Dallas TX

When to Think About Getting Life Insurance

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If you’re thinking about life insurance, then you should start researching it now. The sooner, the better. The best time to get life insurance is at birth, but since you’re unable to do it for yourself at that time, then you should look into it now. Alloy Insurance Partners in the Dallas, TX area can help you. We have agents with insurance experience, and we’re ready when you are.

What is Life Insurance?

Life insurance is a policy or contract between you and the insurance company. The insurance company will pay your beneficiaries a specific amount upon your death. In return, you pay monthly premiums to the company. The amount is based on the terms of your policy. It could be $100,000, $200,000, or more. It is also a one-time lump sum payment.

What Types of Life Insurance

Term-Life Insurance — Your premium payments remain the same for a specified period or term. Terms are usually set in 10-year increments. Starting at 10 or 20 years, terms can be extended once it ends. You can always convert it to a whole-life insurance plan or terminate the coverage altogether. The insurance company uses the life expectancy of the policyholder to determine the premium amounts. The person’s age and health also determine it.

Whole-Life Insurance — Provides lifetime coverage, which includes a cash-value payout along with the death benefit. The cash value is more like a savings account. If you pay more than the premium each month, then those funds will basically be set aside earning interest. 

Don’t be willing to let yourself go without life insurance any longer. If you’re in the Dallas, TX area, the agents at Alloy Insurance Partners can help you start the discussion about purchasing life insurance today.

Do you Have to Add Extra Liability Coverage for Passengers?

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Liability insurance does a lot to help protect those that are riding along with you in your car or on your motorcycle. A standard liability policy covers a great deal, but do you need more coverage? For those in the Dallas, TX area, the agents with Alloy Insurance Partners can help you to determine how much liability insurance you need and what type of coverage is going to work best for you.

How Much Do I Need?

Liability coverage is something that is built into most policies for both auto and motorcycle. You may have enough liability coverage that you feel comfortable with a standard policy or you might feel that you want to add more coverage. For the most part, it is not necessary to add more liability coverage to your standard policy unless you simply want to. Many standard policies come with around $10,000 liability for each person that is riding in the car or on the bike should there be an accident. If you feel that this coverage is not enough, you can add more liability to suit your needs.

Liability coverage is something that everyone can benefit from having. The right liability coverage can help pay for medical bills, time off work, and any other expenses that might be associated with an accident. A full-coverage policy is, of course, going to have more coverage than a standard liability only policy would have, but you do not have to add extra liability coverage unless you want to. For those in the Dallas, TX area, the agents with Alloy Insurance Partners can help you to get a great policy for your insurance needs. We can make sure you have enough liability coverage for any passenger and for yourself. Contact our office for a quote.

Home Insurance Protects More Than Your Home

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Purchasing a home is a big decision.  Before you move in, home insurance will ensure that it protected.  Most understand that a home insurance policy protects if there is a fire or severe weather damage, but home insurance policies do so much more.  To understand how it protects families financially, come talk to the agents at Alloy Insurance Partners.  They have been serving homeowners through the Dallas, TX area since 1996.

Sure, a home insurance policy covers events like fire and severe weather but offers more to consumers than you realize.  They cover everything in the home including furniture and personal items.  The policy will cover personal items even if they are damaged or stolen while away from home.  For example, it a laptop is stolen while you are working at local café or bookstore, it will be covered.  It also includes liability coverage should someone get injured on the property due to your negligence.  It will cover their medical expenses.  Should they decide to sue you, it will also cover their legal fees.  Medical and legal costs can quickly add up so having the liability insurance protects the homeowner from financial devastation.

The home insurance policy will also cover any structures on the property.  This can include outbuildings and sheds.  It will also cover pergolas, gazebos and fencing.  While it’s important to understand what is covered in a home insurance policy, it is equally important to understand what isn’t.  For instance, home insurance policies do not cover flood events.  A separate flood insurance policy is needed for at-risk homes. 

The team at Alloy Insurance Partners works with homeowners throughout the Dallas, TX area.  They are ready to help you get the coverage you need and answer any questions you have.  Home insurance protects you financially in many ways.  Come in today to learn more!

Are the Minimum Amounts of Liability and Personal Injury Insurance the Same for Both Cars and Motorcycles?

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No matter what type of vehicle you drive, you need to be properly insured with the minimum amount of insurance in place at all times. The agents of Alloy Insurance Partners serve residents living in Dallas, TX and many of the surrounding communities. Whether you drive a car or motorcycle, the agents can help you get the coverage you need to drive legally within the state of Texas.

