What is BOP Coverage?

Insurance companies understand that many business owners face similar perils, and, as such, have put together commonly needed products into a bundle. These are known as a BOP or a business owner’s policy, and your knowledgeable Melvin Gessner Insurance Agency representative can give you specifics on what is included. 

What is BOP Coverage?

Wilis, TX entrepreneurs are only required by law to have commercial auto insurance, but there are many good reasons to choose additional coverage. Contractors and subcontractors may often choose to work only with those who purchase indemnification, as it protects their interests. As a business owner, coverage helps shield you from financial loss. 

A BOP is ideal for businesses in the small to the midsize range, and they are usually customizable, meaning you can add more covered perils to your policy. 

Fire is a commonly included hazard, as this can not only raze your building to the ground, but it can also take your inventory with it. Wilis TX company owners very often store their machines and other equipment in their main locations, and these items can be damaged by smoke or sprinkler systems. Hail, windstorms, and water damage from snow can also pose a problem and are often covered. 

Theft and vandalism can cost you dividends, and special circumstances can render your business inoperable for a period of time, but your indemnification can substitute your income temporarily. 

Basic liabilities are often a part of a BOP, and this can extend to physical injuries caused to customers, destruction of property through negligence by workers to clients’ homes, for example, or advertising mishaps, such as libel, misleading information, typos, or omissions. 

Melvin Gessner Insurance Agency Can Help

We specialize in providing an array of insurance services for our Willis, TX clients, and we can put together a package to meet your needs. Reach out to us by calling or stopping into the office. 

How and why to create a home inventory

You may wonder why you would want to take the time to make a home inventory. It is a lot of work, but it is worthwhile if you ever need to file a claim. At Melvin Gessner Insurance Agency in Wilis, TX, we know that we work for our customers, and we will make sure that we find the best policy to protect you and your home. 

Home Inventory: The Basics

How to create a home inventory

You can make an old-fashioned written inventory, or you can do a digital one. If you go for the old-fashioned one, you will need to bring along a camera to take pictures of each room to put with the completed inventory. 

Begin in the room of your choice, and write down all the items in the room. Open closets, drawers, and cabinets, and write down everything that you see. Give as much detail as you can, including maker, brand, serial numbers, etc. If you have the sales slip or receipt, attach it to that page of the inventory. 

Go room to room doing the same thing in each room, taking multiple photos from different angles. Don’t forget to go to the attic, basement, garage, and shed. Once you have written down everything, it is important to find a safe place to store your inventory. The ideal storage location is away from your home, so you don’t lose it in the event a hazard hits your home. A safe deposit box works, or you can place a copy of the inventory on the cloud.

Why create a home inventory

The reason for creating the inventory is that the insurance company will accept it when it comes to filing a claim for lost content. It will make the whole claim experience much less stressful at a time when stress is the last thing you need. 

Get Home Insurance Today

Getting the right coverage for your home is a vital step to protecting your asset. Contact Melvin Gessner Insurance Agency in Wilis, TX to discuss your home insurance needs. 

Does Motorcycle Insurance Cover Customized Bikes?

In short, it’s not hard to get coverage for your customized motorcycle in Wilis, TX. There are a few terms that can help you better understand your motorcycle coverage options.

Agreed Value, Actual Cash Value, and Replacement Cost

To insure a bike, the insurance company needs to determine its value. A motorcycle depreciates in value, much like a car. Replacement cost, or the amount it would take to buy a replacement, is often higher than the value.

The insurance company will determine the actual cash value or agreed value to determine what they’d pay in a claim. Actual cash value is an evaluation of the cash worth of the bicycle. This evaluation factors in modifications, damage, depreciation, and wear and tear. In some circumstances, it may not be simple to come to an actual cash value. In that case, a fair agreed value would be set between the owner and the insurance provider. The skilled staff of Melvin Gessner Insurance Agency can help you determine which applies to your bike.

Coverages for Custom Motorcycles

Some motorcycle coverages will be familiar. Those collision, comprehensive, and liability. Bikes insured in Wilis TX require at least liability. Others you may be less familiar with but are handy to have:

  • Uninsured/Underinsured: Covers you should another driver damage your bike without the insurance to cover it.

  • Roadside: Call for a tow, tire, or gas in a pinch.

  • Custom Parts & Equipment: This covers the price for valuable aftermarket or custom parts and equipment that exceeds basic motorcycle coverage.

Consider Seasonal Coverage

For fair-weather cruisers, consider seasonal coverage applies four to six months out of the year. Seasonal coverage is a great way to save if your bike spends its winters in the garage.

Contact Us Today

Call Melvin Gessner Insurance Agency in Wilis, TX.today with any questions you have about covering your modified motorcycle. Let us help you protect your property.

Do I Need Year-Round Boat Insurance in Pennsylvania?

If you live in the greater Willis, TX community, and own a boat, you may wonder if you need to insure it year-round. The answer to that question depends on several factors, including how long you use it during the year and store it in the off-season.

How Often Do You Use Your Boat?

