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.

The agents of The Select Insurance Agency serve the residents of Coppell, TX and the surrounding communities. They are able to answer many questions about insuring recreational vehicles, ATVs and other items that are commonly referred to as "toys". While these vehicles seldom hit the highway, they should still be insured. This is especially true if they are placed in storage for any length of time. 

Protect Your Investment

If you are leaving on vacation or you know you won’t be using your toys for several months, it’s a good idea to make sure they are properly prepared for storage. Give it a good wash and dry it thoroughly. Add a stabilizer to the gas tank and fill it up. Drain any water that may be in the system (jet-skis). Make sure it is properly lubed and greased to prevent the rubberized seals from drying out and cracking. You should also cover your vehicle to protect it from dust and other particles that may fall on it.

Maintaining Your Insurance Coverage

Always maintain insurance on your recreational vehicles while they are in storage. This will protect you from financial loss if they are stolen or damaged in any way. It will also protect you from any type of liability if your vehicle is stored in a public warehouse and someone is injured while moving it or caring for it.

If you live in the Coppell, TX area, call the agents of The Select Insurance Agency and talk to their licensed agents about insurance for all of your toys and recreational vehicles. They will be able to answer any questions you may have on how to properly store your vehicles and what options are available to keep them properly insured during that time.

RV’s are a great way to travel, and often people don’t put a lot of thought into insuring these valuable vehicles.  The Select Insurance Agency in Coppell, TX, we can help you sort out the types of coverage and get a policy that will give you the protection you need. 

First, it is important to understand the types of RV’s, and there are two basic types.  There are motor homes and travel trailers. A motorhome is an RV with a motor attached, basically a truck with the camper built in. For this type of vehicle, you need what amounts to another car policy since it is a vehicle in its own right.  For it to be classified as a motorhome it must also have heat, water supply, and some other conveniences. A  travel trailer is a camper that you tow with another vehicle. Insurance on a trailer can be added to your other automotive policies, or you can get one by itself. The travel trailer insurance is much cheaper.

The types of coverage are essentially the same as those of your automobile. Colorado requires some liability coverage. Things like collision coverage and other types are optional but could be very valuable especially if you have a highly valuable motorhome. Comprehensive coverage, just like with your car, covers everything else. This could cover a tree falling on your travel trailer while parked in your driveway during a storm, for instance. There is also vacation liability coverage available, which is a little different than normal liability coverage which covers you while on the road. Vacation liability is not required, but it covers you while your camper is parked at a campsite.

Stop by or call us at the Select Insurance Agency in Coppell, TX to learn more about how to get the right coverage for your RV. New customers are welcome, and we encourage existing customers to visit to make sure they have an up to date policy that meets their needs.

Here at The Select Insurance Agency, serving the greater Coppell, TX area, we are often asked when umbrella insurance is right for a business. We strongly recommend that every business, including small businesses and large businesses, purchase umbrella insurance. Here is what you need to know about umbrella insurance. 

What is Umbrella Insurance?

Umbrella insurance helps to provide additional coverages beyond what regular liability and commercial insurance providers. This helps to protect the financial future of both the business and the business owner. It is a type of insurance that is an add-on to your liability and commercial insurance. 

Why Do You Need Umbrella Insurance?

Umbrella insurance extends the coverages you already have in case of a major event. For example, if a client slips and falls in your building, they may sustain major injuries. They can sue you for their medical expenses and pain and suffering. Your commercial insurance policy will kick in and cover up to your coverage limits. But if your coverage limits do not cover the full legal costs, you can be on the hook for the difference, which can financially destroy you and your business. Umbrella insurance is designed to kick in in these situations and provide you with the extra insurance you need for major, unexpected events, such as this. This can help you to keep your business afloat and your financial future stable. 

Are you ready to get started on buying an umbrella insurance policy? Then let The Select Insurance Agency, serving the greater Coppell, TX area help you. Give us a call today for a free quote or to get started on your policy today. 

Life comes at you fast and being prepared can mean a world of difference for your loved ones when you’re gone. Investing in a life insurance policy gives your family a financial safety net they can depend on during those trying times. For those new to buying life insurance, choosing the right type in Coppell, TX can be frustrating. Fortunately, the agents at The Select Insurance Agency will work with you to find the right policy that meets your needs.

Life insurance is divided into term life and whole life insurance. Both have their unique set of benefits that make them ideal for your specific insurance needs.

Term Life Insurance

Just as the name implies, term life insurance offers a policy plan that remains in effect for a specific term. These terms can range anywhere from a year to 30 years or more. Once your term ends, so does your coverage unless you opt to extend your coverage or convert your term life insurance into a whole life policy.

Unlike whole life insurance, a term life insurance policy has no cash value until you pass away. This aspect of term life insurance makes it more affordable to purchase, although your premiums may increase as you age.

Whole Life Insurance

Also known as “permanent life insurance,” whole life insurance offers coverage that lasts throughout your entire life. In addition, your whole life policy also builds cash value that you can use for other things. If you need extra money for retirement or a quick loan for a purchase, you can borrow against that cash value once it accumulates.

These benefits often make whole life insurance policies more expensive to purchase than their term life counterparts. Most providers also require that you undergo a medical exam before receiving coverage.

If you need life insurance in the Coppell, TX area, you can count on The Select Insurance Agency to be there for you.