3 Reasons to File an Auto Insurance Claim

Filing an auto insurance claim in Plano, TX can be confusing, especially if you don’t know very much about your policy. Paragon Independent Insurance Agency is here to provide you with a few common scenarios so you have an idea of when it’s appropriate to go through with the process. 

1. When Another Party Is Involved 

If you drive your car into a brick wall and you only damage your car, you might not file a car insurance claim if you have liability only. However, as soon as the collision involves someone else, you should file a claim with your insurance carrier. Even if the accident was minor, the repairs may end up being a bigger deal than you realize. 

2. If Someone Was Injured 

Similar to the above, if someone was injured during the accident, it’s vital to file a claim. It’s even more important to keep as many details as possible about the accident on hand. From written descriptions to photos, the more information, the easier it will be to determine the outcome of the situation. 

3. When Your Car Is Stolen 

Every policy differs, but theft is generally covered for most policies. If your car has been taken, you should file a claim with your insurance company alongside a police report in Plano, TX. You should consider getting a GPS tracker for your car to make it easier to track it down in the case it’s taken. 

Paragon Independent Insurance Agency knows that policies aren’t always clear based on the language in your contract. If you have questions about when it’s appropriate to file a claim and what your policy covers, give us a call today to start the conversation before something happens instead of after. 

What are the benefits of getting home insurance in Texas?

The Plano, TX area is a very popular area for people to move to. This area is located near the city of Dallas and offers a lot of opportunities, which also makes it a great housing market. If you are going to purchase a home here, you do need to make sure that you are covering and protecting it as well as possible. One great way that you can do this is by getting a home insurance policy as it offers a range of benefits to policyholders. 

Gives Valuable Insurance Protection

One reason that you should get this insurance is that it can give you great protection. Home insurance has a variety of benefits including protection for your dwelling, coverage for your personal assets, and even liability protection. All of these could help to protect you and your investment in your home.

Ensures Compliance

You should also get a home insurance policy because it can help to ensure you remain in compliance with a variety of agreements. Anyone that lives in a home association or has taken out a mortgage will have home insurance obligations. Getting into a policy will help to ensure you meet these requirements. 

There are many reasons that someone in the Plano, TX area will want to get a home insurance policy. While there are a lot of benefits that come with this form of insurance, picking the right policy can seem confusing and challenging. When you are looking to get a home insurance policy here, it could be a great option to call the team at Paragon Independent Insurance Agency. The insurance team at Paragon Independent Insurance Agency can help you assess your home insurance needs and get you into the right policy for your situation.

What does Commercial insurance in Piano TX entail?

In the heart of Plano, TX is Paragon Independent Insurance Agency whose aim is to provide quality commercial insurance services to all its members. We give our members confidence in business prosperity, by proving competent protection through our insurance company. Under commercial insurance, we cover the areas sampled below:

Property Damage Cover.

We value our members’ business property at Paragon Independent Insurance Agency. Under property damage’ we cover your business in various critical situations such as:

  • Theft.
  • Accidents in business premises such as a fire outbreak and collapsing of your business building.

If you have not yet purchased the insurance cover, we are confident in providing business protection for you at our insurance company in Plano, TX.

Umbrella Insurance.

In every situation in your business life, it’s wise for you to have a backup plan in all your investments. Umbrella insurance is a service that we offer our members away from their commercial insurance. Umbrella insurance is meant to back your business up.in a case where the level of damage exceeds the policy you have purchased, umbrella insurance covers the extra cost.

Umbrella insurance under commercial insurance in Plano, TX gives you the certainty that you may not incur losses in your business life. A business life with no or few losses is a successful business.

 Overall business liability cover.

As a business person, you should always consider your customers’ and employees’ safety and insurance cover. On purchasing the commercial insurance in Plano, TX, it’s important to purchase the general liability cover. This is meant to cover your employees and customers in many ways such as:

  • Body injuries in the business premises.
  • Accidents during working hours.

As soon as you purchase this policy in Paragon Independent Insurance Agency, you psyche your employees and they find it very easy to work in the business hence your business grows. For more information and queries please call us at (972) 867-9797.

Do Any States Require Comprehensive & Collision Auto Insurance?

If you live in Plano, TX, your state does not require you to carry any auto insurance besides liability protection. And this applies pretty much wherever you live, except for New Hampshire, where you are free to drive without insurance (though you do need to be able to pay for liability costs should you cause an accident). There are also a few states like Mississippi where you can skip insurance if you are willing to pay a fee to the government. This fee is usually more expensive than insurance, so insurance is effectively mandatory in these states anyway.

The states vary on how much insurance you are required to carry, but none of them require that you carry comprehensive and collision. This is because comprehensive and collision are an investment into your own property. We are required to carry insurance so that other drivers are covered for any damages that we cause. When it comes to our own damages, we’re free to use our own judgment.

