How business owners can benefit from comprehensive commercial coverage

Jason Ridley Agency is proud to serve the insurance needs of the Colleyville, TX business community. If you are unsure that your current commercial policy is adequate for your needs, we are here to help. Contact our office today to find out more. 

Benefits of comprehensive commercial coverage

Owning and operating a successful business takes a lot of hard work and dedication. Because of this reality, it only makes sense to fully protect a company with robust insurance coverage. A comprehensive commercial policy can help to protect your company from failing due to a covered event.

Without a sufficient amount of coverage, it can be possible for one catastrophe to completely wipe out years or decades of hard work. Fortunately, a comprehensive commercial policy can provide the protection necessary to overcome setbacks and continue to be successful in spite of them. No one wants to watch their business fail due to lack of coverage. Increasing your insurance now can help your company thrive in the future. 

If it’s time to increase the level and breadth of your commercial coverage, it’s time to take a closer look at the comprehensive policies that are currently available in our area. There’s no reason to leave your business underinsured and unprotected. Find out more today about the many effective commercial policies that can meet your firm’s unique needs. 

Get The Right Coverage For Your Business

If you own or operate a business in Colleyville, TX or the surrounding area, you can rely on the team at Jason Ridley Agency for all of your insurance needs. Our team is dedicated to providing our business clients with the information they need to adequately protect their companies. Call or stop by our office to learn more about our services.

What Are The Risks Of Not Having Home Insurance

If you are a homeowner, you should always ask yourself what would happen to you and your house in the event of a burglary, fire, or any other unfortunate event. Do you have financial protection if something happens? Is your home properly protected?

One of the best ways to protect your home today is to get home insurance, but many homeowners decide not to purchase it to save money. If you are one of them and you do not want to spend money on home insurance, you should be aware of the risks. 

Jason Ridley Agency in Colleyville, TX can help you navigate this vital coverage.

What Are The Risks Of Not Carrying Home Insurance?

  • Your property is left unprotected. You should understand that without home insurance you are responsible for all the repairs and fixings you may have if something happens to your property. Without an insurance policy, you will have no financial security and will have to cover all the expenses. 
  • No liability protection. If your guest or visitor gets injured on your property, you will not be covered against lawsuits if they decide to sue you. In addition, you will have to pay for their medical bills, which can cost a fortune. 
  • You may have a mortgage default. Even though homeowners insurance is not required in Texas, many mortgage lenders do not approve homebuyers for a loan until they get home insurance. If your lender is like this and you decide to cancel your policy after getting approved for a loan, your mortgage lender will most likely get notified, and your action will be considered a violation of your mortgage contract. 

Get Home Insurance Today

If you are a lucky homeowner and you are searching for an insurance agency to buy home insurance for your property, you should contact Jason Ridley Agency. Our knowledgeable and experienced insurance agents serving clients in Colleyville, TX and other nearby areas will help you find a perfect policy based on your needs and budget. Feel free to reach out to us to know more about the insurance options that we offer. 

What Should You Do if You’re Denied Life Insurance?

You’ve finally done it. You’ve completed the life insurance application process. Now you’re just waiting for approval, so you can have peace of mind knowing your family is covered financially if anything happens. But then the unthinkable happens: you’re denied coverage. Now what?

While no one wants to consider the possibility of being denied life insurance, it can happen. If you are in this situation, don’t panic. Consult with Jason Ridley Agency in Colleyville, TX for expert insurance advice.

Here are four steps to take to remedy the situation:

1. Find Out Why Your Application Was Denied

The first step is to find out why you were denied coverage. There are numerous reasons why an insurance company may deny coverage, many of which can be remedied. For example, if you have a pre-existing medical condition, the insurance company may require you to wait a certain period of time before they provide coverage.

Alternatively, they may offer coverage at a higher premium. Once you know why you were denied, you can start to look at your options.

2. Check for Errors in Your Application

If you’re healthy and have no pre-existing conditions, the denial may be due to errors in your application. For example, you may have accidentally omitted information or made a mistake on your medical history. In this case, you can talk to your insurance agent and resubmit your application with the correct information.

