Author: WIN Admin

Louisiana Gas Station Insurance

Posted on by WIN Admin

Louisiana Gas Station Insurance – Some of the Best Rates You’ll Find Anywhere!

Louisiana Gas Station Insurance

For some of the best rates you’ll find anywhere on Louisiana Gas Station Insurance, call us at 337-824-4455 Monday through Friday between the hours of 8:00 AM to 4:30 PM CST (lunch break between 12:00 PM to 1:00 PM).

As an independent insurance agency in the state of Louisiana, Jeff Davis Insurance is capable of securing among the best rates and coverage available for our clients.

To request a free quote online, click on a location below nearest to your area:

Insurance for Gas Stations Louisiana – Recap

In previous entries, we learned that back when Pete purchased his current business insurance policy for his restaurant he did not add the optional crime endorsement.

Consequently, he was not covered for the theft of his deposit at gunpoint.

In last week’s entry, we also learned that even if he had had a crime endorsement on his policy, the coverage for his deposit would have been negated by his decision to stop at the gas station while on the way to the bank.

Understandably, Pete is not taking all this bad news very well.

But what about the gas station owners? How did they fare after the robbery?

Let’s find out.

Louisiana Gas Station Insurance – Insurance Scenario Part 9

This week: name owner of gas station (good name), explain how their policy covers them, had $1000 in register, covered by their crime endorsement in contrast to Pete who had $5000 that wasn’t covered,

Rob Hayes is the owner of the Stop n’ Rob’s corner store, the gas station that was robbed recently.

Rob’s daughter is the gas station attendant who was held up during the robbery and forced to open the cash register.

In all, the thieves stole a little over $3,500 from the cash register. Because Rob purchased a crime endorsement on his business insurance policy, however, his insurance company reimburses him for the stolen cash.

Contrast this with the $5,000 that was stolen from Pete that cannot be reimbursed and you can start to appreciate the importance of a crime endorsement.

Next week, we will begin to discuss other aspects of Rob Hayes’ property insurance. Don’t miss it!

Affordable Gas Station Insurance in Louisiana is Easier Than Ever To Obtain!

If you are in the market for affordable Louisiana Gas Station Insurance or Louisiana Convenience Store Insurance then you really need to call us right away!

Call us today by dialing 337-824-4455 and ask about the great low rates available for Gas Station and Corner Store Insurance in Louisiana.

Alternatively, click below to launch our simple online quote request form available 24/7:

Louisiana Convenience Store Insurance

Posted on by WIN Admin

Incredible Low Rates on Louisiana Convenience Store Insurance!

Louisiana Convenience Store Insurance

If you own gas stations, corner stores, and convenience stores then we need to speak to you right away about the incredible low rates now available for Convenience Store Insurance in Louisiana!

To find out how much money you may be able to save on your Louisiana Gas Station Insurance premiums, contact one of our friendly agents today at 337-824-4455.

We are open for business from 8:00 am to 4:30 PM CST, with a lunch break from noon to 1:00 pm.

You can also request free quotes and information by filling out our online form, available 24/7 when you click one of the options listed below near your area: 

Insurance for Convenience Stores Louisiana – Recap

Previously, Pete happened to be inside a corner store when two robbers entered. In addition to stealing from the store, they also mugged Pete and took his restaurant’s deposit money, a sum of over $5,000.

Insurance for Convenience Stores Louisiana – Insurance Scenario Part 3

The robber at the front counter hastily pulls the money tray out of the register, empties it into his bag, and makes for the doors. The robber who stole Pete’s deposit hesitates before following. He scoops an armful of beef jerky sticks with his free hand, then sprints out the front doors.

The two hop into their getaway van and peel out of the parking lot. Moments later, Pete can hear sirens approaching.

Pete picks himself up off the floor and calls out to the cashier.

“Hey, are you alright over there?” Pete asks shakily. He realizes he’s trembling from the experience.

After a brief pause, the cashier pops her head up over the counter.

“Ye- yeah, I’m okay,” she squeaks. Pete can hear the nervousness in her voice, too. “How about you?” she asks him in return.

“I’m not hurt,” Pete says. But my pocket book is, Pete thinks to himself, grimly.

The cashier, who introduces herself as Jenny, calls 911 to report the incident.

