How Does Liability Apply to Condo Owners?

There are a lot of great places to live in Memphis, TN, and some of them are condos. If you’re a condo owner (or looking to become one), you might have questions about how insurance works between you and the condo association. Liability can be a tricky thing, so Keltner Insurance is here to help you break down the primary responsibilities. 

Where Did Things Go Wrong?

The primary way to determine liability is to look at the location of the problem. Where and how were the person(s) and/or property hurt or damaged? Someone slipping in your condo’s shower is different from someone slipping on a wet driveway. If the problem happened in an area that is solely owned by you, you will likely be assigned total liability.

If the problem happened in a joint area, such as your driveway, then liability will likely be split between you and the condo association. If the problem happens on condo grounds but can’t be tied to you personally — such as in a condo clubhouse — then you will likely not be assigned any liability at all.

But, There’s a Catch

There’s a catch that is important to understand. If you are not found liable and the association is, there’s a good chance that you’ll still be paying the deductible. Your own condo insurance should remain unaffected by the ordeal (which is a good thing), but most condo associations will split liability deductible fees across members. The standard practice is to have everyone in an affected area pay part of the deductible. So, if the problem happens only on your driveway but you aren’t found liable, you’ll still probably be paying that deductible. If it happens in a common hallway, all of the owners who use that hallway might have to split the cost. This is a normal business practice, and it may even be defined in your contract.

If you have more intricate questions about condo liability, consider talking to your Keltner Insurance representative. They can help you navigate the ins and outs of condo insurance for residents of Memphis, TN. 

Is RV insurance required in Tennessee?

Your motorhome is not just another vehicle in your garage or driveway. An RV is an investment that serves as both a home and an automobile. You need the right type of insurance plan to guard yourself against a significant loss in the instance that your RV is stolen or damaged in Memphis, TN. The agents at Keltner Insurance can help you find the right policy. 

Is RV Insurance required in Tennessee?

The state of Tennessee requires all drivers who operate vehicles in the city or on the highways to show proof of at least liability insurance. Your indemnity plan should pay for no less than $25,000 per person, $50,000 per accident, for bodily injury and $15,000 for property damage. 

You may consider buying more than the state minimum if you have a motorhome since liability insurance only pays if you are responsible for damages. A liability indemnity plan does not cover instances where you are not at fault but the responsible driver lacks the insurance needed to cover your losses. 

How much RV insurance do you need?

In addition to standard auto insurance, you should also consider coverage for the appliances inside of your motorhome. A traditional auto insurance plan does not provide protection if your RV catches fire because of a gas leak connected to the stove. The best motorhome insurance plans, however, offer full coverage against such accidents. 

Call Keltner Insurance for help!

The agents at Keltner Insurance can help you find the RV insurance policy that fits your lifestyle. They can also explain how you can purchase enough coverage to protect you when on the road all while saving money during the months that you do not travel with the family. Call Keltner today to get started with a quote for RV insurance.

You’re Renting Your First Apartment: Now What?

Moving into your first apartment is an exciting life event. No doubt you are pretty high right now on the feelings of independence and freedom. Don’t forget, however, that along with this freedom comes some new responsibilities. You may think that renting means all the responsibilities are on your landlord, but this is not the case. At Keltner Insurance, serving Memphis TN, we love taking the time to educate people on topics such as renter’s insurance. So, if you have not given renter’s insurance much thought, now is the time to get educated.

Why Do You Need Renter’s Insurance?

There is a terrible misconception among renter’s that their landlord’s property insurance is sufficient to protect your belongings in the event of damage. This is not the case. Your landlord’s property insurance will not cover the loss of your personal belongings. If there is damage to your apartment due to fire, flooding, weather or burglary, your furniture, and personal belongings will not be covered under your landlord’s property insurance. 

In order to protect the value of your personal belongings which are inside the apartment, you need renter’s insurance. 

How Does Renter’s Insurance Work?

Your renter’s policy can be customized to suit the value of your personal belongings. Because everyone’s personal belongings are different, you will need to speak with an insurance representative in order to learn how much renter’s insurance you need. 

Once you have purchased a policy, your belongings will be covered in this amount. This is the best way to protect the investment you have made into furniture, electronics, clothing, jewelry and other things that hold value to you. 

If you would like to learn more about renter’s insurance, please contact our friendly staff at Keltner Insurance, serving Memphis, TN. 

Get Your Boat Ready For Spring

This is February and spring starts in March, so it is fast approaching. You can now enjoy your boat. Why don’t you start getting your boat ready for the spring? Here are the necessary steps to take so that you can always get the best performance from your boat.

Check if the insurance of your boat hasn’t expired

The first step is to check if your boat insurance is still active. If it has expired, you may need to renew the insurance. And if you’re yet to insure your boat, it is important for you to insure your boat against damages. Boat insurance also covers you against medical payments and liability lawsuits.

The five types of boat insurance coverage are comprehensive coverage, bodily injury liability, property damage liability, collision damage, and additional coverage.

Confirm if the battery is still intact

Although the lifespan of a battery is about 3 years or more, it could die before then because of inactivity. Refill it with fresh distilled water and charge it. After about 24 hours, check if it still holds a charge. If it does, you’re lucky.

You can now check the electronics

If the battery is still functional, you can install it and test all the electronics in the boat. You don’t want unpleasant surprises while having a boat ride.

Do a routine check on its engine

It may be necessary to change the engine oil, so you can start a new season with fresh oil in the engine of your boat. You may also check the fuel lines for any leaks. Fix it, if any. It is necessary to inspect the gas tank for leaks.

Check its belts for wear

Try and check the belts for wear. If you find any wear, it is better to replace the belt. Don’t take chances. Also, check all the hoses for leaks. Remember to check the safety gear too. You may need to hire a pro for this. Anything related to safety requires the best hands.

For more information on boat insurance, contact Keltner Insurance in Memphis, TN.

 

Do Motorcycle Riders Need Additional Hospitalization Coverage?

If you are planning to buy a motorcycle, or currently own one and have questions about the best coverage, you need to consult with an insurance professional. Insurance agents are extensively trained and skilled to help customers find solutions that offer the best protection from covered events, as well as policies that fit their needs. 

Motorcycle Coverage

One of the most important things to be aware of when buying motorcycle coverage is that it doesn’t cover personal injuries. The rider’s health insurance will need to cover them if they sustain injuries and need to be treated at the hospital. It is critical for the insurance agent to clearly explain this important topic before you make a purchase. Health insurance is very important to have if you ride, additionally, you should avoid a policy with a high deductible to avoid hardships if there is an accident. 

Working With An Agent

A motorcycle insurance policy is different from auto insurance and you should make sure to educate yourself on the fine print and terms and conditions before you buy a policy. Work closely with your agent and make sure they clearly explain everything to you. If you are shopping for motorcycle insurance, check out Keltner Insurance, serving Memphis TN. They can help you make a wise decision and help you to understand the limitations of the policy so you aren’t caught off guard after an accident. 

The best way to protect yourself if you plan to ride is to know what your insurance will and won’t cover and make an adjustment to additional policies accordingly. Residents of Memphis, TN should call or stop by Keltner Insurance to get more details. 

Smart Boating with Boat Insurance

If you love being on the water, having a boat is a no-brainer. One of the most important things to remember when having a boat is to practice smart boating techniques – even with boat insurance.

Smart Boating in Memphis, TN

What can you do to practice smart boating? Not only does smart boating help protect yourself and others who are on the boat, but you may also be able to obtain discounts on your boating insurance policy. Here are a few tips:

  • Take a boating course

A boating course is a great way to learn techniques, rules, and regulations.

  • Get a free vessel safety check

Boat owners can get complimentary boat examinations from the U.S. Coast Guard Auxiliary. These examinations verify the condition of the vessel and whether the boat has the safety equipment required by state and federal regulations.

  • Have adequate safety gear

Ensuring the boat has proper safety gear such as a flashlight, duct tape, first aid kit, bucket, ropes, garbage bags, fire extinguisher and life jackets can make the difference between life and death.

  • Always have life jackets

There are regulatory life jackets approved by the U.S. Coast Guard. The type of life jacket available on the boat should be reflective of the type of activity going on. It’s best to have several sizes to accommodate every passenger on the boat.

Obtaining the Right Insurance

Working with an insurance agency like Keltner Insurance can get you the right quote that meets your budget. Additionally, they will be able to advise you of any discounts that may apply when searching rates. Putting your best foot forward when practicing smart boating will pay off in more ways than one. For more information on obtaining boat insurance in Memphis, TN, contact the team today!

What You Need To Know About Motorcycle Insurance In Memphis, TN

When motorcyclists in the Memphis, TN area seek answers about their insurance policies, the experts at Keltner Insurance are on hand and ready to help. The following guide is here to tell you everything that you need to know about motorcycle insurance so that you can make the best decision possible:

Remain In Compliance With The Law

Tennessee residents who are looking to take their chopper out onto the open road will need to make sure that they are remaining in compliance with the law. No resident can register a motorcycle for legal usage without obtaining the necessary insurance. There is no workaround and residents must take the time to remain in compliance with the law. Otherwise, they are placing themselves at serious risk of legal consequences.

