Is RV Insurance Mandatory In Tennessee?

Owning a recreational vehicle (RV) is a lot of fun. It provides you with a unique way to cruise across the country while you enjoy home-like comfort. However, RV ownership comes with a large investment that is as expensive as purchasing a house. With this in mind, your RV should be well-protected with insurance like any other investment. And that’s not all. 

RVs are large vehicles that can cause significant damage and injuries if involved in an accident. Imagine the accident-related costs you can be saddled with if you haven’t purchased RV insurance? Massive, right? Fortunately, if you are a resident of Memphis, TN, and the surrounding areas, Keltner insurance is there to solve your RV insurance headache.

RV insurance in Tennessee

Most of the states require that you have RV insurance, just like auto insurance. In Tennessee, RV insurance is mandatory, especially if it’s driven on the road. To note is that there are numerous RV insurance options to ensure optimal protection. However, most states like Tennessee require you have at least liability insurance coverage.

Below are some standard insurance coverages for RVs:

  • Bodily injury liability: If your RV is involved in an accident and there is an injured person, this insurance will cover the hospital bill as well as the loss of income.
  • Collision: If your RV gets hit by another vehicle, hits another car or object, or rolls over, this insurance coverage will pay for the damage.
  • Comprehensive: This form of RV insurance coverage pays for any loss not caused by a collision. For example, vandalism, fire, hail, theft, and falling objects.
  • Uninsured and underinsured motorist: The coverage covers you if you are involved in an accident caused by a driver with no insurance or insurance that cannot cover the damage caused entirely.

Other RV insurance coverages you can consider are:

  • Roadside assistance
  • Towing and labor
  • Vacation liability

Folks, there you have it. Whether you own an RV or planning to buy one, insurance coverage is mandatory. Fortunately for Memphis, TN residents, Keltner insurance has the right insurance coverage for your RV that will protect you as you cruise around the country. Call us today for a quote and more information.

Why Do You Need Renters’ Insurance?

If you rent your home, there are many different ways that things can go wrong and leave you in the lurch. With renters’ insurance, you can guard against many of these scenarios and keep yourself financially protected. Do you really need renters’ insurance? Yes! Most landlords require renters to have it, and even when they don’t, it’s important coverage to have. Call us at Keltner Insurance in Memphis, TN to learn more.

Losing Your Belongings

One reason that renters’ insurance is so important is that there are many things that can happen that can ruin your belongings. There are accidents, tragedies, catastrophes, and other incidents that can leave you with nothing. With this insurance in place, your belongings can be replaced. When you get your renters’ policy, be sure to film or photograph everything in your rental so that you have proof of what you owned before the incident happened. 

Losing Your Home

Though it may be rare, there are many ways that a rented home can be destroyed or damaged beyond its livability. If your home is rendered unlivable, there is coverage in renters’ insurance that protects you against this. It will pay for other living accommodations and expenses like meals since you won’t have a place to cook. It’s valuable coverage that no one who rents should be without. 

Losing Your Money

This is a litigious society, and if someone were to have an accident or get sick in your home, they could sue and win. This would make you come up with all the money needed for their medical bills. To avoid this, liability coverage is included in renters’ insurance. It’s a good way to protect your future from serious financial trouble. 

Get Your Renters’ Insurance

If you rent and need this insurance, contact us at Keltner Insurance in Memphis, TN to talk about your rental and its insurance needs.

Why do you need boat insurance in Memphis?

If you live in the Memphis, TN area finding a way to enjoy the hot summer months is very important. One way that people can ensure that they stay and active this time of the year is by getting their own boat. If you are going to purchase a boat when you are in this area of Tennessee, having the right insurance for it is very important. There continues to be a few reasons people need to have boat insurance.

Using Your Boat in Certain Areas Requires Insurance

Depending on where you want to use your boat in the Memphis area you may be required to carry insurance at all times. There are certain marinas and waterways that can be accessed in the area that do require that people have insurance at all times. You may be required to provide evidence of this coverage prior to using these waterways.

Insurance is Required by Lenders

It can be a good option for a lot of people to finance the purchase of their boat with a loan. While using a loan can help you buy a boat in this area of Tennessee, you do have requirements that need to be met. A boat lender will want you to have a full insurance package at all times. Getting this protection ultimately protects the lender’s security interest in your boat until you have paid off the loan.

