Thursday, December 29, 2016

Auto Insurance: Know Your Coverage

You probably hear it all the time, "know your coverage." How many of us actually know what we're paying for when it comes to our auto insurance at the Lake of the Ozarks? If you were to get into an auto accident tomorrow, what would you have to pay out of pocket? It's important that you talk to your Lake of the Ozarks insurance agent to understand your coverage. While you may have the minimum coverage required by the state, you may not have adequate coverage for your needs. Keep reading to learn about the different types of auto insurance coverage.

Common Types of Auto Insurance


No auto insurance policy is created equal. Below is a list of common coverages you can get, but each is subject to the limits, terms and conditions of your specific policy.

1. Bodily Injury Liability Coverage - In the event you're at fault in an accident, bodily injury liability generally pays for injuries to the driver and passengers of the other vehicle. In addition, it can provide coverage to defend you if you are being sued as a result of the accident.

2. Property Damage Liability Coverage - In the event you're at fault in an accident, property damage liability generally pays for damages to the other person's vehicle. This coverage can also defend you during a lawsuit resulting from the accident.

3. Personal Injury Protection - The costs associated with an auto accident can easily add up, especially if you are severely injured. Personal injury protection will help cover your medical bills, along with those of your passengers, no matter who is determined at fault.

4. Collision Coverage - Collision coverage will pay for the repairs to your vehicle in the event of a covered accident. If the car is totaled, the coverage will pay the value of your car. Depending on the value of your car, collision insurance can be vital. If you have a loan on your vehicle that is not yet paid off, you will be required to purchase this insurance.

5. Comprehensive Coverage - Often times, things happen to your car that are unrelated to an auto accident. Comprehensive coverage is important in the event of weather damage, hitting a deer or if your car is stolen. Your liability and collision insurance won't cover these other situations. This coverage can be great if it fits in your budget, as it can get costly. Again, if you have a loan on your vehicle, this coverage will be required.

6. Uninsured / Underinsured Motorist Protection - While state laws mandate all drivers should carry insurance, this isn't always the case. In addition, the state limits can be relatively low, and therefore, not cover the expenses of an accident. In the event that other person is responsible for the accident, you wouldn't receive payment. This is where uninsured and underinsured motorist coverage comes in handy.

Limits and Options 


In addition to knowing the type of coverage you have and/or need, it's important to know your limits. A common question asked of Lake of the Ozarks insurance agents is, "How much liability coverage do I need?" The answer depends on the person and their assets. It's important to understand that if you don't have enough coverage, you could be sued, resulting in the jeopardy of your current assets and future earnings. Another factor to consider is your deductible. While having a higher deductible to keep your premiums down is great, you need to make sure the deductible is something you can reasonably afford.

Auto coverage is critical to have, and even more important is working with someone you can trust should you ever have an accident and need to make a claim. This is just one of the reasons using a local insurance agent is important! If you have questions about your current auto insurance policy at the Lake of the Ozarks or are looking for a new quote, 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


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Monday, December 19, 2016

Dry Christmas Trees and Other Holiday Dangers

Christmas is just a few days away and many people are preparing to host family and friends for dinner and entertaining. You’ve got the tree decorated, the lights hung and now it’s time to start thinking about preparing food. Along with the holidays comes an increased risk of fires, injury and more. Your Lake of the Ozarks insurance agent wants to help you stay safe this holiday season by warning about a few common dangers.

1. Dry Christmas Trees.


Did you opt for a real Christmas tree this year? While they may be pretty and smell delightful, they increase the risk of a house fire. (Be aware that artificial trees can catch fire as well.) From 2010-2014, U.S. fire departments responded to an estimated average of 210 home structure fires per year that began with Christmas trees. Avoid a Christmas tree fire this holiday season by watering your tree regularly. In addition, be sure to keep your tree at least 3 feet away from candles, fireplaces, space heaters and other possible "fire starters" / heat sources.

