Wednesday, December 30, 2015

Top 5 Winter Driving Mistakes

Winter weather, be it snow, ice or rain, can cause some dangerous driving conditions. As your Lake of the Ozarks insurance agent, I'm here to help you stay safe on the roads and avoid the need to file an auto insurance claim. Let's take a look at the most common winter driving mistakes and how to keep from making them.

1. Driving Too Fast. 


Slick roads will reduce the traction of your tires. It is important to slow down when the roads are wet or slick from rain, ice or snow. In fact, packed snow has about 25-30% of the traction of dry pavement. This means you should drive 1/4 your normal speed on snow covered roads. Adjust your speed according to current conditions, factoring in visibility, traffic, and traction, not just what the speed limit sign says.

2. Following Others Too Closely. 


Most drivers fail to keep enough distance between themselves and the vehicle in front of them. Keeping a safe distance from other vehicles becomes particularly important during inclement weather conditions. Slippery roads make it more difficult to stop in an emergency situation. Let off the gas a little and keep a safe distance between you and the vehicle in front of you. This buffer zone will give you and your car more time to react to these road conditions.

3. Correcting a Slide


The immediate response to avoiding an auto accident is to slam on the brakes and often times even swerve. When sliding on slick roads, these actions will only make the situation worse. If you find your car slipping or sliding on the road you are likely going too fast for road conditions.  Reduce your speed, do not use your brakes and carefully turn into the slide.  Overcorrecting is a major consern as correcting a slide may be difficult for most drivers.

4. Driving Fatigued.


Have you ever noticed how the weather can affect your energy and concentration? In fact, snowy conditions can cause up to four times the energy and concentration of regular driving. As fatigue sets in, drivers' skill levels reduce. Make sure you're well rested before attempting a road trip, especially if you may encounter snow or ice while driving.

5. Not Getting Your Car Ready. 


Even if you're the type of driver that regularly checks your oil, antifreeze and tire pressure, you should make sure your vehicle is ready for winter. In addition to your regular vehicle checks, you'll want to make sure to pack your car with emergency supplies including: a spare tire and jack, jumper cables, an ice scraper and brush, kitty litter (to gain traction, or melt snow or ice), a phone charger, a blanket, food and water. You never know when you'll be stranded in winter weather, so it's best to be prepared for anything! 

Sometimes the best insurance is just staying off of the road when bad weather strikes.  Giving road crews extra time to do their job can be a big help as well.  If you must be on the road then always be careful, wear your seat belt and allow for extra travel time.

In the event that an accident does occur, you want to make sure your auto insurance at the Lake of the Ozarks is up to date! Give Insure the Lake a call at 573-348-2794 to review your policy today. For all your Lake of the Ozarks insurance needs, personal or business, we've got you covered! 

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Wednesday, December 23, 2015

9 Life Changes Affecting Your Insurance Coverage

The new year is upon us - we've made it through 2015. As we look forward to a new year filled with new adventures and excitement, think back about the past year - did anything major happen in your life that could prompt a need to update your Lake of the Ozarks insurance coverage? Take a look at these common situations affecting insurance coverage and talk to your insurance agent at the Lake of the Ozarks about updating your policy today.

1. Getting Married. 


Whether it's your first marriage or you're in the process of combining two households, many of your insurance policies are going to need updated. Start with your property or homeowners insurance. You're going to need to make sure that you have enough coverage for your home, which is most likely larger than before, as well as all the added contents when you combined your stuff together. You will also need to update the names on all your policies to include both you and your new spouse. Another key aspect to review is health insurance, does your spouse's employer offer better health coverage than what you already have?

2. Having a Baby.


If you're having a baby, the most obvious insurance change will be to your health insurance plan. Not only will you need insurance to cover doctors appointments and hospital fees, but the new baby is going to need health insurance coverage as well.  Be sure to review your life insurance for yourself and look into a policy for your children.

3. Remodeling Your Home.


When you remodel your home, you're changing it's value. Your homeowners insurance policy is based upon the value of your home and any changes you make to that need to be reported to your Lake of the Ozarks insurance agent. You want to make sure that if something happens to your home, that new addition, as well as any new contents that go along with it are also covered. Remodeling your home is a big investment and you'll want to protect it.