While they wait and begin to recover from the shock of what happened, they wonder aloud to each other whether they will be able to recover the money that was stolen from them.

Jenny tells Pete that her parents own the store so she’s not sure what their insurance covers, but that it may be possible that Pete’s stolen deposit will be covered by the store’s insurance policy.

A short while later, the police arrive, lock down the scene, and take statements from Pete and the gas station cashier.

After the ordeal is over, Pete calls his insurance agency to file a claim.

How will the insurance companies respond to this event? Find out in a future article.

Contact Us Today To Start Saving on Convenience Store Insurance in Louisiana!

Call 337-824-4455 or click on your location below to request a free quote online:

Restaurant Insurance Lafayette LA

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Restaurant Insurance Lafayette LA – Great Rates Are Within Your Grasp!

Restaurant Insurance Lafayette LA

Great rates on Restaurant Insurance in Lafayette La are so close you can almost taste them (pun intended).

If you call our office at 337-824-4455 weekdays before 4:30 PM CST (lunch break between 12:00 and 1:00 PM), a licensed agent will be happy to assist you with free Lafayette Restaurant Insurance quotes, answer any insurance questions you may have, or provide you with helpful information.

Another great way to request free quotes from multiple companies offering Louisiana Restaurant Insurance is filling out our simple online quote request form available 24 hours a day.

To access the form, just click the option below closest to your location:

Lafayette Restaurant Insurance – Part 30: Recap Part 2

This week we will continue to summarize the events that have transpired in our fictional account of Pete Ross and his fledgling restaurant.

We left off last time with Pete looking for a way in which he could keep his monthly premiums low while also insuring his newly-purchased building.

Tracy tried to find a workable solution for Pete that would allow him to insure his property while also keeping a manageable monthly rate.

She told him that the best option available was to set Pete up with a $500,000 insurance plan for the property, which is half of the recommended coverage amount of $1,000,000.

This option would mean lower monthly payments for Pete, but the catch is that the property policy has a coinsurance clause.

Coinsurance, Tracy explained, is the percentage of the building’s value that the insurance company requires you to insure before a penalty is applied.

The policy requires an 80% coinsurance. Since 80% of a million dollars is $800,000, and Pete will only be insuring it for $500,000, he will be penalized in the event of a claim.

In a nutshell, if Pete’s property suffers a loss and the insurance company agrees to cover it, he will still have to pay over half of the costs.

Pete only had ears for a lower monthly payment, however, so he elected to go ahead with this plan even though it was against Tracy’s better judgment.

Not long after that, a drunk driver crashed his dump truck into the side of Squeaky Pete’s Pork Emporium, causing massive damage.

The firm providing insurance for the dump truck paid Pete over $250,000 for the incident, but they also sued the bar that the dump truck driver came from just before the crash.

In a future article, we’ll give a synopsis of the final events in the story.

Restaurant Insurance Lafayette LA – Contact Our Brokerage Right Away.

337-824-4455 is the number to call when you need better rates and coverage on Business Insurance for Restaurants.

Contact Our brokerage today or click below to access our online quote form:

Restaurant Insurance Shreveport

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Restaurant Insurance Shreveport – Affordable Coverage to Protect Your Business!

Restaurant Insurance Shreveport - Pixabay

At Jeff Davis Insurance, we offer affordable Restaurant Insurance in Shreveport to protect your business financially. 

As an independent Louisiana brokerage, we have the ability to scour the business insurance marketplace for the very best coverage and rates being offered by our insurance partners on Business Insurance for Restaurants in Shreveport, New Orleans, Baton Rouge, and throughout the state. 

To find out more about the kinds of rates and coverage for which you qualify, why not give us a call at 337-824-4455? We’re open Monday to Friday from 8:00 am to 4:30 pm, with a lunch break between noon and 1:00 pm. 

Did you know you can also request free quotes online? To get started, just click one of the locations listed below closest to your area: 

Shreveport Restaurant Insurance – Story Recap 

Recently our story has taken a detour to follow the exploits of “Big” George Jowlsby, the owner of a bar down the street from Squeaky Pete’s Pork Emporium. 

George’s bar has been named in a lawsuit for over serving a dump truck driver who proceeded to crash his vehicle into the side of Squeaky Pete’s Pork Emporium. 

