Friday, January 27, 2017

6 Tips for Filing an Insurance Claim

While most people hope they never actually have to make a claim, insurance coverage is there to offer protection. When it comes time to file that claim, do you know what to do? In today's blog, Insure the Lake offers a few tips for filing insurance claims.

1. Know Your Policy. 


Many people purchase an insurance policy because it's required and then it stays out of sight, out of mind until the need to file a claim arises. One of the most important things you can do is be aware of your insurance coverage. Whether it's auto or home insurance, make sure you know what is covered, what isn't covered and what your deductibles are. If you're unsure about your coverage, schedule an appointment with a local insurance agent at the Lake of the Ozarks today!

2. File Quickly. 


In the event you need to file an insurance claim, be sure to do so quickly. Some policies require you to notify your agent within a certain time frame. You also want all the details of the claim to be fresh in your mind. For example, if you're involved in a car accident, the insurance companies are going to want to know a lot of details that can become hard to remember if you wait too long. 

3. Provide Complete & Accurate Information. 


When filing your claim, it's important that you describe the situation or event in as much detail as possible. You also want to make sure you provide complete and accurate information. Failing to do so could lead to a delay in your claim or even the possibility of being denied.

4. Keep Copies of All Correspondence. 


Any time you talk to someone about your claim, whether it be the other party involved, your insurance agent or their insurance agent, be sure to keep track of all the correspondence. Make a note of the date and time you talked to each person, as well as their name, title and what was said.

5. Ask Questions. 


If at anytime you don't understand something, be sure to ask questions. The insurance industry jargon can often be hard to decipher. This is why having the right insurance agent, one that is local and independent, is very important.  Having someone you trust, that you're able to discuss your insurance issues with face to face is very valuable.

6. Only Make Temporary Repairs. 


Many homeowners and auto insurance policies will cover the costs of temporary repairs that may need to be made in order to avoid further damage. Be sure to keep all your receipts of any temporary repairs. However, you will want to take pictures of any damage before making those repairs. You don't want to make any permanent repairs until after an adjuster has assessed the damage. Doing so could result in your claim being denied.

As your independent insurance agent in Osage Beach, I'm here to help with all your insurance needs, from home and auto to life and business. We hope these tips come in handy when you need to file a claim, and be sure to ask us any questions you may have about the claims process or your insurance in general.

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, January 18, 2017

What To Do After A Storm Hits

At the Lake of the Ozarks, we've been experiencing some severe weather lately. From wind storms to ice storms, you never know what mother nature is going to throw at us. In today's blog, your Lake of the Ozarks insurance agent offers some advice on what to do after a storm if you suspect storm damage to your home.

1. Have Your Home Inspected. 


While major storm damage may be visible to the naked eye, other types of damage can only be determined through further inspection by a professional. Roof damage for example, may be minor at the time Many contractors offer free inspections to help you determine if repairs are needed after a storm hits. (Beware of storm chasers that will come to you looking for work though - instead call a local, reputable professional.) If your home has been damaged by a storm, you may have a limited time to file an insurance claim.

2. Call Your Insurance Agent ASAP. 


If you're sure your home has sustained storm damage, whether it's visible or determined by an inspection, make sure to call your insurance agent as soon as possible. Hopefully you've already reviewed your coverage and are aware what your Lake of the Ozarks homeowners insurance covers and what it doesn't. Typically, your standard homeowners policy will cover damage from fire, hail, tornado, lightning and wind. However, it may not cover flood or earthquake damage. There are many different types of policies, featuring different levels of coverage, limitations and exclusions. It's always smart to check your policy annually to make sure you have adequate coverage.  

3. Only Make Temporary Repairs.


If the damage is severe enough that you can't continue living there without doing something, be sure to only make temporary repairs until the claim is settled. Keep any receipts for temporary repairs you've made to protect your home from further damage. If you have to stay in a hotel for the time being, be sure to keep those receipts as well. You don't want to start the repairs before an insurance adjuster can come out or you might not receive the full insurance benefits available to you. In addition, if the insurance company is going to pay for the repairs, there's no advantage to doing the work yourself.

Don't wait for an emergency to review and understand your coverage. Set up a meeting with your local insurance agent in Osage Beach to discuss your current policy and see if there's any room for improvement. Not only can Insure the Lake help you with your homeowners insurance, but we offer all types of insurance from auto and life insurance to business insurance. Give us a call at 573-348-2794 to discuss 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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Friday, January 13, 2017

16 Insurance Fun Facts

Insurance can be obtained for a variety of different circumstances. While people commonly purchase auto, health, home and life insurance, you can purchase a policy for just about anything. In today's blog, your favorite insurance company in Osage Beach offers some interesting insurance facts for your entertainment.

Insurance Fun Facts


1. The Apollo Astronauts were unable to qualify for life insurance and they were not insured by NASA. Therefore, they resorted to "insurance autographs," which they signed just before launch in the expectation that the value would skyrocket in the event of their deaths.

2. In Japan, avid golfers buy insurance to protect themselves on the course. In the event they get a hole-in-one, they're required to buy gifts and drinks for their friends. The policy covers them for a party worth up to $3,000, for the low price of $65 per year.

3. Even though SONY is known around the world for mostly selling electronics, its insurance division is the major source of profit for the company, while the electronics division is losing money.

4. No insurance company will underwrite Jackie Chan's productions. Therefore, he personally trains his own stuntmen and pays their medical bills out of his own pocket.

5. Aflac, an American insurance company, has been rated as one of the most ethical companies for seven straight years.

6. In London from 1682, one could buy fire insurance. A metal plate was attached to their building ensuring if there was ever a fire, the insurance company would fight to extinguish it. However, if your building wasn't insured, the fire wasn't put out unless it threatened to spread to an insured building.

7. When Microsoft bought all rights to Charle's O'Rear's iconic "Bliss" photo, depicting green hills and a blue sky, they wanted the original film. When the courier learned of it's value, they declined to ship it due to lower insurance limits. O'Rear had to personally deliver it to Seattle.

8. The Turkish government attempted to recover life insurance for the Armenians killed during the Armenian Genocide with the argument that there are no identifiable heirs.

9. Pepsi ran a sweepstakes to win $1 billion in 2003, and paid $10 million for insurance against someone actually winning the grand prize.

10. One of the many reasons for the high suicide rate in Japan is that Japanese life insurance companies will pay even if the cause of death is suicide. Therefore motivating people to die so their families can live in comfort.

11. Insurance can be obtained against the possibility of alien abduction. In fact, over 20,000 people have purchased it.

12. Betty Grables' legs were insured for $1 million each in the 1940s, and the practice of celebrities obtaining insurance for body parts has continued to this day.

13. The first known insurance contract was signed back in 1346.

14. The most expensive insurance policy in the world belongs to American director Steven Spielberg, whose life was insured for $1.2 billion.

15. In 1974, a boy died after eating poisoned Halloween candy. The culprit was his own father who poisoned him to receive a $40,000 insurance policy.

16. In the summer of 2006, a Russian insurance company insured a race on heels. Participants had to cover the distance of 100 meters at a speed on shoes with a heel of at least 9 inches.

For all your Lake of the Ozarks insurance needs, give us a call at 573-348-2794 or stop by our Osage Beach insurance office. Insure the Lake is here to discuss your specific insurance needs and how to best protect you. We work with a variety of different companies in order to give you the most comprehensive coverage at a competitive 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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Thursday, January 5, 2017

Reviewing Your Coverage for the New Year

With a new year upon us, now is a great time to review your insurance coverage to ensure you're adequately covered in 2017! Throughout the year, many changes can occur that affect your insurance that you may not have even realized. In today's blog, your Lake of the Ozarks insurance agent discusses reviewing your coverage for the upcoming year. Below are a 7 reasons you would likely need to update your coverage:

1. You Got Married.  


Many insurance companies offer lower rates for married couples than they do for single people. You both likely had individual policies before tying the knot and now you'll want to combine them. Having you and your new spouse on the same auto policy can save you money on your premiums through joint-policies and multi-car discounts.  You'll also want to take a look at your homeowners policy and life insurance policies to make sure you have enough coverage for the both of you and your combined possessions.

2. You Had a Baby.


Upon increasing the size of your family, it's important you review your insurance coverage, particularly your life insurance, to ensure it is adequate.  If you're planning for your life insurance to match your beneficiary's expenses, a new child will add to those expenses. You want to make sure that if anything were to happen to you or your spouse, you child would be financially taken care of.

3. You Bought a Home. 


While you were likely required to purchase a homeowners policy when you bought the home, you may not have realized that you could qualify for discounts. If you have your home and auto insurance with the same company, you might be able to receive a multi-policy discount. In addition, it's important to review your life insurance policy to ensure adequate coverage for your new mortgage and other expenses of your new circumstances. Talk to your insurance agent at the Lake of the Ozarks to find the best value for your personal situation. 

4. You Remodeled Your Home. 


If you've made any major home improvements over the past year, it's important that you update your insurance policy to cover the extra value added. Don't overlook outside structures you added as well, such as a gazebo, new shed or pool/hot tub. In addition, if you purchase new furniture, appliances, electronics, etc. to go along with the renovations, you may want to increase the amount of personal possessions coverage you have. Be sure to update your home inventory with these items as well.

5. You Got a Divorce.


While marriage can change your insurance rates for the better, divorce can have the opposite affect. If you were getting a multi-car discount or any other discount for married couples, you're going to probably see a change in your rates when you go back down to an individual policy. However, when it comes to your homeowners insurance, it may go down as you could have less personal possessions after a divorce. Talk to your agent about these changes and how they'll affect your Lake of the Ozarks insurance policy.

6. You Changed Jobs.


Many employers offer insurance policies of some sort to their employees. When you choose to change jobs, that insurance coverage goes away. Make sure you're aware of what your old employer was providing you as far as insurance goes and what policies you have on your own. You may need to increase your personal coverage to fill in any gaps. On the other hand, your new employer could provide better coverage and therefore, you may be able to drop some of the coverage you had in a personal policy. Talk to your insurance provider to ensure there are no gaps that need filled or that you're not paying for more coverage than you actually need.

7. You Purchased or were Gifted Valuables.  


Did you receive an expensive ring or other piece of jewelry over the holidays? While your homeowners insurance policy offers coverage for a variety of personal possessions, anything of value should be discussed with your agent. Your coverage for possessions does have a limit and your valuables could be over that limit. In this case, it's important to purchase additional coverage; in the event something would happen to that valuable, you would be able to replace it easily.

As your local independent insurance agent in Osage Beach, I'm here to help with all your insurance questions. From auto insurance to life insurance and everything in between, Insure the Lake will help you find the best value for all your insurance needs. If you've undergone any of these changes over the past year, give me a call to discuss your coverage and your options. Start the new year off right ensuring you have the proper insurance coverage!

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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