4. Changing Careers.


If you get a new job or switch careers, your income is probably going to change. Since the new health insurance plans are based on income, it is important to report any changes in income to your health insurance provider. A change in income can also affect your life insurance needs. Take a look at all your policies when there is a change in your income.

5. Moving to a New State.


Since all states have different insurance laws, it's important to review all of your policies when you make a move. While it probably seems obvious to update your homeowners insurance to reflect your new home, you also need to take a look at your auto, health and life insurance coverage too. If the cost of living is higher where you moved you, you'll want to make sure your insurance policies reflect that increase in coverage that you'll need.  If you've recently moved from out-of-state to the Lake of the Ozarks area, Insure the Lake is here to help you with all of your insurance needs, whether it be personal or business. 

6. Transferring Ownership of a Business.


If you aquire a business or take interest in a business as a partner, a look at both personal and business insurance policies is needed. Keep in mind that when you buy an existing business you normally can't just "take over" the prior owners insurance policy, so discuss this with your agent before the closing.
A business owner's financial security is often tied to the business. There needs to be sufficient coverage in place, such as life and disability insurance. Having a buy-sell agreement that identifies the value of the business and the right type and amount of insurance allows for a transfer of ownership in the future.

7. Experiencing a Death in the Family.


In the event of a death in the family, hopefully that person had life insurance coverage. Keep in mind that it's never too early to get life insurance, so talk to an agent now if you don't have any. After death, you will need to update all your insurance policies to remove their name and make sure the rest of the family they left behind has adequate coverage. While this is a difficult time to think about things such as insurance, you want to make sure there aren't any gaps that could cause further hardship.

8. Onset of an Illness or Accident.


Any policies that are affected by your health status should be updated regularly. These policies include life insurance, disability insurance, health insurance, and long-term care insurance. If there is a sense that something has developed medically that might affect your insurance planning, it is important to actively review your insurance policies while you still have the ability to do so. However, don't wait until it's too late to get life coverage. The younger and healthier you are, the easier it's going to be to obtain a policy that best fits your needs.


9. Adding a Teen Driver to the Household.


Statistically, teen drivers increase the possibility of unsafe driving, as they don't have as much experience as older drivers. Since teen drivers pose a higher risk to insurance companies, you will see an increase in your car insurance premiums. With that being said, at least you know that you're covered in the event an accident would occur. Better safe than sorry when it comes to the dangers of the road.  Be sure to ask your agent about possible Good Student Discounts that may be available with your company.

Major life events such as these can affect multiple areas of your insurance coverage. Therefore, it's important to get with your Lake of the Ozarks insurance company to update your policy when a major event happens in your life. At Insure the Lake, we're here to help you stay protected at home, on the road and in your business. Give us a call at 73-348-4794 for all your insurance needs! 

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Thursday, December 17, 2015

Replacement Cost vs. Market Value

When it comes to putting a value on your home, there's a big difference between how much you could get out of it if you sold it and how much it would cost to rebuild an identical one if something were to happen to it. As a homeowner, it's important to know the difference between these values, especially when choosing how much Lake of the Ozarks insurance coverage you need.

Replacement Cost


The replacement cost of your home is exactly what it sounds like: the amount of money it would cost to "replace" your home in the event of a loss. When you insure your home for it's replacement cost, your insurance company at the Lake of the Ozarks will reimburse you for the cost of rebuilding or repairing your home, based on the size and structure of the home that was lost or damaged. The best way to figure out the replacement cost of your home is to have a contractor provide a detailed bid.

Market Value  


The market value of your home is the amount that a buyer would pay to purchase both your home and the land it sits on, in its current condition. Unlike replacement value, the market value is influenced by factors beyond the material and labor costs of repairs or reconstruction. These influences can include: proximity to good schools, local crime statistics and the availability of similar homes.

Homeowners Insurance Coverage 


In some cases, the market value of your home can be quite a bit lower than the replacement value. Make sure that your Lake of the Ozarks homeowners insurance coverage is adequate for your needs. It will need to cover not only the cost of rebuilding the structure, but also the cost for replacing all of your homes contents. This is where a home inventory checklist can come in handy!

