The Benefits of Boat Insurance

If you own a boat in Clovis, NM, it’s important to note the benefits of having boat insurance, even if you aren’t required to have it. Different policies can cover different aspects of boating so work with an agent at General Insurance Agency to create the right policy for you.

Homeowners Insurance Won’t Have Coverage: Many boat owners in Clovis, NM think that their homeowner’s coverage extends to the boat. There is some truth in it but there is not a lot of coverage so you could lose money if you rely on it.

Investment Protection: Without insurance, you could lose your investment. Just a single storm can sink a boat or a fire near your boat can burn it completely.

Covers Extensive Property Damage: The average property damage for a boat can be over $10,000 and since it’s just the average, your repairs could be much higher. The dollars can really add up when you consider also needing to tow the boat to the repair facility. A boat insurance policy can put your mind at ease and help you focus on having fun on the water.

Cover for Injuries: Boats can cause extensive injuries thanks to large objects colliding at great speed. A good policy can turn a catastrophic loss into a more manageable inconvenience.

Liability Coverage: Without liability coverage, you will be on the hook for the full amount of any damage or injuries you cause. Don’t let an accident ruin your time on the water.

Environmental Protection: If your boat leaks fuel into the water then you are responsible for cleanup and removal. If you have coverage that includes this then you won’t have to pay a fortune out of your own pocket.

Total Loss Replacement: If your boat sinks then it will be a huge monetary hit to replace it. Policies can include total loss replacement, which enables you to return to the water quickly.

Contact General Insurance Agency to get a quote on boat insurance. 

How much life insurance do I need

Life insurance is something that is different for each person.  How much life insurance you need depends on many different things. It is affected by your age, your income, your situation in life and how many people are dependent on you. In order to determine if you are under or over-insured, all of these things need to be taken into consideration. In Clovis, NM, General Insurance Agency can help you to sort this out and come up with a figure that makes sense. 

When you are young and unmarried you will only need enough life insurance to pay your final expenses and any debt that you may have. If you have enough savings to take care of these expenses you may not need life insurance at all unless it is part of your long term financial planning. If however, you are supporting your aging parents or some other family member, you should take that into consideration when determining how much life insurance you need. 

Once you have dependents, a wife, husband, children or other family members, then you need to greatly increase the coverage that you have.  You need to determine how many years of income you want to provide, this is where your income comes in. You want to make sure that your family is able to continue to enjoy the life that you currently provide even if you are no longer here. You also need to have enough to pay off your mortgage, final expenses and any debt that you have. 

When you are older, you may still want to keep a basic policy to cover final expenses and if you still have dependents, provide for them. 

How much life insurance you need is a very personal thing and by talking to the agents at General Insurance Agency in Clovis, NM you can come up with the correct figure.  Give them a call or stop by their office, you will be glad you did. 

Business Owners: Commercial Insurance

Successful business owners know good leadership is important.  Effectively managing employees and taking care of company growth are smart ways to realize gains with expansions.  Marketing strengths are also nicer ways to build a customer base.  Quality service and referrals are good objectives for successful sales strategies in the Clovis, NM area.

Business owners are often busy running their companies and many are experienced enough to understand the importance of building good relationships.  The success of a business is often seen as profitability, and many experienced leaders are also focused on effective management of the employees and expenses.  Other important considerations are liability protection and the appropriate planning for commercial insurance.  General Insurance Agency is experienced working with business owners and planning for current needs with efforts for impressive company growth.  Successfully reviewing a company’s progress is a smart way to understand hiring needs and strategies for any properties involved.  Smart planning may also include the best expertise for a company’s needs, and insurance planning can be part of a company’s successful growth.

Serving Clovis, NM, General Insurance Agency is available to answer your questions about commercial insurance.  With any services, the office buildings could be part of the review for insurance.  General liability and property protection are important with any customers and services being offered.  Your objectives as business owners can help outline the areas of focus for employees, contractors, and managers.  Communication of the company’s goals may include a staff’s focus on the quality of products and attention to customer service.  Also, product distribution is important to consider commercial insurance planning.  Successful marketing and good communication strategies can help business owners.  It’s nice to be comfortable with your company’s achievements for revenues and insurance planning can help as part of the business strategies.

 

How home insurance can protect your New Mexico home

When you are looking for ways to build long-term wealth, buying a property is a great option. For those that choose to buy a home in the Clovis, NM area, ensuring that their home is properly covered by insurance is very important. There are a number of different ways that a home insurance policy can protect your New Mexico home and valuable asset. 

