Motorcycle Insurance 101

For new motorcycle owners, insurance is probably one of the last things on your mind. However, just like with a new car, you're required to have insurance on that new bike of yours. Your Lake of the Ozarks insurance agent is here to help you make sure you're covered out on the road!

About Motorcycle Insurance

When it comes to auto insurance at the Lake of the Ozarks, we all know there are different types of coverage from liability to collision to under-insured and uninsured motorist. The same concept is applied to motorcycle insurance as well. In addition, the amount of coverage you need can vary depending on the type of bike you have and how you plan to use it. The best way to make sure you're properly insurance is to talk to a professional at the best insurance company at the Lake of the Ozarks. As for the cost, you can expect motorcycle insurance to come in a little higher than your average auto insurance premium; this is because of the higher risk they face on the road.

What Does Motorcycle Insurance Cover? 

Just like with car insurance, different levels of coverage are available. It's important that you talk to an insurance professional in your area to make sure your coverage meets the requirements for your state. Standard motorcycle insurance will typically cover bodily injury and property damage liability, as well as bodily injury to yourself and damage to your bike. Here are just a few of the other items that might be included or that you could add to your motorcycle insurance policy:

• Full replacement cost if the motorcycle is totaled
• Theft, fire, vandalism, and other losses even while your motorcycle is in storage
• Damage to your bike from hail or other weather, or damage from animals
• Medical payments in the event you require hospitalization
• Uninsured/under-insured motorist coverage
• Repairs or replacement of protective gear 
• Replacement parts and/or upgrades, such as transport trailers, sidecars, custom exhaust, etc.
• Emergency roadside expenses
• Trip interruption expenses 

Importance of Motorcycle Insurance

Even more so than auto insurance, motorcycle insurance is extremely important for two main reasons: motorcycles are much easier to steal and they're much more difficult to operate than passenger vehicles. Before you operate that new bike, be sure you're adequately insured.

One of the great things about being an independent insurance agent at the Lake of the Ozarks is that we can shop around for the best coverage for our clients. We'll get you multiple quotes from a variety of companies to get you the best value! Give Insure the Lake a call today at 573-348-2794. From motorcycle insurance to health and life, we've got all your insurance needs 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

NAUGHT-NAUGHT AGENCY

3736 Osage Beach Parkway

Osage Beach, MO 65065

Next to Golden Coral

T: 573-348-2794

F: 573-348-0191

stnaught@naught-naught.com


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Is Your Restaurant Properly Insured?

Due to the nature of the restaurant business, many things can go wrong. Fires, slip and falls, equipment breakdown, food spoilage and employee theft are just a few of the things restaurant owners have to worry about. Our Lake of the Ozarks insurance company is endorsed by the Missouri Restaurant Association as part of the MRA Insurance Alliance to help provide you with the right coverage for all your food and beverage business needs.

Restaurant Insurance Coverage

Insure the Lake is working hard to deliver all of your Lake of the Ozarks restaurant insurance needs!  Be sure to review your coverage often.  Below are some of the main coverage types to consider when insuring your business.

General Liability
Defends you from covered lawsuits such as bodily injury and property injury you cause.

Liquor Liability

Let us "draft" a quote for you on this very important coverage which protects your business in the event of a Liquor related claim.  Certain states have laws that favor the business owner for these types of lawsuits; however keep in mind that if you are sued you still must defend yourself which can easily cost tens of thousands of dollars.

Property Coverage 
Physical damage coverage for your buildings, tenants, improvements and business personal property.

Workers Compensation
When employees have accidents, such as clip & falls, cuts, burns and other injuries, workers comp pays for medical bills and time off, while protecting you at the same time.

Umbrella
Not just for your Mai Tai, this insurance covers you when your underlying liability limits run out.

Other Coverage Considerations

Don't forget these important coverage options available:  Business Income, employee Dishonesty, Food Contamination, Spoilage, Assault and Battery, Employment Practices Liability, Cyber Liability, Earthquake, Flood, Employee Benefits, Key Person Life Insurance.

We Cater to All Food & Beverage Groups! 

• Restaurants
• Bars 
• Nightclubs
• Private Clubs
• Fine Dining
• Fast Food 
• Delivery
• Taverns
• Convenience Stores
• Package Liquor Stores
• Banquet Facilities
• Fraternal Organizations

Your restaurant is more than just a business, its your life. It's an investment for your family's future. When you choose Insure the Lake, you can count on the security your business needs. If you want to protect your restaurant from unforeseen risk and save money on your restaurant insurance, contact us!

Protect the Future of Your Restaurant 

Not all restaurants are the same. Each has their own unique set of risks. Get a risk assessment with a Lake of the Ozarks insurance agent. Together we'll create a risk management and safety program. From there, you'll be able to get the most comprehensive coverage for your specific needs, at the best price!

At Insure the Lake, we know the restaurant insurance marketplace and work with multiple companies with appetites for restaurants, to give you the most comprehensive coverage available. Request a free quote online or give us a call at 800-392-0423. To learn more about our restaurant insurance products, please visit: www.RestaurantInsuranceToGo.com.

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

NAUGHT-NAUGHT AGENCY

3736 Osage Beach Parkway

Osage Beach, MO 65065

Next to Golden Coral

T: 573-348-2794

F: 573-348-0191

stnaught@naught-naught.com


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4 Tips for Keeping Up on Your Homeowners Policy

A homeowners insurance policy provides protection for your home and its contents. In the event of a total loss, you want to make sure you have adequate coverage to get reimbursed. As you make alterations and improvements to your home, you'll need to update your homeowners insurance policy to make sure everything is still covered. Here are a few tips for keeping up on your Lake of the Ozarks homeowners insurance policy:

1. Make Premium Payments On Time. 

The most common reason someones home coverage might be dropped is due to them not paying their insurance premium. First and foremost, you should make sure that you pay your insurance premium on time. If you are having difficulty making your monthly payments, talk to your Lake of the Ozarks insurance agent to see if there might be a way to reduce your premium.

