Don’t forget about flood insurance when protecting your home or office!

Posted on September 14, 2022September 14, 2022 by admin

The David King Insurance Services LLC team is here for the residents and business owners in the Coppell, TX area. If you are unsure if flood insurance is necessary to protect your property, give us a call. We can review your location and help you determine if this type of insurance is something that you need.

You may need flood insurance even if your home or office isn’t in a flood zone

Questions about needing flood insurance are easy to answer if you live in a flood zone or your lender requires you to have it. However, there are many situations where having this additional insurance makes a lot of sense. Most primary policies, both home and commercial, have exclusions for losses that are caused by flood water. Because of this, it is often a smart idea to have a flood insurance policy in addition to other insurance.

If you are in an area that is outside of flood zones but still experiences flooding, it’s time to consider a flood insurance policy. First, check your home or commercial policy to see what exclusions there are with the policy. Next, sit down with a local agent to review your flood insurance options. Having a flood insurance policy can help protect you from losses that are due to flooding and that your primary policy might not cover.

Call or stop by today!

If you are a property owner in the greater Coppell, TX area, you can rely on the team at David King Insurance Services LLC. We are here to answer your questions and provide any information necessary for you to make an informed decision when it comes to all types of insurance. Give our office a call or stop by today!

The 5 Most Important Things to Know About Your Condo Insurance Policy

Posted on August 30, 2022August 30, 2022 by admin

When you buy a condo, you automatically become a member of the condo association. This is a group of people who own and manage the property collectively. The condo association is responsible for maintaining the common areas and amenities and insuring the building. As a condo association member, you are required to carry insurance on your unit.

But what does that mean for you, and what exactly does your condo insurance policy cover? Consult with David King Insurance Services LLC in Coppell, TX to learn more about your options.

Here are the five most important things you need to know about your condo insurance policy:

1. It Covers Your Personal Property

Your condo insurance policy will cover your personal belongings if they are damaged or stolen. This includes items such as furniture, clothing, electronics, and more. If you have any valuable items, such as jewelry or art, you may want to consider purchasing additional coverage to insure them fully.

2. It Covers Your Liability

If someone is injured while on your property, your condo insurance policy will provide coverage for their medical expenses. It will also cover you if you are sued for damages.

3. You Need to Review Your Condo Insurance Policy Annually

As your needs change, so does the amount of coverage you need. That’s why reviewing your condo insurance policy annually is important to ensure it still meets your needs. Otherwise, you could find yourself under or over-insured.

4. It’s Different From Homeowners Insurance

While both homeowners insurance and condo insurance protect your personal property and liability, there are some key differences. For one, your condo association’s insurance policy will only cover the building itself, not your unit. That means you are responsible for insuring your unit and all of its contents.

5. You May Need to Purchase Additional Coverage

Depending on the value of your personal belongings and the amount of coverage you need for liability, you may need to purchase additional coverage. This can be done through a rider on your condo insurance policy or by purchasing a separate policy altogether.

Get Condo Insurance Today

By understanding the basics of your coverage, you can be sure that you and your belongings are protected in the event of an accident or disaster. If you have questions about your condo insurance policy, contact David King Insurance Services LLC in Coppell, TX today. We can help you find the right coverage for your needs and ensure that you are fully protected.

Life insurance FAQs

Posted on July 29, 2022August 2, 2022 by admin

Life insurance is what everyone should have but many people have questions about it. This isn’t something that gets talked about a lot over the dinner table or anywhere else for that matter. That is why you need a good independent insurance agent who can help you sort out the facts and myths about life insurance. At David King Insurance Services LLC in Coppell, TX, we put the customer’s needs first and work hard to make sure we provide all the customer service you require.

Life Insurance: What You Need To Know

If I’m not married, do I need life insurance?

Marriage is not the only determining factor for having life insurance. Does anyone depend on your income? Do you have any debt and have you put aside money for your final expenses? You probably don’t need a lot of life insurance, but you should have some as part of your final planning.

Can I buy life insurance without a physical exam?

It is possible to buy a policy without getting a physical exam but, you will not get the best rate. You will also not have nearly as many options for policies as you would if you agree to get a physical.

Do I have to answer questions about my health honestly?

Yes, it is very important that you answer all questions on your application truthfully. If it is discovered that you answered anything untruthfully, your policy can be canceled. It isn’t worth taking a risk.

If I get life insurance at work do I need to buy my own?

Simply stated yes, do you want to leave someone in your HR department in charge of your family’s financial security? Do they understand what your family will need to survive without you? What if you change employers? It is always a good idea to have at least some of your own life insurance.

Give Us A Call

Contact David King Insurance Services LLC in Coppell, TX with all your life insurance needs.

Do I Need To Get Renters Insurance If I Live With Roommates?

Posted on June 16, 2022June 16, 2022 by admin

Living with roommates is an excellent way to cut down on your living expenses like rent and save more money. At David King Insurance Services LLC, we have many Coppell, TX, residents who ask us whether they need renters insurance if they live with roommates. Renter’s insurance covers your personal items as a tenant, and here is what you should know.