Same Amounts

Both automobiles and motorcycles require the same amount of insurance when it comes to personal liability and property damage. In Texas, you must have at least $30,000 of personal injury liability insurance (up to $60,000) and at $25,000 property damage liability per accident to drive legally. Just like an auto insurance policy, you will have the choice between PL/PD and collision or comprehensive type policies.

Two Different Policies

Motorcycles are not insured under an auto insurance policy. They have a policy designed to cover the unique needs of a motorcycle. Even though they are covered under two separate and unique policies, they can be bundled together with an auto insurance policy under a multi-policy plan. By bundling your home, auto, motorcycle, and boat insurance into one large policy, you may receive certain discounts that will reduce your monthly premiums. 

In Dallas, TX, turn to the agents of Alloy Insurance Partners when you have questions about an existing motorcycle policy or are in the market to buy a new one. They have the answers you have been looking for and can customize or bundle your policies so you have one convenient monthly premium. Call today and talk to an agent!

What Are the Benefits of Having Energy Efficient Appliances?

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Energy efficient appliances offer homeowners a variety of benefits. People don’t realize just how costly their old appliances are until they are forced to replace them. Choosing smart models that are rated for maximum energy efficiency use much less energy and will save you money on your utility bills. They are also easy to maintain. Homeowners in the Dallas, TX area can call on the agents at Alloy Insurance Partners to answer any questions they have about smart appliances and their benefits.

Saves Money

Smart appliances can pair with many home security systems to create a fully automated home. Smart appliances that have home automation capabilities can be turned controlled through the security system once they are all connected through the network. In addition to their home automation capabilities, their energy efficiency rating means that they have been proven to meet or exceed the EPA guidelines for saving energy.

Uses Less Energy

Energy efficient appliances are designed to provide maximum power while using as little energy as possible. Appliances that use less energy create less waste. Less waste leaves less of an imprint on the environment. On the whole, this reduces the cost of the energy we use and results in lower utility costs.

In Dallas, TX, residents often look to the insurance agents of Alloy Insurance Partners for answers when it comes to making their homes more energy efficient. In addition to helping their clients save money on utility bills, they can also help them with all of their home and auto insurance needs. Schedule an appointment today to have your current homeowners’ policy reviewed. Get the answers you need today!

Life Insurance is for Singles, Too

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If you’re single with no dependents, you don’t need life insurance, right? Wrong! Singles can benefit just as much from life insurance as couples with children. Here are just a few ways a life insurance policy from Alloy Insurance Partners in Dallas, TX can benefit you as a single adult.

Pay Off Debts

If you have debts that you accrued with a business partner, family member or significant other, this individual would be responsible for paying off these debts if you were to suddenly pass on. This could put someone you care about under financial pressure. By taking out a life insurance policy and naming this individual as your beneficiary, he or she would have the funds to pay for your share of the debt, alleviating him or her of this burden.

Funeral Costs

Life insurance benefits can be used to pay for your funeral costs so your family doesn’t have to assume this responsibility in the event of your unexpected demise. 

Future Spouse and Family

You may be single now but what about the future? If you plan on getting married and having a family in the future, you can save money by purchasing a life policy now while you’re young and healthy. You’ll then have some protection in place for when you do get married and start your family. The cost of life insurance goes up as you get older.

Support for Aging Parents

If you’re supporting aging parents, benefits from a life insurance policy can continue to provide your parents with financial support after your demise. You can have peace of mind that your parents will be taken care of if you were to suddenly pass on. 

Learn more about the benefits of life insurance now and in the future by contacting Alloy Insurance Partners in Dallas, TX. 

What Are the Benefits of a Self-Monitored Home Security System?

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Self-monitored home security systems offer homeowners an added layer of protection without the extra cost of a monthly subscription to a professional monitoring service. The agents at Alloy Insurance Partners can answer questions that Dallas, TX residents may have about self-monitored home security systems and how they work to protect a home or business.

Allows for 24-hour Surveillance

Self-monitored home security systems allow you to view what is going on in or around your home 24 hours a day from almost any location. Most home security systems have a downloadable app that can be used to not only view the home but also arm and disarm the system.

Easy to Relocate

Most self-monitored home security systems are designed to be installed by the homeowner or renter. This makes it easy for the system to be taken down and relocated if the family moves to a new home. Many systems can be installed and operational in less than 30 minutes.

