Franklin Insurance Agency

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

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Protect your RV before hitting the road

If you are an RV owner who loves to head out on the open road, be sure to have the right insurance in place first. The team at Franklin Insurance Agency is here to help residents in the greater Rio Rancho, NM area with all of their insurance needs. Call our office today to learn more about how we can help you.

Protect your RV with the right insurance policy

Before you hit the road this season in your RV, give your insurance policy a review. There are several different ways that the right policy can protect you, and it only makes sense to have the protection you need. Now is a great time to review your policy.

Liability coverage is a big concern for many RV owners. This is because of the risk of accidents and other mishaps on the road, but that’s not the only reason. If you enjoy parking your RV in a campground or park for extended periods, you will want to ensure that you have the proper protection.

RV owners who entertain a lot or have guests stay with them can be at a higher level of risk when it comes to liability. This means that you want your policy to include protection if someone is injured while visiting you. Enjoying an RV is easy to do, especially when you know that you have the protection you need!

Reach out to us today!

Franklin Insurance Agency is here to serve the insurance needs of the Rio Rancho, NM community and surrounding areas. If you want to find out more about the RV policy options that are available in our area, give us a call today!

Umbrella Insurance Errors To Avoid

Franklin Insurance Agency serves the Rio Rancho, NM community and the surrounding areas. We work with multiple carriers in the region. This allows us to provide our clients with an assortment of options. For over 24 years, we have had families obtain the coverage they need to plan for the future.

Umbrella Insurance Errors to Avoid

Sometimes life throws unexpected situations your way. If you aren’t prepared, things can become even worse. Umbrella insurance is a policy that you can rely on during emergencies. Umbrella insurance covers you if you are involved in a serious home, auto, or commercial liability dispute. There are multiple reasons why someone may pursue litigation against you. Perhaps you are hosting a party at your Rio Rancho, NM home, and guests play in your swimming pool. Suddenly someone slips and falls, suffering a severe injury. Perhaps you are driving home from work, and you take your eye off the road to answer a call, but you cause an accident with multiple injuries. Maybe one of your employees is pursuing legal action against you, accusing you of slander and libel. These are common liability situations where your assets may be at risk. Umbrella insurance steps in once you have reached your liability limits. While looking over your policy, avoid these common umbrella insurance errors.

Many people believe that their assets aren’t valuable enough to obtain coverage. This is a mistake. If you are involved in a liability dispute, and you lose some of your assets, it can be a complicated and challenging process to replace them. Umbrella insurance can prevent you from losing everything you’ve worked hard for.

Franklin Insurance Agency will Help you Cover your Assets.

Visit our office to learn more information about umbrella insurance.

I Have Auto Insurance, Do I Need Motorcycle Insurance?

In New Mexico, motorcycle insurance is a requirement even if you already carry an auto insurance policy. The good news is that most motorcycle insurance policies are relatively affordable. The agents at Franklin Insurance Agency of Rio Rancho, NM are here to keep the process of finding the right policy as painless as possible.

The Basics of Motorcycle Insurance

As a general rule, motorcycle insurance is considerably less expensive than auto insurance. However, the exact cost of coverage will depend on the type of motorcycle you ride. Premium rates will also depend on your credit history and your driving record.

Coverage options for motorcycle insurance are pretty much the same as with car insurance. You will need to consider coverage for bodily injury, property damage, and accidental death.

Once you meet the minimum requirements for coverage in New Mexico, you can decide whether other available components meet your needs. For example, if you do not think it is necessary, you may opt-out of collision coverage. This is often the case for riders with older bikes that they do not feel are worth the price they pay for the coverage. Regardless of the coverage options that you choose, it is possible to find a quality policy that fits your particular budget.

If you are looking to find the right motorcycle coverage for your bike, contact Franklin Insurance Agency in Rio Rancho, NM. One of our helpful team members will be happy to assist you in finding the motorcycle insurance policy that comfortably fits into your current budget while providing the exact coverage that you need.

