Required Commercial Insurance in Texas

When you own a business in Texas, there is certain commercial insurance that you may need. The types of insurance that you should have for your business depend a lot on the type of business you run. In Texas, there is only one type of commercial insurance that is required by law, but there are many others that you should have to protect yourself and your business. If you need commercial insurance, contact us at Presley Insurance Group in Dallas, TX.

Commercial Auto Insurance

When your Texas business owns a vehicle, that vehicle has to be covered by a commercial auto policy. This coverage protects your business by paying for accidents that happen with your work vehicle and are caused by its driver. When this happens, medical bills may be due as well as costs for vehicle repairs to the other vehicle. These policies must have at least a specific amount of coverage for one person for bodily injury liability. Another amount is required for all of the people who were injured in the accident. In addition, there is a specific minimum amount required for property damage liability. You can always add to the minimums of this coverage so that you have better protection in case of a serious accident. 

If you have a vehicle that is used for business reasons, but the company doesn’t own it, you aren’t required to have a commercial policy. However, your personal auto insurance may not pay for an accident that happens when you’re doing work for your business. It’s generally recommended that you get a type of policy called hired and non-owned. This can keep you protected when you are taking care of business tasks. 

Get Your Commercial Insurance

When you are a business owner, there are many types of optional commercial insurance you can get, including cyber insurance, general liability insurance, etc. If you want to know more about these policies, call us at Presley Insurance Group in Dallas, TX.

Look for these features when selecting your next home insurance policy

Presley Insurance Group is here to serve the insurance needs of the greater Dallas, TX metropolitan area. Our team understands how important it is to protect family homes, and we are here to help. Give us a call today or stop by to learn more about the available home insurance options!

Important home insurance features

There’s no underestimating the importance of protecting our family homes. In addition to providing shelter, they help us to feel safe and secure. They are also where we spend a lot of quality with our families. If you are unsure that you have adequate protection in place for your home, now is a great time to make sure.

Like so much else in life, our home insurance needs can change throughout the years. This means that it’s important to review your policy on a regular basis. When doing so, be sure to take a careful look at the main features that a home policy will provide: liability coverage, interior and exterior damage protection, and protection from loss.

Other additional features can include personal articles protection, coverage for alternative lodging if your home becomes uninhabitable due to a covered event, and enhanced liability coverage. All of these features will depend on your family’s unique needs. The best way to ensure that your policy provides the protection you need is to meet with a local agent. This will allow you to discuss your main concerns and needs.

Give us a call today

Dallas, TX residents turn to the team at Presley Insurance Group for all of their insurance needs. We have the experience and information necessary to be a resource to our community. Come by our office or give us a call today to find out more!

What does the liability portion of your renters’ insurance cover?

Your renter’s insurance from Presley Insurance Group covers far more than just your personal property in your Dallas, TX home. Every renter’s insurance policy also includes liability coverage.

You might think that your landlord or apartment building already carries liability insurance, and it probably does, but it doesn’t cover your liability. The two policies work together to fully protect the property.

Your Landlord’s Liability Coverage

Your landlord’s home policy covers liability for the yard or courtyard and everything leading up to the entrance to the building. It also covers other public areas, such as a swimming pool or sauna shared with other tenants. It does not cover what happens inside your apartment or dwelling. If you have a private porch, balcony, or courtyard, it also does not cover what occurs there.

Your Liability Coverage

That’s where your renter’s insurance enters the picture. It contains your liability coverage. Your liability coverage ensures that if an accident occurs inside your apartment or dwelling, the insurance pays for the injured party’s medical costs. It also covers settlement costs up to the amount named in the renters’ policy.

That means if your friend slips in your shower, for example, and breaks their arm, your liability insurance covers the medical treatment cost. If your friend slips on ice coming up the stairs to enter your building though, that gets covered under your landlord’s policy.

Protect Your Financial Security

Contact Presley Insurance Group serving Dallas TX, today for more information on renters insurance. Let us help you protect your financial security. Avoid having to pay for someone’s medical bills or a court settlement by carrying the appropriate insurance.

How does condo insurance differ from other types of home insurance?

When you visit Presley Insurance Group to insure your Dallas, TX condo, you’ll learn that condo insurance differs from the other seven types of home insurance.

Condo insurance provides what the insurance industry refers to as “walls, in coverage,” which means that it insures the interior walls of your condominium and everything inside of it. Your condo policy covers your TV, computer, kitchen cabinets, toilet, clothes, shoes, etc. The condo policy provides property damage coverage and structural damage coverage.

