Will my homeowners policy protect me if someone is injured on my property?

When you purchased your homeowner’s policy for your house in Dallas, TX from State Insurance Solutions, you were probably like most people who obtained a policy because your lender required you to or because you just knew it was the best way to protect your property. The great thing about your homeowner’s policy is that it actually provides protection beyond what most people realize.

The Normal Conception of Home Insurance

Homeowners insurance is usually considered as a backup for when something bad happens so you can replace your own property, or sometimes even rebuild your home. Your appliances, flooring, electronics, and personal possessions should all be covered under a standard policy.

Other Protections Provided By a Homeowners Policy

Besides compensating the policyholder after a disaster, like a fire or theft, homeowners insurance has other benefits.

Included in your coverage is basic general liability protection. This means that if there is an accident on your property, such as if a friend falls down and gets hurt while visiting, your homeowner’s policy will probably pay for the medical bills. Otherwise, you could be liable for paying for those expenses out of your own pocket.

Your homeowner’s policy may even pay for damages to your neighbor’s property, although that kind of coverage is typically limited. This could become an issue, for instance, if your tree fell and broke your neighbor’s fence.

If you are in Dallas TX and want to get a better idea of what kinds of protections you’re really allowed under your policy, we want to help. Call State Insurance Solutions if you want us to help you review your policy or if you want to add more protection for your home.

I’m Elderly. How Will That Affect My Auto Insurance?

When it comes to determining automobile insurance rates, age is one of the primary factors insurance companies consider. In general, a driver’s age is a good gauge of your driving experience and accident risk — the more years behind the wheel you have, the less likely you are to be involved in a collision and submit an insurance claim, and the more attractive you are to your insurance company. An exception to that measure is older drivers. In fact, the insurance rates jump between the ages of 60 and 70-year-olds is 18%! 

Why do Seniors Often Pay More for Car Insurance? 

Insurance companies set their rates based on age groups based on the general driving habits of that age group, so even if you’re a good Dallas, TX driver with a clean record, your rates will probably rise as you age. As a group, statistics show that senior drivers are more accident-prone than younger age groups. Some of the reasons for this may be changes in vision and hearing, medications, health conditions, and slower reflexes. As well as possible changes to safe driving habit changes, statistics show that regardless of collision severity, senior drivers suffer more severe injuries and more fatalities than their younger counterparts. 

How to Keep Insurance Premiums Low 

While the fact is that if you are over 65, your auto insurance premiums will typically go up, there are a few ways to keep costs lower. Here are a few ways State Insurance Solutions recommends to do that: 

Change your driver status – 65 is the age many people choose to retire, meaning that you likely won’t be commuting to work anymore. By reducing the miles you drive in Dallas TX every year, you can see significant savings on your rates. Talk to your agent to review your status and change the number of miles you drive to “leisure”. 

Take a Safety or Accident Prevention Course — Many insurance companies offer in-person and convenient online safe driving classes that could save you up to 10%, however, the actual amount will depend on all factors considered, including your previous driving record. 

Join a Membership Club – Many organizations such as the AARP offer a promotional price called an “affinity discount” to senior drivers.  

For more information about how to keep your insurance rates low during your senior years, call State Insurance Solutions and speak to a friendly agent today! 

3 Things a Life Insurance Beneficiary Should Know About Payouts

The details of each life insurance policy are different. That said, all policies have several factors in common across the board. Sometimes, life insurance beneficiaries aren’t aware of how life insurance hold’s policy works until the unfortunate event of the individual’s passing. If you are a beneficiary of a life insurance policy in Dallas TX and beyond, here are three common policy factors you may not know about. Read on to stay informed in case you find yourself having to fill out a claim on a State Insurance Solutions life policy.

1. Payouts May Be Delayed If The Policy Is New

Did you know that if a life insurance policy is only one to two years old at the time of a holder’s passing, the insurance provider may investigate the claim?

This investigation will likely delay the payout. Typically, life insurance providers in Dallas, TX and beyond payout within one to two months of claim submission. If the policy is relatively new, however, the payment may be delayed up to a year.

The insurance provider may ask for additional documentation aside from the holder’s death certificate. This way, the company can investigate the possibility of fraud.

2. Insurance Providers May Be Subject To Interest Payments If Benefits Are Prolonged

Did you know that the policy holder’s insurance provider is subject to interest on payouts if they are prolonged?

From the time a life insurance claim is received to the day it is paid out, a certain percentage of interest accumulates. the interest percentage is based on the policy terms. Once the payout is sent, the provider must include the interest along with it. this benefits you as the beneficiary in the long run. Although, waiting for a payout may cause you undue hardship immediately after your loved one’s passing.

3. Benefits Are Not Paid Out In Cases Of Suicide

If the holder of a policy commits suicide, benefits are typically withheld. This term is explicit in all life insurance policies.

In cases of murder or any other fraud, a policy payout is withheld as well. This is especially true if the beneficiary is a suspect in the crime against the policyholder.

