Life insurance is an essential product that protects the financial future of your family. At The Select Insurance Agency, we offer a variety of options for life insurance policy purchases in Coppell, TX.

Unfortunately, a lot of consumers are misled by common misconceptions out there regarding life insurance. The following are three common misconceptions about life insurance to be aware of. 

A person who is healthy and young doesn’t need to buy life insurance.

You never know when accidents or unexpected medical issues can come up. You shouldn’t assume that you won’t experience one of these tragic events just because you’re young and healthy. Also, if you’re young and healthy coverage is probably going to cost very little and be easily affordable for you. 

Life insurance is very expensive.

If you start doing some research, you’ll probably be pleasantly surprised by how relatively inexpensive life insurance is. Those who are young and healthy can often buy term life insurance coverage for only around $10 a month. This is not a lot of money to have to pay considering how much your family could benefit from your coverage in the event of an unexpected death. 

If my employer provides life insurance, I don’t need additional coverage.

A lot of employers offer life insurance coverage for their employees. However, you really need to look at the details of any employer-sponsored life insurance coverage. This coverage might not be enough. Calculate the amount of life insurance your family needs to evaluate how adequate the policy you get from your employer is. 

You should research your options as much as possible before buying life insurance. You can consult us at The Select Insurance Agency for information on life insurance in Coppell, TX. Visit our website or give us a call to learn more. 

At first, it may seem like a silly question to ask if you should have insurance for vacant land; however, when you consider the details, this question is less simple than it first appears.

What is Property Insurance?

Property insurance is a general category and includes insurance for real estate, also called real property, and everything else called personal property. When land is held for investment purposes it is called investment property. There are many terrific reasons to have insurance on vacant land. Most have to do with value. Others have to do with the liability risk. 

Work with your agent at The Select Insurance Agency, serving Coppell, TX and all the surrounding areas, to understand how to use property insurance to have adequate protection for your investments.

Determining Value

An un-developed acre of desert land, with no services, no water, and nothing on it may be worth as little as $200. An un-developed acre of desert land with no services, no water, and nothing on it, if it is located on the world-famous Las Vegas Strip, may be worth more than $5 million. The land may be virtually identical in terms of quality. The enormous difference in value is simply due to the location.

An acre of land that is covered with old-growth trees that are a rare valuable wood, like mahogany, is worth much more than an acre of the same land that has already been clear cut. An acre of desert land covered with sand might at first seem almost worthless unless it is sitting on significant oil deposits and then it could be worth billions.

Determining Risk

Property owners sometimes learn the hard way that if someone gets hurt on their property, even if that person did something stupid and the injury was their fault, there still may be some liability for the property owner. America is lawsuit crazy, so make sure you have property insurance for your legal protection as well.

Summary

Yes, you want to have property insurance for vacant land for many reasons. Consult with your agent at The Select Insurance Agency in Coppell, TX to get a comprehensive insurance review, for property insurance of all kinds, and any of your other insurance needs.

Even though some may think of an all-terrain vehicle (ATV) as a “toy,” they may be quite valuable. A new one that is a major brand name unit can cost over $15,000. If, there is any custom work done, then, they can be worth even more than that. Just think about what you are going to do. You are going to take it out in the roughest areas and maybe drive it over a cliff. You best have good “toy” insurance if something goes wrong.

Getting an ATV Insurance Quote

The time to talk with your insurance agent is best before you buy an ATV to have insurance coverage from the minute you buy it. Call us to talk with your agent at The Select Insurance Agency serving Coppell, TX and the surrounding area.

Your agent will want to know the model and year, the price you paid for it, where you plan to use it, who will ride on it, and how to plan to transport it and store it. It is a wise idea to have your agent check your auto insurance to make sure that there is adequate coverage if you plan to use a trailer to tow it around.

Be Safe

When riding your ATV, always wear a helmet and safety gear. If not using it on your property, then, operate it only in areas where it is legal to use an ATV. Depending on the model, and whether it is registered with license plates, you may not be allowed to drive it legally on the streets. If you get in an accident while doing something illegal, usually your insurance will not cover the problem, so be careful.

Contact your agent at The Select Insurance Agency in Coppell, TX to get a quote for ATV insurance or for coverage of any other “toys” including your actual toys from childhood that are now valuable collector’s items.

Whether your family enjoys occasional camping outings or you are retired in Coppell, TX and want to travel full-time, as an RV beginner, there a few things to know before you head off on your first journey in an RV. Traveling by RV is a great way to see the country and to save money, but the first time you travel by RV it may seem slightly overwhelming. So, to help acquaint you with traveling by RV, The Select Insurance Agency has put together a few tips to consider before you head out.

