What If I Get Hit by an Uninsured/Underinsured Motorists?

Texas is a no-fault state for auto insurance. If you are injured and experience property damage from an accident, you could sue for damages. Chances are, someone who can’t afford insurance won’t have many assets to pay off a lawsuit. That’s where uninsured/underinsured motorist insurance comes into play. Paragon Independent Insurance Agency representatives can answer your questions regarding insurance for your car in Plano, TX. In the meantime, here’s some information regarding Uninsured motorist coverage.

What Is Uninsured/Underinsured Motorist Insurance?

About one in eight drivers doesn’t have auto insurance, according to the Insurance Research Council. Others buy the minimum required by the state they live in. That means they probably won’t be able to pay for damages if they cause an accident. In this scenario, your uninsured/underinsured motorist insurance pays for bodily injury or property damage you experience. 

What Does Uninsured/Underinsured Auto Insurance Cover?

If the driver who hits you has no insurance or you are the victim of a hit-and-run, uninsured motorist coverage kicks in. If the person who hits you is an underinsured driver, their policy limit may not cover the full cost of bodily injuries and property damages. In this case, the underinsured part of the policy covers the difference.

If you already have collision coverage, it also pays for damages caused by an insured driver. However, uninsured motorist coverage usually has a lower deductible. Ask your agent what makes the most sense for your needs.

Contact an agent at Paragon Independent Insurance Agency with your auto insurance questions. We can help you understand all your options, including uninsured/underinsured coverage. You can also make an appointment for a free quote.

How Business Interruption Insurance Can Save Your Business After A Natural Disaster

Did you know that a full one-quarter of companies that are shut down by a catastrophic disaster for more than a month never open their doors again? And, even when they can afford the costs associated with recovering their business, they often can’t regain customers quickly enough after they reopen to remain viable? 

If your organization suffers a temporary shutdown due to a major disaster, a Business Interruption and Extra Expense insurance policy (known also as Business Income insurance) through Paragon Independent Insurance Agency can protect your Plano, TX business from financial losses and expenses. 

What Does Business Interruption Insurance Cover? 

Your business interruption policy can keep your business running by paying: 

  • Income your organization would have made if it hadn’t been damaged 
  • Bills that are due even though you are closed 
  • Expenses related to keeping your business open after a catastrophe, such as having to rent equipment to substitute for equipment that was lost 
  • Costs associated with the use of a temporary location 
  • Recovery-related income deficiencies after you reopen 

You can also opt for comprehensive coverage for loss of utility service, supply chain interruptions, equipment breakdown, and electrical breakdown, to name a few. Your policy can cover business income in the event a dependent property or anchor store closes its doors due to a loss, causing your revenue to suffer. 

Our Goal Is to Help Your Business Keep Its Doors Open 

Paragon Independent Insurance Agency provides Plano, TX business owners with insurance to protect your company from financial problems caused by income losses and recovery expenses. We work with numerous insurance carrier partners to offer a broad range of insurance policies and enhancements to protect your business from financial problems due to lost income and the expenses of recovery. Give us a call today to find out how to protect your business in the event of a disaster.

Things to Consider When Insuring a Home in Texas

Texas is big. Everything in Texas seems bigger. Unfortunately, this also now includes bigger and more severe weather due to climate change. It is a good time to get a home insurance review with your agent at Paragon Independent Insurance Agency, serving Plano, TX and the nearby towns, to make sure you have adequate insurance.

Thunderstorms and Lightning

The rock band Queen’s lyrics in the song Bohemian Rhapsody say that “thunderstorms and lightning, are very, very frightening to me.” It is frightening to have a lightning strike nearby. You may be driving down the highway and see a lightning strike in a field. It may hit a telephone pole or even strike your car. The bright flash is accompanied by a huge deafening boom.

If your home gets a direct hit, the huge surge of power can run through any metal, water, and wiring to reach anywhere inside the home. Electronics, computers, and home appliances can easily be destroyed.

Hail

Hail is ice particles that form at a high altitude. When they become too heavy for the updraft they fall to the earth. What’s a little ice? If hail is the size of a pea, and it is falling at terminal velocity, it is like a bullet. If it is the size of a golf ball, a tennis ball, or a baseball it is like getting hit by cannon fire. 

The other weird thing about hail is that it does not just fall straight down. Depending on the wind direction and the wind speed, it can fly around in almost any direction. It can come down, change direction in the wind, and fly through the windows.

Anything made of glass, such as windows, sliding doors, and skylights, is very vulnerable to hail damage. Larger pieces of hail are capable of smashing through the roof of a house.

High Winds and Tornadoes

Take a look outside. If there are well-established, tall trees they can be uprooted and fall on your house. Your roof may blow off. If the winds are high enough or if a tornado comes, your house may be torn apart or blown away.

