Tips to make your house more energy efficient

Posted on by AgentInsure

As energy prices continue to rise, it’s important to take steps to make your Coppell, TX area house more energy efficient. Making a few simple changes can help you save money on your energy bills and reduce your environmental impact. Here are some tips from us at The Select Insurance Agency for making your house more energy efficient: 

  1. Replace old light bulbs with LED bulbs – LED bulbs use significantly less electricity than traditional incandescent bulbs and last much longer, so you won’t have to replace them as often. 
  2. Upgrade heating and cooling appliances – Older heating and cooling systems can be inefficient and costly. Investing in newer, more Energy Star-certified models can save you money in the long run. 
  3. Install insulation – Adding insulation in your walls, attic, and floors can help keep the cold out during winter and the heat out during summer months, saving you money on heating costs in the long run. 
  4. Weatherize windows – Installing weatherstripping or caulking around doors and windows can help keep hot air from entering or leaving your home, saving you money on cooling costs during the summer months. 
  5. Upgrade appliances – Investing in new Energy Star-certified appliances like refrigerators or dishwashers are a great way to improve energy efficiency in your home while saving money on energy bills over time. 

By following these tips, you’ll be able to make your home much more energy efficient without breaking the bank! For more tips or to explore a homeowner’s policy, call us at The Select Insurance Agency today. We proudly serve the Coppell, TX area and would be glad to help you find a policy that meets your needs and budget.

Types of Accidents That Might Exhaust Your Car Insurance

Posted on by AgentInsure

It’s tempting to think that if you have auto insurance in place, you would never need to worry about paying for expenses resulting from an accident. Most insurance policies can indeed cover the expenses resulting from an average type of accident. However, there are instances in which a policy might get exhausted. At The Select Insurance Agency, serving Coppell, TX, and the surrounding areas, we want to help you prepare for any accident. Keep reading to learn about types of policies that might exhaust your insurance policy. 

What Does It Mean To Exhaust a Policy?

To exhaust a policy means that you have hit or exceeded the maximum amount the policy can pay on your behalf. Each auto policy will have a maximum amount. You should pay attention to these amounts as they are crucial to your coverage. If a policy hits or exceeds that maximum, any further expenses would need to be paid out of pocket. 

What Kinds of Accidents Would Exhaust a Policy?

Accidents resulting in tremendous damage or injury could easily exhaust a policy. This often happens if the accident was your fault and others are seriously injured. Medical expenses that your insurance company must pay could quickly eat up the maximum allowed payout of the policy. 

Accidents that result in legal action may also exhaust a policy quickly. This includes incidents in which others involved in the accident might sue you. 

Can This Be Avoided?

To avoid paying out of pocket for expenses, you might want to consider having an umbrella policy in place. This type of policy can pick up and pay when other policies have been exhausted. 

If you want to learn more about umbrella insurance, please contact us at The Select Insurance Agency serving Coppell, TX, and the surrounding areas.  

Term or Whole Life Insurance: What’s Best for Your Family

Posted on by AgentInsure

Regarding life insurance, deciding which type of policy is best for you and your family’s needs cannot be easy. Term or whole life insurance? It’s essential to understand the differences between the two before deciding. For families in Coppell, TX, The Select Insurance Agency provides excellent advice and service for life insurance policies—read on to learn more about term and whole life insurance. 

Term Life Insurance Basics 

Term life insurance covers you for a specific period (typically 10-30 years). Your beneficiaries receive death benefits if you pass away during that time frame. With term life, the premiums are typically lower than those of whole-life policies because they do not accumulate any cash or loan value—which means that once the term ends, so does the policy. 

Whole Life Insurance Basics 

Whole life insurance lasts a lifetime (as long as you keep up with premiums). This type of policy accumulates cash value over time, which allows policyholders to borrow money from their policy as needed. Additionally, this cash value grows tax-deferred. The premiums are usually higher than those of a term policy because these policies also come with an investment component.                   

The Pros and Cons 

Ultimately the choice between term and whole life insurance comes from personal preference and budget constraints. Term policies are less expensive than whole life but offer fewer benefits, whereas whole life offers long-term security but also comes with higher premiums. Both policies have pros and cons; while one might suit a particular family better, there is no “one size fits all” answer here.

If you live in Coppell, TX, and need help determining whether term or whole life insurance is best for your family, please consider contacting The Select Insurance Agency today!

What Does Workers’ Compensation Insurance Do?

Posted on by AgentInsure

Unlike most states, Texas law does not require Coppell, TX business owners to purchase workers’ compensation insurance. However, when an employer chooses to purchase this indemnification, it limits the categories and amount of compensation that an employee may receive. These regulations are outlined in the legal code. 

