What Type of Auto Insurance Do I Need for Older Paid-Off Vehicles?

Posted on February 27, 2026February 21, 2026 by admin

It feels great when you finally pay off your car. Without a lienholder, you have more flexibility with your auto insurance policy. However, fewer requirements do not mean fewer risks. Understanding Wisconsin’s insurance laws will help ensure you stay properly protected.

Liability Insurance Requirements in Wisconsin

Wisconsin requires all drivers to carry liability auto insurance. Liability coverage protects other drivers and their vehicles if you cause an accident. The minimum required limits are 25/50/10, which means:

\$25,000 bodily injury coverage per person
\$50,000 bodily injury coverage per accident
\$10,000 property damage coverage per accident

Keep in mind that liability insurance does not protect your own vehicle if it is damaged. To protect yourself, Wisconsin also requires uninsured motorist bodily injury coverage at 25/50.

These requirements apply whether your car is brand new or twenty years old.

Requirements Are Different for Paid-Off Vehicles

When a lender holds the title, they require both collision and comprehensive coverage to protect their financial interest. Once you own your vehicle outright, these coverages become optional under Wisconsin law. You decide whether the added expense fits your needs and budget.

Things to Keep in Mind for Car Insurance

The age and condition of your vehicle often play a major role in determining what coverage makes sense. Older vehicles typically have lower market value, which can make collision and comprehensive coverage difficult to justify. On the other hand, if you drive a newer model, protecting your investment may be worth the cost. Wisconsin’s severe weather is also a factor to consider.

An Expert Will Go Over Your Options With You

Choosing the right insurance setup for a paid-off vehicle does not have to be complicated. A knowledgeable agent can walk you through your options and help you determine the right level of protection. Contact Senz Insurance Agency Inc. in Beloit, WI, and our team will make sure you have the coverage you need.

Do Sole Proprietors Need Commercial Insurance?

Posted on January 30, 2026January 12, 2026 by admin

Sole proprietorship makes the dream of self-employment a possibility for many people. It doesn’t require the same legal filing as an LLC or corporation, yet lets you function akin to a business. Although your sole proprietorship may not have to register with the state of Wisconsin, you may need to obtain local licenses or permits and register with the Department of Revenue.

Since being a sole proprietor essentially involves running a business, we at Senz Insurance Agency, Inc., recommend commercial insurance. There are, however, some nuances to consider.

Becoming a Sole Proprietor Doesn’t Provide Automatic Liability Protection

Becoming a sole proprietor doesn’t provide protection from an insurance standpoint. It’s more for administrative purposes than legal or insurance protections. Don’t rely on being a sole proprietor as a replacement for having insurance. You’ll still have risk exposure from your business, possibly more than you had prior to starting a business. That’s why you’ll need to make sure you’re protected beyond your personal insurance policies.

Limits of Personal Policies

Homeowners insurance (or renters insurance) provides protection for personal property and liability risks that you, as an individual, face. These policies offer little to no protection for business activities, including work as a sole proprietor. In fact, most policies exclude coverage for business operations. Homeowner’s policies typically include basic coverage for home businesses, but the limits are extremely low and only apply to inventory. Your business liability, including any unintentional damage you cause to others, isn’t covered at all. If someone sued you, you wouldn’t have coverage. You might also put your home or renters insurance policy in jeopardy for not declaring your home-based business.

The team at Senz Insurance Agency, Inc. can review your current insurance to see whether it’s sufficient or if you should expand your protection.

Get Commercial Insurance

Business owners policies (BOPs) offer bundled, affordable protection that is suitable for many businesses. Commercial package programs bundle multiple coverages to provide highly customized solutions tailored to specific business types.

There are multiple insurance companies offering these policy options to sole proprietors in Beloit, WI. Contact our team for assistance in comparing your options. One of our agents will gladly help you check coverages and rates, so you can find a policy that’ll protect you well when working.

What To Know About Employment Practices Liability Insurance (EPLI)

Posted on December 31, 2025December 12, 2025 by admin

Employment-related lawsuits can devastate businesses of any size. Even frivolous claims can cost thousands in legal fees and settlements. That’s where Employment Practices Liability Insurance becomes essential protection for your business. At Senz Insurance Agency, Inc., serving Beloit, WI, we help business owners understand how EPLI shields them from costly workplace-related legal battles.

