Do Texas businesses always need commercial insurance?

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Owning a small business is a dream that a lot of people in the Coppell, TX area have. Those that are interested in being small business owners will need to work hard and be diligent to protect their business. If you are going to start a business, one way that you can protect it is with a commercial insurance plan. This type of coverage is needed in many situations.

When Raising Capital

One of the situations when having commercial insurance will be a necessity is when you want to raise capital. A growing business in this area of Texas will need to have the capital to fuel growth, hire team members, and purchase equipment. To do this, you may need to take out a business loan or raise money from an investor. If you do raise any type of capital, the other stakeholder will likely require that you carry insurance at all times as it will help to protect your business and their investment. 

When Trying to Protect Company

You should also get a commercial insurance plan when you are looking to protect your business. A commercial insurance plan offers great protection that can include liability insurance and coverage for your commercial assets. This can prove to be quite valuable and help to keep your organization solvent during some otherwise challenging situations for your organizations. 

Businesses that are in the Coppell, TX area need to make sure that they receive proper insurance coverage. If you would like to cover and protect your company, calling The Select Insurance Agency can be quite helpful. If you do work with The Select Insurance Agency to choose an insurance plan, you will get the support you need to understand your insurance options and pick a plan that is based on your needs. 

What is the benefit of having a home insurance plan in Texas?

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Those that live in the Coppell, TX area should consider buying a home. If you will be a property owner here, you can benefit a lot in the long run. Along with investing in a home, you also need to get a quality home insurance plan. There are a lot of benefits that are received when investing in a quality home insurance plan.

Coverage Protects Valuable Asset

A key advantage of having a home insurance plan for your Texas property is so you can receive coverage for your asset. If you buy a home, you will be making a very significant investment that needs to be protected. The right home insurance plan can offer the coverage needed to make major repairs or even replace your home entirely if there is an accident or bad weather that causes damage. 

Liability Protection

A property owner in Texas will always have some liability risk. Property owners can be held responsible for accidents that occur at the home, and damages associated with certain accidents can be significant. Fortunately, this type of risk can be mitigated with a proper insurance plan. When you have a full home insurance policy, it will include necessary liability protection that will offset this risk and provide you with additional peace of mind. 

A property owner in the Coppell, TX area would clearly benefit by having a home insurance plan. As you are looking for home insurance, it can become challenging to fully understand all the various options you have. The team with The Select Insurance Agency can make it much easier for you. The Select Insurance Agency will offer any guidance needed to build and choose your next home insurance plan. 

4 Add-ons To Consider For Your Coppell, TX Auto Insurance

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Most car owners view auto insurance as a recurring annual expense. However, when involved in a vehicular incident, it’s when they realize how powerful auto insurance and the respective add-ons can be. At The Select Insurance Agency, we offer auto insurance with various add-ons to ensure that Coppell, TX drivers are well-covered. Below are add-ons you can consider to boost your car insurance cover. 

Roadside assistance

Ever been stranded away from home? It can be frustrating. But with roadside assistance coverage, you don’t have to feel helpless. This coverage provides services like towing, gas delivery, battery jumpstarting, puncture repair, and other minor roadside repairs whenever your vehicle is disabled away from home. 

Zero depreciation cover

This add-on ensures that car owners receive the entire claim of the repair or replacement cost without factoring in the depreciation. Without this add-on, you may have to cover the difference between the actual cost of repair and the insured value. 

Engine cover

Your engine is perhaps the most expensive part of your vehicle. That said, it would help if you secure your engine with insurance, especially for policyholders residing in areas likely to experience heavy downpour. 

Remember, your standard auto insurance doesn’t cover engine damage. As such, the engine cover add-on becomes critical when your engine is damaged.

Medical payments coverage

In case of an accident, you or your passengers will likely suffer injuries that could be costly to treat. However, with a medical payments add-on, the medical costs of accident-related injuries are covered.

Auto insurance in Coppell, TX

Do you need auto insurance? You can’t go wrong with The Select Insurance Agency. Here, we will help you choose the right auto insurance with add-ons that suit your budget and driving style. Contact or visit our offices in Coppell, TX, today.

Why should people get long term care insurance?

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Those that are in the Coppell, TX area are going to have many different types of insurance needs. One type of insurance that all people should consider getting is long term care insurance, which offers financial resources to those that have long term care needs. There are several reasons why you should obtain this type of coverage. 

Financial Resources to Pay for Care

It is impossible to predict how your health will be in the future. While some people can live on their own well into their 90s, others need more care and assistance. If you need care and assistance for a long time, the cost can be extremely expensive. When you obtain a long term care insurance plan, it will provide the financial resources needed to cover some or all of your future long term care needs. 