A homeowners policy gives you financial protection in the event your home or contents are damaged in a loss. In many cases your policy also grants some coverage to other structures such as sheds, detached garages and docks. Not all policies cover docks or other structures for collapse, which can be a major issue at the Lake of the Ozarks during the winter. For more information on making sure you have adequate homeowners coverage, give Insure the Lake a call at 573-348-2794.

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Wednesday, December 9, 2015

Holiday Decorating: 8 Safety Tips

With Thanksgiving behind us, many of you are already starting to decorate your homes for Christmas. As your Lake of the Ozarks insurance agent, I care about the safety of you and your family. Here are a few safety tips to keep in mind while you're decorating for the holidays this year:

1. Keep Decorations Away from Heat Sources. 


If you have a fireplace, it's especially important to keep your Christmas tree (particularly live ones) and other decorations away from the flames. However, you should also be careful about putting decorations near heaters, heating ducts, radiators and your kitchen appliances, such as the stove. You'll also want to keep your tree out of entryways and other high-traffic areas to prevent injuries.

2. Hydrate Your Tree. 


A dried out tree can catch fire more quickly than one that has been properly hydrated. Even if you don't have a fireplace, your tree can catch fire other ways too, such as an electrical issue with the Christmas lights. If you choose to purchase a fake tree, make sure the label says that it is fire resistant. While these are not fire proof, they are less susceptible to catching fire.

3. Clean Your Fireplace.


Before you make your first fire of the season, make sure your fireplace is clean and ready for use. It's best to hire a chimney sweep to clean it out for you. A dirty chimney filled with debris is a major fire hazard. It's also important to have your fireplace and/or wood stove inspected annually.

4. Hang Delicate Ornaments Up High. 


If you have small children and/or pets, be sure to hang any delicate ornaments out of their reach. Broken glass is dangerous and isn't the easiest thing to clean up either. In addition, keep anything that looks like food up higher on the tree as well. You should also consider replacing metal hooks with ribbon or string to prevent injury or choking.

5. Work Together When Hanging Lights. 


If you are hanging lights or other decorations that are out of normal reach, be sure to work with someone else to get them hung. You need someone to support the base of the ladder while you are up on it hanging those decorations. If you're hanging exterior lights, be sure to use extra caution if the ground and your home is slick from inclement weather.

6. Double-Check Your Lights. 


You want to make sure your lights are in proper working condition before hanging them. Replace any lights with frayed wires, broken sockets, and/or loose connections. These types of issues can be a fire hazard. You'll also want to make sure if your lights are made for outdoor use or indoor use only before hanging them.

7. Turn Lights Off When Leaving. 


Be sure to turn off all your Christmas lights before going to bed and before leaving your home. This will help you avoid a short that could start and electrical fire. Also, if you have any candles for decorations be sure to blow them out before leaving the room.

8. Use Extension Cords with Caution. 


Check all your cords to make sure they are rated for the intended use. Do not use inside extension cords for outdoor use. Also make sure you don't have too many strands plugged into the same extension cord or power source. Only plug your cords into GFCI protected outlets. Lastly, make sure that all cords are kept out of areas where they could be tripped over. Not only could the person tripping get hurt, but a pull on the wires could start an electrical fire.

By following these tips above, you can keep yourself, your family and your home safe from decoration hazards this holiday season. While preventing the problem is key, it's also important to make sure your homeowner's insurance is up-to-date in case an accident occurs. Give the best insurance company at the Lake of the Ozarks a call to review your policy today!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest


Tuesday, December 1, 2015

Customer Testimonials: BEST Insurance Agent at the Lake

When it comes to choosing a Lake of the Ozarks insurance agent, you want someone you can trust to do a great job. We could sit here and tell you how great our insurance company at the Lake of the Ozarks is, or you can hear it from our valued customers. Don't just take our word for it, see for yourself why we're the best!