When George learned that he had no liquor liability coverage to handle the lawsuit, he took some shady advice from his former attorney and hatched a plan to hide his business assets. 

To pull this off, he enlisted the help of his girlfriend, Veronica. 

She had plans of her own, however, using the money to fly herself to Florida and hop on a cruise for one. 

Restaurant Insurance in Louisiana – Coverage Scenario Part 24 

The next morning, George starts making some phone calls to hire a civil defense attorney to defend against the insurance company lawsuit. He finds one he likes (he’s cheaper than the rest) and they set up an appointment the next day to discuss their official response to the lawsuit. 

He then calls Veronica to make sure everything went smoothly with the bank transfer. 

She doesn’t answer.

He sends a text message, than another, and another, with no response.

Finding that a little odd, George decides to drive over to Veronica’s apartment and check on her in person because she works the graveyard shift at the local factory. 

He knocks on her door and rings the doorbell for a few minutes, but there’s no response. 

Panicking, he jogs to the landlord’s office. He sees the leasing manager, an older man named Philly, sitting behind a desk reading a magazine. George quickly gets his attention by clearing his throat loudly. 

“Hey pal, have you seen my girlfriend in apartment B2?” George asks, speaking fast. ” She’s not answering the door.”

Philly is a bit startled by George’s sudden appearance. “Apartment B2… you mean Veronica?” 

George nods briskly. 

“Well, who did you say you were? I’m not sure I should be telling you this but you’re the boyfriend, right?” Philly nervously questions without expecting a response.

“Uh, she stopped by yesterday afternoon and said she wasn’t renewing her lease. She paid the last 3 months of rent in cash and said she was moving out of town.” 

George is speechless. He turns a very deep shade of crimson red almost instantly after processing what Philly just told him.  Philly gets the subtle impression from George’s demeanor that he just might be about to become this very LARGE and ANGRY man’s punching bag. 

George’s phone suddenly rings, diffusing the situation at least for the moment. George looks at the number on his caller ID but doesn’t recognize it. 

“Veronica, this had better be you, girl!” George thunders, causing Philly to shrink back. 

It’s not Veronica. It’s his new civil defense attorney confirming his appointment tomorrow. 

Stay tuned to find out what happens next time. 

Shreveport Restaurant Insurance – Quality Coverage and Quality Service! 

For great coverage and even better customer service, there’s no better choice than Jeff Davis Insurance. Give us a call today to find out more about our Shreveport Restaurant Insurance programs, or click below to request a free quote online 24 hours per day: 

Liquor Liability Insurance Louisiana

Posted on by WIN Admin

Liquor Liability Insurance Louisiana – First-rate Coverage Plans Are On the Market! 

Liquor Liability Insurance LouisianaShopping for Liquor Liability Insurance in Louisiana?  It’s an extremely important coverage to add to your existing Business Insurance. 

Call and speak to our licensed agents right now by dialing 337-824-4455. You can reach us Monday to Friday 8:00 AM to 12:00 PM and after lunch from 1:00 PM to 4:30 PM CST. 

If you have found us past normal business hours you’re still able to request a free quote. Just choose an area from the specific locations listed below in order to make a free information or quote request 24 hrs. a day: 

Louisiana Liquor Liability Insurance – Story Recap 

In our last article following Squeaky Pete’s Pork Emporium, the insurance company responsible for Lucky Chuck’s Haul and Dump‘s commercial auto insurance discovered some important information. 

They are convinced that the bar served Chuck too much alcohol, and therefore the bar is liable for the accident that decimated Pete Ross’ restaurant. 

They file a lawsuit under this reasoning and serve it to the owner of the bar. 

Liquor Liability Insurance in Louisiana – Coverage Scenario Part 19. 

The bar being sued by the insurance company is owned by a feisty guy named “Big” George Jowlsby. 

Big George comes storming into the bar first thing in the morning before open hours and lays right into Mike, the bartender. 

“Mike!” he screams, “My bar just got sued by some insurance company, and you’re listed as one o’ the defendants!  What the heck is goin’ on here?” 

“Whoa, whoa, settle down, Big George,” Mike responds, a little confused. “I don’t know nothin’ about no lawsuit.” 