What EPLI Actually Covers

This coverage protects against claims involving wrongful termination, discrimination, harassment, and retaliation. It also covers less obvious issues like failure to promote, wage and hour disputes, and workplace privacy violations. Don’t assume your general liability policy handles these situations. It won’t. Employment practices claims require specialized coverage that understands the complexities of workplace law.

Why Every Business Needs EPLI

You might think only large corporations face employment lawsuits, but that’s completely wrong. Small businesses are actually more vulnerable because they often lack dedicated HR departments and formal policies. A single discrimination claim can cost $50,000 to $200,000 in legal fees alone, even if you win. Most businesses can’t absorb that kind of financial hit without serious damage.

Key Policy Features to Consider

Look for coverage that includes defense costs, settlements, and judgments. Make sure the policy covers both current and former employees, and even job applicants in some cases. Third-party coverage is valuable too, protecting against claims from customers or vendors alleging harassment by your employees. Wage and hour coverage has become increasingly important as these lawsuits multiply.

Don’t wait for a lawsuit to realize you needed protection. Contact Senz Insurance Agency, Inc., serving Beloit, WI, today to discuss EPLI coverage and commercial insurance products that fits your business size and industry risks.

Do You Need Umbrella Insurance? How Can You Tell?

Posted on October 31, 2025October 24, 2025 by admin

If you have a lot of assets, you may be considering umbrella insurance for financial protection. The more you know about umbrella insurance, the easier it is for you to decide whether this is the right type of insurance for you.

The professionals at Senz Insurance Agency Inc., serving Beloit, WI, can help you make a choice. We work with many insurance carriers and can help you find a policy that meets your needs.

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance that offers extended liability coverage. Umbrella insurance can extend liability coverage on an auto insurance policy, a home insurance policy, and other types of insurance. If you are sued for more than the liability coverage in your homeowners or auto insurance policy, umbrella insurance will kick in and offer additional coverage.

Who Needs Umbrella Insurance?

People who have many assets are often those who are most interested in umbrella insurance. If your assets are greater than the coverage amounts in your home and auto insurance policies, then you may be a good candidate for umbrella insurance.

People who are at higher risk of being sued may also be interested in umbrella insurance. For example, if you have a pool or a trampoline at home, then umbrella insurance may be a good option for you.

Shopping for Umbrella Insurance? Contact Us

If you’re shopping for umbrella insurance, the insurance representatives at Senz Insurance Agency Inc., serving Beloit, WI, can help you. Our insurance experts are available to answer your questions and give you information about umbrella insurance policies.

We work with many carriers and can shop around until we find an umbrella insurance policy that meets your needs. Call to speak with one of our insurance experts.

Life Changes that Call for Changes to a Life Insurance Policy

Posted on September 30, 2025September 24, 2025 by admin

A life insurance policy is an excellent way for any Beloit, WI, resident to provide for family and loved ones after passing away. However, purchasing a policy is not a one-time task. You will likely need to update your policy periodically to ensure it aligns with your current needs and circumstances.

Relational Changes

If you have gotten married or had children since purchasing life insurance, it is essential to update the policy to ensure the financial needs of your immediate family members are covered in the event of your passing. If you get divorced, you should update the policy promptly to name new beneficiaries. Other relational changes that may require updating your life insurance include adoption, remarriage (especially if you become a stepparent), or the passing of family members.

Financial Changes

As your career progresses and your financial situation improves, you may want to increase your benefit amount to provide greater security for your loved ones. If you take out a large loan to buy a house or start a business, you should ensure your life insurance policy covers the payments so your family does not have to worry about them. Conversely, if your financial situation worsens, reducing your benefit amount can help lower your overall expenses.

Need Help? Call Senz Insurance Agency Inc. for More Information

Senz Insurance Agency Inc. serves customers in and around Beloit, WI, offering a variety of term and whole life insurance policy options to meet the needs of people of all ages and backgrounds. Contact us if you need to update your policy or purchase a new one, and our team will help you find the policy that best suits your needs.

