A Chump Dumped his Comp: The Incidents that Worker’s Compensation Doesn’t Cover

The purpose of getting worker’s compensation insurance is to provide both wage replacement and medical expenses to injured employees while working for you. In turn, the employee waives their right to sue you for negligence. This form of insurance also covers rehabilitation, disability benefits, and funeral costs if worse comes to worst. Some people will try to abuse their worker’s comp benefits, so it’s good to know what it won’t cover. 

First, worker’s comp only covers things that happen on the job. You cannot be sued for worker’s comp due to an accident during a commute or something that happened after termination. Here are some other examples. 

The Results of Violating Company Policies

Let’s say you own a restaurant and made it a company policy that employees must wear a hard hat while changing the magnetic letters on the sign outside. Your employee Doug didn’t wear one while changing the sign. A letter L comes loose and smacks Doug on the head. Doug has to take the L! He violated company policy and is not eligible for worker’s comp. 

The Results of Intoxication or Use of Illegal Drugs

Let’s say you run a construction company and hire Charley to operate the backhoe. At lunch, Charley decides to have a beer- then two- and another. Then, his buddy invites him to share a joint. Charley clocks back in and rams the backhoe straight into a tree. Sorry, Charley! It was his fault for operating heavy machinery while intoxicated.

Anything Caused Intentionally

Let’s say you own a beauty parlor. You hired Kim to do manicures and Loretta to style hair. Kim and Loretta got into a petty dispute that escalated. Words were said, and faces were bruised. Because the injuries were caused purposely, they don’t get worker’s comp. 

Alloy Insurance Partners Serving Dallas, TX

If you need worker’s comp insurance and are in Dallas, TX, contact Alloy Insurance Partners. We’ll get you what you need. 

Life Insurance Options

Our agents at Alloy Insurance Partners, serving the Dallas, TX area know and understand the importance of life insurance. While no one likes to think of what will happen when they die, it is imperative that you have the peace of mind that comes with an appropriate life insurance policy while you are alive.

The Importance of Life Insurance

Suppose you die unexpectedly and have a life insurance policy in place. In that case, your beneficiaries and loved ones will be saved from the stress and worry of how to pay for your funeral, along with all the regular bills, such as the mortgage, car payments, and even college tuition for your kids. By having a good life insurance policy in place, your family can grieve their loss without having the added stress of worrying about how they will survive financially.

Life Insurance Options

There is a variety of different types of life insurance policies that you can choose from based on what will work best for you and your situation. Read on for a detailed list of the three most common types of life insurance policies.

Whole Life Insurance

A whole life insurance policy includes universal life, whole life, and variable life insurance. These types of insurance will pay out a certain amount of money to your beneficiaries when you die and have a cash value component to them.

Term Life Insurance

This type of life insurance is the most affordable policy but is only in effect during the term you sign up for. The most common terms are 10, 20, and 30 years. You get to choose the length of the term of your policy and can renew it when the term expires. A death benefit will be paid out to your loved ones if you die during the term that the policy is in effect.

Universal Life Insurance

Universal life insurance is the most popular type of policy since you can borrow from it while you are still alive to pay off large bills, such as your mortgage or vehicle. This will provide you with peace of mind in knowing that your family is secure financially before you pass away. This policy will also pay out a death benefit to your loved ones after you pass away.

Contact Alloy Insurance Partners

Contact the life insurance specialists today at Alloy Insurance Partners serving the Dallas, TX area to get your life insurance policy started!

Differences Between Auto and Motorcycle Insurance

At Alloy Insurance Partners in Dallas, TX, we insure all types of vehicles. From Harleys to Jeep Wranglers, our team of qualified professional insurance agents has seen all sorts of vehicles in our parking lot as their new owners have sought us out to protect their most prized possession and reliable transportation. If you’re unfamiliar with vehicle insurance, you might wonder if there’s even a difference between auto and motorcycle insurance. Thankfully, we’ve helped plenty of car and motorcycle owners differentiate between these two common types of insurance policies.

What Is Auto Insurance?

Auto insurance policies cover cars such as trucks, SUVs, and sports cars. For most car owners, auto insurance is the most popular insurance coverage choice. While every policy is different, auto insurance policies tend to provide a mix of coverage that involves liability, damage, and theft coverage. You can speak with an agent at your provider for specific information about what your insurance policy covers.

What Is Motorcycle Insurance?

Motorcycle insurance covers motorcycles and related vehicles. While every policy has its own terms and limits, they usually cover at least liability. Some motorcycle insurance policies also offer coverage for theft, personal injury, and more. 

The Difference Between Motorcycle and Auto Insurance

The difference between motorcycle and auto insurance lies in the types of vehicles they cover. Other than that, they may have different limits depending on the policy. They may also provide different coverage for upgrades and replacing a stolen vehicle. Motorcycle coverage may have restrictions on the types of vehicles covered. Auto insurance may have similar restrictions.

Contact Alloy Insurance Partners

For more information on our motorcycle and auto insurance policies, call our office at Alloy Insurance Partners in Dallas, TX today! We’re happy to help find the appropriate policy for you.

