insurance

Should You Get Boat Insurance For A Jet Ski?

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Jet skis are not typically required to have insurance in Austin, TX. However, some marinas may require liability insurance. Even if it’s not mandatory, considering boat insurance is a smart decision. These policies offer several benefits that can protect you and your watercraft.

Damages While Parked

Homeowner’s insurance policies often provide limited coverage for items on your property, especially if those items are eligible for separate insurance policies, such as cars, boats, and other watercraft. This means your homeowner’s policy may not offer sufficient coverage for damages or theft involving your jet ski. Boat insurance can fill this gap and provide the protection you need.

Liability Protection

Many jet ski owners opt for liability protection, which covers property damage and medical expenses if you’re responsible for an accident. Without liability coverage, you would need to pay out of pocket for damages or face potential lawsuits. Not having coverage puts all your assets at risk.

Additional Coverage

Boat insurance can also include additional coverage for theft, damage caused by natural disasters, and wreckage cleanup after an accident. Many policies offer optional add-ons, such as fuel delivery services, to ensure you don’t get stranded on the water.

Medical payments coverage is another valuable option, as it can cover your medical bills or those of a passenger injured in an accident, even if the accident is your fault. Without this coverage, passengers may sue you for medical expenses or lost wages.

Coverage options vary among insurance providers. An agent at Southwest Insurance Center can help you explore your options and find the right policy for your needs.

Financial Security

Obtaining boat insurance ensures you won’t have to sell your assets to cover property damage or medical costs. Instead, you can simply file a claim and let your insurance handle the expenses.

At Southwest Insurance Center, we understand the importance of having proper coverage. Our agents are here to help you find a policy that meets your needs. Contact us today to get started. We proudly serve the Austin, TX, area.

Why Would An Auto Insurer Deny You Auto Insurance Coverage?

Posted on by agentinsure

Shopping for auto insurance is usually a straightforward process, but there are times when things don’t go as planned. One of the more frustrating situations a driver can face is being denied coverage. At Southwest Insurance Center in Austin, TX, we understand how confusing and upsetting this can be, especially if you’re unsure why it happened. Here are some common reasons for auto insurance denials.

A Risky Driving Record

One of the most common reasons for a denial is a driving history that raises too many concerns. If your record includes multiple accidents, speeding tickets, or a DUI, an insurer may decide you’re too much of a risk to insure. While it’s not personal, insurers rely heavily on your past behavior behind the wheel to predict how likely you are to file a claim in the future.

Lapses in Coverage

Another factor that can lead to a denial is having gaps in your auto insurance history. If you’ve gone without coverage for a period of time, even if you weren’t driving, some insurers may view this as a red flag. Continuous coverage demonstrates responsibility, and without it, your application may be seen as higher risk.

Incorrect or Missing Information

Sometimes, a denial is the result of a simple mistake on the application. If you accidentally leave out important details or provide inaccurate information, even unintentionally, the insurer may reject your request. Being honest and thorough when filling out your application is essential.

If you’ve been denied coverage or want to ensure you’re in good standing, the team at Southwest Insurance Center in Austin, TX is here to help. We’ll work with you to explore your options and get you back on the road with confidence. Contact us today to learn more.

Should I Get Term or Whole Life Insurance and Why?

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Life insurance is designed to provide your family with a financial benefit to help them survive the loss of your income when you pass. You can get one of two types known as whole and term, depending on your needs. At Southwest Insurance Center in Austin TX, we’re here to help you understand the meanings behind these descriptions and how they work. Here’s a look at the differences between the major types of life insurance policies.

A Brief Look at Whole and Term Life Insurance

Both types benefit the people named in the policy, but each have different active time periods. That is, a term policy can last 20 years, while a whole life policy is active for the length of your life. When a term life insurance policy expires, there is no financial benefit. A whole life policy expires upon your passing and pays out its value to your beneficiaries. 

Why do Term and Whole Policies exist?

Everyone has a different reason for needing life insurance. Someone with a young family and is in the early stages of their career is best served by a term life policy as a hedge against calamity. Whole life works for someone who wants to benefit their family and diversify their investment strategy. The type of policy you buy depends on your needs. 

Getting Help With Making a Decision for Your Life Insurance Policy

At Southwest Insurance Center in Austin TX, we know how confusing getting a life insurance policy can get. That’s why we’re here to help you learn more about the different types, how they work, and which one makes the most sense for you. Call us today to speak to one of our agents to learn more about what’s involved with getting a life insurance policy. 

Why Do Small Business Owners Need Commercial Insurance?

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Commercial Insurance for Small Businesses

For small business owners in Texas, having the right insurance coverage is essential. While some types of small businesses may not require coverage, many others can benefit significantly from commercial insurance. If you have questions about commercial insurance for your small business, contact Southwest Insurance Center in Austin, TX, for the latest information and guidance.

Benefits of Commercial Insurance

Property and liability coverage are two critical areas to consider as a small business owner. When you speak with one of our agents, we can help you determine the best coverage options for your business. The primary goal of commercial insurance is to protect your assets, which can be financially impacted in the event of property damage or liability claims, such as lawsuits stemming from bodily harm.

If your business involves direct interaction with customers, whether at their residence or your place of business, commercial insurance can protect you from claims related to accidents, such as a customer slipping and falling and sustaining an injury.

Commercial insurance also covers unexpected events involving your property, such as damage to equipment used for your business in the event of a disaster like a fire. Additionally, it provides protection in cases of theft of business assets.

While Texas does not mandate private business owners to carry workers’ compensation insurance, it is highly recommended. Without it, you may be held liable if an employee is injured on the job.

In today’s digital age, cybersecurity is a growing concern for businesses. If cybercriminals compromise your small business accounts, consider adding cyber insurance to your policy for added protection.

Contact Our Agents

At Southwest Insurance Center, we are dedicated to helping Austin, TX, commercial businesses find the right type and amount of insurance coverage to ensure proper protection and safe operations. Contact us today by phone, email, or through our online form to request a quote.