Commercial Insurance and Home-Based Businesses

Owners of shops, stores, and offices know they need commercial insurance, but did you know that if you use a home office for meetings, you also need commercial insurance? It covers you for liability and your office equipment. Access Insurance Services of San Antonio, TX wants you to understand the importance of insuring your home-based business.

Homeowners’ insurance does not cover home-based business activities. You need commercial insurance if you conduct meetings at your home. It also covers your business equipment. If you use a vehicle for business only, you need commercial auto insurance. If you make a business claim on your home insurance, you can end up voiding your homeowners’ insurance.

Commercial coverage for home businesses covers the property, such as office equipment, general liability, product liability, professional liability, and business vehicle insurance. You may need errors and omissions insurance if your home business involves you giving professional advice for pay.

A homeowners’ policy only covers contents up to a percentage of the total home value. Check your policy to see how much coverage your policy provides. Now, tally the cost of replacing all of your office equipment. You probably found that it would quickly eat up most of the money you’d get for contents. A commercial policy covers those losses so you can spend your contents coverage on replacing your furniture and clothing.

While homeowners’ insurance covers you if your next door neighbor’s child slips and falls getting out of your pool, it does not cover your business client who falls down your front steps. You need commercial insurance for that.

If you sell a product, you need product liability insurance. It protects you if someone gets hurt using your product and sues you, or if the product does not work.

Call or contact Access Insurance Services of San Antonio, TX to learn more about commercial insurance for your home-based business. It is an important key to your financial success.

Cover Your Debt With Life Insurance

For many residents in Texas, they are underinsured when it comes to life insurance. While Texas does not have a requirement on life insurance policies, many families who are left with outstanding debt from deceased family members find themselves working to cover final costs, mortgages, and other costs that come due after their loved one had passed. Maybe you have personally experienced this and would like to ensure that your family will not suffer the same fate. A life insurance policy from Access Insurance Services for residents in or around the San Antonio, TX area can help family members with obligations below.

Final Costs

Funeral arrangements and services can add up to quite the tab for a funeral home, and these services have to be paid promptly. When building your life insurance policy, ensure that enough funds are available for the services that you would like to have in your honor.

Estate Fees & Probate Costs

For those who have a large estate or planning to split the estate into multiple owners, expect the fees from the estate and the probate costs when planning your policy. You can include a budget for these fees so that you are still protecting your family even after your passing.

Mortgages & Car Loans

If you currently have any outstanding mortgages and car loans, you will want to include those expenses in your overall policy coverage. These types of debts will not dissolve after death and will fall to the responsibility of the family members assuming the estate. 

Get Quality Life Insurance Coverage

The agents at Access Insurance Services understand the needs you have your life insurance policy and will assist you with making sure that you have enough to cover your obligations and protect your loved ones. If you live in San Antonio, TX, give our agency a call today for more information. 

What does home insurance in Texas cover?

San Antonio, TX is a thriving city that attracts dozens of tourists. Some visitors love the region so much that they decide to stay. Homeownership begins with responsibility. A good home insurance plan purchased through Access Insurance Services is a great way to prove yourself as an accountable resident. Read on to learn more about how home insurance works in Texas!

What does home insurance in Texas cover?

Home insurance policies in Texas are typically broken down into six categories:

  • Dwelling Coverage

  • Personal Property Coverage

  • Other Structures Coverage

  • Loss of Use Coverage

  • Personal Liability Coverage

  • Medical Payments Coverage

Whereas structural damage is classified as a part of dwelling coverage, furniture, and other personal property is covered under a different part of the plan. Surprisingly enough, a detached garage is not considered as part of the dwelling place and, thus, receives coverage as an “other” structure.

Personal liability and coverage for medical payments involve instances where the homeowner is found at-fault for injuries to another person who was hurt while on the property. Personal liability pays for everything from lawyer fees to lost wages. Medical payments coverage, on the other hand, only covers health care costs related to the injury.

Do you really need home insurance?

It is not required by law that you have home insurance in Texas. Those who pay a monthly mortgage, however, may be required to maintain an assurance policy as part of the contract.

A home is one of the biggest investments you will make while living in San Antonio, TX. Why would you want to let such an asset lack a good indemnity plan? Call Access Insurance Services today to get started with a quote!

What you need to know to get the right multi-vehicle auto policy for your family

In the greater San Antonio, TX area, it can be difficult to get around without a car. When you have multiple family members and everyone has a car, insuring all the vehicles can become a big deal. The team at Access Insurance Services is here to answer all of your questions and provide helpful information about your multi-vehicle auto insurance options. When you are insuring a number of vehicles, it makes sense to carefully review all of your options and then determine which policy or policies are right for your family.

  • Are any of the cars fully paid for? When your car is owned outright and is not attached to a bank loan your options can be different from those available to leased or financed cars and trucks.
  • Is there a family member with a poor driving record that is causing difficulty with your insurance procurement? If you have a "bad driver" in your family the type of policy or coverage amounts that are available to you may be limited. If their record is really making thing difficult, it can sometimes make sense to put them on their own policy.
  • What is the average mileage driven for each of the cars? If you have a car or two that is driven in a limited radius or is only used when another car is out of commission, be sure to let your agent know the distance it is driven each year.

Are you feeling overwhelmed about the insurance that your family needs to protect all of your vehicles? The team at Access Insurance Services is here to provide answers for our friends and neighbors in the greater San Antonio, TX area. Call or stop by today!

Are You Paying Too Much for Motorcycle Insurance?

The average cost of motorcycle insurance in San Antonio, TX will depend on the coverage you choose and other factors, such as driving range, accident history, and type of bike. While motorcycle insurance is required, there are ways to save if you think you are paying too much for motorcycle insurance.

If your limits are too high, you could be paying for insurance you don’t need. However, if your limits are too low then you are at risk for having to pay out of pocket if an accident does occur. Increasing your deductible can help lower the cost of your premium while keeping coverage, which can be useful.

Start looking for a company that offers discounts for motorcycle insurance. Some of these discounts can include a mature rider discount for riders that have some years under their belt, a paid in full discount, a responsible driver discount, a multi-bike discount, or an anti-lock brake discount. There may also be a continuous coverage discount for those who don’t cancel in the winter and sign back up in the spring. Ask an agent at Access Insurance Services to see if you can qualify for any discounts.

A motorcycle safety class may also help you reduce your rates. It can help you save money now and also help you reap benefits in the long run by helping you stay claim free and ride better.

Choosing the right bike can also help you save on motorcycle insurance. A newer and more expensive bike will be more expensive to insure. If your bike has a larger engine, it could also be resulting in larger premiums. Bikes with a lot of chrome can cause premiums to increase. Sports bikes may also not be insurable because they are considered high risk.

Contact Access Insurance Services, serving San Antonio, TX, to get a quote on motorcycle insurance.

When is a Good Time for an RV Insurance Review?

Everyone knows they need RV insurance when getting a new RV. However, it is not as obvious that it is a good idea to have an RV insurance review at least once each year and if any substantial changes occur. It is important to work with your agent at Access Insurance Services, serving San Antonio, TX and the surrounding area, to make sure your RV insurance is adequate.

Here are some things that would normally warrant an RV insurance review:

  • Changes in Usage: If the use of your RV changes substantially, it is a good idea to let your agent know about this so that the insurance can be adjusted as needed. For example, an insurance adjustment may be needed if you normally travel only for short trips during summer and you retire with the plan to travel constantly in your RV. The additional miles traveled need to be considered for insurance purposes.
  • Changing How the RV is Parked or Stored: Parking your RV in a new location or placing it in storage can change insurance requirements. Just tell your agent if there is a change in the normal place it is parked.
  • Letting Others Use the RV: If you plan on lending your RV to others, make sure your agent knows because they may need separate insurance to cover them for driving and using it.
  • Renting Your RV: Renting out an RV is a common way for owners to reduce the expenses of maintaining one. When renting an RV, this becomes a commercial use of it and the insurance requirements are different than when only using it for personal (non-commercial) uses.
  • Adding Custom Features and Equipment to an RV: Inform your agent if you make any substantial custom modifications and/or add expensive items to take along on RV trips, such as a new stereo system, an entertainment system, or other expensive equipment or customizations.

If you need any help with RV insurance, then reach out to your agent at Access Insurance Services in San Antonio, TX to get a free consultation, an insurance review, and a quote.

Can I Borrow Against My Term Life Policy

Term life insurance offers other benefits aside from providing a way for you to pay your final expenses. At Access Insurance Services, agents help the residents of San Antonio, TX find the right type of life insurance for their individual needs. For some residents, having a term life insurance policy will suit their needs as well as provide them with a line of equity in case of emergency.

Build Equity

With a term life insurance policy, you have an opportunity to build usable equity. Because it is a "term" policy, the number of payments have already been decided in order to reach the policy’s maturity. With every monthly premium you pay, you continue to build equity.

In Case of an Emergency

When enough equity has built up in the policy, you may be able to take a loan out against what you have already paid in. You will have to apply for the loan just like you would if you were borrowing from a financial lender. If you are approved, you will be able to borrow a pre-determined amount.

Make Additional Payments or Add Payments to the End

When it comes to repaying the loan, you can make an additional payment every month along with your regular monthly premium or you can add the payments on to the end of the term.

If you are interested in learning more about the benefits of a term life insurance policy, call the agents at Access Insurance Services. Residents who live in San Antonio, TX can get all of the information they need about term life policies simply by calling the office and talking to a reputable agent.

Will My Commercial Insurance Policy Cover Facility Expansion?

Starting a new business is always such a scary, yet exciting time. As time goes on, you gain your footing in the market and begin to slowly grow bigger and bigger. When you have finally outgrown your current space and need to move to a larger facility or simply decide to acquire a second location, you must make sure that your insurance has you covered. The best thing you can do is speak with Access Insurance Services of San Antonio, TX to determine whether or not expansion is already covered under you’re current commercial property insurance policy.

Commercial Property Insurance

For an expanding business, commercial property insurance is a must. Purchasing a policy that fits your needs will safeguard your business, investments, and personal finances. In the event that something goes wrong, you can be confident that your business will not be destroyed. For example, if there happens to be an accidental fire and all of your office furniture and inventory are burned to a crisp, your insurance plan will save you from financial ruin. Under a commercial property insurance plan, the following are examples of what will be covered:

  • Your facility or building
  • Other parties’ property
  • Your stock of products or inventory
  • Outdoor signage
  • Outdoor landscaping and surrounding gates/fencing

When you are adding on to what you already have covered under your policy, contact Access Insurance Services to make sure that your new additions have been taken into account. If they have not, an insurance professional from Access Insurance Services will be able to help you determine the best way to adjust your plan in order to make sure your business is completely covered in the event of an incident.

Blown Tires and Auto Insurance Rates

Blown tires in San Antonio, TX can be a frustrating and difficult situation to manage, particularly if they cause accidents. We at Access Insurance Services have seen these types of accidents impact the lives of many of our clients and want to make sure that you understand how your rates may be affected.

Insurance Covers Damage Caused By Blowouts

When your tire blows, there is a good chance that you might get into an accident or suffer from damage to the vehicle. In this instance, your insurance will pay for any damage this incident causes, including other cars. However, the tire itself won’t be paid for by the provider.

This lack of coverage is due to the fact that blown tires are typically considered an avoidable situation and due to the driver failing to take due caution in maintaining them. However, if somebody blows your tire – such as a vandal – with a knife, you can get insurance coverage for the tire.

Rates May Increase

If you get into an accident caused by blown tires, there is a chance that your rate may increase. Insurance companies consider this type of accident to be the driver’s fault, as mentioned above and may hold it against the driver when it happens.

The chance of increasing rates will vary depending on your company and the type of policy that your purchase. Some companies are more forgiving of such situations while others will almost always increase their rates. Make sure that you fully understand your policy before making a claim.

Find a Policy That Works

If you live in San Antonio, TX and are worried about blown tires affecting your insurance rates, please contact us at Access Insurance Services to find a policy that is right for you. Our professionals will work hard to narrow down your options and find the most appropriate coverage for your car.

Home Insurance Protection for Fire Dangers

Fires in San Antonio, TX may spread rapidly and cause great damage to many homes. Thankfully, home insurance policies from Access Insurance Services can protect you from this danger and total home loss.

Most Policies Cover Fires

Home insurance will cover fires started by lightning strikes, electrical problems, gas issues, stove problems, and other issues in a home. They typically cover the dwelling – the structure of the home – and all detached structures, like garages. However, personal property in the home, including furniture and clothing, are also protected. Homeowners need to create a list of all destroyed property after the authorities have confirmed the fire was an accident.

Some Fire Limitations May Apply

Though home insurance covers just about any type of fire danger, there are a few issues that they don’t protect. For example, a deliberate fire set by the owner – known as arson – is not covered and, in fact, is a criminal offense. However, arson by someone else is typically covered, as long as the person who started the fire wasn’t the homeowner trying to defraud their insurance provider.

Fires in a vacant home are another situation that is rarely covered. A home is declared vacant is a person hasn’t occupied the home for more than 30 consecutive days. However, a homeowner can buy a specific endorsement for their policy that will protect the home – such as if it is only used during vacations – from fires.

Find the Policy That You Need

As you can see, fire protection is a smart choice for those with home insurance. So if you live in San Antonio, TX and are worried about the dangers of fires, please contact us at Access Insurance Services. We will help you find a policy that suits your needs and help you avoid the dangers of severe fires.