Thursday, July 28, 2016

6 Defensive Driving Tips

Summertime at the Lake of the Ozarks means more drivers on the roads and safety on the roads is extremely important. When you drive defensively, you're prepared for the unexpected. You can't count on other people to follow all traffic rules and practice safe driving, so it's up to you to stay alert. Your Lake of the Ozarks insurance agent is here to help you stay safe on the roads with these defensive driving tips:

1. Stay Focused and Avoid Distractions.


With advances in technology and changes in society, becoming distracted while driving is easier than ever before. From setting the radio and watching the GPS for direction to eating and texting while driving, there are a variety of activities that can easily take your focus away from the road. Distracted driving is one of the greatest dangers when it comes to driver safety. Taking 5 seconds to read a text while going 55 mph is the equivalent of driving the entire length of a football field without your eyes on the road. Driving requires your full attention.

2. Maintain a Safe Driving Distance.


In today's world, everyone is always in a hurry. This sense of urgency to get somewhere, whether you're on time or not, causes people to follow other cars too closely. Maintaining a safe following distance is one of the most effective rules in defensive driving, and it's easy to do. Keeping a safe distance from other vehicles allows you longer reaction time in the event something goes wrong. A good rule of thumb for maintaining a safe distance is by using the three second rule for spacing.

3. Be Aware of Your Surroundings.


While driving, your eyes should always be alert. You want to scan your mirrors frequently to check for anything new around you. Watch for aggressive drivers and keep your distance from them. It's also important for you to be aware of pedestrians and bicyclists. Keep your eyes moving. People turn and change direction often, especially if they are lost, and vehicles can appear suddenly next to you. By continuously checking your surroundings and knowing what's there,  you can better prepare for what could happen on the road.

4. Slow Down and Drive the Speed Limit.


The faster you are traveling, the longer it will take to bring your vehicle to a stop in an emergency situation. Speed limits are set for a reason, to keep you and other drivers on the road safe, and it's important that you follow them. Driving 10 mph faster is only going to decrease your drive time by a couple of minutes, so why would you increase the risk of a crash by nearly 50% for that?

5. Look as Far Ahead as You Can.


While driving down the road, it's easy to just look at the car directly in front of you. However, it's important that you looks as far ahead as possible. By this we mean miles ahead, not just a few feet. By knowing what's in front of you, you can prepare for the worst and effectively respond to it. Many accidents can be avoided with better situational awareness.

6. Have an Escape Plan.


One of the most effective ways to avoid a traffic accident is positioning your vehicle so those around you can see you; therefore, don't drive in their blind spot. In addition, it's important to know where you'll go in an emergency situation. Where will you go if the person in front of you slams on their breaks? What will you do if another vehicle starts to drift into your lane? Having an alternate path to travel is essential. Always leave yourself an out, a place to move over if necessary.

Insure the Lake wants to make sure you're safe on the roads. In addition to defensive driving, you want to make sure you're fully covered by your auto insurance. Do you know what your coverage includes? Do you know what your deductible is? These are all important things for drivers to know. For a free quote on auto insurance at the Lake of the Ozarks, give us a call at 573-348-2794 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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Wednesday, July 20, 2016

How Much Life Insurance Do You Need?

While home and auto insurance are often required, life insurance is something that many people over look. The thing to remember is that life insurance isn't for you, it's for your loved ones. The purpose of life insurance is to take care of those you care about once you're gone and avoid putting a financial burden on them in the event that something happens to you. Your Lake of the Ozarks insurance agent is here to help you determine how much life insurance you should have for your specific life situation. Keep reading to learn about some of the main reasons you need to purchase life insurance.

Income Replacement


If you're the one that provides the stable income for your family, it's extremely important that you have life insurance. What would happen if your family no longer had that income to support them? While it may be difficult to think about, life insurance should be thought of as a gift to your family. In the event that something happens to you, the life insurance policy will provide income replacement so that your family can continue to pay the bills and live as they did before you were gone. Consider your monthly income stream when deciding how much life insurance you need. Everyone's situation is different so make sure you look at multiple death benefit amounts to decide what limit you need and amount you can financially afford.

Outstanding Debts & Other Financial Obligations


Without life insurance, your family will be responsible for all your outstanding debts, as well as new expenses incurred during your passing. This can include burial costs, medical expenses, credit card debts, etc. In addition, a life insurance policy's death benefit might be able to pay off a mortgage, supplement retirement savings or fund your child's college tuition. Your family may also incur additional expenses such as the need for childcare, lawn services, repair work or other services that were previously handled by the insured.  When choosing a life insurance policy, you should consider all these types of expenses and how much your family would need to cover them after your passing. In addition, the life insurance policy can also be earmarked to pay estate taxes so that your heirs will not have to liquidate other assets to do so.

As your insurance agent at the Lake of the Ozarks, I can help you figure out your life insurance needs and what will work within your budget. Don't leave your family vulnerable to a financial burdens, give me a call at 573-348-2794 to discuss a Lake of the Ozarks life insurance policy today. For all your insurance needs, 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


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Monday, July 18, 2016

Construction Insurance FAQs

The construction industry is high-risk. As the owner of a construction business, it's important that you make sure you have the proper coverage. Talking with a Lake of the Ozarks insurance agent in regards to your policy is the best way to make sure you've got every aspect of your business protected. Below are the answers to the some of the most common questions we get regarding construction insurance. 

