How does a commercial insurance plan protect someone in Dallas?

Those that are in the Dallas, TX area are likely aware that it is a great place to run a business. When you are a business owner or manager in this area, you will find that there is a lot of opportunity for success. However, there are risks as well that should be recognized. There are some ways that you can protect your business with proper insurance. A commercial insurance plan will protect a business in several ways. 

Cover Assets Owned by Business

One way that your commercial insurance plan can prove to be helpful is by covering assets that are owned by your business. If you open a company, you will need to invest in many core assets to grow and manage your business. If you get an insurance plan, you will know that these assets are protected if you are a victim of theft, vandalism, or a situation that leads to damage.

Mitigate Commercial Liability Risk

A commercial insurance plan is also a good investment because you can offset your liability risk. Business owners are going to take on liability risks regularly. If there is an accident involving your product or service, and it results in an injury, you may be held responsible. With a commercial insurance plan, you will get the support you need to cover this risk.  

A business that is in the Dallas, TX area will always want to have the right insurance coverage. If you are evaluating your insurance options in this area, you will get additional support by working with Alloy Insurance Partners. The team with Alloy Insurance Partners understands the value that comes with commercial coverage, and they will give the support you need to properly choose a plan that will protect your organization going forward. 

Why Should Someone Invest in Flood Insurance?

Climatic changes bring about weather changes that cause erratic hurricanes that result in torrential rainfalls. And as you know, if it rains, it can flood. And when it floods, there is a potential loss of property and lives. Unfortunately, typical home insurance doesn’t cover flood damage. That said, the issue of investing in flood insurance has never been more pressing.

So, why should a resident in Dallas, TX invest in flood insurance from Alloy Insurance Partners? Here are the reasons.

Floods damage can be extensive

Did you know that a one-inch rise in water levels can cause damages to the tune of $25,000? Given that flood damage can be catastrophic, that’s why you need flood insurance to ensure you don’t incur out-of-pocket expenses whenever floods strike.

Floods can strike anywhere

While homes in flood zones are at high risk, floods can strike anywhere it rains. In fact, according to FEMA, about 20% of flood insurance claims are from residents living in areas not considered at risk of floods! Because no home is safe from floods, you must invest in flood insurance.

To protect your assets

When you invest in flood insurance, you protect your building and its contents whenever floods strike. This way, you don’t have to start from scratch whenever floods destroy your assets.

It may be mandatory

Yes, no Texas law requires you to purchase flood insurance, but if your home is mortgaged-financed, and it’s located in a flood-plain area, your lender may insist you purchase flood insurance. And even if you live in a low to moderate flood risk area, your lender may still insist you buy flood insurance.

Buy flood insurance today!

As you can see, flood insurance is a must-have investment if you value a home. If you live in Dallas, TX, and its environs, please get in touch with Alloy Insurance Partners to invest in flood insurance.

The Ultimate Guide to Commercial Insurance

Making sure your business has adequate insurance cover is fundamental. It gives you peace of mind, as well as safeguards your business’ future. Alloy Insurance Partners serving Dallas, TX, offers commercial insurance covers. We will help you know the appropriate commercial insurance for your business.

Why Do You Need Commercial Insurance?

As a business owner, you know how a liability or property loss can bring down your business. That’s why you need commercial insurance so that in case of an unforeseen event, there will be no major impact. The authority might also require you to have insurance, failure to which would lead you into problems.

Accidents happen, and some can leave a major impact. Sometimes, these impacts are usually so significant that some businesses don’t recover from them. Commercial insurance ensures that your assets are protected against possible damages.

Commercial insurance can also help you attract and retain employees. Nowadays, people don’t only consider salary as the only important thing they get from their employer. They also consider whether their interests are considered. Getting insurance for your employees is one way of considering their interests, which makes them feel valued.

Additionally, some contracts may require you to have some commercial insurance. If you don’t have it, you risk missing out on these contracts.

Alloy Insurance Partners serving Dallas TX, offers commercial insurance to businesses to ensure they are protected from accidents or damages. They have several plans, and you can choose one that works for you ideally.

How Much Does Commercial Insurance Cost?

How much you pay for your commercial coverage depends on various factors such as the type of your company, number of employees, and location. These plans are usually tailor-made to suit every person.

Commercial insurance ensures that businesses remain in operation even after unforeseen happenings. Contact Alloy Insurance Partners serving Dallas, TX to learn more about commercial insurance and check out the plans we offer.

When is a good time to review your life insurance?

Life insurance is not a one-and-done kind of insurance. You do not need the same amount and type of life insurance at every point in your life. What that means is reviewing the insurance from time to time. But when to review is the question. At Alloy Insurance Partners in Dallas, TX, we have 25 years of experience making sure we protect your assets and your family. 

Changes in your employment are a good time to review your life insurance. Will you be allowed to keep your employer-supplied life insurance if your employment terminates? If the answer is yes, what is the amount and type of insurance, and most importantly, what is the cost to continue it. It may end up being a bad deal and you will be better off replacing it with a new life insurance policy that you buy on your own.  

When you get married, it is time to talk to your insurance agent about any life insurance you have. You may want to change the beneficiary on your policy and depending on whether your spouse is self-supporting or dependent on your income for all or part of their support, you may need to review the amount of coverage you have. 

Once you have children, everything changes and you not only have to think about now but the future. They will be dependent on you for many years to come and if anything was to happen to you, you must provide for them until they are grown.  

Once the kids are grown and you retire, it is time to look at what life insurance you have and what you actually need in this phase of your life. It may be that you really don’t need any or a very minimal amount. 

Contact Alloy Insurance Partners in Dallas, TX when you are ready to review your life insurance coverage. 

Can you add a motorcycle to your auto insurance?

When you are hitting the road in Texas, whether it is in an auto, truck or motorcycle, you need to know that you have the coverage you need to feel protected. Some insurance is mandated by the state and some others are optional, but no matter which way is right for you, Alloy Insurance Partners in Dallas, TX  is here to make sure the coverage you have is customized to your needs. As independent agents, we can offer more choices and we are dedicated to making sure our customers can drive without worrying about their insurance coverage, letting them down. 

When you want to add another vehicle to your auto policy, it is usually as simple as giving your insurance agent a call and giving them the vehicle particulars. This is not the case with a motorcycle. While motorcycles are mandated by the law in Texas to have the same coverage as a car or truck, they are not considered the same when it comes to insurance. 

To add a motorcycle to your auto policy, you must add an endorsement. Not every insurance company will allow this. Your independent insurance agent can tell you if your insurance carrier allows you to add a motorcycle endorsement.  If they don’t, you have two choices. You can change companies to go with one that will allow a motorcycle endorsement or you can buy dedicated motorcycle insurance and try to bundle the coverage with the other insurance you have with that carrier. 

When you bundle different policies with the same carrier, it usually makes you eligible for a multi-policy discount. This is an important consideration when you are trying to get the motorcycle insurance that you need and want. 

Contact Alloy Insurance Partners in Dallas, TX when you are looking for auto or motorcycle insurance.

Tips for Buying Homeowners Insurance for First Time Buyers

Homebuyers often do not think about budgeting for insurance, especially if it is their first home. At Alloy Insurance Partners in Dallas, TX, we want to eliminate the confusion and headache of purchasing your first insurance policy. Here are some tips to make a wise decision.

Determine the Right Amount of Coverage

Look to ensure the home for replacement cost and not market value. It’s best for one of our agents to assess your property to accurately determine the coverage needs. You’ll want to make sure that your policy covers at least 80% of your home’s value. 

Understand Your Policy

It’s important to know what your policy covers and what it doesn’t. One of our agents will ensure that you select the coverage that meets your needs and your budget. You’ll be made aware of any exclusions to determine if you want to leave them out or not. We take pride in total transparency to our customers. 

Determine your Out of Pocket Figure

The deductible is the amount that you are responsible for paying before the insurance takes over. The monthly premium is lower if you raise your deductible. However, you’ll need to determine if you can afford that amount if there is a claim. We’ll help you navigate through the different options and what options work best for you. 

Moving into your first home is exciting, and choosing the right policy is one less thing that you should worry about. At Alloy Insurance Partners in Dallas, TX we are prepared to provide you with the answers to all of your questions regarding your first home insurance policy. Stop by our office to find out more about policies and coverage for first-time buyers. We look forward to helping you. 

Auto Insurance and Motorcycle Insurance Basics in Texas

When you are looking for auto insurance or motorcycle insurance in Texas, you need to know that this is with an at-fault state. That means that Texas law will require you to have auto insurance or motorcycle insurance that will protect you financially in the event of an accident. 

At Alloy Insurance Partners, we want Dallas, TX residents to feel secure when they are on the roads. We can help you to design the auto insurance and motorcycle insurance policy or bundle to meet your needs.

Auto Insurance

In Texas, you have to have bodily injury liability and property damage liability for your vehicle. 

• Bodily Injury Liability – Coverage for medical bills and expenses for other drivers in a collision and any passengers
• Property Damage Liability – Coverage for property repairs, including buildings, fences, or property damaged during a collision

Additional coverage that you can get for auto insurance includes personal injury protection, collision insurance, comprehensive insurance, uninsured motorist protection, towing and labor, and uninsured motorist property damage.

