Collector Vehicle Insurance in Waco TX

Collector vehicles are investments, passions and rolling pieces of history. Because of their rarity and value, they require a different kind of coverage than your average vehicle.

What Is Collector Vehicle Insurance and How Does It Work?

Collector vehicle insurance is designed for cars not driven daily and typically stored safely. It often comes with lower premiums than standard auto insurance, but with specific conditions like mileage limits and usage restrictions. Collector vehicle insurance is generally intended for vehicles that meet the following criteria:

• Used occasionally and only for leisure driving

• Kept in a secure, enclosed garage

• Not used in races, timed competitions or instructional driving programs

• Valued for their collectible status or historic significance

What Does Collector Vehicle Insurance Cover?

You can customize your collector vehicle policy to include several types of coverage. Your agent may recommend the following:

• Agreed value coverage may pay the full insured amount if the vehicle is declared a total loss without depreciation.

• Spare parts coverage may cover the cost of rare or original parts, which are often more expensive or more challenging to find.

• Restoration coverage may cover your car during the restoration process.

• Towing and roadside assistance coverage may provide financial aid for services in case of breakdowns, flat tires or battery issues.

Learn More

Owners of classic and collector cars turn to Herman Bell Insurance Agency for personalized coverage solutions. Let our team review your vehicle’s needs and guide you toward the appropriate policy. Contact us today.

Recreational Vehicle Insurance

If you have any type of recreational vehicle, including a motorcycle, RV, boat, or off-road vehicle (e.g., all-terrain vehicle (ATC) or snowmobile), you’ll need to secure additional insurance to properly protect your investment. Determining what and how much coverage you need can be tricky, but that’s why we’re here to help. Contact us today to get started.

What Is Recreational Vehicle Insurance?

Recreational vehicle insurance is a general term that refers to a variety of policies used to insure vehicles such as boats, motorcycles, RVs, ATVs and travel trailers. Each policy provides unique coverage. Talk to your agent today to discuss specific coverage you may need for your recreational vehicle.

What Does Recreational Vehicle Insurance Cover?

Recreational vehicle insurance helps provide a layer of protection against liability and property damages. Recreational vehicle insurance varies based on the type of vehicle you have. Talk to your agent to learn more about targeted coverage for:

• Boat and watercraft
• Off-road vehicles (e.g., ATVs, golf carts, and snowmobiles)
• Campers
• Coaches
• Motor homes
• Travel trailers

Is Recreational Vehicle Insurance Required?

Depending on the type of recreational vehicle you own and where you live, you may be legally required to obtain insurance for your vehicle. For example, most RV and motorcycle owners must secure at least the minimum auto insurance required of all drivers in their state of residence.

How to Get Recreational Vehicle Insurance

If you’re in need of a recreational vehicle insurance policy, we’re here to help. Contact Herman Bell Insurance Agency today to learn more or receive a free quote.

Renters Insurance in Waco, TX

Renting a home doesn’t mean you’re without risks, but renters insurance can help you stay financially protected. For instance, if a kitchen fire damages your rental property or a guest is injured in your apartment, renters insurance may provide financial aid to help you manage these expenses. Without it, you might have to cover these costs on your own.

Why Should Renters Get Renters Insurance? 

Investing in renters insurance is a smart move for anyone renting a home or apartment. Your landlord’s insurance covers only the building itself, not your personal belongings. If a burst pipe damages your furniture or you lose a laptop to theft, you’d have to pay out of pocket to replace it. Even incidents like someone getting injured in your home could leave you dealing with legal or medical costs. The right renters insurance policy may be able to help in such cases.

Renters insurance is generally affordable. For a small expense, you may get coverage that could save you thousands. It’s not just about big disasters either; policies may also cover small losses. With this policy, you can protect your wallet from unforeseen expenses.

What Does My Policy Cover?

In case of a covered incident, renters insurance may provide financial aid for you, your rental home and your possessions. A standard policy typically includes the following coverages:

• Personal property coverage may reimburse you for belongings lost to covered events such as fire, theft or vandalism.

• Liability protection may cover legal expenses and damages if you’re found responsible for injuring someone or damaging their property.

• Additional living expenses may pay for meals, temporary housing and other related expenses if your rental becomes uninhabitable due to a covered incident.

When Should I Get Renters Insurance?

It’s essential to get renters insurance as soon as you sign a lease for a rental property. If your landlord requires it, you’ll need to provide proof of insurance before moving in. It’s also wise to obtain a policy before you move in to cover your belongings during the moving process.

Where to Get Coverage

Herman Bell Insurance Agency is here to help you choose renters insurance coverage that best suits your requirements. Contact us today.

Motorcycle Insurance in Waco, Texas

Motorcycle ownership in Waco, Texas, brings exhilarating rides and a sense of freedom. However, ensuring your safety and financial security on the road is paramount. Motorcycle insurance can help play a crucial role in protecting riders from the potential financial effects of risks and liabilities.

At Herman Bell Insurance Agency, we can provide tailored policies to meet your diverse needs. With a commitment to customer service and competitive rates, we can ensure your ride with confidence and peace of mind.

