Thursday, August 25, 2016

The 411 on Boat Insurance

Boating season is starting to come to a close, which means now is the best time to get a great deal on a brand new watercraft! When you do buy a boat, there are a lot of things to consider. You might need a dock to store it in and a boat lift to store it on. You may want skis or a tube, and you're going to need life jackets. One thing you may not have thought about is the fact that, just like cars and motorcycles, boats need insurance. New boats can be quite expensive and you want to protect that investment. Keep reading for the 411 on boat insurance from Insure the Lake.

Boat Insurance


While some states don't have a law requiring you to purchase boat insurance, its definitely something you want to have. If you've used financing for your boat, then its most likely required. Boat insurance is designed to address the specific needs of boaters. While your homeowners policy might offer some coverage for a boat, those policies are typically limited to boats under a certain size and they also do not have the necessary provisions to cover the types of losses that may occur with a boat.

What Does Boat Insurance Cover? 


Boat insurance can be purchased to cover both liability and physical damage to the watercraft. Your policy may include the following coverage:
  • Bodily Injury Liability - covers injury you might cause someone while operating your boat. This includes medical bills, lost income, pain and suffering and legal expenses. 
  • Property Damage Liability - covers damage you might cause to another boat, dock or other property or structure. 
  • Collision Damage - covers repair or replacement of your boat. This may or may not cover cleanup of wreckage unless you purchase optional additional coverage. 
  • Comprehensive - covers if your boat is vandalized, stolen or damaged in an incident other than a collision. 
 Additional coverage can be purchased for a variety of things including medical payments, fishing equipment, oil spills, personal property and roadside assistance. You can also get coverage for damages and injuries from accidents caused by boaters who are either underinsured or not insurance at all.

How Does Boat Insurance Work? 


Boat insurance works very similarly to auto insurance. When you purchase a policy, you'll need to decide how much coverage you want, what your deductible will be and the types of coverage you need. In the event you have a boating accident or experience theft or another covered loss, you would file a claim and receive payment covering the loss. The amount of compensation you'll receive will depend on your deductible, any limits and whether your policy covers your boat’s actual cash value, replacement cost or agreed upon value.

Boat Insurance from Insure the Lake


If you're in the market for a new boat or if you just bought a new boat, its time to start thinking about boat insurance at the Lake of the Ozarks. Boating is a big investment and is something you want to protect. Talk to an independent insurance agent at the Lake of the Ozarks today to understand what coverage is available for you and your situation. 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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Friday, August 19, 2016

Insurance Tips for Students Going Off to College

Summer is coming to an end and everyone is getting ready to head back to school. For those students heading off to college, there's a lot to think about. Insurance coverage is probably one of the last things on your mind, but it's important that you make sure you're still fully covered now that you're leaving the nest and heading out on your own. In today's blog, your favorite Lake of the Ozarks insurance agent offers a few insurance tips for those of you headed off to college:

Dorm Room vs Off-Campus Apartment 


When you lived at home, your parents' homeowners insurance covered all your personal belongings. Now that you're in college to you still have coverage for your stuff? Do you need to buy your own insurance now? The answers to these questions depend on where you are living. If you're living in a dorm room, chances are your parents' homeowners insurance policy will still cover your personal belongings. You may still want to talk to your parents' insurance agent at the Lake of the Ozarks to make sure there is enough coverage for expensive items such as that new laptop you got for school. However, if you live in an off-campus apartment, you'll probably want to invest in a renters insurance policy. While that may just seem like one more bill you're now responsible for paying each month, renter's insurance is very affordable. You can usually find plans for around $15-$20 per month.

Good Student Discounts


Chances are you already have Lake of the Ozarks auto insurance, especially if you've been driving since you were 16 years old. You can easily remain on your parents' auto insurance policy when you go off to college. However, you should consider looking into good student discounts. Whether you're lucky enough to have your parents continue to pay your auto insurance or if they're requiring you to pay it now that you're an adult going off to college, you could save a considerable amount with the good student discount. Talk to your insurance agent about any discounts that may be available.

Health Insurance Requirements


With the Affordable Care Act, everyone is now required to have health insurance, otherwise they will have to pay a penalty. Health insurance policies should in most cases allow children to stay on their parents' policies up to age 26. Be sure to talk to your agent about your coverage and whether or not you need to purchase your own plan now that you're an adult. Open enrollment doesn't happen again until November; however, there are certain exceptions such as having a birthday and turning an age that is no longer covered by your parents' health insurance policy.

When it comes to insurance coverage, Insure the Lake is here to help you with every aspect. From renters insurance to auto insurance, we'll help you find the best coverage at the best price! Give us a call at 573-348-2794 today to discuss your current coverage and identify any gaps or changes that may need to be made at this point in your life. Good luck to all those students heading off to college this fall!

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, August 11, 2016

Why You NEED Disability Insurance

How many people actually understand what disability insurance is? In all reality, disability insurance is a way to protect your paycheck. What would happen if you found out tomorrow you were no longer able to work and make money? Do you have a family that you provide for? Do they rely solely on your income? Keep reading to learn why you should talk to an insurance agent at the Lake of the Ozarks today about disability insurance today.

