Frequently Asked Questions About Manufactured Home Insurance

Manufactured homes include mobile homes and modular units that are prefabricated and assembled primarily in factories prior to being transported to the area where they will be used and lived in. Due to their inexpensive nature, manufactured homes are ideal for individuals who are not yet making a large enough income to purchase a standard home, or who want to save money on mortgage payments. Manufactured home insurance in Texas can help protect mobile home owners from common perils that affect these types of homes. Here are two frequently asked questions about this important type of insurance.

  1. Is it Expensive? – Those who choose to live in mobile home units are often quite concerned about where their day-to-day money goes. It is important to note that manufactured home insurance in Texas is not a maintenance policy and is simply designed to cover dangerous situations that are common to mobile homes. There are not a lot of costly add-on coverage options required for manufactured home insurance, so the monthly cost is kept low.
  2. What Is Covered? – While manufactured home insurance policies differ by insurance provider, most offer the following types of coverage:
    • Owner, tenant, seasonal and rental occupancies
    • Animal injury liability
    • Replacement cost
    • Seasonal units
    • Rental units

Whether you live in a manufactured home or you rent to someone else, manufactured home insurance in Texas is an affordable way to make sure you are not stuck with the entire bill if something should happen to your investment.

Top Three Benefits of Surety Bonds

A surety bond is a three-way contract between the bonding company, you as the property or business owner, and your customer. Surety bonds in New York provide assurance (not insurance) that you will complete the job or provide services as outlined in the contract, up to a specific bond amount. There are many benefits to bonding that you should think about if you are performing work or providing services in any industry.

Limits Fraudulent Companies

One of the benefits of surety bonding whether you are the company or the obligee is that it limits fraudulent companies. When you obtain bonding for a job or a service that you will be performing, that ensures to the client that you will keep your end of the contract up to the amount of the bond.

Maintains Compliance

In many instances, a surety bond is required in order to proceed with work or as part of an insurance policy. Surety bonds are beneficial in this manner in that they help you remain compliant with the terms of your insurance policy or a job contract.

Opens Up Job Opportunities

Many clients and customers will not work with companies who do not provide bonding for their products and services. Others prefer companies that have been bonded. Either way, when you are responding to a request for proposals for work that an agency or another business needs, offering a surety bond for the project will give you an edge over your competition.

When you are looking for a way to obtain more contracts, stay in compliance with the terms of your insurance policy, obtaining surety bonds in New York can provide the answer.

Running a Real Estate Business? Here Are a Few Things You Should Know

Running a real estate business can be both challenging and rewarding. There are few things more fulfilling than helping a client find the ideal property for their personal or professional needs, or sell their property to the right buyer. However, along with the rewards come significant risks, which is true for practically any industry. Even the most careful and attentive real estate firms and professionals sometimes make mistakes — and those mistakes could cost them a significant amount of money if they do not have real estate professional liability insurance.

Common Claims Faced by Real Estate Professionals

Professionals working in the real estate industry are often faced with the following types of liability claims:

  • Discrimination
  • Failure to recommend a reasonable price
  • Failure to disclose material facts
  • Delays in transaction closing
  • Slander or libel
  • Failure to make accurate reports or provide documentation
  • Failure to thoroughly inspect a property

Real estate professionals simply cannot predict when they may face an unexpected lawsuit due to a real or perceived error. A comprehensive real estate professional liability insurance policy is essential if real estate businesses want to keep themselves protected from catastrophic financial loss.

Professional liability coverage can take care of legal defense costs and indemnification so that one claim does not take your entire real estate business down. If you do not currently have reliable real estate professional liability insurance coverage, talk to an insurance agent today and secure a policy.

Get Educated About Small Business Insurance

According to a recent survey by Hiscox, 10 percent of small companies are involved in a lawsuit with negative consequences. If you rely on your insurance to cover this risk, you need to know where you face getting sued and what your policy covers in case you do. Your insurance agent is a resource that provides education about small business insurance in Virginia so that you can make good decisions about which coverage manages your liabilities most effectively.

Most businesses operate within a tight budget. Your insurance agent can help you stay within your budget while protecting what you’ve worked so hard to build. Use the resources they have to be proactive and avoid lawsuits before they happen. Much as with any purchased item, cheaper isn’t always better. Your agent can help you compare different policies to find the one that gives you peace of mind.

Ask your agent who manages your small business insurance in Virginia to help you understand potential threats. Insurance isn’t just about fixing a problem after it happens, it’s about preventing the need for insurance. You can’t avoid every accident in your business, which is why you maintain your policy. However, you can do what you can to keep some accidents from happening. Work with your insurance agent to get educated not just about insurance but about pitfalls that threaten your livelihood.

How to Procure Effective Insurance Email Lists for Your Sales Team

So, your email marketing plan is failing. You send out information, but there is no response. Sales aren’t going up, and the time you have put into the campaign seems to be a total waste. Is that where you are?

So many insurance companies find themselves at the crossroads of this predicament. The most common problem harkens back to insurance Email lists. Where did you get your list? What are you sending?

Effective 360 Communications

In today’s busy world, customers have become adept at tuning out information. Most likely, that is where your Email has ended up – in the spam folder of a potential client’s inbox. When you partner your strategy with blended online marketing tools, however, you can leverage your insurance customer database for success.

Hit Your Target

Without the proper Email addresses, your company is at a disadvantage. You need to ensure that your customer database has all of the information needed to perform cross-selling and up-selling strategies, while growing your business exponentially.

An Email append program will allow you to match your list up with a master database. In some cases, these can guarantee up to 80 percent accuracy and exponentially improve bounce and response rates. When your insurance Email lists are right, you can improve customer retention, enhance quality and cost effectiveness for your marketing team, and generate faster sales by offering a better target on each individual you contact.

Types of Insurance Needed for the Hospitality Industry

Insurance for hospitality industry differs from the kind of insurance that might be needed for other establishments. Restaurants, bars, comedy clubs, entertainment venues, nightclubs and similar places of business need to review their coverage policies to ensure that they are protected against anything that could happen.

General Liability

General liability insurance should be obtained by most companies since it protects the business against any injuries or damages that occur on company property. This includes coverage for personal injury or loss of data.

Assault & Battery Insurance

When you are dealing with the public, you never know what might happen. Whether you own a bar or music venue, a simple misunderstanding between two guests could result in a physical altercation, and that could ultimately lead to a lawsuit against your establishment. You should consider this type of coverage if your place of business serves alcohol, is open late or has live entertainment.

Liquor Liability Insurance

This is a necessity for any place that serves alcohol. If someone ends up drinking too much, then your bar or restaurant could be held liable for any property damage or injuries that occur.

Above all else, it is important to assess every possible action that can happen at your company. Insurance for hospitality industry is there so that you are protected from the unforeseen events. It is always better to be safe than sorry.