Franklin Insurance Agency

2345 Southern Blvd SE Ste C4,
Rio Rancho, NM 87124, United States

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Does My Car Insurance Cover Other Drivers?

Car owners who live in Rio Rancho, NM who have questions about whether or not their car insurance covers other drivers can call the agents of Franklin Insurance Agency. The agents have the knowledge and experience to be able to answer any questions concerning who is covered under a specific type of auto insurance policy. They can also advise you about upgrading your policy if your individual needs have changed over time.

Regular Drivers

When you purchased your auto insurance policy, you were asked who would be driving your vehicle. While these are your regular drivers, there may be a time when you allow someone else to drive your vehicle. In these types of situations, it’s a good idea to write a note that states you have given them permission to drive your car. This, however, doesn’t guarantee that they will be covered by your insurance policy. Their policy may be required to cover any accidents that may occur.

Each Company Is Different

Every insurance company is different when it comes to covering additional drivers. You may be required to call in and notify your agent if you are willing to allow someone else to drive your car. Before letting anyone else behind the wheel of your vehicle, contact your agent to find out who will be covered if anybody.

In Rio Rancho, NM, the agents at Franklin Insurance Agency can go over your policy with you and let you know who is allowed to drive your car under your particular auto insurance policy. If you have any questions or concerns, don’t hesitate to call the office and talk to one of the agents.

What is included with commercial insurance?

Owning a business is a dream for many people in the Rio Rancho, NM area. When you are the owner of a business, you will have many important decisions to make on a daily basis. One important decision that you will have to make is whether or not to get a commercial insurance policy. A commercial insurance policy has a variety of different components and types of coverage that will help to protect you and your company. 

Commercial Liability Protection

One type of insurance that you will receive with your commercial insurance policy is commercial liability protection. As an owner of a business, you are taking on a lot of risk and responsibility. If you sell a product or service that causes someone to get hurt, you could be facing a serious liability lawsuit. Fortunately, through your commercial insurance policy, you can get protection against this type of risk. 

Protects Business Assets

When you are the owner of a business, you likely will need to invest a lot of money into assets for your company. This can include major equipment, inventory, supplies, and real estate. If you are not properly insured, all of this could be lost in a fire or other casualty. Fortunately, a commercial insurance policy can provide you with the support that you need to ensure that your assets are properly covered in these situations. 

When you are shopping for insurance in the Rio Rancho, NM for your business, a great place to start your search is with the Franklin Insurance Agency. The professionals at the Franklin Insurance Agency know all about the benefits of having commercial insurance and how it can help any small business. The team of professionals will be able to help you choose the right policy for your organization. 

4 Basic Boating Tips for Beginners

Rio Rancho, NM isn’t all desert and sand. The area surrounding the city boasts many opportunities for boat enthusiasts to get out on the water. These tips are designed to ensure new boat owners stay safe, follow the rules, and have fun while they’re getting comfortable at the helm. 

  • Enroll in a boater’s safety course. The Energy, Minerals, and Natural Resources Department of New Mexico (EMNRD) provides access to approved courses. Throughout the course, you will learn essential skills like interpreting traffic signs along waterways, how to equip your vessel for various activities, and what to do if an emergency happens.
  • Check the status of your boater’s insurance policy. Your boater’s insurance policy covers your liability if an accident occurs with your boat. This includes medical payments, repairs to your vehicle, and damage to the property of others. Talk to an agent at Franklin Insurance Agency before your first launch to ensure your watercraft is fully protected.
  • Get familiar with your rig. Even after a few training classes, you need some time to get comfortable with the way your boat operates. Take a close look at the location of gauges, lights, radios, and compasses. Locate important accessories like detectors, extinguishers, emergency radios, and first aid kits. Walk around and decide where you will store things like clothing, food items, and leisure equipment.
  • Practice backing up before getting to the ramp. It is poor boating etiquette to use the ramp for too long. If you’ve never backed a boat into the water before, spend some time practicing in the parking lot before taking your place in line for the ramp.

Franklin Insurance Agency helps boat enthusiasts in the Rio Rancho, NM area protects their aquatic toys with insurance. Contact our representatives to learn more about customized boat insurance.

4 Little Known Facts about Car Insurance You Should Know

Although every motorist is required to purchase an auto insurance policy, it seems that very few fully understand the ins and outs of the car insurance sector. For residents of Rio Rancho, NM, the following is 4 little-known facts about car insurance you should know.

Lost/Stolen Items

While many policies will provide at least some form of financial compensation if your vehicle is stolen, this does not apply to the belongings you keep in your vehicle. No matter how much the items are worth, if your car is stolen, you will likely take a loss on any belongings that were left in the vehicle.

Occupation Matters

On another note, you may not realize this but your job can also impact your car insurance premiums. For instance, teachers are considered to be lower risk than many other professions, so they are often afforded a discount.

Credit Scores

On the other hand, your credit score can also affect the cost of the premium. Since studies have shown that there is a link between your credit score and the likelihood that you will file a claim, your premium is likely to be more if you have a lower credit score.

Low-Risk Vehicles

Furthermore, low-risk vehicles can earn you lower premiums. For instance, vehicles that have good safety equipment or are less likely to be stolen will often have lower premiums.

For help with your car insurance questions, contact Franklin Insurance Agency. A premier insurance company located in Rio Rancho, NM, contact Franklin Insurance Agency today to find out how you can get your car insured and hopefully save some money in the process. 

Home Insurance Add Ons to Consider

When it comes to protecting your home, there’s no shortage of possible insurance add-ons to consider. It ultimately comes down to your property and how much protection you believe you’ll need. If you live in or around Rio Rancho, NM, the team at Franklin Insurance Agency is here to help. Here are some of the top home insurance add-ons to consider.

Flood Insurance

Many in New Mexico might not even consider flood insurance as something necessary for their property. However, as you know, when it does rain, it rains hard and the water often has nowhere to go. Plus, flood insurance is there for burst pipes and any other issue with water. These are areas your regular home owner’s insurance is not going to completely cover, so it is worth looking into. 

Commercial Insurance For Home Business

More and more Americans are starting to work for themselves. That is exciting and a great way to spend more time at home with the family. However, your home insurance may not protect your commercial investment, even if it is inside your home. So whether you have a storeroom of goods you have produced or you just have some computer electronics in a side office, in the event of theft, flooding, storms or any other issue, your commercial business may not be covered. Due to this, it is a good idea to look into commercial insurance for your home. 

There are all kinds of home insurance add-ons you can take advantage of. Ultimately, it comes down to what kind of property you have and the protection you need. When living around the greater Rio Rancho, NM area, the Franklin Insurance Agency is available to help. Contact our office to speak with an agent and have your questions answered.