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.

Boat Insurance Options for Summer Fishing Fun

Clovis, NM has plenty of fun lakes to explore and fish during the summer. If you plan on taking yours out this year, you need one or more insurance policies from us at General Insurance Agency.

Types of Boat Insurance Options

Boat insurance falls into two types: agreed value and actual cash value. The first type covers your boat based on its worth when the policy was written while actual cash covers the boat based on its value at the time of the incident that requires the insurance to repair.

These policies can be applied to multiple types of boats, personal watercraft devices, yachts, sailboats, dinghies, professional fishing boats, boating clubs, and even rental boats. Commercial policies help protect businesses who plan on renting boats out to people during the warm summer months.

Coverage Options

Insurance policies for boats typically fall under these coverage options:

  • General Coverage – Takes care of basic boating damage
  • Specialized Coverage – Individual insurance options for specific items on a boat.
  • Salvage – Pays to remove a boat from a lake or body of water if it sinks.
  • Towing – Moves your boat across a body of water if its engine fails.
  • Consequential Damage – Pays for damage caused by wear and tear.
  • Cruising Extension – Coverage for trips that take place outside of the country.

Factors That Influence Boat Insurance

People buying boat insurance need to consider the following factors before buying a policy:

  • Age
  • Length
  • Cost
  • Engine (horsepower and speed)
  • Build condition
  • Type of boat
  • Ownership
  • Bodies of water its used on

Find the Right Policy for You

So if you plan on taking your boat out this summer in Clovis, NM, please contact us at General Insurance Agency to find a policy that works for your needs.

Does My Employer Have to Provide Life Insurance?

People live in Clovis, NM, for a number of reasons. Cost of living is low. There’s none of that urban sprawl and hassle. The desert air is great and the sunsets are unbeatable. Life in the area can be pretty laid back, and as a result many residents don’t always take a proactive stance on things like life insurance. You know you need it, but you might not know the best way to get it. General Insurance Agency has the answers you seek.

It Depends on the State

New Mexico is among many right to work states. That comes with its own set of pros and cons. The good news is that you can leave any job at any time for any reason. You can also take any job offered to you. On the other hand, employers have that same freedom. They can fire any employee for no reason at all. They also aren’t obligated by the state to provide benefits. New Mexico law makes no guarantees for retirement, health insurance or life insurance. The first two on that list are partially covered by federal law, but life insurance is not. Your job in Clovis, NM, might include life insurance, but it doesn’t have to.

Staying Protected

Life insurance is a bit of a problem for New Mexico residents. It’s one of the states with the lowest levels of coverage, and many New Mexicans suffer as a result. If your company doesn’t provide life insurance, you still need a policy. Thankfully, seeking out your own solution isn’t terribly difficult. Depending on your situation, you may be able to lock into an extremely affordable policy that lasts for the rest of your life.

Your policy won’t magically appear. You will have to put in a little effort. General Insurance Agency is here to make it as easy as possible. Make a phone call and see what policies are available. You can be covered with less trouble than you think.

 

Why It Is Important To Review Your Home Insurance Before The Holidays

A lot of things happen around the holidays. Particularly in Clovis, NM, you want to make sure that your home is protected against all that could go wrong. Whether it’s your decorations, your cooking or your entertaining that could cause a catastrophe, your insurance policy is what will protect you. General Insurance Agency can help you build a sufficient policy for the holidays as well as the rest of the year.

Think about the various scenarios that could lead to an insurance claim. You plug in too many wires while decorating and cause a fire. You leave the oven on after baking pies and cause a fire. You invite the neighborhood over for a party and someone gets injured on your property and then sues.

By reviewing your policy before the holidays, you can make sure that you have coverage in all of the necessary areas. If you don’t have fire coverage or you don’t think you have enough liability protection, you can make adjustments to your policy. You can also increase your coverage of personal property in the event that you get broken into around the holidays, which is common in many cities.

Ultimately, you want to be able to rest easily throughout the holidays knowing that, if something were to happen, you can file a claim. You don’t want to be financially responsible for repairing your home or making replacements on all of your valuables. Your insurance company should be able to take care of the majority of the expenses – but only if you have the necessary coverage.

Your home in Clovis, NM should always be covered. Independent insurance agents at General Insurance Agency can review your policy and make recommendations. We can also help to make cost comparisons that can save you money on your premiums.

 

 

The Importance of Commercial Insurance

Whether you established your business many years ago or are just starting out, commercial insurance is something you will be happy that you had. Commercial insurance from a trusted insurance company, such as General Insurance Agency in the Clovis, NM area, will protect your business from a wide range of financial burdens, including workers’ compensation, liability, crime, and natural disasters. Without this insurance, you are looking at paying out of pocket if something were to happen to your business or employees. Not only would you have to fork over the cash, but there may also be legal penalties for failing to acquire the proper insurance.

Types of Commercial Insurance

There are a number of insurance policies to consider for your business, but the most common ones are:

  • Workers’ compensation: Will protect against any accidents that may occur with your employees.
  • Liability:  Keeps the business safe when damage is caused to any third parties, such as customers.
  • Property: This type of insurance will keep the business safe against any damages to the property, like a fire or natural disaster.

Benefits of Commercial Insurance

Accidents or theft occur more times than they should, so it is crucial that you take action against it ruining your business by obtaining commercial insurance. Whether your employee gets injured on the job, your store is broken into, or a customers’ items are damaged in your place of business, being covered with this type of insurance will protect the business you have built. But you can’t do it alone. Having an insurance company that you can depend on in the Clovis, NM area will put your mind at ease. General Insurance Agency is one type of insurance company that would be happy to help you find the right coverage for your needs. However, make sure to do research insurance companies in your area to find that one that will work best for your business.

 

What is the Difference Between Full Coverage and Liability Auto Insurance?

There are two types of auto insurance. You should know the difference as a consumer and you should understand why it is important to have auto insurance. Auto insurance can protect you or your property, namely your vehicle, and help pay for hospital bills and other liabilities due to driving. Coverage depends on your policy, but an agent can help you to determine the best policy to go with. You can contact an agent at General Insurance Agency in Clovis, NM to secure either liability or full coverage automobile insurance. 

What is Liability Insurance?

Liability auto insurance is the basic minimum type of auto insurance that you can get. It will cover medical and property damages from a car accident in which you are at fault. You are responsible to pay for any damages that your liability auto insurance coverage does not cover. Liability coverage is usually required to have by law. Your own vehicle is not covered by your liability policy. It only covers the damage to others. That is why it is called liability: because it only covers your liability to others. There are different levels of coverage. Talk with a Clovis, NM agent at General Insurance Agency to learn more. 

What is Full Coverage Insurance?
Full coverage auto insurance is coverage that provides both liability coverage as well as other coverage for your own vehicle. That includes collision and comprehensive coverage. The insurance costs more but it will cover the damage to your own vehicle as long as the deductible is paid. Comprehensive coverage means that other damages like those due to weather, vandalism or grand theft auto. Towing fees, car rental fees, and higher medical coverage can also be selected with a full coverage policy.