What type of auto insurance is required to legally drive in Texas?

People who wish to drive in the state of Texas are required to carry insurance. As with most states, all drivers are required to carry a minimum level of insurance that meets the Texas state minimum requirement. Plano, TX residents can entrust their insurance needs to Paragon Independent Insurance Agency. Our agents understand what’s required to drive in Texas. Liability insurance provides protection for all Texans who navigate the roads and freeways of Texas. 

Texas State Minimums

All Texas drivers are required to carry liability insurance. They must carry $30K in bodily injury insurance per person and $60K in bodily injury coverage per accident. Texas drivers are also required $25K in property damage coverage per accident. All Texas drivers are required to maintain liability insurance that meets at least these minimums. This liability insurance is also called  30/60/25 coverage. However, drivers can carry liability insurance at higher levels if they choose. One of our agents can help you to determine the best coverage levels for your specific situation. However, the above-listed minimum requirements must be met by all drivers. However, we encourage Texas drivers to ask questions if they are unclear about any of the insurance requirements that must be met to drive in Texas. 

Other Considerations

Texas drivers can also choose to carry uninsured motorist coverage and underinsured motorist coverage. However, it’s not required. Texas motorists can also carry collision and/or comprehensive coverage as well. Our team at Paragon Independent Insurance Agency can answer any questions that our Plano, TX customers have about what’s required to legally drive in Texas. Please give us a call. One of our licensed and experienced insurance agents is standing by to answer your questions. 

Commercial Insurance Requirements in Texas

In Texas, there are few requirements for commercial insurance on Texas businesses. However, there are many types of commercial insurance that could be helpful for your business, even if they aren’t required. If you have questions about commercial insurance in Texas, give us a call today at Paragon Independent Insurance Agency in Plano, TX. 

Commercial Auto Insurance

The one required type of commercial insurance in the state is commercial auto coverage for any car that your business owns. This coverage has to meet the state standards, having two different types of auto coverage in one policy. In addition to those, there are many optional types of auto coverage that are often recommended for vehicles in the state. These can be extremely helpful in the event of an accident.

The required portion of your commercial auto policy must include bodily injury liability insurance to cover other parties who are injured when your vehicle causes an accident. This requires at least one set amount for one person who is injured and another minimum amount for everyone who has injuries from the accident. It is also required that you have property damage liability. This pays for the damage to someone else’s property in the accident but not yours. If you want to have your vehicle covered in case it causes an accident, you need collision coverage, though this type isn’t required. 

Workers’ Comp

Workers’ compensation is required for businesses in most states, but in Texas, it is only required when you contract with the government. Otherwise, it is highly encouraged but not required. Workers’ compensation insurance pays for the medical bills and lost wages for your employees who get injured at work.

Commercial Insurance in Texas

If you need insurance for your business, contact us at Paragon Independent Insurance Agency in Plano, TX.

Home Insurance Explained

Your home is one of the most important things you will ever own, and, with that, one of the most expensive assets you have to protect. For that reason, you should regularly review your current home insurance to make sure you are still happy with the policies and coverage. 

If you want to review home insurance right away or you are a first-time homeowner, Paragon Independent Insurance Agency in Plano, TX is here to help. 

What home insurance can cover

Home insurance policies can vary, but we list some options below that you should want to consider in terms of home insurance:

A type of liability insurance

Liability insurance is important, even if you are a renter. Liability insurance covers you in the case that you or someone in your household harms someone who steps inside your home, even in the case of an accident or if your pet is the one who harms someone. This also counts if they damage a valuable item they bring into your home, depending on the situation. 

Disaster coverage

If you live in an area at risk of fires, storms, or flooding (or even worse, all three), make sure you check that your home insurance covers any damage done to your property. This damage can cause significant financial hardship and should be included in your policy where required. 

If you want to take a look at your home insurance options as soon as possible, give our agents at Paragon Independent Insurance Agency in Plano TX a call. You can also ask for a quote via our website and we can contact you after to discuss these quotes further. 

7 Terms You Should Know When You’re About to Get Auto Insurance

Your auto insurance has many terms that you may have heard before but are uncertain what they mean. It is important to be able to know what is in your insurance policy to get the most from it.