“You don’t know nothin’, eh?” Big George shoots back. “Well, it says here that some schmuck was over served in this establishment and then crashed a dump truck into that delicious Pork Emporium up the road from here.” 

Mike’s eyes widen as he remembers watching helplessly as a drunken dump truck driver drove away from the bar. 

“Ah, so you do know something about this, eh, Mike? Have you been over serving my customers?”

“I… I didn’t mean to let that happen, Big George” Mike tries to explain. “The guy must have been sneakin’ drinks from other customers or somethin’. And then, one second he’s in his seat and the next he’s stumblin’ out the door. I tried to stop him, George, I swear I did. But I was too late.” 

“So you promptly called the police and warned them about a drunken man operating a six-ton dump truck, right?” 

Mike doesn’t know what to say. 

“And I loved that pork restaurant, Mike,” George adds. “You’re fired.” 

After the incident, Big George calls up his insurance agent to find out what his options are. 

What will he learn? Find out next time in part 20. 

Liquor Liability Insurance Louisiana – Contact Our Bureau Without Delay. 

Call Jeff Davis Insurance right now at 337-824-4455 to find great options on Liquor Liability Insurance in Louisiana. If it is after hours, send us a request for information or quotes by clicking a link below based on your closest location:

Restaurant Insurance Baton Rouge

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Restaurant Insurance Baton Rouge – Affordable Rates from Top Companies! 

Restaurant Insurance Baton RougeIf you are searching for affordable Restaurant Insurance in Baton Rouge then call Jeff Davis Insurance at 337-824-4455 today. We offer free quotes with great rates on Baton Rouge Business Insurance for Restaurants from top-rated companies.  

Our office hours are Monday through Friday 8:00 AM to 12:00 PM and 1:00 PM to 4:30 PM CST. 

Click an option below to launch our free online quote request form.  

Baton Rouge Restaurant Insurance – Story Recap  

In part 11 of our continuing series following Pete Ross, owner of a restaurant called Squeaky Pete’s Pork Emporium, Pete received a real bombshell. 

He was informed by his insurance agent, Tracy, that his current restaurant insurance policy will soon be canceled by the insurer due to Pete’s excessive claims activity. 

Pete was understandably perplexed, so Tracy explained to him from a business perspective why the insurance company came to that decision. 

Pete eventually sees her point and then asks what his options now are. 

Tracy tells him she’ll see what she can do for him. 

Business Insurance Baton Rouge – Coverage Scenario Part 12 

Tracy gets to work finding another insurance company who will be willing to insure Pete for Squeaky Pete’s Pork Emporium before Pete’s current policy ends. 

A couple days later, Tracy gives Pete a call. 

“Hi, Pete.” 

“Hi, Tracy,” Pete replies. “What have you got for me?” 

“I have good news and I have bad news, Pete,” Tracy answers, reservedly. 

“I could use some good news right about now,” says Pete with some exasperation.

“Well, the good news is that I did manage to find one insurance company willing to insure your restaurant.” 

“That’s great!” Pete exclaims excitedly, seeming to forget that bad news is about to follow. 

“The bad news,” Tracy continues, “is that even though the company is willing to allow you to make monthly payments, your premiums with this new company are going to increase from $5,000 for the year to about $14,000.”

Pete almost has a heart attack. His premiums nearly tripled in the space of a single year!

While Pete struggles with the news, Tracy does her best to explain why his premiums are so much higher. 

“Pete, you have to look at it from the new company’s viewpoint. They are willing to insure you. Remember, Pete, you only paid $5,000 to your previous company for the entire year while they paid out $150,000 for multiple claims.”

Tracy pauses while trying to be tactful with Pete.

“To be honest, every company to whom we submitted your account turned you down because of your claims. I’m sorry, Pete. This company is your only option.”

After this all sinks in, Pete has a question for Tracy. 

“Would I, by any chance, be able to get a discount on my insurance if I were the owner of my building?” 

“Why do you ask?” Tracy inquires before answering. 

“The owner of the building I am leasing is filing bankruptcy and wants to sell it to me at a pretty cheap price so I agreed to buy it. In fact, next Tuesday we are scheduled to close the deal, so if I buy more coverage can I get a discount?” 

“What are you buying the restaurant for?” Tracy responds. 

