Is it time to add flood insurance to protect your San Antonio home?

If it’s time to update or change the insurance policy protecting your San Antonio, TX area home, give the folks at LeapFrog Insurance a call. We’re here to help you with all types of insurance. Our team can answer any questions that you may have about flood insurance.

Benefits of having flood insurance in our area

Protecting your house is a big part of responsible home ownership. There are many benefits to having a flood insurance policy in our area. The main advantage is that it provides an additional layer of protection above the coverage provided by a primary homeowner’s policy. 

The other main reason many folks choose to add a flood policy to their primary insurance is that they typically provide coverage that a primary policy lacks. This means that protection will be in place if a flood damages or destroys your home.

Many homeowner policies do not include protection from flood damage. Of course, your lender will typically require you to carry a flood policy if you live in a flood zone. When a home is located outside of a flood zone, it can make the need for a flood policy a little bit confusing.

The first thing to do is review your current homeowner’s policy to check for exclusions. This exclusion will state that the policy won’t cover any losses due to floods. Adding a flood policy could ensure that damage caused by a flood will be covered. 

We are here to help!

San Antonio, TX area residents can turn to the team at LeapFrog Insurance for help with their homeowners’ policies, flood insurance, or any other insurance need. Give us a call or stop by today!

What Does Flood Insurance Cover?

If you live in an area prone to flooding like San Antonio, TX, it’s important to have flood insurance. Flood insurance can help protect your home and belongings in a flood. But what does flood insurance cover? In this blog post, we’ll discuss what types of damage are covered by flood insurance policies.

1. Your Home and its Foundation

This includes the walls, floors, ceilings, and other structural components of your home. If your home gets damaged from flooding, your flood insurance policy will help pay for the repairs.

Flood insurance will also cover any attached structures. This can include things like your garage, porch, or deck. If these structures are damaged by flooding, your flood insurance policy will help pay for the repairs.

2. Your Plumbing and Electrical Systems

This includes the pipes, wiring, and other components of these systems. If these systems are damaged by flooding, your flood insurance policy will help pay for the repairs.

Flood insurance will also cover any appliances that are damaged by flooding. This can include your washing machine, dryer, dishwasher, and refrigerator.

3. Your Personal Belongings

Personal belongings include things like furniture, clothing, and electronics. If these items are damaged by flooding, your flood insurance policy will help to pay for the repairs or replacement of these items. If you live in San Antonio, TX, you should get flood insurance from a reputable company such as LeapFrog Insurance.

4. Additional Living Expenses

If your home is damaged by flooding and you need to live elsewhere while repairs are ongoing, your flood insurance policy will help pay for these additional living expenses. These can include things like hotel bills, meals, and transportation costs.

Conclusion

Flood insurance is an important type of insurance for homeowners who live in areas prone to flooding. Flood insurance can help pay for the repairs or replacement of your home, belongings, and appliances if they are damaged by flooding. If you live in San Antonio, TX, talk to LeapFrog Insurance and get your flood insurance policy.

How Do I Protect My Business From a Lawsuit?

A lawsuit can destroy a small business. Even a small claim—$25,000 or less—can be expensive to defend and can lead to a cascade of other costs. Even if you win, the costs of defending yourself can be devastating.

LeapFrog Insurance wants to help San Antonio, TX businesses protect themselves from lawsuits. Please read on to learn more!

The Many Types Of Liability

Every business is exposed to different types of liability, from a sole proprietorship to a large corporation, during regular operations. These liabilities can include:

  • Product liability: If your business manufactures or sells a defective product.
  • Professional liability: If your business provides professional services, such as medical practices, legal advice, or engineering services.
  • General liability: If your business provides goods or services to the public, where there is a risk of injury or damage.

How Likely Are You To Be Sued?

We live in a litigious society. According to the Court Statistics Project, Texas currently leads the country in the number of civil lawsuits filed over 2021, with more than 1,000,000. With so many people ready to sue over anything, you need to be prepared.

How Business Insurance Helps

The right type of commercial insurance can help you protect your business when you need it most. Commercial insurance can help cover the costs associated with product liability, professional liability, and general liability. Additionally, it can help cover the costs associated with social cases such as slander or libel. Liability insurance can even help cover the settlements or judgments resulting from a lawsuit you lose. You need liability insurance to help your business stay in business.

Are you a San Antonio, TX business owner? Reach out to LeapFrog Insurance today to discover what we can do to protect your business assets during litigation.

How Does Life Insurance Work?

Life insurance pays if you die, and your assets are left to beneficiaries. You can choose to have a limited amount of coverage that will pay out a set amount or higher coverage for a specified amount. The amount of the policy you choose will depend on your expected life expectancy, and it’s usually cheapest when you have hired it for a short period (e.g., a year) to protect your retirement. The coverage is usually highest when you have employed it for an extended period (e.g., 30 years). 

