Why do tenants need renters insurance in Dallas?

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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

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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. 

Who needs motorcycle insurance in Dallas?

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Those that live in the Dallas, TX area will find that owning a vehicle makes it easier to get around the entire metro area. As you are looking for a vehicle, it would be a good idea to get a motorcycle as they are efficient and fun to operate. If you would like to get a motorcycle here, you need to make sure that you have proper motorcycle insurance coverage at all times. 

Those with Outstanding Loans

A situation when having motorcycle insurance is needed is when you have an outstanding loan. The process of buying a motorcycle can end up being quite expensive and taking out a loan is a way to ensure you can afford the purchase. If you do have a loan outstanding, your lender will require you to carry proper coverage. This can include requiring you to have motorcycle insurance with comprehensive protection.

When Driving on a Public Road

Those that have motorcycles in this area of Texas are also required to carry motorcycle insurance when they want to drive on a public road. If you decide to drive on a road in this state, you need to comply with the requirements surrounding liability insurance. If you do not have at least the minimum level of liability motorcycle insurance, you will be out of compliance with the law and could be penalized. 

People that live in the Dallas, TX area and have a motorcycle need to ensure they pick the right insurance plan. As you are evaluating all of your insurance options in this area, calling the Presley Insurance Group is a great option. The insurance team with the Presley Insurance Group can help you carefully assess all of your options and choose a plan that will give you ideal coverage. 

Understanding the Nature of Liability in a Car Crash

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Millions of car crashes occur every year, many of which cause extensive damage to vehicles. If you’re in this situation and you aren’t sure who to blame, it is vital to understand the nature of liability and how it affects your policy. We at Presley Insurance Group can help Dallas, TX residents understand more.

Liability is Decided by Who Caused the Accident

Blame is typically placed on the person who contributed most to a car accident. Sometimes, this information is much more apparent than it is in other cases. For example, if a person racing at 150 miles per hour hits a parked car, they are liable for the accident.

However, some states have what is known as a shared liability defense. This concept states that both people involved caused the accident and rates them according to the percentage of the accident that they triggered. As a result, your insurance may be affected in many ways.

How Your Insurance May Change

Expect your insurance company to cover any liability problems caused by your crash up to your term limit. Once that is paid, you will have to pay out of pocket for any other expenses. You can also expect your premiums to increase significantly and may even find yourself on a "high risk" policy.

These policies are typically designed for people who are considered problematic or likely to cause situations like car crashes. Getting one of these policies is often frustrating and may affect things like your credit score.

Don’t Get Caught in a Hard Situation

If you were in a car crash and fear that you might have been liable, contact us at Presley Insurance Group to learn more about how you might be affected. We will help Dallas, TX residents and those in the surrounding area better understand this situation.

Why Texas Business Owners Should Add Cyber Coverage To Their Commercial Insurance Policies

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Presley Insurance Group is an independent agency. We view all of our clients like family. Establishing that connection with our clients helps us ensure that all of their needs are covered. We offer multiple types of coverage to the Dallas, TX community. We look forward to serving you and helping you find the coverage you need to protect what matters most.

Why Texas Business Owners Should Add Cyber Coverage To Their Commercial Insurance Policies

The Dallas, TX economy thrives due to growing businesses. However, this also means that the marketplace is very competitive. As a business owner, you are constantly looking for ways to stand out from others in your chosen industry. Commercial insurance is important because it protects your business if an emergency arises. The foundation of your policy is liability protection. Your business is covered if you are held responsible for accidentally causing harm to someone or damaging someone’s property. Liability coverage helps ensure that you will not lose your business because of an accident. Commercial insurance also covers your business if your inventory and equipment are stolen or damaged.