Pete relates this information to Tracy. She promises to revise her quotes, now including coverage for the building, and get back with him.

Tracy gets the adjusted quotes and calls Pete two days later. 

In our next article, we will learn what Pete’s options now are for the revised quotes.

Baton Rouge Restaurant Insurance – Let the Specialists at Jeff Davis Insurance Help You. 

The business insurance specialists at Jeff Davis Insurance are ready to help you find the very best rates and coverage being offered for your Louisiana Restaurant Insurance needs. 

Call 337-824-4455 or request a free quote online by clicking one of the locations below:  

Business Insurance for Restaurants New Orleans

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Business Insurance for Restaurants New Orleans – Free Quotes Available 24/7

Business Insurance for Restaurants New OrleansFor free quotes on Business Insurance for Restaurants in New Orleans, the place to call is Jeff Davis Insurance.

Jeff Davis Insurance is an independent insurance agency in Louisiana offering affordable rates on Restaurant Insurance in New Orleans, Baton Rouge, Lake Charles, Kenner, Bossier City, and throughout the pelican state.

If you’re interested in saving money on your restaurant insurance then call us today at 337-824-4455 Monday through Friday before 4:30 PM CST.

You also have the option to click a location below to use our online quote request form available 24/7:

Business Insurance for Restaurants New Orleans – Story Recap 

Today we continue the story of restaurant owner and entrepreneur Pete Ross as he navigates the pitfalls of opening and running his new restaurant, Squeaky Pete’s Pork Emporium.

During the short lifespan of his restaurant, Pete has had to deal with losing his entire stock of food due to power loss, a lawsuit from a customer who slipped on oil and injured himself, and an employee who was badly burned in a kitchen accident.

All the while, Pete’s insurance agent Tracy has advised him on what his insurance does and does not cover, as well as the available optional endorsements that would extend coverage for claim events that might otherwise not be covered.

Half a year goes by without any problems, until one day a grease fire is ignited in the kitchen.

Let’s find out what happens next…

New Orleans Business Insurance for Restaurants – Coverage Scenario Part 8

If you recall, Pete hired a company to clean his grease traps each week. However, Pete did not notice that the company had not come by in a while to empty them, so they became jam-packed with grease.

Grease traps can and do catch on fire, and that’s exactly what happened to one of Pete’s grease traps on a busy Saturday evening. Alvin, one of the restaurant’s part time waiters, was walking by just as the fire broke out and takes immediate action by dumping a pitcher of water on the fire!

Unfortunately that was the wrong move for a grease fire. Now the small fire has quickly become a much bigger one, causing all of the kitchen staff of Squeaky Pete’s Pork Emporium to frantically exit the kitchen in a panic.

Immediately the fire alarms go off causing what could be best described as a chaotic stampede of customers rushing for the door.

Ginger, one of the older, more experienced waitresses, rushes to the kitchen and grabs a Class B fire extinguisher. She douses the flames and before long they have died down.

One of the customers outside called 911, and fire trucks pull up a few minutes later as Ginger walks out the door carrying the empty fire extinguisher.

Pete had run down to the local Costco to pick something up and arrived 10 minutes after Ginger doused the grease fire, only to see customers milling in the parking lot along with two fire trucks and firemen rolling up their hoses.

Pete begins to wonder if he’s cursed. He thinks to himself, “fire should be covered by my insurance.”

By now he has Tracy on speed dial. She’s not in the office right now, of coursde, but he leaves a message stating that he needs to file another claim.

What will Tracy have to say about this one? Is a fire claim covered by Pete’s’ insurance? Find out next week!

New Orleans Restaurant Insurance – Our Agents Are Standing By!

Dial 337-824-4455 to speak to an agent over the phone or click one of the links below to launch our free online quote request app:

Restaurant Insurance Louisiana

Posted on by WIN Admin

Restaurant Insurance Louisiana – Announcing New Programs with Excellent Rates in Louisiana! 

Restaurant Insurance LouisianaAre you the owner or soon-to-be owner of a restaurant in Louisiana? Are you searching for affordable coverage for Restaurant Insurance in Louisiana?

No matter if you are a brand new business enterprise or a veteran of the culinary industry, the agents of Jeff Davis Insurance can help you find the insurance protection you need at unbeatable prices.