CUSTOMER TESTIMONIALS


Absolute Best Staff at the Lake
"I have been using the services of Steve Naught at Naught-Naught Insurance for years, for everything from auto and home insurance to my clinic insurance to product liability for my manufacturing company. He and his staff are the absolute best in the Lake area, and we would recommend them first for any insurance concerns!"
-Dr. Gary Huddleston

Someone Who is There When You Need Them
"When I have insurance questions pop up about my business it's always easy to get a hold of my friends at Naught-Naught Agency to get a quick answer and peace of mind."
- Austin Craddock
Bandana's Bar-B-Que

No Sales Pitch. Just Answers to My Problems
"I enjoy working with Steve and the people at Naught-Naught Insurance. It's nice to have a local agent, someone who understands our area and specific needs. They are also always trying to save me money while offering the best coverage available."
-Tiffany Hicks
Tupelo Honey's Bakery & Cafe

Competitive Pricing
"Steve made the process of getting a quote for our needs easy and we ended up with a policy that increased our coverage and saved us over 25% It's good to find a young man that has the old fashion values of taking care of our needs. We can now tackle our other problems which won't be as easy." -Daniel & Noelle
Der Essen Platz

Involved in the Community
"Naught-Naught Agency is always very generous to Kids' Harbor. We are thankful to work with such a wonderful company that assists us in our ability to serve children in need."
-Cara Gerdiman
Executive Director Kids' Harbor

An Insurance Agent Easy To Work With 
"As a restaurant owner one of my most precious commodities is time. Steve and the friendly staff at Naught-Naught make the process of insuring my business easy."
-Bill Borders 
Li'l Rizzos Restaurants 

Coverage Conscious 
"I know Steve is not always the lowest price, but he doesn't have to be. When we first met, Steve quoted me a policy that was more expensive than his competitor. After we evaluated the coverage on the quote together I realized Steve was quoting me the coverage I needed to protect my business, not just selling me a price. Isn't that why you buy insurance?"
-Troy Glynn 
TNT Truck and Equipment 

Friendly 
"Steve and the people at Naught-Naught Agency are friendly and look out for us. They save us money and help protect our business."
-Pamela Lanier 
Ozark Bar-B-Que 

Professionalism and "Can Do" Attitude 
"Thanks for your professionalism and “can do” attitude toward keeping my house insured after the company that took a couple of decades of premium, then dropped me in the clutch, refused to keep me insured."
-George Robertson 
Homeowner 

For some video testimonials, check out our Insure the Lake YouTube Channel

As you can see we have helped many business owners, homeowners and other individuals with different aspects of their Lake of the Ozarks insurance needs. Whether you're looking for better coverage, better rates or just a friendlier staff, give us a call at 573-348-2794 to see what we can do for you. From business insurance to homeowners, automobile, life and health, Insure the Lake has you covered!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Wednesday, November 25, 2015

7 Holiday Cooking Safety Tips

With Thanksgiving just a couple days away and Christmas right around the corner, your Lake of the Ozarks insurance agent is here to help you stay safe in the kitchen. Along with the holidays, comes a lot of food preparation. If you're not careful, preparing that Thanksgiving feast can be a recipe for disaster. Use these cooking safety tips when you're in the kitchen this holiday season!

1. Don't Leave the Kitchen Unattended. 


While you're frying, broiling or grilling your Thanksgiving feast, be sure not to leave those items unattended, even if just for a short time. Nearly 45% of consumers say they have left the room to watch television or listen to music.


2. Be Sure to Set Timers. 


With multiple dishes cooking at the same time, it's easy to get confused what has been cooking for how long. Don't rely on your memory, be sure to set timers. With all the activities happening during the holidays, it's common to get distracted. Talking on the phone while you're waiting for food to cook is an easy way to lost track of time. Check the food you're cooking often, even if you do have that timer set.

3. Keep Flammable Objects Away From the Stove. 


Pot holders, oven mits, wooden or plastic utensils, paper or plastic bags, food packaging, towels and more can easily catch fire if they're too close to the stove. Also be mindful of the clothing, accessories and jewelry you're wearing, which could ignite over a flame.

4. Do the Dishes as You Work. 


Washing up as you work will not only lessen the amount of dishes you have to do at the end of the day, but it will also help you keep your work environment clean - and a clean work space makes for a safer work space. This goes back to keeping things away from the stove top.