What Does Motorcycle Insurance Cover?

Motorcycle insurance is a type of insurance designed specifically for motorcycles. Just like auto insurance, this typically includes the following coverage options:

• Liability coverage may help cover bodily injury and property damage to others if you’re at fault in an accident.

• Collision coverage may help pay for damage to your motorcycle in an accident, whether it’s a collision with another car, tree or similar object.

• Comprehensive coverage may help cover events like theft, vandalism and damage caused by noncollision incidents, such as fire, floods or falling objects.

• Uninsured/underinsured motorist coverage may help cover your medical expenses and property damage if you’re in an accident with an at-fault driver who doesn’t have insurance or is insufficiently covered.

• Medical payments coverage may help pay for medical expenses like hospital bills, doctor visits and other necessary treatments if you’re injured in an accident.

• Accessory coverage may help cover custom parts, accessories and gear attached to your motorcycle in case of damage or theft.

How Much Does Motorcycle Insurance Cost?

Several factors can influence the cost of motorcycle insurance, including the rider’s age, driving record, type of bike and coverage limits. Discounts for safe riding habits or bundling with other policies can help reduce costs.

What Motorcycle Insurance Do I Need?

Texas law mandates that all drivers be able to prove financial responsibility in case they cause an accident. Many motorcyclists do this by purchasing liability insurance. However, it is wise to consider additional coverage like comprehensive and collision to help safeguard your investment.

Learn More

Herman Bell Insurance Agency understands the unique needs of motorcycle enthusiasts. Whether you’re a weekend rider or a daily commuter, we can provide personalized service to ensure you’re adequately protected on the road. Contact us today to request a free quote.

Bonds in Waco, TX

Establishing and maintaining appropriate loss control measures are critical to securing your business’s finances and future. For many businesses across various sectors, bonds may represent critical investments and essential components of loss control efforts. These aspects of your company’s risk management efforts can make all the difference between being able to recover from unexpected incidents or potentially facing insolvency.

What Are Bonds?

Bonds are financial instruments often sold by insurance companies to help your business protect its financial interests and those of other parties, such as your clients and customers. Although bonds may come in many forms, their general purpose is often the same: to establish a way for other parties to recoup losses for which your company or employees may be at fault.

How Do Bonds Work?

In the event that your company is unable to complete its business obligations, other parties may often be left with substantial financial losses, as they may have invested time and resources toward projects or efforts that have gone unfulfilled. Fortunately, bonds represent a way for affected parties to recover their costs and damages without having to file lawsuits and potentially tarnish your company’s reputation.

Types of Bonds

Bonds may come in many forms and the appropriate products may vary depending on your industry, the job at hand and your client’s preferences. In many industries, your company may encounter a need for the following types:

• Commercial bonds

• Contract bonds

• Performance bonds

• Bid bonds

• License and permit bonds

• Fidelity bonds

• Supply bonds

• Maintenance bonds

Why Are These Measures Important?

If your business is at fault for other parties’ losses, bonds can make all the difference. Without appropriate measures in place, you’d potentially face costly lawsuits. Resulting legal fees could devastate your finances and tarnish both current and prospective business relationships. Furthermore, many clients may require bonds before agreeing to work with your company, meaning that failure to acquire them could limit your opportunities and growth potential.

How to Buy Bonds Near Me

Contact Herman Bell Insurance Agency today to learn more about bonds.

Auto Insurance in Waco, Texas

For Waco, Texas, drivers, understanding what auto insurance entails, the types of coverage available and how to select the right policy is crucial. The Herman Bell Insurance Agency team can help you get appropriate coverage at favorable rates.

What Is Auto Insurance?

Auto insurance can protect against losses resulting from accidents, theft and other incidents involving your vehicle. Your agent can help you select policies and endorsements to meet your needs.

What Types of Coverage Are Included in Auto Insurance? 

Auto insurance policies are customizable and can include several types of coverage to suit your needs. Our team may recommend the following:

• Liability insurance helps provide core coverage to help protect your financial stability after an accident. If you cause property damage or injuries in an incident with your vehicle, this coverage may step in to help cover related costs.

• Full coverage car insurance, including collision and comprehensive auto insurance, can help replace or repair your vehicle after a covered incident or accident.

• Uninsured/underinsured motorist coverage can help provide financial protection if you are hit by an uninsured driver or one with inadequate coverage.

• Medical payment coverage can help pay medical bills for you and your passengers after an accident.

• Personal injury protection can provide expanded coverage for accident-related injuries, including rehabilitation therapy, partial wage replacement for lost income resulting from a covered accident, and replacement of services provided by the injured person, such as household maintenance.

How Do I Choose the Right Auto Insurance Policy?

Selecting the right auto insurance policy involves considering your needs, the quotes provided by your agent, the insurer’s reputation for customer service and claims payments and discounts to ensure you get the coverage you need.

If you are unsure about the best options for your situation, contact an insurance agent or broker who can provide personalized advice based on your specific needs.

Contact Us

Contact Herman Bell Insurance Agency in Waco, Texas, for appropriate auto insurance coverage.