Low, Low Rates Are Available for Louisiana Gas Station Insurance!
If you are in the market for Convenience Store or Gas Station Insurance in Louisiana then we have excellent news: Crazy low rates are now available for Louisiana Gas Station Insurance!
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Insurance for Gas Stations Louisiana – Recap
Last time, Tracy explained to Pete that he does not have a crime endorsement on his business insurance, and therefore is not covered for the theft of his business’ deposit money.
She also informs him that even if he had purchased the crime endorsement, he would not have been covered in this specific case, anyway.
Why? Let’s find out.
Louisiana Gas Station Insurance – Insurance Scenario Part 8
“But why?” Pete asks, incredulous. “That doesn’t make any sense. I mean, I understand that I wouldn’t be covered because I didn’t have the endorsement, but how could it still not be covered even if I had it?”
“That’s a very good question. Give me just a moment to pull up the policy and I’ll explain.”
Tracy pulls up Pete’s business insurance policy for his restaurant.
“I have your policy in front of me, Pete,” says Tracy calmly. “If you have a copy of it handy then I can point you to the appropriate section.”
Pete makes no indication that he is going to look for his policy, so Tracy presses on.
“I’m going to read verbatim a snippet from the ‘Money and Securities’ section of the policy. It reads:
‘We will pay for loss of “money” and “securities” used in your business resulting directly from theft, disappearance, or destruction-‘”
“Wait a minute,” says Pete suspiciously. “Doesn’t that mean my deposit is covered?”
“Yes,” answers Tracy. “But there’s more…”
She continues reading.
“‘– while at a bank or savings institution, within your living quarters or the living quarters of your partners or any employee having use and custody of the property, at the described premises, or in transit between any of these places.'”
“In other words, Pete,” Tracy clarifies, “your policy only covers your money when it’s stolen on the bank premises, your house, or while you’re traveling between any of those locations.”
“So when I stopped at the gas station to grab a drink for the evening…” says Pete.
“… you nullified your coverage for the deposit.” Tracy finishes.
“But why?” Pete asks, frustrated. “Why does the coverage end there?”
“Well,” begins Tracy, preparing to be diplomatic with her answer. “Probably because stopping somewhere introduces a lot of risk that the insurance company isn’t prepared to cover, such as… you know, being robbed at a gas station…”
“Oh,” replies Pete.
Next week we will begin to take a look at the gas station owner’s policy.
For Gas Station Insurance in Louisiana, There’s No Better Agency to Call.
When it comes to finding great rates on Gas Station Insurance in Louisiana, there’s no better agency to call than Jeff Davis Insurance. Speak to an agent today by dialing 337-824-4455.
Alternately, you can click the location below nearest to you to access our online quote request form:
