Tips When Shopping for Auto Insurance in Plano, TX

Whether you are buying car insurance for the first time or a seasoned car owner, you can always learn something about car insurance to ensure you don’t get a raw deal. At Paragon Independent Insurance Agency in Plano, TX, we have years of experience in car insurance, and here are tips you can rely upon before heading to the market:

Understand auto insurance coverages

To get a policy that satisfies your current needs, you need to learn about different coverage options. We are not saying you know all the options, but at least you know about the common ones. Understanding the different coverages ensures you buy only those that you need.

Do your research

Don’t rely on everything you hear — there are several myths surrounding car insurance, and they can easily cloud your judgment when shopping for a policy. Having the correct information helps you make an informed decision.

Make comparisons

Don’t always settle for the first quote you bump into. Compare quotes from several insurance companies. Price shouldn’t be the only decider. Compare the insurance features of different companies. And the good thing is you don’t have to do this all by yourself. Engage an independent insurance agent to give you quotes from various insurers.

Partner with a reputable insurance agent

When purchasing auto insurance, go for an independent and trusted insurance agent. Sometimes, figuring things out by yourself can be challenging, so you need someone to walk with you. A good insurance agent acts as your financial advisor, so don’t settle for one that isn’t up to the task.

Need to learn more about auto insurance in Plano, TX? Please get in touch with Paragon Independent Insurance Agency. We will analyze your insurance needs and recommend a car insurance policy that meets your budget and other needs.

4 Common Risks Not Covered by Standard Home Insurance Policy

The standard home insurance policy from Paragon Independent Insurance Agency covers you against multiple risks, but it has exclusions. It’s always a good idea to familiarize yourself with home insurance exclusions to avoid frustrations when filing a claim. Here are common risks not covered by your basic home insurance policy in Plano, TX.

Floods

Floods are ubiquitous in Texas, but home insurance doesn’t cover flooding. However, this doesn’t mean you can’t protect your home against floods. You can purchase stand-alone flood insurance from the National Flood Insurance Program (NFIP) or private carriers. Flood insurance covers your building structure and its contents when floods strike.

Earthquakes

Your basic home insurance policy doesn’t cover earthquakes, landslides, and other earth movements. Like floods, you can protect your home against these risks by purchasing an earthquake insurance add-on.

Sewer backup

If your sewer lines malfunction because of wear and tear, blockage, or any other cause, your home insurance won’t cover the resultant damage from internal flooding. Fortunately, you can purchase a sewer backup add-on to protect your home.

Normal wear and tear

If your home‘s paint has started chipping away, don’t run to your insurer because this isn’t likely to be covered. You should take care of your home to avoid wear and tear.

Pet and mold infestation

You should keep your home free from pests and mold like wear and tear. Otherwise, any damage from these risks isn’t likely to be covered by home insurance. Luckily, keeping your home dry and using an exterminator can help keep pests and mold away from your home.

Not sure what’s covered and not covered by your home insurance policy? Always refer to your policy document. And if still not sure, please get in touch with Paragon Independent Insurance Agency in Plano, TX for clarification.

Does Home Insurance Cover Flooding?

Flood insurance provides a financial backstop should flooding damage your property. You can purchase it as an add-on or a standalone policy. The insurance also covers the cost of hiring a contractor to remove water from your home. You will want to consider your home’s value, the extent of the damage, the coverage you desire, and the agent you choose to work with. 

How Does Flood Insurance Work?

Flood insurance is insurance coverage that protects people and property from floods. While most homeowners do not need flood insurance, people who live in areas prone to flooding are encouraged to purchase it. Homeowners who choose to buy flood insurance will likely have it apply to the property rather than the coverage within their policy. 

When Is Flood Insurance Necessary?

As with most homeowner’s insurance questions, the answer to this question depends on your situation. For many people, the decision to purchase flood insurance is related to paying for it in the future. While this is not the case for everyone, it is something to consider if you decide to buy flood insurance. If you choose to buy the insurance, you will likely want to know the approximate cost of protection and if that coverage would cover your house. 

Buying Flood Insurance 

Many people are surprised to learn that flood insurance is a regulated business. You can purchase flood insurance from multiple sources, including private insurers, state agencies, and local governments. It is important to remember that even with flood insurance, you are still responsible for paying for any damage caused by the flood. 

How to Access and Use Your Home Insurance Policy

Once you’ve purchased your home insurance, it’s time to access and use your policy. First, you’ll need to subscribe to a homeowners insurance plan. Next, you’ll need to visit a broker or go to a local insurance agency to purchase a policy. Once you have the policy, you’ll need to go through the access process to ensure the policy is correct and all the needed information is present. 

Wrapping Up 

Home insurance is a crucial part of every home’s protection system. Some home insurance policies provide an enhanced value option that will provide additional protection for your home against certain types of damages. While flooding is not an everyday occurrence, it does happen. If you are responsible for building and maintaining your home, it is essential to have a plan to protect it against flooding. For help, call Paragon Independent Insurance Agency in Plano, TX.