How Well Do You Know Your Policy?

Whether you’re a beneficiary of a policy or a holder yourself, how familiar are you with the terms of your life insurance?

If you’re still shopping around for favorable life policy for yourself, contact our friendly agents at State Insurance Solutions for a quote. We are eager to help you find a policy that works best for you.

Protect your business from slip and fall claims

Owning a business entails a lot of responsibility, and you may require protection from your employees and customers at some point, as counter-intuitive as that may seem. Without adequate liability coverage for slip and fall claims, your Dallas, TX area can be required to absorb various legal bills that may or may not be fair or just. The team at State Insurance Solutions is here to help you protect your business and your economic growth. Don’t let a nuisance lawsuit have a detrimental effect on your bottom line. 

Protect your business from slip and fall claims

Slip and fall claims can happen more often than we like to think about, and it’s not just customers, visitors, or vendors who can file a claim. Employees are also susceptible to falling or sustaining an injury on company property, and no matter how slight the injury may be, a lawsuit can be filed. These claims can sometimes be spurious, and at other times they have merit. No matter the validity, it is still an eventuality that you need to protect yourself from.

Maintaining adequate liability insurance is a key part of any comprehensive commercial insurance policy. If you are in a business where there is the potential for a lot of lawsuits or litigation, you may want to ask your agent about your umbrella insurance options in order to raise the level of protection that your policy provides. Don’t let all of your time and hard work be negatively impacted by a careless accident or mishap!

If you are an owner of a Dallas, TX area business it’s time to contact the team at State Insurance Solutions. We are here to meet your commercial insurance needs and help you protect all of your hard work!

Reclaiming your totalled car in Texas

When you are in an accident your car may be declared a total loss by the insurance company. If the cost to repair the vehicle is more than the market value. State Insurance Solutions in Dallas, TX can help you sort your options, and can help you make sure you have the insurance you need.

If the costs between the two are very close there may be some negotiation involved. If you disagree with the value the insurance company places you may check with car dealers and vehicles for sale to make your case.

If you want to keep your car you have to let the insurance company know as soon as possible. Soon after the claim is settled the car will likely be sold for salvage.  If you decide to keep your car, the insurance company will subtract the salvage value from what it was intending to pay you. The salvage value is low, so you will still get some money.

Once you make the choice and the claim is settled you will be given a salvage title.  You will still have to get a new title from the Texas Dept. of Motor Vehicles before the car can be legally driven.  Even with a new title, the fact it has been salvaged will be noted. It will be fine for driving but you may have a hard time selling the vehicle at a later date.

Call or visit State Insurance Solutions in Dallas, TX to get the insurance you need and your insurance questions answered. You may visit our professional staff in person, or give us a call. You may also visit us online and use our online tool to get an idea of what your insurance rates will be.  Get in touch with us today to make sure you have the coverage you need.

Home Insurance Is An Important Investment

Your home represents what is likely the largest one-time purchase you have ever made to this point. It may end up being the largest purchase you ever make during your lifetime. Because it represents such a valuable investment it is vital for you to protect it. To best do this you need to invest in home insurance. Home insurance offers a number of ways to safeguard your home and help you pay for necessary repairs. If your property is in or around the greater Dallas, TX area, State Insurance Solutions can help you find the right coverage for your particular property. 

Damage Can Happen At Any Time

Your home is under constant threat for possible damage. A sudden downpour might flood the property, or you may discover a crack in the foundation. Even your kids playing catch outside can result in broken windows or a damaged roof. There’s no limit to the ways your home can be damaged. Unless you want to make these sometimes costly repairs out of pocket, your best bet is to invest in home insurance. 

Liability Protection

Hopefully, this is something you never have to deal with, but if someone trips on the sidewalk in front of you, or even falls down stairs inside of your home, they may attempt to file a lawsuit against you. Even if you are in the right, hiring an attorney is expensive. Liability insurance will help pay for this. 

There is no shortage of the ways home insurance can protect your property. Even if you currently have home insurance now is an excellent time to shop around for improved coverage that delivers a better bang for your buck. If your property is around the Dallas, TX area you should give the team at State Insurance Solutions a call to find out more.

What Are the Different Types of Commercial Insurance?

When you’re in the beginning stages of starting your business in Dallas, TX, there’s a whole lot on the front of your mind. With overhead and employees, taxes and licensing fees swimming in your mind, you feel like the last thing you need on your plate is another to-do list. No matter how insignificant or negligible it may seem to you at first, getting the right commercial insurance plan for your new business is a crucial step in legally establishing your fledgling enterprise. In fact, some commercial insurance is required by the state of Texas before your company officially opens for business. 

State Insurance Solutions brings you a list of the most common types of commercial insurance that your business is likely to need. 

  • Commercial General Liability Insurance helps to protect business owners from different types of liability or libel claims, dependent on their unique coverage plan. 