Protects Your Home and Family

Self-monitored systems normally include entry sensors for doors and windows, motion detectors, environmental hazard detectors, and some type of indoor/outdoor video surveillance equipment. Video doorbell viewers are now equipped with two-way voice communication making it easy to talk to whoever is at your front door.

Self-monitored home security systems offer protection to homeowners and renters who don’t want to get caught up in long-term contracts but still want the protection of a security system. Call and talk to the agents of Alloy Insurance Partners today if you live in Dallas, TX and are thinking about installing a self-monitored home security system. They have the answers you are looking for. 

 

What Happens if I Don’t Have Auto Insurance?

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Most people in the Austin or Dallas, TX area need to drive a car on a daily basis. For those that do own and operate a car, it is common knowledge that having auto insurance in place is a necessity and requirement. While most people in the Dallas area comply with this law, some avoid getting insurance to save money. If you do not have auto insurance in place while you are driving, a number of negative situations could arise.

Face Legal Punishment

The first negative consequence that can arise if you do not have auto insurance is legal punishments. In Texas, you are required by law to carry at least liability insurance coverage. If you do not have this type of auto insurance and are caught driving without it, you could end up losing your license, face financial penalties, and even go to jail. 

Significant Financial Losses

Another consequence that will come if you do not have auto insurance when you are driving is that you could face substantial financial losses. People that have a full auto insurance policy in place at all times will benefit from having liability coverage plus collision and comprehensive coverage. If you do not have auto insurance, you will have to cover all repairs to your vehicle, and the other party’s vehicle if you are at fault in an accident. These costs can be very significant depending on the scope of the accident. 

Since not having the right level of coverage can be very detrimental, those that are in the Austin or Dallas, TX area should reach out to the Alloy Insurance Partners to discuss their auto insurance needs. When you speak with the team at Alloy Insurance Partners, you can learn more about your auto insurance options and get into a policy that is right for you. 

Do You Have Flood Insurance For All of Your Property?

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It is common for people who are diligent in purchasing full coverage car insurance, homeowner’s insurance, and life insurance to overlook flood insurance because they think that they are either covered by their homeowner’s insurance or that they live in a risk-free area. At Alloy insurance Partners, we want all Texans to be aware of the fact that flood coverage does not fall under the typical home insurance policy, and even low-risk zones can flood in extreme times. We serve Austin, San Angelo, Dallas, TX and the surrounding areas with quality insurance for everything from floods to auto coverage and more. 

Flood Insurance Stands Alone

If an area has even a 1% chance of flooding in Texas, then most lenders will require you to purchase flood insurance. However, Hurricane Harvey proved that it does not matter if the property falls into the official flooding zone, in extreme conditions anywhere can flood, and you will be left uncovered with a lot of damage to repair if you do not have this extra coverage. Typical flood insurance will cover your home up to $250,000. However, make sure all of your property is protected by adding a separate flood coverage for your property with a limit of $100,000. If you have special considerations, discuss them with one of our agents to see if we can write a perfect policy for your needs. 

Contact us at Alloy Insurance Partners if you want to discuss your options for flood insurance or any other insurance coverage. We can answer any questions you may have and give you flood insurance quotes. We serve Austin, San Angelo, Dallas, TX and the surrounding areas with quality insurance for all aspects of your life. 

Does Commercial Insurance Cover Injury to Patrons?

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When you own a business, one of the most important things you can do is to protect your patrons. In most cases, you have commercial policies to do a great deal to protect your business, but do they also protect your patrons? For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners can help you to find the commercial policy that is going to work for you relatively easily.

How can a commercial policy help?

A commercial policy does a great deal to protect your business; it also protects your patrons and your employees. If you have any property insurance on your business, your property insurance may also help to protect your patrons. Commercial policies, by and large, do help to protect patrons that are injured on your property under a few different cases. For starters, if they are injured by no fault of their own, i.e., they are not running around, wasting time, or partaking in any dangerous activity, your policy will help to cover their medical bills and keep you from being sued.

Your policy may also help to protect you by helping to pay the costs if you are at fault for the injury. If there is any sort of issue, the first thing that will happen is the insurance company will come, determine what caused the accident, and will then work out how to pay medical bills and any other associated bills.

Your commercial policy will help cover the cost of taking care of medical bills associated with injury to patrons and will also help with legal bills as well. For those that do have a commercial business and want to make sure their patrons are covered, it is always best to look at different policies and to talk with an agent. For those in the Austin or Dallas, TX area, the agents with Alloy Insurance Partners are ready to answer your questions and get you a quote.