5. Ensure Your Smoke Alarms are Functional. 


As annoying as they can be, it's important to make sure you're smoke alarms are functioning properly and never disable them. Use the test button to check that they are working before you begin cooking your Thanksgiving meal. A shocking 29% of consumers reported that they have intentionally disabled smoke alarms while cooking.

6. Avoid Multitasking. 


One way to prevent accidents and kitchen fires from happening is to focus on one task at a time. Keep in mind that one distraction often leads to another, so it's best to focus your attention solely on cooking. Now that's not to say you can't have a couple things cooking at the same time. Be sure to use those timers we mentioned before though, so you don't overcook your meal.

7. Use Crowd Control While Cooking. 


The kitchen is especially busy during the holidays, but as the host, don't be afraid to exercise crowd control. Keep the number of people in your kitchen to a minimum, especially children. Crowded kitchen can cause confusion and result in someone getting burned.

Over half of home cooking injuries occur when victims try to fight fire themselves. Be smart this holiday season by using these holiday cooking safety tips from the best insurance agent at the Lake of the Ozarks. You'll also want to make sure your Lake of the Ozarks homeowners insurance is up to date, just in case there's an accident this holiday season. Give us a call at 573-348-2794!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Tuesday, November 17, 2015

How much Life Insurance Coverage Do I Need?

Not only is having life insurance at the Lake of the Ozarks important, but having an adequate amount of coverage is as well. Keep in mind that life insurance isn't for you, it's for your family that you'll be leaving behind. Think about your monthly expenses and how much your family is going to need in order to maintain their current lifestyle if you're gone. Insure the Lake is here to help point you in the right direction. Here are a few things to consider to help you determine the amount of life insurance coverage you should purchase.

1. How much debt do you have?


Other than your mortgage, think about other debts that you might have. Do you have student loans, car payments, credit card debt? Do you add to that debt each month or do you pay it down? These types of debts mean that you are spending more than you earn. When determining the amount of life insurance coverage you need, you'll want to take into account these debts. Make sure you have enough coverage that they can be paid off if something were to happen to you. You don't want to leave your family struggling to pay off your debts.

2. What are your monthly expenses?


Think about how your money is spent each month. The easiest way to do this would be to create a budget; you can also take a look at your bank statements to see where the money you're earning is going. You can't ensure your family will be taken care of if you don't know how much money you spend each month for basic living expenses. This is something you'll want to give careful thought to, don't just guess an amount.

3. How much do you have in savings?


If you put money away each month into a savings account or investment account, then you're already in good shape. Keep that up and you won't need to purchase as much life insurance as that money will be there to take care of things as well. You can subtract your savings amount from the total amount of life insurance you need and then see what's left to help determine what amount of insurance you should purchase.

4. What future obligations do you have?


If your family is planning to make some larger purchases in the future, you should take those goals into account. Maybe you're going to need a new car in a few years, as your current one is getting up there in miles. Do you have children? If so, do you have a college fund for them? You need to think about these goals and if you have the money for them. If not, you will need to add that amount into the amount of life insurance coverage you choose to purchase.

Some experts say that you should have enough life insurance to cover 5-10 times your annual income. However, the real answer to the question, "How much life insurance coverage do I need?" is that it depends on how much money your family and dependents are going to need after you're gone. You can rest assured that they will be financially taken care of for several years if something were to happen to you. Contact the best insurance agent at Lake of the Ozarks about life insurance today by calling 573-348-2794.  

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Friday, November 13, 2015

7 Costly Gaps in Homeowners Insurance

When it comes to insurance, most homeowners are clueless as to what their policy does and does not cover. From earthquakes to flooding, there are several disaster situations that basic homeowners insurance won't cover. Not knowing what is covered by your insurance policy could cost you a lot of money. Your Lake of the Ozarks insurance company is here to let you know about several areas where you might need additional coverage.

1. Fire Damage  


Many people think that if their house is consumed by fire, the insurance company will cover all the costs to rebuild. Your company will normally pay replacement cost of the structure only up to the limit of insurance.  There are also limits to the amount of debris removal charges allowed.  Keep in mind the company will only pay replacement cost if you replace or rebuild.

