Does My Home Insurance Protect Against Floods in San Antonio, TX?

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If you’re a homeowner in San Antonio, TX, you may wonder whether your home insurance protects against floods. The answer is maybe. Standard home insurance policies rarely cover flood damage. The water source usually determines whether your home insurance will cover the damage. Here’s what you need to know:

Homeowners Insurance and Floods

If a flood damages your home, your homeowner’s insurance will probably not cover the damage. That’s because most standard homeowner’s insurance policies exclude flood damage. However, if the source of the flooding is something other than water from outside your home, such as a broken pipe, your homeowner’s insurance may cover the damage.

What is a Flood?

A flood is a rise in water level that inundates usually dry land. Heavy rains, melting snow, hurricanes, and severe storms can cause flooding. When these events happen, the water can rise quickly and cause damage to your home.

What Does Homeowners Insurance Cover?

Homeowner’s insurance covers damage to your home and personal belongings from certain events, such as fire, theft, windstorms, and hail. Most policies also cover liability if someone is injured on your property.

Your LeapFrog Insurance agent can help you understand your policy and whether you need additional flood insurance.

How Do I Protect My Home From Flooding?

If you live in an area prone to flooding, purchase flood insurance. You can also purchase flood insurance even if you don’t live in a high-risk area. It protects your home and belongings from water damage caused by floods.

Do you have questions about your home insurance or flood insurance? We’re here to help you. Contact LeapFrog Insurance today.

What Does Flood Insurance Cover?

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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?

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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?

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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.

What Are the Benefits of Home Insurance?

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Homeowners often overlook the many benefits of home insurance. But it’s important to remember that your home is the single most significant investment you’ll ever make and should be protected from life’s uncertainties, like natural disasters and other property damage. Here are a few benefits of home insurance you should know about.

1. It Protects Your Main Dwelling

Your home insurance policy will protect your main dwelling in the event of a fire, burglary, or other covered property damage. This means you won’t have to worry about footing the bill for repairs out of your pocket. However, home insurance does not cover damage occasioned by negligence on your part, like a fire you started yourself.

2. It Protects Your Belongings

Your home insurance policy will also protect your belongings from damage or theft. This means you’ll be able to replace any lost or damaged items without dipping into your savings. Keep in mind that there is usually a limit to how much coverage your policy will provide, so be sure to read the fine print.

3. It Provides Liability Coverage

If someone is injured on your property, your home insurance policy will provide liability coverage to help protect you from any legal damages that may be awarded. This can be very important in the event of an accident, especially if someone is injured and requires medical attention.

4. It Covers Additional Living Expenses

If you are forced to evacuate your home due to a natural disaster or other covered events, your home insurance policy will cover additional living expenses. This means you’ll be able to live comfortably in a hotel or temporary housing while your home is repaired.

5. It Gives You Peace of Mind

Knowing you have home insurance can give you peace of mind if something goes wrong. Whether it’s a broken window or a stolen computer, you’ll know your policy will help cover the cost of repairs or replacements. This can give you peace of mind knowing that you’re protected financially in the event of an accident or disaster.

LeapFrog Insurance is a leading home insurance provider in San Antonio, TX. We are proud to offer our customers the many benefits of home insurance coverage. Contact us today to learn more about our policies and how we can help you protect your home.

 

 

Is commercial insurance in Texas a good investment?

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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

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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.

Changes That Affect Home Insurance Needs

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Change is inevitable. When it comes to home changes, it means you have to update your home insurance. One of the best ways to ensure that your home insurance is adequate is to talk to your insurance agent to spot gaps in your policy. For San Antonio, TX homeowners, most have made LeapFrog Insurance their preferred insurance agent because we always keep clients updated on home insurance needs. Today, we are looking at changes that mean you have to update your home insurance.

When you welcome a furry friend

Bringing a pet to your home is one of the most exciting in life. However, if your pet can bite, you need to update your home insurance. Why? A dangerous pet means that the risk of inflicting injuries to other people is high. As such, you need to increase the liability coverage of your policy to cover you when your pet misbehaves.

You have added jewelry

Inherited a diamond necklace from your grandma? Or perhaps you have an expensive engagement ring? Either way, you need to update your home insurance. Let’s explain the reason behind it. Your home insurance provides limited coverage to your jewelry. As such, you need a rider or endorsement to give maximum coverage to your high-priced assets.

Added a swimming pool

When the weather is hot and calm, floating in the backyard swimming pool might seem like the perfect way to crown your day. However, adding a swimming pool has insurance implications because it increases the risk of liability claims. If you have never considered umbrella insurance, it’s time to consider the thought now that you have a swimming pool.

Construction price changes

A spike in the local construction costs increases the replacement cost of your home. As such, don’t forget to buzz your insurance agent to update your policy.

Support when you need it

It can be confusing to decipher the changes that affect your home insurance policy. Luckily, if you are in San Antonio, TX, you can make LeapFrog Insurance your preferred insurance agent to help you navigate home insurance.

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

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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?

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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.