Got a Side Hustle? Find Out What Commercial Insurance Products May Be Beneficial For You

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One of the biggest myths pertaining to commercial insurance is that these products are only for large business owners. Many small business owners, including those with a side hustle, can benefit from one or more commercial insurance products. Here at Jason Ridley Agency, providing commercial insurance in the greater Colleyville, TX area, we work hard to match business owners with the right commercial insurance products.

Here are some of the products that may benefit you if you have a side hustle:

Commercial Auto Insurance

If you drive your automobile as part of your side hustle, including driving your car for Uber, Lyft, Door Dash, Grub Hub, Instacart, or another similar service, your personal auto insurance does not cover you when you are earning income while driving. You need a commercial auto insurance policy to protect you and your vehicle. 

Professional Liability Insurance

Professional liability insurance, also referred to as errors and omission insurance, helps to protect you in case your business is sued by a customer or client. For example, if you make cakes and a customer claims your cake made them sick, they can file a lawsuit against your business, and potentially against you personally. Professional liability insurance helps to cover the costs associated with defending the lawsuit, so one lawsuit does not put an end to your business. 

Business Interruption Insurance

Natural disasters or health pandemics may cause your business to come to a screeching halt. Business interruption insurance helps to provide you with an income and cover the expenses associated with your business, such as rent, if your business is forced to stop operating temporarily due to one of these unexpected events. 

Give Us A Call

Commercial insurance products are not only for large businesses. Many freelancers, self-proprietors, and small business owners can also benefit from commercial insurance products. If you are looking to obtain commercial insurance in the greater Colleyville, TX area, let Jason Ridley Agency help you. Reach out to us today to learn more. 

I hit my neighbor’s mailbox by accident. Will my home insurance pay for the repairs?

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Home insurance provides a wide variety of different benefits. Not only will it pay for the repair or replacement of your home, personal belongings, and structures on your property, but liability protection as well. Homeowners insurance provides many different benefits that help homeowners manage and protect their homes. Our Colleyville, TX team at Jason Ridley Agency is committed to helping homeowners understand the benefits of home insurance. 

What is Home Insurance?

Homeowners insurance is designed to provide coverage and personal protection for you, your home, and your property, as well as liability coverage. Liability coverage can include medical compensation for someone who becomes injured on your property, and property damage compensation if you damage someone else’s property.

Loss of use cost is also a benefit of homeowners insurance. Loss of use coverage is also a benefit of homeowners insurance that provides compensation to homeowners who aren’t able to reside or use their home or some other structure. However, what’s covered by your home insurance policy will be determined by the specific guidelines and coverage details of your policy. 

I hit my neighbor’s mailbox by accident. Will my home insurance pay for the repairs?

Yes. Your home insurance will pay for the repair of your neighbor’s mailbox if you accidentally hit it. Your liability coverage includes property damage coverage. If you’re responsible for damaging your neighbor’s mailbox, your insurance company will either replace or repair the damaged mailbox.

Contact Us Today

If you have questions regarding what’s covered under a home insurance policy, we’d be happy to help you explore coverage levels. We can also answer any questions you may have. Call us at Jason Ridley Agency in Colleyville, TX. We’re standing by. 

Life Insurance FAQs

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Nobody likes to dwell on life insurance, but it is the way to protect the ones you love. Most people rarely discuss it and know even less about it. At Jason Ridley Agency in Colleyville, TX, we are an independent insurance agency that allows us to offer more choices to our customers and provide the personalized customer service they deserve. 

What type of life insurance do I need?

Your insurance agent will be able to tell you the benefits of the different types of life insurance, but basically, term life insurance is less expensive but only provides a death benefit. When you need to have a lot of life insurance, it is the preferred option, but it will go away at the end of the term. Whole life accumulates cash value, so it also has a place in your financial plan for life. 

Can I just count on my employee life insurance policy?

Company-provided life insurance is a great benefit to have, but counting on it for your entire safety net is risky. What if you leave your employment? What if your company goes belly up? You could be left with no life insurance at the time you need it most. It is always a good idea to have some of your own life insurance which you control. 

How much life insurance do I actually need?

Life insurance depends on your personal situation. How many people depend on your income? What are the ages of your dependents? If you have children, you need more than if you are single with no dependents. The age of your children will determine how much and for how many years you need to provide income. Your independent agent can help you come up with a figure. 

Contact Us Today

Give us a call or stop by our office to discuss your life insurance needs at Jason Ridley Agency in Colleyville, TX.

What to do when you are in an accident

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Being in a car accident is never something that you can be 100 percent prepared for, but following certain steps can certainly help you stay calm. Jason Ridley Agency in Colleyville, TX is here to assist. We are going to talk about the steps you should take if you get into a car accident.

What to do when you are in an accident

The first thing you should do is check yourself for injuries. Once you have assessed yourself, it is important to make sure all the other passengers are okay. If anyone has been seriously injured, call 911. Next, get yourself and, if possible, your car out of traffic and to safety. If someone hasn’t already, now would be the time to call 911 to report the accident. After calling 911, the next step is to wait for help to arrive. After it is determined that everyone is okay, it is important to exchange information between parties. This includes names, addresses, numbers, and insurance information.

Before starting a claims process, you need to document the accident:

  • Identify the officers at the scene
  • Get a copy of the accident report
  • Take lots of pictures
  • Write the names and addresses of all parties involved
  • Talk to witnesses to get an accurate description of what happened

Now you are ready to start the claims process. Call your insurance company and give them all the information that is needed to make a claim. In some states, it is also required to call the DMV to report an accident as well.

Contact Us Today

If you are looking to get insurance, give us a visit or a call and get a quote from us today at Jason Ridley Agency in Colleyville, TX.

How business owners can benefit from comprehensive commercial coverage

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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

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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?

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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

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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

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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

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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.