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549 E. Sandy Lake Road
Suite 100
Coppell, TX 75019

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How Do I Know if I need Flood Insurance?

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Flood insurance is often overlooked because it’s not covered in your standard homeowner’s policy. However, many people still need flood insurance. At David King Insurance Services LLC in Coppell, TX, we offer many types of insurance, including flood insurance. 

Are You Required to Have Flood Insurance?

Some people are required to have flood insurance. If you live in a high-risk flood zone and have a federally-backed mortgage, you are required to have flood insurance. 

If you’ve received disaster relief for your home or business in the past, you are also required to have flood insurance. 

Lastly, your lender may require you to have a flood policy, even if you don’t live in a high-risk flood area. 

Do I Need Flood Insurance?

If you aren’t required to have flood insurance, you may wonder if you need it. The answer is generally yes. 

Your homeowner’s policy doesn’t cover flooding, and flooding can occur anywhere, even if you don’t live in a flood-prone area. 

Federal relief is typically limited to disaster relief loans and grants which average $5,000 per household. This is not nearly enough to repair or replace your home if it’s seriously damaged by flooding. 

If you are in a high-risk flood zone, your chances of having a flood in a given year is 1%. Over 30 years, which is the average length of a mortgage, is 26%. Medium-risk flood zones have a risk between .1% to 1%. This may seem low, but when you consider your risk over 30 years, it’s still significant. Even areas with the lowest risk can flood. 

Schedule A Consultation Today

If you need flood insurance in Coppell, TX, contact us at David King Insurance Services LLC. Our experienced agents are here to meet all your insurance needs. 

How Do I Know if I need Flood Insurance?

Posted on by admin

Flood insurance is often overlooked because it’s not covered in your standard homeowner’s policy. However, many people still need flood insurance. At David King Insurance Services LLC in Coppell, TX, we offer many types of insurance, including flood insurance. 

Are You Required to Have Flood Insurance?

Some people are required to have flood insurance. If you live in a high-risk flood zone and have a federally-backed mortgage, you are required to have flood insurance. 

If you’ve received disaster relief for your home or business in the past, you are also required to have flood insurance. 

Lastly, your lender may require you to have a flood policy, even if you don’t live in a high-risk flood area. 

Do I Need Flood Insurance?

If you aren’t required to have flood insurance, you may wonder if you need it. The answer is generally yes. 

Your homeowner’s policy doesn’t cover flooding, and flooding can occur anywhere, even if you don’t live in a flood-prone area. 

Federal relief is typically limited to disaster relief loans and grants which average $5,000 per household. This is not nearly enough to repair or replace your home if it’s seriously damaged by flooding. 

If you are in a high-risk flood zone, your chances of having a flood in a given year is 1%. Over 30 years, which is the average length of a mortgage, is 26%. Medium-risk flood zones have a risk between .1% to 1%. This may seem low, but when you consider your risk over 30 years, it’s still significant. Even areas with the lowest risk can flood. 

Schedule A Consultation Today

If you need flood insurance in Coppell, TX, contact us at David King Insurance Services LLC. Our experienced agents are here to meet all your insurance needs. 

Taking Charge After A Motorcycle Accident

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Motorcycle insurance coverage provides protection if you are involved in an accident. Use the following guidelines to report an accident and file an insurance claim.

Police Report

The accident needs to be documented. The local police need to be contacted. They will fill out paperwork that will serve as a record of the accident. This paperwork can be used to substantiate your insurance claim.

Reach Out To Your Insurance Agent

You should contact an insurance agent next. One of our agents at David King Insurance Services LLC, serving the greater Coppell, TX community, will ask you some questions about what occurred. We will outline the steps that will need to be taken to properly file your insurance claim.

Claims Paperwork

The agent who consults with you may request that you fill out some paperwork. You will be provided with a date and time to meet with the agent.

The paperwork will serve as proof of the motorcycle accident. These documents will be reviewed during the claims process.

Insurance Adjuster

An insurance adjuster will be assigned to review your case. They will inspect your motorcycle for signs of damage. The adjuster will fill out a report that contains information about their inspection. 

Followup Steps

You should stay in contact with your insurance agency throughout the claims process. Our Coppell, TX agents are trained to assist their clients with any questions or concerns they have about an insurance claim.

Consult With Us

Now that you have some basic information about the claims process, you may feel more confident about what to do if you are involved in an accident. For more information, reach out to us at David King Insurance Services LLC.

Boater Education: What You Need To Know

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David King Insurance Services LLC serves Coppell, TX area boaters with all their insurance needs. According to Texas law, your teenager can operate a powerboat without supervision only if he or she has passed a boater education course that TPWD accepts. If you are boating with your family, maybe it’s time to get your teenager into boater education. 