Entrepreneurs who do not purchase coverage are referred to as nonsubscribers. They can be targeted by lawsuits for which they will be sought to pay damages and attorneys’ fees with practically no limit. You are also not able to use certain common defenses in a court of law, such as assumption of risk, co-worker negligence, or contributory negligence. 

 Your knowledgeable representative from The Select Insurance Agency can fully inform you of all the specifics of workers’ compensation insurance. Employers are required to post a notice that each worker has five days to elect whether to accept the provisions of their worker’s compensation or to retain their legal right to sue. 

If an employee waives their inclusion in this coverage, they will not automatically receive payment for their medical expenses or lost wages. An employee would be covered under your policy if they sustained the injury during the course of providing services or performance to the furthering of your business. This also includes traveling. This is voided by horseplay, intoxication by drugs or alcohol, criminal actions, or off-duty activity. 

We Can Provide Insurance Products and Services

The Select Insurance Agency can meet our clients’ indemnification needs in the areas of worker’s compensation, and we serve those who operate in the area of Coppell, TX. We invite you to contact us for more information about how we can assist you. 

Three things you need to know about workers comp insurance

Posted on by AgentInsure

If you own a business and have employees, it’s vital that you know everything about workers’ comp insurance. At The Select Insurance Agency, we provide workers comp insurance in Coppell, TX.

The following are three things you need to know about workers comp insurance. 

Workers comp insurance can protect your company financially.

If you don’t have workers comp insurance, you can face costs due to lawsuits against you from employees who were injured on the job. 

If you carry workers’ comp insurance, you are protected financially in the event of employee injuries. Without workers comp coverage, your company could be financially devastated by the costs of an on-the-job employee injury. 

Workers’ comp insurance can help your company to attract employees.

Carrying workers comp insurance shows prospective employees that you’re devoted to protecting the livelihoods of your staff members.

If you carry workers’ comp insurance, you may find it easier for your company to attract top talent when looking for new staff members. 

Workers’ comp insurance can help your employees return to work after an injury.

One of the most important things workers comp insurance can do is ensure injured employees get the medical treatment they need.

Getting needed medical treatment ensures your employees return to work as quickly as possible. This boosts your company’s productivity and ensures as high a rate of employee retention as possible. 

If you need workers comp insurance for your business in Coppell, TX, contact us at The Select Insurance Agency. We can provide you with the worker’s comp insurance you need for your business. 

Why You Need Toy Insurance Protection

Posted on by AgentInsure

Toy insurance is the name of the insurance protection you need to cover recreational crafts and vehicles such as golf carts, all-terrain vehicles, snowmobiles, and more. You may be a great candidate for toy insurance if you own any recreational vehicles and don’t have them covered. Let The Select Insurance Agency experts, proudly serving Coppell, TX, help you determine what level of coverage you need. 

Toy Insurance Coverage

Recreational vehicles are an investment you want to protect from risks such as accidents, theft, fire, and other damage. Like you insure a vehicle you drive daily, you should also cover your four-wheeler, jet ski, or other recreational vehicles. This insurance also covers you if you have an accident with injuries. 

If you need toy insurance, you can contact a qualified insurance agent to discuss your current needs and have them match you with policies that offer the best protection. They can also help you with any changes to the policy or submit a claim for a covered event. We are here to help anytime you need us. 

Find Out More Today

The agents at The Select Insurance Agency look forward to providing the residents of Coppell, TX, and the surrounding areas with the insurance coverage they need to protect the things that matter. Don’t risk loss or liability while enjoying your toys. Get insurance that helps you protect yourself and your finances. Call or stop by our office today to speak to an agent and learn more about toy insurance and other quality insurance products we offer.

We look forward to serving you and helping you cover your investments. 

Does My RV Insurance Apply in Mexico and Canada?

Posted on by AgentInsure

Whether you are considering taking your RV on an extended road trip or just a weekend getaway, one of the first questions to ask is whether your Coppell, TX insurance coverage extends beyond the U.S. borders. In this post, The Select Insurance Agency explains more.

Does My RV Insurance Cover Mexico? 

The answer to this question depends on your purchase policy and the company that wrote it. Many insurers offer an endorsement or rider that provides coverage for trips outside the United States, but this coverage will likely come at an additional cost.

It is also important to remember that Mexican law requires vehicles entering their country to have valid liability insurance issued by a Mexican company. This means that even if your policy covers you in Mexico, you will still need to purchase additional insurance once you cross the border.

Does My RV Insurance Cover Canada? 

