How will boat insurance protect me?

If you are in the Memphis, TN area, one great way to spend a hot summer day is on your boat. If you do have your own boat, it is important that you have a quality boat insurance policy in place. When you have boat insurance, it can protect you a number of different ways that will prove to be very beneficial.

Provides Protection for Your Asset

A boat is a very valuable asset that needs to be properly protected. At the same time, boats can be involved in accidents, are targets for theft, and could be damaged a number of different ways. Since your boat is at risk at all times, you need to make sure that it is properly covered by insurance. One of the best ways to do this today is through the use of a boat insurance policy. 

Liability Coverage

If you are involved in an accident and are determined to be at fault, you could be facing a liability lawsuit. If you are involved in a liability lawsuit, having the boat insurance policy in place will prove to be very beneficial. The boat insurance provider will give you liability coverage up to a certain predetermined level and can also provide assistance when it comes to negotiating a settlement. 

Since getting boat insurance for your Memphis, TN area boat is such a good idea, it is important that you work with a company that can help to get you into a great policy. One company that can give you the insight you need to get into a quality policy is Keltner Insurance. When you meet with the team at Keltner Insurance, you will quickly find that they can provide you with quality insight to ensure you get into a good policy today. 

Does my Memphis, TN motorcycle policy include coverage for medical expenses?

Does Your Motorcycle Insurance Policy Have the Coverage that You Need?

Motorcycle owners in the larger Memphis, TN area may wonder how much protection their base motorcycle policy provides. If you would like to review your current motorcycle policy to make sure that it provides the protection that you need, the team at Keltner Insurance is here to help. Owning a motorcycle gives you a lot of freedom to get out on the open road and explore all of the beautiful landscapes in our wonderful state, and it also gives you a transportation option to get where you need to go.

Now is a Perfect Time to Review Your Current Policy

If you are considered that your current base policy does not include coverage for medical expenses, it may be time to update your coverage. There are many different levels and types of coverage that are available to motorcycle owners. Your current policy may have sufficient coverage for liability and damage to your bike, but it may lack protection in the event of an accident that causes injuries.

Thinking of Getting a Motorcycle? Review Your Insurance Options First

Tennessee is a great place to own a motorcycle, and that opportunity becomes even better when you know that you have the protection you need! The right policy can protect your bike, yourself, and your passengers.

Whether you are a longtime bike owner or are considering your first purchase, it’s important to know what insurance policy best fits your needs. Call or stop by Keltner Insurance to review your options and make sure you have the right amount and type of coverage. We are proud to serve the fine people of Memphis, TN and the surrounding area and look forward to working with you soon!

Determining How Much Life Insurance You Need

If you know about the benefits of life insurance in Memphis, TN and want to get a policy, then the next step is determining how much coverage you need. An agent at Keltner Insurance can also help you determine how much coverage is best for your situation.

Calculate Your Immediate Obligations after Death: This will take into account final expenses, such as medical bills, funeral costs, debts, the balance of the mortgage, and college costs.

Future Income Needed to Sustain a Household: Calculate the present value of the cash flow streams and come up with a number your family will need after death. Stay at home parents should calculate the cost it would take to replace services, such as childcare. Once you have these two numbers, you can subtract any liquid assets you have and get a rough estimate at how much life insurance to purchase.

There are some outdated rules out there that can be good places to start if you are feeling overwhelmed with getting life insurance. Some suggest to multiply your income by 10. This rule doesn’t take a look at detailed family needs or take into account any current savings accounts. It’s also not useful for determining how much life insurance a stay at home parent should have. The DIME formula (debt, income, mortgage, education) can be more useful, since it will take a look at your family’s expenses. It’s more comprehensive, but it still doesn’t account for any other life insurance coverage you may have, as well as savings accounts. It also doesn’t consider the unpaid contributions for stay at home parents. Always get a little more coverage than you think you need, instead of skimping. A cushion will help your family members maintain their lifestyle.

Contact Keltner Insurance, serving Memphis, TN, to get a quote on life insurance.

What Business Owners Need to Know About Protecting Their Employees

Owning your own business can be a great feeling. However, along with that great feeling comes great responsibility. A business owner has a huge responsibility to his customers, but he also has a responsibility to his employees. It is the employer’s job to make sure that the employees are protected in a few different ways.

Safe Work Place

It is always an employer’s responsibility to make sure the employees are protected in the workplace physically. This means that a safe work environment should be provided. Exposing employees to harsh weather or necessary dangers could put not only the employee at risk, but also you as the business owner as well. When a work environment is not safe there is greater chance of employees getting injured and in the long run that is bad for you as the employer. 