There are always plenty of reasons for you to get a boat insurance plan when you are a boat owner in the Memphis, TN area. If you are looking for a new policy here, you should call Keltner Insurance. The team with Keltner Insurance can give you the support that is needed to build a policy that is ideal for your situation. 

Who needs motorcycle insurance in Memphis?

The Memphis, TN area is a great place to live. This area offers residents nice weather for most of the year and plenty to experience and see in the city and surrounding communities. If you are looking to get around town here, getting a motorcycle could be a great option. A motorcycle will provide you with a fun and efficient mode of transportation. If you do get one here, you also need to get the right insurance for it. There are several situations when someone will need this coverage. 

Those That Want to Drive It

A common situation when motorcycle owners will need to have motorcycle insurance is when they want to drive their motorcycle. Those that drive a motorcycle will have similar insurance requirements as those that drive any type of car. In this state, you will have to carry at least a full liability policy with limit levels that keep you in compliance with state law.

Those That Finance their Motorcycle

The cost of a motorcycle can be significant. Due to this, it is somewhat common for people to take out a loan when they want to acquire one. If you are going to take out a motorcycle loan, you will have to understand and follow the motorcycle insurance requirements. In many cases, you will have to carry a full motorcycle insurance policy that provides additional collision and comprehensive insurance protection. 

If you would like a new motorcycle insurance policy in the Memphis, TN area, it would be a good idea for you to call Keltner Insurance. The team with Keltner Insurance understands how important it is for all people to get the right coverage. They can then help anyone to get into a new policy that will offer the appropriate protection. 

Is boat insurance required?

Your boat spends more time in your driveway than on the water. Such is the reason you feel it unnecessary to purchase boat insurance. An indemnity plan for your water vessel may not be required in Memphis, TN, but such financial covering is essential. The agents at Keltner Insurance can help you understand why boat insurance is so important. 

What does boat insurance cover? 

Boat insurance works like auto insurance. A good plan typically covers:

  • The vessel;
  • Medical Bills;
  • Property Damage.

The extent that an insurance provider pays after an incident largely depends on your policy limits. Those who want cheaper monthly premiums may not have policy limits that pay for everything. Individuals who choose to pay more for insurance coverage, on the other hand, may find their plan pays out the maximum when the unforeseen happens. 

Is boat insurance always an option?

For the most part, boat insurance is not required in Memphis, TN. There is no state law that mandates water vessel owners to purchase a policy. There are, however, instances in which boat insurance may be required. 

Individuals who financed the purchase of their boat may need to buy a boat insurance plan that, at a minimum, covers the vessel. You may also view boat insurance as more of a requirement if you operate the vessel more often and with passengers. You are responsible for damages you cause to other boats as well as to individuals riding with you even if you do not have boat insurance as a financial cushion.  

How much boat insurance should you buy?

It is best to speak with an expert at Keltner Insurance when determining how much boat insurance to purchase. An agent can fully explain the benefits of a good policy as well as ensure you have the plan that best suits your lifestyle. Call Keltner Insurance today to get started with a quote for boat insurance.

5 Best Safety Tips for Motorcyclists

While there is no mistaking that motorcycles are fun, daring, and cool they are also dangerous and more likely to be in an accident than a car, truck, or SUV. When it comes to motorcycle safety, these are a few tips to always have at the forefront of your mind.

1. Motorcycle Safety Course

Keep in mind that in order to legally operate a motorcycle in Tennessee that is over 50cc, you must have a Class M license. Although it is not required by the state, all motorcyclists are encouraged to complete one of the many safety courses offered by the Motorcycle Safety Foundation. 

2. Pre-Ride Inspection

Prior to embarking on your motorcycle, it is highly recommended that you do a visual inspection to check for anything from leaks to loose bolts to debris in the tires. 

3. Wear Protective Gear

As a general rule of thumb, you’ll want boots that cover your entire ankle, an abrasion-resistant jacket with additional armor, long pants, gloves, and a full-face helmet. Although an open face helmet may keep you cooler in hotter months, it is important to remember that nearly a quarter of all impacts during accidents start with the chin. 

4. Drive Defensively

While it may be tempting to weave in and out of traffic, don’t do it because other drivers may not see you. Instead, drive like no one can see you and give plenty of leeway to other vehicles on the road.