2. Leaving Your House Unlocked. 


While it may seem obvious to keep your house locked, it's especially important during the holidays. You may have guests arriving that don't have a house key, so you leave it open for them. This can increase your risk of burglary and theft. Don't leave anything valuable in plain sight, especially a place that's visible from the windows. Keep in mind that the first place an intruder will look for valuables is the master bedroom. In addition, be sure to set a security alarm if you have one, and leave some lights on while you're away to make it seem like someone is home.

3. Being Careless While Christmas Shopping. 


The holiday season is one of the worst times of year for identity theft. You're trying to quickly get all your shopping done and you might not be as cautious as you normally would. Approximately 7% of all United States adults have their personal identities stolen or otherwise misused and the average financial loss per person is around $3,500. Pay attention to how you carry your wallet or purse to avoid it being stolen. When shopping online, be cautious that you're entering your credit card number on secured websites only. (If you have cyber security insurance, that's great!) Make sure you have strong passwords and keep your antivirus software up-to-date. Be sure to check your bank and credit card statements regularly for any discrepancies and also shred any mail with sensitive information before throwing it away. 

4. Not Being Cautious in the Kitchen.


The holidays just wouldn't be the same without the delicious food and extravagant feasts. Along with all that food comes an increased risk of food-borne illnesses. Reduce your risk of food poisoning this holiday season by washing your hands frequently when handling food. Be sure to refrigerate food within 2 hours; don't leave it sitting out all day for people to munch on. When it comes to preparing meat, do not rinse raw meat or poultry before cooking, and use a food thermometer to ensure the meat reaches the proper temperature. When reheating sauces, soups and gravies, bring them to a rolling boil. In addition, be careful to keep flammable items away from stove tops and never leave cooking food unattended. Like Christmas tree fires, kitchen fires are also a common hazard during the holiday season. 

Happy Holidays from the best insurance company at the Lake of the Ozarks! For all your insurance needs, you can trust Insure the Lake! We've got you covered with everything from homeowners insurance to life insurance. To get a free quote and find out how we might be able to save you money on your monthly premiums, 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


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Wednesday, December 14, 2016

Why Should I Consider a Personal Umbrella Policy?

People purchase homeowners insurance and auto insurance to protect themselves and their family. What happens when those policies reach their limits though? Who pays for the damages above those limits of your standard homeowners and auto insurance policies? You do. That's why it's important to have an umbrella policy to protect you from situations that aren't fully covered by your standard insurance policies. Keep reading to learn more about personal umbrella insurance from your favorite independent insurance agent in Osage Beach.

Personal Umbrella Insurance Policy 


Personal umbrella insurance provides "extra" liability insurance. This type of coverage kicks in after the limits of your standard homeowners insurance or auto insurance policy have been reached. It was designed to protect you from major claims and lawsuits. In addition, an umbrella policy also covers situations that standard policies don't cover, such as false arrest, libel and slander.

Reasons to Have A Personal Umbrella Insurance Policy 


A personal umbrella insurance policy can cover a variety of situations. Below are a few reasons why it would be important to have this type of insurance: 

1. To Cover the Cost of Damages to Another Person's Body. 

In the event of a major auto accident where you're at fault, it's possible your auto insurance limits wouldn't be enough to cover the medical bills of the other party involved. In addition, the other party could choose to sue you. Your personal umbrella insurance can help take away some of that financial burden by covering those expenses up to your umbrella policy's limit. Other situations where umbrella insurance may be needed include harm caused to others as a result of your dog, injuries sustained by a guest in your home or injuries sustained by a neighbor's child on your property.

2. To Cover the Cost of Damage or Loss of Another Person's Property. 

Personal umbrella insurance policies also cover the cost of damage or loss to another person's tangible property. This could include damage to vehicles as a result of an auto accident where you're at fault, damage claims incurred when your pet damages another person's property or accidental damage to school property caused by your child. The list goes on, but all of these situations could lead to expenses above the limits of your standard policies and an umbrella insurance could be your financial life saver. 

