Basics of Flood Insurance

Many mortgage lenders require that you carry homeowner’s insurance. This protects their investment in the property. With this in place, you may feel adequately covered.  There is one further step that you need to take. You need to understand what level of risk your home has for flooding. Flood damage is something that home insurance policies don’t cover.  Our agents at Versatile Insurance Planners work with homeowners like you in San Antonio. We can help you decide if flood insurance is right for you. 

The National Flood Insurance Program was created by Congress to protect homeowners and renters from losses.  Legislators recognized that floods are the most common and expensive disasters facing homeowners. Financially, floods can cause a financial disaster. On average, a 1,00 sq. ft. house that sustains 1 ft. of water will result in $27,150 in damages. Also, 20% of claims for flood damage come from low to moderate risk areas. This is why it is so important to look at the risk data for the location of your home and thoughtfully consider additional flood coverage.

At Versatile Insurance Planners, our agents understand the flood risks in the San Antonio, TX area. They help home and businesses assess their level of risk and whether flood insurance is needed. They can answer any questions that you have and provide options for you. As flood insurance only covers buildings on a property, they can also ensure that your home insurance adequately covers your possession inside of the home. To get started, browse through the information on our website.  When you are ready, contact us! You’ll be presented with the information you need, get questions answered, and be able to make your own decision about flood insurance. It’s good to have a knowledgeable partner to help with the process. Don’t wait until its too late!  Contact us today!

How to Protect Your Business While It’s Under Construction

Significant amounts of financial resources and time commitment is involved in starting and running a business. Protecting your investment should be a priority so your hard work is not ruined by an accident or incident. Understanding what types of coverage that will protect your business will help you make an informed choice when you choose insurance. Choosing a reliable insurance company is a good starting point when you are seeking this kind of coverage.

At Versatile Insurance Planners in San Antonio, TX, finding the right coverage for your growing business is easy. It is important to protect major assets and your business is likely very important to you. We can help you with your insurance needs through all stages of construction.

Commercial insurance

Getting a small package can give you liability coverage which will protect from accidents involving visitors and others who frequent your business. Auto insurance can be included in this type of package. This can be a good standard option for business owners who want to ensure they have basic coverage.

Short-term insurance 

You may only need insurance for a short period of time during construction. There are options for this type of plan. Also, if your business is interrupted by around move or renovation, there are types of plans that can compensate for lost time. There are different options for short-term coverage that can match your needs.

At Versatile Insurance Planners in San Antonio, TX, we have skilled agents that are well versed in all types of insurance for your home, business, or auto and everything in between. We are to help you understand your insurance options and we can answer any questions you might have. Give us a call to speak to an agent today to inquire about a quote for your next policy.

Tips for Buying a Motorcycle Out of State

Long gone are the old days when you would just go down to the local San Antonio, TX motorcycle dealerships and pick one out. The internet has widened our options considerably, and there’s a good chance that your next bike will be found with just a swipe of your finger. But what happens when you find a great motorcycle in a different state? The good news is that you can purchase it legally and still get it registered in Texas, but you’ll need to make sure you’re doing everything right.

Follow these tips from the experts at Versatile Insurance Planners to make the whole process a breeze!

Do Your Research and Ask Questions

Legitimate sellers will be happy to provide you with as much information as possible and answer all your questions. If you’re buying a used motorcycle, you should always be able to get its full history. 

Don’t Buy the Motorcycle without Seeing It

As internet motorcycle sales have risen, so have scams. Even if the seller seems reputable, never make the purchase without going to see the motorcycle in person. If you’re unable to do so, have someone you trust go look at it for you. If you simply must buy from an online-only marketplace, make sure it is one specifically meant for vehicle sale (i.e. not Craigslist) and is BBB certified. 

Plan for Legal Transportation

Many people choose to have their motorcycle shipped to Texas so they don’t have to register it anywhere else first (you can find reputable motorcycle shippers on Chopper Exchange). If you plan to ride it all the way back to San Antonio, TX, then you will need temporary registration in the state it is purchased in. Call their state DMV ahead of time and bring all the necessary documents with you. You will later be able to register it fully in Texas. 

Talk with Your Insurance Agent Ahead of Time

Every situation is different, and it is important to make sure you’re not heading out on the road without proper protection. Give us a call at Versatile Insurance Planners today to learn more about your motorcycle insurance coverage options both during transportation to Texas and after you get the bike registered here. Don’t let your new purchase go to waste with a lack of good coverage! 

 

 

Are there different types of motorcycle insurance?

Do you have a one of a kind motorcycle in San Antonio, TX?

Standard auto insurance is not going to do much to protect your bike in the event of an accident. What are the different types of motorcycle insurance, though? Also, how much coverage is necessary to enjoy the road with peace and confidence? The agents at Versatile Insurance Planners can help with these questions and more!

