What is business interruption insurance?

Commercial insurance is a broad category that covers all the different types of insurance that a business might need. The choices can be complex and confusing. This is why it is best to work with an agent at Southwest Insurance Center serving Austin, TX and the surrounding communities. Your agent will analyze the risks for your business, discuss the different types of commercial insurance coverage available, and help you decide what coverage is the best solution for your needs.

Business Interruption Insurance

Most businesses live or die based on cash flow. There may be some money put aside for emergencies along with adequate insurance for property damage and the legal requirements of insurance coverage for workers. However, even with these things in place, there is a risk that business owners need to think about in a serious way. What happens if the business cannot operate for an extended period? How can a business continue to pay its bills, when there is no cash flow coming in?

This is what business interruption insurance is for. Consider an example of a business in an area hit by a major natural disaster. Even if the commercial property is intact, with minimal damage, there may not be electricity for an extended period. The roads may not be passable. Residents may not return quickly. Tourism may stop. How long can a business last under these conditions?

Save the Business from Failure

Some bills continue, even if a business completely stops operating. That is the calculation that needs to be made. Use an adequate estimate of the worst-case scenario of how long a business may be prevented from operating to see what level of business interruption insurance is appropriate that will cover the needs.

Contact your agent at Southwest Insurance Center in Austin, TX, to get a comprehensive commercial insurance review including considerations for business interruption insurance and to get recommendations for adequate coverage.

Home Insurance Protects You Even When You are Away

It’s vacation season and many people are busy planning trips to explore new places and spend quality time with their friends and family.  When you’re packing up, you might ask a neighbor to pick up the mail or water the plants but did you know that home insurance delivers quality protection even when you aren’t home?   

While you are out, your policy while continues to protect your home and your belongings.  Adding additional safety features, such as monitored alarm systems, can reduce your insurance payments.  For homeowners in the Austin, TX area, its’ important to ask your agent at Southwest Insurance Center if there are certain incentives available for security systems.  When you are away, security features will give you peace of mind, as well as, potentially save you money. When you know that you have reasonably utilized all available resources, you’ll be able to enjoy your travels and not worry about your home and belongings.  

Homeowners policies cover your personal belongings.  This includes personal property such as clothing, furniture, jewelry and electronic equipment.  If you have large valuable collections, such as furs, firearms, or artwork, you need to discuss this with your agent to ensure that you are adequately covered.  The interesting feature of your policy is that your items will be covered when you are away.  So, if your laptop is stolen from the local coffee shop, your homeowner policy will cover it.    

Home insurance policies cover such a broad range of topics, it’s wise to consult with the knowledgeable agents at Southwest Insurance Center.  They help residents in the Austin, TX area understand the available options and get the best coverage for their needs.  Good home insurance protects you and your property everyday even when you are away.

3 Reasons You Need Auto Insurance Today

Purchasing an auto insurance policy is a vital element of being a licensed motorist. For residents of Austin, TX, The following is an overview of three reasons you need auto insurance today.

It’s the Law

First off, one of the top reasons you need auto insurance is because it’s the law. No matter how good of a driver you may be, the law requires that every driver and vehicle has coverage. Purchase your policy today to ensure you are covered even if you get pulled over by authorities.

Accidents Happen

Additionally, accidents do happen. Although many of us hope we never have any serious incidents while behind the wheel, these things are often out of our control. Purchase an auto insurance policy to avoid potentially costly accidents, which, without coverage, could cost you hundreds, thousands, or even millions of dollars. 

Natural Disasters

Lastly, given that the Austin, TX area is no stranger to natural disasters, purchasing a premium auto insurance policy can help protect you and your car. By purchasing sufficient coverage, you and your vehicle will be covered even if a worst case scenario occurs that is totally out of your control. 

Overall, for responsible residents of Austin, Texas, Southwest Insurance Center is an excellent place to purchase auto insurance coverage. Offering friendly customer service from a wide variety of well-trained professionals, call, stop by, or email today to find out how you can start your auto policy ASAP and maybe even save yourself some money. If you are driving without insurance, you are putting you and your loved ones at risk each and every time you get behind the wheel. Don’t take this risk. Contact your friends at Southwest Insurance center today!.

My Friend Was Riding My Bike When the Accident happened. Will My Motorcycle Insurance Cover This?

Your family and friends will always be excited when they learn that you have purchased a new motorcycle. They will probably inquire a lot of things about your new ride, but one inevitable question that will always come up will be; "can I go for a ride?" If we are talking about a car, you might not hesitate to throw your car keys to your friends and tell them to enjoy their ride, but if it’s a motorcycle, you need to pause and think before you agree to their request.

The two fundamental questions that you need to ask yourself when your friend borrows your motorcycle are; does my friend have motorcycle insurance? And how does your motorcycle insurance policy from Southwest Insurance Center in Austin, TX cover other riders?

Does Your Motorcycle Insurance Cover Your Friend?

Typically, your motorcycle insurance policy may help to meet the cost of repairs, property damage, and medical expenses if you lend your motorbike to your friend and he/she wrecks it. However, whatever that is covered will largely depend on the type of coverage that you have on your policy. If your friend has a motorcycle insurance policy, then it might come in to cover other costs resulting from the accident.

What Happens After the Crash?

Motorists in all states are required to carry liability coverage. Therefore, if your friend injures another person or damages some else’s property while riding your motorbike, it’s your liability coverage that will cater for the resulting loss. However, your liability coverage in Austin, TX won’t cater for your friend’s medical expenses if he/she is the one who was at fault. The collision coverage might help to repair your motorcycle if your friend crashes it while the medical payments coverage will only come in if your friend wasn’t at fault. You should also keep in mind that every coverage has a limit.

Contact Southwest Insurance Center today for your motorcycle insurance policy.

Is Boat Insurance Right For You?

Our friends in Austin, TX love to spend their hotter days out on the water. Texans love their recreational toys, from boats to jetskis and all vessels in-between. At Southwest Insurance Center, we want to protect your favorite watercraft all year-round. You may be surprised by the wide range of vessels that can be covered by a boat insurance policy!

Different Kinds of Boat Insurance


All sorts of boats can be insured with a boat insurance policy. If you’re a boating enthusiast you’re probably already familiar with the astounding amount of different models out on the water today. Just a small sample of insurable boat types include:

  • Walk-Arounds, Cuddy Cabin, Center Consoles, and Bow Riders – Typically used for fishing and recreation with seating for passengers, with or without a cabin in the bow. 
  • Ski Boats – High horsepower, flat bottom boats designed to tow skiers and other high-speed sports.
  • Pontoon Boats – Also known as "party boats", these feature wide, flat platforms floated on pontoons.
  • Sailboats – Used in professional sports, fishing, or recreation. The main source of propulsion comes from the sail with or without the help of a motor.

Personal Watercraft

Yes, even your favorite personal watercraft (or PWC) can be covered with boat insurance. At its most basic, a personal watercraft is a jet-propelled marine recreation vehicle that features handlebars and a saddle for one to three passengers. However, there are plenty more types of PWC that could be covered by boat/marine insurance!

A Necessity

Your homeowner’s insurance policy may cover some limited boat damage, but it typically won’t cover you for liability. Only a real boat insurance policy could cover your vessel for damages caused by you or injuries you sustain in an accident. 

If you’re boating around Austin, TX allow Southwest Insurance Center to find the perfect policy to protect your favorite watercraft today!

Can You Have Multiple Life Insurance Policies?

One of the questions that we at Southwest Insurance Center, serving the greater Austin, TX area are asked is whether someone can have multiple life insurance out on their life. Here is what you should know about this topic. 

Can You Have Multiple Life Insurance Policies?

Yes, you are able to have multiple life insurance policies out for the same person. And in fact, many people have multiple policies, so it is not as uncommon or rare as it may sound. 

Why Would You Want Multiple Life Insurance Policies?

There are a few reasons why someone may have or want multiple life insurance policies.

First, they may have one policy offered by an employer and want a second policy that offers more coverage than the free or discounted one that their employer provides. 

Second, they may be locked into a policy with a great rate. If they try to increase their policy due to changes in their life, they may lose that rate. In these cases, taking out a second policy may be cheaper than changing the first policy. 

Third, some parties may wish to have a policy that covers their children with their ex-husband and wife, and a separate policy for their new spouse and children. In this case, having two different insurance policies with different beneficiaries can help prevent fighting among the separate families and make it clear who gets what policy. 

Are you in need of a new life insurance policy? If so, contact Southwest Insurance Center, serving the greater Austin, TX area. We can help you find the right insurance policies for your needs. 

5 Commercial Insurance Myths

Commercial Insurance is tailored to cushion your business financially against risks such as legal suits and natural hazards. However, there are several myths associated with the policy. Here are some of them; 

1. A really small business does not need to have an insurance cover

Small businesses are not immune losses emerging from liabilities, downtimes, equipment theft, and natural disasters. Small businesses are also susceptible to lawsuits that could adversely affect the profitability. 

2. The landlord has an insurance cover, so I do not need one

While the landlord could have an insurance cover for the premises, this does not cover the building’s contents. You need to apply for an insurance cover on your equipment, inventory, and any improvements you have made to your rented space.

3. My business is home-based and therefore covered under my home insurance

Running your business from home does not mean that your home insurance automatically covers the business. Should you have a home office or business equipment in your residence, you should consult commercial insurer such as Southwest Insurance Center know so that they provide a cover for such as well.

4. My insurance policy covers me against any loss

Under the commercial insurance policy, only business-related assets and equipment are covered. 

