Category Archives: Colorado Insurance

This is what grocery stores used to look like. We loved the color yellow back in the old days.

Service Like It Used To Be

Service like it used to be.

You check yourself out at the grocery store; you at least bag your own groceries. You check yourself in at the airport at a kiosk.  You get your own drinks at fast food joints. You pump your own gas. You even have to get your own shoes off of the wall at sporting goods stores.  Things weren’t always this way.

This is what grocery stores used to look like. We loved the color yellow back in the old days.
This is what grocery stores used to look like. We loved the color yellow back in the old days.

You probably don’t remember, but there was a time when people had professionals the counted on to be experts in their field; retirement planners, Insurance agents, travel agents, even bankers. Sadly, those days seem to be long gone in many fields, unless you have a lot of money to invest or spend – except in one remaining industry; insurance. Specifically, the kind of insurance we do here in our Dallas headquarters; auto insurance and home insurance.

 

I’m sure we all see the commercials, “Call or go online today to get your home insurance quote” or go online for your fast and free auto insurance quote.” They practically shout at you that IT SHOULD BE CHEAP!.  Do you know what makes it cheap? There are no insurance agents. These companies count on you to do the job of a licensed insurance agent and choose the proper coverage for yourself without the guidance of an experienced professional.

Usually cheap insurance is advertised by cartoon characters.
Usually cheap insurance is advertised by cartoon characters.

 

I can tell you that when that happens we see awful coverage, because car insurance and home insurance aren’t best approached as a commodity that must be as cheap as possible. When it comes to auto insurance or house insurance the guidance of a professional insurance agent will help you get the best insurance value, with the lowest possible premium.

 

Inexpensive insurance is different from cheap insurance though; inexpensive insurance can properly cover your assets. Cheap insurance usually covers the over driver better than they cover their own insurance clients.

 

Why? When you work with a licensed independent insurance agent (like we are here at The Phoenix Insurance) you get a lot for your money. Our agents are trained to get you the best insurance value for your dollar. Since we are independent insurance agents, we have the ability to look at your needs with a different perspective than most. We make sure that you pay the least amount of money you have to  for your home insurance, and your car insurance, and even for your umbrella insurance. When we shop multiple companies for our insurance clients, we try to find the best fit for them. Every company has a client that they give the absolute lowest insurance rates to, and we are able to find that company for our auto insurance and home insurance clients over and over.

The best part? We do it painlessly. Our reviews show it. We believe that when you buy car insurance or home insurance that it should be easy; that’s why you hired a professional. Every step of the way, from your initial quote to cancellation of your old insurance is handled by our staff to make the process as easy as possible for our clients. We are insurance advisers. We don’t sell anything.

 

Give us a call today and find out what service used to be. We’ll spoil you for anyone else.

Head Rush Hot Rod Car and Motorcycle Show

Head Rush is a great show at a great location – as usual several of our classic car insurance clients took first place in their divisionaddison auto insurance antique auto insurance dallas antique auto insurance houston antique auto insurance plano antique auto insurance auto insurance southlake auto insurance car insurance dallas car insurance frisco car insurance plano car insurance southlake (2) car insurance southlake carrollton auto insurance dallas auto insurance (2) dallas auto insurance dallas home coverage dallas home insurance dallas homeonwers dallas insurance frisco auto insurance garland auto insurance home insurance dallas home insurance frisco home insurance plano home insurance southlake home insurance texas home insurance the colony home insurance home owners insurance dallas home owners insurance garland home owners insurance plano home owners insurance texas home owners insurane southlake homeowners insurance dalals homeowners insurance dallas homeowners insurance plano homeowners insurance texas inaurance expert dallas insurance experts plano auto insurance plano insurance richardson auto insurance texas antique auto texas home insurance – as did several motorcycle insurance customers!

Understanding Types of Car Insurance Coverage

Just as there are many types of cars, there are many different types of auto insurance policies, and many different ways to cover your car. For instance, most people don’t need to cover their “daily driver” car the same way they would cover their classic car or exotic auto. Let’s go over some different car insurance options together, so you go to bed smarter than you woke up this morning.