3. Carefully Review Your Case

If you’re denied life insurance for health reasons, you have the right to request a written explanation of the decision. This is called an "adverse action notice." Once you receive this notice, review your case and look for any errors.

If you believe there was a mistake, you can file a complaint with your state insurance department. If you’re denied life insurance for other reasons, such as not meeting the minimum requirements, you can’t appeal the decision.

In some cases, you may be able to find another company that’s willing to insure you. For example, Jason Ridley Agency in Colleyville TX can help you with this process. Regardless of the reason for your denial, it’s essential to understand your options and take action accordingly.

4. Reach Out to a Life Insurance Agent

If you are denied life insurance, the best thing to do is to work with a reputable life insurance agent. The agent will help you understand why your application was rejected and what you can do to improve your chances of getting coverage in the future.

They will also help you find other life insurance options that may be available to you. Don’t give up on getting life insurance coverage just because you were denied once. There are many different life insurance policies out there you can purchase.

Contact Us Today For Life Insurance Coverage

Have you been denied life insurance before? We can help call us today at Jason Ridley Agency in Colleyville, TX, and we can help you find the right life insurance policy for your needs. We understand that not everyone is perfect, and we will work with you to find a policy that meets your needs.

4 Add-ons to Consider for Auto Insurance

If you have invested in car insurance from Jason Ridley Agency in Colleyville, TX, it protects you from perils like collisions, fire, theft, select natural disasters, fallings objects, etc. As you can see, standard auto insurance gives you blanket coverage against common risks. However, if you need protection against unique risks, you should consider “add-ons” or “riders” to boost your car insurance policy.

Here are 4 auto insurance add-ons to consider:

Roadside assistance

Your vehicle gives you comfort and convenience, but like most things in life, it can break down when you least expect it. However, don’t let a flat tire, dead battery, an electronic mishap or empty fuel tank leave you stranded on the highway. Instead, invest in roadside assistance coverage to rescue you when your car misbehaves while many miles away from your residence.

While this coverage is suitable for everyone, it’s more critical for motorists who drive long distances frequently.

Zero depreciation

If your car is totaled or stolen, your compensation will be less than the depreciation amount. If you want a similar vehicle in the market, you will have to fork out more money from your pocket to cover the depreciation. The zero depreciation coverage cushions you against depreciation. This coverage is more appropriate for newer cars compared to second-hand vehicles.

Personal belongings coverage

Suppose your laptop is lost or damaged while in your vehicle. Your standard auto insurance won’t cover the loss or damage. For such damage, you have to rely on your renter’s or home insurance policy. But if you have none of this, consider personal belongings coverage, especially if you travel with valuables in your vehicle.

Engine protect

Your standard car insurance covers engine damage if damaged in a collision or due to a peril included in your policy. However, if your engine fails because of waterlogging or an oil leak, your typical auto insurance won’t help unless you have an engine protection add-on.

Give Us A Call

Need to learn more about auto insurance add-ons in Colleyville, TX? Book an appointment today with Jason Ridley Agency for more information.

The Top 5 Mistakes Businesses Make When It Comes to Their Insurance

Believe it or not, insurance is one of the most commonly overlooked aspects of running a business. And yet, having the right insurance coverage is essential to protecting your company from devastating financial losses. To help you avoid making costly mistakes, we at Jason Ridley Agency in Colleyville, TX have put together a list of the top 5 mistakes businesses make regarding their insurance coverage. 

Business Insurance Mistakes: What You Need To Know

1. Not Having the Right Coverage

The first and arguably most important mistake businesses make is not having the right insurance coverage. Depending on the type of business you operate, there are a variety of different types of coverage you may need. For example, if you run a manufacturing company, you’ll need to carry product liability insurance in case one of your products causes injury or property damage. And if you own any business premises, you’ll need to insure it against damage from fire, theft, or other perils. 

2. Not Asking for a Quote

Another mistake businesses make is not asking for a quote. When it comes to insurance, you usually get what you pay for. So, if you don’t shop around and compare rates, you could end up overpaying for your coverage. 