What is motorcycle insurance?

Motorcycle insurance is an indemnity policy that specifically covers motorcycles in a car accident. These plans are similar to standard auto insurance policies in that they come with policy limits and deductibles that owners must pay before coverage kicks in after an accident. 

Motorcycle coverage differs from a standard auto insurance plan by offering bike owners the chance to cover the gear that is necessary to ride safely. A motorcycle indemnity policy also allows owners to save money on cooling-off periods. It is during these times that owners remain insured for damages that their bikes may sustain while in storage. The policy does not cover car accidents and other incidents on the road during the cooling-off period. 

What are the different types of coverage?

Liability insurance is an absolute must for motorcycle owners who use their bikes to commute on the highways or in the inner city of San Antonio, TX. The state of Texas requires drivers to show proof of at least $30,000 worth of insurance coverage for bodily injury per person. Drivers must show proof of at least $25,000  worth of coverage for property damage. 

Comprehensive and Collision coverages are options for motorcycle owners looking for full coverage. There are also add-ons, such as total loss coverage and trip interruption protection, that further guard you from significant financial loss in an accident. 

The agents at Versatile Insurance Partners can help you find the motorcycle insurance policy to fit your needs. Call us today to get started with a quote!

3 Tips for Buying Commercial Insurance in Texas

Owing to a business in San Antonio, TX means you need commercial insurance to protect this asset. You don’t know what the future could bring; liability, damage, theft, fire, and other events could put you out of business. With commercial insurance, however, you’re covered. At Versatile Insurance Planners we’ve listed three easy tips to help you find the right commercial insurance policy in San Antonio, TX for a price you can afford.

1. Bundle Your Insurance Policies

By bundling your insurance policies, you’ll save money on your policies. Insurance companies will sometimes reward loyal customers and this is just one way they go about it. Bundle your life, auto, home, boat, umbrella, condo, and other insurance policies together to get maximum savings. Stick with the insurance company you have now or switch to a new one for additional savings. 

2. Compare Several Insurance Quotes

Policy prices and coverage vary so it’s important to compare many quotes. An insurance agent can help you do this by first finding the right quotes to view and then helping you go over them to compare coverage and price. Take your time and fully understand the coverage before making a decision.

3. Work with a Reputable Agent

Each business is unique. You could own a specialty business that requires a very different policy from another kind of business. A reputable insurance agent understands this and will help you find the right policy for your particular business needs.

To learn more about acquiring commercial insurance, contact the team at Versatile Insurance Planners. Our team is standing by to take your call and answer all your questions. We can be reached today at 210-858-9860.

Planning a Cross-Country Bike Trip? What You Need to Know

Getting out on your bike for an epic road trip is a fantastic way to spend part of your summer. Before you get out there come and meet with the professional agents at Versatile Insurance Planners to make sure that your motorcycle insurance policy provides the protection you will need. Whether you are sticking close to the San Antonio, TX area this summer or will be traveling cross-country, it’s always a good idea to review your motorcycle insurance. We can help you get the coverage you need whether you are riding across the country or will trailer your bike out West.

Hitting Up Sturgis this Summer, or Getting Your Kicks on Route 66? Make Sure You’re Protected

Summer is the perfect time to get your bike out on the road. Who doesn’t love a road trip? There are a number of interesting options, from taking a cross-country route that takes you up to Canada or sticking to one spot. Sturgis is on a lot of people’s bucket list, and this trip provides some breathtaking scenery along with some great camaraderie. There are endless possibilities, and the planning can be half the fun. If you are looking to get out there this summer and fall, make sure that you have the protection you need. A comprehensive motorcycle policy can protect you in the event of a mishap, theft, or loss, you will be able to get back on the road before you know it.

Make sure you have a full motorcycle insurance review at the top of your to-do list for this summer. Don’t get out on the road until you meet with San Antonio, TX area Versatile Insurance Planners and know that you have your insurance ducks in a row.

Flood Insurance: What do you need to file a claim?

There is nothing worse than experiencing a storm that takes nearly everything and not knowing what to do next. The agents at Versatile Insurance Planners can help you get through what may be one of the worst days of your life. Read on to learn what you should do when you need to file a claim for flood insurance coverage.

Step 1: Notify your insurer

Your insurance company has no way of knowing that you have suffered a loss due to flooding. You need to contact them so that you can get started with processing a claim. You should have the following information when contacting your insurer:

  • Your policy number

  • A telephone number or email address where they can reach you for further information

There are instances where everything, including your insurance papers with the policy numbers, is destroyed. You should still contact your insurer as a skilled agent in San Antonio TX can retrieve your information and determine the best way to help you file a claim.

Step 2: Write down the damage

Your insurer has no way of knowing how much damage the storm and subsequent flooding caused. You must, therefore, document the damage by taking note of the property that was damaged. It is best to make a list of personal as well as structural property damage so that you are not trying to think off the top of your head when asked about the items that you lost.

