Does My Homeowners Insurance Cover a Sewer Backup?

Homeowner’s insurance policies are designed to cover you and your home for most damage, including water damage. Water damage is covered when it is sudden and accidental; however, some damage to the house can be caused by a sewer backup. Luckily, sewer backups are considered sudden and unexpected, meaning the damage caused by the blockage is covered by your homeowner’s insurance. 

If you live in Plano, TX and wonder if your policy covers sewer backups, call the Paragon Independent Insurance Agency experts. 

Does Homeowners Insurance Cover a Sewer Backup? 

Your homeowner’s insurance policy should cover a sewer backup if you had specific sewer backup coverage included as an endorsement within the policy. This insurance coverage pays for damages associated with sump pump failures, tree roots, pipelines, and other causes related to a sewer backup. 

Top Causes of Sewer Backups

Many things can cause your sewer to back up, and when it happens, it can create a mess and damage your personal property. Some top causes for sewer backups include: 

  • Sump Pump Failures: This is the leading cause of sewer backups because the sump pump is responsible for removing and disposing of water, preventing your basement from flooding. 
  • Outdated Sewer Systems: When sewer systems get old and obsolete (40 years or older) can cause the sewer system to fail, crumble, or fall apart, causing a backup in your home. 
  • City Pipelines: Sometimes, city pipelines get flooded and backed up during storms. Additionally, city sanitary blockages can cause a backup if not detected and fixed in time. 
  • Tree Root Blockage: Tree roots are powerful and determined to get to a water source. Sometimes the roots penetrate sewer systems, which can cause a backup. 

It is very affordable to add sewer backup coverage to your homeowner’s policy in Plano, TX. Call the Paragon Independent Insurance Agency experts for more information about this additional coverage for homeowners insurance policies. 

How Much Auto Insurance Do I Really Need?

Are you about to purchase a vehicle or have you recently gotten your license and need to get automobile insurance? If so, there are some things you should know beforehand. An expert at Paragon Independent Insurance Agency of the Plano, TX region can assist you with the process so you know just how much insurance you’ll need for your situation. 

Get the Coverage You Need 

Make it a point to get adequate car insurance for your state’s minimum requirements as well as to protect your finances. If your vehicle is damaged in an accident or in some other manner, it can be costly to repair or to replace if you have a total loss. There is some type of minimum auto insurance in every state that you must have to be able to drive legally. 

Beyond this, the amount you should have in coverage depends on factors such as your car’s value, where you live, your driving habits, and your financial situation. This should be a serious discuss you have with the company from which you plan to get your policy. 

Top Considerations 

In addition to looking at your situation, you’ll want to have an agent compare the cash value of your vehicle to the cost of collision and comprehensive coverage. If this coverage would cost more than 10 percent of your car’s value minus your deductible, then it’d be best if you skip it. 

Liability insurance is a key thing to have when it comes to protecting your finances. Your agent can calculate how much you’d need in order to cover the total value of your net worth. If you have assets worth over a certain amount, they’ll recommend a specific liability policy that goes above the standard amount. 

Some other types of coverage you might consider include Personal Injury Protection, Uninsured/Underinsured Motorist, Medical Expenses, and gap insurance bridges (which do what it sounds like, covering the difference if your automobile is a total loss). 

The experts at Paragon Independent Insurance Agency of Plano, TX and beyond are ready to help you get the insurance that you want and need. Reach out to us with your questions and concerns today. 

Biggest Risks Business Owners Face

Business owners know there are risks associated with operating a Plano, TX business. Because there are risks, it is essential to have proper insurance coverage to protect yourself against any risks your business faces, including losing the business. Continue reading to learn more about the different risks business owners face, and then reach out to Paragon Independent Insurance Agency agents for more information about protecting your business. 

Business Interruption

Some businesses suffer the loss of profits due to having to stop business operations. There are several reasons why a company may need to cease operations, including severe storms and federal emergencies/mandates.