You also get liability coverage with your condo insurance. Your condo policy covers their medical costs if your friend falls while getting out of your shower and breaks their arm.

So far, this probably sounds just like homeowners’ insurance or perhaps close to renters’ insurance. The latter would not cover physical damage to your domicile, though. It would only pay to replace the contents of your domicile. Homeowners’ insurance would also cover liability damage outside your domicile, and condo insurance does not do that.

If your friend fell by the pool outside your condo but within the confines of the condo complex, your complex’s liability policy would cover their injury. That’s a “walls, out coverage.” Once outside your condo’s front or back door and on another person or organization’s property, their insurance covers the injury.

Your condo policy covers if your buddy’s computer got stolen from inside your condo. If their computer got stolen while the two of you were using the complex’s business center, the condo complex’s insurance policy covers the loss.

While your condo policy does qualify as one of the eight types of home insurance, it does not cover all of the same items that a homeowners’ insurance policy does. Contact Presley Insurance Group serving Dallas, TX to insure your condo, so you can protect your domicile and all that you keep in it, plus the individuals who visit it.

Important Facts About Motorcycle Insurance

Motorcycle insurance premiums are determined by the way you use the vehicle as well as the type of motorcycle that you own in Dallas, TX. This type of coverage protects both you and the motoring public in case of an accident resulting in injury or damage.

There are several important facts to consider when purchasing motorcycle insurance. The experienced agents at Presley Insurance Group will help you understand these facts to ensure you get the right coverage to meet your needs.

Types of Necessary Coverage

You will need to include liability coverage in your motorcycle insurance policy to fulfill your insurance obligations in Dallas, TX. If you are ever involved in an accident, this type of coverage will pay for any property damage or injuries that you cause to the other party involved. However, liability insurance will not cover the cost of repairing or replacing your motorcycle.

Another type of motorcycle insurance that you need is uninsured motorist coverage. This type of coverage will protect you and your property if you are involved in an accident caused by a motorist that does not have adequate insurance coverage.

Medical liability will cover the cost of any injuries that are sustained during an accident by someone who is riding on the motorcycle with you at the time of an accident. It is important to understand your risks to know the type of coverage that is right for you.

In order to make sure you get the motorcycle insurance coverage that you need, take the time to talk with the knowledgeable agents at Presley Insurance Group. We understand all the different types of motorcycle insurance available and will be able to help you choose a policy that includes all of the coverage that is required to protect you and your motorcycle, so you can have peace of mind and enjoy the ride. Give us a call today.

Benefits for safe drivers in TX

Presley Insurance Group is here to serve the insurance needs of the Dallas, TX metro community. If you have questions about vehicle insurance, we are here to help. Let us help you wade through your options and determine which policies, features, and coverage levels are appropriate for your needs.

Main benefits for TX safe drivers

The best benefit of being a safe driver in TX is the protection you afford yourself, your passengers, and your vehicle. Another great benefit is finding a policy that rewards your safe driving record. When it comes to auto insurance, safe drivers also have more options. If you are looking at upgrading your policy, you may want to take a look at the following options:

  • Safe driver discounts – when it comes to rewarding safe driving, most insurance companies are on board! Look for a policy that offers financial benefits for a safe driving record.
  • Disappearing deductibles – when you go for long periods of time without a claim, there are policies that will reduce your deductible. In fact, it is even possible to have it disappear entirely!
  • Bundle discounts – bundling your auto insurance with your home and life policies is another great way to get the robust insurance coverage you want without breaking your budget.

Enjoy the benefits of being a safe driver in TX!

If you have a safe driving record and are a resident of the greater Dallas, TX area, it’s time to talk to the team at Presley Insurance Group. We are here to help you enjoy the benefits of your safe driving. Call or stop by our office today and find out more!

Top benefits of comprehensive commercial policies in TX

Primary commercial policies are a great place to start when it comes to protecting your business, but they may prove inadequate for your company’s long-term needs. Presley Insurance Group is here to help Dallas, TX area firms review their insurance needs and determine the right policy type and coverage level to protect their commercial interests. 

Top benefits of comprehensive commercial policies

A primary policy is often what companies choose when they are first getting off the ground. As a company grows and evolves, its insurance needs may also change. There are many comprehensive coverage options that may not be necessary as a firm gets started but becomes needed later down the road.

Some examples are inventory, equipment, and a commercial vehicle fleet. At the start of the company, a primary policy may be adequate because the company’s holdings are limited. As more time and money is invested in the business, it is often the case that insurance needs also increase. 