We are a family-owned business with more than 30 years of experience. Our highly trained experts are here to help with all of your coverage needs or answer any questions you have.

What Happens If You Don’t Have Auto Insurance?

In a recent study conducted by the Insurance Research Council, one in eight drivers on the road was operating a vehicle without proper insurance. In New Mexico alone, 21.8% of people did not have auto insurance. This is an exclusive club of which you do not want to be a member. Instead, contact Franklin Insurance Agency to obtain your policy today.

The Consequences of Driving Without Insurance

The penalties for driving without insurance in Rio Rancho, NM are steep. For a first offense, you could find yourself in jail for up to 90 days and paying a fine of up to $300. Get caught without insurance again and you could spend as long as six months in jail and pay a fine of up to $1,000.

In addition to legal troubles, you could also be in financial trouble. If you cause an accident resulting in injuries or property damage while driving without proper auto insurance, the financial consequences could be overwhelming.

Drivers in New Mexico that do not carry at least the minimum liability insurance could have their vehicle registration suspended. This means that you will not be able to register your vehicle until you obtain auto insurance. According to the New Mexico Mandatory Financial Responsibility Act, the owner of an uninsured vehicle must return the vehicle registration and the license plate to the MVD within ten days. Failing to do so could result in criminal actions being taken against the vehicle owner.

There is no reason that you should take the risk of driving in Rio Rancho, NM without proper auto insurance coverage. Affordable options are available to meet the needs of every driver on the road. Contact the qualified agents at Franklin Insurance Agency today and we will help you find the auto insurance policy that is right for you. Give us a call today.

Why You Probably Need Umbrella Insurance

You may say you have personal liability coverage under your home or auto insurance. But ask yourself whether the coverage would be enough if you got into serious accidents? The answer is no. These liability coverages have limits that can be depleted in the event of a significant accident. That’s why umbrella insurance is crucial, as it bridges the gap when these other liability policies max out.

To that end, without umbrella insurance, any injury or damage beyond your other liability limits means paying them from your pocket. But with umbrella insurance, that means your assets are safe in case of substantial liability claims. That said, there are several reasons why you need umbrella insurance. Franklin Insurance Agency has prepared for you some of the main reasons. Let’s learn.

Protects your assets

If you have assets, then umbrella insurance makes sense for you. When you are in an accident and the damage goes beyond your primary insurance limit, you should cover the difference. For some, it would mean letting go of their savings or assets. But with umbrella insurance, you get covered against such occurrences.

Provides broad coverage

Unfortunately, we live in an era of lawsuits, where everyone wants to sue you for anything. Luckily, umbrella insurance provides claims that your other insurance coverages exclude, like slander, malicious prosecution, libel, false arrest, or imprisonment.

For peace of mind

Your assets should be your source of joy, not worry. Umbrella insurance makes you rest assured that your assets will not be interfered with in the event of expensive claims. 

It’s affordable

The umbrella insurance premiums are pretty affordable, as the insurance kicks in when your other liability coverages get exhausted.

Umbrella insurance in Rio Rancho, NM

There you have it. Anyone who is not ready to pay the extra liability claims or expensive lawsuits from the pocket has umbrella insurance to thank. Ready to purchase one in Rio Rancho, NM, and its environs? Contact us at Franklin Insurance Agency for an affordable quote.

What Is And What Is Not Covered By Motorcycle Insurance?

Riding a motorcycle is a fun but dangerous activity, and it should be taken seriously. Every day, there are hundreds of motorcycle accidents happening in the world. Even though you cannot protect yourself from a motorcycle accident having motorcycle insurance is a smart way to protect yourself on the road. If you have any questions about this type of insurance, Franklin Insurance Agency serving clients in Rio Rancho, NM prepared a list of what is and what is not covered by motorcycle insurance:

What Is And What Is Not Covered By Motorcycle Insurance

Here is what is usually covered by motorcycle insurance:

  • Damages to a motorcycle 
  • Injury to yourself if you are involved in a road accident with an uninsured vehicle. 
  • Such unexpended events as theft or vandalism will be also covered by standard motorcycle insurance.

However, unfortunately, standard motorcycle insurance will not cover: 

  • Track days and competition. There are some motorcycle insurance policies that will cover truck days but not all of them. Make sure to ask your insurance agent about the coverage they provide. 
  • Commercial use of your motorcycle. Some people use their vehicles for commercial purposes. For example, a person may use a motorcycle to use as a courier. In this case, motorcycle insurance does not cover a motorist and motorcycle. 

 If you are a lucky owner of a motorcycle in Rio Rancho, NM or any other nearby town, and you are looking for motorcycle insurance, Franklin Insurance Agency will be glad to help you. If you have any questions about the options available, feel free to give our insurance agency a call – our insurance agents will provide you with all the necessary information. 

Should You Get Uninsured Motorist Coverage?

If you have taken the steps to get the right auto insurance, it is likely that you expect others to have gone through the process too. You expect that when somebody else hits you, they will be responsible for your injuries and property damage. In some cases, things simply do not go the way they should.

Franklin Insurance Agency, which serves Rio Rancho, NM, understands your needs as a driver. It’s normal to have questions about coverage, including optional insurance coverage.

Uninsured Motorist Coverage Protects You

Many people do not realize that uninsured motorist coverage does not protect other drivers. It actually protects you, ensuring that you do not get stuck paying the bill for your own vehicle’s repairs and your own medical bills when somebody else causes an accident.

As a result, you are in a less stressful predicament. Getting uninsured motorist coverage is simply one of the safest options, and it could very well protect you from facing financial hardship in the future. Your coverage may provide you with the protection you need when other drivers do not do their part to protect you.

Is Uninsured Motorist Coverage Right for You?

Many people do not think they will ever encounter a situation in which an uninsured motorist hits them, but it happens every day. You can be proactive by taking all measures possible to protect yourself before you ever get into an accident in the first place.

Are you still unsure about whether buying this kind of policy provides the coverage you need? Franklin Insurance Agency serving Rio Rancho, NM can help you decide if you should add uninsured motorist coverage to your policy.

How Much Commercial Insurance Do I Need?

At Franklin Insurance Agency, we usually get this from our clients after a disaster strikes, “I thought I was covered.” Unfortunately, about 75% to 90% of business owners are underinsured. And this means one thing — you will have to incur unexpected out-of-pocket expenses when disasters knock on your doors.

So, how much commercial insurance do you need for your Rio Rancho, NM business? Well, keep reading to know the amount of commercial insurance you should purchase.

Business insurance coverages

Before determining the amount of business insurance you require, it’s essential to look at the different types of coverages available for businesses. Here are common business insurance coverages:

  • Business liability coverage: This covers your business against liabilities, including property damage, advertising, and bodily injury.
  • Commercial property insurance: It protects your business premises and other assets against risks like fire, vandalism, and theft.
  • Worker’s comp insurance: This coverage protects your employees against illnesses and work-related injuries.  
  • Commercial auto insurance: It’s required for business vehicles.
  • Cyber liability insurance: It protects your business against cybercrimes.

Having known the different types of commercial insurance coverages, you can now ask how much business insurance you require to purchase.

How much business insurance do you need?

The amount of commercial insurance apt for your business isn’t a cut-and-dry answer. It depends on various aspects of your business. Here are questions you must ask before determining the amount of commercial insurance you need:

  • What’s the nature and size of your business?
  • How many employees do you have?
  • Where is the location of your business?
  • What’s the size of your business contracts? 
  • What are the mandatory commercial insurance coverages?
  • How many insurance coverages do you intend to purchase?