Skipping comprehensive and collision isn’t a great idea, of course. But the only entities that can require that you carry it are lenders for car loans, cosigners, and other people or companies with whom you have entered a contract. In which case you are contractually obligated to carry insurance, but not by state law, and the matter would be handled in civil courts if you were to skip out on your insurance payments.

If you are still looking for an insurer to cover you in Plano, TX, get in touch with Paragon Independent Insurance Agency, and let’s see what we can do for you. You can call us or contact us through the Paragon Independent Insurance Agency website.

What types of commercial insurance is available for your Texas business

If you own a business in the Lone Star State of Texas, you will want to obtain commercial business insurance. One of the requirements in Texas is for owners of private or public businesses to obtain a workers’ compensation insurance policy. This will cover all of your employees in the event they are injured on the job or become ill because of doing their job.

You must have a commercial auto insurance policy in place to cover all vehicles used for your business and owned by your business. You must have the minimum amount of liability auto insurance under Texas law which is $25, 000 per person, $50,000 per accident, and $15,000 for property damage caused by an accident involving one of your business’ vehicles.

You will also want to have general liability insurance in place which will protect you and your business if someone claims they were injured while visiting your business or due to a product or produce or sell. This policy will cover the injured person’s medical bills associated with the mishap and damage to their property. It can also cover a dissatisfied customer who files a lawsuit.

You will also want to include in your commercial insurance policy insurance for fire, theft, vandalism, and damages to your business from a natural disaster, such as a tornado or hurricane. Your livelihood depends on your business being able to function and if there is business disruption, you will need insurance in place to cover those losses.

To create the best commercial business insurance for you and your business, contact the experienced and trusted insurance agents at the Paragon Independent Insurance Agency in Plano, TX.

Is It Time to Update Your Home Insurance?

Many homeowners purchase home insurance and automatically renew it annually without reviewing their policy. Over time, however, changes to your home or lifestyle may alter your coverage, making it less effective in protecting your Plano, TX property. At Paragon Independent Insurance Agency, we recommend reviewing your home insurance annually to see if you need to update your coverage. Here are a few reasons why it may be time to update or upgrade your policy.

Home Renovations

Major home renovations like kitchen or bathroom remodeling can increase the value of your Plano TX home. If you insured your home for a certain amount years ago, your coverage may now be insufficient to rebuild your home at its current value. You can, however, increase the dwelling coverage by upgrading your policy. This ensures you’re protecting your home for its full value after remodeling. You’ll also need to add these renovations to your policy so they’ll be protected within your dwelling coverage.

Home improvements that enhance the safety or security of your home, such as new plumbing, electrical, or security system, may qualify you for a discount on your home insurance. To receive this discount, you’ll need to update your policy.

Lifestyle Changes

If you retired after purchasing your original home insurance and installed a new pool or home gym to stay fit, you may need to raise the limits of your property coverage to protect these items. If you plan to have friends or family over for a swim, you may need extra liability insurance to protect you against pool accidents. If you adopt a dog, you’ll need protection against the risk of your pet biting a visitor on your property.  

For optimal home insurance protection, contact Paragon Independent Insurance Agency to update your policy.

Auto Insurance Add Ons To Consider

Auto insurance is by no means a one size fits all form of insurance. Even if you were to own the exact same vehicle as your neighbor the insurance you need is not the same. That is why you need to shop around for your auto insurance coverage in order to find what works out best for your particular vehicle needs. Here at Paragon Independent Insurance Agency, we aim to assist drivers living in greater Plano, TX. These are some of the auto insurance add ons you should consider. 

Road Side Assistance

This is a valuable form of auto insurance you may want to consider. If your vehicle breaks down and you need a tow, fresh battery, new tire, or other help, roadside assistance is there for you. 

Vehicle Upgrade

Have you upgraded your vehicle lately? Perhaps you’ve gone all-in on a new stereo system or you’ve lifted your truck and installed new wheels and tires. You may want to consider protecting these upgrades so you don’t need to pay out of pocket in the event of vehicle damage. 

Tire Insurance

Find yourself constantly replacing tires? You can opt for tire insurance to help cover the cost of replacements. This can save you a considerable amount if you are regularly replacing your tires. 

Insurance Coverage For Your Vehicle

It doesn’t matter if you’ve gone all out with your vehicle upgrades or you’ve wanted to make sure you’re protected when a battery dies, there are all kinds of auto insurance add ons you should consider. Here at  Paragon Independent Insurance Agency, we aim to provide you with all the coverage options you need. So, if you want to learn more about insurance coverage add ons for your vehicle and live in Plano, TX, give us a call at your earliest convenience. 

The Essentials of Commercial Insurance for Plano TX Business Owners

As a hard-working business owner in Plano Tx, you need to be sure your investment is protected. Commercial insurance is a necessity that helps with expenses associated with liability claims and property damage. Here are the essentials you need to know regarding commercial insurance for Plano, TX business owners.