Access to Care When Needed

Today, many people with limited financial resources are able to obtain long term care through Medicaid and other sponsored programs. Unfortunately, it can take a while to be approved for this care. When you have long term care insurance, you will have more freedom of choice and will have access to the financial resources you need much sooner. This can ensure that you live where you want and have the care when it is needed.

Having a long term care insurance plan continues to be a good idea for anyone in the Coppell, TX area. When you are going to choose a new plan here, it would be a good idea for you to call The Select Insurance Agency. The team with The Select Insurance Agency can help you understand the value of this coverage and select a plan that will provide you with the right coverage for your situation. 

How to determine which type of life insurance to buy

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One of the most critical financial plans you will ever make is buying a life insurance policy to replace your family’s income once you die. However, with all the choices available, finding the right type of insurance can be overwhelming and confusing. That’s why The Select Insurance Agency is here to help you determine which type of life insurance works for you based on your needs, budget, and lifestyle.

What is your budget?

Life insurance can be as affordable as a few dollars per month to several hundreds of dollars. Each insurance company in Coppell, TX, offers different rates for specific policies based on needs to help people pay for what they need. Remember, life insurance is cheapest when you buy at a young age and most expensive when you are older. In fact, some insurance companies do not sell policies to individuals above the age of 85 years.

Know the factors that affect your rates

Like any other policy, life insurance is calculated based on the info you provide. So, make sure you provide truthful information to avoid penalties. Some of the factors that can affect your rates include:

  • Age
  • Gender
  • Weight and height
  • Current health and medical history
  • History of substance abuse
  • Hobbies
  • Criminal history

Choose a period for your policy

When it comes to policy duration, you can either choose to pay for a number of years or your whole life. Consider your present financial situation and determine what you want your life insurance to cover. For instance, if you have a debt, mortgage, or children joining the college in a couple of years, you may want to buy term life insurance to cover the years required.

How much insurance do you need?

The simple answer to this question is–know why you need life insurance in the first place. Your reasons will help you break down the amount you need to set aside, the number of years, and which policy will fit your needs.

Looking to buy life insurance in Coppell, TX? let The Select Insurance Agency help you find a policy that matches your needs. Contact us for a terrific deal!

Exploring The Benefits Of Dental Insurance

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The Select Insurance Agency offers coverage to the Coppell, TX community. For more than a decade, we have helped our clients find policies designed to meet their individual needs. As an independent insurance agency, we have positive relationships with multiple carriers throughout Texas.

Exploring The Benefits Of Dental Insurance

Having good health is important to enjoy a less stressful lifestyle. One of the ways that you can stay healthy is by taking care of your teeth. If you have a nice, bright smile, that could increase your self-esteem and give you positive feelings as you prepare for the day ahead. That’s why dental insurance is an asset. Dental insurance helps you maintain the health of your teeth and gums. The policy also covers your preventative care, such as regular cleanings. You are also covered if you need to undergo a procedure such as fillings or a root canal. You are also covered if you need to go to the emergency due to severe tooth pain.

Network

Based on the type of policy that you choose, you will have access to different dentists across Coppell, TX. If you are unfamiliar with the options for care under your policy, you can amend your policy to visit your dentist outside of the specified network.

Individual Policy

While you may have dental insurance through your employer, it is more beneficial to have your own individual policy. If you have your own policy, you will have access to a wide variety of choices compared to simply relying on the choices outlined by your employer.

The Select Insurance Agency Will You Find The Coverage You Need

Visit our website today to learn more information about dental insurance.

5 Things to Consider When Getting Health Insurance

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Health insurance might be the most important insurance you get. You, therefore, need to make a good decision, and to help you with this, check out these 5 things to consider when getting health insurance.

Medication Coverage

Find out whether the medications you take (if any) are covered. You also need to find out whether you will have to buy generic alternatives while on the cover and what the copay will be so you don’t spend a lot.

The Covered Providers and Networks

It’s important to know whether your hospital is covered by the insurance you get. If you pick The Select Insurance Agency while in Coppell, TX for your cover, you will get clear information on the hospitals covered. Not checking beforehand can force you to pay out of pocket to be able to see your regular physician or compromise and go to a different one that’s in your insurer’s network. 

Premiums Payable

While premiums are important to consider, don’t base your decision on premiums alone. Insurance that you pay for cheaply may have a smaller network of hospitals covered and higher deductibles which will cost you more in the long run so always consider different factors.

Extra Benefits

Some insurers will throw in extra perks for their members such as free gym ownerships, legal consultations, and free counseling. While these are great deals, the extras should not deceive you to pay more than you need to for a cover. 