Winter Driving in Beloit: Auto Insurance Tips That Matter

Posted on August 29, 2025August 21, 2025 by admin

Winter in Beloit, WI, is a true test of patience and preparedness. Roads that seem safe in the morning can quickly turn into slick ice rinks by noon. Snow piles up at curbs and intersections, and visibility can drop dramatically in an instant. Even a quick trip to the store can feel like a risky adventure.

This is why Beloit drivers should review their auto insurance coverage before winter takes hold. At Senz Insurance Agency Inc., we understand how fast and unpredictably conditions can change, and we know how important it is to stay protected.

Are You Protected? Why Your Policy Might Not Be Enough

Assuming that “any auto policy will do” can be a costly mistake. Ice-related fender benders, frozen batteries, and damage caused by falling tree limbs are all common winter claims, but not every policy covers these incidents in the same way. Too often, drivers discover gaps in their coverage only after an accident occurs. By working with Senz Insurance Agency Inc., you can identify and close those gaps before winter weather puts you, your family, and your vehicle at risk.

Stay Safe: Smart Winter Moves Beyond Insurance

While having comprehensive coverage is essential, your safety also depends on your own habits and preparation. Protect yourself before winter hits by:

Scheduling an inspection for brakes, tires, and fluids
Keeping an emergency kit with water, gloves, blankets, and a flashlight (with extra batteries)
Allowing extra time and distance when driving on icy roads
Tracking weather forecasts to avoid driving during snowstorms

Take Action Before the Next Storm

Insurance is about security and preparedness, but it only works if your policy is current and comprehensive. The team at Senz Insurance Agency Inc. is ready to help you review your options and address potential risks so you can stay protected, no matter how unpredictable the winter season may be.

Does Umbrella Insurance Always Pay Lawsuit Settlements?

Posted on May 30, 2025May 28, 2025 by admin

Umbrella insurance provides additional protection to help keep your assets safe. It’s well-known for helping pay legal expenses, but it doesn’t always cover lawsuit settlements. You need to be aware of many clauses instead of assuming umbrella insurance will take care of it.

Homeowners’ Liability Lawsuits

People injured on your property can often sue, even if it’s something as seemingly minor as a trampoline accident, where the person knew the risk. Typically, homeowners’ insurance will cover most of the settlement. Umbrella insurance is designed to kick in and cover damages that exceed homeowners’ liability limits. Ask an agent at Senz Insurance Agency Inc. when umbrella insurance will kick in during these lawsuits.

Auto Accident Lawsuits

Umbrella insurance works similarly in auto accidents in Beloit, WI. It doesn’t automatically cover every penny of a settlement. Instead, it kicks in to cover the amount that exceeds your current coverage limits. For example, if a person’s medical bills from the accident are greater than the bodily injury limit in your policy, umbrella insurance can help pay the difference.

Defamation Lawsuits

Umbrella insurance is known for helping people who are being sued for defamation. It can often help cover the expenses of a legal team. In most cases, it can cover the cost of a settlement, provided it falls within coverage limits.

However, there are certain exclusions. Most umbrella insurance policies don’t provide coverage for malicious acts. For example, if you slander someone else’s name intending to ruin their reputation, you’re usually on your own when paying the settlement.

Umbrella insurance protects your assets if other insurance doesn’t provide enough coverage. You should always work with an experienced company like Senz Insurance Agency Inc. to ensure you understand how your policy works. Contact us today to learn more. We’re currently serving the Beloit, WI area.

How Commercial Insurance Helps Businesses Recover from Lawsuits

Posted on February 28, 2025February 26, 2025 by admin

Running a business comes with inherent risks, and one of the most challenging situations a company can face is a lawsuit. Legal battles can be costly and time-consuming, whether it’s a customer injury, a contract dispute, or an employee claim. Without the proper protection, a single lawsuit could put your business in financial jeopardy. That’s why commercial insurance from Senz Insurance Agency Inc., serving the Beloit, WI area, is essential for protecting your company and ensuring you can recover from legal challenges.

