Month: September 2020

What Small Business Owners Need to Know About Commercial Insurance

Posted on by agentinsure

Few things in life can provide as much satisfaction as owning your own business. Along with all of the significant aspects of business ownership, though, comes a great sense of responsibility. Your customers and employees depend on you to provide protection for the business against many of life’s uncertainties. Having the appropriate commercial insurance in place can make this easy. At SWH Insurance Agency, LLC serving Whitesboro, TX, we can help you better understand your insurance options. 

What is Commercial Insurance?

Commercial insurance is a suite of insurance products that can help business owners protect their investments of both time and money. Disasters such as fires, natural disasters, or burglaries can potentially leave your company financially vulnerable. Having adequate insurance in place can help offset the expenses that can be caused by these events. 

What Does Commercial Insurance Cover?

Commercial insurance can be customized for each business owner, but in general, it will cover the following areas:

  • Property Damage: Property damage coverage can be necessary if there is damage to the physical property of your business or to any equipment you use to run your business. Without this vital coverage, repairs or replacement of damaged property will come out of your pocket. 
  • Vehicle Coverage: If you use vehicles to run your business, you will need auto insurance coverage in order to operate these vehicles safely and legally. Commercial insurance for vehicles works very similarly to regular auto insurance, but with some differences, which you can discuss with an insurance representative. 
  • Liability: Liability coverage is essential to the financial survival of your business. If a customer or employee is injured at your place of business or your goods or services, you could be held liable for those expenses. 

If you would like to learn more about commercial insurance, please contact our staff today at SWH Insurance Agency, LLC serving Whitesboro, TX.

 

Does auto insurance cover floods?

Posted on by agentinsure

You probably don’t worry about floods in Austin, TX because rarely does Lake Austin engulf Sixth Street like the Gulf of Mexico does Houston, but heavy rains can cause flash floods. You need to know when your auto insurance covers this peril. Southwest Insurance Center wants you to understand how auto insurance protects you and which aspects of a policy protect your investment in your vehicle.

Of course, your best course of action when driving and you approach standing water is to turn around and take a dry route. You cannot control it though if heavy rains simply engulf your vehicle. Since most vehicles have less than 12 inches of ground clearance, just one foot of water can affect your undercarriage and the mechanics of your auto.

You need to discuss your insurance coverage with Southwest Insurance Center before Texas thunderstorm season. While it might be tempting to carry only the minimum state-required auto insurance, that will not protect your vehicle. You need comprehensive coverage in your auto insurance policy to cover flood damage. Comprehensive coverage will pay for repairs or replacement costs when necessary for damage caused by an event other than a vehicular accident.

If you took out an auto loan to buy your vehicle, the financial lender may require you to carry full coverage, so you would have comprehensive within that. This means that if your vehicle got damaged in a flood, you would only need to pay the deductible.

You can add comprehensive coverage if you do not already carry it, but you need to do it before the storm season. You are typically restricted from purchasing comprehensive coverage when a hurricane or other storm with tropical-storm-force winds is forecasted and you live within the forecasted landfall path. striking when reported by the National Hurricane Center.

Contact Southwest Insurance Center of Austin, TX today to discuss your auto insurance. A quick chat with an agent can ensure you obtain the proper coverage before you need it.

Benefits of getting dwelling fire insurance

Posted on by agentinsure

Those that are living in the Austin, TX area should consider purchasing a home as it provides many great benefits over the long run. If you are going to purchase a home, you should also carefully consider all of your insurance needs. One form of insurance that you should consider getting is dwelling fire insurance. There are several benefits that come when you get a dwelling fire insurance policy. 

Offers Protection for Specific Risk

One advantage of a dwelling fire insurance policy is that it can give you coverage for a specific risk. When you get a dwelling fire policy, it will give you coverage related to expenses that you incur due to a fire, explosions, and smoke damage. This can be used to help repair or rebuild your home or to repair or replace your personal belongings. It is a more specific form of coverage than a standard home insurance policy. 

Can Cover Lapse in Home Insurance

Depending on where you live and what the local risks are, it may be challenging to get fire protection through your base home insurance policy. Since this could be a real risk that you need to protect against, it is important that you cover these lapses as well as possible. One of the best ways that you can do this is by getting a dwelling fire insurance policy as it will give you the coverage that your base policy may not offer.

There are a lot of situations when someone in the Austin, TX area should get a dwelling fire insurance policy. If you believe that this form of insurance is right for you and your situation you should call Southwest Insurance Center. The team at Southwest Insurance Center can address any of your questions and concerns to ensure you receive proper coverage and support.