3. To Protect Your Assets When Being Sued. 

In the event you are sued for more money than your underlying policies provide, your umbrella insurance policy may kick in and provide extra financial protection up to its limit. This will help protect your assets and your future. Whether you're sued for slander, libel, false arrest, malicious prosecution, shock/mental anguish or other personal liability situations, your personal umbrella insurance policy is there to provide that extra coverage you need to have peace of mind.

Talk to your Lake of the Ozarks insurance agent about purchasing a personal umbrella insurance policy today! At Insure the Lake, we take care of all your insurance needs. From home and auto to life and business insurance, we're here to answer your questions, provide personal service and find you the best policy at a great value. Give us a call today at 573-348-2794 to see what we can do for you!

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


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Wednesday, December 7, 2016

5 Tips for Keeping Your Car on the Road This Holiday Season

With Christmas and New Years just around the corner, many of you will be traveling across the country to visit family and friends. In today's blog, your Lake of the Ozarks insurance agent offers a few tips for keeping your car on the road this holiday season, and ultimately reducing the risk of needing to file an auto insurance claim.

1. Get an Oil Change. 


One of the easiest things you can do to prevent the need for costly car repairs is to have your oil changed regularly. Failing to change your oil regularly can cause debris and oil to build-up and can cause your engine to fail. Therefore, its recommended that you have your oil changed at least every 3,000 miles. In addition, its important that you check your oil levels before you head out on a long road trip. Running your vehicle with low oil can cause engine issues, and could even leave you stranded on the side of the road this holiday season. 

2. Check Your Tire Pressure. 


Tire problems are one of the most common auto issues you can come across when traveling. As the temperature drops outside, so does the air pressure in your tires. Before heading out on a long trip, be sure to check your tire pressure and fill them to the recommended pressure, which can usually be found on the door frame of your vehicle or in your owners manual. Low tire pressure can lead to a flat-tire or a blow-out, neither of which you want while traveling this holiday season. Aside from preventing bigger problems, proper inflated tires will ensure a smoother ride and better gas mileage.

3. Get a Tire Rotation.


Going long distances (or even short ones for that matter) on worn out tires can also lead to a blow out. The front tires tend to wear faster on the outside edges as a car leans into turns. A poor alignment or unbalanced tires can also cause uneven wear. About every 6-8 months, you want to have your tires rotated to promote even wear, and therefore a longer life for your tires. Easily check the wear on your tires by placing a penny in the thread; if you can see Lincoln's head, your tires are worn out.

4. Inspect Your Brake Pads. 


Aggressive driving can really put some major wear and tear on your brakes, especially if you live in an area with heavy traffic. Depending on your mileage, its a good idea to have your brake pads inspected every 3-6 months. If you haven't had them looked at in awhile, its particularly important to do so before heading out on a long trip with a car packed full of holiday items and family. Not checking for wear and tear, often and early, can lead to exorbitant rotor and disc repairs and replacements.

5. Check all your fluids. 


While this may seem like an easy one, its important that you remember to check all your fluid regularly, especially before heading out on a long road trip. This includes engine oil, coolant, power steering fluid, brake fluid and windshield washer fluid. Also be sure to check for any fluid leaks that may be the cause of low fluids. When you check the oil, not only should you check for proper levels, but also see how dirty it is. Chances are it might be time for that oil change from point #1.

Insure the Lake hopes you stay safe on the roads this holiday season! In addition to preparing your vehicle before you hit the road, be sure to drive defensively and use extra caution when driving in holiday traffic. Make sure your Lake of the Ozarks auto insurance policy is up-to-date by giving 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


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Thursday, December 1, 2016

5 Things First-Time Homebuyers Need to Know About Homeowners Insurance

The market is great for purchasing a new home right now. If you're purchasing your first home, chances are this will be your first time looking into homeowners insurance at the Lake of the Ozarks. In today's blog, your Osage Beach independent insurance agent offers a few important things you should know about homeowners insurance.

