Tuesday, July 25, 2017

4 Instances You'll Wish You Had Insurance

Having insurance coverage at the Lake of the Ozarks can protect you in many different aspects of your life. There are always potential risks that could cause you major financial duress if you're not properly insured. Whether something goes awry with your home or business, or damage occurs to your automobile or personal possessions, having a comprehensive insurance policy can protect your interest and help you get back on track more quickly after a loss or incident. In lieu of that, Insure the Lake wants to share with you 4 instances in which you'll wish you had insurance coverage.


1. Auto Accident
If you're involved in an auto accident and you're uninsured, you risk the chance of paying for medical expenses, repairs, etc., not just for yourself, but for everyone involved. Furthermore, in the State of Missouri, if you're involved in an auto accident and are not properly insured per the state's minimum requirements, your license may be suspended,even if the accident wasn't your fault. If the accident was your fault, you will be suspended AND you will not be able to get your license back until you can prove you have taken care of the damages. This simple issue could hold your license up for years. After all these possible consequences, does it really make sense not to have auto insurance?
2. Home Invasion
Imagine getting home from work one evening and finding your back door wide open. The door jamb is busted and as you enter your home, you find it in complete disarray. Your home has been broken into and robbed. You immediately call the police to file a report. But then what? Do you have home owners insurance to cover the loss of your personal property and the damage done to your home? Homeowners insurance is not something that you should take lightly. Your home protects so many valuable belongings – you’ll want to make sure that insurance is there if you do need it.

3. Business Lawsuit
Let's face it. No matter how great of a relationship you build with your clientele, things can happen and business owners may face the threat of a lawsuit every now and then. And while, many business owners believe that their contracts are so solid and ironclad that courts of law will be avoided completely, that's just not the case. Unfortunately, even arbitration can require costly legal representation or advisement. While responsible business owners will continue to depend on contracts as a method to delineate expectations and agreed-upon outputs, contracts do not solve every conceivable problem. Complications happen and sometimes lawsuits are unavoidable. Business insurance may include errors and omissions insurance to protect your company in times of need.

4. Personal Property Loss
If the home or condo that you're renting were to be lost to a fire tomorrow, would you be able to easily replace your property? If you're relying on your landlord's homeowners policy to cover those expenses, you may be in for a rude awakening. If you're renting an apartment or home, you'll need an insurance policy to cover your belongings. Your landlord's property insurance policy covers losses to the building itself – whether it's an apartment, a house or a duplex. Your personal property and certain liabilities, however, are covered only through a renter's insurance policy that you, as a tenant, have to find and pay for.

Whatever your Lake of the Ozarks insurance coverage needs are, you'll want to make sure you're fully covered and prepared for any potential risks or losses that may arise. Insure the Lake specializes in all types of insurance policies ranging from personal home and auto insurance to business liability insurance and workers compensation. So, no matter what your insurance needs are, we can help. Give us a call today to discuss your current coverage and let us review your policies for any gaps that may cause problems in the future. Let us see if we can provide you with 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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Tuesday, July 18, 2017

Benefits of Bundling Insurance Policies

When you purchase more than one type of insurance from a single carrier, a bundling discount may be applied that reduces your premiums. While the most commonly bundled products are auto and homeowner policies, you can often bundle other types of property/casualty insurance too. Bundling may save you money in some cases, but in others it may not. When deciding whether to bundle, it pays to talk to the best insurance agency at the Lake of the Ozarks. Check out some of the benefits of bundling insurance policies.


Saves Money

When bundling home and auto insurance, you could save considerably. Adding another policy such as motorcycle coverage can push savings even higher. In addition to reducing your premium, many insurers offer savings on deductibles. For example, some bundle programs let consumers pay only the highest deductible on their bundled policies if multiple assets are damaged. For instance, if a tornado damages your house, car and boat, you will pay one deductible (the highest one). The others are waived.

More Convenient
Convenience is another advantage to bundling. It reduces the amount of paperwork and simplifies policy management. You don't have to deal with multiple insurance companies and there is only one renewal date to remember. If you have a claim, you need to call only one company. 

Better Coverage
When insurers have access to all of the consumer's policy information, the insurance adviser can identify coverage gaps and can readily make the necessary coverage recommendations. Some companies are better at insuring cars than homes, so its important to work with an experienced insurance agent at the Lake of the Ozarks who can examine the protection level on the home insurance policy to ensure the amount of coverage is suitable for your needs.

No matter what your insurance coverage needs are, Insure the Lake can help you find a policy that best fits you. Naught-Naught Agency is an independent insurance agency that has direct contracts with over 50 insurance companies and access to hundreds more through brokerage services. This allows us to shop the insurance marketplace in order to give you the most comprehensive coverage at a competitive price. So, if you're looking to conveniently bundle your insurance policies to help save time and money, 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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Monday, July 10, 2017

Insure Your Business at the Lake

Operating a business is risky, even for the most seasoned entrepreneurs. There is so much to consider and account for to keep the business running successfully. Some things are just out of a business owner's control though - such as an accident happening on business property, or a lawsuit, or even property loss from theft or natural disaster. For every business, it's essential to protect yourself and the business by purchasing adequate business insurance. Insure the Lake offers a number of different options for almost every aspect of your business insurance coverage at the Lake of the Ozarks. Here are just a few of many different options we can help you with:


General Liability

Commercial General Liability insurance helps to protect your business entity from lawsuits originating out of the operation of your business and may include claims resulting from bodily injury, property damage, completed operations or personal injury. You should choose a limit of coverage you are comfortable with and able to afford. It typically does not cost much to increase your liability limits. Most General Liability policies include the cost to defend lawsuits outside the liability limit, meaning the limits on the policy are not eroded due to defense costs. Be sure you confirm this is the case in your situation.

Loss Prevention

With our insurance company partners, we can evaluate your business’s current conditions and recommend ways to lower property insurance, auto insurance, workers’ compensation insurance or liability insurance losses. Fewer losses result in not only lowered insurance costs overall, but also increase your productivity by avoiding downtime.

Property 

Business property insurance covers the physical parts or your business. These are things like your building, equipment, furnishings, fixtures, inventory, computers, records and other valuable items. This insurance coverage helps repair or replace the building and its contents, and can also help provide income if your business can’t operate for a while after a covered loss.


Worker's Compensation

Whether you have one employee or hundreds, most states require you to have Worker’s Compensation insurance. This insurance protects employees by providing benefits for job-related injuries or illnesses. It protects you and your company by eliminating lawsuits from employees related to these injuries or illnesses. Every state has different insurance requirements, so it’s important to talk to your agent about what your insurance needs.

When considering coverage for your business, it's important to be prepared for worst-case scenarios with the best insurance policy in place that covers your business liabilities and physical property. At our Osage Beach insurance agency, we work with your business and ask detailed questions as your business is like no other. We work to make sure we offer the best coverage to solve your insurance needs. For more information on coverage for your business, give us 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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Wednesday, July 5, 2017

15 Common Insurance Misconceptions

As with every other industry, insurance comes with many different misconceptions. Insurance policies aren't just black and white or one size fits all; they're different for each person and their unique situation. Below are some common misconceptions in regards to auto, home and life insurance. It is important to go over each of these policies with your Lake of the Ozarks insurance agent to make sure you're not falling victim to this misinformation.

Auto Insurance


1. "Full Coverage" Covers Any Circumstance - "Full Coverage" is a frequently used term, but is not an actual type of coverage. So while you may have liability, collision and comprehensive protection, your policy may be lacking in other areas, such as uninsured motorist protection or reimbursement for emergency roadside assistance or rental cars.

2. You're Covered No Matter What Car You're Driving - Automobile insurance is on the actual vehicle, not on the person driving it. And not all coverage fully covers bodily injury, so be sure to speak to your agent to ensure your insurance covers injury expenses for both you and other persons involved.

3. New Vehicles Automatically Get Full Coverage - Your new vehicle will have the same amount of coverage as your last unless you notify your insurance provider that you would like to increase your coverage. Keep in mind, that if you have financing for your vehicle, most lenders require you to carry full coverage while you have that loan with them.

4. Personal Auto Insurance Covers Paid Deliveries - If you are getting paid to make deliveries of any kind, say pizza deliveries, your personal auto insurance does not cover you in the case of an accident. If you regularly operate your personal vehicle for job-related reasons, such as to make deliveries, haul supplies or meet with clients, you may need separate commercial auto insurance.

5. Physical Damage Coverage is Extended to Rental Vehicles - The truth is that physical damage coverage only extends to rented private passenger vehicles. Rental trucks and motorhomes are not covered.

6. Comprehensive Insurance Covers Mechanical Problems - Comprehensive coverage pays for damage to your car that is not the result of a car accident. This includes such things as theft, vandalism, hail, fire and flood, but trouble with your transmission is on you.

Homeowners Insurance


1. Floods and Earthquakes are Covered - The truth is that basic homeowners insurance typically does not cover disasters such as floods and earthquakes. In order to have coverage for a flood or earthquake, you need to purchase additional insurance.

2. Replacement Cost is the Same as Market Value - Replacement cost should represent the amount it would take to rebuild your home. That number could be very different from the amount you could sell it for or what it assess at for tax purposes.

3. Water Damage is Always Covered - Repair of damage caused by water varies on different policies. Your coverage will depend on where the water comes from and what endorsement the policy has. If the damage is a product of neglect, you could be responsible for paying out-of-pocket for those expenses.

4. Personal Property is Covered for Any Type of Damage - Personal property is only covered for certain types of damage or losses and certain property will have limited theft coverage. Typical covered losses are fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, vandalism, theft, falling objects, weight of ice, snow, sleet and freezing.

5. Stolen Jewelry will be Replaced - A basic homeowners policy will only cover jewelry up to $1,000 when the item is stolen. To ensure that jewelry is covered in the event of a loss, it's a good idea to provide a home inventory list and pictures to your insurance provider to keep on file.

Life Insurance


1. Single People with No Dependents Don't Need Life Insurance - Even if you're single, you need enough life insurance to cover the costs of personal debts, medical and funeral bills. If you are uninsured, you may leave a legacy of unpaid expenses for your family or executor to deal with.

2. Coverage Only Needs to Be Twice Your Salary - The amount of life insurance each person needs, depends on each person's specific situation. In addition to medical and funeral bills, you may need to pay off debts such as mortgage and provide for your family for several years.

3. Term Life Insurance Coverage at Work is Sufficient - For a single person of modest means, employer-paid or provided term coverage may actually be enough. However, if you have a spouse or other dependents, or know that you will need coverage upon your death to pay estate taxes, then additional coverage may be necessary.

4. Only the Money Makers Need Life Insurance - The cost of replacing the services formerly provided by a deceased homemaker can be higher than you may think. Depending on the number of children, the cost of daycare can be quite high. You'll also need to factor in the costs for cleaning, cooking, etc.

Insure the Lake can take care of all your insurance needs. From personal and business to home and auto, our insurance company at the Lake of the Ozarks can make sure you're protected in each aspect of your life. Contact us today at 573-348-2794 with any questions you may have about your insurance coverage!

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