If you only use your boat a few times during the year, you may not need to insure it year-round. However, if you use it regularly, especially if you keep it in the water during winter, you will need to insure it all year. This is because boats are susceptible to damage from the elements, even when not used. Your Melvin Gessner Insurance Agency agent can help you determine how often you should insure your boat.

How Do You Store Your Boat?

Where you store your boat during the off-season can also affect whether you need year-round insurance. If you store it in a garage or shed, it will be better protected from the elements than leaving it in the water. You may not need to insure it as often.

Is Boat Insurance Required?

In Pennsylvania, boat insurance is not required but should consider a policy. You will be responsible for the damage if your boat is involved in an accident. They could sue you for the damages if you do not have insurance.

Is There a Loan?

If you have a loan on your boat, the lender will require you to have insurance. This protects their investment in case the boat is damaged or totaled. You will need to insure your boat year-round if you have a loan.

Get Insurance Coverage For Your Boat Today

Your Melvin Gessner Insurance Agency agent can help determine if you need year-round boat insurance in Willis, TX. We can also help you get the coverage you need to protect your investment. Call us today!

How Can I Make Sure My Umbrella Insurance Policy Is Effective

When looking for insurance, it’s important to ensure that you’re getting the best coverage possible. One type of policy you may want to consider is umbrella insurance. This type of policy can provide extra protection for you in the event that something happens. However, it’s important to make sure that your policy is effective.

Here is how you can ensure that your umbrella insurance policy provides the protection you need:

1. Make Sure You Have the Right Amount of Coverage

The first step to ensuring your umbrella policy is effective is ensuring you have the right amount of coverage. You’ll want to consider the value of your assets and how much coverage you need. If you don’t have enough coverage, you may find yourself in a situation where you’re unable to pay for damages. On the other hand, if you have too much coverage, you could be paying for protection that you don’t need. Work with our insurance agent at Melvin Gessner Insurance Agency in Willis, TX to determine the right amount of coverage for your needs.

2. Review Your Policy Regularly

Your needs can change over time, so it’s important to review your umbrella policy regularly. Make sure that you still have the right amount of coverage and that your policy covers the types of risks that you’re now facing. For example, if you’ve recently acquired a new asset, you’ll want to make sure that it’s properly covered. Reviewing your policy regularly will help you make sure that you’re always getting the protection you need.

3. Know What’s Covered

It’s also important to ensure you understand what’s covered by your umbrella policy. Many people are surprised to find out that their policy doesn’t cover certain types of risks. Make sure you’re aware of the limitations of your coverage so that you can be prepared in the event that something happens.

Contact Us Today

An umbrella insurance policy can provide important protection for you and your family. However, it’s important to make sure that your policy is effective. By following the tips above, you can help ensure that your policy provides the coverage you need. Willis, TX residents can contact Melvin Gessner Insurance Agency for more information about umbrella insurance. Our team is here to help you find the right policy for your needs.

What Are The Waiting Periods For Flood Insurance?

Flooding is one of the most common natural disasters in the United States. Every year, floods cause billions of dollars in damage and claim dozens of lives. If you live in a high-risk area, it’s important to have flood insurance. The question is, what are the waiting periods for flood insurance?

Here is how to navigate the waiting periods and get coverage:

Federal Flood Insurance Waiting Periods

You can buy flood insurance through the National Flood Insurance Program (NFIP). This insurance policy has a waiting period of 30 days from your purchase date. If something happens during what is known as the blackout period, you’ll not be covered.

Private Flood Insurance Waiting Period

Private flood insurance policies have different waiting periods depending on the insurer. Some insurers will have a waiting period of 14 days, others have a 30-day period, while others might not have one at all. The thing is, you need to ensure you get your policy from a reputable insurer like Melvin Gessner Insurance Agency in Willis, TX.

Which of the Two Should You Get?

It all depends on your needs and budget. If you feel like you’re in a high-risk area,  then getting a private policy with a shorter waiting period is ideal. At Melvin Gessner Insurance Agency, we can help you get the right flood insurance policy that will protect your home. If not, the NFIP policy might be a better fit for you.

Contact Us Today

There you have it. These are the waiting periods for flood insurance. If you have any questions or would like to get a quote, Melvin Gessner Insurance Agency in Willis, TX is here to help. Give us a call today, and we’ll be more than happy to discuss your flood insurance needs.

Two Types of Life Insurance

If you need life insurance, there are two main types to choose from. These are term life and whole life. Each of them works very differently, so it’s important to know the differences between them. When you need to get a life insurance policy of your own, call us at Melvin Gessner Insurance Agency in Willis, TX. 

Two Types of Life Insurance

Whole Life Insurance

Whole life is a type of policy that stays in effect for the rest of your life as long as you keep paying the insurance premiums. When you keep the policy, it doesn’t expire. It keeps protecting you no matter what your age. This type of life insurance is more expensive, but it comes with a helpful benefit. When you keep the policy for a few years, a small amount of the part that you pay in premiums will accrue a cash value. When this happens, the cash value continues to grow over the years. When there is a cash value there, you can borrow against that amount if there is a need for it. This can help you in financial emergencies. 