Business Liability Insurance

There is always a possibility of someone getting injured at your business. The chance of injury to a customer puts your business at risk of being sued for medical bills and other damages. 

Commercial Property Insurance

Regardless if you own the building or rent for your business, you can significantly benefit from having commercial property insurance. The benefit of this is everything you need to run your business is at risk of getting damaged or stolen. 

Data Breaches

With advancements in technology, almost all businesses today rely on computer networks to store and retrieve business-related data. As a result, cybersecurity crimes are on the rise, and all companies working online risk data breaches. 

Worker’s Injuries

There is a risk that one of your employees will get injured at work. Workers’ compensation protects business owners by covering the employee’s lost wages, medical bills, and other financial needs while recovering from the injury. 

Plano, TX business owners understand there are risks when going into business. To ensure you and your business are fully protected, call the Paragon Independent Insurance Agency experts today for additional information. 

How Home Insurance Protects You

When you own a home, it’s important to cover that home well so that your investment in it is protected.  Home insurance comes with a few different types of coverage that all work together to keep you well protected. To find out more, call us today at Paragon Independent Insurance Agency in Plano, TX. 

Covering Your Home

Part of your home insurance is coverage for the home itself. This includes every part of the dwelling and covers you for a wide variety of disasters, accidents and calamities. When there is a major incident that causes damage to your home, your policy can pay for it to be repaired or rebuilt. This is valuable coverage that protects the massive investment you have made in your home. 

Covering Liability

There are many ways that someone could be injured in your home or on your land, and home insurance covers those possibilities. When someone is injured on your property, you may be liable for their medical bills. As most of us know, medical bills can be extremely high. That makes liability coverage one of your most important types of home coverage. 

Insurance for Your Possessions

Your home itself is not the only thing that you have invested a lot of money into. All of the belongings that are in your home are also an investment that should be protected. With home insurance, you will have some protection for all of your possessions that are inside it. If an accident, disaster or other incident damages or destroys some of your belongings, your policy can help you to repair or replace them. 

Get Your Home Insurance Policy

When you own a home, home insurance is an absolute must. To get a home insurance policy of your own, call us at Paragon Independent Insurance Agency in Plano, TX.

Key Terms for Understanding Auto Insurance

Most people shopping for auto insurance go through the challenge of understanding the different terms used. It is even harder for people to buy insurance for the first time as the words are foreign to them. To help you understand, Paragon Independent Insurance Agency of Plano, TX takes you through some key terms you should know.

At Fault

At-fault refers to the person/ party responsible for an accident and liable for any harm caused. If you are the one that caused an accident, automatically, you are responsible for all the resulting costs of property damage and injuries. 

Damages

Most people confuse damage with damage, but the two have different meanings in insurance. Damage is the resulting destruction caused after an accident, while damage is the money that the party at fault is required to pay for the destruction of property and the injuries caused. Often, after the liable party is sued, they will pay damages or compensate the person harmed in the accident.

Liability

Liability is the legal responsibility befalling the party that caused property damage or bodily harm during an accident. The party at fault for the damage is required to pay for the costs of repair and the medical treatment of the injured party.

Coverage

This term is used to refer to the different protection offered by an auto insurance company. It includes items covered under a policy, such as liability coverage, comprehensive coverage, and underinsured/ uninsured coverage.

Premiums

The amount of money you need to pay for your auto policy is referred to as premiums. They are paid in monthly installments or annually and the insurance company will determine the premium you pay.

Claim

This is a formal request to your insurer asking for payments depending on your policy terms.

If you reside in Plano, TX, and want to learn more about auto insurance, contact Paragon Independent Insurance Agency. We are ready to answer any questions you may have.

Why do companies in Texas need commercial insurance?

The Plano, TX area has been one of the fastest-growing areas of the state for the past decade. Those that are in this area could find it is a great place to start and run a business. If you are going to start a business in this area of the state, you need to insure it as well as you can. A commercial insurance plan could be needed for a few different reasons. 