5. Don’t Skimp on Insurance

Not only is motorcycle insurance required in Tennessee, but you want to ensure you have enough coverage to protect yourself and any passengers if an accident happens. At Keltner Insurance in Memphis, TN, our friendly and talented team will help customize the perfect insurance policy for your needs. 

Exploring The Benefits Of Variable Life Insurance

Keltner Insurance serves the Memphis, TN community by offering residents different types of insurance policies. As an independent insurance agency, we have established successful partnerships with several insurance carriers throughout the South. We are committed to helping our clients protect the things that matter most.

Life Insurance

While it is uncomfortable, at some point you have to start thinking about your final days. It’s important to have a plan in place so that your loved ones won’t feel uncertain in the wake of your passing. Life insurance helps your family deal with your passing by providing a safety net.

The Benefits Of Variable Life Insurance

Variable life insurance is one of the most flexible types of life insurance policies on the market. You have several different options if you want to amend your policy due to evolving market conditions. The ability to adapt is a clear difference between variable life coverage and term life or whole life coverage. That’s why variable life insurance is regarded by many as having a higher upside compared to other types of life insurance policies.

While you research different policies, you’ll receive a prospectus, which outlines the different options and ways that you can amend your policy. You have a lot of freedom regarding your investment. Variable life policies have higher growth potential compared to other policies.

While researching different variable life insurance policies, you’ll have to evaluate your future. If you are already married with children, you have to approach things differently compared to if you are just starting a family. If you have financial investments through your employer in Memphis, TN, that is also something that you must take into consideration. You’ll have to evaluate your plans for the future.

Keltner Insurance Will Guide You Through The Process

Visit our website today to learn more information about variable life insurance.

Reasons To Have Commercial Insurance

If you are starting a new company, commercial insurance is one of the most important investments to make. The purpose of commercial insurance is to protect you as a business owner, your employees, and the company itself from severe financial losses. If you are still deciding whether you need commercial insurance or not, Keltner Insurance serving Memphis, TN has prepared the list of reasons why it is important to have this type of insurance:

  • Comply with state laws. The state of Tennessee requires every company that has 5 and more employees to carry workers’ compensation insurance. Workers’ compensation is the type of coverage that will pay the bills if one of your employees is injured at the workplace. In addition, all companies that have a commercial vehicle must have proper commercial auto insurance as well. 
  • Coverage of legal fees. It is quite common for a small business to become a target for lawsuits. For example, if your client or visitor falls on your commercial property and gets injured, you can get sued. Commercial insurance offers lawsuit protection, which means legal bills will be paid by your insurance company and will not drain your bank account. 
  • Recovery from a business property damage.  Commercial insurance also covers for all replacement and repairs if your commercial property and business equipment get damaged. It also provides coverage for losses related to vandalism, fire, or theft. 

If you are a business owner from Memphis, TN or any surrounding area and you are looking for proper commercial insurance to protect your company, let Keltner Insurance help you. We are an independent insurance agency serving three states – Tennessee, Mississippi, and Arkansas. Do not hesitate to give us a call and find out how we can help you protect your business and yourself. 

Who would benefit from getting motorcycle insurance?

The Memphis, TN area has many great days of warmth and sunshine. This can make it a great opportunity to get around town on your own motorcycle. If you do get a motorcycle, you should make sure that you get a proper insurance policy. When you have this form of insurance, it could benefit you in several different ways. 

Those that Want to Protect Assets

One group that will benefit from a motorcycle insurance policy are those that want to protect their assets. A motorcycle can be a big investment, based on the option that you choose when you decide to buy. If you would like to be able to repair or replace your motorcycle following an accident or theft, you will want to have a full motorcycle insurance policy with both collision and comprehensive coverage. 

Those that Want to Protect Against Liability

Another situation when you will want to get a motorcycle insurance policy is when you want to protect against liability. There is always a risk that you can cause an accident when you are operating a motorcycle. If this does occur, having insurance will be helpful as the liability insurance component will ensure you have coverage for the damages that you cause, which could drastically reduce any out of pocket costs. 

As you are searching for a motorcycle insurance policy, it is important that you speak with a team that you can trust. The insurance team at Keltner Insurance has helped people all over the Memphis, TN area to find insurance policies that provide the right coverage that you will need to protect your asset. Keltner Insurance will be able to work with you to ensure you get a policy that provides the right protection and gives you peace of mind.

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.