3. Not Reviewing Your Coverage Regularly

Another common mistake businesses make is not reviewing their coverage regularly. Your business is constantly changing and evolving, so it’s important to make sure your insurance coverage keeps pace. For example, if you’ve added a new product to your line, you’ll need to make sure your product liability coverage is adequate. If you’ve moved to a new location, you’ll need to update your property insurance policy. And if you’ve hired new employees, you’ll need to ensure your workers’ compensation policy is up to date. 

4. Failing to Disclose Material Facts

When applying for insurance, you must disclose all material facts about your business. A material fact is any information that could reasonably impact the insurer’s decision to provide coverage. For example, if you’ve had a fire at your business premises, you’ll need to disclose this when applying for property insurance. If you’ve been sued for product liability, you’ll need to disclose this when applying for product liability insurance. Failing to disclose material facts is a serious error that could result in your policy being voided.  

5. Making Late Payments

Another mistake businesses make is making late payments. Your policy could be canceled if you don’t pay your premiums on time. So, it’s important to stay current on your payments. 

If you avoid these mistakes, you’ll be well on your way to securing the right insurance coverage for your business. Contact Jason Ridley Agency in Colleyville, TX for more information on business insurance. We’re here to help you find the right coverage for your business.

Reasons to Buy Life Insurance In Your Twenties and Thirties

Most people think of older people when they think about buying life insurance. They may think that it is something that you should get when you are ready to retire. 

That being said, it is often a good idea to get it when you are in your twenties and thirties. Jason Ridley Agency in Colleyville, TX provides this guide on some reasons why. 

Why to Buy Life Insurance In Your Twenties and Thirties

The cost of life insurance will go up the longer that you wait

In fact, it may be cheaper than you ever imagined, if you buy it now. If you wait, you could spend quite a bit more money each month. 

Most people are living with outstanding debt

This may include student loan debt, debt to start a business, or just any loan that you may take out in your twenties or thirties. If you don’t have life insurance, your family is going to have to pay back every cent that you owe, even if they can’t afford it. 

At this point, your family probably relies on the income that you bring in 

Without it, your family may struggle financially or lose it all if the unthinkable happens to you. 

Contact Us Today

Basically, if the loss of your income would be devastating to your family, you need to make sure that you have enough life insurance to protect your family. It will help keep your business going, and erase your debts, so that your family doesn’t have to lose anything if something happens to you. It is also much cheaper if you get life insurance when you are young! 

If you are thinking about your family, don’t hesitate to contact us today at Jason Ridley Agency in Colleyville, TX. 

Why Auto Insurance Is Important

When you first buy a car or other vehicle, you may be wondering about insurance. Though you may think that it is a waste of money every month, the truth is that it really isn’t. 

Here are some reasons why auto insurance is important:

It is there to protect you. Accidents can be pretty expensive, and most people don’t have a lot of extra money lying around, so insurance is there to protect you and your family. Fixing and replacing a vehicle can be quite expensive, let alone the medical bills that you could be facing. If you are at fault, you may also be responsible for their expenses. Your insurance will cover these costs, so that you don’t go into debt over an accident. 

Your state may require you to have insurance. Legally, you need to have automobile insurance if you are driving in most states. If you are caught without insurance, you could face serious legal consequences. 

Your loan may also require insurance. If you take out a loan in order to buy your vehicle, they are going to want to make sure that their investment is protected. They may require even more insurance than is required by your state. 

Though you may not want to buy insurance for your vehicle, the truth is that you have to. It is there to protect you in case you are involved in an accident. If you are at fault, you have no idea how much money it could cost you. Your state and loan may also require you to have a certain amount of insurance. 

If you want to make sure that you have enough insurance for your needs, contact us at Jason Ridley Agency in Colleyville, TX. 

When Do You Need to Buy Commercial Insurance?

Commercial insurance is a necessary purchase for many businesses. It is important to know when you need to buy commercial insurance and how much coverage your business needs as a business owner. Here are some everyday situations where it’s best to purchase commercial insurance.