  • Commercial Auto Insurance is required by Texas for any business with company vehicles. Policies like these will protect your business from legal, medical, and repair expenses acquired on the job. 

  • Workers Compensation Insurance is not required by the state of Texas, but may be an important investment for your business. If employees are working with you in any capacity, you may need to give this type of insurance some serious thought. 

The types of insurance your Texan business requires will largely depend on its size and specific industry. For more information, speak with your local insurance company. 

If you’re feeling overwhelmed by the myriad of commercial insurance options, know that you aren’t alone. Contact the friendly and reliable team members at State Insurance Solutions, serving the Dallas, TX area and beyond for thirteen years and counting. See why our professionals truly believe that #insurancematters today.

Whole life versus term life which is right for me

When it comes to determining which is right for you, whole life versus term life, there are a few questions you need to ask yourself.  If you live in the greater Dallas, TX metro area stopping by the office of State Insurance Solutions can help you to understand what is the best option for you. Both types of life insurance will provide for your beneficiaries in the event of your untimely end. 

Whole life

Whole life is a long term insurance coverage. It can last throughout your entire life. Most policies will earn dividends which add to the value of the policy. If you should ever need to you can borrow from your policy and there may be the option to use the dividend to pay premiums. Whole life is a long term proposition, the premium stays the same for the entire life of the policy and it will cover you no matter how long you live. If you have trouble saving, a whole life policy can provide protection while allowing you to have a nice little nest egg. 

Term Insurance

Term insurance has a term, it may be 10, 20 or 30 years but at the end of that period, your protection will end. When the term ends you may have an option to renew but you won’t earn dividends. Term life insurance offers higher amounts of protections in the years when you need the most coverage. When you have a family you want to make sure that they will be able to continue to maintain their lifestyle if you should pass.  Term life insurance is affordable enough to provide the income necessary. 

Life insurance is not a requirement but for most people, it provides a safety net to their dependants in the event of their passing. State Insurance Solutions in Dallas, TX can help you to understand your options. Give us a call or stop by our office and let our experienced agents answer all your questions. 

How to avoid hydroplaning

When you’re caught in a downpour in Dallas, TX, road conditions can quickly deteriorate. Keep yourself and your passengers safe by remembering the following tips to avoid hydroplaning, brought to you by State Insurance Solutions.

Be Aware

Hydroplaning often happens when a large amount of rain falls, especially in a short period of time, but it can happen any time there is an excessive amount of water on the road. Even if it is not currently raining, be aware of the road conditions and drive accordingly.

Drive Slowly

When conditions are favorable for hydroplaning, you should always drive cautiously and slowly, even as slow as 30 MPH. You should also take your foot off the gas as soon as you begin to feel your vehicle start to hydroplane, and turn the wheel in the direction you are hydroplaning to help your tires get traction on the road.

Don’t Use Cruise Control

Cruise control is a convenient function, but many people don’t know that using cruise control can increase your risk for hydroplaning. If conditions are favorable for hydroplaning, refrain from using cruise control.

Maintain Your Tires

The conditions of the road are the major culprit of hydroplaning, but you can help reduce your risk by keeping your tires in top shape. Always keep your tires at the correct pressure for your vehicle, and don’t let them get too worn down before replacing them.

When you feel your vehicle hydroplane, it can be a scary experience and a reminder to slow down and take it easy on the road. In the event that hydroplaning causes an accident, State Insurance Solutions, serving Dallas, TX is here for all of your auto insurance needs.

Understanding the Basic Steps of the Home Insurance Claims Process

The Dallas, TX area is no stranger when it comes to natural disasters. After a sudden hailstorm, a severe flood or a tornado wrecks your home, filing a home insurance claim is the first step to putting your home and your life back together.

Here are some of the basic steps, courtesy of State Insurance Solutions, you’ll need to go through when making your home insurance claim:

Document and stabilize the damage.

Take pictures of the damage done to your home and itemize all of the belongings that were lost or damaged in the process. You can also make temporary repairs (such as boarding up broken windows or placing a tarp over your roof) to prevent your home from being damaged further, but remember to save all of your receipts.

Get in touch with your insurance agent.

The clock starts ticking on your claim after the damage is done. In most cases, you’ll have up to a year from the date your home was damaged to file your claim. Contact your agent as soon as possible to get started on your claim.

Meet with the claims adjuster.

A claims adjuster from the insurance agency will inspect the damage to your home and provide an estimate of the repair costs. If your home is a total loss, you’ll get an estimate of the replacement costs for your home. You’ll also have a chance to ask questions and take notes.

Be prepared to negotiate.

If the claim adjuster’s final estimate fails to adequately cover all of the damage to your home, you may need to negotiate. Fortunately, the photos and other documentation should help you achieve a fairer estimate.

The experts at State Insurance Solutions can help you find the right policy that suits your Dallas, TX home best. Get in touch with us today to get started.