Emotionally Healthy Work Place

In addition to an employees’ physical safety, an employer should also be concerned with the emotional health of the workplace. An emotionally healthy workplace is a place where employees feel safe, listened to, and understood. The workplace should be free of harassment of any kind. Employees should not feel bullied into doing things a certain way. When there is an emotionally healthy workplace, individuals will work together to get things done. If employees feel pressured, bullied or manipulated the company will suffer in the long run. 

Sustainable Policies

The workplace should also provide policies which can work long term with employees. When policies are harsh and unrelenting to the real obstacles which some employees face, the employee can begin to feel boxed up and confined. Make sure that policies are lenient enough to make room for the normal situations which come up in someone’s life. There is more to life than just work and the bottom line. 

When you nurture your employees, they will be more productive and the entire company will benefit. If you would like to learn more about protecting your employees contact Keltner Insurance serving Memphis, TN. 

The Basics of Boat Insurance

If you’re thinking of purchasing a boat insurance plan, it’s important to understand the basics of this policy. For physical damage or total loss, the coverage includes the entire hull, fittings, equipment, furnishings and all permanently attached tools, as part of an agreed amount value policy or an actual cash value policy. These key policies also offer comprehensive liability protection to Memphis, TN boat owners, though you can also opt for a standard homeowner’s policy. There are some unique differences between this two main types of policies offered by insurance companies like Keltner Insurance.

Actual cash value policy – This coverage pays for replacement expenses minus depreciation value at the time of loss. In case a total loss occurs, boat pricing guidelines and other key resources are utilized to determine the boat’s estimated market value. A partial loss is normally settled by deducting depreciation percentage from the total repair cost. 

Agreed amount value policies – When you take this policy, it means that you and the carrier have agreed on your vessels value, and in case of a total loss, the insurer will pay this amount. This coverage also replaces old items with new ones after a partial loss without deducting the depreciation cost.

Physical damage exclusion can include damage from insects, animals (like sharks), mold, defective machinery, zebra mussels, machinery damage, or normal wear and tear.

Your boat insurance can also cover:

  • Property damage –This is the damage that may be caused to another individual’s property
  • Bodily injury –covers injuries caused to another person
  • Medical expenses –pays for injuries to the boat owner and passengers
  • Theft

Note that there are liability limits for each coverage, so it’s safer to ensure that your policy exceeds the set boat insurance limits in Memphis, TN.

For more information on boat insurance basics, be sure to contact Keltner Insurance today.

 

 

Do I need boat insurance for winter when I can’t use it?

Even if the weather in Memphis, TN was nice enough for boating year-round, other obligations would probably keep you from being able to go boating all the time. Between work and family, your time on the water is probably a lot less than you want it to be. 

When you look for boat insurance at Keltner Insurance, you may wonder if you can obtain a policy that only covers the months you can really take advantage of your boat. It seems like a waste of money to pay for insurance when your boat is sitting in storage. If your boat is stored at home, your homeowner’s policy may even protect your boat somewhat. 

Unfortunately, there is probably a limit to how much your homeowner’s policy will pay if, for instance, there is a fire or your boat is stolen. After certain limits, you will be on your own, because the policy will specify what kinds of items are covered. If your boat is valuable at all, the coverage probably won’t be enough. 

If you still owe money on your boat, there is probably a clause that is part of the loan that says if you don’t carry insurance, your lender can attach a more expensive, less advantageous policy and add the money to your loan. That is a normal policy because it is still their investment too until you pay off the loan.

If you are in Memphis, TN and you have a boat you need to protect, it will probably surprise you how affordable it is. Call Keltner Insurance today for a free quote. 

Must Have Insurance Coverage for Your New Condo

Purchasing a condo is the first step towards setting up a new home. The next step is getting condo insurance to protect your investment. Although your condo comes with a master insurance policy, you still need protection for your individual unit. Master policies generally cover the outside of your building and surrounding common areas. An individual condo insurance policy from Keltner Insurance, Memphis, TN, will cover the interior of your home, protect your personal goods and provide you with liability coverage – must have insurance protection for all new condo owners.

Interior Coverage

If a kitchen fire scorches your condo walls or broken water pipes flood your floors, your condo insurance will help cover the cost of repairs so you don’t have to pay out of pocket. Interior condo insurance protects the ceiling, floors, light fixtures and floors of your condo against damage from fire, smoke, adverse weather and other catastrophes. As you never know when disaster will strike, it’s important to be prepared with the insurance protection you need.

