Why Commercial Insurance Is An Essential Part Of Growing A Business

FB Taylor provides insurance coverage to the Nederland, TX community and the surrounding areas. We work closely with over 30 different carriers to help our clients find the right policies for their needs. We are confident that we can help you protect your most valuable assets.

Why Commercial Insurance Is Essential

The Texas economy thrives on the success of businesses. As a Nederland, TX business owner, you are aware of the difficulties involved in operating a business at a high level. You may have to deal with challenges on a regular basis. Commercial insurance can help alleviate some stress by protecting your business. Here are a few reasons why commercial insurance is essential to the future growth of your business.

Protects Your Investment

Commercial insurance protects your business because it gives you a foundation to lean on when there is an emergency. Let’s say severe weather moves through the area and causes damage to your property. The policy will cover those repairs. You can also add interruption insurance to your policy so that you’ll be covered if you have to shut down your business for an extended period of time. Commercial insurance covers your inventory if it is damaged or stolen.

Flexible Coverage

As your business starts to evolve, you’ll face new risks and challenges. You can amend your policy to add a level of protection that is appropriate for your business. By amending your coverage as your business grows, you reduce the chances of being left unprotected.

Helps Your Business Stand Out

Having a great commercial insurance policy can help your business stand out from the competition. Your business will develop a reputation for having integrity.

FB Taylor Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.  

Common Home Insurance Facts To Remember While Researching Coverage

FB Taylor offers insurance coverage to the Nederland, TX community, as well as the surrounding areas. We offer our clients custom policies to help them manage risks. We have partnerships with over 30 different carriers. We are proud to serve as an independent insurance agency.

Common Home Insurance Facts To Remember

Your Nederland, TX home is one of your most prized possessions. Home insurance allows you to protect one of your most important assets fully. Here is a look at some common home insurance facts to remember while researching coverage.

Personal Items

Home insurance covers your personal items if they are stolen. However, if you have luxury items inside your home, you’ll have to add extra coverage to protect those items if something happens fully. Consider taking inventory of your personal items so that you’ll be aware of their true value if something is stolen or damaged.

Liability Coverage

Liability coverage is a significant part of your home insurance policy. You are covered if one of your guests gets injured while they are visiting your home. If you have any pets, the liability coverage also protects your pets if they bite someone or damage your neighbor’s property.

Structural Coverage

Home insurance covers any structural damage to the interior and exterior of your home. You are fully covered if your home catches fire or severe Texas weather impacts your home. You can add temporary lodging coverage to your policy if your home needs to be repaired. This gives you peace of mind that you’re protected while you find a temporary place to stay until your home is restored.

FB Taylor Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.  

How does condo insurance compare to home insurance?

When it comes to deciding what type of building you want to call home, you will compare homeownership’s pros and cons vs. condo ownership. The differences between detached homes and condos are also reflected in a condo and home insurance. At FB Taylor in Nederland, TX, we are locally owned and operated. Our team works hard to make sure we meet or exceed all of our customer’s expectations.  

When you own a condo, you are not responsible for all the insurance on your unit. The condo association has a master policy that covers parts of it. You are not responsible for the exterior and the common areas. Depending on what type of condo you have, this can be elevators, parking lots, sidewalks, and recreation areas, as well as the roof. You are responsible for the things inside the walls of your unit. Before you decide on a condo insurance policy, be sure to read all the details of the condo master policy. Hence, you understand exactly where their coverage ends. You do not want a coverage gap.

Condo owners should add a type of coverage homeowners don’t need to buy, loss assessment coverage. This will help cover an assessment the condo association requires when an insurance claim goes beyond the maximum coverage. 

When it comes to liability coverage, condo owners only need to pay for coverage within your unit. The condo association covers the common areas. With home insurance, you need to pay for liability insurance for your entire property, garage, and lawn. 

The most similar type of coverage is personal property coverage. It doesn’t matter if you have a condo or a detached home; you have lots of personal property that needs protection. 

Contact FB Taylor in Nederland, TX when you need condo insurance. Our experienced team will help you find the perfect coverage. 

Classic car risk management.

If you own a Classic Car, it is usually not your main means of transportation. You own it because you love it, it is a hobby of yours, or you are thinking about making a business out of it sometimes to drive people to special occasions. So if it is only driven now and again, what type of insurance coverage do you need for your classic car?

FB Taylor Insurance agency in Nederland, TX, recommends that Classic Car coverage is tailored to your unique circumstances to ensure your treasured investment is protected for its full value. It would be best to have full peace of mind and freedom to enjoy it out on the road.

