Insurance Blog | Paragon Independent Insurance Agencies

Auto Insurance and Senior Drivers

Posted on August 21, 2023August 21, 2023 by AgentInsure

As senior citizens remain active on the roads in and around Plano, TX, their unique driving needs and considerations warrant tailored auto insurance coverage. Mature drivers often have decades of driving experience, and while age can bring wisdom and caution, it may also be accompanied by specific challenges.

Understanding the Needs of Older Drivers

Specific physical and cognitive changes can impact drivers’ driving abilities as they age. These changes may include diminished vision, hearing loss, slower reflexes, and cognitive decline. However, not all seniors experience the same changes, and many remain capable and safe drivers well into their golden years.

Given the diverse range of abilities among older drivers, auto insurance providers offer considerations and discounts to cater to seniors’ specific needs and reward their safe driving habits.

Available Discounts and Considerations

Mature Driver Discounts: Many insurance companies offer mature driver discounts to seniors who complete approved defensive driving courses. These courses may qualify seniors for reduced insurance premiums.
Low Mileage Discounts: If seniors drive fewer miles per year, they may be eligible for low mileage discounts. Retirees who no longer commute to work can benefit from such deals.
Pay-As-You-Drive (PAYD) or Usage-Based Insurance: PAYD programs monitor driving behavior through telematics devices, rewarding, secure driving habits with discounts.
Customizable Coverage Options: Seniors can benefit from customizable coverage options that meet their needs. These may include additional medical coverage or coverage for mobility equipment, such as wheelchairs or scooters.
Medical Payments Coverage: Medical payments coverage can be essential for seniors, covering medical expenses for themselves and their passengers in the event of an accident, regardless of fault.

Paragon Independent Insurance Agency Can Help You

Here at Paragon Independent Insurance Agency, we can answer all your questions concerning auto insurance. We assist the Plano, TX region. Contact us today.

All You Need to Know About Purchasing and Having Commercial Insurance in Texas

Posted on July 28, 2023July 19, 2023 by AgentInsure

Are you a business owner operating your business in the Lone Star State? You need to carry proper commercial insurance that will protect your business, you as a business owner, and your employees if you have any. Commercial insurance can be a complex topic. Therefore, you should work with an insurance expert to understand it. Here is some essential information about business insurance in Texas you should know.

What Should You Know About Commercial Insurance in Texas?

The crucial facts about business insurance in the Lone Star State include the following:

Texas does not require workers’ compensation. An interesting fact is that Texas is one of the two states that does not require businesses to have workers’ compensation. However, there are certain exceptions to know. The following operations and industries need workers’ compensation: the public sector, construction contractors for public entities, natural gas and liquid propane dealers, and motor carriers.
There are factors affecting the cost of your business insurance. The main factors are the industry type and the size of your company. Business experience, risk management, prior insurance history, and other factors also play a significant role.
Insurance is regulated by the Texas Department of Insurance (DOI). The DOI regulates all types of insurance in the state, including business insurance as well. Therefore, you can always contact the DOI if you have any questions or issues with your insurance.

Paragon Independent Insurance Agency – Reliable and Trustworthy Agency in Texas

If you are shopping for commercial insurance in Texas and do not know where to start, Paragon Independent Insurance Agency serving clients in Plano, TX is here to help. Our qualified and knowledgeable insurance experts are here for you. We are ready to answer all your questions and help you find the policy you need. Whether you operate a business in Plano, TX, or any town in the Lone Star State, feel free to contact us.

Does Homeowners Insurance Cover Fences?

Posted on July 19, 2023July 19, 2023 by AgentInsure

The value of homeowner’s insurance can’t be denied whether you’ve owned a house for a year or three decades. There are millions of homes in Texas, and many residents consider adding a fence for several reasons. Whether they want more privacy or add value, it’s a good investment. Our experts at Paragon Independent Insurance Agency serve Plano, TX, by helping them understand more about their policy. One common question we get is whether or not insurance covers a fence.

Will Home Insurance Cover A Damaged Fence?

Home insurance typically covers your fence, but it must be from something considered a covered loss. For example, if you neglect routine maintenance or upkeep, that wouldn’t qualify for a replacement. Below would be examples of when your policy would cover your fence.

Strong wind or hail from a thunderstorm damages your fence
A neighbor’s tree falls on your fence, creating a gap in one of the sections and making it unusable.
A car veers off the road and crashes into your fence, causing significant damage.
These are all scenarios where your home insurance policy would likely cover the cost of repairing or replacing your damaged fence.

However, it’s important to note that each insurance policy is different, and coverage may vary depending on your policy’s specific terms and conditions. Our team of experts is always available to answer any questions you have. As a structure outside the home, it’s good to understand what is covered when something unexpected occurs.

Call Paragon Independent Insurance Agency To Get An Estimate

Do you need a quote for a home insurance policy in Plano, TX? We would love to make the process as easy as possible. Call for an estimate!

Understanding Common Types of Commercial Insurance

Posted on June 30, 2023June 13, 2023 by AgentInsure

Running a business can be risky, and it’s essential to have appropriate insurance coverage to protect yourself, your employees, and your property. Different companies will need different types of insurance policies, but there are some common policies Paragon Independent Insurance Agency recommends for businesses in Plano, TX.