Protection From Storm Damage

Due to the wild weather that can occur in New Mexico, it is important that you have proper home insurance in place. Whether it is a bad rainstorm, a tornado, fire, or another natural disaster, you always need to be prepared for damage to your property. One of the best ways to do this is by getting a home insurance policy. These insurance policies will provide you and your property with financial protection if it is damaged in a storm.

Theft and Vandalism

While natural disasters are always a risk, there is also the risk of theft or vandalism. Even if you live in a great neighborhood, this risk is always present. Since you could incur a significant loss due to property damage and loss of personal assets, you should get a home insurance policy. This will cover the replacement of some personal items and repairs to your property.

For those that own a home in the Clovis, NM area, getting home insurance is very important. Once you are ready to buy a home or want to get a new policy for an existing property, you should speak with the team at the General Insurance Agency. The team at the General Insurance Agency can explain all of your different options available and will help you to get into a policy that provides the right level of coverage. 

What Clovis, NM Drivers Should Know About Car Insurance

There is quite a bit of information about car insurance that is important for Clovis, NM drivers to know. One critical piece of information about car insurance in Clovis, NM, and New Mexico, in general, is knowing about the minimum amount of liability auto insurance. Drivers in New Mexico are required to have these minimum amounts of liability auto insurance to operate their motor vehicle legally. These minimum amounts are necessary in order to make sure anything unfortunate that could happen when you are operating your motor vehicle is covered by your insurance. You should check your insurance policy to ensure that it meets these minimum requirements. 

Another important fact for New Mexico drivers to know regarding car insurance is informing the New Mexico Insurance Identification Database (IIDB) once you have obtained insurance that meets the minimum amounts of liability auto insurance. After you have such auto insurance, you should request that your insurance company provide the necessary information about your policy to the IIDB at their website. Doing so is vital to make sure that the IIDB has your insurance policy on file. If you choose General Insurance Agency, it is easy to contact them about this or anything else.

Drivers in Clovis, NM should also know what can happen if necessary information about your car insurance is not provided to the IIDB in a specific timeframe. If you get a Notice of Noncompliance from the Motor Vehicle Department, contact your insurance company right away so they can give the information to the IIBD immediately. In the event that your insurance company fails to give your insurance information to the IIBD within 30 days of the date on the Notice of Noncompliance, the MVD will suspend your vehicle registration. This is why you should follow up with your insurance company so you know they provided your insurance information to the IIBD quickly. If you are Clovis, NM driver interested in getting great car insurance, you should check out General Insurance Agency.

Can my boat insurance cover both recreational and commercial activities?

Boats provide both adventure and recreation to their enthusiastic owners, but with the fun comes risks as well. Others help chip in some income or both. Well, it is not impossible to use your craft for recreational as well as commercial activities primarily in Clovis, NM where fishing is an everyday economic activity. It is a very prudent idea to make money while still doing what you love.

What you need to know

However, when it comes to insurance, it is essential to understand how it works. The short answer to our little question is no– your boat insurance cannot cover both commercial and recreational activities. At General Insurance Agency, we recommend buying boat insurance as well as commercial insurance if you are earning income from a boating activity.

Commercial activities

For commercial insurance, you will need to state the exact type of enterprise that makes income like ferrying people or fishing. All insurance policies are quite specific in their coverages. Therefore, you need to be specific about your needs. If you use your boat for both commercial and recreation, it is prudent to seek an insurance expert at General Insurance Agency to help you come with a reliable option and also ensure you have every facet of insurance that needs for both working and playing.

Boat insurance

As for boat insurance, the value, type and size of your boat you use factor into what type of coverage you need and how much you need to pay for it. Make sure you understand the perils that are covered before settling in your option.

Your insurance company may offer optional coverages which may be necessary depending on your craft. For more information about the boat and commercial insurance, visit us at General Insurance Agency located in Clovis, NM and our insurance experts with help you with decision making.

 

Does RV Insurance Cover the Cost of Possessions in the RV?

RVs are a great way to vacation and can be a fantastic time for the family, but that is only if they are properly insured. That being said, RV policies cover far more than you might imagine. For those that live in the Clovis, NM are, the agents with General Insurance Agency can help you find the policy that works best for you.

So what does RV insurance cover? RV insurance covers the RV itself, the people that are in the RV, and even the possessions inside the RV. RV insurance works like you might imagine a policy that combines home and auto might work. You will need to list the contents of the RV when you insure it to make sure that the contents are covered and that you are not going to have to worry about the cost of replacing the items inside it if it is wrecked or destroyed.

RV policies also cover theft, so if your RV is broken into and items are stolen, you may be able to claim these items on the policy to get money to replace them. RV policies are a must if you have an RV not only to make sure they are covered in the case of an accident but also to make sure that your RV and its contents are protected. The right RV policy can help to cover the cost of the contents of your RV but they must be listed. You can add more coverage for content on top of the basic coverage to help make sure your RV contents are fully insured.

For those that live in the Clovis, NM area, the agents with General Insurance Agency can help you set up a policy that works for you and for your RV as well.

What is Renters Insurance All About?

With the many different kinds of insurance policies available, it’s no wonder that some types inevitably slip under the radar.  

Renters insurance, also known as tenant insurance, is a valuable and highly important insurance policy for anyone looking to protect themselves and their belongings while renting an apartment. 

Renters insurance is a policy that protects against the loss of property, as well as liability for legal charges against the tenant. This form of insurance provides a safeguard for personal belongings and is best suited for tenants that are currently or soon will be renting an apartment. 

Most landlords already have insurance that covers their property. However, landlords are not responsible for the personal belongings of any tenant renting in their buildings. To fully protect your property as a tenant, renters insurance must be a top priority in your insurance portfolio.  

Not only is this form of insurance highly recommended, but it may also be required by your landlord before you can rent. Check your documents or call your rental office to find out if your specific situation requires coverage from renters insurance. 

Because everyone’s needs are different, General Insurance Agency serves Clovis NM with two types of renters insurance policies. Broad Form policies cover personal belongings under a specific event. Unexpected damages due to unforeseen or unpreventable circumstances may be included under this plan. 

Less specific, Comprehensive Form policies may apply to multiple events. This type of renters insurance may be a good fit for those living in areas that experience frequent, problematic events. 

Finding renters insurance in Clovis, NM may be a difficult process, but it isn’t one you need to go through alone. For more information and details about renters insurance, contact General Insurance Agency to speak with a professional about your options.

Taking Care of Umbrella Insurance Options for Major Corporations

Several large corporations run out of Clovis, NM and the surrounding area, each of which should have high-quality umbrella coverage for possible issues. Thankfully, we at General Insurance Agency can provide the information you need to fine-tune your coverage as much as possible.

How Umbrella Insurance Protects Corporations

Umbrella insurance policies are extra liability coverage that goes into effect when the limitations of general policy are met. These types of policies are often essential for major corporations because they may experience or trigger issues that require millions of dollars worth of damages.

For example, the recall of a harmful product could cost millions of dollars that a company can’t afford to spend. Thankfully, umbrella insurance can help manage this problem by paying not only for the cost of recalling products but for lawsuits triggered by these recalls.

Considerations for Corporate Umbrella Policies

When major corporations buy commercial umbrella insurance, they need to fully understand a multitude of variables. For example, they need to gauge the financial and operational details of the business, including possible injuries and accidents that could trigger their umbrella policy unexpectedly.

Beyond these considerations, the company also needs to get together their current liability and insurance policies and a description of any losses the company has experienced that could have been covered by umbrella policies. This information will help to create a high-quality umbrella policy that won’t miss out on any important details that could affect your payment.

We Have a Policy for Your Needs

If you own or manage a major Clovis, NM corporation and you want to make sure your liability coverage is complete, please contact us at General Insurance Agency. Our policy experts will work hard to insure your company as much as possible.

5 Tips to Preventing Motorcycle Accidents

Safety is of utmost importance to motorcycle riders. It only takes one accident to put you on the sidelines for a very long time. Whether you’re a newbie to motorcycles or have years of experience on the road, the following safety tips can help reduce your risk of accidents.   

Be More Visible

As motorcycles are smaller than vehicles, they tend to be less visible on the road, especially at night or when passing other vehicles. You can compensate for this by keeping your bike’s headlight on at all times and steering clear of other drivers’ blind spot. Avoid splitting lanes during rush hour traffic (or anytime) and wear reflective clothing at night.

Never Drink and Drive

Drinking and driving can be fatal for a motorcycle rider and should be avoided at all costs.

Don’t Drive in Bad Weather

If the weather forecast calls for heavy winds, rain, ice or snow in Clovis NM, leave your bike at home. Riding under these conditions only puts you at risk of having an accident.

Follow Speed Limits  

You may enjoy cruising at high speeds on the highway, but consider the consequences in the event of an accident. For safety sake, follow posted speed limits for both city and highway riding.

Take a Motorcycle Safety Course

Through a safety course, you can learn (or hone) motorcycle skills that can make you a better rider such as brake control, throttle control, evasive maneuvers, low-speed turns and more. The more you practice safe riding techniques, the greater your chances of not having an accident.

Last, but not least, make sure you have adequate motorcycle insurance coverage. At General Insurance Agency, we offer quality motorcycle insurance options at affordable costs. For a free quote, contact an agent from General Insurance Agency in Clovis, NM today.