Do You Need to Upgrade Your Home Insurance Coverage?

You could miss out on valuable protection if you renew your home insurance annually without reviewing your coverage. Home renovations may not be covered, or significant home purchases may not be protected because you haven’t added these to your policy. At Alloy Insurance Partners in Dallas, TX, we recommend reviewing your policy before renewing to ensure you still have accurate coverage. Here are some reasons you may need to upgrade your policy.

Home Renovations

Major home renovations like kitchen remodeling or adding a new bathroom to your home can increase the value of your property. This could make your current dwelling coverage insufficient to cover the cost of rebuilding your home in the event of total loss. You may need to increase your dwelling insurance to reflect your home’s new value.    

Major Home Purchases

Property insurance protects your belongings. Significant purchases you’ve made in the last year, such as a new sound system, flat-screen TV, or pricey furniture, will affect your property coverage. Depending on your coverage limits, you may need to boost your property insurance to protect these big-ticket items fully. 

Adding a Dog to Your Household

Dogs add joy to a household and increase the risk of injury to others, as your pup may bite or attack visitors to your property. You may need to upgrade your liability coverage to ensure you’re protected against incidents that may occur with your dog.

Home Business

Starting a home business may require a total revamp of your insurance protection, as your home policy may not meet your business needs. Depending on the nature of your home business, you may need a separate commercial insurance policy.

If you need help upgrading your home insurance, call Alloy Insurance Partners in Dallas, TX.

Does Motorcycle Insurance Offer Uninsured/Underinsured Driver Coverage?

Alloy Insurance Partners is there to protect the interests of motorcycle riders in and around the Dallas, TX area. One optional coverage for your motorcycle is uninsured or underinsured driver coverage, which is an add-on to consider when securing your insurance policy.

Let our insurance experts help you determine if this is a good option for your situation.

Uninsured/Underinsured Insurance Coverage for Motorcycles 

Just like with a regular automobile, motorcycles are at risk of damage from underinsured or uninsured drivers. This extra coverage can offer a layer of protection and help prevent losses associated with collisions or other accidents on the road. Our agents can help you understand this coverage and inform you which level of protection works best for your needs.

Each of our insurance agents is committed to assisting motorcycle owners with securing the right coverage to give them the most protection. We can explain the terms and conditions for each policy and alert motorcycle owners to any potential gaps and coverage that may prove detrimental. Once you secure a policy, we can assist with any document submission, policy changes over its lifetime, and claim submissions. Get the complete coverage you need to feel safe while on the road.

Reach Out Today 

Having the Ride Insurance protection in place is crucial for motorcycle owners. If you want to learn more about uninsured/underinsured motorist insurance coverage for your motorcycle, we encourage you to call or stop by the office of Alloy Insurance Partners. We proudly provide Insurance Services to the residents in and around the Dallas, TX area. Let us help you get the coverage you need to protect your interests and to have security knowing you are protected around the clock.

Does My Dallas Home Insurance Cover Hailstorm Damage?

Homeowners in Dallas, TX know the weather is unpredictable. Having the proper home protection is crucial to year-round peace of mind. Alloy Insurance Partners wants to ensure you have the right home insurance policy to cover hailstorm damage and other consequences of severe storms.

Understanding Hailstorm Coverage

Typically, a standard homeowners insurance policy includes coverage for hailstorm damage. This means that if a hailstorm damages your roof, siding, or other parts of your home, your insurance policy may help cover the costs of repairs or replacements. However, it’s essential to review your policy to determine the extent of your coverage, as there may be exclusions or limitations depending on your location and insurance provider.

Deductibles and Hailstorm Damage

When filing a claim for hailstorm damage, you’ll likely encounter a deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in. Understanding your policy’s deductible structure is essential, as it will impact the overall cost of repairing or replacing damaged property.

For example, some insurance policies have separate wind and hail damage deductibles. In these cases, the deductible for hail damage may be higher than the one for other perils. Review your policy and discuss any concerns with your insurance agent.

Preventative Measures and Maintenance

Taking preventative measures and maintaining your home can help reduce the risk of damage from hailstorms. Regularly inspect your roof for signs of wear and tear and promptly repair any issues. Consider installing impact-resistant roofing materials designed to withstand hailstorms better. By taking these steps, you might lower your insurance premiums and minimize the financial impact of hailstorm damage.

To learn more about your home insurance options in Dallas, TX, and ensure you have the coverage you need, contact Alloy Insurance Partners today.

Should I get a whole life or term life insurance policy?

When it comes to life insurance, many people here in the Dallas, TX area are faced with the decision of whether to go with a whole life or term life policy. The answer depends on your needs, but there are some pros and cons from us at Alloy Insurance Partners for each type of policy that you should consider. 

Whole life insurance enables you to build cash value over time which can be accessed in the future, has a guaranteed death benefit, and will typically remain in effect until age 100. It also provides potential tax advantages throughout the life of the policy. The downside is that it is more expensive than a term life policy and may not provide enough coverage for someone who only needs coverage for a certain period. 