Give us a call today at 337-824-4455 before 4:30 PM CST and we’d be happy to speak with you.

Have you found us after normal business hours or on the weekend? No problem at all. To request a Restaurant Insurance quote electronically, simply click one of the locations listed below to launch our free online quote request form: 

Restaurant Insurance Louisiana – Story Recap

In a previous article we were introduced to Pete Ross. When Pete was given an ultimatum by his extremely wealthy parents to figure out what he wants to do with his life, he convinced them to float him a loan in order to open a restaurant.

They agreed, but they also made it clear that after this loan it will be sink or swim for Pete.

Pete found a location, acquired an insurance policy, stocked his freezer with food, and all the other preparations that come along with opening a new restaurant.

He then took off on a vacation for a few days before the opening day of his business.

Upon returning he discovered that a storm had knocked out power to his building, resulting in an almost complete loss of his stores of ingredients.

In spite of this setback, Squeaky Pete’s Pork Emporium’s opening day is a big success. It’s only after that first weekend that Pete remembered that his restaurant insurance policy just might cover food spoilage.

Now that we’re all caught up, let’s see what happens next.

Restaurant Insurance Louisiana – Coverage Scenario Part 2

Pete calls up his agent, Tracy.

“Hey there, Tracy. I have a quick question about my restaurant insurance.”

“Okay, Pete,” Tracy answers. “What do you need to know?”

“Well, my restaurant lost power last week so I lost everything that was being kept in the freezer.

Now, I seem to recall something in my policy about coverage for spoilage. Is that the case?” Pete asks hopefully.

“I’m afraid that’s not the case, Pete,” Tracy replies with regret. “You probably remember something about it because I recommended you purchase an optional coverage endorsement back when you set up your restaurant policy. Your Restaurant Insurance Policy does not extend coverage for spoiled food, but there is an optional coverage called Spoilage Insurance that would cover an event like this.”

“Well, I guess I should buy some Spoilage Insurance, then.”

Check in next time to find out what Pete gets himself into next.

Restaurant Insurance Louisiana – You Know the Restaurant Business. We Know The Insurance Business.

As a restaurant owner, you know the ins and outs of the restaurant business. By the same token, we at Jeff Davis Insurance know the ins and outs of the insurance business. Let us put that knowledge and experience to work for you.

Give us a call today by dialing 337-824-4455 to learn how you might be able to save big money on your Louisiana Restaurant Insurance premiums. 

To request a free quote online you need only click one of the links below to be taken to our convenient electronic form:

To start a free quote, click a location listed below:

Garage Keepers Insurance New Orleans

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Garage Keepers Insurance New Orleans – Better Coverage and Better Rates! 

Garage Keepers Insurance New OrleansIf you are interested in purchasing Garage Keepers Insurance in New Orleans or the outlying areas then do not hesitate to call Jeff Davis Insurance right away! 

Call 337-824-4455 to speak to an agent today and start your free quote on New Orleans Garage Keepers Insurance right now. 

Allowing the agents of Jeff Davis Insurance to search the insurance marketplace for you could save you thousands on your insurance!  

You can reach us any time Monday through Friday between the hours of 8:30 AM and 12:00 PM or 1:00 PM and 4:30 PM Central Standard Time.  

Garage Keepers Insurance New Orleans – Claims Scenario Continued… 

Last time, Bill Benson – owner of Benson Trusty Repair Shop – had to tell his long-time customer Sam Jones that the damage to Sam’s car will not be covered by his Garage Insurance Policy.

Instead, Bill promised that he would pay for Sam’s deductible once Sam submitted the claim to his own personal auto insurance.

To refresh your memory, recall that Sam’s Honda Pilot was damaged in a collision while Bill’s mechanic was taking the car for a test drive after replacing the water pump and timing belt.

Because the driver who hit the Honda was found to be at fault and without insurance, it seems logical to assume that Bill’s Garage policy would pay the claim.

Bill called his agent to file the claim but as we learned in our last episode Bill’s policy only extends coverage if Benson Trusty Repair Shop was legally obligated to pay, which in this case it was not— the other party was at fault and therefore liable.

What a mess, especially taking into consideration the fact that Bill’s customer is one of the biggest he has.

