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.

 

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.

 

How to Determine What Kind of Commercial Insurance You Need

Commercial insurance is a unique type of insurance in that there is no specific policy that you can choose. It is one where you can actually build what you need into the insurance plan so there are no two insurance policies that are the same. This is true even in Clovis, NM and if you are looking to get a commercial insurance policy for your business, General Insurance Agency can help you. 

Because no two businesses are exactly alike, there are no two commercial insurance policies that are as well. You want to be able to choose the things that you need in an insurance policy to make it work for you. In order to determine how this insurance policy will look, you need to take a look at what you need specifically from a commercial insurance policy. There are a lot of things to take into consideration including things like workers compensation and coverage for any machinery that you may have. It may even be helpful to take a look at some of the most common coverages so you can make sure that you get exactly what you need from your policy. 

Because there is so much that can be covered by a commercial insurance policy, you want to make sure that you cover everything that you need. This can be hard to do if you do not know what to consider or if this is your first commercial insurance policy. If you need help figuring out what you need in your policy to make sure that your business is completely covered, be sure to reach out to us here at General Insurance Agency, serving Clovis, NM. We can help you find the right policy that will fit into your budget. 

Put Your Car in Your Garage (Your Insurer Will Love You For It)

One of the biggest contributors to people’s cars being broken into in Clovis, NM is when the same car owners make it easy for thieves and vandals to access the car. Folks who are in the business of looking for easy opportunities most often roam for quick grabs. And leaving one’s car outside and, in some cases, unlocked, makes it much easier for a thief to help himself than if the car is in the garage. The more barriers between a thief and a target, the more likely that a thief is going to opt for an easier alternative.

The home garage is far more effective than an ignition lock, a sound alarm, a neighborhood watch or even a wheel block. That’s because the garage door literally takes the car out of sight. Further, it elevates the crime in Clovis, NM when a criminal gets caught by the police. It’s one thing to grab a small item from the car or break a window. In most jurisdictions, that’s a misdemeanor. However, once a person breaks into a home, even a garage, they have definitely crossed into the felony territory. And if someone is home, it changes from a larceny into a burglary, and even more serious felony class. So many thieves avoid homes altogether, opting for the easier path in theft crimes from what General Insurance Agency experts have seen with claims.

To find out how much of a difference a garaged car can mean for your auto insurance, have a chat with the folks at General Insurance Agency. They can get right down to the details of how the simple garage can mean big difference savings for your car insurance policy.

How Much Auto Insurance You Legally Have to Have

Auto insurance is something that can be a bit tricky for some but it doesn’t have to be. Here at General Insurance Agency, serving Clovis, NM, we know that you simply need to have the minimum amount of coverage based on the laws in the state. You do not have to any anything more unless you want to have it but you cannot have anything less or you will be breaking the law. As long as you meet the minimum requirements for the state of New Mexico, you will not have any issues.

What Are the State Minimum Requirements?

In the state of New Mexico, the laws for auto insurance outline that drivers of vehicles are required to have minimum liability auto insurance. There are also specifically set amounts of coverage that are needed. Drivers need to have at least $25,000 in coverage for bodily injury to or death of one person, $50,000 in coverage for bodily injury to or death of two or more persons, and $10,000 in coverage for property damage in any one accident. Keep in mind that these are all liability coverages.

Now that you know what is required of you in order to remain legally compliant in terms of auto insurance in Clovis, NM, you need to make sure that you have that coverage. If you are not sure how much coverage you currently have and if it meets the minimum requirement, we can take a look at that for you. if you do not have a policy, we can even get you a free quote for coverage that will ensure you are following the law and also staying within budget. Be sure to reach out to us here at General Insurance Agency today to get started.

How to Choose the Right Coverage for Your Business

Finding the right insurance coverage for your business in Clovis, NM can depend on a number of different factors, including your industry, how many employees you have and risks associated with your business. An agent at General Insurance Agency can help you find the right coverage for your business, but there are a few things you should know.

You will want to start with business liability coverage. General liability coverage will cover a number of different things that could affect your business. Coverage includes bodily injury and property damage that is caused by your company. It also includes if your company is sued due to copyright infringement or other defamation lawsuits.

If your business has employees, some type of workers’ compensation insurance can be necessary, even if your employees are not doing physical labor. Those that work at desk jobs can suffer injuries to their wrists that still need to be covered. No matter what type of work your employees do, workers’ compensation can be beneficial for the company.

Thinking of additional risks you have can help determine what additional coverage is needed, and you will want to review on an annual basis. Ask questions about your business’ day-to-day operations; is there expensive equipment that is handled? You know your business better than anyone, so make sure to discuss any risks with an agent. If a business has a lot of company cars, commercial auto insurance should be considered. General liability insurance does not protect against fault to properly render services, so for service-based professional firms like lawyers, accountants, and consultants, professional liability insurance may be necessary.

As your business grows, you may need additional coverage to stay protected. Contact an agent at General Insurance Agency serving Clovis, NM for a quote on business insurance.