Thursday, October 30, 2014

Save the Date for Winterfest 2015!

Who is ready to go to the Beach?

Save the date for Saturday, February 28th, 2015 for the 19th annual Winterfest celebration.  Insure the Lake and Steve Naught are members and supporters of this can't miss event of the year.  This years event will be at the Tan-Tar-A resort and it should be one of the BIG events of the winter.  Bring your swimsuit, towel, sun tan lotion and beach party attitude!  The beach will open at 5:30pm and you can join us for a "night in the sun" with incredible music, friends and fun!

Here are a few things that you can expect to enjoy when you attend.
  • Silent and Live Auction
  • Wine Pull
  • Photo Booth 
  • Professional Photography available
  • Buffet Style Dinner provided by Tan-Tar-A
  • Live Music
  • Dancing
  • Door Prizes
  • Other special events

How do I get tickets?

A quick and easy way to get your tickets is to give me a call at 573-348-2794!  Tickets are $60 per person and are also available via any Daybreak Rotary member.  You can also visit or call 573-348-2794 and someone will help you.

Who does the proceeds from this event help? 

Proceeds from this fund raising event helps nearly 40 LOCAL organizations and we give away ten's of thousands of dollars every year thanks to these type of events.

Insure the Lake thanks you in advance for your generous support of this event and we hope to see you on February 28th at Tan-Tar-A!

Rotary International is the world's first service club organization, with more than 1.2 million members in 33,000 clubs worldwide. Rotary club members are volunteers who work locally, regionally, and internationally to combat hunger, improve health and sanitation, provide education and job training, promote peace, and eradicate polio under the motto Service Above Self.

We proudly serve the Lake of the Ozarks Areas and surrounding communities with the caring and involved approach defined by Rotary International. We are comprised of business people and community leaders and we offer opportunities for hands on involvement in improving our community and the world.

Delivering all of your Lake of the Ozarks Insurance needs - Insure the Lake!
We can help you with all of your Lake of the Ozarks insurance needs. You can have peace of mind.   Contact us for a FREE quote request.

Steve Naught, CIC

3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191

Wednesday, October 22, 2014

Protect your family - Update your Life Insurance Beneficiaries!

Life Insurance is a great way to ensure that your family will not endure financial hardship in the event of your death.  At Insure the Lake, we provide you all your options to allow you to make a good decision on how much coverage is needed to protect your family.  One of the important elements of any Life Insurance policy is identifying your beneficiaries.  Keeping this information updated is also important if you have recently gone through any life changes such as a divorce, new child, or change in your family situation. 

Types of Beneficiaries

Primary beneficiary – This will be the primary person who will receive the proceeds from your life insurance or financial accounts. You can name multiple primary beneficiaries, and they will then share the assets.

Contingent beneficiary – These people are the “backup,” or secondary, beneficiaries because they will only receive the proceeds of your accounts if the primary beneficiaries have died, cannot be located or refuse to accept.

It Matters!

Your will takes a back seat to these beneficiary designations in case of your death.  This includes:

  • Life Insurance
  • Retirement Savings
  • Financial accounts
  • Other assets
If you have not listed anyone as a beneficiary, your assets will follow a default order to determine who will receive it, such as your spouse, your children, your parents and then your siblings. Listing a beneficiary—and keeping it updated—will save time, effort and potential conflict after you’re gone.

Common Mistakes

Even after naming a beneficiary, you need to update the names whenever there’s a change in who receives your assets. A few common mistakes include not adding a spouse after marriage, not adding children as they are born, leaving an ex-spouse named after a divorce and leaving parents and siblings listed after you married and started your own family.

Update whenever you have a significant life change!

Whenever you experience a life change such as marriage, divorce, death of a spouse or child, birth of a child or grandchild or similar event that alters your family, you should review your beneficiary designations and make any necessary changes. You should also update your beneficiary listing when a beneficiary changes his or her name, such as an adult child getting married. If you’re not sure how to change your beneficiary, check with your human resources department, Lake of the Ozarks life insurance carrier or financial institution, and someone there should be able to guide you to the correct forms or process to change it.

