What is Dealer’s Open Lot Insurance? Feb14

What is Dealer’s Open Lot Insurance?...

Dealers open lot insurance, also known by the name auto physical damage coverage, is a type of insurance that provides coverage in case of physical damage for auto lot dealers. In other words, when you have cars parked on your lot to sell, there is always the chance that those cars could be physically damaged in some way. So, how do you cover your cars and your lot? You purchase dealers open lot insurance through the Boardwalk Insurance Group. If you aren’t sure exactly what that covers, read on below to find out more. What is Usually Covered? While the amount of coverage may depend on the area you live in and the insurance company you choose to buy the insurance through, below you can find a few of the things that are usually covered. This is usually split into two parts, so the amount of coverage is up to you as the dealership. Collision coverage is said to pay for the car being overturned or if it has collided with another object. Losses that can occur other than collision are different from policy to policy in most cases. It’s best to consult the insurance company about the specifics. The coverage of fire and theft will cover a car that is covered or equipment that is covered if it is stolen, struck by lightning or destroyed in an explosion. False pretense coverage covers things that happen to the cars under false pretense. The best way to determine the type of dealer’s lot insurance that is right for your dealership is to get in contact with an insurance company such as Boardwalk Insurance Group. They will explain your options and answer all of the questions that you may still have after looking through the policies....

Three Coverage Options Offered By Insurance Companies In Wichita KS That Every Business Owner Should Have Feb12

Three Coverage Options Offered By Insurance Companies In Wichita KS That Every Business Owner Should Have...

It is impossible for a business owner to plan for everything that may occur during the day to day operations of an organization, but there are a variety of insurance policies that will provide peace of mind and keep a company protected from financial devastation and the fall out resulting from litigation. Most entrepreneurs are surprised to see how affordable quality coverage is, and the many benefits associated. Here is a quick look at three types of policies every business owner should have. General Liability Insurance Companies that rely on a brick and mortar presence that is accessible to the general public are at risk for litigation if an individual becomes injured while on company property or while using their products. Rather than bearing the financial stress associated with an incident, consider purchasing a general liability policy. Liability policies are designed to offer protection by paying for the cost of any lawsuits or judgments that may arise, preventing financial devastation in the event of a tragedy. Workers’ Compensation Insurance When an employee sustains an injury on the job, their employer is responsible for the cost of any treatment they may require, as well as for any wages they may lose as a result. Something as small as a broken bone may end up creating thousands of dollars in medical expenses, not to mention the employee’s ability to sue for any mental or physical anguish they may have suffered. Workers’ compensation insurance covers the cost of medical bills, lost wages, and any judgments that may result. Vehicle Fleet Coverage For some companies, the vehicles they use for their day to day operations are the heart of the organization. The problem is that the cost of commercial vehicle insurance is often astronomical, leaving a company with...

Three Ways To Save Money On Auto Insurance In Austin TX Dec19

Three Ways To Save Money On Auto Insurance In Austin TX...

Individuals often complain about the high cost of insurance for their vehicles. While this type of insurance can be expensive, there are various ways that individuals can save money when purchasing their auto policies. Read the information below to learn three ways that car owners can save money when purchasing Auto Insurance in Austin TX. Raise Deductible Amounts Individuals who have collision or comprehensive insurance and then file a claim have a set amount they have to spend upfront before the insurance pays. This set amount is known as a deductible and individuals who have a higher deductible amount will pay lower premiums each month. Individuals who have an emergency fund set aside might want to consider raising their deductible amount if they can afford to, so they’ll have a lower insurance bill to pay. Individuals can speak with an auto insurance agent to find out the difference in their premium amount when they opt for a higher deductible. Install Car Safety Features It’s also possible for individuals to save money on their vehicle insurance when they install various safety features. A car alarm can keep thieves from stealing the vehicle, and car owners who have an alarm installed will be eligible for safety discounts. Other car features that can save individuals money include anti-lock brakes, air bags, and automatic seat belts. Individuals should tell their insurance agent about any type of safety feature that’s on their vehicle. Bundle Insurance Policies Car owners who have more than one vehicle can save money if they have both vehicles insured by the same insurance company. This is known as a multiple vehicle discounts and individuals who own only one vehicle can also save money by bundling other types of insurance. Individuals who have a homeowners or...

Decrease Your Risk with Horse Event Insurance Oct23

Decrease Your Risk with Horse Event Insurance...

While horse event insurance coverage may not be high on your list of priorities, it does provide you with a safety net if something does go wrong. Chances are that your event will go smoothly, but if it doesn’t and you didn’t purchase horse event insurance, the costs to you and your business can be catastrophic. What Could Happen You own and operate a stable where you train horses and teach riding. It is time for your students to show off their equestrian skills and you have spent countless hours and much of your hard-earned cash in putting the show together. People have already started showing up and it looks like you’re going to have a great turnout. Everything came together extremely well, but when one of your hands somehow falls out of a loft everything goes downhill. A couple of the horses get spooked and another horse bucks off the child that was riding him. The little girl ends up with bruises and a broken arm. Of course, since we live in a litigious age, her parents sue you. Without special horse event insurance, the liability costs could very well ruin your business. Horse Event Insurance Can Make a Dramatic Difference Being covered under horse event insurance will not only protect you in case of an accident, but will also allow you to relax and concentrate on showing off your business in the best possible light. Of course, you will make sure that you have covered every possible contingency in order to keep your employees and your guests as safe as you can. There are a number of insurance companies that offer horse event insurance, but Harbin Equine and Farm Agency pride themselves on writing policies that cover your unique needs. Do not...

How an Insurance Service in Magnolia Can Help Locals Prepare for the Unexpected Jun14

How an Insurance Service in Magnolia Can Help Locals Prepare for the Unexpected...

When everything is going well, life can start to seem routine and predictable. While it might be pleasant to contemplate days, months, or years full of generally positive events and little else, unexpected developments have a way of interfering. Whether because of a simple car accident or a storm that damages a home, some people in the area find themselves wishing that they had done a better job of preparing for such unpleasant surprises. Working with the right Insurance Service in Magnolia often turns out to be all that it takes to do so while keeping to a budget of any kind. As a look at a site like Insurancediscountersoftx.com will make clear, the right insurance agency can offer a lot more than many would expect. Some people in the area think of insurance as a simple obligation that ought to be satisfied with as little effort as possible. Whether that means accepting the first policy that meets a mortgage lender’s criteria or signing up for a state-mandated minimum of automotive liability coverage, this approach to the subject can turn out to be shortsighted. A highly capable Insurance Service in Magnolia will often be able to reveal better, more suitable options. By providing access to insurance products offered by a number of different providers, an agency like this will inevitably give clients a far more comprehensive and accurate view of their options than would be obtainable by other means. As a result, it will often become possible to arrange for more generous and suitable coverage while saving money in the process. Even better, achieving such results will tend to take no more time or effort than might doing the bare minimum. Because insurance agents do all the necessary work on behalf of their clients,...

Getting Through a Total Loss Auto Insurance in South Austin TX Claim with the Least Amount Lost and the Most Money Saved Nov10

Getting Through a Total Loss Auto Insurance in South Austin TX Claim with the Least Amount Lost and the Most...

A total loss claim is a major calamity, but an Auto Insurance in South Austin TX company understands it when it happens. A total loss is usually relevant for older vehicles where the actual value of the vehicle is comparably lower. But, it can absolutely occur with a vehicle that is only a year or two old. Flooding from seawater will cause a vehicle to be totaled if it is only a day old. What can the insured do to lose the least amount in what is conceived as a total loss? Firstly, the Auto Insurance in South Austin TX company can only do so much. They will cover the costs of the vehicle’s value. They will not cover the entire loan. A gap insurance feature will cover the remaining balance of a loan if it is present. This will clear a loan. The insurance company will do one of two things. They will write a check for the value of the vehicle after an inspection on it’s condition. The check will be written to either the insured or the finance company. It will depend on the total loan value. If a driver is upside down, it is almost certain the check will go to the bank. The insured can request the check be written to them, and they can do what they please with the funds. But, the loan amount is still owed. To lose the least, it may be recommended to allow the full funds to go towards the loan. Having hanging debt could be counter-intuitive, and it may be best to just allow the financier to have it for the loan as opposed to taking it for other purposes. Obviously, a new car is probably needed. A great way to approach...

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