Liability Coverage

Having a condo of your own makes entertaining that much more enjoyable. With liability coverage, you can celebrate holidays with family and friends without worrying about accidents occurring on your property. If a guest has an accident while visiting your condo, liability coverage will cover any medical costs. Liability coverage also covers damages to neighboring condos due to accidents you cause.

Personal Property Coverage

Last, but not least, personal property/condo contents insurance will protect your personal goods against theft or harm. If you get replacement cost protection, your insurance will pay to have your goods replaced if they’re totally destroyed or stolen. The more goods you own, the more important it is to protect your investments with adequate personal property coverage.

To learn more about condo insurance and all it has to offer, talk to a Keltner Insurance agent in Memphis, TN today.

How to Determine if You Need Life Insurance

Life insurance is a very popular type of insurance, especially as people get older. However, even if you have thought about life insurance, you may still be on the fence about buying it. A lot of people wonder if they actually need to have this coverage or not. If you have been trying to figure out if you should get life insurance, be sure to use this guide from Keltner Insurance, serving Memphis, TN, to help you decide if you really need it. 

  • You have someone who relies on your income. Whether you have a spouse, children, or both, if they rely on your income for survival, you should consider getting life insurance to help take care of them if anything happens to you. 
  • You have debt. If you have debt that you would leave behind, you do not want to burden your family with the added financial responsibilities. It is a good idea to have enough coverage to take care of this debt. 
  • You don’t have money saved up for a burial. Burials are expensive and if you do not have the money saved up for it already you should consider having a life insurance policy to take care of it so it is one less thing for your family to worry about. 

There are some specific situations where you really should consider purchasing life insurance and there are others where it is simply the smart thing to do. If you are still not sure or if you would like help finding the right policy or amount, be sure to reach out to us here at Keltner Insurance, serving Memphis, TN, today. We are always happy to help and will even provide you with a free quote for coverage that meets your needs and your budget. 

Insuring All Of Your Employees Properly

There are many new businesses in Memphis, TN that need employee insurance. If you are one of them, contact us at Keltner Insurance. We can help to provide you with a guide towards getting the kind of policies outlined below.

Getting Health Insurance

First of all, your employees need high-quality health insurance. Try to find company plans that suit your business size and type. There are many bundles available on the market, so don’t be afraid to do a little shopping to find one that is right for you.

Workers’ Compensation Insurance

Just about any business is going to need a workers’ compensation insurance policy in place. These types of policies help to provide you with cash when one of your employees is hurt on the job site. This cash gives them the ability to recover without suffering from financial difficulties.

Unemployment Insurance Taxes

Paying unemployment insurance taxes ensures that your employees are safe if you have to let them go for any reason. These policies usually kick in if you pay at last $1,500 in wages during one quarter of a calendar year. The insurance rates will vary depending on the size of your business, so make sure that you talk to your state officials first.

Disability Insurance

This type of insurance is different than workers’ compensation because it kicks in if your employees are injured or sick outside of something that happened during work. It helps to make sure they get the rehabilitation that they need to manage their treatment and get back to work. Shop around a bit to find the best rates.

Let Us Help You Get Total Employee Coverage

If your Memphis, TN company needs the kind of high-quality insurance your employees deserve, contact us at Keltner Insurance. We can find a policy that works well for you.

Does Motorcycle Insurance Cover Any Motorcycle Accessories?

When you are purchasing motorcycle insurance, it is important that you understand what is and is not covered by the policy. One of the questions that we at Keltner Insurance, serving the greater Memphis, TN area, are often asked is whether motorcycle insurance covers any motorcycle accessories. 

As a general rule of thumb, motorcycle insurance does not cover any motorcycle accessories. The policy typically only covers factory issued items that come with your motorcycle. If you add any new tires or rims, saddlebags or accessories, like stem covers, these are not covered by your regular motorcycle insurance policy. However, this does not mean that there is not a way to protect or cover them. 

If you have accessories on your motorcycle that are pricey, you may want to consider an add-on policy that covers motorcycle accessories. Accessory add-on policies allow you to cover any accessories that you add on to your motorcycle, as long as you include them in the policy. When you take out the policy, you will be asked to include a list of add-on accessories you have that you wish to cover. You will then need to update the list as you make changes to your bike. This is the best way to ensure that all of your add-ons and accessories are covered in the event of theft or an accident. 

If you are looking to purchase a new motorcycle insurance policy or are looking to purchase an add-on policy to cover your motorcycle accessories in the Memphis, TN area, Keltner Insurance can help you. Contact us today to schedule an appointment to sit down and discuss your insurance needs and let us find you the coverages you need to fully protect your motorcycle and accessories.