The agents at Paragon Independent Insurance Agency of the Plano, TX area are ready to help you make sense of your auto insurance coverage.

Key Auto Insurance Terms

Here are some key auto insurance terms often used.

  • Bodily Injury Liability Coverage – When you are legally at fault for injuring other drivers and pedestrians, this part of an auto insurance policy covers you. Medical expenses and legal costs if you are sued are part of this type of insurance. 
  • Actual Cash Value – When an item is damaged or stolen, the amount paid in a claim is the actual cash value at the time of the incident. 
  • Collision Coverage – This type of insurance pays for damages to your vehicle caused by impacting a stationary object or another vehicle. 
  • Comprehensive Coverage – Fire, hail damage, windstorms and other damages fall under comprehensive coverage.
  • Deductible – This is the amount you as an insured party must pay out of pocket before an insurance company will pay on a claim.
  • Extended Coverage – Certain risks not covered under a basic policy can be included with an added endorsement.
  • Fair Market Value – A reasonable agreed to value of a vehicle or item between buyers and sellers based on current market prices.

Professional Auto Insurance in Texas

Contact us at Paragon Independent Insurance Agency of Plano, TX to find out how we can help you get quality auto insurance at affordable pricing. One of our agents is ready to speak with you today.

Who Should Get Commercial Insurance?

If you live in Plano, TX area, becoming a business owner is a great career path. Starting your own business will help you to achieve your financial freedom and contribute to the local economy of the state.  However, regardless of the type of business you decide to start, it is important to have proper protection with the help of commercial insurance. Paragon Independent Insurance Agency prepared a list of those, who will benefit from commercial insurance: 

Business Owners Purchasing Expensive Assets

If you are planning to purchase important and expensive assets for your business, you definitely need commercial insurance. For example, if you are buying equipment to operate your business, you need to make sure that it will be repaired or replaced if it is stolen or broken. This is one of the main reasons why business owners decide to get business insurance. 

Business Owners Who Want to Protect Their Financial Future

Another reason why entrepreneurs purchase commercial insurance is the protection of the future of their company. If you decide to purchase a commercial insurance policy, it will help you protect your business assets and mitigate liability claim risk. Moreover, it also helps keep your business solvent if something happens and you incur a loss. 

Business Owners Who Hire Employees

One of the main purposes of commercial insurance is to protect employees who you hire. This type of coverage is called workers’ compensation. Even though it is not obligatory in the state of Texas, it is still recommended to get it as it provides financial compensation to employees if they get injured on the job. 

Paragon Independent Insurance Agency  – Your Insurance Agency For Protection of Your Business

If you decide to run a business in Plano, TX or any other nearby town, you should consider buying commercial insurance. Paragon Independent Insurance Agency is ready to help with that – our experienced and knowledgeable insurance agents will help you find the perfect policy addressing your personal commercial needs. Feel free to visit our website or give us a call – we are always here for you. 

Is Home Insurance a Worthwhile Investment?

If your home is your most precious asset, then home insurance is a worthwhile investment. A home is where you’ve spent almost, if not all, your savings. You even get to spend most of the best and memorable moments in your home. Yes, you do many things to protect your home and possessions from any loss or damages. But unfortunately, mishaps do happen, and you can do little about some risks that can cause potential damage to your home. And that’s where home insurance from Paragon Independent Insurance Agency comes in handy.

Home insurance will help you protect your investment and yourself in a variety of ways. Whether it’s a new home you are buying, or you’ve paid off the mortgage, home insurance is a must-have. Here are the reasons why home insurance is a worthwhile investment. 

It protects your assets

Your home insurance will not only cover your home structure but your assets, such as clothes, furniture, electronics, and ornaments, which don’t come cheap. A peril like fire can wipe away all your investment within a blink of an eye. However, with home insurance, the insurer will replace the loss, lessening your financial burden.

It offers liability protection 

Home insurance policy offers protection against accidental damages caused within your property to a third party. Think of how much you would spend if you got sued for damages caused or the medical bills. That’s why you need home insurance to cover such expenses.

It compensates for temporary living expenses

Imagine your home is damaged to an extent it is deemed uninhabitable. How inconvenient. But with a home insurance policy that provides additional living expenses, your headache is solved. The insurance puts you in a temporary place until the home is rebuilt or repaired.