Coverage Will Protect Business

A reason that you should get a commercial plan for your business in Texas is that it can protect the organization. Insurance for a business protects a business in many ways. One form of coverage you will receive is liability support, which will be helpful if you are ever named liable in an accident. You will also benefit by having insurance protection that will cover your commercial assets if they are damaged or stolen.

Coverage is Required

You should also get a commercial plan because it is a requirement. There are many situations in which a business in this state will need to carry insurance. If your business has taken out a loan or raised outside capital, the investor or lender will likely want you to be fully insured. Further, having insurance could be required for you to provide services to certain commercial clients. 

Business owners that operate out of the Plano, TX area are going to have a lot of opportunities for success. To ensure that your business is covered, getting commercial insurance is important. The team with Paragon Independent Insurance Agency can help any business owner build and maintain a commercial insurance plan. When you call Paragon Independent Insurance Agency, you can learn a lot about your different options to ensure you remain fully covered and protected going forward. 

Types of Home Insurance

Maneuvering insurance can be tricky with the many policies available on the market. Unfortunately, most homeowners in Plano, TX, may not be aware of the different types of home insurance at their disposal, leading to making the wrong choice. Below, Paragon Independent Insurance Agency takes you through the different types of home insurance you need to know about.

Basic Form /HO-1

This policy provides coverage of your home’s structure, including the garage, appliances, and home features such as carpeting. It covers situations like fire, lightning, theft, explosions, and vandalism.

Broad Form/ HO-2

It helps cover your home and personal belongings. Some things covered here include burning or cracking of some household systems, accidental damage from an electrical current, and accidental overflow of water in the house.

Special Form/ HO-3

The HO-3 is a common type of homeowners insurance policy covering your home, personal property, and liability against things like vandalism, lightning strikes, fire and smoke, and theft.

Contents Broad Form/ HO-4

It is also commonly referred to as standard renters’ insurance. It helps protect one’s personal belongings against various perils like hail and windstorms, electrical current damage, and explosions. Some policies cover additional living expenses that can help you in case you have to move out of your home temporarily. The rental unit is not covered here, and the landlord is required to get a separate insurance policy to cover the unit’s structure.

Comprehensive Form/ HO-5

This type of home insurance covers your home, personal belongings, medical payments for other people, and additional living expenses. It is an open-peril policy covering all things not excluded in your policy. Typical exclusions are things like earth movement and intentional loss.

Unit-owners Form/ HO-6

Commonly referred to as condo insurance policy, it helps cover items inside your condo unit. Condo residents are responsible for everything within their walls, while the condo association has a separate insurance policy covering external parts of the building and common grounds.

Mobile Home Form/ HO-7

Covers manufactured or mobile homes like RVs, sectional homes, trailers, and modular homes. The policy provides cover against risks like theft, smoke, and vandalism.

Modified Coverage Form/ HO-8

This type of insurance protects older homes. However, compensation for covered damage is paid in cash. Significant houses like historical landmarks or homes built with methods and materials not common today are included in this type of insurance.

To enjoy the benefits of the different types of home insurance, residents of Plano, TX, can reach out to Paragon Independent Insurance Agency for assistance.

Is It Time to Update Your Auto Insurance?

When you own a vehicle in Plano, TX, you know that maintenance is vital. That’s why you carry out scheduled maintenance as per your manufacturer’s recommendations. To even up your game, you undertake car mods to ensure that your ride remains in tip-top condition. Unfortunately, many motorists shun the idea of upgrading their auto insurance until something unfortunate happens. If you are wondering when it’s a good time to update your auto insurance, stay on as Paragon Independent Insurance Agency shares tips. 