What Types Of Risks Does Commercial Insurance Cover?

Commercial insurance protects an insured company against losses when it comes to claims made by the insured company’s customers. The type of risk covered can range from liability to unpaid medical bills. Before purchases, you should determine whether an insurance policy covers your business. 

Commercial Liability Insurance 

Liability coverage helps protect you and your business against the financial losses associated with covered claims. Unlike other forms of insurance, liability coverage is not intended to provide a financial cushion against claims. It covers you against any potential lawsuits brought against you by your clients or customers. This includes anything from personal injury to property damage. For help, contact Paragon Independent Insurance Agency. 

Business Critical Illness Insurance 

When one of your employees contracts a serious illness, you might be worried about what will happen to your company if your employee needs to leave work early or cannot work. In these cases, you may consider adding "critical illness" or "serious illness" insurance to your health plan. It can also help you avoid the costs of an employee’s disability. 

Business Owners Insurance 

When starting a business, you may not have the financial stability of having a long-term, stable company. An insurance policy provides financial protection in a business’s financial loss. An asset protection plan can help reduce the risk of theft or fire while still protecting against an illness or an event that causes you to lose your job. A liability protection plan can help protect you against lawsuits, expenses, and other types of risk.

If you run a small shop, you likely have less risk than somebody who runs a multi-billion-dollar company. However, it’s still essential to have protection. Whether you’re doing business with a single customer or have thousands of customers across the globe, having insurance covering your assets and liabilities can make a huge difference. 

Summing up 

Commercial insurance provides cover against the cost of claims and covers your business against unforeseen expenses. You may want to consider increasing commercial insurance cover if you have a large liability risk or many employees. You should consider the likely cost of a claim and the amount of risk a business may face. Always shop for the best deal with help from Paragon Independent Insurance Agency in Plano, TX.

How often should you replace your roof?

Plano, TX area residents can turn to Paragon Independent Insurance Agency when they have any insurance-related questions. When it comes to being a responsible homeowner, taking care of your roof is job one! If you have any questions about how often you should replace your roof for your insurance, call us today.

Get the answers to your questions today!

Answering your insurance questions can almost always feel like an "it depends" scenario. There isn’t often a proper answer to general questions with all of the different available insurance policies. Fortunately, the answers to most insurance-related questions are within the policy itself.

It used to be that a roof needed to be replaced between 10 and 20 years unless it was damaged. Now, with the modern materials used for roofing, it is not unusual for a roof to last as long as the homeowner lives! This is especially true for anyone who has opted for a metal or tile roof.

One rule of thumb to go by is the manufacturer’s warranty. Or, if you want to make sure that you are protected when it comes to the expense and liability of replacing an old roof, you can go by the timeframe outlined in your homeowner’s policy. Using this schedule should ensure that you will have the protection you need if anything should go wrong with your home’s roof. 

We are here to help you with all of your insurance needs!

If you are a resident in the greater Plano, TX area, it’s time to get to know the team at Paragon Independent Insurance Agency. We are here to answer all of your insurance-related questions. Give us a call or stop by today!

How much liability coverage is enough when it comes to auto insurance?

Plano, TX area residents can count on Paragon Independent Insurance Agency for their auto insurance needs. If it’s time for you to upgrade your current policy or you are in the process of acquiring a new vehicle, we can help. Our staff is here to answer all of your questions and help you get the protection you need.

Make sure you have the liability protection you need

Some people say that there is never enough when it comes to liability protection! If you want to protect your personal assets, giving your auto policy a yearly review makes sense. If you are involved in an accident that causes property loss or damage or results in serious medical injury, you do not want to be financially responsible for any liability.

With a robust amount of liability coverage, you can protect yourself from financial obligation if you are found responsible for damages. This coverage will help to defray any costs associated with a covered event, including lawsuits or other financial settlements. While every auto policy can be different, having comprehensive liability protection can protect you from several different types of loss.

Your local insurance agent can help you calculate the appropriate amount of liability protection for you and your family. Don’t let one bad accident wipe out your many years of hard work. Choosing a policy that provides the liability coverage you need can help protect your future. 

Give us a call today!

Paragon Independent Insurance Agency is here to help the greater Plano, TX area with all of its insurance needs. If you want to learn more about liability coverage and how it can help protect you, give us a call or come by our office today.

What to do if your car breaks down

If you live in the greater Plano, TX area, you can rely on the team here at Paragon Independent Insurance Agency. Having the right auto insurance can help you get through any mishaps or accidents with a little less stress. Count on us for all of your insurance needs.

Your car has broken down on the side of the road, now what?

There’s nothing worse than having car problems, especially when they happen when you are out on the road. The most important thing to remember if you have a breakdown is to get to safety! Your safety comes first.