Usually, your every day car is covered by an actual cash value or “ACV” insurance policy. Most every day cars spend their lives both stuck in traffic and depreciating, so this is the most cost effective way to cover then on your insurance policy. ACV coverage means that you get paid the actual cash value of your car at the time of a loss. That means that you should reasonably be able to purchase another car of like kind should you have a claim. The one thing you should always consider is getting “gap” coverage if you are upside down on your auto loan. Lots of insurance companies offer it if you ask at time of purchase. Gap coverage covers the difference if you owe more than the ACV of your car.

The second type of coverage available to you is Stated Value coverage for your car. This type of policy allows you to tell the insurance company that your car is worth “X”, and then allows them to pay you up to that amount in the event of a loss. Yes, I said “up to”. That means that if the insurance company can make a case for paying you less than the value of your car, they will. We hear lots of people (and even some insurance agents) confuse stated value insurance with agreed value insurance – but in the simplest terms, and stated value policy just gives the insurance company a discussion point at claims time. It does not guarantee you the full value of your vehicle at the time of loss.

In order to guarantee the value of your vehicle at the time of loss, you must purchase an  “agreed value” insurance policy. Yes, you can get an agreed value policy on your daily driver car, if you choose to do so. However, the agreed value policy is usually intended for a collector car. Classic insurance., custom car insurance – even exotic car insurance is all written (or should be) on an agreed value insurance policy. Since agreed value policies are very specific in the coverage they offer, they are also very specific in their terms. Does your car qualify ? Are you interested in agreed value coverage? Then contact an insurance consultant today and discuss your needs.

See? Like I said, smarter than when you woke up this morning.

Paloma Creek Sonic Sock Hop

nothing evokes the”good old days” like Sonic and classic cars. As usual, we were tooling around town in our antique milk truck, looking for a place where our classic insurance clients were hanging out. The Paloma Sonic Sock Hop was full of our friends, and we made some new friends there as well! best insurance dallas best insurance price dallas best insurance texas best price insurance dallas best price insurance texass best price texas insurance best rates dallas car insurance texas Dallas Auto Insurance Dallas best insurance agent dallas best Dallas car insurance dallas exotic insurance dallas ferrari insurance dallas home insurance (2) Dallas Home Insurance dallas insurance agent dallas insurance rate dallas top insurance ferrari dallas ferrari insurance agent Frisco Auto Insurance Frisco Car Insurance Frisco home insurance Frisco homeowners insurance Frisco Renters Insurance homeowners insurance insurance advice insurance rates dallas lamborghini insurance Plano auto insurance plano best agent Plano Car Insurance plano home insurance plano home owner insurance plano homeowners insurance plano liability insurance race car insurance race insurance texas auto insurance rate texas auto insurance texas car insurance texas home insurance texas homeowners insurance

Red White and Boom McKinney 2015

McKinney, Texas put on a great car show on the 4th of July, 2015. As usual we ran into lots of classic car insurance customers, and even some modern collectible car insurance customers. We love going to shows, and nothing makes your heart swell with American Pride on Independence Day more than an incredible lineup of (mostly) American steel. addison auto insurance addison car insurance addison collector insurance addison home insurance addison renters insurance car collection insurance carrollton home insurance collecots insurance dallas auto insurance dallas best agent dallas car insurance dallas classic auto insurance dallas classic car insurance dallas exotic car dallas exotic car insurance dallas exotic car insurnace dallas ferrari insurance dallas home insurance dallas homeowners insurance dallas insurance agent dallas lamborghini insurance dallas renters insurance frisco auto insurance frisco car insurance frisco classic car insurance frisco exotic car frisco exotic insurance frisco home insurane frisco homeowners insurance frisco renters insurance home insurance irving home insurance southlake independent insurance insurance advisor dallas insurance advisor plano insurance consultant dallas insurance consulting plano auto insurance plano car insurance plano classic auto insurance plano classic car insurance plano exotic auto insurance plano exotic auto plano exotic car insurance plano home insurance plano homeonwers insurance plano homeowners insurance plano insurance agent plano renters insurance race car insurance top rated insurance

How to Navigate an Insurance Claim – Part Two.