What Are the Standard Insurance Needs for Most Businesses?

Most businesses need a business owner’s policy (BOP). This business policy is essential because it includes:

  • Business property insurance
  • Business liability insurance
  • Business income insurance

All three of these business insurances are combined in one policy in a BOP.

Business Property Insurance

Business property insurance, often called commercial property insurance, protects your business’ physical location and your business’ assets, including furniture, documents, and tools.

Business Liability Insurance

Business liability insurance is often referred to as commercial liability insurance. This insurance helps cover the expenses if someone files a liability claim against your business.

Business Income Insurance

Business income insurance helps with replacing all income that is lost when your business can’t open due to a covered loss. As a business owner, you can use this coverage to help ensure you can continue to pay your bills, including payroll.

Is Commercial Insurance Required in Texas?

Commercial insurance is not mandatory in Texas, but we at Paragon Independent Insurance Agency recommend having at least basic insurance coverage for your business. The three levels of commercial property insurance include:

  • Basic policies
  • Broad policies
  • Special policies

Basic policies provide the least amount of coverage. Basic policies offer coverage for windstorms, sprinkler leakage, smoke, lightning, and similar instances. Broad policies cover a loss due to situations covered in a basic policy. Special policies cover a loss for everything basic policies do not cover.

Here at Paragon Independent Insurance Agency, we take pride in providing Plano, TX residents with reliable insurance coverage options for a variety of situations, including auto, home, and business insurance. Contact us to learn more about our insurance policies. We will gladly help you select the policy that best suits your needs.

How Home Insurance Safeguards Your Biggest Investment

There is no shortage of reasons to have a home insurance policy. However, it’s important for all homeowners to choose the right coverage that protects their property. Your home is your castle and you need to safeguard your biggest investment. The office of Paragon Independent Insurance Agency in Plano, TX can help to prepare for the unexpected with the right home insurance policy. To achieve this, several factors will come into play.

How Much Home Insurance is Needed?

The biggest concern for homeowners is how much insurance is needed to protect their biggest investment. Unfortunately, a large number of homes in the United States are under-insured. Ideally, you want enough coverage to protect your home and your possessions inside. The policy itself should cover against potential financial losses or damage from fire, severe weather, or theft. Home insurance should repair or rebuild the structure and replace all of the items damaged or stolen.

Dwelling Coverage in Home Insurance

In most home insurance policies, dwelling coverage is a very important part of the entire package. This specific coverage pays for all repairs or the rebuild of the home and the attached (garage, deck or porch) structures that were damaged by fire, vandalism, or natural disaster. The final cost would be dependent upon the condition of the home and other factors.

Liability Coverage in Home Insurance

It’s strongly recommended to have some form of liability coverage on your home insurance policy. It will come in very handy when a person is injured on your property or inside the home. Liability coverage is designed to protect your financial interest in case of a lawsuit filed by the injured party. It pays for legal fees, medical fees, and lost wages for the injured person if they have missed any time from their work. Liability coverage could also be extended to cover accidents that place away from your home.

If you’re in the market to safeguard your biggest investment, then contact the insurance professionals at Paragon Independent Insurance Agency in Plano, TX. They can design a wide range of customized home insurance coverage options, so you can tailor a policy that fits your immediate and long-term needs. 

How Does Commercial Insurance In Plano Work?

At Paragon Independent Insurance Agency in Plano, TX, we would like to discuss how commercial insurance works. Too many businesses have been pulled down by lawsuits just because the business owners failed to insure their businesses.

Here in Plano, there are several commercial insurance coverage options. Each type of coverage protects your business from a certain type of misfortune or perils. Let’s start with the most important coverage.

Workers’ compensation insurance

If you have employees on your payroll, it is mandatory for you to purchase this policy in Plano and other cities in Texas. First, it provides funds to treat any of your employees should they sustain an injury while working for you. Secondly, it prevents them from being able to file a lawsuit against you when an accident occurs while discharging their duties and they sustain any injury.

Commercial automobile insurance

This policy is for companies who carry out their business process with the use of cars, trucks, vans, of buses. When any of the vehicles break down, this coverage will provide funds to fix it. In case of vandalism and theft, this coverage will also repair or replace the vehicle, whichever the case may be.

Also, if any of your drivers damages a third party’s property with any of the vehicles, this coverage will fix the third party property and also foot the medical bills if it leads to injuries.

Liability coverage

If a third party sues your company for any reason, this coverage will provide the funds to hire a legal team and if it turns out that you have to settle the third party with a certain amount of money stipulated by the judge, this coverage’s got your back on that too.

Apart from the three types of coverage, there are several other coverages that you should explore. Now, you’ll agree that the primary aim of commercial insurance is to protect your business from perils. If you need further guidance or clarification, we would gladly oblige you at Paragon Independent Insurance Agency in Plano, TX.