It’s Best to Get Individual Renter’s Insurance

If you live with roommates, you still need renter’s insurance, and it’s best that you get your individual renters’ policy. You will need to take an accurate inventory of what items belong to you in the house and present that to the insurer. If you take an individual renters insurance, it won’t cover any other property in the house that doesn’t belong to you. This is because the policy will be priced to cover only the risk to your items. Never share or add your roommates to your renter’s policy. This will save you from the woes of sharing a policy with some.

The Risks of Adding Roommates to Your Renter’s Insurance

Depending on your insurance provider, it can be possible to add your roommates to your renter’s insurance, although this isn’t advisable. This is because if any of the roommates file a claim and you don’t, the claim will still reflect on your claims history. Therefore, your claims history will show that you regularly make claims even though you don’t. This will result in higher premiums for your renter’s insurance. Additionally, if you share a renters insurance with your roommates and one of them misses a premium payment, this can make the insurer increase the premiums for all of you. This will also tarnish your insurance record and result in higher premiums in other coverages.

Are you seeking renter’s insurance in Coppell, TX? The insurance experts at David King Insurance Services LLC are ready to help you. Call us today.

Does your RV policy give you enough coverage when you’re parked?

Posted on May 27, 2022June 8, 2022 by admin

When it comes to providing insurance for the greater Coppell, TX area, people count on the team at David King Insurance Services LLC. We are proud to serve our friends and neighbors and help them with all of their insurance needs. Give us a call or stop by today.

Finding the RV insurance that protects your vehicle all the time

A large part of the joy of owning an RV is being able to get out on the road and explore. If you park your RV at a campsite or park for long periods of time, your insurance needs may require different coverage. In fact, there are two times that a recreational vehicle can be damaged, when it is parked and when it is on the road.

Liability concerns exist in both scenarios. However, if, for example, you spend your summer in an RV park and use it to entertain family and friends, your liability protection needs may differ from RVers who don’t park for long periods of time. Fortunately, there are a number of different policies that provide the protection you need no matter where you are.

Like most other insurance types, one size does not fit all. Make sure to review your policy closely and discuss any questions that you may have with your local agent. No one wants to put a damper on their adventures and find out the hard way that their insurance policy doesn’t meet their needs. Review your policy today for completeness.

Contact our office today

David King Insurance Services LLC is here for the Coppell, TX community. If you have questions about RV insurance or any type of coverage, give our office a call today. We look forward to working with you.

Is Boat Insurance Required in Texas?

Posted on April 29, 2022May 11, 2022 by admin

Texas may not require boat insurance to operate your vessel, but that does not mean you should skimp on the coverage. Just as accidents can happen while driving a vehicle or at home, so too can they happen on the water. Furthermore, with boating exploding in popularity in recent years, accidents have exponentially increased. Protect yourself from liability to other people and their property and damage to your expensive watercraft through boat insurance. While Texas does not require boat insurance, if you financed the purchase of your watercraft, your lender is likely to mandate that you have coverage to protect their investment.

Similar to car insurance, most boat insurance policies include protection for a variety of causes of physical damage including storms, theft, collisions, and fires. In addition, as mentioned above, your policy will also include liability coverage to protect you from being sued or having to pay the medical bills of a third party in an accident that you caused. There are three main types of boat insurance policies. The first, replacement cost, will reimburse you for the full amount required to repair the boat to original condition or replace it with an identical model. The second, actual cash value, takes the depreciation of the boat into account and, if the watercraft is totaled, would pay out what the boat is worth at the time of claim; not when you first purchased it. The third type of boat insurance is agreed amount, where both the policyholder and the insurance company agree on the payout in advance.

At David King Insurance Services LLC in Coppell, TX, our friendly and professional team are ready to answer all your boat insurance questions. Give us a call today to learn more information and to schedule a consultation.

Motorcycle Insurance Myths To Watch Out For

Posted on March 8, 2022February 3, 2022 by admin

David King Insurance Services LLC serves the Coppell, TX community. For over 15 years, we have helped local residents find coverage. We provide flexible policy options to help our clients stay covered in any situation. We recognize that you’ve worked hard to acquire your assets. That’s why we are committed to helping you obtain the coverage you need.

Motorcycle Insurance Myths To Watch Out For

The Coppell, TX community is home to many motorcycle enthusiasts. If you own a motorcycle, motorcycle insurance helps you protect this unique asset. Operating a motorcycle is a high-risk endeavor. Obtaining a strong insurance policy gives you a safety net. You are covered in the event that your motorcycle collides with an object. If you lose control of your motorcycle and accidentally injure someone or cause property damage, liability coverage will protect you. You are also covered if a passenger is injured in the collision. Comprehensive coverage protects you if your motorcycle is damaged due to severe weather or a major collision with an animal. You are also protected if you are a victim of theft or someone vandalizes your motorcycle. While you look over your motorcycle insurance policy, consider these common motorcycle insurance myths.

You Aren’t Impacted By Your Friend Riding Your Motorcycle

If you let your friend operate your motorcycle, you may assume that their coverage takes over. However, that is incorrect. Your insurance policy is still active. If your friend causes damages while operating your motorcycle, you will likely be held responsible.

Storage Coverage Isn’t Necessary

Storage coverage allows you to cover your motorcycle during times when you aren’t using it. Remember an accident can occur at any moment, even while your motorcycle is parked.

David King Insurance Services LLC Will Help You Obtain Coverage

Visit our website to learn more information about motorcycle insurance.

Why Texas Business Owners Need Umbrella Insurance

Posted on February 15, 2022February 3, 2022 by admin

David King Insurance Services LLC serves the Coppell, TX community. We offer our clients multiple types of coverage. We work with our clients to help them protect their assets in any scenario. Life may throw unexpected curveballs your way. That’s why it’s important to have insurance that you can rely on.

Why Texas Business Owners Need Umbrella Insurance

It’s hard to predict the future. One mistake could change everything. Working hard to gain assets just for one mistake to put everything you’ve worked for in jeopardy can be heartbreaking. Umbrella insurance was created to protect you in these situations. The policy is an extra layer of protection that you can rely on when your liability limits have been reached. Umbrella insurance can prevent you from possibly losing everything during litigation.

Umbrella insurance is especially beneficial if you are a Coppell, TX business owner. Operating a business exposes you to multiple risks. Perhaps one of your clients suffers an injury while they are visiting your property. If the injury is severe enough, they could pursue legal action. Perhaps one of your employees is driving a commercial vehicle, and they are involved in an accident. Footage shows that your employee is responsible for the injuries and damages because they were driving recklessly. That puts your business at risk. Perhaps one of your employees alleges misconduct in the workplace. Umbrella insurance is a safety net while you handle the allegations.

Starting a business is a significant investment. Umbrella insurance helps ensure that your life’s work isn’t at risk if you don’t have enough liability coverage.

David King Insurance Services LLC Will Help You Protect Your Investment

Visit our website to learn more information about umbrella insurance.

Who should have flood insurance?

Posted on January 24, 2022February 3, 2022 by admin

Flood insurance is a very specific type of insurance coverage. With the effects of weather changes that have been happening all over the world, people who would never have thought about flood insurance are giving it some serious thought. At David King Insurance Services LLC in Coppell, TX, we are here to provide the information you may need when making an important insurance decision. As an independent insurance agency, we work for our customers, not for an insurance company, and provide customers with more choices.

If you live in what is considered to be a flood plain, and you have a mortgage, you may not have a choice about whether you should carry flood insurance. Your lender will demand that you have it, which makes sense since they lent you the money to purchase the home. Flooding causes an incredible amount of damage and even one inch in your home can be catastrophic.

Flood insurance is offered through the National Flood Insurance Program, which is administered by FEMA. It is sold through private insurance carriers. Not every carrier sells flood insurance, so you need to check with your insurance agent. In order to be eligible to purchase flood insurance, your community must be an NFIP participant.

Flood insurance is sold in two parts; building and personal property. Both of them have limits and if you need more coverage than the NFIP program offers, there are private insurance options that might be a better fit for you. Building coverage covers the walls, roof, major systems, and things that are permanently attached to the building. Personal property includes electronics, clothing, furniture, decor, and appliances that are not built-in.

Contact David King Insurance Services LLC in Coppell, TX with questions you may have about flood insurance. You can talk to us on the phone or in person at the office.

Do I Need Motorcycle Insurance in the Offseason?

Posted on December 13, 2021December 9, 2021 by admin

The people in Coppell, TX and the Lone Star state are smart folks who know how to sniff out a great deal. If you’re a motorcycle rider who’s been wondering why you should be paying for insurance coverage all year when you might not ride it for several months, David King Insurance Services LLC has the answers you want.

The Chill of a Coverage Gap

One thing you absolutely do not want to do is let your insurance coverage lapse if you intend to insure the motorcycle again. Losing your previous coverage can lose the value of a negotiated policy price or benefits like long-term customer rewards. If you forget to reinsure once riding season rolls around again, you can get caught on the road without the coverage you need.

Offseason and Offroad Threats

Instead of canceling a policy to avoid charges when you’re not riding, look into seasonal coverage options that have reduced rates for your lower usage or drop your road-based coverage while still covering your motorcycle as property. Since homeowners’ and renters’ insurance may not cover most of a parked motorcycle’s repair costs, having the motorcycle covered on its own can protect you in case of hazards like fire or theft. Your provider may have their own set of offseasons, but they may also let you negotiate based on your real usage, just like some policies can be adjusted based on your travel radius.

Ask an Agent for Advice

Everyone’s insurance needs and realities are different. An experienced insurance agent, like us here at David King Insurance Services LLC in Coppell, TX, can help you determine which of your available insurance providers and policies are the right fit for your liabilities and assets.

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