Covering Legal Costs and Settlements

Lawsuits often come with hefty legal fees, court costs, and potential settlements or judgments. General liability insurance can help cover these expenses, ensuring that your business isn’t forced to cover the cost out of pocket. Whether it’s a slip-and-fall accident or a property damage claim, this coverage provides financial support to help your business stay afloat.

Protecting Against Employee-Related Claims

Employees are the backbone of any business, but disputes can arise. Wrongful termination, discrimination, or harassment claims can lead to expensive legal battles. Employment practices liability insurance (EPLI) helps protect businesses from these types of claims, covering legal fees and settlements so that a lawsuit doesn’t derail operations.

Keeping Business Operations Running

When a lawsuit arises, it can disrupt daily operations and even damage your company’s reputation. The right insurance can help provide the resources needed to navigate the legal process while keeping your business running smoothly. With financial protection in place, you can focus on what matters most—your customers and employees.

If you want to safeguard your business against legal challenges, Senz Insurance Agency Inc., serving the Beloit, WI region, is here to help. Contact us today to explore commercial insurance options that provide the protection and peace of mind your business needs.

Can You Purchase Personal and Business Umbrella Coverage?

Posted on December 31, 2024January 5, 2025 by admin

Businesses and individuals in Beloit, WI, often ask Senz Insurance Agency Inc. about umbrella insurance. We’ve realized that most people don’t know that you can buy two umbrella policies—a personal umbrella policy and an umbrella policy for your business. Both insurance policies work to protect your liability separately.

Umbrella Insurance Quickly Explained

Any primary policy, such as an auto, home, or commercial insurance policy, that you buy through our agency qualifies you for an umbrella policy purchase. An umbrella policy, a secondary policy type, adds liability coverage, typically in increments of $1 million of coverage. Once a primary policy’s liability coverage pays out, the umbrella policy kicks in to pay the remainder of a settlement.

Personal Umbrella Coverage

When you buy a personal umbrella policy, it protects your finances from settlements arising from:

• Accidents at your home

• While you or a family member covered by your auto insurance operate your vehicle

• Libel or slander cases arising from personal activities, such as volunteering in your community.

Although it functions the same way, commercial umbrella coverage differs in the situations covered.

Commercial Umbrella Coverage

A commercial umbrella policy protects a business and its C-level employees from out-of-pocket settlements arising from business activities. Commercial umbrella covers every type of commercial liability, from a restaurant’s delivery driver causing an auto accident to its CEO libeling someone in a speech.

Contact Our Insurance Firm Today

Don’t let your Beloit, WI, business, or personal liability go unprotected. Call or email Senz Insurance Agency Inc. today to purchase your umbrella insurance policies. Cover all your bases with umbrella coverage.

What Can My Life Insurance Benefits Pay For When I Die?

Posted on November 27, 2024November 26, 2024 by admin

Life insurance is a very helpful type of insurance policy that can help your beneficiaries in the event of your death. When you die, your life insurance policy will pay your designated beneficiaries the amount stipulated in your policy – an amount you get to choose for each beneficiary.

People who sign up for life insurance should know that their beneficiaries will receive money and can control how much. At Senz Insurance Agency Inc., servicing Beloit, WI, we can help answer your questions about life insurance. Below are some common questions people ask before signing up for this type of insurance.

What Can Life Insurance Benefits Pay For?

Life insurance benefits can be used to pay for anything from a vacation to a mortgage. Many people will tell their beneficiaries that the money has an intended purpose, but the money can be used for anything. Some examples of ways that your beneficiaries might use your life insurance money:

Pay a mortgage
Pay for a child’s education
Pay bills and cover expenses that your salary might have covered

Who Can Be Named Beneficiary?

In some states, life insurance must be left to a spouse unless the spouse gives permission to do otherwise. In states that do not have this rule, the money can be left to anyone.

Are Life Insurance Benefits Taxed?

Life insurance benefits are not usually subject to income tax, but beneficiaries should consult with a tax professional after receiving this kind of benefit.

Do you have more questions about life insurance? The professionals at Senz Insurance Agency Inc. servicing Beloit, WI can help. We offer assistance to people who want life insurance, and we can help you choose a type of life insurance that’s right for you. Call today to make an appointment and learn more about life insurance policies.

Senz Redieske Insurance Agency, Inc.

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