Summary

These are just a few of the special things to consider about Texas when thinking about getting a new home insurance policy or for a review of any existing policy. Contact your agent at Paragon Independent Insurance Agency in Plano, TX to get an insurance review and a quote.

Protect Your Plano-Area Business With Comprehensive Commercial Insurance

There are a lot of hats that business owners wear, and we all know how stressful it can be to run a company. That’s why smart Plano, TX area business owners work with the Paragon Independent Insurance Agency. Having a trusted partner that is there to guide you through the commercial insurance process can help to ease your burden while ensuring that you have the coverage your business needs. It is our mission to help the business owners in our community find the right coverage!

Why Comprehensive Commercial Insurance is a Smart Choice

Commercial insurance can provide a lot more protection than just simply protecting your property. There are policies that provide business interruption coverage, protect your injury, and shield you from the liability that comes with slips and falls and other nuisance litigation. A comprehensive policy can help protect your commercial fleet, make sure that your business is protected in the chance that it is taken offline due to a covered event, and a whole lot more. If you feel like your current policy is just covering the basics, it may be time to think about an upgrade. With a comprehensive policy, you will also gain the peace of mind that comes with know that your business is protected! Owning and operating a business takes a lot of blood, sweat, and tears, and it only makes sense to fully protect your hard work and investment with a robust comprehensive commercial policy.

If you are a business owner in the greater Plano, TX area and are looking for an insurance partner, you can rely on the team at the Paragon Independent Insurance Agency for all of your commercial insurance needs! Call us today to schedule a consultation to review your insurance options!

When basic auto insurance is not enough in Plano, TX

In Plano, TX drivers are required to have basic liability insurance. The dollar amount is $30,000 per person with $60,000 total for each accident. The coverage also must include $25,000 for damage to property. This is known as 30/65/25 coverage. For some people, having basic coverage may be just what is needed to protect them but when basic auto insurance is not enough you may want to talk to Paragon Independent Insurance Agency about the other auto insurance options that are available.  

If you have any assets, having basic auto insurance just may not be enough. Basic liability insurance does not offer enough protection if you own a home, condo or just about any other assets. You may want to consider upping the limits and even getting an umbrella policy. If your car has a loan or is relatively new you may want to have some other coverage as well. If you have a car loan, your lender may require that you have more than basic coverage. 

Collision

If your car is damaged and you are at fault then it will fall to you to make the repairs or replace your car if it is beyond repair. If this would be a hardship, collision insurance offers the protection that you need. 

Comprehensive

Comprehensive insurance is non-collision coverage. It includes theft of the vehicle and glass coverage as well as other things that are beyond your control suck as tree limbs falling on your vehicle. 

When basic auto insurance is not enough and you live in or near Plano, TX you are lucky to have the knowledgable agents at the Paragon Independent Insurance Agency to turn to for any information that you need. Why not stop by or give the office a call and get a no-obligation quote for whatever auto insurance that you need. 

Does Home Automation Play a Role in Home Security?

The agents at Paragon Independent Insurance Agency serve residents in Plano, TX and many of the surrounding communities. With more and more of their customers installing home security systems with home automation features, they are able to provide valuable tips on how to use their smart appliances and devices to further protect their homes and families.

Timers for Lights and Appliances

Using timers for lights and appliances means that your home is well-lit when it needs to be. This includes turning on outside security lights and making sure your home looks occupied even when it’s not. It also ensures that you never come home to a dark house.

Manage Your System from Anywhere

When home automation platforms integrate with your home security system, you can control many of the devices in your home through a mobile app on your home. This includes turning on lights as you pull in the drive so you don’t have to walk through a dark kitchen to the light switch. You can also check your locks and make sure your home is secure by watching video cameras. Video doorbell viewers and some of the more advanced camera systems allow you to communicate directly with people in your home or on your porch.

In Plano, TX, you can combine your home security system with a home automation platform for an added level of security. Call the agents of Paragon Independent Insurance Agency today to find out what the advantages are. They can answer all of your questions and discuss all of the options available to you. Schedule a consultation today and find out how you can better protect your home and family.

Choosing The Right Auto Insurance For Your Family

Finding the right auto insurance for you and your family in Plano, TX is of the utmost importance. It goes far beyond meeting the state minimums. Everyone situations are different, which is why you can depend on Paragon Independent Insurance Agency to assist you every step of the way.

Who will be covered?

One of the first things you need to look at is who will be covered on the auto insurance policy. You can save a lot of money by placing all of the drivers on a single policy as opposed to paying for individual policies. If you have teens, regardless of whether they have their own vehicle or not, they are likely going to be driving one of your vehicles. This means that they should be placed on the policy, too, providing them with coverage when they are out on the roads.