1. The Cost of Homeowners Insurance Differs from that of Renters Insurance. 


When you purchase renters insurance, you're buying coverage for the contents inside your home or apartment. Homeowners insurance on the other hand, covers not only the contents of your home, but also the structure itself. However, those values aren't the only factors determining the cost of your insurance premiums. Geographic location, as well as proximity to fire departments, water pressure and security, can affect your homeowners insurance premiums. In general, a renters policy only costs roughly 10-20% of what a homeowners policy will cost.

2. A High Deductible Can Really Pay Off.


One thing to pay close attention to is the price of your deductible. Not only will a higher deductible save you money on your monthly premiums, but it could really pay off in the long run. Unlike with health insurance, where you probably don't want to be stuck with a high deductible, you can choose a higher deductible with homeowners insurance without as much risk. Most people only file a homeowners insurance claim every 8-10 years. For this reason, many people opt for the highest deductible that they could afford in the event of a loss. A higher deductible saves money year after year and keeps monthly costs affordable to you.

3. There's a Difference Between Cash Value and Replacement Costs. 


The dollar value of everything in your home from appliances to furniture differs from the amount of money it would cost to replace everything. Due to depreciation, your home's contents aren't worth what they were when you first bought them. For this reason, it's important that you insure your home based on what it would cost to replace everything in the event of a total loss. In addition, the price you paid for your home is irrelevant in the event you have to rebuild the entire thing. Building material costs and labor costs have likely increased and you want to ensure the cost to rebuild it exactly as it was is covered under your policy. While your premiums may be a little higher than if you just base it on cash or market value, you'll avoid having to foot half the bill in replacing your property in the event of a loss. Talk to your agent about the type of coverage your receiving and how you'll be reimbursed in the event of damage to or loss of your home.

4. Your Home's Claim History Matters. 


Did you know that the claim history of your home can affect your insurance premiums, whether you had anything to do with that claim or not? Think of your homes claim history as a "credit report" for your home, that contains all the records of insurance claims on the house. A claim filed on your property in the last 5 years, whether you lived there then or not, can affect your insurance premiums. Not all claims are negative though; if your roof was recently replaced, your premiums could actually decrease because the need for a new roof in the near future is unlikely. If you're looking at buying a home, try to get a copy of the home's claim history to see how it could affect your insurance if you were to purchase it.

5. Flooding Isn't Covered Under Your Standard Homeowners Policy.


Make sure you know what's covered under your standard homeowners insurance policy. There are a number of perils that typically aren't covered, such as earthquakes and floods. Keep in mind that 30% of flood losses in the United States happen to homes that are not in flood zones. Even a small amount of water can cause thousands of dollars in damage to your home, which may not be covered if you don't add a flood policy on top of your standard homeowners insurance. Talk to your Lake of the Ozarks insurance agent about other risks you may be subject to as well.

For all your Lake of the Ozarks insurance needs, trust Insure the Lake! As an independent insurance agency that has direct contracts with over 50 insurance companies and access to even more, we can shop the marketplace in order to give you the most comprehensive coverage at a competitive price. Give us a call at 573-348-2794 to discuss your homeowners insurance, or any other insurance, needs 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


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Tuesday, November 22, 2016

What Clients are Saying About Us

When it comes to your insurance, you need an independent insurance agent at the Lake of the Ozarks you can trust. You want someone that offers personal service, who you can call for all your questions and all your claim needs. In today's blog, you'll see what customers of Insure the Lake have to say about the service they receive.

CLIENT TESTIMONIALS


Great Service
No one else can service my business like Naught-Naught can. They work hard to take care of me and my business.
-Bill Burrows, Lafata’s Deli & 4 Seasons CafĂ©

Saved Us Thousands of Dollars!
Over the last several years our organization had multiple insurance policies, all through different insurance companies, with agents that we never saw. After meeting with Steve Naught, we were able to combine our policies and consolidate our effective dates. In doing so, Naught-Naught Agency saved us several thousands of dollars in premium!
-Ed Thomas, Camden County Developmental Disability Resources

Face to Face Service
I do business with Naught-Naught Agency because my local agent, Steve Naught, meets with me throughout the year to sit down in person and review the changes in my business and offer the coverage to best protect our restaurant.
-Bill Ziegler, Bentley’s Restaurant

Knowledgeable and Nice! 
I recommend Naught-Naught Agency to my friends, family and business associates because:
1 - I am very pleased with their service, time and attention.
2 - They are always helpful and responsive to my business needs.
3 - Everyone is knowledgeable, kind and courteous.
4 - I always receive a punctual return call.
5 - They can answer technical questions about my specific insurance requirements.

~ Rich Patzwald, Sun Spec Billet Factory


Competitive Pricing 
Being in business, whether a small or large company, has never been harder. We have a small restaurant at the Lake of the Ozarks, Der Essen Platz, and we are in our 5th year at this location. We are facing the same challenges this year, finding exp. cooks and servers, higher prices for food , credit card costs, and now we see gas shooting up,the list goes on and on. This year I was facing a 25% increase in our insurance coverage. Last year faced with the same increase, I elected to cut coverage to avoid the increase. This year I found a better solution. I called Steve at Naught-Naught Insurance. He made the process of getting a quote on 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 now can tackle our other problems which won't be as easy. Thanks again Steve.  
-Daniel and Noelle, Der Essen Platz 

For all your Lake of the Ozarks insurance needs, you can trust Insure the Lake! We specialize in all types of insurance policies ranging from personal home and auto insurance to business liability insurance and workers compensation.  We also work with clients on their health insurance and employee benefit needs. Our goal is to meet with clients about their specific insurance needs and how to best protect them. Give us a call at 573-348-2794 to get your free quote!

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


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Friday, November 18, 2016

Critical Illness Insurance: A Financial Life Saver

The financial stress that accompanies critical illnesses such as cancer, a heart attack or a stroke posed the need for "Critical Illness Insurance." With this type of insurance, you receive a lump-sum cash payment in the event you're diagnosed with a critical illness specified on your policy. In today's blog, we'll discuss the ways that critical illness insurance at the Lake of the Ozarks can be a financial life saver. 

1. To Cover Out-of-Pocket Healthcare Expenses. 


With the rising costs in insurance, many patients are forced to choose plans with high-deductibles. This can cause your out-of-pocket healthcare expenses to become unmanageable. The cash you receive from a critical illness insurance benefit can be used to cover deductibles, co-pays and any other out-of-pocket healthcare costs you incur.

2. To Pay for Expenses Not Covered by Health Insurance. 


When diagnosed with a critical illness, many aspects of your life change. You are no longer able to do all the things you used to, you have to visit the doctor more often and new expenses are incurred. Along with the costs of the actual healthcare you're receiving, you also may have to pay for hotel stays, travel expenses, babysitting services and more! Rather than putting these extra expenses on a credit card and paying them off for years, critical illness insurance can cover these unexpected costs associated with critical illnesses.

3. To Provide Income Protection. 


When you're diagnosed with a critical illness, chances are you won't be able to work as much as you used to, or you may not be able to continue working at all. This is particularly important for those that are self-employed. While you may have a disability insurance benefit coming, there's typically a 90-day elimination period before you see any of that money. Critical illness can significantly impact your income, which could be critical for mortgage payments, car payments and other bills, not to mention food and gas expenses. The cash provided by the critical illness insurance policy can provide security when you're no longer bringing in enough income each month. 

No matter how you choose to spend your critical illness insurance benefits, having the insurance is sure to reduce your financial stress! Talk to your local independent insurance agent at the Lake of the Ozarks today by calling 573-348-2794. Insure the Lake is here for all your Lake of the Ozarks 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


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Monday, November 7, 2016

Determining Property Value

In order to properly insure your home or business, you need to know the value of the property. In today's blog we discuss several approaches to determining property value. In real estate, property evaluation is done in one of three general methodologies: cost approach, income approach or comparables approach. Keep reading to learn how these approaches relate to your Lake of the Ozarks insurance coverage.

Cost Approach 


With the cost approach, the value of a property can be estimated by determining the cost to build an equivalent structure. In this scenario, the market value of the property is is equal to the cost of land plus cost of construction, less depreciation. This approach is the most accurate when the property is relatively new. There are two different ways to go about the cost approach: the reproduction method or the replacement method. With the reproduction method, you base the value on rebuilding with the exact same materials. With the replacement method, you base the value on rebuilding with the use of newer materials, current construction techniques and an updated design. Most residential appraisals do not use this approach. However, the cost approach is commonly used with properties such as libraries, schools or churches, where they generate little income and they're not often marketed, so the income and comparable approaches aren't valid.

Income Approach 


The income approach is an appraisal method that allows investors to estimate the value of a property by taking the net operating income of the rent collected an dividing it by the capitalization rate. Capitalization rate is the rate of return on an investment property based on the income the property is expected to generate. Investors will estimate this rate based on comparable properties in the area and how much income they generate. This approach is most commonly used on investment property, in which income is generated. When using this approach an investor must also take into consideration the condition of the property.

Comparables Approach 


The comparables approach is where the value of a property is estimated based on the price of a recently sold, similar property. This technique is often used to determine the initial sales price of a property going on the market. It is also helpful in accurately appraising the value of an asset.

Property Value for Insurance Purposes 


The above approaches are used to determine market value for real estate purposes. When it comes to insuring your property, you want to take into consideration more than just the current market value. Depending on the market, your home or business could often sell for much more or much less than what it would cost to replace it. In times of disaster, it won't matter what your property could have sold for, it will only matter how much it's going to cost to rebuild and get you back to where you were before. Therefore, its important that you understand that one property can have several different "values" and those differences affect how much insurance coverage you really need to be protected.

As your Lake of the Ozarks insurance agent, I am here to help you understand property value and how it affects your insurance coverage. This could include Replacement Cost, Actual Cash Value, Functional Value or an Agreed Amount.  Together we will discuss your needs and find the perfect plan for you at the best value! 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


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Thursday, November 3, 2016

The 411 on Roommates and Insurance

Whether you're in college and looking to save money on housing or you're a working professional that's sharing a house with a friend, having a roommate can be great. Many people across the country share housing to cut expenses. In today's blog, your Lake of the Ozarks insurance agent discusses how having a roommate can affect your insurance coverage.

Roommates and Renter's Insurance 


While some insurance companies allow roommates to be on the same renter's insurance policy, it is not advised. Several issues can arise with a shared policy. For one, any claims your roommate makes will affect your insurance history, whether they have anything to do with you or not. It's important for each person to establish their own insurance history, as it can affect your rates for years to come. Another issue is that the value of your combined belongings determines the cost of your premium. When one roommate owns more expensive items, then splitting the insurance payment 50/50 doesn't really work. Problems can also arise if one roommate chooses to move out before the other. Renter's insurance is very affordable, and each individual roommate can easily obtain their own policy.

Roommates and Homeowners Insurance 


In some cases, one roommate owns the home and is just renting out a spare room to the other roommate. In this case, homeowners insurance would cover the majority of potential risks. Common areas of the house and items that maybe you own, but your roommate/renter also uses will be covered. However, the homeowners policy will not cover the renters personal belongings. It is still advised that the renter obtain an individual renter's insurance policy to cover the loss of any personal belongings and personal liability issues. This also allows the renter to establish their own insurance history as mentioned in the renter's insurance paragraph above.

If you have more questions about making sure both you and your roommate have adequate insurance coverage, give Insure the Lake a call at 573-348-2794. As your independent insurance agent at the Lake of the Ozarks, I'll work with you to make sure you have the best coverage available for the best value!

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


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Thursday, October 27, 2016

Long-Term Care Planning Month

October is long-term care planning month. During this month, seniors and/or their family members are encouraged to develop a plan for covering the high costs of long-term care. The majority of the costs associated with long-term care are not covered by your standard health insurance plan or Medicare. By preparing now, you'll avoid placing a burden on your children and family to make those difficult choices when the time comes. Keep reading to learn more about long-term care planning from your Lake of the Ozarks insurance agent.

What is Long-Term Care?  


Long-term care refers to a range of services offering help with some of the most basic activities of life. This includes eating, bathing, dressing, using the toilet, getting in and out of bed, etc. The need for long-term care often stems from disability, chronic illness, cognitive impairment or the aging process. Not to be confused with disability or short-term care, long-term care is assistance that you might need for the rest of your life. It can be received in your own home, in a nursing home or another long-term care facility.

Who Needs Long-Term Care?


While it may seem obvious that the elderly have a plan for long-term care, anyone can need long-term care at anytime in their life. Automobile and sporting accidents, as well as disabling events and illnesses, such as as stroke or multiple sclerosis, can affect anyone at any age. Nearly 41% of long-term care is provided to people under the age of 65 who need help taking care of themselves.

Reasons to Plan Ahead 


Planning is essential for you to be able to get the care that you need. Long-term care is the leading cause of catastrophic out-of-pocket healthcare costs for the elderly and their adult children. By planning ahead, you have more time to save up a sufficient amount of money to cover the high costs associated with getting the help you need when you need it. By investing in long-term care insurance now, while you're younger and healthier, you greatly increase the changes for qualifying for enough coverage to cover most, if not all, non-medical long-term care costs.

Many insurance companies offers long-term care insurance, and Insure the Lake is here to help you choose the right plan for your needs. We have contracts with a variety of companies so we can shop around for the most comprehensive coverage at the best price! For more information about long-term care insurance for you or your loved ones, give our Lake of the Ozarks insurance company 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


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Friday, October 21, 2016

Increasing Losses in the Auto Industry

Industry statistics show that insurance companies are paying out more in auto claims than they have in the past. Why? Are there more accidents happening? Are the costs of auto repairs and medical expenses increasing? In today's blog, your favorite insurance company at the Lake of the Ozarks discusses the increased losses that the auto industry is experiencing.

Auto Loss Statistics


The industry statistics gathered by Safeco below show that insurance carriers are paying out more in auto claims than they have in previous years. These high auto losses are occurring all across the industry.
  • The U.S. set a new car sales record of nearly 17.5 million vehicles in 2015. Newer cars have advanced technology and are more expensive to repair. 
  • 3.148 trillion miles were driven in 2015. That's a 3.5% increase over 2014 - the largest annual increase in 25 years. 
  • 2015 accident frequency increased: bodily injury liability increased 3%, property damage liability increased 0.9% and personal injury protection (PIP or no-fault claims) increased 6.6%. 
  • Traffic deaths decreased 22% from 2000 through 2014. Estimations for 2015 show a 7.7% increase over 2014.
  • From 2005 to 2013, the average cost per paid bodily injury liability claim increased 32.1%. 
  • Mirroring the industry, total loss auto claims for Safeco increased 12.7% between 2013 and 2015. 
  • Drivers are more distracted. In 2014, 3,179 people were killed and 431,000 were injured as a result of distracted drivers. 

Sources: "Strategy&," Price WaterHouse Coopers, 2016 Auto Industry Trends, U.S. Departments of Transportation's Federal Highway Administration, Insurance Services Office Fast Track Data, National Highway Traffic Safety Administration, Insurance Research Council, Safeco Research and Distraction.gov

Trust Your Local Independent Agent


When you choose to work with a local, independent insurance agent at the Lake of the Ozarks, you'll get personal service like no other. Whenever you have a question about your auto policy, you can call and talk to your agent. You don't get that when you purchase insurance online - you could get a different person every time you call. Auto insurance coverage is critical to have, and even more important is working with someone you can trust to call should you ever have an accident and need to make a claim.