Similar to trips into Mexico, most U.S.-based insurers provide an endorsement or rider, allowing customers to extend their coverage into Canada for an additional cost. However, unlike Mexican law, which requires vehicles crossing their border to carry additional insurance from a local provider, Canadian law does not make any such requirement for vehicles entering from the U.S. Therefore, if your policy covers travel into Canada, no additional insurance should be necessary for trips there.

There’s more to see beyond Coppell, TX! Before hitting the open road, though, it is important to know whether or not your current policy covers travel outside the United States (specifically Mexico and Canada). Contact The Select Insurance Agency for more details.

Can You Afford to be in An Accident? Get Auto Insurance

Posted on by AgentInsure

Do you live in the Coppell, TX area? Are you a licensed driver? Make sure you have car insurance. The Select Insurance Agency can help.

Very few of us could afford the fallout following a car accident. The medical expenses, lost wages, and the possible lawsuit that could result can be devastating financially. Car insurance provides financial protection.

If you are at fault in an accident, you could be held responsible for the expenses resulting. This could include legal fees, the injured party’s medical costs, or their lost wages if they cannot work. The liability portion of your policy will help pay for these expenses. Liability coverage is standard in most vehicle policies.

The collision portion of the policy helps pay for damage done to your car after an accident, regardless of who is at fault. If someone rear-ends you, the damage is covered. If you rear-end someone, the damage is covered.

Comprehensive coverage helps cover the expenses of any damage to your vehicle in a non-collision accident. This would include damage due to vandalism, theft, weather events, or natural disasters. For example, if you are parked in your driveway, and a huge tree branch falls on the roof of your car during a storm, this coverage will help pay for the cost of repairs to your roof.

It is illegal to drive without car insurance in 48 out of 50 states. State law mandates the amount of liability coverage each driver needs to have. Don’t risk driving without this coverage. You could lose your license and be fined a hefty amount.

The Select Insurance Agency can provide you with a quote or answer any questions. Contact our office today. You will be glad you did.

Why You Need Home Insurance

Posted on by AgentInsure

Owning a home is a huge responsibility. Part of that responsibility is always to have a home insurance policy. This is a crucial way to protect your home and meet your lender’s requirements. Today, all lenders require a home buyer to have a home insurance policy for it. Your home insurance protects you and your home in several important ways. If you don’t have home insurance, it’s time to get it right now. Call us at The Select Insurance Agency in Coppell, TX.

Home Coverage

Your home is worth a lot, making it important to protect that investment. When you have home insurance, it gives you dwelling protection which is essential to have. If a damaging event occurred and your home became damaged or destroyed, your home insurance would pay for the necessary repairs. If a covered event destroyed your home, the policy would even pay to rebuild the whole house. No homeowners should be without a home policy.

Liability Coverage

There are many other types of protections afforded by home insurance, one of which is protection against liability. As the property owner, you would have to pay for someone’s medical bills if they got injured while on your property. It’s essential to stay covered against this type of occurrence so that you aren’t left paying exorbitant medical bills on your own. 

Item Protection

Your home insurance also covers all of your belongings. It’s valuable coverage that you need to protect you against the loss of your possessions. The things you own are worth quite a bit, so they need to stay protected by your insurance policy. 

Get the Protection of Home Insurance

Call us at The Select Insurance Agency in Coppell, TX when you need a home policy.

Can You Split a Life Insurance Policy Between a New Wife and an Ex-Wife?

Posted on by AgentInsure

At The Select Insurance Agency, serving the greater Coppell, TX area, we provide insurance products, including life insurance, to our customers. We love to answer any of their questions, helping them make the right decision regarding their insurance policies. We are occasionally asked whether a life insurance policy can be split between two people, such as a new wife and an ex-wife. Read on to get the answer to this question. 

Can A Life Insurance Policy Be Split Between Two Parties? 

In many cases, you can split life insurance policies as you wish. Most policies allow you to name beneficiaries and list the percentage of the policy the individual will be given should you pass away. This allows you to split your policy between your children or a current and ex-spouse. 

What Are the Alternatives to Splitting a Life Insurance Policy? 

If you do not wish to split your life insurance policy, an alternative would be to obtain two different policies, listing the beneficiary as a different party for each policy. However, in many cases, it is more costly to have two policies than one with a higher payout amount. 

Life insurance helps protect your family in case you unexpectedly pass away early in life. If you have kids with two different people or have kids with your ex and have a new partner you want to provide for, you may need to split your life insurance payout, or you may need two separate policies to protect all of your loved ones. Regardless of the situation, the agents at The Select Insurance Agency, serving the greater Coppell, TX area, can help you. Contact us now to learn more. 

Categories

Archives