First, your vehicle should have comprehensive coverage required of all road users to protect against specific events like liability, collisions, damage through vandalism or accidental dents, and theft.

You should ensure your Classic Car for an Agreed Value Coverage. Since Classic Cars provide more value than their actual cash value amount that applies to newer, everyday cars, you need to settle a specific guaranteed payout amount with the insurance company. To ensure a fair amount, you can consult an industry-recognized valuation guide or have the car appraised by an independent evaluator. The important aspect of the Agreed Value Coverage is that it represents the full guaranteed value amount and is not subject to depreciation.

The last important part of the policy should state whether the car will be used privately or occasionally hired out for special functions. If that is the case, make sure that your policy is tailored to cover what you need.

If you are in Nederland, TX, the friendly FB Taylor Insurance brokers can help you choose policy options to ensure it provides complete coverage without paying for extra that you don’t need.

What boat owners in Nederland, TX need to know about boat insurance.

Now that you have purchased your boat, you anticipate all the fun you will have onboard with your family and friends. Being out on the water may be fun, but it can be dangerous. Any watercraft is prone to damages, even more so than your car. Hazards like fires, storms, collisions, and lightning can damage your investment in an instant. For peace of mind and to ensure that your hard-earned cash does not sink with your boat if anything untoward happens, it is sensible to take out a boat insurance policy. 

According to FB Taylor Insurers in Nederland, TX, it is not compulsory to take out a separate policy to insure your boat. Some home owner’s policies will cover repairs to structural damage of boats. They may even include damage to motors, hull, and fixtures. However, one significant element that they do not cover is the liability component included in a specially drawn up boat owner’s policy. 

The boat policy includes liability insurance covering both property damage liability and bodily injury liability. If you accidentally collide with another watercraft, any damages you may be responsible for will be covered by your policy. Similarly, if anything happens on board that results in personal injury to you or your guests, the policy will cover any damages claimed against you in such an accident.

Remember, life is unpredictable on land and even more so on the water. So, instead of worrying about all the things that can go wrong, taking out a boat insurance policy will help you relax and enjoy being the captain of your boat. Before you hit the water, call FB Taylor Insurance to discuss which boat insurance policy will cover all your needs.

Factors to Consider When Buying Auto Insurance

If you’ve ever had an auto accident, you know how important it is to have insurance coverage. Whether you’re a new or experienced driver, auto coverage from FB Taylor can keep you from financial loss. Here are some factors to consider when buying auto coverage or renewing your policy in Nederland, TX.

Your Budget

Auto insurance costs vary depending on your insurer and coverage. Before shopping for insurance, consider how much money you can afford to spend on coverage. Then look for insurance within that price range, so you don’t overextend your budget. As auto insurance is a highly competitive business, you’re bound to find the coverage you can afford if you take time to shop around.

The Coverage You Need

Next, consider what kind of coverage you need, considering the value of your car, your driving record, and your lifestyle. Texas requires that you have minimum liability insurance coverage to pay for damages you cause others in accidents that are your fault. Other types of coverage, like collision, comprehensive, and uninsured motorist, are optional. However, this coverage helps protect your car against theft, vandalism and collision and non-collision damage, so you don’t have to pay repair costs on your own.

Your Driving Habits & Record

Your insurance coverage should be conducive to your driving habits. If you’re a frequent or long-distance driver, you’ll need more protection than someone who only drives to and from local shops as you’re at greater risk of having an accident. By driving carefully and responsibly, you can avoid accidents and traffic tickets, which help drive up insurance costs.

At FB Taylor, we can customize your auto coverage to meet your specific driving needs. To learn more about our policies, contact an FB Taylor agent today. We serve residents in Nederland, TX, and surrounding communities.

How would commercial insurance protect my business?

In the Nederland, TX area, there is a strong and growing population base and a lot of local support for small businesses. This area of Texas can be a great place for anyone to start a business because of these benefits. When you are looking to start or grow a business, you need to get the right insurance in place. A proper commercial insurance policy could protect your business in several ways.

Gives Protection Against Liability Risk

Your commercial insurance policy will cover your business by providing you with coverage against the risk of liability. Business owners will be taking on a liability risk at all times. If there is ever an accident that leads to damages to another party, you could be responsible. With a full commercial insurance policy, you will have the coverage you need to protect against this risk. 

