Author: admin

Does It Make Sense for Spouses To Share the Same Auto Insurance?

Posted on by admin

Is it really logical and financially prudent to share the same auto insurance coverage with a spouse? Though many spouses are on the same auto insurance policy, it isn’t guaranteed to be the most prudent arrangement. Here’s the Presley Insurance Group’s inside look at shared auto insurance between Dallas, TX spouses.

Sharing Auto Insurance With a Spouse

The argument against sharing an auto insurance policy with a spouse or anyone else is that another person’s actions can lead to a negative outcome for you. If your spouse gets into accidents or gets speeding tickets, the cost of insuring both of you will increase. Alternatively, there is no such risk if you are on your own auto insurance policy.

The argument for combining car insurance with a spouse is that the consolidation of coverage is more convenient. Moreover, some insurers offer more affordable coverage when grouping spouses together on the same insurance. It really is that much simpler to add two vehicles and covered drivers to the same policy.

From the insurer’s perspective, combining married couples onto a single policy reduces risk. The logic is that married couples tend to mature faster, meaning they pose less risk on the road. Moreover, couples tend to be more conservative, meaning they are less likely to change insurers.

Consider the Financial Angle

Above all, the logic in sharing auto insurance with a spouse is the discount. In most cases, married couples receive a multi-car discount when sharing a policy. The bonus of streamlining account management and billing makes sharing coverage for car insurance that much more enticing.

It is also worth noting married couples’ joint policies almost always provide superior coverage for both vehicles, providing equal protection for both individuals.

Contact the Presley Insurance Group

Our insurance team serving Dallas, TX is a call away. Dial today for your customized quote.

Why Your Business Needs Commercial Insurance on Day One

Posted on by admin

The most important thing you can do when opening a business isn’t setting the lowest price. It’s getting insurance. Full protection for your business in the form of comprehensive commercial insurance helps keep the doors open when disaster strikes.

Recognize the Importance of Commercial Insurance

You’ve worked long and hard to build your business. Protect that investment with commercial insurance and you’ll do business with confidence. 

Commercial insurance is particularly important in the context of legal liability. Safeguard your Dallas, TX business with liability coverage from the Presley Insurance Group and you’ll have essential financial protection in the event of an injury and subsequent lawsuit.

Comprehensive insurance includes workers’ compensation insurance. This way, if an employee is injured, you won’t face a potentially financially crippling lawsuit. Rather, your insurance will kick in to offset the cost of medical care causally related to the workplace injury.

Additional Coverage for Businesses of all Types

Comprehensive commercial insurance also includes protection against unfortunate events such as property damage and theft. If someone steals products or damages your business in any way, simply file a claim and your insurance will offset most or all of the cost.

What matters most is that you have commercial insurance on the first day of operations. If you were to delay, you would run the risk of a single event upending your business.

There’s no sense letting a customer injury, worker injury or property damage occur on the first day or first week then paying the entire cost out of pocket when affordable insurance is available. Coordinate coverage prior to opening your doors and you’ll conduct operations without the slightest worry.

Get Your Quote From the Presley Insurance Group 

If you are starting a business in the greater Dallas, TX area or already own one, you need the right insurance policy. Give us a call to get your quote.

Does Your Home Insurance Cover Temporary Housing?

Posted on by admin

After a lightning strike or fire, you may need to move out of your home temporarily. In this case, your home insurance may offset the cost of a short hotel stay while you conduct repairs. For more extensive damage caused by vandalism, a tornado, or another covered event, you may require rental assistance. Depending on how your policy is written, you could be eligible for storage fees, rental expenses, and pet boarding. An agent at Presley Insurance Group, serving Dallas, TX, can help you better understand the role your home insurance plays in covering temporary housing.

What Is Temporary Housing Coverage?

Also called loss of use coverage, temporary housing is typically included in home insurance policies. How do you qualify? If your home becomes uninhabitable after a covered loss, your policy may cover the cost of maintaining a separate home. Your agent can help you understand your current insurance does and doesn’t cover. Additionally, we’ll offer advice on what limits will best cover your risks. 

How Does Temporary Housing Coverage Work?

Additional living expense coverage pays for a hotel room or apartment rental while you rebuild or repair your home. You’ll probably have additional costs, such as restaurant meals, laundry expenses, and storage fees associated with the covered peril. Pet boarding and gas mileage may also apply, especially if you can’t bring your pet with you to the hotel, or you have a longer commute to work. Fortunately, these expenses are usually included in temporary housing insurance. 

Remember, this coverage only applies if you lose the use of your home after an event listed on your home insurance policy. Contact an agent at Presley Insurance Group to schedule a home insurance review for your property in Dallas, TX.

3 Questions To Ask When Getting Renters Insurance

Posted on by admin

If you live in an apartment, you may have considered getting renters insurance. Shopping for renters insurance is easy when you’re looking for a policy with Presley Insurance Group, servicing Dallas, TX. As independent insurance agents, we work for you, not an insurance company. We’ll help you find a renters insurance policy that meets your needs.

Our experienced insurance professionals are here to answer your questions and provide you with information to help you throughout the process. Below are three questions you should ask when you’re shopping for renters insurance.

1. What Does Renters Insurance Cover?

Renters insurance covers the belongings in your apartment when a covered event occurs. For example, if a small kitchen fire damages your plates and other kitchen utensils, your renters insurance policy will likely pay to repair or replace whatever is damaged or ruined, minus your deductible. Renters insurance does not cover the structure where you live.

2. How Much Does Renters Insurance Cost?

Renters insurance policies vary in cost. Talk to your insurance agent to find out how much you can expect to spend on a policy. Your independent insurance agent can help you shop around for a policy that will fit in your budget while also meeting your needs.

3. What Are the Benefits of Renters Insurance?

Renters insurance provides peace of mind and can help you avoid financial difficulty after a covered event. If you don’t have enough money to replace all of your belongings after a fire or another covered event, you can benefit from renters insurance. 

Do you have more questions about renters insurance? The professionals at Presley Insurance Group, servicing Dallas, TX, can help. Call to speak with one of our insurance professionals and find a policy that meets your needs. 

Does Condo Insurance Cover Injury Lawsuits?

Posted on by admin

Condo insurance in Dallas, TX, can cover a variety of situations, from personal property damage to your portion of paying for a new roof. As a condo owner, you may also face liability lawsuits for injuries, such as someone slipping on your sidewalk or a dog bite. Understanding how your policy works is essential.

Liability Lawsuits

Liability lawsuits involving injuries are typically covered by condo insurance. These lawsuits often arise from incidents like someone falling or getting injured on your property. Your insurance can help cover medical bills or a judgment against you.

Exceptions to Coverage

There are exceptions to liability coverage. Many insurance companies, including Presley Insurance Group, list specific exclusions in their policies. For example, some policies may not cover injuries caused by pets, such as dog bites. Additionally, injuries deemed to be your fault, like someone slipping on an icy sidewalk you didn’t salt, may not be covered. It’s important to speak with an agent to understand your policy’s exclusions fully.

Location of the Injury

The location of the injury plays a significant role in determining who is responsible for coverage. If the injury occurs on your property, it’s typically covered by your insurance. However, injuries that happen in shared areas, such as a playground, are usually covered by the master policy. These shared spaces are not your responsibility.

Coverage Limits

While condo insurance can assist with injury lawsuits, it’s important to note that coverage is limited to the policy’s maximum payout. If the costs exceed your coverage limit, you’ll be responsible for paying the remaining amount out of pocket.

An agent at Presley Insurance Group can help you learn more about how injury lawsuits and condo insurance policies work. Contact us today! We’re currently serving the Dallas, TX, area.

What Motorcycle Insurance Really Covers After a Theft: Understanding Your Protections

Posted on by admin

When you park your motorcycle, you expect it to remain safely where you left it until you’re ready to ride again. Unfortunately, bike theft can happen, and it’s a situation no rider wants to face.

Having your motorcycle stolen is stressful, but knowing what your insurance policy through Presley Insurance Group, serving Dallas, TX, covers can help ease the burden. Theft protection isn’t automatically included in every policy, so it’s important to review your coverage before you ever need it.

Comprehensive coverage is a type of motorcycle insurance policy that typically includes theft protection. If your bike is stolen, this coverage can reimburse you up to the policy limit, minus your deductible. The payout is usually based on the actual cash value of the motorcycle at the time of theft, not the original purchase price. Riders with custom parts or accessories should confirm whether those items are included or if separate coverage is required.

Beyond the Bike Itself

Theft claims can cover more than just a total loss. If your motorcycle is recovered but damaged — such as broken locks, missing parts, or cosmetic damage — repairs may be covered under the same claim. Some policies even extend coverage to approved riding gear, though limits and requirements can vary.

What’s Not Included

There are limits to what theft coverage will handle. Personal belongings that aren’t permanently attached to the motorcycle, such as backpacks, helmets, or phones, are typically excluded. Additionally, if you only carry liability coverage, theft protection will not be part of your policy.

Steps to Take After a Theft

If your motorcycle is stolen, the first step is to contact law enforcement and file a report. Then, notify your insurance agent at Presley Insurance Group, serving Dallas, TX, to begin the claims process. Having your VIN, policy details, and a list of customizations ready can help expedite the process.

Reviewing your policy now ensures you know exactly what’s covered and that you have the protection you need if the unexpected happens.

How the TDI is Helping to Lower Texas Auto Insurance Rates

Posted on by admin

If you’re a Texas driver, you are required by law to purchase auto insurance. Some Texas drivers may have questions about their auto insurance policies. If you are in the Dallas, TX, area, our team at Presley Insurance Group invites you to bring your questions to our office. We’ve been working with drivers like you since 2017.

How TDI is Helping to Lower Texas Auto Insurance Rates

Insurance premium rates are influenced by market forces within the insurance industry. According to the Texas Department of Insurance (TDI), these market forces include demand for coverage, the cost of paying claims, and industry competition. Although TDI doesn’t set the rates for auto insurance premiums, its actuarial staff reviews rate filings from insurance companies across the state. According to the TDI website, the agency reviewed over 2,300 Texas auto rate filings during 2024.

When auto insurance rates are filed with TDI, they are reviewed to ensure compliance with Texas law. TDI can request that insurance agencies reduce the cost of these rates. In 2024, 304 of the submitted rates were rejected or questioned by TDI. After the review and communication process, many agencies reduced their clients’ premiums. The same website reported that this process typically saves Texas consumers an average of over $29 million per year.

Call Us Today for Your Appointment

When you’re involved in an auto accident or stopped for a traffic violation, you must show proof of insurance to a police officer. Our team at Presley Insurance Group can help ensure you are adequately insured. Drivers in the Dallas, TX, area have come to trust our guidance when navigating insurance matters. Contact us today to schedule an appointment and let us help you find the right insurance policy.

How Professional Liability Insurance Works

Posted on by admin

If you operate a business in Dallas, TX, and are an expert in your field, regular business liability insurance may not be enough to protect your interests. Professionals in certain industries who offer advice should consider professional liability insurance. The agents at Presley Insurance Group can help you understand how this type of policy can safeguard your business.

Understanding Professional Liability Insurance

Professional liability insurance, also known as errors and omissions (E&O) insurance, protects professionals from legal claims made by clients involving errors, omissions, or negligence in their services. This insurance covers the costs of legal defense, judgments, and settlements when a client sues, even if the lawsuit isn’t proven. These costs can quickly add up and potentially force you out of business if you don’t have adequate protection. Unsatisfied clients can sue for any reason, regardless of the size of your business.

There are two types of professional liability policies. The most common is the claims-made policy, which triggers coverage while the policy is active, regardless of when the event occurred. Occurrence policies, on the other hand, provide coverage for events that happen during the policy period, even if the lawsuit is filed after the policy has expired.

How Professional Liability Differs from General Liability

General liability insurance covers issues like physical injuries or property damage, while professional liability insurance covers claims related to errors, omissions, and negligence in your advice or services. A professional liability policy activates immediately when a claim is filed. Like other insurance policies, you’ll need to pay a deductible first, but afterward, the E&O policy will cover claims and legal fees up to your policy limits. A high-limit policy can potentially save your company from significant financial losses.

Get started on professional liability coverage by contacting Presley Insurance Group. Our experienced professionals, serving residents and businesses in Dallas, TX, and neighboring communities, are here to help you find the right coverage for your needs.

Hidden Risks at Home: Why Home Insurance Still Matters

Posted on by admin

If you’re a real estate investor, protecting your investments and assets as much as possible is crucial to prevent avoidable or preventable losses. For those investing in properties in Green, OH, you may be wondering if renters’ insurance is legally required. At Ken Boldt Insurance Agency II Inc., we assist our clients through the process of researching, reviewing, and selecting comprehensive insurance policies and plans that provide maximum protection, whether you’re an individual renter or an experienced commercial investor.

Is Renters’ Insurance Required for Property Investors in Ohio?

No, renters’ insurance policies are not legally required for property investors in Green, Ohio. However, it’s often beneficial for landlords or property owners to require tenants to purchase renters’ insurance if a unit or home is being leased or rented out.

Why Renters’ Insurance Should be Required by Landlords and Investors

If you are an investor or landlord, it’s advisable to require tenants to purchase renters’ insurance to:

  • Protect against liability claims that may be filed against you.
  • Protect your tenants’ belongings if there is an issue with your building’s structure.
  • Encourage your tenants to be responsible and vigilant when it comes to protecting their surroundings and their property.

Although it’s not legally required for investors in Green, OH, to purchase and maintain renters’ insurance, it’s always advisable to require your tenants to do so before leasing a home, apartment, or facility to them. The more prepared you are in advance, the less likely you will encounter issues with filing claims or working with your insurance agency should an accident or event occur. To learn more about renters’ insurance requirements for tenants and property owners in Green, contact Ken Boldt Insurance Agency II Inc. today.

Does Renter’s Insurance Protect Collectibles?

Posted on by admin

Renter’s insurance protects personal belongings in an apartment or home you rent in Dallas, TX. Some people think that everything inside your home will be covered if something is lost or damaged due to a covered risk. However, that’s not the case if you own expensive jewelry or collectibles. You can protect your valuable items by getting the right insurance policy from Presley Insurance Group.

Understanding Standard Renter’s Policies

Most companies base premiums for renters’ insurance policies on the amount you estimate your belongings are worth. This amount would include the total value of your clothes, furniture, electronics, jewelry, and other similar items. If you collect items like vintage toys, you may think that including the worth of these items in the figure will suffice, but often it does not. Depending on the company issuing the renter’s policy, you may receive a small portion of the value of the collectible damaged or lost due to a covered risk. However, some policies won’t reimburse you at all. So, how do you protect your Star Wars or similar collection?

Options for Additional Protection

Some carriers allow you to schedule your valuable collectibles, such as those for a homeowner’s insurance policy. You list your valuable items. However, that option may not work for some policies, depending on the type of collectibles you own. Another option is to buy a separate collectible insurance policy. Collectibles insurance allows you to protect virtually any type of item deemed collectible. Examples include:

  • Figurines
  • Antiques
  • Books and manuscripts
  • Musical instruments
  • Records and CDs
  • Sports cards and memorabilia
  • Toys and trains
  • Vintage clothing

Many different items can qualify for a collectibles insurance policy. To understand how this insurance works, contact the professionals at Presley Insurance Group, serving Dallas, TX. Call us today to get started on a policy protecting your valuables.