2. Earthquake Damage 


Damage to your home caused by an earthquake is almost never covered under your basic homeowners insurance policy. You would need to purchase a separate earthquake policy. Most people believe that these natural disasters are covered in their policies, when really they're not.

3. Frozen Pipe Break


If your pipes freeze and break during the winter, your insurance might not pay for it. You have to take certain steps to protect your home or you might be liable for the costs. In this case, if you fail to keep your home heated or keep the pipes drained, especially while you're away, the damage that results from freezing might not be covered.
 

4. Sewer Backup


If your sump-pump backs up and floods your home, the damage is typically not covered by your homeowners insurance. In this case, you as the homeowner would be responsible to pay for those costly repairs, unless you specifically added coverage for water and sewer backup.  This is a minor cost for a great additional coverage.  You should make sure this is on your policy.

5. High-Value Belongings 


While all homeowners policies cover your personal belongings up to a limit, certain items may not be included. Valuables such as jewelry, silverware and collectibles, like stamps and coins, are typically only covered up to around $1,000-$2,500. Most policies cover stolen items, however they don't always cover if your possessions mysteriously disappear. The best way to handle these specialty items are to specifically schedule them which may require an appraisal.  There may also be an opportunity to write the coverage as an Agreed Value verses Actual Cash Value.  Your agent should be able to discuss your options with you.

6. Building Code Upgrades


The majority of homeowners think that if building codes change, your insurance policy will cover the cost of the upgrades to get it back up to code. Unfortunately, most policies do not pay for upgrades, even when they are mandated by new laws. You would need to take out additional "ordinance or law" coverage.

7. Home Office 


Most homeowners policies will limit coverage for business equipment in a home office to $2,500. The policy also offers no liability coverage for business use of your home. A separate business office policy may be able to provide liability and contents coverage for a couple hundred dollars a year.

These gaps could end up costing homeowners a lot of money. On the other hand, many homeowners policies provide coverage for many unexpected things such as electronic data like music and damage to appliance caused by power surge. The bottom line is that it's important to know what your Lake of the Ozarks homeowners insurance policy does and does not cover. Give Insure the Lake a call today to see how we can help with all of your insurance needs!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Saturday, November 7, 2015

Mark Your Calendars for Winterfest 2016!

Save the date for Saturday, February 27, 2016 for the 20th Annual Winterfest celebration. Steve Naught and Insure the Lake are proud supporters of this annual event benefiting Lake area charities through the Lake Ozark Daybreak Rotary. The event will be held at Tan-Tar-A Resort and will be one of the BIGGEST events this winter! This year's theme is "Roaring 20's Speakeasy." Put on your Glad Rags, jump in your Jalopy and come join us for a night of fun!

What To Expect This Year


This party will be the Bee's Knees! You can look forward to the following at this year's event:
  • Live and Silent Auctions
  • Wine Pull
  • Gangster Cocktails
  • Mugshots
  • Live Music
  • Costume Contest
  • ...and More! 

Tickets for this year's event are $60 each or a Table for 10 is $600. Sponsorship Opportunities are also available. Contact Steve Naught at 573-348-2794 or any Daybreak Rotarian for tickets.

About Lake Ozark Daybreak Rotary


As Rotarians, we strive for service above self. We proudly serve the Lake of the Ozarks Area and surrounding communities with the caring and involved approach defined by Rotary International. Locally, we support over 40 organizations in addition to international service projects worldwide. We are comprised of business people and community leaders, and offer opportunities for hands on involvement in improving our community and the world. 

Winterfest is a great event that raises funds for over 40 local charities and organizations at the Lake of the Ozarks. Insure the Lake thanks you in advance for your generous support of this event and we hope to see you on February 27th at Tan-Tar-A Resort.

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Friday, November 6, 2015

Healthcare Open Enrollment is Here!

With the new healthcare laws, everyone is required to have health insurance or else they have to pay a penalty. Open enrollment for 2016 healthcare coverage started November 1, 2015 and will run through January 31, 2016. Let's take a look at open enrollment and some tips to help you apply for health insurance at the Lake of the Ozarks for next year.