Coverage for Business Assets

A business owner will have to invest some capital to get their company off the ground. When you invest in these assets, you will want to ensure they are properly covered by insurance. With a commercial insurance policy, you will receive coverage that could be used to repair or replace these assets. This could help to keep you solvent if you do incur a loss. 

Many advantages come with getting a commercial insurance policy in the Nederland, TX area. As you are looking for your next policy, receiving guidance from someone experienced and trusting is very helpful. The team at FB Taylor could offer you the guidance and support that is needed to understand your options. With this support, FB Taylor can help you choose a policy that properly protects your small company. 

When should you review your home insurance coverage

When you purchase a home and have a mortgage, you are required to have home insurance. After that, your policy renews every year without you having to do anything. Most policies will increase coverage to keep up with home prices in your area but is that enough? Probably not. You should be sitting down or talking on the phone with your insurance agent to discuss your overage and if it is still right for you. At FB Taylor in Nederland, TX, we are a locally-owned and operated independent insurance agency. 

Basically, your insurance makes sure that you have enough coverage to pay off your mortgage, but there is more to your coverage than that. Your home insurance needs do not stay the same throughout your life and the life of your home. You should review your policy every year and more often than that if there are major changes. 

Major repairs

When you make a major repair to your home, it is time for a review. Has the value of your home increased significantly? Some repairs make a real difference in your home value. 

  • New kitchen
  • Updated bathroom
  • Finish basement
  • Home addition
  • New windows or siding
  • Add deck or porch
  • An additional room

If you replace your roof or add a security system, this is also something to discuss with your agent as they may get you a discount. 

Add a pool or get a dog.

These may sound like two things that have nothing in common, but the reality is they do. They raise the liability level of your home, and you should discuss this with your insurance agent.

Expensive gift

If you get an expensive piece of jewelry as a gift or buy it yourself, you would discuss it with your agent. You may have to get a rider or certainly increase the amount of insurance on your content. 

Many things can affect your home insurance, and it makes good sense to review it every year or more often. At FB Taylor in Nederland, TX, we make your home insurance our business, and we will offer to do a yearly review. Please stop by our office or give us a call to make an appointment for a review. 

Who should get condo insurance?

Those that live in the Nederland, TX area are going to have a lot of different options when it comes to housing. One excellent opportunity to consider is to purchase a condo. When you do buy a condo, you can take advantage of the benefits that come with owning a home while not having the same amount of responsibilities. If you do get a condo, it is usually a great idea to get insurance for it. There are several situations when someone will need condo insurance coverage. 

When Taking Out a Loan

One of the most common situations when someone will need to have condo insurance is when they want to take out a mortgage. Taking out a mortgage is usually one of the best ways to finance a home purchase. If you do take out a loan, you are going to need to abide by the lender’s insurance requirements. If you do not carry this coverage, you could find yourself in mortgage default.

When in an Association

You will also need to get a condo insurance policy if you live in a building with an association. Almost all condo owners are going to be required by their associations to maintain proper insurance. It is essential to follow the rules regarding your insurance needs as you will likely need to provide evidence of coverage at least once per year. 

If you are looking for condo insurance in the Nederland, TX area, you will want to speak with the team at FB Taylor. There are a lot of complexities that come with choosing an insurance policy, including condo insurance. If you need to get a new policy, FB Taylor can give you the advice you need to select an appropriate policy. 

Choose the Right Policy for Your Classic Car

If you have a classic car or antique vehicle of any kind, one of the most important things you can do to protect your investment in that vehicle is to have proper classic car insurance. Just make sure you’re talking to a knowledgeable agent about your policy needs because not every company offers this kind of insurance. You don’t want to end up with something you thought was protecting you, only to find out that you didn’t have the coverage you were counting on. At FB Taylor, we work with clients throughout the Nederland, TX area to ensure they have the right coverage for their classic vehicle needs.

A classic car is a prized possession, and it’s something that you’ve likely put a lot of time and effort into. Because of that, it requires special handling and the right kind of insurance policy to make sure it has adequate protection. A typical auto policy isn’t going to cover a classic vehicle, and as an important asset, you want to protect it and all the concerns you have about its safety. Talking with knowledgeable professionals about everything a classic policy offers is the right way to take good care of your vehicle for the long term.

If you’re in the Nederland, TX area, and need classic car insurance, or you have questions about a policy, reach out to us today at FB Taylor. Our agents will be happy to help you, whether you need a new policy or you want to update or make changes to your existing one. You don’t have to settle for a policy that you hope will protect you when you can choose something that you know will cover your classic car the right way. Then you can enjoy the vehicle and explore the local area in style.