Here are some situations to signal that you need to review your auto insurance:

  • Teen driver: If you would like your teenage son or daughter to drive your car, you need to adjust your auto insurance. Teenagers carry an added risk when driving. As such, you need proper insurance to protect them. To note is that your teen’s academic performance, completing a defensive online course, and installing anti-theft devices affect your auto insurance rate. 
  • Changing vehicle use: If you want to use your personal vehicle to run commercial errands, you need to update your insurance to commercial auto insurance. Otherwise, your insurer won’t compensate you for accidents that occur when carrying out commercial activities using personal auto insurance. 
  • Moving to a different residence: Change of locality affects your auto insurance rate. Depending on how the accident or theft-prone your area is, your insurance rate can either go up or down. 
  • New vehicle: Suppose you have acquired a new car using a car loan. While your financier might allow you to transfer your current auto insurance, you have to upgrade it to your financier’s requirements. Most likely, your financier would want you to add more coverage options. 

As you can see, there are many reasons to review your auto insurance. If you are unsure whether it’s time to update your auto insurance, please talk to the Paragon Independent Insurance Agency of Plano TX, for more information.

Why would a Plano business want commercial insurance?

A Plano, TX business owner will find that the local market and economy is strong and offers a lot of opportunities to be successful. While this can be a great place to run a business, Plano business owners do need to make sure that they are mitigating business risks as well as they can. A great way that this can be done is by getting a full commercial insurance plan. A business will want to have this coverage for a few reasons. 

Coverage Protects Company Assets

One of the reasons that you will want to have commercial insurance is to ensure that your company’s assets are properly covered. A business will have to own a variety of assets to ensure that it can operate and grow. With a commercial insurance plan, you will have coverage for these assets in case they are stolen or damaged in any type of accident.

Coverage Offers Liability Protection

You will also want to have a commercial insurance plan to ensure that you are covered for liability risk. Businesses of all sizes are going to regularly take on commercial liability risk. As a liability claim can threaten the financial viability of a company, mitigating this risk is important. With commercial insurance, you can receive coverage for this risk. 

In the Plano, TX area, a small business can benefit a lot by having proper insurance coverage. As you are looking for a commercial insurance plan here, you will want to ensure that you are properly covered and protected, and working with Paragon Independent Insurance Agency can help. The team with Paragon Independent Insurance Agency will offer you the support you need to ensure you understand all your options and needs so you can pick a new insurance plan. 

Homeowner Insurance F.A.Q

As a Plano, TX, homeowner, you must have a lot of questions about homeowners insurance. This is expected as your home probably your most valuable investment, and losing it can throw you into financial ruin. Having a good insurer like Paragon Independent Insurance Agency will help alleviate most of your worry as they will be thorough about their offers and your options. Here is an insight into the most common homeowners insurance F.A.Qs. 

Does Homeowners Insurance Protect from Damage Caused by an Insured Driver Ramming into Your Home? 

Though you are not the cause of the damage incurred on your home, most insurers will cover this kind of damage. The damage will be listed as a covered peril, and you can expect compensation not long after you file your claim. If the damage extends to your vehicle, you should also contact your auto insurer. They will guide you on what they need to compensate you for the damage to your vehicle. You can sue the driver of the vehicle to get more financial recourse for your loss. 

What Kind of Water Damage Does Homeowners Insurance Cover? 

Water damage to a home is a pretty common occurrence in Plano, TX. This is likely why you are very curious about what kind of water damage is covered under your homeowner’s insurance policy. You should know that a standard homeowners insurance policy does not cover water damage caused by flooding. In insurance circles, flooding is when water from a water body leaks into your home. Most of the other water damage caused by broken pipes and unclosed water faucets will likely be covered. 

Are You Protected from Lightning Damage? 

Your standard home insurance policy offers protection from damage done to your home by lightning. Some insurers like Paragon Independent Insurance Agency will also cover fires caused by lightning and damage to electronics. You want to get an insurer that offers the most comprehensive home protection under their homeowner’s insurance policy.

If you’ve more questions about home insurance in Plano, TX, reach out to us for answers.