Additional Coverage

It’s important to explore the various types of coverage. Although Texas requires you to have minimum liability levels, you may decide to increase the coverage in order to have more protection. This way, you can reduce the likelihood of having to pay out of pocket.

Additionally, you may want to explore some of the other coverage that isn’t required by the state. This includes comprehensive and collision coverage. In the event that you are involved in an accident, you can turn to your insurance to cover everything from a cracked windshield to a hit-and-run. Rental car coverage, uninsured motorist coverage, and more can be added to your policy as well. This way, the only thing you would have to pay would be the insurance premium – and even that is an amount that you can control when you buy a policy.

Let us help you find the right auto insurance for you in Plano, TX. Contact us at Paragon Independent Insurance Agency today to get personalized assistance.

Will a Home Security System Lower My Home Insurance Premium?

A home insurance company wants to know that you’re doing everything you possibly can to take care of your property, which is why many will offer some type of discount according to the level of protection you have for your home. Each insurance carrier has their own ideas about how much of a discount each client should be given and why. However, if you live in Plano, TX, Paragon Independent Insurance Agency can give you the basics if you’re looking for a way to control how much you pay every month. 

Intruder Alarm Systems

When it comes to burglaries, some homes are statistically more likely to be broken into than others. And yet, it’s always a good idea for people to have some degree of security on their property system. Some people take their own precautions, like installing motion sensor lights in the darker corners of their backyard. A home insurance company will want to see that you’ve taken a strong interest in keeping your property safe, so it may make sense to spring for a wired alarm system connected to a private security company (who doesn’t have to compete with the police if something does go wrong). 

Disaster Sensors 

Smart smoke alarms, carbon monoxide detectors, water sensors: there are plenty of devices a homeowner can purchase for a home in Plano, TX that will help them prevent serious damage in the case of a disaster. This technology can alert a homeowner immediately of danger on their smartphone or tablet, making it more likely help will arrive in time. If you want to learn how to make your home safer and potentially bring down your premium, call Paragon Independent Insurance Agency today. We’ll give you all the facts if you’re in the market for a security system.

Commercial Insurance: What it will and won’t cover

A commercial insurance plan is generally going to cover your Plano, TX business on three fronts: Property, liability and workers’ compensation.

Liability is the big one. A business, even a small business, is at special risk for litigation resulting from injuries and damages sustained on the business’s property, or sustained in relation to a business’s product or service. The cost of a lawsuit can sink a thriving business, so liability is going to be the backbone of your insurance plan.

Property insurance works like your homeowners policy: If your property suffers damage resulting from natural disaster, break-in, vandalism and etcetera, property insurance will cover it. Like your homeowners policy, it might not cover flooding, so you’ll want to read your plan over thoroughly to make sure that you know what is and isn’t covered on your basic property policy.

Workers’ compensation will keep your employees covered in the event of injury or circumstance leaving them unable to show up for work. It is not a legal requirement in Plano, TX, but can be a tie-breaker between two employers if you’re trying to recruit the best people for your company. Property and liability provide you with peace of mind, workers’ compensation provides your employees with peace of mind.

Anything you don’t see covered above, a basic commercial plan probably isn’t going to cover. This should be enough for most companies, but different industries have different insurance needs, so you may want to consider buying additional insurance to supplement your commercial plan and ensure complete coverage.

If you’re still shopping around for a great plan, or you want to see if someone can outdo your current provider, get in touch with Paragon Independent Insurance Agency and let’s see what we can do for you.

Does my small business need commercial insurance

As a small business owner in Plano, TX, you have many things to worry about. One of them doesn’t need to be whether or not your small business needs commercial insurance. As a small business owner, you may feel that you are alone with your concerns but in 2012,  98.2% of businesses in Texas were classified as small businesses by the Small Business administration, so you have lots of company. With the knowledgeable staff at Paragon Independent Insurance Agency waiting to help you, any questions you have can be quickly and easily answered.  

Before you know if you need commercial insurance you need to know a few of the things that it can protect you from. 

Worker’s Compensation

Texas law does not require business owners to carry worker’s compensation insurance however, many employers find that it makes finding and retaining employees easier if they know they are protected.  

Employment practices liability insurance

When you have employees there is the possibility that you end up being sued by a former employee for harassment or wrongful termination. Having insurance that can pay for legal expenses or any judgment against you can be a lifesaver. 

General liability

Things happen and if someone is hurt on your premises or by one of your products, this coverage provides liability protection. 

Building coverage

 In the event that your building location is damaged this coverage will help you to get the damage repaired. 

Business interruption

If the unthinkable happens and your business is so damaged that you can’t operate for a time, this coverage will get you through with income for yourself so that the bills can get paid. 

If any of this sounds good to you as a small business owner in Plano, TX, Paragon Independent Insurance Agency has the experience to help you make an informed decision.  Visit our website, give us a call or stop by for a no-obligation quote.