Pictures are also helpful in this instance. A photo can articulate what you may not be able to put into words. Many homeowners in San Antonio, TX take pictures of damaged property before making a list of things that need to be repaired or replaced.

Step 3: Submit a Proof of Loss form

Most insurance companies will not issue a check to close out a claim without the Proof of Loss form. This document is important because it is your sworn statement that stipulates the amount that you are claiming to have lost in the storm. Your form must have specific details that directly tie the amount that you are claiming to the actual value of the items or structure damaged. Insurance companies usually require that you file your Proof of Loss form within 60 days of the event.

A storm that ruins nearly everything that you love is devastating. Let the agents at Versatile Insurance Planners help you find the flood insurance plan that works best for your situation.

Insurance Needs for The Small Business Owner

As a small business owner in Salma, TX, you may be wondering exactly what your insurance needs are. Versatile Insurance Planners is happy to help. We understand the individual needs of the small business owner and look for new ways to provide insurance coverage for you.

General Liability and Property Insurance from Versatile Insurance Planners

The minimum coverage you would want to consider as a small business owner would be General Liability and Property Insurance. This is the basic insurance to make sure that you are protected from liability should an accident take place on your property. This policy will also protect you if significant damage is sustained to your property.

Worker’s Compensation Insurance

Depending on how many people you employ, you may be required by law to carry worker’s compensation insurance. This type of insurance will protect your employees in the event that they are injured at work. This will provide for medical expenses and provide payments while the employee is out of work. In addition to this, it protects you as the employer if an employee sues you for injuries sustained on the job.

Equipment and Automobile Insurance

If you use any type of equipment or use vehicles in the execution of your business, then you will need to protect these investments as well. Equipment is usually a massive investment in your business. You do not want to risk losing this equipment in the event of an accident or through wear and tear. Equipment insurance will cover these items. If your employees are required to drive in order to do their job, then they and the vehicles they drive will need to be insured. This is both for your protection as well as the protection of anyone who may be involved in an accident with one of your employees.

Please call us today at Versatile Insurance Planners serving Salma, TX and the surrounding areas to discuss your policy.

Does Motorcycle Insurance Cover Damage Associated with Wear and Tear?

Insurance on your motorcycle and knowing what type of coverage you need is essential. You can have about any amount of coverage you want, but that does not change what that coverage takes care of. For those that live in the San Antonio, TX area, the agents with Versatile Insurance Planners can help you to find the coverage you need and want.

Motorcycle insurance covers damage from wrecks, injury, and more. Motorcycle insurance does not, however, cover normal wear and tear. There is a reason for this. For starters, it is not possible for insurance companies to include things like wear and tear because everyone uses their motorcycles differently. Wear and tear for each and every driver is going to be different and is going to happen even if the bike is not driven. Insurance is in place to help recover from accidents rather than to cover the normal wear and tear of a bike.

Since your insurance is not going to cover wear and tear, it is always a good idea to have regular maintenance done on your bike to help protect it. Your insurance does include things like damages from wrecks, your medical bills in the event on an accident, and even the medical costs of the other drivers as well as associated deductibles. This is going to help make sure that when you are on the road, everyone is covered and safe.

For those that live in the San Antonio, TX area, the agents with Versatile Insurance Planners can help you determine what type and amount of coverage you need to help protect you and your bike and keep it on the road and running for a more extended period. Contact our office to speak with an agent and get a quote.

Does Flood Insurance Cover Damages From A Sewer Accident?

If you are the victim of a sewer mishap, whether it be a result of issues in the home or issues stemming from the system running through the neighborhood, you can have substantial damages to your home. This type of accident requires serious mitigation and cleanup, in addition, there may be significant repairs and replacement to avoid health hazards for you and your family. Does the average flood insurance policy cover sewer accident repair and replacement cost?

Sewer Accident Repairs And Replacement

If you have a sewer accident that affects your home or property, you can expect to be out of pocket unless you purchase water/sewer backup coverage. The only instance your regular flood insurance will cover a sewer backup or water backup from utilities is if it is caused directly by a flood from a body of water or heavy rain. If you are concerned with incurring this type of damage, you should research your options and find out how to obtain water/sewer backup coverage in addition to your regular homeowners and flood insurance. 

A Trusted Provider Of Insurance Products

If you are looking for top-quality insurance products to protect your investments, then you should do business with an insurance agency that has an established reputation for quality and customer service. If you live in or near the San Antonio, TX area, you can count on Versatile Insurance Planners to work with you to get you the insurance coverage you need to protect your possessions. We are committed to providing personalized service and complete coverage. 

Don’t take risks with your home or property. Get the insurance you need from Versatile Insurance Planners serving the residents in and around the San Antonio, TX area. Having the right insurance products will give you security and peace of mind.