Insurance Guides
How to Prepare for an Auto Insurance Quote
Having the right information available can make the auto insurance quote process easier and more efficient.
Information that may be requested can include the names and driver information of the people who will be listed on the policy, vehicle information, VIN numbers, current insurance information, and details about how the vehicles are used.
In some situations, vehicle photos may also be requested. If photos are needed, use the Nexa Vehicle Photo Guide to make sure the required images are clear and complete.
Nexa Insurance Advisors can help explain what information is needed based on your specific quote and the insurance carrier involved.
Flood Insurance vs. Homeowners Insurance: What’s the Difference?
Homeowners insurance and flood insurance protect against different types of risks. A standard homeowners insurance policy may provide coverage for your home, personal belongings, liability, and certain covered losses, but flood damage is generally not included as standard coverage.
Flood insurance is designed specifically to help protect against certain losses caused by flooding. Depending on the policy, coverage may apply to the building, certain contents, or both.
Because coverage varies by policy, carrier, property, and location, it is important to review your homeowners policy carefully and understand whether separate flood insurance may be appropriate for your property.
At Nexa Insurance Advisors, we can help you review available home and flood insurance options and better understand how the different coverages may work together.Request a Quote
General Liability vs. Professional Liability
General Liability Insurance and Professional Liability Insurance are designed to address different types of business risks.
General Liability Insurance may help protect a business from certain third-party claims involving bodily injury, property damage, personal injury, or advertising injury, depending on the policy.
Professional Liability Insurance may help protect businesses and professionals from certain claims involving errors, omissions, negligence, or professional services that allegedly caused a client financial harm.
Some businesses may need one type of coverage, while others may benefit from both. The appropriate coverage depends on the services provided, business operations, and individual risk.
Nexa Insurance Advisors can help you explore available liability options based on the type of business you operate.Request a Quote
What Is Employment Practices Liability Insurance (EPLI)?
Employment Practices Liability Insurance, commonly called EPLI, can help protect businesses from certain employment-related claims made by employees or applicants.
Depending on the policy, covered claims may involve allegations such as wrongful termination, discrimination, harassment, retaliation, or other employment-related practices.
Coverage, exclusions, limits, and eligibility vary by carrier and policy. Businesses with employees may want to review their employment-related risks and understand whether EPLI could be appropriate for their operations.
Nexa Insurance Advisors can help business owners explore available EPLI options and understand how this coverage may fit within their overall insurance program.Request a Quote
Commercial Auto vs. Fleet Insurance
Commercial Auto Insurance is designed for vehicles used for business purposes. It may provide coverage for company-owned vehicles, trucks, vans, or other vehicles used in daily business operations.
Fleet Insurance is generally designed for businesses that operate multiple vehicles. It can help businesses manage coverage for several commercial vehicles under an insurance program designed for the needs of the fleet.
The appropriate option depends on the number and type of vehicles, how they are used, who drives them, and the requirements of the insurance carrier.
Nexa Insurance Advisors can help businesses explore commercial auto and fleet insurance options based on their operations and vehicles. Request a Quote
What Is Personal Umbrella Insurance?
Personal Umbrella Insurance can provide an additional layer of liability protection above the limits of certain underlying personal insurance policies.
Depending on the carrier and policy requirements, Personal Umbrella Insurance may work with policies such as auto insurance, homeowners insurance, or other eligible personal liability coverage.
This additional protection may become important when a covered liability claim exceeds the limits of the underlying policy.
Nexa Insurance Advisors can help you explore available Personal Umbrella Insurance options and better understand how additional liability coverage may fit your needs. Request a Quote