What is Open Enrollment? 


Open enrollment is the limited period of time that those without healthcare coverage can apply for it. It is the only time of year that you can apply for cost assistance, switch plans, or enroll in a major medical plan that counts as minimum essential coverage in the individual and family market without qualifying for a special enrollment period.

Marketplace Eligibility


To be eligible to enroll in a health coverage plan through the marketplace, you must meet the following 3 criteria:
  • Must live in the United States 
  • Must be a U.S. Citizen, National or be Lawfully Present
  • Can't be incarcerated
In addition, those that are on Medicare are not eligible to use the marketplace to buy a health or dental plan.

Marketplace Tips 


1. The Marketplace is for people without coverage. If you already have health insurance coverage through a job, Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), or another source that provides qualifying coverage, you do not need to apply for a plan in the Marketplace.

2. Insurance premiums depend on your income. Your savings will depend on your estimated income for 2016. Based on the income estimate you provide on your application, you could be eligible for a premium tax credit that will lower your monthly insurance bill. Some people can also save on out-of-pocket costs such as deductibles and co-pays.

3. If you don't have health insurance, you may have to pay a fee. Most people must have a qualifying health coverage plan or they will have to pay a fee with their 2016 federal taxes. If you don't have coverage in 2016, you'll have to pay either 2.5% of your income or $695 per adult, whichever is higher. In some cases, you might qualify for exemption, but talk to a Lake of the Ozarks insurance agent today to make sure you don't have to pay the penalty.

4. Apply now. Enroll by December 15 for your coverage to start January 1, 2016. After January 31, 2016 you won't be able to buy a health insurance plan unless you have a life change, such as having a baby or getting married, etc, that qualifies you for a special enrollment period.

If you don't enroll in a 2016 health insurance plan by January 31 2016, you won't be able to enroll unless you qualify for a special enrollment period. Make sure you don't have to pay a penalty by considering your Lake of the Ozarks health insurance options today! Insure the Lake is here to help you with all of your insurance needs, health to auto to home, personal to business. Give us a call at 573-348-2794 to get started!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

Friday, October 23, 2015

What is Uninsured and Underinsured Motorist Coverage?

You have just been in an auto accident.  The driver that hit you doesn’t have insurance at the Lake of the Ozarks.  How will the cost of the accident be paid?  Most states have some sort of criminal fine for driving without insurance; however this will not help you with your loss.  

Uninsured Motorist Coverage 


If you are ever in a car accident with someone that does not have insurance you may be able to get compensation from your own insurance under the Uninsured Motorist coverage.  Uninsured Motorist (UM) doesn’t normally cover damage to your car; however it will generally cover medical bills, wage loss, and loss of earnings capacity.  Damage to your car would be covered under your Collision coverage subject to a deductible.

Underinsured Motorist Coverage


Underinsured Motorist (UIM) coverage is similar to Uninsured Motorist; however this limit is for when you are hit by an insured driver, but their limits are not enough to pay damages for the entire loss.  For example: you have a $300,000 UIM limit, the other driver has liability limits of $50,000 per person and your damages are $150,000.  You would receive $50,000 from the other carrier and $100,000 from your carrier for a total of $150,000.  Some other states will allow you to stack limits while Missouri allows up to the limits on your policy for all reimbursements that are made.

Adding UM and UIM to Your Policy


There is a charge to add UM and UIM coverage to your policy and the cost to increase these limits is normally very reasonable.  Unfortunately, many people have UM and UIM limits much lower than their primary liability limits.  Often policies with liability limits of $1,000,000 have UM/UIM limits of $25,000.  Why not protect the people inside your car as much as you protect those outside your car?  The additional Lake of the Ozarks insurance coverage is worth the minor cost.

Be sure to talk to your insurance agent at the Lake of the Ozarks about your specific situation.  Steve Naught is a Certified Insurance Counselor with the Naught-Naught Agency in Osage Beach.  Give him a call at 573-348-2794 or fill out our online quote request

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 


About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral



stnaught@naught-naught.com


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest