How would a business benefit by having a commercial insurance plan in San Antonio?

If you are in the San Antonio, TX area, you will find that the strong economy and growing population can make it an ideal place to be a small business owner. When you want to start or grow a company here, getting the right insurance is necessary. A business here will receive various benefits by getting a commercial insurance plan. 

Receive Coverage for their Assets

One of the ways a business can benefit by having commercial coverage is by receiving protection for its assets. Companies today will inevitably need to purchase quality assets to protect their organization, and losing these items could be very bad for business. However, if you are adequately insured with commercial coverage, you will have the necessary support to replace or repair these assets if you incurred a loss in a covered situation. 

Mitigate Liability Risks

Businesses will also want this coverage as it can significantly mitigate their liability risks. Companies will take on liability risks daily, and a way to offset this concern is important. With a commercial insurance policy, you will obtain coverage that can give support if you are liable for any accident resulting in damages. 

People all over the San Antonio, TX area will need to ensure they get the proper protection for their businesses. When looking for commercial insurance in this part of Texas, it might be a good idea to work with the team at Access Insurance Services. Commercial insurance comes with its share of complexities, and getting support from someone experienced and that you can trust is helpful. Access Insurance Services will offer the guidance you need to build your next plan. 

How to Change Beneficiaries on Your Life Insurance

Sometimes people have falling outs with the ones they care about the most. Someone you could have called a wife or family member might do something unforgivable. This means it might be time to change the beneficiaries on your life insurance. 

The Importance of Keeping Beneficiary Designations up to Date

It’s not enough to keep your will up to date. The named beneficiaries on a retirement plan or insurance policy may supersede the instructions in your will. For the most part, you can review and update who you’ve designated as your beneficiary by contacting the company that provided your plan. You may likely be able to do this online. If you prefer a physical change on paper, most companies will also give you that option. 

Who Can Make the Change

For the most part, the policyholder is the only one who can decide who to name as beneficiary. If you assign someone as having power of attorney, they may be allowed to make this decision on your behalf. Once you die, the beneficiary designations are final. If you bought the policy after you married and lived in a community property state (Texas is one of them), you would need your spouse’s permission to name someone other than them as a beneficiary. Your spouse, however, cannot change the beneficiary. If anyone was named as an irrevocable beneficiary, you could not remove this person without their permission. 

Access Insurance Services, Serving San Antonio, TX

Getting insurance of any type need not be very difficult. Access Insurance Services of San Antonio, TX will provide you with multiple policy quotes at one time. This will save you time and money, and receive unmatched expertise to guide you through it.

The Best Driving Tips to Help You Avoid an Accident

At Access Insurance Services, serving the greater San Antonio, TX area, one of the insurance products we offer is car insurance. One of the questions that we are often asked is whether we have tips or suggestions that we think may help to minimize accidents. Here are a few of the best tips to help you avoid an accident. 

Always Ensure Your Car Is In Safe and Operable Condition

Anytime you hit the roads, ensure that your car is in safe and operable condition. If there is a crack in your windshield, that may prevent you from seeing the road. As such, you should replace your windshield. Having under-inflated or over-inflated tires increases your risk of a blowout. As such, you should always ensure your tires are properly inflated. 

Learn Safe Driving Techniques

Another tip that can help you to avoid an accident is to learn safe driving techniques. Safe driving techniques, or defensive driving techniques, have dramatically decreased your risk of being in an accident. Take a defensive driving course to learn safe driving techniques. 

Minimize Distractions While You Are Driving

Lastly, always minimize the number of distractions you face when you are driving. This includes avoiding using your cell phone, avoiding eating, and avoiding putting on make-up. Simply focus on the roads to help keep yourself safe. 

Unfortunately, you cannot prevent every auto accident from happening. As such, you need to ensure you have the right auto insurance policy to fully cover you in case you are involved in an accident. Here at Access Insurance Services, serving the greater San Antonio, TX area, we can help to ensure you have the right policy for your needs. Reach out to us today to get started. 

What is the 80% rule in homeowners insurance in San Antonio, TX?

Many of our clients at Access Insurance Services are surprised to learn that their homeowners’ insurance in San Antonio, TX is based on the 80% rule. In short, this rule stipulates that your insurance should cover at least 80% of the replacement cost of your home.

How to Determine the Replacement Cost of Your Home

The first step in determining whether or not you have adequate coverage is to calculate the replacement cost of your home. This can be done by contacting a local builder or real estate agent and asking them for an estimate. Once you have an estimate, add 10-20% to account for any unforeseen costs that may arise during rebuilding.

For example, let’s say your home is estimated to cost $200,000 to rebuild. In this case, you would want to carry insurance that covers at least $220,000 – $240,000 of damage.

If your current coverage falls short of this amount, you’ll need to consider increasing your coverage or finding a new insurer who can provide you with the coverage you need at a price you can afford.

The 80% rule is essential when purchasing homeowners insurance in San Antonio, TX. By ensuring that your policy covers at least 80% of the replacement cost of your home, you can protect yourself from being underinsured in the event of a disaster. If you’re unsure whether your current policy meets this standard, we recommend contacting a local builder or real estate agent for an estimate of your home’s replacement cost. Then, add 10-20% and compare it to the amount of coverage provided by your homeowner’s insurance policy. If you have questions, contact Access Insurance Services about increasing your coverage.

What You Need to Know About RV Insurance

If you have an RV, it’s crucial that an RV insurance policy should always cover it. This insurance covers you against a wide range of risks, and you should never go without it. These policies are also required by law so that funds will be available if you cause damage to someone else’s property or injure other people. If you don’t have the insurance you need, you could face fees, fines, and other penalties from the state. You can call us at Access Insurance Services in San Antonio, TX if you need RV insurance.

Your RV Policy

When you own an RV, a lot goes into the RV policy that you get. The class of RV that you have is a significant factor in your coverage. There are classes A, B, and C for RVs. Which category yours is in depends on its size as well as the design of the vehicle. Your RV policy also depends on the make and model of your RV, how many miles it has on it, and what is inside it. Many RVs have a lot of equipment and personal items on board, and you need to ensure coverage for those items. 

Liability Coverage and More

It’s important to have liability coverage to be in alignment with the law. You need liability coverage for bodily injury so that someone else’s medical bills can be paid for in case of an accident. You also need to have coverage for property damage liability. In addition, having collision insurance would cover the repairs for your RV if it has been in an accident. 

Cover Your RV

If you own an RV, you need this vital coverage. Call us at Access Insurance Services in San Antonio, TX.

What Does Motorcycle Insurance Cover?

Anyone who owns a bike won’t tire of singing praises of how exciting it is to ride on the open roads. However, amid the fun, riding a motorcycle comes with its fair share of risks. One small mistake can cost you thousands of dollars in terms of medical costs or damages. For this reason, motorcycle insurance is a must-have investment — you shouldn’t consider motorcycle insurance a luxury but a necessity. That said, you need to understand what bike insurance covers so you can insure your bike based on your needs. Here is what motorcycle insurance covers as prepared by Access Insurance Services.

  • Liability coverage: Texas requires that you carry minimum liability insurance to be on the road. Liability insurance covers property damage and bodily injury caused to others when you are at fault for an accident.
  • Collision insurance coverage: The policy comes into play when your bike collides with an object or another vehicle. The policy pays for the cost of replacement or repairs minus your deductible.
  • Comprehensive coverage:  Comprehensive insurance pays for the cost of repairs or replacement in the event of an incident rather than a collision, for example, fire, vandalism, or theft.
  • Underinsured or uninsured motorists: Some people will always break the law by riding without insurance. That’s why you need to cushion yourself from such people. The policy pays for the resulting damage if an uninsured or underinsured motorist collides with you.
  • Medical payments coverage: Medical coverage covers the medical bills for you as the rider during an accident, regardless of who is at fault.

Motorcycle insurance in San Antonio, TX

If you own a motorcycle and want to enjoy your ride with nothing to worry about, then motorcycle insurance is the way to go. For peace of mind, buy motorcycle insurance from Access Insurance Services in San Antonio, TX. Contact us today for an affordable quote.

Three types of life insurance you might be interested in carrying

Understanding the different types of life insurance and how they work before you choose a policy is essential. At Access Insurance Services, we can help you find a life insurance policy in San Antonio, TX.

The following are three types of life insurance you might be interested in carrying. It would help if you understood the differences between these policy types before selecting a policy for your needs.  

Term life insurance

Term life insurance is a temporary form of life insurance. These policies are typically offered over fixed periods such as one, five, or 10-year terms. 

While a term life insurance policy won’t accumulate value over time, it will offer the advantage of inexpensive premiums. Term life insurance comes along with some of the least expensive monthly premiums out there. 

Whole life insurance

Unlike term life insurance, whole life insurance is a form of permanent life insurance. This life insurance accumulates cash value over time and offers lifelong coverage.

Universal life insurance

Universal life insurance is a type of permanent life insurance, just like whole life insurance. However, universal life insurance offers the benefits of adjustable premiums and death benefit amounts. There are three types of universal life insurance: indexed universal, guaranteed universal, and variable universal life insurance. 

Every consumer’s situation is different. When choosing a policy, you should consider factors such as how much of a death benefit you need, how long you need coverage, and how much you can afford on monthly premiums.

Get in touch with Access Insurance Services for quotes on life insurance policies and the information you need to make the right choice regarding insurance coverage. We’re here for consumers in San Antonio, TX who are on the market for life insurance. 

Factors to consider when determining commercial insurance coverage

Your company needs an adequate amount of commercial insurance coverage to protect your assets. If you’re looking for the right commercial insurance provider, you should know that we offer insurance coverage to businesses in San Antonio, TX at Access Insurance Services.

One of the most important decisions you’ll make when you purchase commercial insurance is how much coverage to carry. The following are three factors to consider when determining how much commercial insurance coverage to carry. 

Legal requirements that you need to meet

If you are legally required to carry certain types of commercial insurance, such as workers’ compensation coverage, you must meet legal requirements with your coverage amounts. Workers’ compensation and commercial auto coverage are two types of coverage that are generally required by law. 

Make sure you research how much coverage you legally need to meet your company’s legal responsibilities with your commercial insurance policy. 

The total value of your company’s assets

Your company’s value is an essential factor in determining how much coverage you should carry. More valuable companies with more assets need to carry more commercial insurance coverage than smaller companies with fewer assets. That’s why you should evaluate your company to decide how much commercial insurance coverage to carry. 

The unique liability and property damage risks for your company

Suppose your company operates in an industry with common injuries and high liability risks. In that case, you need to ensure that you carry an adequate amount of commercial insurance for the risk. It would help if you also were sure to carry proper coverage of the dangers of natural disaster damage to your commercial property caused by your geographic location.  

Do you have questions about commercial insurance coverage in San Antonio, TX? Get in touch with us at Access Insurance Services to learn more about commercial insurance coverage options for your company. 

Is it always a good idea to have a home insurance plan?

Owning real estate in the San Antonio, TX area has continued to be a good investment. Having insurance is a good idea if you purchase your property in this state. There are various reasons why maintaining this coverage is a good option for any property owner. 

Protect Assets

A reason to have home insurance in this part of the state is to protect your assets. Owning a home is a considerable investment and an asset you want to ensure is protected. Further, you are bound to have various personal assets in your home. If you get a home insurance plan, it will give coverage for these assets. This can prove helpful if you experience various losses, including damages due to theft, fire, or vandalism. 

Comply with Obligations

Getting a home insurance policy is also a good idea as it will allow you to comply with various obligations. Most property owners will have taken out a mortgage when they purchase their home. If you buy a property using a mortgage, the lender will often require you to carry a home insurance plan and have your payments escrowed. With insurance, you will get the coverage needed to meet your lender’s requirements. 

If you want to be a property owner in the San Antonio, TX area, you will also want a proper home insurance policy. A lot of choices will come when selecting home insurance, and calling the team with Access Insurance Services can be helpful. The professionals with Access Insurance Services understand the importance of this coverage and can give the guidance you need to build the right plan.

What Are Some Common Auto Insurance Terms?

If you are in the market for auto insurance, you may be wondering what those terms mean. Don’t worry – we’re here to help! This blog post will define some of the most common auto insurance terms. Understanding these terms enables you to make more informed decisions about your car insurance policy. Let’s get started.

Bodily Injury Liability

This type of coverage pays for the other driver’s and passengers’ medical expenses in the event you’re at fault for an accident.

Property Damage Liability

This type of coverage pays for the damage you cause to another person’s property, such as their car or home.

Collision Coverage

This type of coverage pays for repairing or replacing your vehicle if damaged in an accident. This is essential coverage you need from a professional company such as Access Insurance Services in San Antonio, TX.

Comprehensive Coverage

This type of coverage pays for damage to your vehicle caused by something other than a collision, such as theft, vandalism, or weather damage.

Uninsured/Underinsured Motorist Coverage

This type of coverage protects you if you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.

Adjuster

An adjuster is a person who reviews the details of an insurance claim and decides how much the insurance company should pay.

Deductible

A deductible is the amount of money you’re responsible for paying in case of a claim. For example, if you have a $500 deductible and your car is damaged in an accident, you’ll be responsible for paying the first $500 of the repair bill.

Conclusion

Now that you know some of the most common auto insurance terms, you can confidently start shopping for a policy! If you need help finding the right policy for your needs, contact Access Insurance Services in San Antonio, TX. We are here to help you find the best coverage at the most affordable price. Give us a call today.