Do you have the Lake of the Ozarks auto insurance coverage you need? At Insure the Lake, we'll do a free, no-obligation analysis of your current auto insurance coverage to determine what coverage you have, if it's adequate to cover your potential medical bills and protect your assets, and see if we can save you a little money compared to what you are currently paying. Give us a call at 573-348-2794 to discuss your insurance needs. Our goal is to work with you to find the most comprehensive insurance coverage for the best price.  

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


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Wednesday, October 12, 2016

The Use of Personal Vehicles for Business

Did you know that there are over 240 million registered motor vehicles in the United States? Of those vehicles, approximately 25% are used for business purposes. As a business owner, its important for you to understand how the use of personal vehicles could affect your business. If you have employees that use their personal vehicles for business related activities, you could be exposing your business to a significant liability risk. In today's blog, our Lake of the Ozarks insurance agency discusses these risks and what you can do as a business owner to reduce your risk.

Personal Auto Policies 


Everyone is required to have auto insurance on the vehicles that they drive. However, personal policies have limitations when it comes to business use. In the event of a serious accident during business use, the business owner could be sued to collect additional damages not covered by the personal policy. Encourage your employees to talk to their Lake of the Ozarks insurance provider to be sure of their coverage, and also to let their agent know how the vehicle will be used for business. As the business owner, its important that you know the coverage your employees have on their vehicles. 

"Business Use" 


What exactly is the definition of business use? What does it mean? Activities that constitute are considered "business use" can include visiting customers, picking up supplies, attending conferences, and driving to and from work. For activities like this, a personal auto policy may provide the coverage needed. However, the exception is livery, or the carrying of goods or people for a fee. In this case, additional coverage may be needed. The best course of action is to talk to your insurance agent at the Lake of the Ozarks to make sure that you, as a business owner, understand your risk and are aware of any additional coverage needed.

Reduce Your Risk 


1. Use and Enforce a Company Policy. 

Every business needs to have a driving policy that is clearly communicated to every employee. While it may be common to have a policy against driving while under the influence or driving distracted, such as using a cellphone, reminding your employees of these policies is one of the best ways to mitigate risk. 

2. Review Employee Driving Records and Develop an Approved Driver List. 

Any employees driving for business related activities should be required to provide proof of a driver's license, a copy of their personal insurance coverage and proof that the insured has declared the vehicle for business use to the insurance agent. In addition, business owners should check the driving records of those employees that will be using their vehicles for business use. This process should be used to develop an approved driver list.

3. Establish Maintenance Standards for Vehicles. 

While its important that you have a safe driver behind the wheel during business activities, its also important to know the vehicles being operated for business use are also safe. As a business owner, you'll want to make sure any drivers have their vehicles inspected and maintained regularly. Consider regularly collecting maintenance reports from employees to gauge the reliability of their personal vehicles.

4.Review Your Commercial Auto Policy. 

It is also important to review your existing business auto policy and make sure you have adequate limits, as well as the correct coverage types.  Hired and Non-Owned Auto Coverages are a must for businesses with any potential employee or owner driving exposures. This gives coverage to the business for non-owned autos, such as employees running errands or hired vehicles that are not titled in the company name. This coverage does not protect the employee, as they need adequate coverage and limits on their personal auto policy; however, it does protect the business when they are brought into the liability suit when the employee was driving on the company's behalf.  If you don't have a commercial auto policy, these coverages can normally be added to a business owners policy or commercial liability policy as an endorsement, but the best place for this coverage is under the auto if available.  

If you have questions regarding the risks of your business, whether it be in relation to the use of personal vehicles for business or another issue, give Insure the Lake a call at 573-348-2794. Our independent insurance agents at the Lake of the Ozarks are here to help with all your business and personal insurance needs. Make sure you're covered by reviewing your policies 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


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