Delivering all of your Lake of the Ozarks Life Insurance needs - Insure the Lake!

We can help you with all of your life insurance needs. You can have peace of mind.   Contact us for a FREE quote request.

Steve Naught, CIC

3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191

Friday, October 17, 2014

You just had an auto accident - now what?

Sometimes life throws you a curve ball and you have an auto accident.  Insure the Lake knows that this can be a very stressful situation and we wanted to provide you some guidance in the event you find yourself in a non injury accident with another motorist.

Auto Accident Reporting Procedures

Do you know what to do in the event of an auto accident?  Typically, a Lake of the Ozarks auto insurance policy will request that you report all claims promptly and should notify your agent as soon as possible after an automobile accident.  At that time your agent will likely report your claim to the insurance company and an adjuster will be assigned to handle your claim. 

There are certain steps you should take prior to calling your agent in the event of an accident.  First, you should report the accident to the police so they can file a report and assist any injured parties.  Next, you should record information about the other people involved in the incident such as: Names, addresses, phone numbers, insurance carriers, vehicle type and license numbers.  You should take pictures of the accident if a camera is available.   

If your vehicle is not drivable have it towed to a garage, but do not authorize repairs until an adjuster gives approval.  After this is done, you should contact your Lake of the Ozarks insurance agent with the information you gathered.  You should not admit fault and it is best to avoid discussing the accident details with anyone other than the company, your agent or the authorities.

If you have employees driving for your business it is a good idea to go over what is expected of them in the event of an accident.  It may even be helpful to create an accident kit to keep in the glove box to assist in documenting an occurrence. The kit should include paper to obtain information, a pen, emergency contact numbers, an accident report form to go over the information needed and a disposable camera to document the damage.  You may also wish to provide a medical kit in case it is needed.

Your drivers represent your business and are the front line in gathering the facts about the accident that will help to represent you.  The more information gathered, the better your company will be able to defend you against possible lawsuits that may result from an incident.  Be sure to discuss the process with your insurance professional.  Proper planning is no accident.

Delivering all of your Lake of the Ozarks Auto Insurance needs - Insure the Lake!

We can help you with all of your auto insurance needs. You can have peace of mind.   Contact us for a FREE quote request.

Steve Naught, CIC

3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191
Send Email

Wednesday, October 8, 2014

Navigating the Homeowner's Insurance landscape - What is the difference between Replacement Cost vs Market Value?

Do you know the difference between Replacement Cost and Market Value in your Lake of the Ozarks homeowners insurance policy?  It is interesting how often the topic arises when someone is purchasing a new property or refinancing an existing structure. 

Many people feel they are interchangeable, yet they can be very different amounts.  Replacement Cost is the price to replace property with comparable material and quality.  This is also known as replacing property with “like kind”.  Market Value is the accepted price between buyers and sellers based on supply and demand.


Sometimes the replacement cost and market value of a property are similar to each other, yet here at the Lake of the Ozarks there can be a drastic difference between the two valuations. For example, a home buyer wishes to purchase a 1,500 square foot home that is located on the waterfront at the point overlooking the main channel of the lake.  The purchase price of the home may exceed $500,000; however the insurable value may be closer to a replacement cost of $250,000. 

If the home were to burn to the ground the insurance company would pay to replace the structure, but they would not pay for the cost of the land or the value of the view of the lake.  This can create a dilemma for the lending institution that wishes to cover the interest of their loan which may be 2-3 times the replacement cost value of the home.  In converse there are instances where the replacement cost is much more than what the market values is due to economic circumstances.  This causes its own set of problems.

This topic becomes an even more interesting discussion when you throw into the mix multifamily living units such as condominium associations.  When purchasing a unit in a condo association you are buying much more than a section of a building. You are getting all of the amenities that come with community living.  The total cost to construct a 20 unit condo building may be 3 million dollars.  The market value or selling price of each unit is $250,000.  This does not necessarily make the market value of the building 5 million dollars and it is definitely no reflection of the replacement cost of the structure. 

