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Soto Insurance Agency

19317 N 10th St Suite B
Covington, LA 70433

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Flood Insurance and Federal Backing

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When you are a homeowner, you need to make sure that you protect the investment you’ve made into your home. It’s usually a person’s largest asset, and it needs protection in case something were to happen to it. One way to do this is to get flood insurance. This is an essential type of policy that can protect you financially against a flood that damages your home and belongings. If you don’t already have a flood policy, you can call us at Soto Insurance Agency in Covington, LA to find out more. 

The National Flood Insurance Program

This is a program that has government backing and is guaranteed. This isn’t an entity that can go out of business. When a flood happens, this policy will be there to help. Many people are hesitant about getting flood insurance because they worry that companies can’t pay after a major disaster. However, flood insurance from this program is guaranteed. With federal funding and backing, you know it’ll be there for you if you need it. Because of its backing, the price of this insurance coverage is a set amount that is the same anywhere you go. 

Flood and Home Insurance

A lot of people don’t get a flood policy because they think their home insurance should take care of any disaster. However, this isn’t the case. When a home is flooded, home insurance generally excludes this from coverage. That’s why you need a separate flood policy for your home. You need this extra policy to cover the costs that come from flood damage in your home. Water can be very damaging to building materials. It can cost thousands to fix all the problems caused by a flood. Don’t be caught without coverage and be saddled with thousands, or tens of thousands, in damages. 

Get a Flood Policy

To get your flood insurance, you can call us at Soto Insurance Agency in Covington, LA to get started with a policy. 

Four steps to buying commercial insurance that you shouldn’t overlook

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You’re making an important decision as a business owner when you select a commercial insurance policy. That’s why you need to make sure you’re carefully going through all the necessary steps when you insure your business in Covington, LA. At Soto Insurance Agency, we can help you through the process of choosing commercial insurance for your company.

The following are four key steps to go through when buying commercial insurance:

Researching coverage types

Business owners should know what the different types of commercial insurance are. You need to decide whether you need commercial auto, workers’ compensation, commercial property, or errors and omissions coverage depending on factors like the size and industry of your company. 

Making your business operations as safe as possible

Buying commercial insurance gives you a good opportunity to think about safety at your company and to develop ways to improve safety for your employees and customers. If you minimize risks for your company, you’ll probably find that commercial insurance providers are more eager to insure your company at a competitive rate. 

Analyzing your company’s finances when deciding on deductible amounts

It’s important that your company has enough cash available when you file an insurance claim to cover your deductible. When you decide which deductible amounts you want on your policy, consider the financial situation that your company is in. You need to accurately estimate how much you’ll have available for the deductible when you file a claim. 

Comparing the options offered by different insurance providers

Getting policy quotes is important when you buy commercial insurance. Request quotes from a few providers and carefully compare them before selecting a policy. 

Reach Out To Us

At Soto Insurance Agency, we can offer you a quote on a commercial insurance policy. Call us today and find the coverage you need for your company in Covington, LA. 

Do I need homeowners insurance even after my house is paid off?

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Most people spend their lives expecting to pay a mortgage forever. If you are one of the people lucky enough to own your Covington, LA home free and clear, you may be wondering if you need to keep paying your homeowners insurance.

When you have a mortgage, your lender requires you to maintain insurance on your home to protect their investment. When your home is paid off, you no longer have that requirement. Soto Insurance Agency can help you look at your risks and options so you can make an informed decision.

Benefits of Homeowners Insurance

The insurance on your home didn’t just protect your lender, it also protected you. Here are the benefits you get from homeowners insurance:

  • Your house and property are protected from events such as fires or natural disasters like storms.
  • Your belongings, including your personal items and other content, such as appliances, curtains, and furniture, are protected.
  • If someone is injured while visiting, you have liability protection in the event of a lawsuit. You may have other liability protection if your children or pets damage something in the neighborhood.
  • If something happens to your home, and you need to relocate temporarily, your homeowners’ insurance will provide living and eating expenses.

Homeowners Insurance Is Not Required By Law

Even though there is no legal requirement, carrying insurance on your home can protect you and your family from financial disaster. Your Covington, LA home is likely your biggest investment, and you may be unable to recover from such a financial loss if you lose your home. Soto Insurance Agency can help you tailor your coverage so that you only carry what you think you really need. If you have any questions, please call today.

Four things to do when you buy auto insurance

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If you’re in the market for auto insurance in Covington, LA, we can help you at Soto Insurance Agency. Our auto insurance offerings can ensure that you’re financially protected as a motorist.

It’s important that you do your research and take care of a few essential tasks when you buy insurance.

The following are four things to do when you buy auto insurance:

Understand auto insurance coverage options

Consumers need to make sure they know about the different types of coverage that an auto insurance policy can include. This way, they can decide which types of coverage to purchase and know exactly what they’re getting from their auto insurance policy. 

Research auto insurance providers in the area

Finding the right auto insurance provider is important. Consumers should evaluate the reputation and customer service of different insurance providers so that they can buy auto insurance. They can then choose an auto insurance provider that will be reliable and pleasant to work with. 

Think about different deductible options

Choosing a deductible amount is one of the biggest decisions a consumer needs to make when buying auto insurance. Consumers should be certain that they always have enough emergency funds on hand to cover their deductible if they get into an accident. 

Plan out a monthly budget that includes auto insurance costs

Vehicle owners need to be sure to make their auto insurance payments every month. Missing a payment could result in a lapsed auto insurance policy. 

Consumers should set out a budget that includes their auto insurance payment so that they know they’ll be able to afford upcoming insurance costs. 

Reach Out To Us

Get insured with our help at Soto Insurance Agency. Motorists in Covington, LA can get in touch with us to get a quote on an auto insurance policy. 

Rising Waters, Rising Concers: Why You Need Flood Insurance in Louisiana

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Louisiana is in a geographical location that makes it naturally prone to flooding. Intense storms, rising sea levels, and unpredictable weather patterns can lead to devastating flooding. When floodwaters rise, it can automatically lead to rising concerns about flooding, property damage, and costly water damage. 

Why You Need Flood Insurance in Louisiana

Protect your Louisiana home from the devastating and costly effects of flooding caused by severe thunderstorms, heavy rainfall, and hurricanes with flood insurance. Flood insurance is a special kind of insurance designed to protect against financial damages caused by flooding. It acts as a vital safety net to provide financial relief to flood insurance policyholders in the wake of a disaster. 

Homeowners vs. Flood Insurance

Many Louisiana homeowners make the mistake of believing their home insurance policies automatically cover flooding. Not all homeowners insurance policies will cover flood-related damages, so protecting your home and family with the best flood insurance is vital. A licensed insurance agent at Soto Insurance Agency in Covington, LA can talk to you about the best options for coverage. 

What Does Flood Insurance Typically Cover?

Building Coverage: Flood insurance can cover the cost of repair or replacement of the physical structures of homes and businesses. 

Personal Property Coverage: A Louisiana flood insurance policy can help cover the costs of repairing or replacing your personal belongings, electronics, clothing, valuables, and furniture. 

Debris Removal: Some insurance policies help cover the cost of debris removal caused by floods. 

Living Expenses: A flood insurance policy can help cover your family’s living expenses when you’re temporarily displaced by floods. 

Get Flood Insurance Today

Don’t wait until it’s too late and your most prized possessions are underwater. Get a flood insurance quote from the experts at Soto Insurance Agency in Covington, LA! 

Required Commercial Insurance in Louisiana

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When you own a business in Louisiana, there are a number of commercial insurance policies that you may need to keep it protected. There are some that may be required for your business. You need to know what these policies are so that you can stay compliant. To keep your business both protected and compliant, you can come to us for your commercial insurance needs. Just call us at Soto Insurance Agency in Covington, LA.

Workers’ Compensation Insurance 

Louisiana has a workers’ compensation insurance policy that’s a little more complicated than in most states. If you have employees, you are required to have this type of coverage for all of your employees. This includes all employees, including seasonal workers as well as minors and anyone part-time or full-time.

The state, however, will allow you to forgo this insurance if you apply for self-insurance. This has to be approved by the state in order to be a substitute for this insurance. This insurance pays for illnesses and injuries that can happen at work as well as any disability benefits that are needed by an employee after a work-related injury. 

Commercial Auto Insurance

When you have a business that owns a vehicle, you have to have a commercial auto policy for it. This goes for every vehicle your business owns. This policy has to have certain minimum amounts of coverage for bodily injury liability and property damage liability. These cover the damage to someone else’s property and the medical bills of those who are injured. However, it doesn’t cover your own property. For that coverage, you need to add collision coverage to your policy. This pays for the damage to your own vehicle from an accident.

Get Commercial Insurance

When you need insurance for your business needs, call us at Soto Insurance Agency in Covington, LA.

Is home insurance required in Louisiana?

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Buying a house is one of the major financial decisions you will ever make. Protecting it is vital to your financial security. At Soto Insurance Agency in Covington, LA, we will work with you to make sure that your home insurance provides the coverage that you need. The fact is, home insurance is not required by the state of Louisiana or any other state for that matter. 

Why Home Insurance?

Just because the state doesn’t require that you carry home insurance doesn’t mean that you don’t have to have it. If you have a mortgage, your mortgage holder will require you to have some insurance. They have an interest in your home, and until you pay off your mortgage, you need to have home insurance. If you don’t have it, they will be notified, and they will take out insurance on your home, and you will be required to pay for it.

They are concerned with protecting their investment not with getting you the best deal on your home insurance. 

The fact that your home is such a major investment makes having home insurance even if you aren’t required to a good idea. Bad things happen, and your home insurance covers many of them. It protects you from legal action. Being sued can happen to anyone. It protects the physical building from things like a tornado or a fire.

Home insurance helps you have the money to make repairs and replace the things that you have inside. It also protects your property when you take it traveling with you. If your home is damaged, you will be able to stay at a home or to rent a place until you can move back home. 

Reach Out To Us

Contact Soto Insurance Agency in Covington, LA and let our experienced team help you to get the insurance coverage that is perfect for you. 

FAQs About Auto Insurance

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If you are new to car insurance, you may have a lot of questions. Even if you have had car insurance for years, you may have questions about what type of coverage you need or have. At Soto Insurance Agency in Covington, LA we provide the information you need to make an educated decision about the right auto insurance for your needs. 

Do I need to have auto insurance?

In the state of Louisiana, the basic insurance that you are required to carry is 15/30/25. This means you must protect other people from an accident you cause.$15,000 for injuries to one person, with a total of $30,000 for all the injuries from that accident. $25,000 is allowed for personal property. 

Can I let my friend drive my car?

If your friend has a valid driver’s license, they will be covered by your auto insurance at the same level that you are protected. Auto insurance covers the vehicle, no matter who is driving. If, however, they are involved in an accident, the record will be reported to your insurance, and it could affect your insurance rate. 

Am I covered if I rent a vehicle?

Maybe, it really depends on what type of auto insurance policy you have. A basic auto insurance policy is strict liability, and that will not cover a rental vehicle. If you have collision and comprehensive coverage, this also extends to the rental vehicle at the same rate as it covers your personal vehicle. 

Do I need to have my insurance card in my vehicle?

Yes, you need to carry your auto insurance card in your vehicle at all times. If you are pulled over, you will need to provide proof that you have auto insurance coverage. 

Reach Out To Us

Contact Soto Insurance Agency in Covington, LA when you are ready to discuss your auto insurance needs.

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