The last time we got together, I tried to explain how the deductible works, and some things that you should consider when choosing a property deductible. I’ll wait if you want to go back and read it again. Go ahead. Done? Good. Now that you have chosen how much deductible you are going to pay in the event of a loss, we can talk about when to use them.

We will start with the easier of the two – your auto insurance. I want to start the restof this article by saying this; you pay for insurance to protect your things. Sometimes, a claim just needs to be made. With auto insurance, mist claims are worthwhile, because you have had an accident. The only claims we caution clients to consider avoiding are windshield chip claims. While they won’t raise your rates directly, they can be problematic if we need to quote your policy with other companies. Unless your windshield is broken, it is best to pay for the chip repair yourself. With other claims, my personal rule of thumb is to consider the payout – if you have a $500 deductible, do you really need to make a $600 claim? Those types of claims are pretty rare on auto policies, due to the rising cost of auto repairs.  Also, remember that most car insurance policies now come with some form of roadside assistance, and if you have to use that service, it does not count as a claim.

The big question you should ask yourself when it comes to homeowner’s insurance claims is whether or not the claim is “worth it” or not. Just like with auto insurance, if you have an $1100 claim and a $1000 home insurance deductible, it’s probably not “Worth it” to make a claim. Most home insurance policies here in Texas have a 1% wind and hail deductible, so if you are in a $130,000 home, then you probably have a $1300 deductible. However, a hail claim doesn’t “count against you” for rate purposes. A water claim or a burglary claim, on the other hand, will increase your rates, so it’s imperative to consider what the claim is worth before you call the insurance company. Your first call should be to our office to chat with one of our consultants about your claim.

In fact, we even have a “claims advocate” here at The Phoenix Insurance to help guide you through the claims process. Hopefully, you will never need the advocate’s help, but if you have a claim and have any questions, concerns, or needs, he is here to help you understand the claims process, and make it a smooth one. Whether you have had an auto accident or a water claim on your home, our claims advocate is here to help you get made whole again as quickly and painlessly as possible.

 

Plano, Texas Shelby Car Show

Carroll Shelby was a rare person. This show in Plano, Texas gathered many of our classic auto insurance clients together on a beautiful Sunday to honor the cars of Carroll Shelby.auto insurance texasbest agent dallas car insurance texas exotic car insurance houston exotic car insurance texas ferrari insurance austin ferrari insurance dallas ferrari insurance houston home insurance austin home insurance colorado home insurance dallas home insurance denver home insurance frisco home insurance garland home insurance new mexico home insurance plano home insurance richardson home insurance southlake home insurance texas independent agent dallas independent agent texas lamborghini insurance austin lamborghini insurance dallas lamborghini insurance houston lamborghini insurance plano lamborghini insurance southlake lamborghini insurance texas lamborghini insurance

Town East Mall Pre Father’s Day Car Show

Car collecting and car shows are really a great family hobby. Everyone can enjoy going out to a show of like minded people, and admiring the work and love they put into either making their car their own, or restoring a tired old car to its former glory. This Mesquite show was a great place to meet up with several of our classic car insurance clients. auto insurance dallas auto insurance mckineey auto insurance mckinney auto insurance plano auto insurance best agent dallas best auto insurance dallas best home insurance dallas best insurance agent plano best insurance agents best rated insurance dallas car insurance (2) car insurance dallas car insurance fort worth car insurance frisco car insurance garland car insurance plano car insurance richardson car insurance southlake car insurance wylie car insurance car insurane mckinney classic auto insurance classic car insurance collector insurance dallas colorado car insurance custom auto insurance custom car insurance custom insurance customer service insurance dallas dallas insurance agent exotic auto insurance high value insurance dallas home insurance allen home insurance dallas home insurance frisco home insurance mckinney home insurance plano home insurance safeco home insurance homeonwers insurance dallas homeonwers insurance richardson homeowners insurance frisco homeowners insurance plano homeowners insurance independent insurance agent jewelry insurance dallas kansas car insurance rat rod insurance renters insurance safeco insurance dallas texas car insurance top rated agent dallas travelers insurance dallas

What is Liability Insurance?