The Deductibles

This is the amount that you have to pay before the insurance can be used. You need to be careful when deciding because higher deductibles may mean lower premiums while lower deductibles may mean higher premiums. 
 
Hopefully, this list will be helpful for you with your insurance matters so don’t hesitate to head to The Select Insurance Agency especially if you’re in Coppell, TX, for more information and some great coverage options.

What are the benefits of getting workers comp insurance in Texas?

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People that are in the Coppell, TX area and own a business should make sure that their company is properly protected. One type of insurance that can help to protect a company is workers comp insurance. There are a range of benefits that come when you have this type of insurance coverage in place. 

Ensures Employees are Protected

Worker’s compensation insurance is an important form of coverage that aims to ensure that employees are properly protected if they are hurt or injured while at work. If they do incur an injury, they will know that they will receive the care that they need as well as the protection of their wages while they recover. This is a valuable benefit that could also help you find and retain staff.

Insurance Reduced Liability Risk for Employer

When you have a workers compensation insurance plan in place it could help you to avoid liability claims. If you have a team member that gets hurt at work, they will file a claim with the worker’s compensation insurance provider to receive support. If you do not have this insurance in place, the employee will be more likely to sue you and your business for the same support. Due to this, you will have a lower liability risk with this insurance in place. 

Those that are looking for a workers comp insurance plan in the Coppell, TX area should call The Select Insurance Agency. There are a lot of important benefits that come with this insurance. At the same time, there are many decisions that need to be made when you are choosing a new policy. The team with The Select Insurance Agency can help you understand the different options and build you a policy that will provide the ideal protection for your situation. 

Protecting your small business with commercial insurance

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Small businesses are singularly vulnerable to risks that might not damage a larger business. It can make it hard to sleep at night imagining all the things that can go wrong. It is crucial to identify the risks facing your business and try to mitigate them as much as possible with commercial insurance. The Select Insurance Agency in Coppell, TX has been serving residents of the metro Dallas Fort Worth area for 15 years. We work with over 30 companies to find the perfect policy for all of our customers. 

A business owner’s policy provides protection most businesses can benefit from. By buying them together in one policy instead of two separate policies, you are able to benefit from better pricing. A business owner policy combines commercial property insurance with commercial liability insurance. The commercial property insurance covers all of your property, not just the building. You can’t do business without your machinery, office equipment, inventory, and raw materials. The liability insurance protects you from the effects of being sued. Litigation can cost you your business if you are not insured and end up with a judgment against you and legal fees.

Business interruption insurance can help guarantee if your business is hit with a covered peril you will come out on the other end and be able to reopen for business. Just because your business is in shambles, it doesn’t mean your bills or obligations go away. With business interruption insurance you will be able to pay your bills, meet payroll, and even take a salary. Not all perils are covered however so be sure to read the policy for detail. 

At The Select Insurance Agency in Coppell, TX, our team will work with you to curate the perfect commercial policy to protect your small business. Visit our office or give us a call for a no-obligation quote. 

Three things to know about toy insurance

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If you own expensive luxury items like ATVs, boats, and luxury collections, you should know what toy insurance is. Toy insurance is a type of coverage we offer in Coppel, TX at The Select Insurance Agency.

The following are three things to know about toy insurance.

Toy insurance involves insuring a wide variety of high-value items such as recreational vehicles and collector items.

The first thing you need to know is what types of possessions toy insurance provides coverage for. Toy insurance can refer to a wide variety of coverage types.

Generally, this type of coverage involves insuring recreational vehicles or collector items. Toy insurance is generally coverage for a variety of types of items that are owned as a luxury or for recreational purposes.  

Toy insurance can cover costs resulting from liability damages, burglary, flooding, fire, natural disasters, and more.

Insuring high-value items is obviously important. Purchasing toy insurance can mean you’ll have coverage on valuable items for a wide variety of incidents.

If you’ve invested in high-value items, it’s important to protect your high-value possessions from all the possible causes of damages out there like burglary, flooding, fire, and natural disasters. Liability damage protection is also important for certain luxury items. 

You need coverage to use an ATV, four-wheeler, or similar vehicle.

If you own a recreational vehicle, getting insurance for it is essential. The use of an ATV, four-wheeler, or similar vehicle can lead to injury and property damage. Purchasing toy insurance coverage can protect you against these potential costs. 

Are you currently looking for a toy insurance policy? We can help you find the right policy for your needs in Coppell, TX. Get in touch with us at The Select Insurance Agency if you have any questions about toy insurance. 

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