Month: March 2018

3 Tips to Buying Boat Insurance

Posted on by AgentInsure

There’s nothing like owning your own boat for fun and relaxation. At the same time, boat ownership comes with its share of responsibilities. Getting the right insurance coverage is one of those responsibilities. The following tips from Integra Insurance Services in Huntington, TX can help in choosing the insurance coverage you need.

Work with a Trustworthy Insurer

Although you can obtain boat insurance as an “add-on” to your home insurance policy, it could limit the coverage you receive. Purchasing a policy from an experienced boat insurance agent gives you greater flexibility to choose the coverage you need. You’ll also get better service from an insurer that’s knowledgeable about boats when you need to make a claim.

Know Your Policy

Boat insurance gives you a choice of two kinds of policies to protect your investment: agreed value and actual cash value.

An agreed value policy is more expensive initially but has greater returns when making a claim as it covers the value as stated in the policy. If your policy has an agreed value of $75,000, that’s the amount you’ll receive if your boat suffers a total loss. This policy also enables you to replace damaged equipment with new equipment without deducting the cost of depreciation.

Actual cash value policies cost less but you only get the actual cash value of the boat or damaged equipment at the time of loss minus depreciation. If you own an expensive boat, you could lose out with this policy due to receiving a fraction of what your boat is really worth in the event of total loss.

Tailor Coverage to Suit Your Needs

Boat insurance isn’t one size fits all. You need to tailor your coverage to suit your needs. Working with insurance specialists from Integra Insurance Services gives you greater flexibility to get the protection you seek. Contact our Huntington, TX office for all your boat insurance needs.

Do we need a business automobile insurance policy if we rent instead of owning company cars?

Posted on by AgentInsure

Most people don’t realize that there are, in fact, many differences between commercial automobile insurance and personal automobile insurance. They often find out when it is too late that they were depending on a personal insurance policy to protect them when the circumstances fell outside the range of what would be covered, leaving them to pay the full bill. The agents at Integra Insurance Services work to help their commercial insurance customers in Huntington, TX protect their businesses by making sure they understand the kind of protection they need for their situations.

The first most important thing to understand is that a personal insurance policy or a business owners policy (BOP) will not provide coverage for automobiles used primarily in a business. Those kinds of coverage must specifically be provided by auto insurance policies.

The Business Auto Coverage Form (BACF) is the most commonly used contract that businesses use to provide coverage for their automobiles. This means cars, trucks, vans and any other kind of conveyance the business needs to use. The policy will need to list all of the vehicles which are intended to be covered under the policy, or the people who will need to be covered if they are driving while conducting business.

When you are choosing the coverage that best suits your needs, you will have to decide what should be covered. Do you want to cover only the automobiles the company owns, hires or leases? Or do you also want to cover other automobiles that your business uses also, such as when an employee runs an errand with a personal car? The second option provides wider protection for your business. The more coverage, the better protection.

If you have a business in Huntington, TX, call Integra Insurance Services to find the best commercial auto insurance for your company.