2. Keep an Updated Inventory of Your Possessions. 

In order to be reimbursed for a loss, your insurance company at the Lake of the Ozarks needs to know what possessions you had that were lost or destroyed. The best way to make sure everything you own is covered, is to create a home inventory. Go from room to room making a list of everything you own of value that you would need replaced in the event of theft, fire, etc. In addition, you should consider taking pictures of your possessions to store with this list. Make sure that you've scheduled items that may exceed your basic homeowners insurance policy, such as expensive jewelry, guns and antiques. Download our free home inventory checklist by filling out the form on the right hand side of this blog!

3. Maintain Your Home. 

You don't want to do anything to jeopardize your coverage or increase your chances of needing to file an insurance claim. If your home needs repaired, be sure to take care of the issue as soon as possible. Your homeowners policy insures against things such as wind, fire and hail. It doesn't cover just general wear and tear. You're responsible for the upkeep of your home, such as replacing an old roof, painting, repairing steps and decking and other issues that come along with time.

4. Document Everything You Do to Your Home. 

Any repairs or improvements to your home you have done that could add value to your home should be documented. Be sure to keep all your receipts for proof of the work that was done. You should review your homeowners policy annually to make sure that the value of your home and its contents is still within your policy limits. The worst thing that can happen after you've lost your home is finding out that you didn't have adequate coverage to repurchase everything and get your life back together as quickly as possible.

Many homeowners don't understand the importance of reviewing their insurance policy. While it's important that you take out a homeowners insurance policy in the first place, the upkeep of it is just as important. That's where a trusted independent insurance agent at the Lake of the Ozarks comes in handy. By having a great agent, all your insurance questions will get answered. You can talk to a real person rather than navigating through an automated system. For all your Lake of the Ozarks insurance needs, call Insure the Lake 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

NAUGHT-NAUGHT AGENCY

3736 Osage Beach Parkway

Osage Beach, MO 65065

Next to Golden Coral

T: 573-348-2794

F: 573-348-0191

stnaught@naught-naught.com


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5 Insurance Tips for the College Graduate

Graduation season is here and many students are starting life on their own. Now is the time where you fully understand everything that comes with being an adult, and that includes purchasing insurance. While some college students may have already dipped their toes into the world of insurance, many of you are still on your parents' plans. Your Lake of the Ozarks insurance agent is here to offer some insurance advice to the 2016 college graduates. Here are 5 insurance tips to help you get everything you need in order:

1. Take Inventory of Your Property.

If you've been living in a dorm for your entire college career, now may be the first time you're completely in charge of finding a place to live. You'll be responsible for either paying rent or a mortgage, and you'll have to include renters or homeowners insurance in those expenses as well. The first step in purchasing a homeowners or renters insurance policy is to know how much coverage you need. The amount of coverage you purchase should be dependent upon the value of your personal property, this includes any electronics, furniture, jewelry, etc. The worst thing that can happen is finding out you don't have enough insurance coverage to replace everything you own in the event of a total loss.

2. Make Sure Your Ride is Insured. 

Now that you're entering the workforce, hopefully with a full-time job in your degree field, you need to make sure that you have a way to get to work. You most likely have already owned a car for awhile, but maybe you were on your parents' insurance policy up until now. It's time for you to break away from them and get a policy of your own. While auto insurance is required legally, there are different levels of coverage that you will need to consider. The liability options will protect your bank account if you're at fault in an accident, while damage to your car is included in other coverage options. Your agent will be able to walk you through the different options to decide what's best for your situation and the type of vehicle you own.

3. Have an Idea of How High of a Deductible You Can Afford. 

Whether it's for your homeowners insurance policy or your auto insurance policy, you're going to have some sort of deductible. The deductible is the amount you're required to pay before the insurance kicks in. The higher your deductible is, the less you'll pay monthly for your premiums. This isn't always the best option however, as recent college graduates probably don't have a ton of money in savings available to pay a large deductible in the event that something happens. Make sure you think about how much you would be able to pay out of pocket if need be before you choose an insurance policy.

4. Get Enrolled in a Health Insurance Plan. 

You may be able to remain on your parent's existing health insurance policy until age 26.  Some college graduates might have a health insurance plan provided by their new employer, while others will need to enroll in an individual health insurance policy. With the passing of the Affordable Care Act, everyone is required to have health insurance. Talk to an insurance agent to determine which plan will work best for you.

5. Work with an Independent Agent.

The great thing about independent agents is that they has contracts with a variety of different insurance companies, allowing them to help you in all areas of insurance. From home and auto to health and life, your independent insurance agent at the Lake of the Ozarks can make sure you're covered in every area of your life. In addition, independent agents are able to provide you with the best rates and coverage for your needs. They can shop around for the best deals and give you quotes from several different companies.

If you're a recent or soon-to-be college graduate with insurance questions, give Insure the Lake a call at 573-348-2794. You can also request information on our website by filling out our short online form. We specialize in all areas of insurance including home, auto, health, and life. Our Lake of the Ozarks insurance company is here to make your transition from a college student to a working adult just a little bit easier!

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

NAUGHT-NAUGHT AGENCY

3736 Osage Beach Parkway

Osage Beach, MO 65065

Next to Golden Coral

T: 573-348-2794

F: 573-348-0191

stnaught@naught-naught.com


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