So, Sam submits the claim to his insurance company. Fortunately, Sam had full coverage on his Honda Pilot, so the damage is covered.

However, Sam’s insurance agent informs him that he will be charged with a not-at-fault accident which will cause Sam’s insurance rates to go up.

Sure enough, Sam receives an increase on his next renewal and he is mad!  Why, he wasn’t even driving his car when the accident occurred yet now his rates have increased because some fool was driving without insurance.

Even though Bill pays for Sam’s deductible, Sam is understandably upset about his increased rates.

Bill has managed to tick off his best customer because his Garage Policy would not cover the damage to his customer’s car.

Was there another option available that could have helped Bill avoid this entire debacle? We will look into this question in our next article.

Garage Keepers Insurance New Orleans – Call The Garage Insurance Experts Today!

Contact the Louisiana Garage Insurance experts at Jeff Davis Insurance today by dialing 337-824-4455.

Because we are an independent agency we can cherry pick the insurance market for the very best coverage and prices being offered at any given moment.

To start your free quotes call us today or click one of the links below:

New Orleans Motel Insurance

Posted on by WIN Admin

New Orleans Motel Insurance — New Program From A+ Rated Carrier!

New Orleans Motel InsuranceIf you’re looking for a financially sound insurance carrier offering Motel Insurance in New Orleans contact Jeff Davis Insurance by dialing 337-824-4455.

An A+ rated Louisiana Motel Insurance Company is now offering incredible savings for managers and operators of hotels and motels in Louisiana.

This Motel program is available in all major areas of Louisiana and you may request information and quotes by clicking the links below:

Reducing your expenses by finding companies willing to offer a lower rate is a sensible and logical decision, however reducing your coverage to save money may not be such a good idea as is illustrated in our final post involving BestBuy Motels.

New Orleans Motel Insurance— Claims Scenario Number 1 Part 5.

In a previous article we learned the unfortunate results of making a mistake on commercial insurance.

BestBuy Motels owner Emeric Babin’s operation manager Nick Spencer switched BestBuy Motels’ commercial insurance to a new company that included a 90% coinsurance provision for a 30% premium savings.

That 90% coinsurance provision resulted in BestBuy Motels being responsible for paying $1,234,000 out-of-pocket when one of their premier hotels was severely damaged in a fire.

Their previous policy did not have a coinsurance provision, but the new policy did include coinsurance requiring them to insure their hotel to 90% of the replacement cost of the building.

Unfortunately they fell short of that amount and were required to pay $1.2 million out-of-pocket as a penalty.

If you own health insurance you may be familiar with the term coinsurance. A coinsurance on health insurance is not considered a penalty. It is merely the amount of money you share in medical expenses.

However, a coinsurance on a Business Insurance Policy is a penalty, not an intended cost share provision as is true of health insurance.

Why do insurance companies in some cases require coinsurance? We will consider that question right now.

Motel Insurance New Orleans — Why Do Companies Sometime Require Coinsurance?

First of all, let’s address the question of why companies in some cases require a coinsurance (not all companies require coinsurance, by the way).

It is simply to ensure policyholders are purchasing sufficient insurance coverage.

For example, Ben Frank owns a strip mall that he bought through bankruptcy court from a distressed seller for 25 cents on the dollar.

He paid $250,000 for a building worth $1 million. Because Ben is overly cautious with his money, i.e. he is a tightwad. Ben decides that he should purchase sufficient coverage to cover his investment in the property of $250,000, but he wants replacement cost coverage for any minor claims or losses.

Ben cannot find an insurance company willing to insure his strip mall for $250,000 unless he agrees to purchase actual cash value coverage on a basic coverage form.

Replacement cost coverage is normally only available to policyholders that properly insure their buildings. A coinsurance provision protects the insurance company from overpaying on claims and under collecting premiums.

It’s very important to make sure that you do not violate your insurance company’s coinsurance provision. Otherwise you may find yourself in a very precarious financial situation as was true of BestBuy Motels.

Motel Insurance New Orleans — Contact Jeff Davis Insurance for Information on This New Program.

Call 337-824-4455 to speak with the licensed agents of Jeff Davis Insurance about our new program for Motel insurance in New Orleans. You will not regret your decision!

If you find our website after hours click any of the below links to send us a request for quotes and information 24 hours per day: