What Is Gap Insurance for Motorcycle Coverage?

Posted on January 30, 2026January 16, 2026 by admin

A motorcycle may be one of the most exciting purchases you’ll ever make, but it also comes with hazards. Motorcycles may go unseen as motorists turn or switch lanes, and they may also depreciate faster than riders realize. Gap insurance, also seen as “GAP insurance,” can help protect your investment on the road and off. At Swartz Premier Group Insurance, we’ll fill you in on what gap insurance means and what it covers.

What Is Gap Insurance?

Gap insurance is the abbreviation for Guaranteed Asset Protection insurance. If you get a motorcycle policy with gap coverage, it means that your insurance pays you the difference between your remaining loan/lease balance and the actual cash value (depreciated value) of your motorcycle. If your motorcycle is considered a total loss due to a covered incident, gap insurance will cover any remaining balance on your loan or lease. In some cases, it might even cover your deductible.

Does Gap Insurance Cover Repairs?

No, it doesn’t cover repairs. Gap insurance in Moberly, MO, only covers a total loss, whether from theft or damage. For example, if your bike is stolen a year after you bought it for $18,000, and its value has dropped to $15,500 by then, gap insurance will cover the $2,500 difference left on your loan. Gap coverage can make up the difference, so you can buy a new bike and get back out there.

At Swartz Premier Group Insurance, serving Moberly, MO, our staff knows that financing a bike can be a great way to secure the motorcycle of your dreams. Contact us to learn more about protecting your motorcycle investment by adding gap insurance to your policy.

Should I get Motorcycle Insurance For My E-Bike?

Posted on December 31, 2025December 3, 2025 by admin

E-bikes have become increasingly common on Missouri roads, blending the feel of traditional cycling with a little extra assistance from the motor. As more riders use them for commuting or weekend rides, one question keeps coming up: Should you get motorcycle insurance for an e-bike? The answer isn’t automatic, because it depends on the kind of e-bike you own and how Missouri classifies it. Swartz Premier Group Insurance, serving Moberly, MO, can help you navigate your e-bike and motorcycle insurance needs.

How Missouri Defines E-Bikes

Missouri uses three classes of e-bikes: Class 1 (pedal-assisted) and Class 2 (throttle-assisted) up to 20 mph, and Class 3 (pedal-assisted) up to 28 mph. As long as the bike fits within those limits and still has operable pedals, the state doesn’t treat it like a motorcycle. That means you don’t need a motorcycle license, registration, or insurance to ride it legally. However, Class 3 e-bikes have age restrictions, as well as restrictions on where they can be ridden.

The rules sound simple, but a gray area emerges when riders use high-powered models or make modifications that push the bike beyond its class.

Why Some Riders Still Want Coverage

Even when insurance isn’t required, it’s worth thinking about your financial exposure. E-bikes can get expensive, and many homeowners and renters policies don’t fully cover damage or theft, especially if the loss happens away from home. Liability exposure is another piece that riders overlook. If an accident occurs and someone is injured, the financial fallout can be substantial, and the legal liability can become complex. Home insurance add-ons, standalone e-bike insurance or motorcycle insurance can fill the gaps.

What To Consider Before Deciding

Your riding habits, the bike’s value, and the locations where you ride all play a part. Some riders want peace of mind for daily commuting, while others only need seasonal protection. A quick conversation with your Missouri insurance agent at Swartz Premier Group Insurance, serving Moberly, MO, can help you sort out which category your e-bike falls into and whether motorcycle insurance or another type of policy makes sense for how you ride.

Do You Need Commercial Insurance To Run a Vacation Rental?

Posted on November 28, 2025November 19, 2025 by admin

Running a vacation rental is a great way to turn your property into a side hustle. For the most part, guests don’t cause damage, making this a great source of passive income. However, it’s crucial to know the insurance basics before you say your property is available.

Homeowners Insurance

Most homeowners have insurance through a homeowners policy, but those usually won’t cover a vacation rental. Most policies specifically exclude anything that counts as “business use.” In Moberly, MO, hosting a vacation rental is considered running a business. It’s essential to carry commercial insurance.

Commercial Insurance for Vacation Rentals

Commercial policies will cover the property while it is used as a short-term rental. If you alternate between staying in your home and using it as a short-term rental, your commercial policy will cover business use, while your homeowner policy will cover you while you’re staying in the house. Note that coverage varies among companies. Speak with a representative at Swartz Premier Group Insurance to learn the details.

Obtaining a commercial policy can bring you peace of mind. These policies often cover lost rental income if the property isn’t inhabitable. They can cover damage from guests and provide crucial liability protection in case a guest sues you.

Missouri Requirements

Although Missouri doesn’t mandate comprehensive commercial insurance for short-term rentals, there are a few regulations to keep in mind. Rental owners are often required to obtain liability policies and proper permits. You may need a business license and rental certificate of compliance. You must meet occupancy guidelines based on the size of your home.

Agents at Swartz Premier Group Insurance can help you learn more about commercial insurance in Moberly, MO. Contact us to learn your options as a vacation rental host.

Why LIfe Insurance Should Be Part of Your Estate Plan

Posted on October 31, 2025October 21, 2025 by admin

You may think that only a lawyer can help with an estate plan in Moberly, MO. However, Swartz Premier Group Insurance can help you round out your estate plan with a life insurance policy that meets your family’s needs. A wisely chosen life insurance policy can help fill the gaps in your estate plan.

Provides Tax-Free, Immediate Cash

When someone dies, survivors can be left with many bills, including final expenses and debts. This is especially burdensome if the person was young and the death is unexpected. A life insurance policy provides cash to pay for the funeral and estate taxes, if applicable.

A life insurance policy avoids creditor claims and probate, the legal process of settling a deceased person’s estate. This ensures your wishes are carried out and your loved ones are financially secure. The proceeds from a life insurance policy can also help your family cover lost income, as well as ongoing living expenses.

Protecting Your Assets

For high-net-worth individuals, buying a life insurance policy can prove invaluable. Some people place the life insurance policy inside an irrevocable life insurance trust to hold the policy ownership. This move can help prevent a third party from seizing the assets after your death because you technically don’t own the policy.

Additional Considerations

Life insurance policies have many different uses. For example, you can use the proceeds to:

Fund charitable contributions
Provide estate equalization among beneficiaries
Simplify estate planning for individuals in second marriages
Fund a special needs trust
Help pay for long-term care

Determining what type of life insurance policy will meet your goals is part of the process. You can count on the staff at Swartz Premier Group Insurance, serving Moberly, MO, to explain your options. Contact our office to get started.

What Is Dwelling Coverage for Home Insurance?

Posted on September 30, 2025September 22, 2025 by admin

Dwelling coverage in Moberly, MO is likely what comes to mind when you think of home insurance. This essential coverage pays for the cost to rebuild or repair your home if a covered event damages it. However, at Swartz Premier Group Insurance, we understand that dwelling coverage can be easily misunderstood, especially when it comes to what it doesn’t cover. Here, we’ll help you ensure your policy protects what matters most.

What Does Dwelling Coverage Cover?

Dwelling coverage is the part of your policy that pays to restore the physical structure of your home if a covered event damages it. While coverage varies by policy, common covered events include fire, smoke, wind, and vandalism. For instance, if a windstorm causes a tree branch to fall onto your roof, you can file a claim to have your roof repaired.

What Does Dwelling Coverage Exclude?

Dwelling coverage in Moberly, MO does not cover personal property, meaning you can’t file a claim under this coverage if items like your TV or laptop are damaged by smoke from a kitchen fire. Additionally, standard policies typically exclude events like flooding or earthquakes, which require separate coverage. Dwelling coverage may also exclude other structures on your property, such as detached garages or sheds.

Is Dwelling Coverage Subject to a Deductible?

Yes, dwelling coverage is subject to a deductible, which you’ll need to pay according to the terms of your policy.

If you have questions about dwelling coverage or how it fits into your current home insurance policy, it’s helpful to get expert advice. At Swartz Premier Group Insurance, we’ll guide you through the specifics of your options, so you can confidently file a claim for wind damage to your newly built porch. Contact us today to learn more about our policies!

Classic Car Insurance vs. Auto Insurance: What’s the Difference?

Posted on August 29, 2025August 22, 2025 by admin

Classic car insurance differs from standard auto insurance in how it views and protects older automobiles. While auto insurance focuses on keeping your car operational and safe on the road, classic car insurance prioritizes preserving the vehicle’s pristine condition off the road and maintaining its financial value. Both types of insurance offer protection, but they do so in different ways.

What Does Classic Car Insurance Offer That Auto Insurance Doesn’t?

Classic car insurance in Moberly, MO, is tailored for older vehicles, typically 20 years old or older. Unlike auto insurance, which treats all vehicles the same, classic car insurance recognizes the increasing value of older cars. Auto insurance depreciates vehicles over time, while classic car insurance appreciates their value. Premiums for classic car insurance are often inexpensive due to the car’s age and value. Additionally, the add-ons are as unique as the car itself. At Swartz Premier Group Insurance, we offer specialized options, including:

Original parts coverage
Restoration coverage
Specialized roadside assistance
Memorabilia/automobilia coverage

In contrast, auto insurance add-ons focus more on general driving needs and lack the specialization offered by classic car insurance.

What Does Classic Car Insurance Lack Compared to Auto Insurance?

Classic car insurance treats vehicles on its policies as secondary vehicles. These cars are typically driven less than 5,000 miles per year and must be stored in an enclosed indoor area. Securing classic car insurance can be challenging, as drivers must have a satisfactory driving record, and the car must be in good condition. Auto insurance does not have these restrictions, making it more accessible for everyday vehicles.

If you’re wondering whether your car qualifies for classic car insurance, an agent at Swartz Premier Group Insurance can help. We’ll search our list of carriers to find a policy that fits your vehicle. While some carriers have strict guidelines for what constitutes a classic car, others are more lenient. Not every policy requires your vehicle to be a collector’s item to qualify. There’s a classic car insurance policy for you. Contact us in Moberly, MO, for more information on classic car insurance.

Does Your Policy Cover You for Guest Injuries in Your Condo?

Posted on July 31, 2025July 22, 2025 by admin

Hosting friends or family in your condo is one of the joys of homeownership. Whether it’s a casual dinner or a weekend gathering, you want your guests to feel safe and comfortable. But what happens if someone slips on a wet floor or trips over a rug and gets injured? At Swartz Premier Group Insurance in Moberly, MO, we understand how important it is to know exactly what your condo insurance covers—especially when it comes to guest injuries.

Personal Liability Coverage: Your Safety Net

Most condo insurance policies include personal liability coverage, which is designed to protect you if someone is injured while visiting your home. This coverage typically helps pay for medical expenses, legal fees, and even potential settlements if you’re found legally responsible. It’s a safety net that can make a significant difference in a stressful situation.

Understand Policy Limits and Exclusions

While liability coverage is standard, it’s crucial to understand your policy’s limits. Every policy has a maximum payout amount, and if the costs exceed that limit, you may be responsible for the remaining expenses. Additionally, not all incidents are automatically covered. For example, injuries caused by pets or unsafe conditions you were aware of might be excluded from coverage.

Review Your Policy and Be Prepared

The last thing you want is to be caught off guard when an accident happens. Taking a few minutes to review your policy now can save you time, money, and stress in the future.

If you’re unsure about what your current coverage includes or think it’s time to reassess your policy, contact Swartz Premier Group Insurance in Moberly, MO. We’re here to help you feel confident and covered—no matter who comes knocking at your door.

How to Document Your Belongings for a Renters Insurance Claim

Posted on June 30, 2025June 19, 2025 by admin

When it comes to renters’ insurance, having proof of what you own can make all the difference during a claim. At Swartz Premier Group Insurance in Moberly, MO, we often hear from clients who wish they had taken the time to document their belongings before an unexpected event. While it may not be the most exciting task, it can save you time, stress, and money.

How to Document Your Belongings

Start with a Walkthrough

Grab your phone or camera and do a simple walkthrough of your apartment or rental home. Narrate as you go—mention the brand, model, or condition of items if you can. Don’t forget smaller valuables, such as jewelry, electronics, or collectibles. Even your kitchen gadgets and clothing can add up more than you might think.

Keep a Written Inventory

In addition to photos or videos, jot down a list of your items. Include purchase dates, estimated values, and serial numbers if available. You don’t need to be perfect—just be thorough. Apps and spreadsheets can help keep everything organized and make updates easy.

Store Your Records Safely

Once you’ve documented everything, make sure your records are stored securely. Cloud storage is a great option, and you may also consider emailing a copy to yourself or a trusted family member. If you prefer paper, keep it in a waterproof, fireproof safe.

Stay Up to Date

Any time you make a big purchase or get rid of something significant, take a moment to update your list. It’s a small habit that pays off in a big way if you ever need to file a claim.

To learn more about how renters’ insurance can offer extra protection, reach out to Swartz Premier Group Insurance in Moberly, MO. We’re here to help you stay prepared and protected.

Can I Bundle My Motorcycle Insurance?

Posted on May 30, 2025May 27, 2025 by admin

As a motorcycle owner in Moberly, MO, you might find the idea of bundling insurance appealing, particularly if you have other policies such as home, additional vehicles, or even renters’ insurance. Wondering about options for consolidating your policies to save on premiums and simplify insurance management possibly? Well, at Swartz Premier Group Insurance, we’re more than ready to help you navigate the process of finding suitable policies and bundles for your needs.

Which Policies Can You Combine?

Here are some examples of insurance policies that typically can be merged:

Motorcycle + Auto: If you drive your vehicle throughout the year and ride your bike usually between April and October (before winter), combining your auto insurance with your motorcycle’s coverage could be ideal for you.
Motorcycle + Home/Renters: This combination might be ideal for first-time homeowners and MACC students.
Motorcycle + RV/ATV/Boat: A useful combination if you’re a seasonal rider or if you enjoy various trails throughout the year.

The Benefits Of Bundling

Lowered Premiums: Bundle your policies to reduce your premiums potentially.
Single Deductible: Having a bundled policy means that with each claim you file, you can do so with a single deductible.
Manageable Billing: Simplify the process of reviewing, reassessing, and paying for your combined insurance policies.
Enhanced Coverage: If several policies are in force, you may be able to add OEM part replacements or increased medical coverage to your insurance.

It’s essential to understand your insurance options as a motorcycle owner, regardless of whether you ride your bike year-round or seasonally. Every time you intend to ride your motorcycle, ensure that you have comprehensive insurance for proper protection and tranquility. If you own a motorcycle in Moberly, MO, and you’re curious about the bundling options available to you (depending on your current policies), why not contact Swartz Premier Group Insurance for a consultation today?

The Importance of Reviewing Your Policy After a Business Expansion

Posted on April 30, 2025April 22, 2025 by admin

Expanding your business is an exciting milestone. Whether you’ve opened a new location, added more employees, or upgraded your equipment, growth brings new opportunities—and new risks. At Swartz Premier Group Insurance, proudly serving business owners throughout the greater Moberly, MO region, we often see business owners so focused on expansion that they forget to review their commercial insurance policies. That oversight can lead to costly gaps in coverage.

Growth Changes Everything

When your business grows, your risk profile changes. Maybe you purchased new machinery, hired additional staff, or started offering new services. All of these changes can impact your insurance needs. Your existing policy was designed for the size and scope of your business at the time it was written. If you haven’t updated it, it might not be enough to protect your expanded operations.

Don’t Wait for a Claim to Discover a Gap

One of the biggest mistakes business owners make is assuming their current policy automatically scales with their growth. Unfortunately, that’s not the case. For example, if you’ve added a second location but haven’t listed it on your policy, damages from a fire or theft at that site may not be covered. The same applies to new equipment or employees not accounted for in your current limits.

Let Us Help You Stay Protected

Taking the time to review your policy after a business expansion isn’t just smart—it’s essential. You’ve worked hard to grow your business; now make sure it’s properly protected. If you’ve recently expanded or are planning to, reach out to Swartz Premier Group Insurance, serving the community in and around Moberly, MO. We’ll help you review your coverage and make sure you’re set up for success—whatever comes next.

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