For decades, traditional auto insurance models based on fixed premiums have been the norm. However, with the advancement of technology and a growing emphasis on personalization and sustainability for lower rates, a new auto insurance model has emerged: pay-per-mile insurance. This innovative approach is revolutionizing auto coverage, offering benefits to both insurers and policyholders in and around the Plano, TX area.
The Benefits for Policyholders
- Cost Savings: Pay-per-mile insurance can be significantly cheaper for infrequent drivers. If you’re not on the road often, you won’t be paying for coverage you don’t use.
- Environmental Impact: This model aligns with sustainability efforts by encouraging reduced driving and, consequently, decreased carbon emissions.
- Personalization: Pay-per-mile insurance is highly personalized. It considers how, when, and where you drive, allowing for a more accurate risk assessment.
- Incentive for Safe Driving: Knowing that your premium is tied to your driving habits can encourage safer driving behavior, potentially reducing accidents and claims.
The Benefits for Insurers
- Reduced Risk: With a pay-per-mile model, insurers typically cover vehicles that spend less time on the road, translating to fewer accidents and claims.
- Improved Customer Retention: Offering a unique and flexible insurance model can attract and retain customers looking for personalized and cost-effective coverage.
- Competitive Advantage: Insurers adopting this model can gain a competitive edge, especially among environmentally conscious consumers.
Challenges and Considerations
While pay-per-mile insurance has numerous benefits, it may not suit all drivers. Frequent or long-distance drivers might find this model less cost-effective than a traditional fixed premium policy. Additionally, the availability of pay-per-mile insurance may vary by location and insurer.
Paragon Independent Insurance Agency Can Help You
At Paragon Independent Insurance Agency, we can help answer questions concerning auto insurance. We serve the Plano, TX area. Contact us today.
Do you ever feel you’re not getting the most out of your current home insurance policy?
If not, you’re in the same boat as many other local area homeowners. The good news is that insurance experts at the Paragon Insurance Agency in Plano can show you how to maximize your home insurance benefits!
The Paragon Independent Insurance Agency in Plano, TX is skilled at helping local homeowners maximize their insurance benefits by providing the best policy options for their needs.
Maximize Your Home Insurance Benefits in Plano, TX
Homeowners insurance can provide security, comfort, and irreplaceable peace of mind, knowing that your home and its contents are fully protected from theft, vandalism, or natural disasters.
Trusted agents can provide tips on choosing a policy that meets your needs and maximizes benefits in the following areas.
- Dwelling Coverage: Protect your home’s exterior with dwelling coverage that safeguards outdoor features like porches and decks.
- Personal Property Coverages: Sleep easier when you know your precious valuables and electronics in your home are covered from theft or damage with adequate insurance.
- Bundling Insurance Policies: Paragon Insurance agents can help you with bundling auto, home, and other insurance policies to maximize your benefits.
Ask your agent about additional discounts and savings plans that can help reduce your insurance costs.
Get Plano, TX Home Insurance And Maximize Your Benefits Today!
If you’re ready to take advantage of maximizing the benefits of your home insurance policy, talk to the experts at Paragon Independent Insurance Agency in Plano.
Licensed and knowledgeable insurance agents can answer your important questions, offer you a free home insurance quote, and even help you choose the best policy for your needs.
Commercial insurance protects your business in the event there is an accident. To protect your Plano, TX small business, you must ensure that every vehicle used by your business is insured. Some people wonder if they can save by using their regular insurance when using their personal vehicles. At Paragon Independent Insurance Agency, we can help answer your commercial insurance questions.
When Is Your Personal Vehicle a Work Car?
Your personal vehicle becomes a work vehicle if you use it for anything during the course of business. Here are some examples of work activity:
- picking up supplies or dropping off goods,
- using your vehicle as part of a service your company provides,
- traveling between work locations on work time and
- visiting clients.
You Can Open Yourself And Your Business Up To Liability
If an accident occurs during the course of business, your regular insurance will not be responsible. Your business will still be responsible for any damages, including property damage, medical expenses, lost wages, rental vehicles, and pain and suffering. You will also be responsible for handling the lawsuit if someone sues you.
You May Also Face Legal Consequences
In Plano, TX, you can face fines and other consequences if you or an employee are found to be driving without insurance. The fines usually increase if there are multiple violations. Additionally, the vehicle could be towed, and you may have to prove that the vehicle is insured correctly to get it back.
Protect your Plano, TX small business by ensuring you have the necessary coverage. If you want to discuss your coverage or have any questions about commercial insurance, please call Paragon Independent Insurance Agency today.
If you’re a homeowner, it’s essential that you have a home insurance policy. If you have a mortgage on your home, the lender generally requires that you have this insurance. If your neighborhood has an HOA, they, too, will require this insurance. If you don’t have it, you need to get it right away. To start a home policy, call us at Paragon Independent Insurance Agency in Plano, TX.
Protection for Your Home
Your home policy will protect your home by covering you against severe events that could damage it. The policy can pay for the necessary repairs if a natural disaster, calamity, etc., should happen. If a covered event destroys your home, this policy can pay for the rebuilding required. It’s never a good idea to go without this coverage in case the worst happens. Protect the investment you’ve made in your home with this policy.
Protection for Your Possessions
Just like the protection for your home, you also get protection for your belongings in a home policy. The policy can replace your items if they are lost or destroyed in a covered event. There are many ways that an accident or other event can ruin your possessions, and you need to be covered against them. It can keep you from paying for all of the replacements yourself.
When you’re the homeowner, you’re responsible for medical bills and other bills if someone has an accident while on your property. Home insurance offers protection against your liability and pays those bills for you. This can help you avoid a financial disaster.
Get Home Insurance
If you need this type of insurance, get it right away. Just call us at Paragon Independent Insurance Agency in Plano, TX to get started.
Do you want to learn more about how to get commercial business insurance in Texas?
Smart business owners in Texas know that having commercial insurance in the Wild West isn’t a luxury for business owners; it is a necessity.
Commercial business insurance helps business owners protect their long-term investments from financial losses that can arise from unexpected events.
Knowledgeable insurance agents can explain the benefits of commercial insurance as part of a comprehensive business strategy to mitigate risk.
Natural Disasters, Heat Waves, and Storms
The recent influx of severe storms and extreme weather reminds Texas business owners that natural disasters, hurricanes, and heat waves can cause property damage, supply chain disruptions, and business shutdowns.
Business owners get commercial insurance to shield businesses from potentially devastating effects caused by severe weather and storms, but the protection doesn’t end there.
Get Business Liability Coverage
Commercial insurance can provide liability coverage for accident-related claims filed against a business. It can also help business owners recover from property damage, theft, or vandalism on their premises.
In today’s digital age, business owners need to protect their digital assets from prying eyes and bad actors who implement cyberattacks and technology breaches that interrupt the normal flow of business.
Don’t Leave your Texas Business Exposed to Risks in the Wild West!
Talk to a licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX, to learn about your coverage options.
We specialize in offering tailored insurance solutions for Texas-area businesses. Our agents can help small business owners, startups, and corporations choose the best commercial insurance for their needs.
Contact an agent to get a free commercial business insurance quote today!
Single-vehicle accidents account for 35% of traffic incidents nationwide. That number makes it vital that you understand what to do if you are involved in a single-vehicle accident and how insurance coverage works. Our Paragon Independent Insurance Agency team, serving Plano, TX, is here to answer your insurance questions and ensure you have the coverage you need.
Understanding Fault In Single-Vehicle Accidents
Texas is an at-fault state, meaning we determine who is at fault for each accident and who is responsible for any liability resulting from the accident. The need to determine liability applies in single-vehicle accidents because the driver is not automatically at fault for a single-vehicle accident. Factors other than the driver that can contribute to a single-vehicle accident include:
- Inclement Weather
- Road conditions or unkempt roads
- Hidden road signage
- Obstacles or animals on the road
- Mechanical malfunction
- Other drivers’ negligence
Because those contributory factors can influence the determination of fault, you should obtain a police report and safely document the scene whenever you are involved in an accident. If other factors are relevant, others may be found liable or partially liable for the accident and may be required to compensate the accident victims.
Even in a single-vehicle accident, correctly reporting and recording information about an accident can help determine fault, allowing you to avoid or reduce liability. Besides offering peace of mind, this can save you and your insurance company money in the long term.
Working With Paragon Independent Insurance Agency
Your friendly team at Paragon Independent Insurance Agency, serving Plano, TX, is ready to address all your insurance needs, including automobile insurance. So, give us a call or stop in today to ensure you are appropriately covered while driving Texas roads.
Regarding safeguarding your property in Plano, TX, having a comprehensive home insurance policy isn’t a luxury; it’s a necessity. At Paragon Independent Insurance Agency, we understand home insurance and can help you navigate your way to the right policy.
Firstly, consider the coverage type. Basic plans might protect against a handful of perils like fire or theft, but a comprehensive policy can cover everything from vandalism to natural disasters. Assess your risk level and choose accordingly.
You’ll have to decide how much coverage you need. Consider the replacement value of your possessions; keep in mind that it should cover all your belongings, from furniture, electronics, and appliances to clothes and jewelry. It’s also essential to maintain accurate records such as receipts or photos so you can make a claim if anything is damaged or stolen.
Secondly, consider the actual cash value vs replacement cost. Actual cash value coverage will reimburse the cost of the property minus depreciation. On the other hand, replacement cost coverage will pay the actual cost of replacing your possessions without factoring in depreciation.
Thirdly, liability protection is a crucial component of any home insurance policy. This covers you if someone is injured on your property or if you’re legally responsible for damage to someone else’s property.
Lastly, don’t forget about additional living expenses (ALE) coverage. If your home becomes uninhabitable due to a covered incident, ALE coverage will take care of the costs associated with a temporary relocation.
Choosing the right home insurance policy is about finding the perfect balance between your coverage needs and budget constraints. If you’re in Plano, TX, and need home insurance, don’t hesitate to contact us at Paragon Independent Insurance Agency. We’re here to help.
As senior citizens remain active on the roads in and around Plano, TX, their unique driving needs and considerations warrant tailored auto insurance coverage. Mature drivers often have decades of driving experience, and while age can bring wisdom and caution, it may also be accompanied by specific challenges.
Understanding the Needs of Older Drivers
Specific physical and cognitive changes can impact drivers’ driving abilities as they age. These changes may include diminished vision, hearing loss, slower reflexes, and cognitive decline. However, not all seniors experience the same changes, and many remain capable and safe drivers well into their golden years.
Given the diverse range of abilities among older drivers, auto insurance providers offer considerations and discounts to cater to seniors’ specific needs and reward their safe driving habits.
Available Discounts and Considerations
- Mature Driver Discounts: Many insurance companies offer mature driver discounts to seniors who complete approved defensive driving courses. These courses may qualify seniors for reduced insurance premiums.
- Low Mileage Discounts: If seniors drive fewer miles per year, they may be eligible for low mileage discounts. Retirees who no longer commute to work can benefit from such deals.
- Pay-As-You-Drive (PAYD) or Usage-Based Insurance: PAYD programs monitor driving behavior through telematics devices, rewarding, secure driving habits with discounts.
- Customizable Coverage Options: Seniors can benefit from customizable coverage options that meet their needs. These may include additional medical coverage or coverage for mobility equipment, such as wheelchairs or scooters.
- Medical Payments Coverage: Medical payments coverage can be essential for seniors, covering medical expenses for themselves and their passengers in the event of an accident, regardless of fault.
Paragon Independent Insurance Agency Can Help You
Here at Paragon Independent Insurance Agency, we can answer all your questions concerning auto insurance. We assist the Plano, TX region. Contact us today.
Are you a business owner operating your business in the Lone Star State? You need to carry proper commercial insurance that will protect your business, you as a business owner, and your employees if you have any. Commercial insurance can be a complex topic. Therefore, you should work with an insurance expert to understand it. Here is some essential information about business insurance in Texas you should know.
What Should You Know About Commercial Insurance in Texas?
The crucial facts about business insurance in the Lone Star State include the following:
- Texas does not require workers’ compensation. An interesting fact is that Texas is one of the two states that does not require businesses to have workers’ compensation. However, there are certain exceptions to know. The following operations and industries need workers’ compensation: the public sector, construction contractors for public entities, natural gas and liquid propane dealers, and motor carriers.
- There are factors affecting the cost of your business insurance. The main factors are the industry type and the size of your company. Business experience, risk management, prior insurance history, and other factors also play a significant role.
- Insurance is regulated by the Texas Department of Insurance (DOI). The DOI regulates all types of insurance in the state, including business insurance as well. Therefore, you can always contact the DOI if you have any questions or issues with your insurance.
Paragon Independent Insurance Agency – Reliable and Trustworthy Agency in Texas
If you are shopping for commercial insurance in Texas and do not know where to start, Paragon Independent Insurance Agency serving clients in Plano, TX is here to help. Our qualified and knowledgeable insurance experts are here for you. We are ready to answer all your questions and help you find the policy you need. Whether you operate a business in Plano, TX, or any town in the Lone Star State, feel free to contact us.
The value of homeowner’s insurance can’t be denied whether you’ve owned a house for a year or three decades. There are millions of homes in Texas, and many residents consider adding a fence for several reasons. Whether they want more privacy or add value, it’s a good investment. Our experts at Paragon Independent Insurance Agency serve Plano, TX, by helping them understand more about their policy. One common question we get is whether or not insurance covers a fence.
Will Home Insurance Cover A Damaged Fence?
Home insurance typically covers your fence, but it must be from something considered a covered loss. For example, if you neglect routine maintenance or upkeep, that wouldn’t qualify for a replacement. Below would be examples of when your policy would cover your fence.
- Strong wind or hail from a thunderstorm damages your fence
- A neighbor’s tree falls on your fence, creating a gap in one of the sections and making it unusable.
- A car veers off the road and crashes into your fence, causing significant damage.
- These are all scenarios where your home insurance policy would likely cover the cost of repairing or replacing your damaged fence.
However, it’s important to note that each insurance policy is different, and coverage may vary depending on your policy’s specific terms and conditions. Our team of experts is always available to answer any questions you have. As a structure outside the home, it’s good to understand what is covered when something unexpected occurs.
Call Paragon Independent Insurance Agency To Get An Estimate
Do you need a quote for a home insurance policy in Plano, TX? We would love to make the process as easy as possible. Call for an estimate!