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.

 

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.