What Is Whole Life Insurance? 

Widows and widowers who want family protection get whole life insurance. It’s often cheaper when you have purchased it pre-paid, but this is not always the case. It pays out if you die before your life insurance policy expires. Your whole life insurance policy is the length of time you buy the insurance and how often you buy it. You can purchase it in different forms, including guaranteed benefit life, guaranteed paid death benefit life, and death benefit insurance. 

How Does Term Life Insurance Work? 

The policy pays out benefits if you die before your term. You won’t receive the full amount up-front, but it will pay out a portion of your benefits each month for some time. It is usually less costly than buying individual life insurance policies. The length of time you buy the insurance and how often you buy it is called your term life insurance policy. You can purchase term life insurance in different forms, including whole life, diversified, and term life annuity. 

Summing Up

Getting life insurance doesn’t just cover your funeral expenses; it also makes sure that your heirs aren’t left without a source of income. It’s crucial to find a life insurance company with a good reputation, as bad actors can put your interests before those of the policyholder. Ask about incentives such as lower rates if you are a repeat customer or make a certain amount of money when the policy is purchased. Whether you decide to get life insurance, you should understand how it works, so you don’t end up with no protection in case of your death. For help, contact LeapFrog Insurance based in San Antonio, TX.

Is commercial insurance in Texas a good investment?

For an aspiring small business owner, starting a company in the San Antonio, TX area can be a great idea. There are a lot of advantages that come with starting a company here, and you could have a lot of success in this growing market. While there are advantages, those that start a business do need to take their insurance needs seriously. A commercial insurance plan offers various forms of coverage that will make it a good investment for your business. 

Protect Company Assets

A good reason for any business to obtain commercial insurance is that it can help protect your assets. Businesses today continue to rely on core assets to ensure their organization is able to run efficiently. If you were to lose any of these assets to fire or another form of loss, it could be a major setback. With a commercial insurance plan, you are going to have the support needed to replace or repair these assets.

Mitigate Liability Risk

You should also get a commercial insurance plan to mitigate your liability risk. When you run any type of business today, you are going to take on liability risks regularly. If there is an accident, you will have to cover the damages. As this could be a big financial hit, having commercial insurance with liability coverage is a great investment and could help to keep your business viable. 

Those that would like to get a commercial insurance plan in the San Antonio, TX area should speak with the team at LeapFrog Insurance. There are a lot of choices to make when looking for coverage and LeapFrog Insurance will give you any guidance that is necessary. This can help ensure you have a commercial insurance plan that will cover your business and help protect your organization’s future. 

Types of Life Insurance

Leapfrog Insurance serving San Antonio, TX, wants you to know about life insurance. Life insurance is an asset for your beneficiaries, and it pays out after your death. Life insurance is not for everyone but if you have people who rely on you for an income you should seriously consider it.

There are two main types of life insurance.

Term Life Insurance

Term life insurance is life insurance for a certain term of your life. It may be for one year or up to 30 years. If you die during the term of your life insurance, then your insurance will pay out to your beneficiaries. If you don’t pass away during the life insurance term, it will not pay out.

Term life insurance is usually the more reasonably priced of the two types. However, the cost increases as you age. Depending on the terms of your policy, you may be able to convert it to permanent life insurance later.

Permanent Life Insurance

Permanent life insurance is the other type of life insurance, and it is normally for your whole life. Permanent life insurance has two types of policies.

Whole Life Insurance

Whole life insurance is for your entire life, and it pays out to your beneficiaries after your death. This policy may lapse if you stop paying the premiums or withdraw the full cash value.

Universal Life Insurance

Universal life insurance is the other type of permanent life insurance and stays in effect until the maturity date. At that time, the policy pays out even if you are still living. It is the more flexible option of the two types of permanent life insurance.

Contact Us

Life insurance is customizable, so if you need life insurance, contact Leapfrog Insurance serving San Antonio, TX, today to ask about your options.

Texas Commercial Insurance – Does Commercial Insurance Cover Assets Located Inside The Building?

Commercial Insurance may seem confusing to most people at first, is this just business insurance compared to other insurances?  Does this insurance just cover the property or does it cover assets inside the business?  The answer is a little more complicated than it seems.  You can find out more about commercial insurance in San Antonio, TX by contacting LeapFrog Insurance.

Commercial Insurance

Commercial Insurance is a type of insurance that does focus on businesses and the ensuing property that contains the business.  This type of insurance protects the business from disasters (fires, property damage, etc.) and liability events (someone gets hurt on the property, etc.) that could happen while the business is insured.  

Commercial Insurance also covers all assets inside the building from theft, fire, damage, and other issues.  “Acts of God” such as floods and earthquakes are typically not covered under this type of insurance unless it’s either specifically stipulated under the agreement or added to the policy as a rider.  