An insurance agent familiar with your industry can help you determine the amount of commercial insurance sufficient for your business. 

Are you still unsure about the amount of commercial insurance you should purchase? Don’t stress yourself. Instead, contact Franklin Insurance Agency for clarification. You can also pass by our Rio Rancho, NM to talk to one of our agents.

Auto Insurance Explained

It is vital to acquire car insurance that suits your needs and lifestyle. Having auto insurance in Rio Rancho, NM is paramount. Regrettably, many Rio Rancho NM residents are unaware of the type of insurance they are supposed to buy to suit their needs. Whether you are a seasoned driver driving an old car or a new car owner, you require prolific auto insurance from Franklin Insurance Agency to cushion you and your expensive asset from impending perils like accidents and theft. 

Is Auto Insurance Mandatory in New Mexico?

Like many states, auto insurance is legally required in New Mexico. Car owners are expected to maintain minimum liability coverages in their auto insurance policy. These minimum requirements include bodily injury and property damage liabilities. Hitting the roads of New Mexico without these mandated requirements may attract stiff consequences like fines and license suspension. There are several auto insurance coverages, including.

Collision coverage: It pays for repairing or replacing your car after a collision involving another vehicle or stationary objects like a tree or guard rail.

Comprehensive coverage: It pays for either repairing or replacing your car up to the vehicle’s actual cash after an incident other than collisions such as glass damage, hail, and other inevitable eventualities.

Un-insured and under-insured motorist coverage: If you are engaged in an accident with a motorist with no or inadequate coverage, this coverage protects your prevailing medical bills.

Medical payments coverage: It pays for reasonable and vital medical costs related to accidents such as surgery and x-rays if you, your passengers, or your family members are injured in an accident.

Are you a car owner of Rio Rancho, NM searching for a salient auto insurance policy to protect yourself and your car? Don’t hesitate to contact us at Franklin Insurance Agency for all your insurance needs.

New Mexico Boat Insurance Laws

In New Mexico, you are not required to have boat insurance, but it is always recommended. There are as many laws regulating the waters and traffic on the water in New Mexico as there are for New Mexico roads.

At Franklin Insurance Agency, we want Rio Rancho, NM residents to feel secure and protected when they are boating. Know the laws before you hit the water, and you will have safer adventures.

New Mexico Boat Insurance 

New Mexico boat insurance is similar to New Mexico auto insurance, in that it offers similar coverage. You can purchase:

• Bodily Injury Liability – Covers injuries to third parties
• Property Damage Liability – Covers damages to property that is not yours
• Physical Damage – Covers damages to property that is yours
• Property Coverage – Contents of your boat
• Towing Coverage – When your boat needs to be removed 
• Comprehensive Coverage – Coverage for damage not caused by collision
• Pollution Liability – Coverage when you are at fault for fuel spills
• Uninsured Boater Coverage

Your boat must be registered with a Certificate of Number and titled in order to operate it legally in New Mexico. If your boat is from another country, owned by the United States Government or state of New Mexico, or documented by the Coast Guard, you do not need that information.
Avoid Reckless Boating

Avoid reckless boating in New Mexico, as there are heavy fines and penalties for failure to do so. Boating violations are enforced by the New Mexico State Parks Division, the county sheriff, State Police, and the Coast Guard on federal waters. They have the authority to stop your boat at any time to ensure federal and state compliance.

It is illegal to:

• Speed
• Create or jump dangerous wakes
• Anchor less than 150 feet from a dock
• Chase or harass wildlife
• Boat in restricted areas
• Fish from a boat driving within 150 feet of a marina, ramp, or dock
• Operate under the influence of drugs or alcohol

Get a Quote

Boating is a dangerous activity, but there is protection. When you want to get boat insurance in New Mexico, be sure that you have the coverage you need for every possible risk. At Franklin Insurance Agency, we want Rio Rancho, NM residents to be protected. Call us for a quote today.