Term Life Insurance

When you have a term life insurance policy, the insurance is only good for that term. This may be 20, 25, 30 years, etc. Once this term is completed, the insurance expires. When this happens, you have to reapply for insurance in order to be covered again. One of the benefits of this type of life insurance is that is less expensive than whole life policies. Many people choose it because it can be very reasonably priced for those who are in good health. And, the policy price stays the same throughout the term. 

Get Your Policy

When you have a family, it’s important to have life insurance. Call us at Melvin Gessner Insurance Agency in Willis, TX.

What to Do When Driving and NWS Issues a Hail Warning

Living in Willis, TX, you’ve probably become used to the changeable weather. Thunderstorms seem to just develop out of a clear blue sky at times and they bring hail with them. At Melvin Gessner Insurance Agency, we want you to remain safe during the storm, so here’s a quick primary on what to do to stay safe when a thunderstorm with hail develops while you’re out running errands. 

What to Do When Driving and NWS Issues a Hail Warning

In TX, dangerous weather such as hail, thunderstorms, flash floods, and tornados occur frequently. When you’re running errands or traveling, and conditions change, you need to know what to do and when. When it comes to a thunderstorm warning that includes a hail warning, you need to seek cover immediately, not just for yourself but for your vehicle, too.

Hail in Texas can reach the baseball and softball sizes, although golf ball-sized hail happens more frequently. These round bits of transparent ice or transparent and translucent ice pummel everything in sight, causing damage to vehicles such as torn fabric roofs, dented hoods, trunks, and broken windshields.

Pull your vehicle over as soon as you find a sheltered area that covers your vehicle when you learn of the hail warning or when the rain starts, whichever occurs first. This cover can be anything from a car garage/parking facility to an overhang gas station covering the gas pump area. The idea is to protect your vehicle and yourself because hail that breaks a windshield drops at a velocity that could also harm you if you remain inside the vehicle.

If you can’t remain at home when weather officials issue a thunderstorm warning with hail then make a plan in advance of leaving your home for places you can quickly reach that cover you and your vehicle.

Contact Us Today

Contact Melvin Gessner Insurance Agency serving Willis, TX for more information about auto insurance and how it can protect you from financial loss when a named peril damages your vehicle.

 

5 Benefits Of Commercial Insurance

Melvin Gessner Insurance Agency serves the Willis, TX community, as well as the surrounding areas. We are committed to helping our clients find the policies they need to protect their assets and live comfortably. We work closely with multiple carriers throughout Texas. This enables us to provide flexible coverage options to our clients. We look forward to assisting you.

5 Benefits Of Commercial Insurance

As a Willis, TX business owner, you’ve likely invested a lot of time and energy into your business. Commercial insurance allows you to protect your investment. All of your equipment and inventory are protected in the event that it is damaged or stolen. You are also covered if one of your customers gets injured while visiting your property. Liability coverage also protects your business if your products cause property damage. While looking over your policy, here are some additional benefits of commercial insurance.

Business Interruption Coverage

Southern weather is unpredictable. The next major storm is always on the horizon, especially during warmer months. If your property is damaged by severe weather, business interruption coverage will assist you. This type of coverage allows your business to continue functioning until the necessary repairs are made and things are back to normal.

Protects Your Employees

Workers’ compensation protects your employees to covering any injuries in the workplace. The coverage helps your business take care of your employees’ medical treatment.

Attract Top Talent

Having a strong commercial insurance policy helps your business attract top talent. You can gain a competitive advantage.

Enhances Your Reputation

A strong commercial insurance policy enhances the reputation of your business, allowing you to attract more customers.

Protects Your Business Against Possible Errors

You can add professional liability coverage, which protects your business from potential litigation if a customer alleges that you provided negligence service.

Melvin Gessner Insurance Agency Will Help You Protect Your Assets

Contact us today to learn more information about commercial insurance.

Common Home Insurance Tips

Melvin Gessner Insurance Agency assists the Willis, TX community. We strive to help our clients find policies that align with their assets. We offer flexible policies that adapt to our client’s needs over the long term.

Common Home Insurance Tips

Your home is one of your most prized possessions. Consider the benefits of home insurance. The policy covers the interior and exterior structure of your home against potential damages. This gives you peace of mind during potential emergencies that any necessary repairs due to a fire or inclement weather are covered. All of your possessions inside the home are covered if stolen or vandalized. If you have luxury items inside the home, you may need to amend your policy to fully cover any damage to those items. Liability coverage protects you if you invite some friends to your home and someone gets injured. Liability coverage also protects you against potential property damage caused by your pets.

You can add alternative living coverage to protect you against the threat of extensive damage. Perhaps a hurricane moves through Texas and your home suffers complete destruction. Alternative living coverage allows you to find another place to stay temporarily while your home is being repaired. It’s also crucial that you perform regular maintenance on your home. While most repairs are covered, there are some situations where you may be left unprotected. Any mold that develops and rodent/termite damage are potential issues that are not covered under your policy. Generally, these issues could have been prevented if you had performed proper maintenance on your home.

Melvin Gessner Insurance Agency Will Help You Protect Your Assets

Give us a call to learn more information about home insurance.