What is Disability Insurance? 


Disability insurance provides periodic benefit payments when you're disabled and unable to work. The insurance is designed to replace anywhere from 45-65% of your gross income. According to a survey from Life Happens, most people wouldn't make it a month without their paycheck before experiencing financial difficulties.

3 Reasons People Think They Don't Need Disability Insurance 


Like with many other things in life, many people see disability insurance as another monthly expense that they'll likely never use. Let's take a look at 3 of the most common excuses people have for not purchasing disability insurance.

1. "I have disability coverage through my work, so I'm covered." While you may have coverage through work, it's more likely that you actually don't. According to the U.S. Department of Labor, 70% of private employers do not offer long-term disability insurance. It's important to talk to both your employer and your Lake of the Ozarks insurance agent to determine the amount of coverage you may have and the amount of coverage you need. Even if you do have disability insurance coverage through work, it's likely you will need an individual policy to fill in any gaps in coverage. 

2. "As a young and healthy person, I'm not going to become disabled anytime soon." The truth of the matter is, it doesn't matter how young or how healthy you are, anyone can become disabled in an instant. What if you get in a major car accident? Unexpected injuries or illnesses can occur at anytime to anyone. According to a survey from Life Happens, you actually have a 3 in 10 chance of suffering a disability that keeps you out of work for 90 days or more during your career.

3. "I could get by on government benefits." In most long-term disability cases, the injury or illness is not work related, and therefore would not be covered under your employer's workers compensation insurance. If you're planning on Social Security disability benefits, those only pay an average of $1,100 per month. Could you keep up your current lifestyle on that amount of money? At that amount, you'd be living right around the poverty level.

The bottom line here is that if you work and rely on that salary to live your life, you need disability insurance. Your whole life could easily change in the blink of an eye and you want to be financially prepared for anything that could happen. Insure the Lake is here to help with all your insurance needs, including disability insurance at the Lake of the Ozarks. Give me a call at 573-348-2794 to discuss your options 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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Friday, August 5, 2016

Avoiding Property Damage & Personal Injury Due to Trees

3 Ways to Spot Hazardous Trees 


One major cause of property damage and personal injury is associated with trees, limbs and branches. Some preventative maintenance can go a long way to reduce your risk. Your favorite insurance agent at the Lake of the Ozarks is here to help you spot hazardous trees on your property with these tips. By removing them from your property, you can avoid the possibility of them falling on your home and causing damage or even falling on you and causing injury.

1. Look for Signs of Dead Wood. 


Dead wood can be very dangerous; it is soft and brittle, and therefore can easily bend and break in the wind or under the weight of snow or ice. Now is the time to identify dead wood and remove it before winter hits. Here are a few signs to look for:
  • Leafless branches can be a sign of dead wood. However, during the fall season, if you see leaves clinging on when they should be falling, that's also a sign that you could be dealing with some dead wood. 
  • Missing bark is also a sign of dead wood. If bark is falling off and not being replaced, leaving exposed patches of smooth, unprotected wood, chances are you're dealing with a dead tree. Healthy trees will shed bark and replace it with new bark. 
  • Fungus on your tree means that dead wood is imminent. Large wood conchs, shelf fungus, or sprouting mushrooms all indicate your tree may be hazardous. 

2. Examine Cracks and Splits on Your Trees. 


Cold weather is typically the main cause of cracks and splits in your trees. As temperatures fluctuate, the wood expands and contracts causing cracks and splits. Different types of cracks and splits can be more hazardous than other. Let's take a look at the different types of cracks and how they're a risk to you and your property:
  • Two vertical cracks on either side of a tree could be an indication of root breakage, which is very dangerous. 
  • Splits that go down into the ground can be extremely hazardous as well. The rotting inner core of a tree trunk, lightning scars, or structural weakness in general are all known to split trees in half. 
  • If you see cracks on the side of a leaning tree, especially on the side opposite of the lean, you should take action immediately before the tree falls.  

3.  Watch for Tree Borers. 


Insects that nest inside your trees, such as beetles or clear wing moths, can damage your trees to the point of breakage. There are a couple signs of tree borers you can look for:
  • The most obvious indication of a pest infestation is when tree trunks are perforated with tiny holes. Often times tree borers will create a sawdust like substance, so you can look for that as well. 
  • If you notice a strip of bark removed from the circumference of the tree, you could be experiencing tree borers. Bark provides a protective barrier and also distributes nutrients to the tree; without it, the tree can easily die over time. 

In addition to avoiding risk, it's important to make sure your Lake of the Ozarks homeowners insurance is up-to-date. Have you done any remodeling or made any additions to your home to increase its value? Make sure you update your policy as things change so you're fully covered in the event a tree falls on your house. At Insure the Lake, we'll make sure you have the best coverage at the best possible value! Give us a call today 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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