Term life insurance is typically less expensive than whole life and offers coverage for a specified period. It also has no cash value and no tax benefits while you have the policy in force. However, this type of policy can cover significant financial losses if something were to happen during the term, and it provides peace of mind knowing that your loved ones would be taken care of if anything were to happen to you. 

Ultimately, deciding between these two policies is up to you based on your specific needs and budget. Consider researching both policies further to make an informed decision regarding protecting yourself and your family’s financial future. For more information, give us at Alloy Insurance Partners a call today. We are proud to serve the Dallas, TX area.

Remodeling & Home Insurance: What You Need to Know

No matter the reasoning behind it, a renovation is a big project that may impact your home insurance policy. Although your policy won’t pay for the remodeling itself, the value of your home may change. Having your home and personal property ensured for one amount when it’s really worth a different, potentially much more significant amount can leave you paying the difference out of pocket should any damage occur. Additionally, insurance providers can issue a non-renewal or cancel your policy if they learn of a major renovation project you failed to report.

When it comes to remodeling your home, it’s vital that you understand how your current policy will be affected and your options for changing it. So before you start tearing down walls and adding a pool, be sure to have a conversation with your Dallas, TX insurance agent.

How Renovations Can Impact Your Insurance

Each major renovation you make has the power to impact your insurance premiums, sometimes in multiple ways. A pool, for instance, can both raise the value of your home and the liability risk. Depending on the carrier, you may be required to add additional things, such as fencing around the pool or a safety cover for the water.

On the other hand, improvements to your existing plumbing, wiring, appliances, or even your roof can lower your premium since your risk of damage caused by water or fire is lower. Home security systems and sprinklers provide the same effect.

Let Alloy Insurance Partners Help You Protect Your Investment

When you need to change or update your homeowner’s insurance policy, Alloy Insurance Partners can help. Our team of agents will work to ensure that you get the coverage you need with a personalized policy. To get started, call us today at 800-527-2209.

What Are the Differences Between Collision and Comprehensive Auto Insurance?

At Alloy Insurance Partners, we provide auto insurance policies in the greater Dallas, TX area. We are committed to helping our customers find the best policies and coverage limits for them. However, we have found that one of the biggest hindrances for customers when finding the right policy is not understanding what insurance terms mean. Read along as we describe the differences between collision and comprehensive auto insurance. 

Collison Auto Insurance

Collision auto insurance is exactly what it sounds like. Depending on the type of collision coverage you select, collision auto insurance helps to cover any vehicles you may have been involved in a collision or accident with or personal property that may have been damaged during a car accident. It may even cover your vehicle if it is involved in a car accident. Accidents happen, and collision auto insurance protects you if you are interested. 

Comprehensive Auto Insurance

While accidents are one of the most common reasons why cars are damaged, collisions are not the only reason for damaged vehicles. Cars can be damaged if they are vandalized, if a tree limb falls on your vehicle, or if a flood happens. Comprehensive auto insurance helps to cover your vehicle from non-accident-related issues, including vandalism, weather, and theft. If you have a loan out on your car, you are likely required to carry both collision and comprehensive auto insurance. 

Are you looking for a new auto insurance policy in the greater Dallas, TX area? If so, reach out to Alloy Insurance Partners today. We can help answer any questions you have, helping to guide you toward the best policy for your needs. Give us a call now to start the process. 

Dallas Residents: What You Need To Know About Flash Floods

Does Dallas Have Flash Floods? 

Flash floods are sudden, destructive floods that occur with little notice. They are the number one weather-related killer in the United States. Dallas, TX is part of flash flood alley, a region of Texas known for these severe weather events.

Flash floods can happen anywhere from a few minutes to a few hours after excessive rainfall. 

How can Dallas residents prepare for flooding? 

Although flash floods come on suddenly, residents can still prepare in advance. Protect your property so that you’re prepared when flash floods strike.

  • Monitor local weather stations and take heed of warnings. 
  • Follow evacuation orders and leave when officials recommend it. 
  • Have an evacuation plan prepared. Include plans for your pets and any livestock. 
  • Know your evacuation route and avoid any low-lying areas when leaving. 
  • Create a “go bag” to have ready for a flood. Include copies of critical documents, medicines, and any pet or baby supplies you may need for a few days. 
  • When practical, invest in flood-proofing measures such as elevated foundations.
  • In the dry season, take time to seal basements, doors, and windows against water. 
  • Invest in flood insurance from a trusted firm, like Alloy Insurance partners. Flood insurance will help protect your investment if the worst should occur. 

Can flood insurance help protect homeowners? 

Flash floods are unpredictable. Protecting your property investment doesn’t have to be. Investing in a flood policy can protect Dallas, TX residents from incurring significant losses in a worst-case scenario. Eligibility for flood insurance can differ depending on counties and flood zones. While some areas may require homeowners to carry it, laws vary.

At Alloy Insurance Partners, we understand your needs. Our agents serving DFW are ready to help you make a wise choice regarding your property. Reach out today to learn more about protecting your home from floods.