The market value reflects the additional facilities and advantages associated with community living.  The perks that add to the market value but add nothing the replacement cost of the building may include: use of a swimming pool, parking lot or facility, common grounds, dock, well house, treatment plant, cost of land, the view etc… 

Most Lake of the Ozarks insurance agents have replacement cost guides that allow them to come close to the value of the building; however the best way to come up with the replacement cost of a structure is to discuss it with your local contractor.  Be sure to review your values and limits each year and discuss questions on the claims paying process with your agent.

Delivering all of your Lake of the Ozarks Homeowners Insurance needs - Insure the Lake!

We can help you with all of your homeowner insurance needs. You can have peace of mind.   Contact us for a FREE quote request.

Steve Naught, CIC

3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191
Send Email

Thursday, October 2, 2014

We can insure your restaurant - Great Coverage and Competitive Prices!

Protect your Restaurant from the unexpected!

We know the restaurant insurance marketplace and work with multiple companies with appetites for restaurants to give you the most competitive coverage available. Just as each restaurant is different, every insurance company has their unique underwriting. Some have strict guidelines in order to maintain the best pricing while others are more open to alternative types of risks that some restaurants present. You can have the best of both worlds.

Much Can Go Wrong in your Restaurant Due to the Nature of the Business
Fire, Slip and Falls, Equipment Breakdown, Food Spoilage, Employee Theft
  • Claims cost you more than money. They cost time and grief. 
  • How long will it take to get back in business? 
  • Who pays your employees, the electric bill, phone water, sewer? 
  • Do you have coverage?
  • Are you covered correctly?
We Cater to ALL groups
Here is a partial list of groups that we can help:
  • Restaurants
  • Bars
  • Nightclubs
  • Private Clubs
  • Fine Dining
  • Fast Food
  • Delivery
  • Taverns
  • Convenience Stores
  • Package Liquor Stores
  • Banquet Facilities
  • Fraternal Organizations

Our "Menu" of services

Restaurant Insurance FAQs

We understand that each business has unique needs and flexibility with insurance is key!  Here is our menu of services we can offer you:


  • Flexible Underwriting
  • Safety Program
  • Flexible Billing Plans
  • Seasonal Coverage
  • Loss Control Services
  • Security Camera Credit
  • Dock Coverage including Snow Collapse


  • Business Income
  • Theft
  • Employee Dishonesty
  • Medical Payments Coverage
  • Money & Securities
  • Disparagement of Reputation
  • Hired and Non-Owned Auto
  • Ordinance & Law


  • Food Contamination
  • Equipment Breakdown
  • Spoilage
  • Employee Theft
  • Forgery or Alteration
  • Backup of Sewer
  • Valuable Papers & Records
  • Credit Card Forgery

Sweet Stuff

  • Coverage Review
  • Power Interruption
  • Key Employee Life Insurance
  • Delivery Coverage Catering
  • Free Building Valuation
  • Employee Benefits
  • EFT Available

From the Bar

  • Liquor Liability
  • Assault & Battery Coverage (Many policies exclude this)
  • Server Training
  • Happy Hour

We cover you 24/7, so when the unforeseen happens you have peace of mind!


Restaurant General Liability
Defends you from covered lawsuits such as
bodily injury and property injury you cause.
Physical damage coverage for your
buildings; tenants, improvements and
business personal property.
When employees have accidents such as slip
& falls, cuts, burns, and other injuries, workers
comp pays for medical bills and time off
while protecting you at the same time.
Not just for your Mai Tai. This covers you
when your underlying liability limits run out,
to further protect your restaurant business

Delivering all of your restaurant needs - Insure the Lake!

If set up properly by your agent, your insurance company helps with all of these. You don't have to close the doors for good. You can have peace of mind.   Contact us for a FREE quote request.

Steve Naught, CIC

3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral

T: 573-348-2794
F: 573-348-0191
Send Email