Restaurant Insurance Lafayette LA

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 Louisiana

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: