Blog | Travers Insurance

Selecting the right insurance to protect your Missouri condo

Posted on February 27, 2021February 27, 2021 by admin

Owning a condo differs from homeownership in a couple of ways, and those differences are reflected in the different types of policies available for each. Here at Travers Insurance, we are dedicated to providing our Webster Groves, MO area clients with the information necessary to make an informed decision when selecting their condo insurance policy. There can be some points of confusion regarding an understanding of what is and what isn’t covered by a condo association. Yes, that policy will cover some events, but it is imperative to have a dedicated policy for each unit.

Protect your condo with a comprehensive insurance policy

There is one common point of confusion when it comes to condo insurance. While the condo association will take care of maintenance and insurance of common areas and the building structure in most cases, an owner cannot rely on that coverage for their individual unit.

For instance, if there is a flood on another floor and the water damage extends to your unit, it is more likely than not that you will be responsible for repairing any damage. This can be difficult for some condo owners to understand, and rightfully so!

With a comprehensive condo insurance policy, you can rest assured that your unit is protected! Robust policies protect many unplanned events that can be disruptive to your life. When you know that your unit will be back to normal, it gives you great peace of mind!

Find the condo policy that meets your needs.

Clients of Travers Insurance in the greater Webster Groves, MO know that they can rely on us for all of their insurance needs! Call or stop by today to learn more about all the different available condo policies!

Who Needs Life Insurance?

Posted on January 31, 2021February 1, 2021 by admin

Even though life insurance is not obligatory, it is worth getting. It is advantageous and beneficial for certain categories of people. Travers Insurance, serving Webster Groves, MO, has prepared a list of those who can benefit from life insurance more than anyone else:

Breadwinners. If there are family members who depend on you financially, life insurance is a must. It is an income replacement that will support your beloved ones financially if something happens to you.
Single mothers. Statistically, over 40% of American children are born to unmarried mothers. If you are one of them, life insurance is a perfect way to protect your children and provide them with a safety cushion.
Single people with no kids. You may wonder, why does a single person need life insurance? The reason is that it is better to get a life insurance policy as early as possible. The earlier you get it, the less you will have to pay for it.
Business owners. If you are a business owner, you do not want your beloved ones to handle your business debts. It may be a significant financial burden for them. Therefore, it is better to get life insurance that will pay off your debts if necessary.
Stay-at-home patents. Life insurance does not replace the income of stay-at-home parents, but it provides the finances that will be used for covering all the jobs a stay-at-home parent was doing.

If you belong to one of the above-mentioned categories, you should think of getting life insurance. It will provide financial security to your beloved ones and give you peace of mind. If you are looking for a trustworthy insurance agency in Webster Groves, MO, do not hesitate to contact Travers Insurance – we will do our best to answer all of your questions and help you find a policy based on your needs and budget.

What auto insurance is required in Missouri

Posted on December 31, 2020December 31, 2020 by admin

Whether you are a Missouri resident or just driving through, you are required by law to carry some basic auto insurance. Unfortunately, thousands of people are involved in accidents every year who don’t follow the law. That makes it even more important that you, as a responsible driver, have the right insurance to protect yourself. At Travers Insurance in Webster Groves, MO, we have been around for 70 years through three generations. We have survived by providing our customers with personal service they can count on.

Mandated auto insurance is liability coverage and uninsured motorist. Liability protects others from the results of your actions. If you cause an accident, you must have $25,000 for injuries to each person. The total per accident of $50,000 and $10,000 for property damage. Uninsured motorist coverage must equal the bodily injury coverage of your liability insurance. Your lender or lessor will require that you carry additional coverage to protect their vehicle.

Most people count on their vehicles for conducting the everyday business of life. Depending on where you live, public transportation may not be an option. If you own a vehicle but don’t have a loan, you can go without collision and comprehensive. The question is, do you want to? If you can easily pay for any repairs to your vehicle from an at-fault accident, then, by all means, skip the additional coverage. If you are like most people, you don’t have thousands of dollars just sitting around to use for repairs.

Collision pays for your vehicle’s repair after a motor vehicle accident, comprehensive covers for damage due to events beyond your control, storms, theft, fires, etc.

If you have questions about auto insurance coverage at Travers Insurance in Webster Groves, MO, we have answers. Contact us for a no-obligation quote.

Commercial Insurance Requirements in Missouri

Posted on November 19, 2020November 19, 2020 by admin

Missouri Commercial Insurance Options

If you’re in Missouri and you own a small business, there are several types of commercial insurance that you should have. However, there are only two types that the state makes mandatory for certain small businesses. If you need commercial insurance for your small business, call us at Travers Insurance in Webster Groves, MO for an appointment.

Commercial Auto Insurance

In Missouri, all vehicles owned by a business have to have commercial auto insurance policies. This coverage comes with specific minimums for bodily injury liability, property damage liability, and uninsured motorist coverage. It isn’t required to cover personally owned vehicles driven for work reasons to be covered by a commercial policy. However, it is recommended that those vehicles be covered by a policy called hired and non-owned insurance. This is important because personal auto insurance often doesn’t pay for vehicles used for business purposes.

Workers’ Compensation Insurance

This type of commercial insurance is required under Missouri law for any business that has at least five employees, even if they are part-time workers. Certain industries, such as construction, require this commercial insurance to be carried even if there is just one employee of the business. This type of commercial insurance is for paying medical bills if an employee were to get injured or sick at work.

Make Your Appointment

If you have a small business, you likely need the right insurance to keep the coverage legal. Call us at Travers Insurance in Webster Groves, MO to make an appointment to talk to an agent about the commercial coverage you need. An agent can talk to you about the appropriate coverage for your specific business.

Avoiding Claims Using a Water Detection Device

Posted on October 23, 2020October 23, 2020 by admin

Water is fun when you are enjoying it in a pool, lake or ocean – it is not fun when you are experiencing it in your home!!

Water losses can be costly and burdensome, but the good news is most are avoidable through preventative steps and advances in water detection technology. In January 2020, we introduced you to StreamLabs Monitor™, a DIY water detection device option.

StreamLabs uses patented ultrasonic technology with real-time, mobile leak alerts to help mitigate home water damage. The price of StreamLabs begins at $169.

Benefits for our clients:

StreamLabs offers our customers a $30 discount at the time of purchase, when they use your unique agency promo code (provided to you from our agency upon enrollment).

If you are interest in enrolling, please contact our agency at 314-962-2922.

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