What Does Motorcycle Insurance Cover?

For many people, motorcycles represent freedom and the joys of the open road.  Having the right motorcycle insurance can keep you covered every time that you head out.  The law requires that you have minimum liability insurance. A more comprehensive policy will provide you with better cover, though.  Also, check with your lender’s requirements if the motorcycle is financed.  Many times, lenders will require certain levels of coverage. Regardless of your situation, it is important to understand all of the insurance options that are available. The team at Access Insurance Services serve the needs of motorcycle owners throughout the San Antonio, TX area. They can address any questions that you may have. 

When you visit, they will discuss the coverage that a minimum liability policy provides. In simple terms, if you are in an accident and found to be at fault, the policy will cover the repairs and medical expenses needed by the other person.  If they decide to sue, it will also cover their legal fees. Minimum liability policies, however, will not cover any of your medical expenses or repair costs.  Another point to consider is that a minimum liability policy will out pay for a defined amount. If the medical or repair costs exceed that limit, you will be held responsible for the overage. 

The team at Access Insurance Services want you to have the best coverage possible for your motorcycle in the San Antonio, TX area. They will show you more comprehensive and collision insurance options that fit your lifestyle. They are ready to answer your questions and give you options. Your bike is an investment that needs to be protected should you ever been in an accident.  Visit their website for information to get started, then visit their offices for the coverage you need.

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 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.

Life Insurance Mistakes You Don’t Want to Make

Life insurance can be a useful financial safety tool for families in San Antonio, TX but you don’t want to make these mistakes because doing so could lead you to getting the wrong coverage. Discuss these mistakes with an agent at Access Insurance Services.

Buying the Wrong Amount of Coverage: Not everyone will benefit from life insurance in Texas, and depending on income and life circumstances, you may not need life insurance. However, if you have a family and are the breadwinner, you may need move coverage than you think. Aim for seven times your yearly salary and some extra to help fund college and pay off any debt. Even those who stay at home should have enough coverage to provide childcare and other services, even though they may not need as much coverage as the breadwinner.

Choosing the Wrong Type of Policy: There are different kinds of life policies in Texas. Term policies can be a good choice for families, as long as the policy doesn’t expire until the kids are grown and on their own. Permanent life insurance is useful if you have a financial dependent that will be lifelong, such as an estate with a lot of taxes for heirs or a child with special needs.

Putting Off Buying Life Insurance: Life insurance could be cheaper than you think, so don’t put off the purchase. This is especially important if you have young children. Life insurance can be cheaper the sooner you buy it while you are still healthy.

Only Being Reliant on Free Life Insurance from Work: The benefits from work aren’t enough if your family depends on your income. These policies will usually only cover one or two times your salary and won’t be enough for your family. Coverage will end after you leave. Buy a separate policy and just consider the one from work a free benefit.

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

 

Why Real Estate Professionals in San Antonio, TX Need Commercial Insurance

As a real estate professional in San Antonio, TX, you spend your day helping people rent, buy, sell and appraise the property. You might find yourself in different situations on a regular basis, whether it’s in the field or preparing paperwork at the office. Sometimes, you may find yourself at risk and wonder what you can do to protect yourself and your assets. Your Access Insurance Services representative can walk you through the commercial insurance policies that would most benefit you. In the meantime, here’s some information to get going.

Commercial Liability

You might be wondering what would happen if an employee at your brokerage or appraisal service racks up medical bills due to a work-related injury. It could be due to human error or pure accident. A liability policy tailored to your business can help prevent legal and medical bills that can negatively impact your business. 

The U.S. Small Business Administration states that general liability insurance protects your form legal issues resulting from injuries, accidents, and negligence. 

Property Damage

Just as unforeseen events can lead to bodily injury and litigation, property damage risk can put your business in jeopardy without the right policy in place to protect it. General liability for your business acts as a homeowners policy. Your office and properties have valuable equipment that you need to stay in business, and you need to include this contingency when you build your commercial insurance policy with your insurance agent.

Professional Liability

Professional liability is also known as errors and omissions coverage (E&O). It safeguards your real estate business against unintended errors and omissions. The Insurance Information Institute states professional liability insurance is needed to protect your assets against misrepresentation, negligence, fair dealing or good faith violations and consequent legal expenses.

Contact your Access Insurance Services representative today to discuss all your commercial insurance needs and to schedule an appointment for a quote.

Does Your RV Insurance Cover You Everywhere You Go?

Like many others in San Antonio, TX, you probably want to take your RV to places far and wide. However, before you start crossing county or state lines, it’s important you know if your insurance coverage goes with you for the ride. Access Insurance Services offers many RV insurance options, and here is how they work when you’re out of town.

Where Do You Plan to Travel?

If you’re staying within the state, then your RV insurance will cover you as normal. Even though Texas is a large state, you can have the peace of mind knowing your insurance protection isn’t going to change from one side of the state to another.

If you plan to go out of state, things can become slightly more complicated. Typically, your insurance coverage will still protect you out of state. Different states have different minimum insurance requirements.

If you’re in an accident in a state that has different insurance requirements, your Texas insurance will still cover you. If the requirements in the new state are higher, then your insurance may temporarily raise your coverage for that single incident.

Are You Living Out of Your RV?

Many people make their RV a home. This is fine if you stay in Texas. If you spend more than a few months in a different state, you may have to change your RV insurance coverage options.

Residency requirements vary by state, but most states consider you a resident if you’re living in the state for a specific amount of time. Once you pass the limit, you will have to register and insure your vehicle in that state.

Access Insurance Services can help you with your RV insurance no matter where you go in San Antonio, TX and beyond. Before taking a long trip or deciding to set roots in a new place, contact us to learn more about your RV insurance requirements.