1. What are the main types of construction insurance policies?


Most contractors start off by purchasing a General Liability policy that protects them in the event of a claim where they cause bodily injury or property damage to another party.  This policy also covered the insured for their products and completed operations exposure once they have left the job site.
After the GL policy is in place most contractors purchase Workers Compensation coverage to protect their employees in the event of an injury.  Most subcontractors are required to have both General Liability and Workers Compensation coverage in order to work on behalf of another contractor.
Other coverage considerations are property coverage for your contents, inland marine coverage for your tool floater and coverage for employee tools.  You may also have commercial auto exposure to consider including hired and non-owned auto liability.

2. Who needs construction insurance?


Construction insurance is an essential purchase for any builder, contractor, and construction company or construction manager. Considering the fickle nature of the construction industry, insurance can be comprehensive and cover a multitude of possible problems. The cost of solving these problems is normally many times the cost of the insurance premium. This is why construction insurance is an essential part of a construction budget.

3. What typically does a construction insurance policy cover?


Construction insurance can cover equipment and property in the case of accidental damage, theft and weather. Regardless of the size of your project and the number of people on your team, you can have piece of mind by have a complete construction insurance package.

4.  What typically does a construction insurance policy not cover?


The transportation of building materials from warehouse to building site is not normally covered, but may be available as part of a cargo policy or installation floater. Construction insurance does not cover any extra costs incurred due to delayed completion of the project regardless of the reason for delay.

5. How much construction insurance typically cost?

Cost of insurance will be dictated by size and scope of your operation.  The premium for a drywall installer with 2 employees and $100,000 in receipts is going to cost less than a roofing contractor with 10 employees and $500,000 in gross receipts.  The General Liability is normally based on type of work performed and gross receipts while the workers compensation is based on work performed and payroll.  Job duties with higher risk typically have a higher rating factor, so if you have employees doing multiple job types it may be a good business decision to separate their payroll by jobs performed otherwise their payroll will get lumped unto the highest class.

6. What are the most common problems with insurance policies?


Many policies are written without the insured's proper understanding of how claims affect your future premiums.  The Workers Compensation policies may have an Experience Mod Factor that can either help or hurt your premium payments in the future.  This factor is based on the frequency and severity of claims turned in for your job class over a period of time.  Work with your agent to resolve repeat injury types and this will help lower your mod in the future.

7. What additional coverage is needed? 


Builders Risk insurance covers the property until it is built, but does not cover subsequent problems the building may experience due to errors in workmanship.
You may also want to look into professional liability coverage if available in your construction class.  This could be very important when you are drawing up plans and documents to be used in projects.

At Insure the Lake, we have specialists to answer all your questions in regards to construction insurance at the Lake of the Ozarks. For all your insurance needs, choose the best insurance company at the Lake of the Ozarks. From personal auto and home policies to business policies, we've got you covered! Give us a call at 573-348-2794 with any questions you may have.

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, July 8, 2016

4 Tips for Avoiding Homeowner Disasters

Homeownership can be fun, but with it comes some added responsibility. There are some things you can do now that could save you a lot of money in the long run. Here are a few tips for avoiding a homeowner's nightmare, and hopefully prevent the need to file a Lake of the Ozarks homeowners insurance claim:

1. Clean Out Your Gutters. 


Summertime is the best time for exterior maintenance of your home. Cleaning out your gutters not only makes your house look nicer, it prevents drainage issues that can lead to worse problems. When your gutters are clogged, excess water splashes down toward your siding and foundation, causing cracks to form and walls to lean overtime. Make sure your downspouts are directing water a good 5-10 feet away from your home. 

2. Have Your Roof Inspected. 


Your roof provides protection for your entire home and its contents, so it's important to make sure it's functioning properly. Start by walking around your house looking for cracks in the flashing, any missing or buckled shingles and any excess moss on your roof. These are all signs that you may have a roofing issue that needs to be addressed. Many roofing companies offer free roof inspections, so it may be a good idea to give a professional a call to come out and take a look.

3. Fix Minor Repair Issues. 


While some repairs may seem minor, they can easily grow into bigger disasters. Take a small leak for example. Leaks that go unnoticed can cause damage to wood, metals and sheetrock. Even if a leak isn't visible, you may notice an increase in your water bill. This could be a sign there's a leak somewhere. By fixing small issues now, you can save money in major repairs down the road.

4. Keep Pests Away. 


Keeping an eye out for pests, such as termites, is never a bad idea. If you notice crumbling sheetrock or small holes in the wood around your home, it could be a sign that some type of pest is getting in there. Staying on top of leaks and drainage is a good first step to preventing a termite infestation. In addition, keep outdoor wood products away from your house and off the ground. Seal any holes or cracks in the foundation and trim any foliage away from your home's foundation. You could also consider hiring a pest control company to come out and routinely spray for pests.

Early detection of home related issues is key! By keeping a close eye on what's happening with your house and doing a little preventative maintenance, you can avoid some homeowners disasters. While you're in the process of summer maintenance on your home, be sure to talk to your Lake of the Ozarks insurance agent to make sure your homeowners policy is up-to-date. If something does go wrong, you can rest assured Insure the Lake is here 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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