Sure, most of us buy insurance to protect our stuff. Obviously, you must have nice stuff to protect  – why else would you be reading a blog about insurance? Yes, a big part of what we sell is property insurance, but what about the other part of insurance  – the one that protects you above and beyond the specific dollar value of one piece of property That, dear reader, is called “liability insurance”.  Most personal policies that you pay for already have liability insurance, so isince you are already paying for it, you may as well understand how it works.

Generally, the largest amount of liability coverage most people have is attached to their home insurance policy. In our agency, we generally try to steer our clients to buy the most liability insurance that they can on their home; not because it raises the premium, but for the amount of value per dollar spent. The difference in premium between the minimum liability amount of $100,000 and $500,000 is generally in the range of $100 a year. This is an incredible way to invest your insurance dollars – where else can you buy $400,000 extra worth of anything for $100? Nowhere but insurance.

Liability coverage, at its core, protects you from lawsuits that may be filed against you. Yes, if your negligence causes injury like if the tile you keep meaning to fix finally breaks and your neighbor breaks his leg. However, the big value in liability insurance is in your legal defense. Talk trash about your neighbor and get sued? Liability coverage to the rescue. The standard amount of liability insurance on most policies is $100,000, but if you have priced a lawyer lately, you understand how much more coverage you really need. It’s the cheapest part of your home insurance, pound for pound, so you should bump it has high as you can. You never know when you will need it – or exactly how much trash your wife talks about the neighbors.

Auto liability is the liability coverage most people are familiar with – and like home insurance, it really shouldn’t be skimped on. Auto liability coverage is generally divided into three numbers – ex. 100/300/50. These three numbers represent $100,000 bodily injury per person/ $300,000 bodily injury per accident/ and $50,000 in property damage to others per accident. State generally set a minimum amount of coverage that is acceptable; in Texas it’s 30/60/25. Should you ever “rock the minimum”? No, for two main reasons.

1. It’s too low. If you are in a major accident and are left short, the damages you cause still have to be paid. If you total one Mercedes, or even a brand new Ford F150, you will come up well short on property damage. That money still needs to be paid. Guess who is responsible?

2. Higher limits of liability can actually save you money in the long run. Even if you are never in an accident, carrying high liability limits shows insurance companies that you are a concerned driver. One of our main functions here at The Phoenix Insurance is to shop your insurance for you when (not if, but when) your insurance premiums go up. It’s easier to get a better deal if you carry higher liability limits. Insurance companies like to insure responsible drivers, and nothing says “responsible” to an insurance company like high auto liability limits.

Remember up there where I said that home insurance is “generally” where people carry most of their liability insurance? I said generally because some (sadly not all) people carry an excess liability or “umbrella” policy. An Umbrella policy generally covers you for $1 million in excess of the liability coverage on your home and auto insurance. If you have been picking up what I have been laying down in the rest of this blog, you are starting to realize that higher liability limits are always better. With higher limits your assets are better protected. Yes, I said assets. While liability insurance does not specifically cover a specific piece of property for a certain value, it is there to prevent you from having to sell that piece of property off in order to defend yourself in court. You are already paying for liability insurance. Is it enough? An umbrella policy on top of whatever you have is generally cheap – usually under $300. Isn’t your peace of mind worth at least that much? Even if you choose not to get an umbrella policy, make sure you carry high enough limits on both your home and auto insurance at least. Call one of our agents today and continue the discussion about liability coverage.

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KKOA LEadsled Spectacular Salina, KS part 3

There were so many great cars in Salina at the Leadsled Spectacular that it took 3 days to see them all. This is the third set of photos we took. IF you have a chance and want to see some incredible Kustom rides, then you need to plan to be at the 35th annual Leadsles Spectacular in Salina next year. The KKOA are an incredible group of people, and put on an incredible show.