Boardwalk Insurance Group | Auto, Home, Commercial, Life and Health Insurance for Residents and Companies in the United States

TAG | texas

Jun/16

21

Why You Need Exotic Car Insurance

Why You Need Exotic Car Insurance 5.00/5 (100.00%) 1 vote

If you drive an exotic car, you know that it is way more than just an investment or sweet ride.  It is your passion that drives you (so to speak) when it comes to owning an exotic car, not your common sense. Chances are, your exotic car is your most prized and valuable possession. Consequently, making sure you are protected against loss by a good exotic car insurance policy, is imperative.

So first let’s talk about what we mean by “exotic car.” The term itself is downright controversial amongst enthusiasts. I tend to think that regardless of how it is defined, most of us know an exotic car when we see one.

According to Merriam-Webster, “exotic” means out of the ordinary.  When it comes to cars here are some of the main differences between exotic and ordinary:

Cost. Exotic cars are more expensive than standard cars.  Way more. A brand new exotic car costs at least $100,000 and some can run up to $400,000 or higher.  There is no such thing as an affordable, new exotic car.

Unique. Exotic cars are either very limited in number or completely one-of-a-kind.  This could mean that they have unique parts that require specific or custom tools.  Or they could have been custom-made to the owner’s exact specifications.  Or, they could have been produced as part of a limited edition to commemorate a special event. Regardless of how or why, there is something about every exotic car that makes it unique or rare.

Speed. Exotic car owners tend to value power and performance over fuel economy. The top speed of an exotic vehicle can thus be quite high when compared to ordinary cars.  A Ferrari’s top speed can be as high as 270 miles per hour. A Bugatti can top 280 miles per hour.

Looks.  Simply put, exotic cars have looks that are out of this world, both inside and out.  Most are equipped with state-of-the-art, chic, stylish interiors and sleek, stunning exteriors.

Parts and repairs. Exotic cars require exotic parts. Exotic car parts almost always need to be ordered from a specialty parts provider and installed by a specialty car repair shop with highly-experienced specialty mechanics.

Servicing. Exotic cars need specialty maintenance and servicing.  These are not cars you take to Jiffy Lube for an oil change.

Due to all of the above, exotic cars pose unique insurance risks.  Accordingly, exotic car owners require unique coverage and protections above and beyond that provided by a regular auto insurance policy.

Consider this.  Do you want to run around finding three estimates for repairing your Aston Martin before your insurance company will authorize the work?  Or, do you want to take your Lamborghini to an insurance company-approved repair shop, and have your adjuster in the middle of it haggling over the price of specialty parts?  No.

Fortunately, there are excellent exotic car insurance providers who understand the special circumstances and expanded needs associated with owning these types of vehicles.  A good broker can help you find one that can set you up with exactly the type of policy and coverage you need.

· · · · · · · · ·

Mobile Home Park Insurance 4.33/5 (86.67%) 3 votes

Owners of mobile home parks lease land to mobile home owners so that they can hook up their home and have somewhere to stay.  Like many other owners of property with tenants, they need insurance to protect them from any property damage or financial liability.

Mobile home park insurance gives property owners an essential level of protection.  Mobile home park insurance includes both property and liability protection from many different perils and situations.

Coverage Features:

  • No liability deductible
  • Assault or Battery coverage is provided at full limits for most accounts
  • Blanket Additional Insured coverage provided for no additional charge
  • No Animal Exclusion used unless prior animal loss history
  • Expanded definition of bodily injury to include sickness or disease caused by mental anguish or emotional distress
  • Full coverage provided for Mobile Home Parks with swimming pools, playgrounds or sport courts
  • Hostile Fire Exception to Pollution Exclusion

Liability Features:

  • Comprehensive coverage via an ISO Commercial General Liability coverage form
  • Liability limits available up to $1,000,000/$2,000,000
  • Additional limits up to $5,000,000 available through our Commercial Umbrella and Excess General Liability products
  • No Liability deductible
  • Blanket Additional Insured coverage provided for no additional charge
  • Coverage for owned units leased to tenants
  • Expanded definition of Bodily Injury to include Sickness or Disease caused by Mental Anguish or Emotional Distress
  • Pollution Exclusion to include Hostile Fire exception

Credits available when:

  • No owned mobile homes rented to tenants
  • No dogs permitted on premises and stipulated within lease agreement
  • Community property owner or manager lives on premises
  • Criminal background checks performed on all potential residents
  • No swimming pool or playground on premises

Property Features:

  • Value Plus-property enhancement endorsement providing 15 optional coverages
  • Equipment Breakdown – Includes free boiler inspection if required in your jurisdiction
  • Special cause of loss and replacement cost coverage is available
  • Older buildings are acceptable with a Functional Building Valuation Endorsement
  • Property Limits up to $1,500,000 available
  • All permanent structures (non-mobile home) can be schedule to policy

Why do you need to purchase a mobile home park product?