In this current age of technology, many businesses are using digital processes to operate their business. That comes with a lot of risk, as hackers are constantly looking for ways to infiltrate sensitive data. Cyber coverage protects your business if you are the victim of a security breach. Without cyber coverage, you would be held liable if a hacker gains access to your customer’s or employees’ bank account information or Social Security Numbers. This could be seen by many as a breach of trust, possibly damaging the reputation of your business moving forward. Cyber coverage could prevent you from losing your business.  

Presley Insurance Group Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.

Things to consider when choosing your home insurance coverage

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Home insurance is not a single type of coverage. There are several components, and they all have things that need to be considered. Every homeowner has different needs, and every home policy needs to fit that homeowner. At Presley Insurance Group in Dallas, TX, we have developed a market with over 100 carriers. We aim to retain our customers by getting to know them and making sure we tailor their insurance to their unique needs. 

How much liability insurance you need

Liability protection is a vital part of home insurance coverage. If you have considerable assets, you need considerable liability coverage. Suing has become a national pastime, and 10% of all people will be sued every year, 30% will be sued at least once in their lifetime. If your number comes up, you need to have enough liability coverage to protect yourself. A basic home policy won’t have enough coverage unless your assets are pretty basic. 

What riders might you need to add

While home insurance covers many things, it does have limits and exclusions. You get can around these with a rider to your policy. 

  • Jewelry– If you have some expensive jewelry pieces, you may have already surpassed the limit on your home insurance.
  • Sewer backup– This is not covered on a typical home policy. If it worries you, add a rider. 
  • Hurricane– If you live in a state where hurricanes are dangerous, checking that you have hurricane coverage is important. 

How your home is valued

Make sure the figure your home is valued at will actually allow you to replace it if it is a complete loss. Do some research and discuss the square footage and improvements with your agent. Three out of five homeowners are underinsured. 

When you are in the market for home insurance, contact Presley Insurance Group in Dallas, TX.

5 Important Facts About Renters Insurance

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Presley Insurance Group provides coverage to the Dallas, TX community. Our primary goal is to make sure that our clients find the policies they need to protect their assets. We offer flexible coverage options to make things as convenient as possible for our clients. We also have working relationships with multiple carriers throughout Texas.

Important Facts About Renters Insurance

Renters insurance protects all of your personal items inside the property. You are covered if any of your possessions are stolen or vandalized. Liability coverage protects you if someone is injured while visiting your property. Here is a look at some important facts regarding renters insurance.

The Policy Covers Your Possessions Outside The Unit

Renters insurance can cover your personal items when you take them away from the unit. You can amend your policy so that you are covered if your items are stolen out of your car, or something happens while you’re on vacation. It’s a good idea to take inventory of your items to have a clear idea of how much everything is worth.

Luxury Items

If you have a valuable painting in your rental property, renters insurance covers it. However, you’ll likely need to add extra coverage to protect the item if it is damaged fully.

Alternative Lodging

If your rental property suffers severe damage, you can amend your policy to cover you while you seek alternative lodging in Dallas, TX until your property is repaired.

Liability Coverage Applies To Your Loved Ones

Your liability coverage can protect you if your pet causes damage to someone else’s property.

Interior Coverage

Renters insurance covers any damage to the interior of your unit. You are protected if something happens to the carpet or walls.

Presley Insurance Group Will Help You Find The Coverage You Need

Visit our website to learn more information about renters insurance.

Do I need condo insurance in Dallas?

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When someone is moving to the Dallas, TX area, they will have many important decisions to make. One choice that they will have to make is around where to live. For those in the Dallas area, buying a condo is often a good investment as it comes with various advantages and amenities. Along with buying a condo, you also need to choose a new insurance plan. You will need this insurance coverage for a few reasons. 

Lenders require coverage

A widespread reason people in Texas will need to have a condo insurance plan is their lenders. When you purchase a condo, taking out a financing with a mortgage is a good option. If you get a loan, the mortgage lender will require that you maintain condo insurance until you have repaid the loan.

Coverage is an Association Requirement

You will also need to have a condo insurance plan because your condo association will require it. Most condo owners will live in a larger condo association community. While there are benefits of living in one, there are rules as well. One rule you will need to follow is to get a proper condo insurance plan. 

Those that would like to buy a condo when they are in the Dallas, TX area need to ensure that they get proper insurance coverage at all times. If you are interested in getting a condo insurance plan in this area, calling the Presley Insurance Group is a good option. The insurance professionals with the Presley Insurance Group understand the importance of having this coverage. We can give you the support you need to evaluate your options better and get into a quality policy. 

A Guide to Motorcycle Insurance

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The Texas Department of Transportation reports that more than 1800 motorists got severe injuries in 2019. Motorcycles, just like vehicles, are prone to accidents that can lead to significant losses. If you’re a motorcyclist in Dallas, TX, consider visiting Presley Insurance Group for your motorcycle insurance needs. 

You’ll know more about the policy and understand which option suits you best. Here is a guide to motorcycle insurance to give you more insights into the policy. 

Requirements for Motorcycle Insurance 

States often require motorcyclists to have liability insurance. This kind of insurance pays for damages or injuries that you cause. It would be best to get an insurance policy that’s more than the minimum requirement in Texas for maximum protection. 

Coverage Options for Motorcycle Insurance 

Motorcycle insurance has almost similar options to auto insurance. Other than the liability and the uninsured motorist coverage that you must have, there are other options to consider:

Collision 

This coverage pays for damages to your motorcycle, which is usually minus the deductibles. With the prevalence of motorcycle crashes, you might want to obtain this coverage.

Comprehensive

The comprehensive coverage comes in when your motorcycle sustains damages from other accidents besides a collision. It further compensates for stolen motorcycles. 

Personal Injury Protection

This cover pays for medical bills that you suffer from in a motorcycle accident. The insurance covers your passengers and pedestrians who sustain injuries. You can get in touch with Presley Insurance Group to learn more about what this insurance entails. 

Motorcycle insurance has other add-on options that you may want. These add-ons include:

  • Roadside assistance 
  • Trip interruption options
  • Insurance for custom parts, accessories, and equipment 

If you are a motorcyclist in Dallas, TX, Presley Insurance Group is your motorcycle’s ideal insurance partner. Our professional agents will guide you through the options and help you make choices. Contact us today to enjoy our vast range of insurance available for you.

What types of coverage can you get on an auto insurance policy?

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When you think of the auto insurance you purchase to stay safe while driving on Dallas, TX roads, you might think of the coverage the state requires – property insurance and liability, but you need so much more than that. You need full coverage from Presley Insurance Group, which also includes comprehensive and collision insurance. You can round this out with roadside assistance coverage plus uninsured motorist coverage and personal injury protection (PIP).

Collision pays for the repairs or replacement of the vehicle when your vehicle collides with another vehicle or something like a fence or mailbox. Any stationary or moving, non-living object your vehicle strikes or that strikes your vehicle falls under collision. When you hit a deer or other animal with the vehicle, your comprehensive coverage covers it. Acts of God, such as tornadoes or fire, also fall under this coverage.

Roadside assistance coverage means you have someone to call who will come tow your vehicle whenever any of those accidents happen. This coverage also kicks in when you get a flat tire or run out of gas on the road. Instead of paying out of pocket, you have insurance that covers the charges.

Uninsured motorist coverage ensures that you still receive funds to repair your vehicle or pay medical bills if the vehicle’s driver that caused the accident had no insurance. It also typically covers underinsured drivers, so if the driver that caused the accident only carried the state minimums, but your damages and injuries resulted in much greater bills, this insurance pays for that.

PIP coverage pays for your medical costs regardless of who caused the accident. That means even if you hit a mailbox and hurt yourself, PIP covers your medical bills.

Contact Presley Insurance Group of Dallas, TX to learn more about auto insurance protections. We can help you obtain the coverage you need to stay safer on Texas roads.