5. I do not need a commercial vehicle cover as I drive my personal vehicle

If you use your personal car to carry out business related activities such as ferrying work equipment, driving your clients or going to meet with them, this is considered a commercial activity. Have your insurer amend your current policy to cover such business operations.

Need to learn more about commercial insurance?  At the Southwest Insurance Center we write commercial insurance in Austin, TX. We work with qualified agents who will advise you on the ideal coverage options for your business. You can also get a free estimate of your policy on our website. 

Does RV Insurance Cover Fire Damage?

No one plans for their RV catching fire. However, this is something that can occur. An RV can catch fire if it is involved in a car accident if it gets caught in a forest fire, if embers from a nearby fire ignite the RV or if a fire breaks out in the kitchen of the RV. If you have RV insurance, you may know that certain things are covered by RV insurance and other things are not. At Southwest Insurance Center, serving the greater Austin, TX area, we believe it is important that every RV owner know what is and what is not covered by their insurance policy. Here is what you need to know about fire damage. 

The type of RV coverage you have, and the reason for the fire, determine whether your insurance policy covers fire damage. If the fire was caused by an accident, the fire would be covered if you have collision insurance on your RV. If the fire were caused by vandalism or cooking in your RV, comprehensive RV insurance would cover the fire damage. As such, in order for all forms of fire damage to be covered, you will want to make sure you carry full coverage RV insurance, including collision and comprehensive coverage to fully protect your RV. 

If you are wondering if your RV insurance policy covers fire damage, bring it to Southwest Insurance Center, serving the greater Austin, TX area. We would be happy to read over your current RV insurance policy with you and discuss what is and is not covered. If needed, we can help you find a new RV insurance policy that helps to fully cover and protect your RV. 

Traveling With Dogs? RV Insurance May Be Necessary

Traveling with your pets in Austin, TX is a lot more fun if you have an RV. However, your RV may be damaged by your pet or your cat or dog buddy may suffer from an injury while driving. If you and your pets travel regularly in your RV, contact us at Southwest Insurance Center to get the coverage you need to protect them.

Pet Coverage Was Once An Impossibility

In the past, most RV insurance policies did not cover pets. That’s because they didn’t consider them an important part of the RV. However, a large number of people have demanded an increase in this type of coverage. As a result, many companies have been forced to start offering pet coverage.

Some Policies Now Cover Pet Injuries

The high demand for policy expansion has caused many RV insurance providers to add coverage for pets. These policies usually cover injuries caused to your pets while on the road. In most cases, pet injury coverage does not require a deductible. This makes is a great addition for people who love traveling with their best cat or dog friends.

Pet Damage May Not Be Covered

One problem you might note when buying this type of policy is a lack of pet damage coverage. That’s because pet damage is often considered a problem that you caused, rather than one that occurred independently of you. Even if you didn’t mean for damage to occur or had no malice, many policies don’t pay for damage caused by pets or even other types of animal invasions, such as rats.

Don’t Neglect Your RV Pet Needs

So if you plan on traveling around the Austin, TX in an RV with pets, please contact us at Southwest Insurance Center today. We will work hard to find a coverage type that works for you and will provide a high-quality and comprehensive insurance that fits your needs.

What Is Dwelling Fire Insurance?

A regular homeowner’s policy in Austin, TX will typically cover everything except those things that are listed as exclusions. A dwelling fire policy, however, will cover specifically-named perils. Because of this, if there are certain assets that you want to make sure are covered by insurance, then a dwelling fire insurance policy may make for the best choice. For now, let’s take a closer look at what a dwelling fire insurance policy is. 

What is Dwelling Insurance?

Dwelling insurance is sometimes called "dwelling coverage." It can be part of homeowner’s insurance policy and may aid in paying for the repair and rebuilding of your home if certain damages occur that are related to weather damage, vandalism, or explosions. This policy is namely for landlords who rent out properties and have no need to put insurance on any of the contents of the home.

Know the Difference

  • Homeowner’s Insurance: Offers coverage on the structure, contents, and the property of a home. It offers protection from fire and helps pay bills related to the repair, rebuilding, and replacement of the home.

  • Dwelling Fire Insurance: These policies are popular for rental properties. If you rent a property to tenants, it is vital to have dwelling fire insurance.

What It Covers?

Fire is not the only type of claim that dwelling fire policies cover. This is why it is a popular option for secondary residence and rental properties. A few things covered under dwelling fire insurance may include;

  • The Dwelling: Including cabinets, flooring, countertops, roof, walls, exterior porches, light fixtures, and built-in appliances.
  • Other Structures: Storage sheds, detached garages, and fences.
  • Fair Rental Value: Your policy will reimburse the homeowner for the loss of rental income when the property has been damaged and the rental unit is uninhabitable.

Contact Us Today

If you would like to learn more about dwelling fire insurance, please contact the Southwest Insurance Center serving the Austin, TX area.