Minimum Coverage Doesn’t Always Cut It

Sure, the motorcyclist can always obtain a bare minimum coverage and technically avoid issues when it comes to law enforcement. But what happens when accidents occur that are not covered? Let’s say that someone else is injured by your screw up. The minimum coverage is simply not going to provide the necessary payout to handle these types of accidents and incidents. The best policies cover a motorcyclist in the event of an accident that they are responsible for.

Your Insurance May Not Cover Extra Costs

Motorcycle insurance is not going to cover when you are laid up with both arms and legs inside of a cast. The rider must make sure that they are obtaining the proper coverage for themselves before they decide to start using their motorcycle on a consistent basis.

Are you a rider in Memphis, TN who is looking to learn more about this coverage? If so, please be sure to head to the Keltner Insurance website today. Any and all questions that you may have about this process can be answered at this location, in as timely of a manner as possible. 

What type of life insurance is best for me

To determine what type of life insurance is best for you a few different factors need to be considered. If you live in Memphis, TN talking to the knowledgeable agents at Keltner Insurance can help you to determine what needs you have in the way of life insurance and how best to fulfill those needs.  

How much insurance do I need

The amount of insurance that you need is one of the most important facts in what type of insurance is best for you. If you have a family that is counting on your income in order to survive, how much will they need if you are no longer there to provide for them? Several years of your income at the very least and the amount that you owe on a mortgage and other debts. This can be quite a considerable amount of life insurance and the most affordable type of life insurance for large amounts is term life. 

Term life insurance

Term life insurance is exactly what the name sounds like, it is for a set term, this can be 10, 20 or 30 years. At the end of the term, your insurance is gone. It gives you the protection you need during the time you need it the most. 

Whole life insurance

Whole life has no end, it is there for all of your life and it will earn interest and grow over the years. You can borrow against it if the need arises and it can be a part of long term financial planning. But it is much more expensive than term life insurance. 

The answer to what type of life insurance is best for me can be both since they both offer protection that is valuable, Talk to the agents at Keltner Insurance in Memphis, TN to discuss the amount that you need and how much you can afford to spend. Stop by their office or give them a call for a no-obligation quote. 

 

3 Insurance Risks for Business Owners

Understanding how to run a business in Memphis, TN requires a special skill set, which not everyone has. Running your own business takes a lot of creativity and drive. Even a successful business, however, can be ruined by unforeseeable circumstances. Understanding your risks is just as important as understanding how to run your business. Here are 3 insurance risks you should consider as a business owner. 

Digital Security Breeches

Often when business owners think about risks, they think in terms of property damage or injuries. Today, however, there are further risks involved in running a business. Any business operating today will be handling personal information in a digital format. Your customers and clients will be expecting you to handle their personal information with care. A digital security breach could leak this information to the wrong people. An event like this can put your company at risk of legal action. 

Work Place Injuries

This is one of the more common risks for businesses, but it is still valid. If you will be employing others to assist you in your business, there is always the chance of injury. When an employee is injured as a result of working for you, you could find yourself in serious legal trouble. 

Property Damage

Your business property is imperative to your success. If the property is damaged due to weather, or other factors, it can drastically affect your profits. Making sure that you are sufficiently protected in a property damage event is crucial to your long term success. 

What Can Business Owners Do?

In order to keep your company protected from these and other risks, commercial insurance policies must be in place. These insurance policies can help to keep your business assets safe and protected when the unknown happens. 

The folks at Keltner Insurance can help you better understand your insurance options. Keltner Insurance proudly serves Memphis, TN and surrounding areas. 

What Should I Look For When Purchasing A Professional Home Security System?

Professional home security systems are becoming increasingly more popular. They are also becoming much more affordable. When residents of Memphis, TN have questions about the benefits of having a professional home security system, the staff of Keltner Insurance is always available to help them find the answers they need.

Cost

A do-it-yourself home security system may run you as much as $500 for equipment. If you purchase a professional home security system like ADT or Vivint, you will be required to sign a contract for approximately 3-years. The benefit of that is minimal upfront cost and no replacement costs if something breaks. Professional monitoring will vary in price, but in most cases is very affordable. 

Easy to Use

Most professional systems are very easy to use. When the system is installed, the technician will go over how the system operates and what you need to do to keep it in good working order. They will also show you how to use smartphone apps and other features so you get the most out of your system.

Professional Services

Professional systems provide services in terms of round the clock customer service, professional monitoring, and professional installation and set-up. They make sure everything is installed correctly the first time. 

Memphis, TN residents who need advice on what type of professional home security system will work best for their home can call the agents at Keltner Insurance. Visit the office or call to schedule a consultation. They can sit down with you and discuss the size of your home and what type of home security system will best meet your individual needs.