  • A tenant’s dog bites a neighboring tenant causing bodily injury
  • Injured claimant alleges park rules and guidelines regarding dogs were not enforced or regulated
  • A guest to the premises falls and sustains a fractured hip

Mobile home park insurance is an essential form of protection that is important to preserve the property owner’s business.

· · ·

Directors and Officers Insurance for Museums and Historical Institutions 3.67/5 (73.33%) 3 votes

Museums and other historical places make great tourist attractions and are trusted as knowledgeable organizations committed to presenting the facts.  Their directors and officers are generally held in the highest regard as experts in their particular fields, giving the institution credibility.

Even experts make mistakes, however when those mistakes lead to potential legal action, it is good to have protection in place.  Directors and officers insurance is protection in the event that directors or officers make harmful mistakes related to their position at their museum or historical institution.  Directors and officers insurance can also include employment practices liability insurance, which also protects in the event that the museum or institution is sued for discrimination.

MUSEUMS & CULTURAL/HISTORICAL INSTITUTIONS

Directors & Officers Insurance

 

Eligible Classes:

Aquariums • Art Museums• Art Galleries

Children’s Museums • General Museums • Health Museums

Historical Museums • Natural History Museums

Science Museums • Specialized Museums

Arboterums • Botanical Gardens

Planetariums • Ochestras • Nature Centers

 

Products / Limits:

D&O • $1MM

EPLI • $1MM

 

Umbrella Insurance Coverage is also available with limits from $1MM – $25MM.

 

• Not getting the attention you deserve?

• We specialize in writing smaller classes!

 

· ·

Seasonal Lot and Seasonal Business Insurance 5.00/5 (100.00%) 2 votes

Seasonal businesses come and go.  Many spring up shortly before a holiday guaranteed to generate big business and shut down right after.  There is no need for them to pay for an entire year of insurance for sometimes only a handful of days of work per year.

Seasonal lot insurance and seasonal business insurance are policies for special, short term businesses.  Some of the most prevalent are the many fireworks stands that pop up the week before New Year’s Day and Independence Day.  Seasonal lot insurance and seasonal business insurance have much of the same coverage and protections as other business insurance policies, however they have features that are designed to accommodate the pricing and coverage needs of these seasonal operations.

Seasonal lot owners are now facing strict requirements by local municipalities, property managers and landlords to show proof of liability insurance for their operations.  A number of general liability loss exposures result from seasonal lot operations that lot owners must be made aware of.   Boardwalk Insurance Group offers our agents the capability of getting a monoline general liability coverage quote quickly on our website at www.boardwalkinsurance.com or over the phone. This is the perfect solution for seasonal lot owners who are looking for coverage to protect their businesses, while also satisfying requirements to show proof of liability insurance.

 

Our product offers several advantages that help make our quotes an easy sale. These advantages include:

•     Primary General Liability limits up to $2,000,000/$3,000,000

•     Blanket Additional Insured included automatically which means there is no charge to add an Additional insured when it is required by a written contract

•     A competitive package quote by providing property coverage in an Inland Marine from which includes theft for no additional premium

•     Competitive and easy to use pricing (flat charge per stand)

•     No liability deductible

•     Hired and non-owned auto liability coverage available

With insured’s facing frequent loss exposures from damage to and theft of their products, a package policy offering general liability and inland marine coverage provides the solution to the numerous insurance needs of a seasonal lot owner.

The need for liability insurance is imperative for any business, even seasonal ones.  That is what makes these seasonal lot insurance and seasonal business insurance policies very attractive to all parties relating to a seasonal business.

· · · ·

Errors & Omissions Insurance (E&O) aka Professional Liability Insurance for Lawyers, Attorneys and Law Firms 4.50/5 (90.00%) 2 votes

All lawyers, attorneys and law firms, no matter how big or small, are required to maintain professional liability insurance coverage.  The cost of this coverage varies on factors such as:

Number of attorneys on staff

  • Types of cases taken
  • Annual revenues
  • Security measures taken
  • Technologies used
  • Methods of advertising and obtaining new clients
  • and much more.

 

Boardwalk Insurance Group is an independent insurance agency specializing in E&O/Professional Liability insurance coverage for lawyers, attorneys, law firms, real estate agents, insurance agents, mortgage brokers, engineers, software developers and more.  Through our network, we are able to get lawyers fantastic coverages with excellent rates.  Our Lawyer Professional Program includes coverage for the following:

 

  • Prior Acts Coverage
  • Predecessor Firm Coverage
  • Consent to Settle
  • Disciplinary Proceedings Reimbursement
  • Coverage for Independant Contractors & Of Counsel Included

We use only “A” rated admitted and non-admitted carriers and have produced significant savings for our clients.

· · · · · ·

Theme Design by devolux.nh2.me