Reading The Fine Print With Umbrella Insurance Policies

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Umbrella insurance policies help provide a larger and more extensive coverage for your auto or home. They kick in to cover excessive levels of damage or medical bills and keep you safe. Before signing up for a policy, residents of Coppell, TX need to understand the fine print behind these policies. We at The Select Insurance Agency are here to help you in this task.

Coverage Gaps

Did you read the fine print on your umbrella policy to see if it has any coverage gaps? Often, people buying umbrella insurance find that it won’t kick in for 30 days or longer after buying the policy. This information is often included in the fine print.

Risks Are Often A Factor

When getting umbrella insurance, a policy often has information about acceptable and unacceptable risks in the fine print. If you behave in a way that the policy finds is unacceptable (such as driving your vehicle too fast for the conditions), umbrella insurance may not kick in and cover your accident.

Value Is Also Important

What is the value of the items you are covering? Umbrella insurance policies want to know and will often set a limit on what they will cover. Though they are designed to cover an extra level of damages, they may not cover every single problem. Be prepared for this by reading the fine print.

Loss Of Income Is Also Gauged

Will umbrella policies cover all of your loss of income if an accident impacts your ability to work? That depends on the policy. Most will cover a majority of a person’s lost income costs. However, they may have a limitation set in the fine print that is important to understand.

Interested In Umbrella Insurance?

If you want to get umbrella insurance from a source you can trust, come to us at The Select Insurance Agency. We serve Coppell, TX and the surrounding area and will provide you with the best umbrella insurance policy you can afford.

Types of Coverage Provided by Your Property Insurance Policy

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Residents of Coppell, TX who own investment properties do not need to purchase property insurance by law. It will, however, be required by their lenders, and it is a good business practice to do so. Property insurance is also referred to as landlord insurance, and it will provide different coverage than the renters insurance purchased by your tenants. 

Property Damage

Property damage can be caused by a variety of causes, and your property insurance may have provisions to cover you in the event that you sustain damage to the structure of your building. The specifics of this will vary from policy to policy, and your agent can go into this in more detail for you. Your tenants’ personal possessions can also be protected in certain instances if this is included in your coverage. 

Liability Issues  

When you rent your property out to others, you potentially can face a bevy of liability issues. You will be afforded a measure of protection against problems related to liability when this is included in your policy, and you can discuss these further with your agent. 

Loss of Income

You can sustain a loss of income when your property becomes uninhabitable and your renters need to vacate the premises. Certain property insurance policies have provisions for the loss of income that are the result of various situations that may arise. 

Contact The Select Insurance Agency

The Select Insurance Agency is a provider of property insurance and has experience serving the residents of Coppell, TX. We encourage you to make an appointment to speak with one of our knowledgeable agents about your property insurance needs, and we will be happy to help you find the insurance solution that is right for you. 

What is The Main Difference Between Term and Permanent Life Insurance?

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Not all life insurance policies are built the same, and it is important to know what type of policy you have. There are two main types of life insurance: term and permanent life insurance. The kind you have can make a big difference. To learn more about each type and the main differences, The Select Insurance Agency, serving Coppell, TX, has put together this quick guide. 

  • Term Life Insurance. Term life insurance tends to be less expensive. This may look good on the surface, but this is because it is a temporary type of life insurance and it has no cash value. In most cases, your beneficiaries will never receive a payout because most people do not end up needing their term life insurance policy. Term life insurance tends to only last for a few years or until a specific age. You can determine how long it will provide coverage by looking into your current insurance policy details. 
  • Permanent Life Insurance. Permanent life insurance, also known as whole life insurance, tends to be more expensive because the coverage lasts a lifetime and does not expire at a specific age or after a specific amount of time. Additionally, it has a cash value associated with it that will increase over time. There is a guaranteed rate of investment return on the cash value. You can also find fixed premiums to the cost does increase over time. This makes it ideal to purchase whole life insurance earlier rather than later. 

If you are interested in learning more about getting permanent life insurance policy, be sure to contact The Select Insurance Agency, serving Coppell, TX today. They can help you start your application and provide you some quotes for coverage. 

Do You Need Commercial Insurance If You Sell Makeup?

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Although the days of door-to-door sales may be behind us, direct selling is still an avenue some folks in Coppell, TX take to earn money. Whether you sell make-up, books, or whatever – you may need to have an insurance policy to protect you if harm should occur. 

More than likely the company that you are employed by or that you are contracted through will have insurance to cover any customer problems. However, as a responsible contractor, it is a great idea to have the conversation before any problems arise. Also if you plan on going all the way with the company and perhaps getting to a level where you may have a company vehicle to procure more clients or pursue business, the vehicle and its viability for commercial auto insurance will come into question as well. 

Speaking with an insurance agent at The Select Insurance Agency about your liability policy will set your mind at ease as to what situations can occur or have occurred.    

Make The Select Insurance Agency the insurance agency you select. Visit our office at 500 S Denton Tap Rd #107, in Coppell, TX 75019 or call one of our agents at (972) 315-7299. If you reside or house your business in Coppell, TX or the surrounding areas, you owe it to yourself, your client base, and your company to consider having us write your commercial insurance policy.

Is Vandalism Covered Under a Home Insurance Policy?

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There are many ways in which a home can be vandalized. Graffiti can be sprayed on the garage door or rocks can be thrown through the windows. If your home has been vandalized, you may find yourself wondering is this is covered under your home insurance policy.

Vandalism is covered under standard home insurance policies. However, in order to file a claim, most insurance providers require you to file a police report for the damage done. Once a police report is filed, you can then file an insurance claim to recoup money to make repairs.

When deciding whether to file a home insurance claim for vandalism, it is important to consider your deductible. Your deductible dictates how much money you will have to pay out of pocket before your insurance kicks in to help. Most people have deductibles that range anywhere from a couple hundred dollars up to a thousand dollars. If one or two windows were broken, and your insurance deductible is $1000, you may be better off paying for the windows yourself, as the windows may not exceed the cost of your deductible. However, if your garage door was heavily damaged and must be replaced, and you only have a $250 deductible, you are better off filing a home insurance claim rather than paying a significant amount of money for the door. Paying close attention to the deductible will help you determine if filing a claim is best for you.

Are you in the market for a new home insurance policy or do you have questions about an existing one? Then give The Select Insurance Agency, serving the greater Coppell, TX area a call today. Our knowledgeable employees can help to answer any questions you have and give you an estimate for a new home insurance policy.

Auto insurance Faux Pas

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Let’s face it. Auto Insurance can be a bit like playing Chutes and Ladders. A wrong move and you slide into a hole. It’s the same with auto insurance rates. With auto insurance, a wrong move, or not being aware of some things can increase your premium.

Your insurance company uses something called ISO rating. The Insurance Services Office, or ISO, provides them with a magical algorithm that combines  actuarial, statistical, and claims information bottled up in metrics and analytics. These provide an insurance agent with the tools to know based on location and many other pieces of information what to charge. Moving for a job, renting. You might what to ask your insurance agent what towns in the area have the lowest rates. A 2 mile difference in location can make a $4-20 difference in rate per month. Added over time, that could provide a savings.

Making a claim can increase your rates. Some companies have accident forgiveness. Is it a minor claim? You might not want to claim it. Talk to your agent first. 

Many auto insurance companies follow the Insurance Services Office’s (ISO) standard of increasing a premium. ISO’s surcharge plan for an accident may boost a vehicle’s premium. And it may have an increase of 20 to 40 percent.

Another saver that is factored into ISO is how much you drive. With many people working remotely or working at home two to three days a week, you could possibly qualify for "Usage based" auto insurance. By reducing your driving not only do you save gas but you could save on your insurance was well. This program was pioneered in Texas.

The Select Insurance Agency serves Coppell, TX and is ready to help you with all your insurance needs.

Can You Insure Home and Car with the Same Company?

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For a great number of people finding coverage that suits both home and auto can be difficult. Also, having multiple insurance agencies for your property might also pose a hassle. For some companies, you can add both car and home to policies within the same company. For those in the Coppell, TX area, the agents with The Select Insurance Agency can help you find the right coverage for all your insurance needs.

In many cases there are actually multi policy discounts for those that insure their homes and cars with the same agency. These companies are going to offer discounted coverage so that you can have all your policies with the same agency. The real question is, is it worth it. In some cases it certainly is. In some cases the savings that you get by insuring your home and car with the same agency are going to be large enough to make the creation of a multi policy account worth it.