Motorcycle Insurance

Motorcycles in Texas are required to be insured. These drivers will also have to be required to prove they can cover the losses in an accident or collision.

Motorcycle insurance is very similar to auto insurance. Minimum motorcycle insurance requirements include bodily injury liability and property damage liability. There are additional coverages you can get for motorcycle insurance for added protection such as personal injury protection, collision insurance, comprehensive insurance, and towing insurance, among other types of coverages.

Get a Quote

When you are looking for auto insurance or motorcycle insurance, get a quote from Alloy Insurance Partners. We can help Dallas, TX residents find the insurance policy or bundle that best meets their driving needs. Call us for a quote today!

Doing a risk assessment of your home

Life is risky and your home no matter how careful you are is filled with potential for risk. You need to make sure you know what the risks are and have insurance to protect you from any problems that might be caused by those risks. At Alloy Insurance Partners in Dallas, TX, we understand risks, and we have the experience to help you find the solutions to mitigate those risks. 

Pets

Your dogs are members of your family; it is hard to imagine that they are a risk. However, depending on what breed they are they may not even be covered by your home insurance. Check with your agent to make sure you have coverage and of course make every effort to keep problems from happening by leashing your dogs when they are outdoors and getting training, so they don’t jump on or accost any guests you have. About 1/3 of all home insurance liability claims are for dog bites. 

Swimming pool

A swimming pool is a great place to enjoy the warm weather, but it also places an increased risk on your home insurance. Pool-related accidents are risks you assume when you add a pool or buy a home with a pool. Make sure that the fencing that surrounds your pool meets all local regulations. You need to make sure your pool can not be accessed by neighborhood children when you are not in the pool area. 

Trampoline

A trampoline is what can be referred to as an attractive nuisance. It poses a danger to children who will want to use it even if they have not been invited into your yard. 

Owning a home comes with lots of risks. At Alloy Insurance Partners in Dallas, TX, we make sure our clients have enough liability coverage to protect them from the risks they have, 

Life Insurance Isn’t Just For The Elderly

Talking about life insurance isn’t something most people are comfortable with. It isn’t usually dinner conversation or over a drink at the bar. Most people avoid the thought of it altogether, but it really is too important not to discuss. At Alloy Insurance Partners in Dallas, TX, we have 25 years of experience providing the best products to our customers along with the level of service they have come to expect.  

If you think life insurance is just for the elderly you are very much mistaken. Hopefully, that will be your condition when your beneficiaries collect on your death benefit but in the meantime, there is a lot of life and planning to do. Planning that involves your life insurance should begin at as young an age as you can afford to make the investment. Once you have a full-time job, you may get some life insurance from your employer as a part of your benefits package. When you are young and healthy, life insurance is more affordable than when you get older and are perhaps not quite as healthy. 

One of the most important times to think about life insurance is when you get married and start a family. This is the time of your life when you have need of the protection offered by life insurance. Your children will be dependent on your support for as long as they are still in school, including college and even graduate school. It is important to make sure if anything should happen to you, they will be able to remain in the family home and maintain their lifestyle. 

After your children are grown and settled, your need for life insurance will decrease but perhaps not go away altogether. Life insurance needs can last a lifetime. 

Give Alloy Insurance Partners in Dallas, TX a call when you have life insurance needs. 

I Paid off the Mortgage! What Changes do I need to make to my Home Insurance?

Congratulations! You have finally cleared the debt on your Dallas, TX home. Your friends at Alloy Insurance Partners want to remind you that now is a great time to review your home insurance policy and make sure it is completely protected. 

Review the Current Assessment and Compare to Your Coverage

You were paying lower taxes on the property twenty or thirty years ago when you first bought it. Your home insurance policy is often based on the assessed value. Take the time to make sure that your policy reflects the increase in value that the property experienced over time. This ensures that if you suffer a catastrophic loss, you will be in a better position to rebuild without emptying your savings account.

Are Your Fine Art and Collectibles Listed on the Policy?

Over the years you have probably added a few of the finer things in life to your possessions. Jewelry, art, collector cars, and other unique items should be itemized on your home insurance policy with a stated assessed value. Should your home ever be attacked by thieves or vandals, you will be fully compensated for the loss of those valuable pieces.

You may also want to check the liability and medical payments section of the policy. A simple injury costs a lot more to treat now than it did when you first signed on the purchase and sale agreement all those years ago.

While you may still be living in the same home in Dallas, TX after 30 years, you should not assume that the same home insurance policy will properly care for you and your family. Give us a call at Alloy Insurance Partners to review your coverage and bring it up to date.