New Mexico home owners should pay attention to their insurance coverage to ensure that they understand what it covers and in what amounts. Owners who neglect to review their home insurance to look out for the important details may discover what is not covered or is not sufficiently covered only after their homes are damaged and they need financial assistance. This is not a good time to find out what the limitations of these policies are. It is much better assess your policy in advance so that you not only know what to expect but can supplement the policy where needed to avoid coverage gaps or insufficient limits.
While reviewing a home insurance policy carefully does not guarantee that you will be fully covered in every circumstance, there are some particular considerations that New Mexico homeowners should be aware of to increase their chances of having adequate coverage after an unexpected event. Many homeowner policies cover losses caused by fire, windstorms, hail, vehicles, theft and vandalism among other perils. However, they may not cover damages that result from other common hazards. Floods and earthquakes are perils that many homeowners experience in their lifetimes, but they are not covered by standard policies. If you are located in an area that has a history of earthquakes such as Albuquerque, Bernardo, or La Joya, you may want supplemental catastrophe insurance to protect you in case another earthquake occurs. If you live in an area of New Mexico that is prone to wildfires, or are considering moving there, reviewing the impact these fires can have on your policy and its rates is essential. We can connect you to an independent agent to make sure that you don’t overlook the things most relevant to your location.
As a business owner, keeping your organization’s doors open is one of the most important components to being successful. Yet, things happen beyond your control that force you to close your doors. When this happens, it may be possible for your insurance policy to provide some financial relief for you.
What Coverage Do You Have?
Depending on the type of commercial insurance you have, it may be possible to get some compensation for the lost revenue you are dealing with in such an event. Business interruption protection, if it is a part of your insurance policy, can help a business to minimize financial loss in a covered incident. Your policy will list what is specifically considered a covered incident. In some policies, this includes business interruption caused by fire or vandalism.
Loss of income like this can sometimes devastate a business. This is especially true when it lasts for a long time. Most policies will have limits on this type of coverage, including how much protection you have, when it kicks in, and how long it can last. Your agent or policy documents can provide specific information about the current policy you own.
Don’t Have Coverage?
Not all types of commercial insurance have this type of protection, though. If your policy does not and you are in the Ft. Worth, Texas area, it may be time to look for a new provider or policy that provides for all of your needs. Generally, this type of policy is available for most business types.
If you are in El Paso or the surrounding area of Texas, now is the perfect time to reach out to an independent agent to get a quote for coverage. You can protect your business and ensure that factors such as business interruption don’t hurt your company financially.
When you first buy an insurance policy there are always questions about what the policyholder can do with the insurance and what they cannot do. In order to know what is acceptable regarding the insurance policy in Ft. Worth Texas. Here are some of the things that you can expect regarding your home insurance.
The Things You Can Do With Your Insurance Policy
- One thing that you can do as the insured during the period of coverage is make changes to the policy. For instance if you think that you need to have higher limits, then simply request that a coverage increase take place.
- You can also change the way you pay for policy. Simply contact the insurance company and request a billing change.
- Add any item to your policy as an extra rider on your home policy. If you have any expensive personal belongings you can endorse it on the policy for an additional charge. Simply contact your agent to make the additions.
- If you find another home policy that is better or cheaper than what you have, then you can make the switch to the new company during the policy period. If there are any money that you have paid the insurance company, the money will be refunded to you in a prorated amount. In other words you pay for the days that you were insured by the company.
There are a lot of questions that you can have during the period of time you own the policy. As your independent agent we can help you with your questions. We can answer any of them that you can think of. Give us a call today and let us help you through all of your insurance needs.
It happens: a flat tire, blown radiator hose, or other spur-of-the-moment problem interrupts an otherwise perfect vacation. Ending up stranded on the side of the road is the last thing you want to face when you’re on a long-awaited RV vacation. So… are towing and roadside assistance available on RV insurance policies in Arlington, Texas?
The quick answer? Probably so, depending on your type of coverage. Motor homes may carry a different type of coverage than 5th wheels, pop-ups, and travel trailers. The best time to figure out whether or not towing and roadside assistance are available on your RVs is before you need to use it!
If you’re willing to pay a little extra on your premium each month, chances are good you can add both towing and roadside assistance to your existing policy. To find out for sure what options are available, your best bet is to talk to an independent agent about your options.
Sometimes your best bet is to bundle your home, auto, and RV insurance policies to maximize savings. Once you have roadside assistance, you’ll just be a phone call away from help, whether you’re five miles from home or on that deserted stretch of I-20 on the way to El Paso. Most of the time, roadside assistance policies will tow your vehicle to the nearest town or perform simple repairs like replacing a flat tire on the spot.
Make sure you read up on the details of your policy and exactly what is and isn’t covered on your roadside assistance before you sign on the line. Knowing what your options are before you end up stuck on the side of the road can save you big money–and a headache–later on. Happy travels!