1. You Have Employees

As a business owner, you typically need to purchase workers’ compensation insurance for your employees. Worker’s compensation helps pay medical expenses and lost wages if an employee is injured in their job. Even if you have only one part-time employee, you should still consider purchasing this type of coverage.

2. You Use Equipment or Tools at Your Place of Business

Any equipment or tools you use at your business’ location need to be covered by commercial insurance. For instance, if you own a car and use it for work purposes, you will typically need to include this vehicle under your business’ auto insurance policy. In addition, if any of the equipment or tools at your place of business are stolen or damaged, you’ll be covered under your business’ property insurance policy.

3. Your Business Owns a Storefront

Not only do you need to purchase insurance for your equipment and tools, but if your business has a physical location, you should invest in commercial property insurance. Commercial property insurance will help cover any damage caused by an accident on your premises. This type of policy will also protect the contents of your building in case of damage or theft.

4. Your Business Is Engaged in a High-Risk Industry

If your business operates in a high-risk industry, such as construction, you will need to purchase additional commercial insurance coverage. Industries that utilize hazardous materials and equipment need extra liability coverage. It would be best to speak with your insurance agent about the specific types of risks associated with your business and how much extra protection you may need for this area.

As a business owner, you need to know when to buy commercial insurance. Several factors will determine how much coverage your business needs and which types of policies you need to purchase. Jason Ridley Agency can provide expert advice on what kind of coverage your business needs in Colleyville, TX. Call us today to learn more.

Do all people in Texas need home insurance?

Owning a home has continued to be a great long-term investment opportunity for those in the Colleyville, TX area. When you are looking to purchase a home in this region of Texas, it is very important that you spend time properly assessing your insurance needs. There are various reasons why the typical person here will want to get insurance coverage when they buy a home. 

Ensure Assets are Covered

A primary reason to have a home insurance plan is to ensure your assets are covered. If you buy a home, you will want to know you have the capacity to replace it if it is badly damaged. With home coverage, you will get the support you need to cover damages due to a fire or bad weather. This coverage will also include support for your personal assets up to your policy limits.

Liability Risk Mitigation

It also is a good idea to get home coverage to reduce your liability risk. As a property owner, you can be held responsible for accidents that cause injuries or property damage. If this happens, you would need to cover the damages and repair costs. Fortunately, this risk can be mitigated if you get a home insurance plan as it will offer you additional liability insurance coverage. 

If you want to buy a home when in the Colleyville, TX area, you will always want to know that you are speaking with someone that you can trust. The team with the Jason Ridley Agency can offer you any guidance that you need to choose a plan that is ideal for your situation. Jason Ridley Agency is able to do this by assessing your situation to determine your insurance needs and then giving guidance to build the right plan. 

Who should invest in life insurance?

Life insurance is perhaps one of the most misunderstood types of insurance. This is understandable because this insurance doesn’t come into play until after a person has passed away. As a result, many people question whether or not this type of insurance is truly a necessity. Our Colleyville, TX team at Jason Ridley Agency is happy to answer any questions associated with life insurance.

What is Life Insurance?

In short, life insurance pays a certain amount of money upon the death of an insured person or at the end of a set/pre-determined period of time. Typically, beneficiaries or a beneficiary is listed as the recipient of this money upon the death of the insured or after a set period of time. The person or persons benefit by receiving a lump sum of money. 

"Who" Should Consider Investing in Life Insurance?

You should consider life insurance if your death will place a financial burden on your family or someone else. If you are the head of a household or an earner whose income or loss of income would impact the lives of others, life insurance may be a good investment for you. However, on the flip side, even a housewife or someone who doesn’t support a home with income should consider life insurance as well. Housewives often eliminate the need for child care, making their financial contribution quite valuable as well.

Conversely, even if you don’t have a family, life insurance can still have many valuable benefits as well. In short, the question of who should invest in life insurance is an intensely personal one. It’s best to get help from a licensed and experienced insurance agent like the agents from Jason Ridley Agency. Our team can help you explore your unique situation to thoroughly address the question of whether or not an investment in life insurance would be beneficial. If you have questions about life insurance, give us a call. We’re standing by.