Home insurance in Plano, TX 

Nothing beats the peace of mind that comes with having a safety net in place in case of an unfortunate event. Let home insurance be your safety net. Ready to purchase your home insurance in Plano, TX, and its environs? Please contact Paragon Independent Insurance Agency for an affordable quote.

Is Auto Insurance a Must in Texas?

Thousands of Americans get killed on the roads in auto accidents annually, and tens of thousands get injured. At Paragon Independent Insurance Agency located in Plano, TX we want you to stay safe and be guarded when accidents happen. Procuring outstanding insurance coverage from a reputable insurer is a requirement to register your car and to get a license to allow you to drive your car in Texas.

Is auto insurance a must in Texas?

 Auto insurance is mandatory in Texas. Texas requires all motorists to carry minimum liability requirements on their auto insurance policy. These liability minimums include bodily injury and property damage. The advocated auto insurance minimums by the state of Texas may not be sufficient to offer formidable cover for you and your car. It’s a wise decision to consider other available optional coverages in Plano, TX. They include:

Collision coverage: It pays for repairing or replacing your car when physical damage results from a collision with another or any other stationary object. It can also safeguard your vehicle from damage resulting from driving over potholes.

Comprehensive coverage: This is non-collision coverage that will compensate for repairs or replacement of your car when physical damage arises from imminent perils such as contact with an animal, fire, and theft, subject to your deductible.

Underinsured or uninsured motorist coverage: It assists you, your family member, or your designated driver if you are hit by another motorist who is inadequately covered or they don’t have coverage at all.

Medical payments coverage: This type of coverage reimburses costs for medical expenses accrued after seeking services like surgery, X-rays, and drugs after an accident.  

Are you a driver in Plano, TX in need of a good auto insurance policy? Please call or visit our Paragon Independent Insurance Agency for detailed information about auto insurance coverage.

What types of businesses must legally carry insurance?

What types of businesses must legally carry insurance?

The state of Texas differentiates itself in numerous ways, including how it handles business insurance requirements. While most states require commercial insurance for many types of businesses, Texas loosens those rules. Paragon Independent Insurance Agency wants Plano, TX business owners to understand the few policy types that TX law requires.

Complex Commercial Auto Requirements

Every business must carry commercial auto insurance on each of its vehicles. Whether your business owns one vehicle or a fleet of 100, each vehicle must carry insurance before you can use it. Just as with personal auto insurance, the state sets minimum amounts. Unlike most states, Texas varies the amount required, not by business type, but by vehicle weight.

If you drive a vehicle of less the 26,000 pounds, you must purchase commercial auto insurance in the following amounts:

  • Bodily injury per person in the amount of $30,000,
  • Bodily injury per accident in the amount of $60,000,
  • Property damage per accident in the amount of $25,000.

If your vehicle weighs 26,000 pounds or more, you must purchase at least $500,000 in liability insurance. For foreign businesses operating in the US, that increases to at least $750,000 in liability insurance.

Farming vehicles weighing 48,000 pounds or more require an insurance policy of at least $500,000 of continuous liability coverage.

Buses also carry varied minimum requirements. Rather than going by weight, buses use a capacity measure. Buses with a passenger capacity between 15 and 26 persons, not counting the driver, must carry liability coverage of $500,000, while buses with a passenger capacity of 26 or more persons, not counting the driver, must carry liability coverage of $5 million. Foreign businesses operating buses traveling to or operating inside the US have higher minimum requirements. Those buses capable of carrying a passenger capacity of 15 or fewer must carry insurance of $1.5 million, while those capable of a passenger capacity of 16 or more persons must carry liability coverage of at least $5 million.

Workers’ Compensation Requirements

Construction firms and motor carrier business owners must carry workers’ compensation insurance. No other type of business in the state of Texas must legally carry workers’ compensation policies, although it certainly makes a good idea to buy one anyway.

Malpractice Insurance

In Texas, doctors aren’t legally required to carry malpractice insurance, nor are attorneys. Hospitals, however, can mandate that a doctor or other medical practitioner purchase malpractice insurance before being allowed to practice medicine at its facility.

Contact Paragon Independent Insurance Agency serving Plano, TX to learn more about the commercial coverage your business must carry to comply with Texas law. Call us today!

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.