Property Coverage

Commercial Insurance also covers the property at large which includes the sidewalk in front of the business and the parking lot attached to it.  Commercial Insurance covers the business in case of a liability event such as someone slipping and falling outside of the business on their property.  There is a degree of liability assigned dependent on what safety measures are taken by the business.  For instance, if it snows and there is residual snow and ice in front of the business, the business has an obligation to remove this snow and ice within a reasonable amount of time.  If the business fails to remove it and someone slips and falls, the business could be liable for personal damages and medical bills which are covered under commercial insurance.

For Further Information

To learn more about commercial insurance, please contact LeapFrog Insurance serving San Antonio, TX today!

Do I need flood insurance in Texas?

Those that are in the San Antonio, TX area should always consider purchasing their own home. When you are a property owner here, you can enjoy a lot of long-term advantages. However, if you are a property owner here, you also need to make sure that you are protecting your most valuable asset. A great way this can be done is with flood insurance. There are a few reasons that you will need to have flood insurance in this area.

Coverage is Required Under Agreements

A reason that you may need to have a flood insurance plan in this part of Texas is that it is a requirement to do so. Any mortgage lender will run a search on your address to see if you are located within a flood zone. If it is determined that you are in a flood zone, your lender will want to know that you have insurance in place to protect your collateral. A great way this can be done is by requiring you to obtain a flood insurance plan.

Coverage Protects Your Asset

You should also get a flood insurance plan to make sure you are able to properly secure and protect your home. A bad flood can lead to very costly repairs for any property. As your home insurance plan may not cover these damages, getting flood protection should be a priority if you are concerned about flood risk.

If you want to buy a home in the San Antonio, TX area, you need to get proper insurance. Depending on your situation, this can mean getting flood insurance. The team with LeapFrog Insurance can help you assess your insurance needs and options. LeapFrog Insurance can then offer you the support needed to build a proper plan. 

What Flood Insurance Covers

If you live in a flood-prone area like San Antonio, TX, you should consider purchasing a flood insurance policy if you haven’t already.

Like most homeowners purchasing flood insurance for the first time, you’ll want to know what your flood insurance covers.

Luckily, you’ll find an experienced Leapfrog Insurance agent in San Antonio, TX, who will explain in depth what flood insurance policies cover.

Generally, flood insurance protects your home and the contents in your home.  

Coverage for Your Building Property

The coverage for your home includes the building structure and foundation of your house, central air conditioning and heating system, electrical and plumbing systems, detached garage, and water heaters. Other in-built installations such as cabinets and bookcases, permanent carpeting, and kitchen appliances are also covered.

Coverage for Personal Belongings

For the property in your home, your flood insurance policy will cover your furniture, electronics, portable appliances, clothing, detachable carpeting, freezers, and other valuable items like paintings.  

Note That

Coverage varies depending on your needs and your flood insurance company. You can purchase your policy from the National Flood Insurance Program (NFIP) or a private insurance company.

The NFIP usually has a maximum coverage limit for your building structure and personal property policies. Private insurance companies will offer you more inclusive policies with higher limits.

Let Leapfrog Insurance Agents Do the Legwork

Not every flood insurance policy out there is the best fit for your needs. The variance in policies means that you need to do extensive homework before you purchase one. Good thing you don’t have to do this alone because a Leapfrog Insurance agent in San Antonio, TX, will be at your service.

Call us today and let us help you purchase the most suitable flood insurance policy for your home and personal property.

Will flood insurance protect my Texas home?

Owning a home in the San Antonio, TX area is a great idea for many people. Those that are property owners will enjoy building personal equity and having a stable place to live. If you purchase a home here, having the right insurance in place is very important. A form of coverage that all people need to consider getting here is flood insurance. This coverage should be considered a necessity for some property owners for several reasons.

Protection for Home

One of the most important reasons to get a flood insurance plan in Texas is so you can protect your home. Anyone that owns a home needs to ensure they have all the right coverage in place. As a standard home plan may not offer much coverage against flood risk, getting a full flood insurance plan can be a great option as it will provide this additional coverage. 

Compliance

The primary reason people will continue to get flood insurance in this area of Texas is so they can stay in full compliance. Anyone that wants to take out a mortgage may be required to carry this insurance if their home is located in a flood zone. Even if your home is not in a flood zone when you buy it, the zone maps change, and you could be required by your lender to get it in the future. 

Property owners in San Antonio, TX should always consider their need to obtain flood insurance. Those that are looking into getting a flood insurance plan here should call LeapFrog Insurance. The professionals with LeapFrog Insurance can help you determine if your home is at risk of flood damage and if coverage should be a requirement. They can then help build you a plan that will keep you and your home fully covered.