. 

Term Insurance Can Be Used for New Grads

The Select Insurance Agency knows just how difficult it can be for students in Coppell, TX to survive when they’re in school. What most students aren’t aware of though is that term life insurance can be an excellent way to safeguard their future. New graduates may choose term insurance to cover their student debt until it’s paid off so that no one else is obligated to pay for the costs. 

Term Insurance Can Be for Everyone

Not only is term insurance a more affordable option for many people, but it’s designed to benefit a variety of people. If you’ve been thinking about whether or not life insurance is the right step for you, then you may be one of the many people who can benefit from this option. Call The Select Insurance Agency if you have additional questions or concerns about getting the right life insurance in place for you today!

Types Of Commercial Insurance That Are Beneficial For Restaurants.

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In terms of liability and accidents, restaurants can actually be a high-risk business. This is why various forms commercial of insurance are important to have so that you don’t end up in hot water.

General Liability Insurance

Legal liabilities are definitely one of the biggest financial risks that a restaurant can have. If employees or customers get injured or someone gets sick, you can be sure that there may be a lawsuit in your hands. Having a thorough policy can cover legal fees and potential damages.

Food Spoilage or Contamination

Your source of food is the most important aspect in any kitchen. If the food in your refrigerator or freezer ever gets spoiled for a variety of reasons, this should be covered under this plan. Spoilage due to plant or animal diseases or threats of bacteria can also be a part of this plan.

Workers Compensation

When one of your chefs, waiters, or line cooks get injured on the job, a workers compensation plan will pay for their leave and help them recover. Texas does not legally require you to have a workers compensation, but it is a good idea to treat your star employees well so they can recover to get back into the kitchen.

Automotive Liability

If you have vehicles that deliver food or pick up supplies, you will need to get liability insurance. Accidents and breakdowns will also be covered so you won’t have a financial mess if something goes wrong.

Commercial Fire Insurance

Having a kitchen will have to deal with flames, gas lines or electrical components. This is a fire waiting to happen so make sure that you have coverage in case of an accident.

You may find packaged commercial insurance plans to cover all of the aspects of your restaurants at an affordable price. If your establishment is within Coppell, TX, you may consult with The Select Insurance Agency to see what deals they have for you.

What Type of Vehicles May be Covered Under RV & Toy Insurance Policies?

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If you have motorized toys, you may be looking to obtain an RV or toy insurance policy. Learning what items may be covered under these policies can help you determine whether you can insure the items you are looking to insure. Here are a few of the types of vehicles that may be covered by RV & Toy insurance policies issued by The Select Insurance Agency, serving the greater Coppell, TX area. 

Motor Homes

One of the items that is covered under RV and toy insurance policies is motor homes or recreational vehicles. Some companies have separate RV insurance, while others loop RV and toy insurance together, so be sure you know what the insurance company you are buying from does to get the right policy for you. 

Toy Hauler

A toy hauler is a trailer you use to haul your toys, including mopeds, ATV, and watercraft. Toy insurance covers both open and enclosed toy haulers. 

All Terrain Vehicles

All terrain vehicles, or ATVs, are often covered under toy insurance policies. However, in order for the coverage to be valid, you typically have to be following all laws. If you are using the ATV in a prohibited area, your policy may not cover you. 

Watercraft

Lastly, many of the toys that you use on waterways, including smaller boats and jet skis, may be covered under toy insurance policies. Larger boats typically need a boat insurance policy, so be sure to check with an agent to learn what type of policy you will need. 

If you are looking to obtain a toy insurance policy in the greater Coppell, TX area, contact The Select Insurance Agency today. We can help put together the right policy to cover all of the toys you have, including motor homes, toy haulers, ATVs, and watercraft. 

Does Motorcycle Insurance Cover My Motorcycle Accessories?

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Eichelmann Insurance Agency, serving the greater Dallas, TX area, provides motorcycle insurance. As a motorcycle insurer, we are often asked about motorcycle accessories. Motorcyclists want to know if their accessories, including saddle bags, lifts and stands, covers and navigation devices, are covered by their motorcycle insurance if their bike is stolen or the accessories are damaged in an accident.

A standard motorcycle insurance policy will not cover any of the accessories that you have added to your bike or may have with you on your bike at the time of the accident. This includes accessories that have been installed and cannot be removed and removable accessories. However, this does not mean that these items cannot be covered.

Many companies that sell insurance coverage allow you to purchase a motorcycle accessory add on to your motorcycle insurance policy. This add-on covers loss or damage of these accessories either due to theft or accident. Typically, you must make a list of all of the accessories you have. If an item is not on the list, it will not be covered. Because of this, you have to continually update your add-on policy as your accessories change. There are a few add-on policies that simply cover your accessories up to a stated amount, but for the most part, the majority requires you to list each one to ensure it is covered under your policy.

If you are looking to purchase a new motorcycle policy, or simply need to add motorcycle accessory coverage to your existing one in the greater Dallas, TX area, visit Eichelmann Insurance Agency. Call us today for a free quote or set up an appointment to sit down with one of our agents to put a motorcycle insurance policy together for you.

 

 

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