What to Know Before You Go

 Your first step is to call the TPWD Law Enforcement division at 512-389-4846 and select option four on the phone menu. You’ll get in touch with a boater education specialist and be able to schedule a class. Fees start at $11 for a basic course. As Texas state law requires all children under 13 to wear a Coast Guard-approved life jacket, your child likely already has one. However, as your child is getting bigger, now is a good time to see if they need to go up a size. A life jacket is something that must always fit perfectly. 

If your teenager asks this, you could explain that the purpose of boater education is so that they can learn how to operate a boat safely. They will also learn boater etiquette. Remind them that they need a license if they want to buy their own boat someday.

Reach Out To Us

If you need boat insurance and live in or around Coppell, TX, please call David King Insurance Services LLC. We’re here to help. 

Raindrops Keep Falling on my Head

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It’s called umbrella insurance because it covers everything. Your homeowners’ insurance, car insurance, and other policies have their limits. If there’s any spillover, umbrella insurance can cover that as well. Keep in mind that umbrella insurance is not completely identical to excess liability insurance. Where excess liability insurance provides you with higher limits on the liability coverage you already possess, many umbrella insurances give more coverage that your base insurance policies don’t include as well. 

How Umbrella Insurance Works 

Umbrella insurance can cover your legal fees if you are taken to court for slander, libel or personal attacks. If you are liable for damages that exceed what you are covered within liability coverage, umbrella insurance can take care of the excess. Umbrella insurance is good for taking care of lawsuits or claims such as false imprisonment, defamation, landlord liability, property damage, and cause of injury. 

Do You Need Umbrella Insurance?

Do you own property? Is there anything dangerous on your property? Is someone in your household an inexperienced driver? Are you a landlord? A public figure? Do you host a lot of parties? If so, the answer is probably "yes".

The Limits of Umbrella Insurance

Even umbrella insurance has its limits. It won’t cover your own injuries or damage to personal belongings. If you did something to break the law or breach a contract, you’re pretty much on your own. If you’re completely responsible for something, it’s on you. 

David King Insurance Services LLC Serving Coppell TX 

If you think umbrella insurance sounds like something you need, and you live in the Coppell, TX area, reach out to us at David King Insurance Services LLC. Our knowledgeable agents will help you through the process and see that you have everything you need. 

3 Important Tips to Get the Right Flood Insurance

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Protecting your property is extremely important, and there are a lot of different ways you can do that. One of those is through having the right insurance policies, and that includes flood insurance. Even if you live in an area where flooding isn’t common, it can still take place, and that can cause serious damage to your home. If you’re in the Coppell, TX area, David King Insurance Services LLC can help.

Here’s how to get the right flood policy for your needs:

1. Work With a Trusted Insurance Agent

Working with a trusted agent is important when you’re looking for a good flood policy. That can make it easier to get your questions answered, and also help you focus on the best policy for your specific situation. You don’t want to just pick something, because it might not give you the level of coverage you really need to keep your home secure.

2. Compare Flood Policies From Different Insurers

When you work with an agent, they can help you compare flood policies from a few different insurers. That means you can see these policies all in one place, and you won’t have to spend a lot of time checking with individual companies. Your agent will also go over the options with you, giving you the ability to pick a policy with confidence.

3. Review Your Policy on an Annual Basis

Reviewing your policy at least once per year is the right choice. There could be important changes that need to be made, or you may want to update the policy in some way. A review can help you remain confident that you have the right coverage.

We Are Here To Help

If you’re in the Coppell, TX area and need flood insurance, reach out to us at David King Insurance Services LLC today. We can help you get the coverage and peace of mind you’re looking for.

Key Reasons to Get Condo Insurance

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If you’ve recently purchased a condo in Coppell, TX, you may be wondering about insurance options. You can count on your association’s master policy to cover damage to your building and common areas, but what about the interior of your unit and your personal belongings? Well, that can be protected with a condo insurance policy from David King Insurance Services LLC.

Here are some very good reasons to purchase a condo policy:

Key Reasons to Get Condo Insurance

Condo insurance covers what your association’s master policy doesn’t. It’s designed to protect your assets from unexpected events that can lead to financial loss. Here’s how you can benefit from a condo policy:

First, condo property insurance offers protection for your belongings. If any of your goods are stolen or damaged in a disaster, property coverage helps cover their repair or replacement costs. This includes clothes, shoes, jewelry, paintings, furniture, appliances, electronics, sports gear, collectibles and more. Texas is prone to all kinds of natural disasters including wildfires, hurricanes, tornadoes, tropical storms, and more. Many of these risks are covered by condo policies. Through property coverage, you have financial help to recuperate your losses after a disaster.

Second, condo insurance offers liability protection against accidents that may occur on your property. Say you invite a friend over for dinner, and he slips in the bathroom and hurts his back. Liability insurance will help pay for his medical costs. Otherwise, you could be held liable for paying these expenses yourself out of pocket.

