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.

Is Boat Insurance A necessity?

Posted on November 29, 2021December 9, 2021 by admin

Purchasing a boat in Coppell, TX is a massive investment that is a dream come true for any resident. This considerable investment extends your crafts buying price. Whether you are a new boat owner or considering owning one, it’s paramount to familiarize yourself with the available coverages to offer your watercraft formidable protection. Boat accidents might not often happen in Coppell, TX like car accidents.

Still, it’s instrumental in safeguarding your vessel as you do with your automobile in case of impending peril. Please contact our dedicated agents at David King Insurance Services LLC and get affordable boat insurance coverage that meets your needs and budget. Keep reading to verse yourself why boat insurance is an absolute necessity.

Asset protection

Did you know that devoid of formidable insurance, you could potentially lose your investment if an accident strikes or unforeseen events crop up? It is imperative to beware that a single storm may sink a boat while an impending fire may burn your boat or get vandalized. Investing in boat insurance can pay for the costs of replacing or repairing your boat when covered perils damage it.

Protect a boat owner

What happens when you trigger injuries to your passenger, a swimmer, or propagate damage to another boat while utilizing yours? These instances make you liable for the resulting bodily injury and medical costs as well as property damage expenses. Third parties could file lawsuits forcing you to use a significant amount of money. Luckily, boat insurance comes in to rescue you from paying these costs out of pocket.

Environmental protection

If your watercraft gets massive damage and leaks fuel and oil into the water or sinks to the bottom of the lake or ocean, you are liable to cater to the removal or cleanup process as a boat owner. Fortunately, if you have coverage that encompasses wreckage removal and fuel spill, you are salvaged by paying a fortune from your wallet.

Provides emergency assistance and towing

Have you ever imagined what could transpire if your boat engine fails or you run out of gas in the middle of a lake or ocean, and you require the services of professional towing? Investing in this form of coverage assists you in settling these services, which sometimes prove to be expensive.

Let’s gain peace of mind while cruising Coppell, TX waters with our boat, knowing that you are protected when a disaster strikes. Please don’t hesitate to call or visit us at David King Insurance Services LLC and get a customized quote for your boat insurance.

Is Umbrella Insurance Appropriate for a Restaurant?

Posted on October 15, 2021October 10, 2021 by admin

Umbrella insurance policies are designed to help a variety of businesses and individuals thrive. But are they right for restaurants? We at David King Insurance Services LLC can help you understand these facets and give your Coppell, TX restaurant the coverage that it needs to stay strong and secure for years to come without issue.

Why Restaurants May Want Umbrella Insurance

If you own a restaurant, you likely need high-quality liability insurance. There are many scenarios in which liability may be a huge problem for some restaurants. As a result, you may need umbrella policies, which provide extra coverage on top of your standard policy. Here are a few situations that an umbrella policy can protect you against, giving you an idea of why they’re so vital:

Damaging food poisoning cases that affect many people
Slip and fall cases where a person is injured heavily
Burns caused by your food or your cooking processes
Heavy injuries caused by table collapses or other structural issues

If you have experienced any of these situations or are worried that they might affect you, it is a good idea to talk to an insurance company right away about your umbrella policy options. Our team can help you better understand your options here and give you the insight that you need. And we’ll do what we can to make sure that your option is suitably designed for your specific restaurant needs.

Give Our Services a Chance

As you can see, the best restaurants will thrive if they get an umbrella insurance policy. So please make sure that you talk to us at David King Insurance Services LLC right away. We can help Coppell, TX residents get the high-quality insurance that they need for their restaurants and their protection.

What does flood insurance cover?

Posted on September 30, 2021October 10, 2021 by admin

Coppell, TX is a beautiful place to raise a family. Still, even with all the magnificence, there is the possibility of inclement weather that brings flooding and property damage. David King Insurance Services LLC can help you understand the details of flood insurance, so you select the right plan for your lifestyle.

What does flood insurance cover?

Flood insurance provided by the National Flood Insurance Program (NFIP) covers physical losses to your structure as well as damage and loss of your personal belongings. Items damaged or lost have to fall under the umbrella of a flood to qualify as a covered incident.

By definition, a flood is an excess of water on land in a place that is typically dry. The NFIP offers two types of coverage:

Building Coverage;
Contents Coverage.

What does building coverage cover?

Flood insurance under the “building” umbrella primarily pays for damages to the structure. Electrical and plumbing systems are included in building coverage. Furnaces and water heaters are also covered under this type of insurance.

Those with permanently installed carpeting can submit a claim for damages under the building coverage of their NFIP indemnity plan. Permanently installed carpeting is typically done by a professional and is usually attached to the floor by way of nails.

Carpeting that is not nailed to the floor does not qualify for protection under building coverage in Coppell, TX. Contents coverage may be the best option in such an instance.

What does contents coverage pay for?

Obtaining insurance for the contents of your home means that your personal belongings are covered in the instance of severe water damage. Carpeting not included in building coverage is typically eligible for payout under the “contents” section of your indemnity plan.

Contents coverage also pays for appliances as well as furniture and electronic devices lost in flood. You are likely to receive the value of your destroyed possessions up to your policy’s limits.

Speaking with an insurance specialist is the best way to get the most out of your flood insurance policy. Call the agents at David King Insurance Services LLC today to request a quote for coverage.

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