Decide Whether to Rent or Buy

There are advantages and disadvantages to both renting and buying. Renting will allow you to pick up a clean and maintained RV just before you leave and renting will give you an opportunity to decide if you’re ready for the commitment of buying. If you plan to travel by RV regularly and you have a place to store the vehicle when you aren’t traveling, then buying may be the best option.

Get Familiar With the RV

One of the most important tips for RV beginners is you should take the time to get familiar with the RV. This means learning how an RV works, even if you are renting, you’ll need to know how to diagnosis and fix something if it breaks. Knowing your RV will help save you time and money and the better you know the RV, the less likely you will make operational mistakes.

Have Campsite Setup Checklist

One of the first things many RV beginners overlook is a campground routine. The routine will include everything from finding the ideal campsite to set up camp. Your campsite list should include:

• Carefully check the campsite for obstacles on the ground and low branches
• Park as close to the electrical, sewage and water hookups as possible
• Level the RV with stabilizing jacks
• Connect to the electrical hookups
• Attach to the drain hook-up (wear gloves)
• Set-up your campsite

It’s important for RV beginners to have a travel plan in mind before taking off. You should be aware of the roads you will be driving on and how the RV handles in certain weather conditions. Keep in mind that an RV is heavier than an automobile and it may take a few short drives to fully get the feel of handling an RV.

Residents of Coppell, TX interesting in learning more information about insuring your RV or to review your current policy, contact The Select Insurance Agency.

Who Needs Umbrella Insurance?

If you live in Coppell, TX, you get to enjoy all the area has to offer, and you may think, as many do, that you never want to live anywhere else. But sometimes bad things happen even in Coppell, TX, and you may be wondering if you and your family have enough protection in case of a small or large disaster.

At The Select Insurance Agency, we assist both businesses and individuals in finding umbrella insurance policies that can provide that peace of mind.

What Is an Umbrella Policy?

An umbrella policy is basically extra liability coverage that goes far beyond that of a traditional policy. Even though umbrella insurance is surprisingly inexpensive, it can offer a great deal of protection. Umbrella policies usually start out with a one million dollar limit.

That may seem like a lot, but you would be grateful to have it when you did need it. Your umbrella policy won’t kick in until your traditional policy has hit its limit, and your umbrella policy starts paying to immediately bridge that coverage.

How Umbrella Insurance Helps

So, for instance, say that you are in an automobile accident and it is determined that you were at fault. There were only two vehicles involved, but the other driver’s brand new car was totaled and the passenger spent a month recovering in the hospital.

Typical auto insurance policy limits won’t come close to covering that amount of property damage and injury. If you have an umbrella policy, though, it will kick in and start paying out when you max out.

Paying for even one small disaster out of pocket could cause a great deal of financial hardship, but you can save yourself the worry if you know you have umbrella insurance. If you have any questions about umbrella insurance or if you just want to discuss your current policies, please feel free to call  The Select Insurance Agency today.

When you’re young, you feel indestructible. Why would an immortal need life insurance? While life is still very much an open book in your younger years, there are some important reasons to start building your life insurance safety net as early as possible. Here are some of the reasons why young adults and guardians of minor children in the Coppell, TX area should consider working with the Select Insurance Agency for life insurance policies.

• Lock in low rates. Young adults are typically at their healthiest. This means insurance agents are likely to offer them far lower rates than their older and less well-maintained counterparts. Starting a life insurance policy in your younger days often means lower premiums throughout your contract’s lifespan.
• Whole life policies build cash value over time. By starting a whole life policy early in life, subscribers can slowly build a cash reserve that can be used to buy property, fund their education, start a business, or other finance a brighter future.
• When you live life to the fullest, you’re more likely to encounter dangerous circumstances. Term life policies are a great way to ensure financial viability for active youngsters who enjoy high-risk activities like snowboarding, frequent foreign travel, other physically risky yet fun behaviors.
• Dependents aren’t just children. For many young people, their parents are part of their financial concerns. Your life insurance policy could provide necessary funds to your older dependents in case you can’t work.
• As you age, a combination of genetics, life choices, and complete accident can affect your ability to get the right coverage. Secure your life insurance policies now to ensure you can get the coverage you need.

Find the right life insurance coverage for your Coppell, TX lifestyle at the Select Insurance Agency.