Third, if your condo becomes uninhabitable due to disaster damage, condo “loss of use” protection helps pay for your living expenses elsewhere until repairs are done. These reasons alone make condo insurance a wise choice.

Schedule A Consultation Today!

To purchase a condo policy for your Coppell, TX condo, contact David King Insurance Services LLC.

Will Life Insurance Assist Me in Retirement?

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Retirement planning is important to ensure we enjoy financial security throughout our golden years. Unfortunately, sometimes our plans go awry, and we find ourselves needing more finances than we might have planned for. While your Coppell, TX life insurance policy might have been designed as protection for your loved ones, it can also serve as your own protection in retirement. 

How You Can Leverage Your Life Insurance Policy for Your Retirement

Here at David King Insurance Services LLC, we are proud to work with clients throughout Texas to help them get the best life insurance policies for their needs. These policies typically payout after the policyholder’s death, with that money going to cover final expenses and offer financial support to loved ones. However, you can leverage your own life insurance policy during retirement if you find yourself needing a safety net.

If you have a permanent life insurance policy, you can either opt to take what is called the surrender value or make a cash withdrawal for a set amount. The surrender option means fully ending your life insurance policy and choosing instead an accumulated payout for the term you have paid. This does mean that the life insurance coverage ends, but in return, you can get a sizeable sum that may see you throughout your retirement.

The second option, if available in your permanent life policy, is to make a lower amount of cash withdrawal. This withdrawal has the benefit of coming to you tax-free, but it does mean that your death benefit will be reduced. This is a good choice if you find yourself just needing extra money in the short term. 

Learn More With David King Insurance Services LLC

Whatever your Coppell, TX life insurance goals, our team at David King Insurance Services LLC is here to assist. Contact one of our friendly team members today to get started. 

Can Renter’s Insurance Cover Replacing Stolen Belongings?

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For first-time renters and long-time renters, our agents at David King Insurance Services LLC in Coppell, TX are happy to answer every question under the sun about renter’s insurance. One of the biggest questions our team hears about renter’s insurance revolves around whether renter’s insurance covers replacing stolen valuables. If you’ve experienced a theft in your apartment unit, you probably don’t want to worry about how you’ll cover the items you lost. 

If you own some particularly valuable or sentimental items like family antiques or entertainment sets, you should figure out how you might replace them in the event of theft before the event happens. There’s no such thing as being too prepared, especially when disaster could strike at any time.

Can Renter’s Insurance Cover Stolen Belongings’ Replacement?

While every policy has its own terms and limits, most renter’s insurance policies cover at least some stolen belongings. For very valuable or large items like televisions, furniture, and expensive jewelry. 

Depending on the terms of your policy, you may not be able to cover everything that’s been stolen. You’ll need to pay your deductible before you can receive funds for the stolen items. For example, if you have a $2,000 television set that was stolen and your deductible is $1,000, you’ll have to pay your deductible, and then you can receive a check to help cover the stolen items based on the limits of your policy.

Since terms and limits can differ between policies, it’s best to check with an agent at our office before assuming that you’ll have coverage for specific instances.

We Are Here To Help

To protect the precious belongings in your rental unit, call our office at David King Insurance Services LLC in Coppell, TX to learn more about our renter’s insurance policies today!

Is RV Insurance Required in Texas?

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If you own an RV and cannot wait to head out on your first trip, there is one thing you need to do first, and that is to secure a proper amount of RV insurance. The agents at David King Insurance Services LLC serving the Coppell, TX area want you to know that in the state of Texas, you must at least have a liability insurance policy in place to be able to legally drive on public roads. This rule applies to all drivers and all vehicles, including Recreational Vehicles (RVs).

There are a variety of coverage options you can choose from when it comes to RV insurance:

Uninsured and Underinsured Motorist Insurance

This type of insurance will help you repair your beautiful RV if it is damaged in an accident that is caused by a motorist that does not have insurance or does not have an adequate amount of insurance.

Comprehensive Insurance

Comprehensive insurance is a very important part of an insurance policy for NRV. This is because it will cover your home away from home if it is damaged by a natural disaster or if a fire breaks out. Also, if someone vandalizes your RV or steals it, your comprehensive insurance policy will help you to repair or replace it.

Collision Insurance

It is not always easy to back an RV up into the camping spot, which means you may collide with an inanimate object. You can also collide with another vehicle, but you will be covered by this type of insurance coverage option. This means you can get your RV repaired and be able to pay for any damage you caused to whatever you collided with.

Contact Us Today

To create the best RV insurance policy for you and your beautiful camper, call upon the experienced and trusted agents at David King Insurance Services LLC serving the Coppell, TX area today!

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