General Liability Insurance: This type of insurance is designed to protect your business from expenses related to third-party claims. It covers issues like property damage, bodily injury, and advertising injury and is often mandatory for businesses that rent or lease their premises. General liability insurance also covers legal costs if a third party files a lawsuit against your business and helps cover the medical bills of someone who gets injured on your premises.
Property Insurance: Property insurance protects your business from fires, vandalism, theft, or natural disasters that can damage your property. This policy covers your business buildings, inventory, equipment, furniture, and other physical assets against damage or loss caused by covered events.
Workers’ Compensation Insurance: If you have employees, you should have workers’ compensation insurance. This policy provides wage replacement and medical benefits to injured or sick employees while performing their job duties.
Commercial Auto Insurance: If your business operates any vehicles, including company cars, delivery trucks, or construction equipment, you should have commercial auto insurance to cover them.
Professional Liability Insurance: Professionals who provide expert advice or services to clients, such as doctors, lawyers, accountants, architects, and consultants, should consider professional liability insurance.

Running a business can be challenging, and having the right insurance policies is key to protecting your Plano, TX business from potentially debilitating financial losses. Contact Paragon Independent Insurance Agency today. We can help you get the insurance you need to prepare for the unexpected in the future.

Beyond Basic Coverage: Additional Options for Texas Auto Insurance

Posted on June 15, 2023June 13, 2023 by AgentInsure

Texas state laws require all drivers operating motor vehicles to have at least the state minimum required insurance on their cars when traveling the roadways. Add-on coverage options can enhance your coverage and provide additional benefits.

A licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX can help you choose the best add-ons for your Texas auto insurance policy.

Beyond Basic Coverage Insurance Add-on Options for Texas Drivers

Collision Coverage

People who choose collision coverage as an add-on to their Texas liability insurance policies extend their benefits to cover vehicle repair or replacement for cars in an accident.

Comprehensive Coverage

Often called "full coverage," comprehensive insurance adds another layer of financial protection from non-collision-related incidents like theft or vandalism.

Uninsured Motorist Coverage

This add-on helps mitigate and reduce the devastating effects of financial damage for drivers in an accident with non-insured motorists on Texas roads.

Rental Car Coverage

Many insurance policies offer rental car coverage as a premium add-on for drivers who need to rent a car while their vehicle is being repaired or replaced.

Emergency Roadside Assistance

Nothing is worse than you and your loved ones being stuck on the side of the road with no help in sight. Roadside assistance coverage offers Texas drivers a security blanket in the form of emergency roadside assistance and towing.

How to Add Additional Coverage to Your Texas Auto Insurance Policy

Most coverage options can be added to your policy at any time. Talk to a licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX, to learn how to add these extended coverages to a new or existing Texas auto insurance policy.

An experienced agent can answer your questions about insurance add-ons and give a free quote!

Why You Need Home Insurance

Posted on May 31, 2023May 16, 2023 by AgentInsure

Everyone who owns a home should protect it with home insurance. Having a home insurance policy is required by your lender. And if you have an HOA, it will be required by them, too. It’s essential always to have your home insurance in place to protect yourself. There are many risks that you face as a homeowner. It’s crucial to guard against them with home coverage. When you need a policy for your home, call us at Paragon Independent Insurance Agency in Plano, TX.

House Protection

The house itself is protected by home insurance. This pays for the damages done to the home by a covered incident like a calamity or disaster. When the home is damaged by one of these incidents, the repairs can be costly. That’s why it’s so important to have home insurance. It will pay for the repairs to your home. And if your home is destroyed, it can pay for it to be rebuilt. This gives you an enormous amount of protection against significant incidents that can damage a home.

Other Protection

Another type of protection that you get from these policies is protection for everything in your home. All of your possessions inside your home are covered against many different risks. When things get damaged by a covered event, the policy will pay to replace those items. All of your possessions add up to an enormous amount of value. If you had to replace everything on your own, it would not be easy to afford. Home insurance also protects you against your liability at home. If someone got injured in your home, the policy would pay for the medical bills that you owe.

Get Home Insurance

If you own a home, you need to have home insurance. Call us at Paragon Independent Insurance Agency in Plano, TX.

Required Auto Insurance in Texas

Posted on May 16, 2023May 16, 2023 by AgentInsure

If you are a driver in Texas, your vehicle has to be covered by auto insurance. Different types of coverage are required to be in your auto policy. Each of them protects you in a specific way against specific risks. If you don’t have auto insurance for your vehicle, you could face hefty fees and fines and may get other punishments as well. It’s important to get auto insurance and keep it the entire time you own your vehicle. Call us at Paragon Independent Insurance Agency in Plano, TX to get your auto insurance.

Bodily Injury Liability

This type of coverage is required to be in your policy. This protects you financially if you cause an accident that results in someone else being injured. There are two amounts of this coverage that have to be in the policy. These amounts are the minimums that must be in them, but you can add to the amount you get in your policy to be better protected. There is one amount required for a single person injured in the accident and another amount for everyone injured in it. These amounts pay for the medical bills and other expenses caused by the accident. Some lenders require you to have more than the mandated minimum amount of coverage.

Property Damage Liability

There is one amount required for this coverage as well. This type of coverage pays for the damages caused by your vehicle to someone else’s property. This may include the other vehicle and things like landscaping and damaged buildings. This type of coverage is highly important to protect you financially.

Get Auto Insurance

If you don’t have your auto policy yet, call us today at Paragon Independent Insurance Agency in Plano, TX.

Does Home Insurance Cover You Against Wild Animal Damage?

Posted on April 28, 2023April 20, 2023 by AgentInsure

Homeowners need protection from various risks, sometimes including damage incurred by wildlife. If you are currently in the market for quality home insurance, you can trust the experts at Paragon Independent Insurance Agency, proudly serving the residents in the Plano, TX, area.

Wild Animal Damage

Sometimes the unexpected happens, such as wild animals damaging your home. Securing home insurance that provides some protection from loss is the best solution. It’s important to note that not all damage to wildlife may be covered. Generally, damage from larger wild animals is covered rather than that from small rodents or other pests. For example, if a bear entered your home and caused structural damage, your insurance would likely cover the loss.

Before choosing your insurance policy, please consult with one of our insurance professionals, who can provide details regarding terms and conditions. They can work with you to secure the right level of home insurance and go over the fine print to help you be an informed consumer.

We take pride in providing exceptional customer service and want to help you get the best coverage to provide you with reassurance that you’ll be covered if the unexpected occurs. We also offer support after the policy is secured.

Reach Out Today

Homeowners in the market for quality insurance products can rely on Paragon Independent Insurance Agency to offer them peace of mind. Residents in and around the Plano, TX, area should call or stop by our office to schedule a consultation with an insurance agent today. We can provide one-on-one personalized service to help you meet all of your insurance needs so you can protect the important things.

Beyond the Policy: How Commercial Insurance Can Help Your Business Thrive

Posted on April 20, 2023April 20, 2023 by AgentInsure

Having the right policies and plans is critical for success as a business owner. At Paragon Independent Insurance Agency, serving the Plano, TX area, we understand this commitment to protecting your business and prioritize helping our clients ensure their enterprises are adequately insured. Commercial insurance can provide an extra layer of protection from potential risks and protect business owners’ livelihoods.

Protecting Your Business

Having the right commercial insurance policies in place will help to protect your assets, employees, and customers. From general liability coverage and property damage insurance to workers’ compensation insurance, various types of policies can be tailored to meet the needs of your specific business. With the right combination of coverage in place, you can rest assured that your business is protected from potential financial losses due to unforeseen events such as customer injuries or lawsuits.

Building Credibility and Trust

Proper commercial insurance signals trustworthiness and credibility to current and potential clients. It allows them to feel secure knowing that their interests are being safeguarded and that you’re taking the appropriate steps to help protect their assets. This can go a long way in helping your business find success, as it builds customer confidence while allowing you to focus on what matters most – running your business.

Expanding Your Business

Sufficient commercial insurance coverage can also help support your plans for future growth. As your Plano, TX company expands, certain types of coverage may need to be updated or added depending on the size and scope of operations. Having an experienced team at Paragon Independent Insurance Agency will ensure you have the protection you need as your business grows and matures.

The Bottom Line

At Paragon Independent Insurance Agency, we understand how important proper insurance is for businesses and are committed to helping our clients ensure that their operations are adequately covered. Commercial insurance can help set the foundation for a successful future, from protecting your business to building trust and credibility. Contact us today to learn more about how our policies can help protect your business and thrive.

How do auto insurance companies assess my risk?

Posted on March 30, 2023March 17, 2023 by AgentInsure

Insurance companies are all about assessing risk. When you purchase car insurance, the company considers various factors in determining how much of a risk you pose and what your premium should be. Paragon Independent Insurance Agency explains how auto insurance companies assess risk and why it’s crucial for Plano, TX, drivers to understand this process.

Factors Used to Assess Risk

Auto insurance companies use two main factors when they evaluate an applicant’s risk level: personal information and driving history. Personal information includes age, gender, marital status, credit score, residential address (location), and occupation. Driving history includes accidents or moving violations reported to the Department of Motor Vehicles (DMV). Texas also allows insurers to consider prior insurance coverage when assessing risk levels.

These factors are so important because they give the insurer insight into how likely you are to file a claim in the future. For instance, younger drivers tend to be more prone to accidents due to their lack of road experience—which is reflected in higher premiums. Similarly, individuals with bad credit scores may also be deemed high-risk applicants since studies have shown that people with low credit scores tend to file more claims than those with good ones.

Contact Us Today

Auto insurance companies use various factors when determining an applicant’s risk level—from personal information and driving history to discounts or special programs that can help lower premium costs. Understanding this assessment process can help Plano, TX residents get the best possible coverage at the most affordable rate from their chosen insurer. Contact Paragon Independent Insurance Agency today to learn more about auto insurance policies and how they can protect you on the road! We’re ready to answer all your questions and find the right policy for your needs!

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