It is advisable to review a commercial policy on a yearly basis to ensure that it will provide adequate protection should a covered event occur. Unfortunately, many commercial entities simply renew their policies year after year without a review. Why not review your policy today and ensure that your company has the protection it needs?

Interested in learning more about comprehensive commercial coverage for your Dallas, TX business?

Presley Insurance Group is here to help you secure the right policy for your complete insurance needs. Please give us a call today to schedule a consultation with one of our informed and helpful agents. We look forward to working with you!

What Affects Your Home Insurance?

Are you trying to find home insurance but feel like you don’t quite understand what affects your rates? You’re not alone. Many Dallas, TX residents feel this way and turn to us for help. Let us at Presley Insurance Group explain this to you.

Your Home’s Area 

Home insurance costs may go up or down depending on your city. For example, a home in a big city may be worth more than a rural home. However, rural homes with a lot of lands may require more coverage than an urban house. These factors can heavily impact your overall coverage option. 

The Quality of Your Home 

Do you have a very small home with limited space? Or is it a larger and more sprawling place? You also need to pay attention to the cost of your home, its overall age, and its general condition. These factors all play into the unique elements that affect your home insurance. 

Overall Safety and Protection 

How many safety steps do you take to protect your home? These elements will all affect the quality and value of your insurance and must be fully understood. Just as importantly, you need to avoid spending too much on a policy that doesn’t suit your needs.

The Policy You Choose 

Some people may want a more comprehensive policy that covers a broad range of different issues. By contrast, others may have a more basic option that doesn’t cost nearly as much to manage. Whatever you choose, it is important to make sure you feel comfortable.

Make Sure You Choose the Best Option 

As you can see, it is vital to find a provider that has your best needs in mind as a homeowner. Thankfully, we can help. At Presley Insurance Group, we serve the Dallas, TX area and provide friendly insurance protection.

Why do tenants need renters insurance in Dallas?

The Dallas, TX area can be a very fun place to live. Those that are in this area will find there are many professional opportunities and recreational amenities to enjoy. If you are moving to this area of Texas, renting your home can be a good idea. If you do decide to rent your home here, you also need to consider your insurance needs. Renters insurance is needed here for a few reasons. 

Insurance Could be Lease Obligation

A reason that you will need to have renters insurance here is that it could be a lease obligation. Landlords are aware of the valuable protection that it can provide a tenant. This can then indirectly provide security to a landlord as well. Due to this, many landlords will require that you carry a full insurance plan at all times. They may even require that you provide evidence of the coverage before the lease term begins. 

Coverage is Needed to Protect Tenant

There are situations when a landlord will not require insurance. However, it is still a good idea to get a full insurance plan. When you are looking for a plan here, you will find that it can cover any of your personal assets and give you liability support. These forms of insurance could prove to be very helpful and save you a lot of money if an accident occurs. 

Renting a home can be a great idea for those in the Dallas, TX area. When you are looking to rent a home here, you need to pick the right insurance. As you’re looking for a home to rent here, speaking with Presley Insurance Group about your insurance needs would be a good idea. The team with Presley Insurance Group can help you assess your needs and options and build a new plan. 

What Condo Insurance in Texas Offers Homeowners

Do you own a condo in Dallas, TX? While it may be different than owning a single-family home, it can often be more confusing because of HOA involvement and what it covers vs. what homeowners do. 

If you aren’t sure what insurance policy is best for your condo, Presley Insurance Group can clear up some of the confusion for you. We have agents who specialize in condo insurance and can answer your questions and help you feel more empowered by your insurance selection. 

While your condo insurance may cover things like the unit itself, and your personal property within the condo, there is more gray area when it comes to the landscaping, your driveway, and even the exterior of the building. 

Just like homeowner’s insurance, condo insurance typically covers you in the event of damage to the home or if your belongings are stolen. Purchasing a condo is a very wise investment decision, regardless of your age or what phase of life you are in. Whether you intend to live there for the foreseeable future, flip it, or rent it out, maintaining condo insurance as long as you are the owner is essential. 

Think about any investment you’ve made in your life. It’s a heightened risk to make investments in property, so you should take the necessary steps to ensure your most valuable possessions are covered and well cared for. Condo insurance in Dallas, TX will give you peace of mind and comfort in the fact that whatever happens, your home and personal property are protected. 

If you need condo insurance but aren’t sure where to start, or what kind of coverage is best, contact the experts at Presley Insurance Group. We can help you make the right choice.