In other cases, you might save a bit of hassle by having policies with the same agency, but you are not really saving all that much money. In some cases, it might be more beneficial to have policies with different agencies when it comes to the overall amount of money that you are going to save. The real trick is to determine which is the better course of action. This is where having an agent comes in handy. Agents can help you to find the best deal across the board so that you can save the most money possible while not sacrificing your coverage in any way.

For those in the Coppell, TX area, the agents with The Select Insurance Agency can find you the best deal so that you can save the most money possible.  

Reasons to Change to Our Insurance Company

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Insurance companies all serve the same purpose, but they are far from identical to one another. This is the case in terms of coverage and in regards to customer service. At The Select Insurance Agency, this is especially the case. 

1. Knowledgeable Agents 

Far too often, agents only recite what they’re told to say via a scripted conversation. However, agents at this Coppell, TX agency are knowledgeable about insurance in general in addition to the company they represent. These agents explain in terms that are understandable to the average person, not just insurance and legal experts. The agents ensure the client’s understanding, so there aren’t any discrepancies.

2. Comprehensive Coverage 

If a person doesn’t read the fine print in a policy, they could find themselves in a predicament where they have less coverage than they thought, which could harm them in the event of an accident. On the other hand, the current policy the person has could cost more and cover more than what’s necessary. At The Select Insurance Agency, policies are designed to meet the needs of real people, not to meet the agenda of the insurance company. With options that are feasible, consumers can save money and have a policy that caters to their needs. 

3. Easy to Consult With

It’s not uncommon to call a company that treats customers like they’re not important. This agency treats customers the way they deserve to be treated–with respect. This Coppell, TX company puts customers first and guarantees fair treatment. Agents are friendly and take the time with each client.

To get a quote or learn firsthand about The Select Insurance Agency, contact them at 972-315-7299.

Top 3 Tips For Preventing Road Rage

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Road rage strikes even the best drivers, leaving them furious, reckless, and prone to accidents. If you struggle with blinding rage whenever you get stuck at a light or when another driver cuts you off, it is imperative that you take immediate steps to prevent anger behind the wheel. The following tips and tricks will help you be a calmer, more responsible driver, even in difficult circumstances:

1. Leave Plenty of Time to Reach Your Destination

Road rage often occurs in response to tight deadlines. When you’re in a hurry, every extra second is a huge source of aggravation.

 The more time you leave yourself to reach your intended destination, the less angry you’ll become when you hit traffic or get stuck behind a slow driver. If you use Google Maps or some other smartphone app, always assume your drive will take at least ten minutes longer than what the app claims.

2. Find Alternate Routes

Does a slow area on your route make you feel incredibly annoyed? Have you observed a pattern of bad drivers on a particular road? Develop an alternate route that bypasses problem areas. This may force you to spend a few more minutes behind the wheel, but that much-needed sense of relief will make the longer drive worthwhile.

3. Maintain a Calm Driving Environment

Loud or angry music will not help matters if you’re already prone to anger behind the wheel. Instead, select cheerful music or a book on tape. You can also promote calm by maintaining a clean cabin with minimal clutter. 

By reducing road rage, you can prevent costly accidents. You can also keep expenses down by working with The Select Insurance Agency, serving Coppell, TX. Reach out today to learn more.

5 Things You Should Know About Coppell Home Insurance

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Home insurance is an excellent way for you to fight off the uncertainties of life, and while it can’t stop the bad things from happening, it can make them much easier to deal with. Here are 5 things to know about home insurance if you live in Coppell, TX from The Select Insurance Agency. 

1. The Policy Is Up to You 

When you can pick and choose what goes in your policy and what doesn’t, you give yourself a chance to understand more about what’s covered. This allows you to plan for the future in terms of both timing and finances. 

2. It’s There When You Need It Most 

When you have the right coverage, you get support when you’re most in need. The best policies can save you from having to rely on outside charity and can get you back in your home as soon as possible. 

3. It’s Made for All of Coppell, TX

Few people would want to live in Coppell if no one took pride in the homes. Home insurance is a way to put maintenance a priority, and keep home values where everyone wants them.  

4. It Saves Your Hard Work 

When you take the time to save for a house, you have to take the time to protect that investment. Bankruptcy is often the only option for people who experience catastrophic events and can’t pay for the repairs. 

5. The Right Partner Can Help 

Having the right partner can be the best thing you do. The Select Insurance Agency has a staff that is ready to take your call and answer your questions about how your policy will work. Call us today to see how we make it easier to keep your home safe. 

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