  • If at all possible, move yourself and your vehicle out of the road and relocate to as safe a spot as possible. 
  • Once you are out of harm’s way, call for help. Your auto policy may even provide roadside assistance as part of your policy.
  • Utilize any emergency equipment that you may keep in your car. Flares or other indicators can help other motorists avoid your car and help to keep you safer.
  • Sit tight and wait for help to arrive. Don’t try to walk across a busy road or highway seeking help. Once you have notified your roadside assistance provider of your location and needs, just remain in your car or another safe spot.

No one wants to deal with auto problems. And while they may be frustrating, if you experience a similar situation, it’s important to always put your safety and wellbeing first. 

Call or stop by today!

Plano, TX area residents count on Paragon Independent Insurance Agency for all of their insurance needs. If you would like to learn more about the auto insurance policy options that are available in our area, call or stop by our office today.

Protect your small business with a comprehensive commercial policy

Paragon Independent Insurance Agency is proud to work with the small business owners in the greater Plano, TX area. We strive to help our commercial clients secure the right insurance to meet their needs. If you want to make sure that your small business has the protection it needs, give us a call today.

Benefits of comprehensive commercial insurance for small businesses

Small businesses have different insurance needs and requirements than their corporate counterparts. If you own a small business, you know just how hard it can be to keep profit levels growing. When a catastrophe occurs that knocks your business offline, even for a short period of time, the effects can be disastrous. 

However, when you have a comprehensive commercial insurance plan in place, it becomes easier to bounce back from any disruption, no matter how large or small. Everyone understands how much hard work and dedication it takes to keep a small business afloat. To have a small business succeed and prosper is even more of a challenge.

Because all businesses need to grow to survive, it is even more important to protect all of your hard work. While the future may not always turn out as expected or hoped, planning for some eventualities can make the difference between continuing on and having to close up shop. Make sure that you have the comprehensive commercial insurance that you need!

Find out more about your commercial insurance options today!

Plano, TX area small business owners can count on Paragon Independent Insurance Agency as their commercial insurance partner. We are proud to work with our local small businesses and provide them with the insurance protection they need. If you would like to find out more, give our office a call today!

Required Commercial Insurance in Texas

If you own a business in Texas, it’s always best to have the commercial insurance you need to protect your business against a number of risks. For most businesses, there is just one type of required commercial insurance in Texas, but there are many more that you should consider in order to be better protected. If you need commercial insurance, contact us today at Paragon Independent Insurance Agency in Plano, TX to find out more. 

Commercial Auto Coverage

This type of insurance is required for all vehicles that are owned by a business in Texas. This coverage provides two different types of coverage and three amounts of that coverage. One is for a specific minimum amount for bodily injury liability when one person is injured in an accident caused by your vehicle. Another is a set minimum amount for everyone who is injured in such an accident. Both of these coverage amounts are for injuries to third parties- not to anyone in your company’s vehicle. In addition, it is also required to have a specific minimum amount of property damage liability. This pays for damages to someone else’s property, such as to a vehicle, in an accident caused by your vehicle. 

Workers’ Compensation 

This type of commercial insurance is only required for businesses that have contracts with government entities, but not for other companies. However, it’s smart to get this type of coverage for your business. It protects you in case you have an employee who becomes injured at the worksite. It pays for their medical bills and other expenses that stem from the injury. Without this coverage, you are likely to be sued by an injured employee. 

Get Your Commercial Insurance

If your business needs commercial insurance, give us a call now at Paragon Independent Insurance Agency in Plano, TX.

How Home Insurance Works

When you are a homeowner, it’s always important to have a home insurance policy in place. These are generally required by mortgage lenders, but even when they aren’t, it’s a good idea to have one on your home. It protects you against a wide range of calamities, disasters and accidents. If you don’t have the home insurance you need, give us a call at Paragon Independent Insurance Agency in Plano, TX.

Protection for the House

The house itself needs to be protected, as it is likely your largest investment. If something serious were to happen to it, it can be prohibitively expensive to try to repair it with your own funds. Homes can sustain damage in a wide range of incidents, and your home insurance is there to pay for damage that is done by a covered incident. Your policy can even pay to rebuild your house if that becomes necessary. 

Protection for Your Possessions

Your possessions in your home are also expensive, especially when you add up the value of all of it. If a serious incident did occur and damaged or destroyed your belongings, it may be impossible to pay for everything to be repaired and replaced if you had to pay for it all yourself. That’s why having home insurance is so critical. It can pay for all of those items so that you don’t have to start over with nothing. This coverage can become necessary because of a wide range of accidents, disasters and other incidents. 

Get Your Home Protected

There are several ways that a home insurance policy protects you and your home, and all of them are important to have to protect your financial future. If you own a home and need to get a home insurance policy for it, call us at Paragon Independent Insurance Agency in Plano, TX.