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


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

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


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

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


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest

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


FOLLOW US ON SOCIAL MEDIA
Facebook 
Twitter
LinkedIn
Google+ 
Pinterest