Month: October 2018

What Is Specialty Property, And Why Do I Need To Insure It?

Posted on by AgentInsure

Most people know they need to insure their Huntington, TX home and property with homeowners insurance, cover their vehicles and recreational vehicles with car insurance, and maybe even know the importance of umbrella insurance. But, “specialty insurance” isn’t something most people are aware of. So, what is specialty property insurance, and why do you need it? 

Specialty Insurance 

To put it simply, specialty insurance is what it sounds like: a specific insurance purchased to cover items that are irreplaceable, unique, or special. Specialty insurance covers items or situations that aren’t generally covered with a typical insurance policy. 

What Types of Specialty Insurance Coverage Are Available? 

There are a variety of different types of specialty insurance that go above and beyond your basic coverage. For instance, flood insurance for your car or home. Other specialty insurance policies cover expensive, high-value homes or rentals, watercraft, recreational vehicles, motorcycles, ATVs, and more. Ask your Integra Insurance Services agent about information on the following specialty property insurance needs. 

  • Rare or One-Of-A-Kind Items. Losing a unique item to theft, fire, or flood damage is rough, especially when you find out your insurance did not cover the loss from your home or vehicle. Do you own a classic car? Antiques? High-value art, sculptures, or a valuable coin collection? Specialty insurance can help safeguard you in the case of a loss.  
  • Wedding Insurance.  How do you protect yourself in the event you have to cancel or postpone your wedding? What would happen if a guest is injured during the event due to drinking, or causes damage to the wedding venue? Wedding insurance has you covered.  
  • Travel Insurance. There are a million things that can go wrong on your dream vacation, from lost luggage to lost family jewels to emergency issues. Travel insurance is a specialty insurance that can ensure you get that needed root canal in Paris or get your broken arm fixed in Italy. It can also cover cancellations, weather delays, and even legal costs. Travel includes risks that specialty insurance can cover, such as winter sports injuries, pre-existing medical conditions, and even kidnap and ransom!

Who will require me to have commercial insurance

Posted on by AgentInsure

If you own or manage a business, there are many very important business decisions that you have to make on a daily basis. One decision that is very important is when you decide on what type of commercial insurance to get. When you are looking for your next insurance policy, it is important to consider what your requirements are. You could be required to carry commercial insurance with a variety of different organizations. 

Lender

In many situations, a business may have to take out a business loan in order to fund working capital, inventory or purchase certain equipment. In almost all situations, the lenders will require that you carry commercial insurance on your business to ensure that you are properly protected. Some types of coverage they will want you to have will include liability, workers compensation, and even property coverage.

Customers

Depending on the type of work that you do, your customers may also require that you have commercial insurance in place. Whenever you are doing work for a customer, especially if you are a contractor doing work on a customer’s home, a client will want to make sure that you are properly protected in the event in an accident takes place. In many situations, the customers may require that you provide them with a copy of your insurance before you start any work. This coverage will also ensure that you are protected in the event you are sued due to negligence.

If you are looking for commercial insurance in the Huntington, TX area, you should contact Integra Insurance Services. The Integra Insurance Services organization excels at helping Huntington, TX area businesses better understand their insurance needs. They can then also help you get into a great policy that ensures you stay in compliance with all requirements.