In the event of your passing, does your family have enough money to protect them for years or decades? Don’t leave them without the security a life insurance policy could provide. Travers Insurance, which provides insurance services in the Webster Groves, MO area, can answer any questions you may have about life insurance.
What is life insurance?
It is a contract between the policyholder and the insurance company, in which they agree to pay the designated beneficiaries a sum of money at the death of the policyholder. Depending on the contract, other things such as severe illness can also force payment of the policy. The policyholder pays a monthly premium, either in one lump sum or monthly. Final expenses can be paid with this benefit.
The individuals who need the greatest amount of life insurance would be those with a very high income to replace their income in the event of their death.
The benefit could be used for childcare for younger children, so the surviving spouse can continue to work, go back to work, or increase their number of working hours. Home cleaning and maintenance duties that were shared between the two of you could be difficult for one person to handle. Hiring someone to perform these services would be possible.
Get Life Insurance Today Outside Of Your Job
If you have a job that currently provides life insurance coverage, what would happen if you lost that job? The life insurance coverage will be lost too.
Don’t risk your family’s security. A life insurance benefit can ensure their future for years to come. And you can rest easy knowing that they will not have to be concerned about where the mortgage payment, car payment, or any other financial responsibility will come from.
Give Us A Call
Our team of experts at Travers Insurance in Webster Groves, MO will answer any questions you have or provide you with a quote to get you started. Contact us today. We’ll be glad to help.
Travers Insurance is here to help the greater Webster Groves, MO community with all of its insurance needs. Buying a new car is a very exciting experience and one that may change your auto insurance needs. Call our office today to find out more.
Upgrade your auto insurance if you buy a new car
When you buy a new car, your auto insurance needs will likely change. Because of the speed at which new vehicles depreciate, it’s important to have adequate protection. In the event that your vehicle is stolen and never recovered, or is declared totaled in an accident, you will need robust protection.
If a new car is deemed unusable due to an accident or theft, the insurance carrier will assign a value to the vehicle. This amount that is paid out to the policyholder can be less than the amount that is still owed to the lender. Unfortunately, this situation occurs quite frequently.
To avoid having to owe your lender money for a car you can no longer use, be sure to upgrade your auto insurance policy to have this gap protection. Without it, you could find yourself in an unwanted financial situation. This is one example of why it is beneficial to work with a local insurance agent. Sitting down with someone to review your needs is very helpful when you are looking for the right auto policy for your needs. Find out more about auto insurance today!
We are here to help
Residents in Webster Groves, MO and the surrounding area can rely on the team at Travers Insurance. If you have questions about auto insurance, we are here to help answer them. Give us a call or come by our office today to learn more.
The Webster Groves, MO area continues to be a good place to run a business. When you are an owner of a company here, the strong economy and population offer a lot of opportunities. As you are looking to build a business here, it is also important that you appropriately consider your insurance needs.
There are various situations when a business here will need to have a commercial insurance plan:
Businesses Raising Capital
A situation when a business in Missouri will need to have a commercial insurance plan is when they want to raise capital. If you are going to run a business, you need to have access to capital. This can come in the form of a loan or money raised from investors. In either situation, the party providing the capital will want to protect their investment. Due to this, they will typically require the business to have a full commercial insurance plan.
Businesses Looking for Coverage
Even if you do not have a direct obligation to carry commercial insurance for your business, having coverage is still beneficial and a good idea. With the right coverage, you can properly cover your business. If you have a commercial plan, it will provide support to replace your core business assets if you incur a loss due to theft or accident damage. It also will offer valuable liability support if your company is named liable in an accident resulting in a loss.
Get Commercial Insurance Today
Commercial insurance continues to be a necessity in the Webster Groves, MO area for many businesses. As you are looking for coverage here, calling the team with Travers Insurance can be helpful. There are a lot of important factors to consider when looking for coverage and Travers Insurance can help you build an ideal policy.
Whether you’re renting an apartment or a home, investing in a renters insurance plan is beneficial for you. Burglaries and fires happen all the time in homes and without renters insurance, it will be tough to finance the repairs. Fortunately, we at Travers Insurance serving Webster Groves, MO do offer renters insurance and could provide the right coverage for your needs.
It Covers your Belongings when Travelling
Anything can happen to your items while traveling. They could be stolen or damaged. Your renter’s insurance plan could help cover the loss of your possessions due to this happening. Other covered losses during your traveling journey could also be covered. Your insurance agent could give you more information on what’s considered "other covered losses."
Liability Coverage is Included
Another benefit of renters insurance- it protects when someone is injured in your home. Liability coverage is another aspect of renter’s insurance. It protects you against potential legal claims you may be obligated to pay. It could also cover unintentional damage caused by you to the landlord’s property. However, it doesn’t cover any negligence or intentional acts that you caused.
It’s an Affordable Policy
Of course, it doesn’t hurt that renters insurance won’t break your bank, too. The National Association of Insurance Commissioners (NAIC) shows that the average renter’s insurance policy is between $15-$30 a month in 2022. In the state of Missouri, the average premiums are between $8-$21 per month. That’s not bad for insurance that’ll cover all of your stolen or damaged belongings.
While it’s not required that you get renter’s insurance as a Missouri resident, you will be safe rather than sorry when getting it for your home. If you’re in the Webster Groves, MO area, contact our Travers Insurance team today.
If you’re an RV owner, it’s important to ensure you have the right type of insurance coverage. There are many different types of RV insurance policies available, and it can be difficult to know which one is right for you.
Travers Insurance offers this guide on navigating the types of RV insurance coverage available and help you decide which one is best for you.
RV Insurance Coverage: What You Need To Know
1. Liability Insurance
This type of insurance covers damages you may cause to other people or property while operating your RV. It is the most basic type of RV insurance and is required in most states.
If you are involved in an accident, liability insurance from Travers Insurance will cover the costs of repairs or replacements up to the limit of your policy. It’ll also cover the medical expenses of any injuries that you may cause to others.
2. Collision and Comprehensive Insurance
Collision insurance covers the cost of repairs to your RV if it’s damaged in an accident. Comprehensive insurance covers the cost of repairs or replacement if your RV is damaged by something other than an accident, such as a fire or theft.
Both collision and comprehensive insurance have deductibles, which is the amount you’ll have to pay out of pocket before your insurance coverage kicks in. Deductibles are typically higher for collision and comprehensive insurance than they are for liability insurance.
3. Full-Timer Coverage
If you live in your RV full-time in Webster Groves, MO, you’ll need to purchase full-time coverage. This type of insurance covers the same things as a standard RV policy, but it also provides additional coverage for things like contents insurance and emergency expenses. Full-timer coverage is more expensive than standard RV insurance, but it is worth it if you live in your RV full-time.
Give Us A Call
Now that you know the different types of RV insurance coverage available, you can start shopping around for the right policy for you. Make sure to compare rates and coverage levels before making a decision. We at Travers Insurance in Webster Groves, MO offer excellent RV insurance rates and coverage levels. Contact us today for a free quote.
Buying your first motorcycle and learning how to ride is always a unique and exciting experience. However, we at Travers Insurance can help Webster Groves, MO residents understand their different insurance policy options and ensure that they are protected for their first drive.
What Your Policy Provides
Typically, motorcycle insurance includes a few different policy options: bodily injury and property damage liability. These are important for first-time drivers because you might end up getting in a crash during your early learning period and hurting other people.
These policies protect you in lawsuits by covering things like medical payments and replacing a person’s vehicle. However, there are other additional coverage options you may want to add to your policy. As a first-time driver, you may want to seriously consider:
- Medical payments for any injuries you might experience
- Collision and comprehensive policies to repair your bike after accidents
- Total loss coverage if your bike is totaled in an accident
- Personal belongings coverage to protect your personal gear
- Motorcycle repair, roadside assistance, and towing options
- Loss of income coverage to protect you during medical care
Each of these different add-on options will increase your premiums a little. However, it is often worth it if you’re learning how to drive a motorcycle and want to be protected. There’s no shame in spending a little extra money to ensure you don’t end up losing cash after an accident or incident.
Finding a Great Policy
As you can see, motorcycle insurance for first-time riders is an important investment that can keep you safe from many different concerns. Please contact us at Travers Insurance if you live in or near Webster Groves, MO and want to get the policy that makes the most sense for your needs as a person.
If you like enjoying your boat in the water, you might wonder whether you need boat insurance. After all, it isn’t a legal requirement in Missouri unless your boat is financed by a lending institution. Like car insurance, boat insurance is a must-have investment if you want to protect your prized asset in Webster Groves, MO. While boat insurance doesn’t come free, it’s often worth the price you pay.
Hereis why investing in boat insurance from Travers Insurance is a good idea.
Is Boat Insurance a Worthwhile Investment?
Protects your boat
Depending on the size of your boat, it can cost thousands of dollars. You can’t take chances with something expensive like your boat. Purchase boat insurance to ensure you are compensated if your boat is damaged or stolen. While boat insurance doesn’t prevent perils, it lessens your financial burden when perils strike.
Covers you against liability claims
While boating in the water is supposed to be fun, mishaps can happen while in the water. You may be at fault for an accident, which may cause bodily injury and property damage to others. Since these liability claims can be expensive, especially when sued, invest in boat insurance to cover such risks.
Provides medical assistance
While boat accidents are rare, they may result in injuries when they happen. Boat insurance covers medical costs for your and other occupants when involved in a boating accident.
It gives you peace of mind
If you want to have the best time on the water, investing in boat insurance is never a bad idea. Boat insurance calms your nerves, knowing that you, your passengers, and your vessel are covered when bad things happen.
Protect your boat today with watercraft insurance
Convinced that boat insurance is worth every dime? Please don’t hesitate to get in touch with Travers Insurance in Webster Groves, MO for all your boat insurance needs.
It’s no secret that flood insurance is a vital part of protecting your home and property from the devastating effects of a natural disaster. But despite its importance, there are many myths and misconceptions about flood insurance that can lead people to make uninformed decisions about whether or not to purchase coverage. Travers Insurance in Webster Groves, MO seeks to debunk five of the most common myths about flood insurance.
5 Common Flood Insurance Myths
Myth #1: Flood Insurance Is Expensive
One of the most common myths about flood insurance is that it is too expensive to be worth purchasing. The truth is flood insurance can save you thousands of dollars in the event of a flood. The average cost of flood insurance per year is a small price to pay for the peace of mind that comes with knowing you and your property are protected.
Myth #2: My Home Is Not in A Flood Zone, So I Don’t Need Flood Insurance
Another common myth about flood insurance is that it is only necessary if your home is located in a designated flood zone. The truth is that floods can occur anywhere, and even homes outside of flood zones are at risk.
Myth #3: My Homeowners Insurance Covers Flooding
Many people believe that their homeowner’s insurance will cover damages caused by a flood. However, most standard homeowners policies exclude flood damage. That means if a flood damages your home, you will likely have to pay out of pocket to repair the damages.
Myth #4: The Government Will Help Me If A Flood damages my Home
While the government does provide some financial assistance to homeowners who suffer flood damage, this assistance is typically only available for major disasters and is often not enough to cover the full cost of repairs.
Myth #5: I Don’t Need to Worry About Flooding If I Live in An Area That Has Never Flooded Before
Just because your area has never experienced a flood does not mean it is not at risk. Flooding can occur anywhere, and even areas that have never flooded before can be at risk for future floods.
Need Flood Insurance in Webster Groves, MO?
Now that you know the truth about flood insurance, it’s important to take action and get covered. Travers Insurance is here to help you find the best policy for your needs and budget. Contact us today to get started!
Travers Insurance understands how hard business owners in the greater Webster Groves, MO area work to sustain and grow their companies. We want to help our local business community members protect their hard work and dedication.
Umbrella insurance benefits.
The benefits of umbrella insurance are manifold. The main benefit, of course, is that it slots into place when your primary insurance policy coverage is exhausted. Don’t be caught unaware of your property insurance policy limits. With an umbrella insurance policy in place, your business can be protected, even if you suffer a substantial loss.
Covered event damages can exceed your policy limits. And, once your primary commercial or property insurance policy has been exhausted, it may fall upon the company or its principal to pick up any remaining liability.
If you don’t want to be held responsible for your firm’s financial obligations, it is worth looking into umbrella insurance. Understanding the many available insurance options becomes much easier with a local insurance partner at your side. There is no reason to go it alone to secure the insurance protection your company needs.
Find out more about how umbrella insurance can provide your company with its protection. There’s no reason to wait until your primary policy has been exhausted to learn more about supplemental coverage.
Find out more about umbrella insurance today!
Here at Travers Insurance, our team aims to serve the business community of the greater Webster Groves, MO area. Call us today if you would like to know more about how umbrella insurance can help protect your business.
Owning a condo in the Webster Groves, MO community is a great way to create a home with less maintenance and stress. However, if there is an incident at your condo unit, Travers Insurance is here to protect you.
Understanding condo damages and protection
When you own a condo you probably enjoy a less stressful lifestyle than homeowners. Even with this lower level of maintenance, it’s important to know what your responsibilities are in the event of damage.
Your condo board will carry insurance that covers the building structure and all of the common areas. You will be responsible for any damage that occurs in your unit.
It is important to review your condo regulations and familiarize yourself with your responsibilities. In many buildings, you are responsible for any damage that occurs in your unit, even if you did not cause the damage.
For example, if your neighbor has a flood in their unit that leaks into your unit and causes damage, you may be responsible. Double-check your condo rules to see if you are responsible for all damage that affects your unit. There may be extenuating circumstances in some situations, but it’s key to learn what your responsibilities are.
Don’t be caught off-guard! Now is also a great time to review your current policy for completeness. Having an appropriate policy with adequate coverage levels can make dealing with any damage-causing situation much less stressful. Don’t wait until it’s too late and find out after an event that your condo insurance policy does not provide the protection you need.
Give us a call today!
If you would like to find out more about the condo unit policy options available in the Webster Groves, MO area, give Travers Insurance a call today.