What type of life insurance is right for me?

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Anyone in the Coppell, TX area will have different personal insurance needs. While getting insurance to protect your assets and reduce liability risks is important, another valuable type of coverage to get is life insurance. When looking for coverage, there are various options to consider. Considering the benefits of both term and whole life coverage is crucial to decide which type is ideal for your situation. 

Term Life Coverage

For many people, a term life plan is an ideal insurance policy. With a term life insurance policy, you will have a certain level of coverage for a defined period. The term length available can range up to several decades, allowing people to customize their own policies based on their needs. Further, these plans tend to have lower premiums relative to the level of coverage selected. 

Whole Life Coverage

Another type of insurance to consider is whole life insurance. If you select a whole life plan, you will get the policy for the rest of your life. An added benefit of whole-life coverage is that some of your payments will build and accumulate in an account with interest. In the future, this account can be liquidated or used as collateral for a loan. This can make it a good alternative and low-risk investment option. 

People in the Coppell, TX area should spend the necessary amount of time evaluating their life insurance options and building an ideal plan. The Select Insurance Agency professionals can give the support needed to understand the differences between your insurance options. Based on the guidance provided by The Select Insurance Agency, you can then build an ideal policy that will give appropriate coverage. 

Why Do You Need Insurance for Your Business?

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As a small business owner, you may be trying to save as much money as you can. One thing that you might try to avoid is getting insurance for your business. However, that could be a big mistake. 

Here are some reasons why you need insurance for your business. 

Property and casualty insurance. This is important to protect the physical assets in your business. This may include your office, as well as the building that it is in. It can also help if your business needs to be shut down due to damage or loss. 

Liability insurance. Liability insurance will protect your business (and yourself) against any lawsuits that you may find yourself facing. If someone falls and gets hurt on your property, this protection is necessary. 

It is the law. Though you want to protect your business and yourself from anything that may happen, the truth is that you can’t have a business without insurance. You may find yourself facing fines and penalties if you don’t have any insurance. Legally, you may be forced to shut your business down if you practice without any insurance. 

Even if you don’t want to spend the extra money, you can’t open a business without insurance. That being said, you need to protect it any way you can. Property and casualty insurance will cover the building, while liability will cover any lawsuits that you may end up facing. If you are sued, you may end up losing your business and even your home. It may destroy your family, so you should do anything that you can to protect everyone. 

If you are looking for insurance advice in Coppell, TX, don’t hesitate to contact us today at The Select Insurance Agency. 

Why should a business get workers comp insurance?

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Any business owner today is going to have various important decisions that need to be made on a daily basis. One important decision that may need to be made can come when choosing a proper insurance plan for the business. One form of insurance that all business owners in the Coppell, TX area need to consider getting is worker’s compensation insurance. There are several advantages of this type of coverage that make it a good investment. 

Protect Employees

One of the main reasons that you should get workers’ compensation insurance is that it can help to protect your employees. A quality team of employees is an invaluable asset and workers’ compensation will provide them with support if they suffer injuries on the job that results in damages. A proper plan can provide coverage for many costs they may incur including lost wages, medical bills, and future therapy expenses. 

Reduce Commercial Liability Risk

Another advantage of workers’ compensation coverage is that it can help to reduce your commercial liability risk. If you have someone that is injured while they are working on the job, the workers’ compensation plan will offer coverage. However, if you do not have this type of coverage, they may pursue you and your business to cover their damages and incurred costs. With the right workers’ compensation plan, they will already have their costs covered.

As you are looking for a commercial insurance plan in the Coppell, TX area, it would also be wise for you to call The Select Insurance Agency. There are various advantages that come with this coverage and The Select Insurance Agency can help ensure you choose a plan that will help to maximize your protection. Ultimately, this will help to protect both your business and your employees. 

3 Terms to Know About Dental Insurance

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Dental insurance is a useful resource to have even if you only go to the dentist for your annual cleanings. Dental insurance has a lot to offer, helping you avoid paying out of pocket for dental work you absolutely need.

The Select Insurance Agency understands that dental insurance can be a difficult topic to discuss if you aren’t familiar with all the lingo. These are the words every Coppell, TX resident needs to know related to dental insurance.

Co-Pay

The co-pay is the amount of money you are responsible for paying at the time of service. For example, your insurance policy might have a $20 co-pay for dental cleanings. You will pay the co-pay at the time of your appointment, and then the dentist will bill your insurance company.

In-Network

As you browse insurance options, you will notice that some dentists are considered in-network while others are out-of-network. Usually, insurance provides more coverage for in-network providers. In some cases, out-of-network providers will get coverage at all. You should use this information to determine which dental providers you want to see.

Waiting Period

Unlike health insurance policies, dental insurance policies may have required waiting periods for specific types of coverage. For example, you may need to wait six months between buying insurance and getting fillings for your teeth. It is important that you read your insurance documents to familiarize yourself with the details.

Get Dental Insurance Information

Do you want to learn more about dental insurance? The Select Insurance Agency can help you choose the right policy to meet your needs. Our Coppell, TX clients benefit from knowing these basic terms and more. Contact our office to learn more.

Top 3 Health Insurance Myths Busted

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The world of health insurance can seem confusing and overwhelming. This is why it is good to have knowledgeable insurance experts on your side. At The Select Insurance Agency, serving Coppell, TX and surrounding areas, we aim to provide our clients and future clients with the insurance information they need to make confident choices. Keep reading to learn about health insurance myths. 

Myth- The Most Affordable Plan Has The Lowest Premium 

When you start shopping for insurance, you will immediately see that different plans will have different monthly premiums. You may be tempted to think that the plan with the lowest premium is the most affordable. This is not always the case, though. A lower premium can sometimes mean a larger amount of out-of-pocket expenses to meet a deductible. If you or your family members suffer from any kind of chronic health problems, this may not prove to be the most affordable option over time. 

Myth- Health Insurance Is For Medical Treatment Only

Although most of the services you will receive through your insurance plan will be medical treatments for physical issues, today most insurance plans also offer mental health services as well. When shopping for insurance, be sure to look into the mental health benefits your plan offers as well. 

Myth- Pick One Health Insurance Plan and Stick to It Every Year

Although it can be less complicated to simply keep repeating the same health insurance choices each year, if you want to make sure you are getting the best deal, and make sure you have access to the services you truly need, you will want to evaluate plans carefully each year at open enrollment to ensure you are picking the one that is right for you today. 

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

Should You Get Life Insurance for Your Children?

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As a parent, you may know that you need to have life insurance, just in case something happens to you. You don’t want your family to struggle if something happens to you. However, you may not be sure if you need to have some life insurance for your children.

Here are some reasons why you may want to get life insurance for your children. 

It gives you the time that you need to grieve. There is nothing worse than losing your child. You might need to take some time off of work to take care of yourself and your family. The money that you get from your child’s life insurance policy may allow you to do so, without worrying about paying your bills. 

You may be able to borrow against their life insurance policy to help support them. You may be able to get some money to help you pay for their college tuition or even their wedding. 

If you start them young, they will have a policy for life, no matter what happens. It can be harder to get a policy when you are older. In fact, you may end up paying more each month due to illness or even being overweight. If you start now, your child will have an affordable plan for the rest of his or her life. 

If you are unsure about whether you should insure your child, you may want to think about what is going on. If you want to give yourself time to grieve, it may help you financially during this time. 

If you are in Coppell, TX, contact us at The Select Insurance Agency. We will be able to help you decide if it is a good idea to insure your child. 

Who Needs Long-Term Care Insurance

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Long-term care insurance provides a lot of reassurance for those who may benefit from care in a nursing facility in the future. There are many long-term care insurance options available. Do you want to find long-term care insurance options in Coppell, TX? These are some of the situations where The Select Insurance Agency recommends insurance.

People With Long-Term Health Issues

If you have a health condition that could lead you to spend time in a nursing home, assisted living home, or caretaking facility, you should consider long-term health insurance. If your health condition will last longer than three months, you should consider insurance for this purpose.

People Who Benefit From Day Care Services

If you are somebody who has a health condition that may cause you to benefit from adult day care services in the future, you should consider long-term care insurance. For instance, you may need a caretaker in your home, or perhaps you benefit from spending time at a care facility during the day until those who provide full-time care are able to return home after work.

People Who Require Home Modifications

If your conditions require that you might need home modifications in the future, long-term insurance is a smart decision. You’ll be able to live at home longer with these modifications, and you can also save money in the process. Your insurance may cover some of the modifications you want to have added to your home so that you can live there safely.

Get Long-Term Care Insurance Today

The Select Insurance Agency understands the needs of Coppell, TX, residents. Call our office today to learn more about long-term care insurance in your region.

Renewing Auto Insurance: FAQs

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As a new driver or someone new to having their own insurance policy, you may not know what to do when the time comes to renew your auto insurance policy in Coppell, TX. Luckily, the team at The Select Insurance Agency is here to help.

When Does Your Policy Need to Be Renewed?

When it is time to renew your auto insurance policy, your insurance carrier will generally send a letter to you in the mail (or e-mail if you’ve opted for electronic communication). This correspondence usually goes out at least 30 days in advance. Ultimately, though, you should make sure you are aware of the expiration date of your policy so you can keep in contact with your insurer in the event your renewal notice is lost in the mail.

How Does the Renewal Process Work?

As a general rule, your auto insurance policy will renew automatically without you needing to lift a finger. The correspondence you receive in the mail should include your new rates (if they changed), along with any restrictions, the next renewal date, and any changes that were made to the policy.

Depending on your insurance company, you may be required to renew your policy manually. If this is the case, you will need to speak to an agent. This can be beneficial since it will allow you to ensure you are getting the best possible rate at the time.

If you are interested in obtaining a quote for auto insurance before you renew your current policy with another insurer, reach out to us at The Select Insurance Agency. Serving Coppell, TX drivers, we can assess your individual needs and tailor an auto insurance policy specifically for you.

How To Protect Your Home From Burglary

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Your house is not only an important investment, but it is also where you and your family call home. You want to be able to feel safe and secure in your home at all times. The Select Insurance Agency, serving Coppell, TX and surrounding areas, is here to help clients better understand how they can protect their homes from burglary. Keep reading to learn more. 

Invest In A Security System 

Although you might think a security system is a big expense, you must look at this as an investment. You are investing in the safety and security of your family. Not only will a security system decrease the chances of your home being invaded, but it will also give you and your family peace of mind which is also very valuable. 

Establish Safety Rules 

It is also important that your family establishes safety rules which everyone follows. This can include a nightly door and window check for the ground level of your home. It can also include making sure everyone understands how to properly operate the security system. You should also establish very serious rules concerning key sharing or code sharing if you do have a security system. 

Know Who Is Visiting

Families should be sure that everyone is aware of who is visiting and that everyone is comfortable with visitors. Burglaries can often result from family members giving questionable people access to the house. Visitors should be discussed and agreed upon. 

If you would like to learn more about home safety and home insurance products, please contact us at The Select Insurance Agency serving Coppell, TX and surrounding areas.  

Top 3 Best Ways You Can Protect Your Business

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As a business owner, it is imperative that you have active strategies for keeping your business safe from financial vulnerabilities. At The Select Insurance Agency serving Coppell, TX and the surrounding areas, we want to help our clients make the best insurance choices by providing solid information and guidance. Keep reading to learn about the top 3 best ways you can protect your business. 

Screen Employees

Who you bring onboard to your company will have a dramatic effect on your long-term success. It is imperative that you have solid screening protocols in place to avoid future difficulties. These protocols can include background checks, in-depth screening of references, and other methods to ensure that the team members you bring on will add to your company’s success and not diminish it. 

Invest In Commercial Insurance 

Another great way to protect your business is by investing in a solid commercial insurance policy. These policies provide business owners with customizable types of coverage that are unique to running a business. Coverage such as property damage, auto, and liability can all be bundled into one convenient policy. 

Use Prevention Methods 

Prevention methods are necessary in order to cut down on certain risks your business may face. Smart prevention methods include thorough safety training protocols to prevent on-the-job injuries, impeccable cleanliness, and safety standards for areas customers may frequent and high-quality standards for products and services to cut down on injuries or liability issues. 

If you would like to learn more about our insurance products and services, please contact us at The Select Insurance Agency serving Coppell, TX, and the surrounding areas. 

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