When to Claim Your Home Insurance

Be it as it may, not all damage that happens to your homestead needs the attention of the insurance company. Actually, it is far more economical to avoid filing an insurance claim for petty damages to your home. Needless to say, every claim you make can potentially increase your premiums. Hence, you should be more careful when you are planning to file a claim. There are quite a number of companies for house insurance such as Keltner Insurance in Memphis, TN.

When should you file an insurance claim?

  • If it is something precious to you

Insurance covers are mostly for what we cannot afford to lose such as the valuables that you cannot easily replace. These could include excessive damage to your house or theft.

  • Cost effective replacement

It is expedient to assess the cost of replacing the damage. If the total cost is supposedly less than the deductible amount, you should desist from making an insurance claim.

  • If you can afford it, don’t file a claim

Certainly, the insurance company will pay you less. If you realize that you can comfortably afford the repair yourself, do not make the claim.

  • Avoid multiple claims

Filing several claims within a short period of time will increase your premiums tremendously. You don’t want to be in the high-risk category of your insurance company.

What you need to know before filing a home insurance claim

  • Is the claim covered?

Do not file a claim for anything if you do not have coverage for these claims. You should ensure that whatever claim you are filing should be covered by your home insurance company.

  • There is a potential increase in premiums

Filing a claim can potentially increase your premiums tremendously. If you are not prepared to handle an additional increase in premiums then you can reconsider your stand on filing a claim.

For more information about house insurance, contact Keltner Insurance in Memphis, TN or read more about house insurance from their blog.

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. 

Does RV Insurance Cover Contents?

If you are going to hit the open road in an RV, there are some things you should know before purchasing insurance. It is the law that you must maintain a minimum liability coverage in every state, but depending on the circumstances, you may need to consider what the insurance will cover and if your contents are also covered.

Covering Your Assets

If you are planning on having personal belongings with a high dollar value on board your RV, you are going to want to choose comprehensive insurance. Comprehensive insurance will cover you in the event of theft or fire, for instance, and will provide protection up to the covered dollar amount. If you have liability only, you are only going to cover any damage you cause to another vehicle. Make sure that you take into consideration the dollar amount of belongings such as stoves, refrigerators, and other belongings that will have a high cost to replace.

Living In Your RV?

If you are going to live in your RV, you are going to want to purchase full-time insurance. This is a complete insurance package that is designed to protect your RV much like homeowners’ insurance protects individuals who own a house. When you carry full-time insurance, you need to worry less in the event of an incident where you need complete protection. The cost for this coverage can vary, however, based on the class type you need. Luxury RVs would require class A for instance, and class B would be for travel trailers, campers, and vans. Class C is designed for cargo vans and other similar situations. For more information on RV insurance, or help with deciding which type is best for your needs contact Memphis, TN, Keltner Insurance.

Get helpful service from knowledgeable insurance agents from Memphis, TN, Keltner Insurance. Get out there and enjoy life in your RV without having to worry about your insurance coverage.


Does Motorcycle Insurance have a Deductible?

Many people who own a motorcycle get a bit confused when it comes to insurance. What they fail to realize is that motorcycle insurance is just as important as auto insurance. In fact, the two are very similar. For now, let’s take a moment to take a quick look at motorcycle insurance, including whether or not it has a deductible. 

What is motorcycle insurance?

Just the same as auto insurance provides protection for your car, truck, or SUV, motorcycle insurance provides protection for your motorcycle. There are many reasons as to why you may need to take advantage of motorcycle insurance, including if you are in a collision that is your fault. Also, if you are in a collision that is not your fault but the other driver doesn’t have insurance, your insurance policy can prove to be of the utmost value. If you have full coverage insurance on your motorcycle, you will likely have comprehensive benefits as well, meaning if you hit a deer on your bike, coverage can be paid out to pay for the damages. As you can see, motorcycle insurance will be beneficial in a number of circumstances. 

What about a deductible?

Your insurance policy will come with a deductible, but most times, you will be able to adjust this deductible to meet your needs. For example, the higher the deductible, the lower your monthly insurance payment will be. The lower your deductible, the higher your monthly insurance premium is going to be. Many people choose a deductible anywhere between $500 to $2,000.

To learn more about motorcycle insurance, please contact Keltner Insurance serving the Memphis, TN area. 


How do I insure a houseboat?

Whether you use it as your primary residence or a home away from home in the Summertime, a houseboat combines the comforts of home with the thrill of adventure. So, how do you go about insuring it? A standard home owner policy probably won’t cover it, but is a typical boat insurance policy adequate, or do you need more coverage than that?

The first thing you have to do before calling Keltner Insurance in Memphis, TN about a policy is get your boat surveyed. Fees can range, but tend to be a little costlier for older boats, demanding more thorough inspection. The surveyor is looking at the boat’s current value and condition, and its seaworthiness. You may have already gotten this out of the way in the process of financing your boat, as surveying makes it easier to find a lender.

Once you’ve had your boat surveyed and ascertained its value, you can either insure it for the AAV, or agreed amount value, where you document the hull and attached equipment and agree on a value with your insurer, or you can insure for the ACV. The ACV is the actual cash value, deducting depreciation at the time of claim payment.

You can buy additional insurance including liability and so on. The main AAV or ACV value only covers the boat itself. That should be enough if you don’t plan to take the boat out on open water. Otherwise, you’ll want to talk to Keltner Insurance in Memphis, TN about buying insurance to cover you in the event that you are found to be at fault in an accident. If you only plan to use the boat as your living quarters, then AAV or ACV coverage is all you need.


3 Things to Know Before Buying Boat Insurance

While owning a boat can be great, even when you are land locked like in Memphis, TN, there are a lot of responsibilities that come with boat ownership. One of those responsibilities is buying insurance. Here are a few things you should know before buying boat insurance.

How Boat Insurance Works

Boat insurance is pretty similar to car insurance. You pay a regular premium, the cost of which is dependent on the amount of your deductible and what is covered. Like car insurance, boat insurance typically covers the following:

  • Property Damage Liability

  • Collision Damage

  • Bodily Injury

  • Comprehensive

You may also have additional coverage options. In addition, where you live, the type of boat you have, the type of engine in the boat and where you plan to use the boat– on a lake or on the open seas– will also factor into the cost of your insurance.

Is It Necessary to Carry Boat Insurance?

Some states require you to have boat insurance in the same way they would require you to carry car insurance. You can check with the local DMV to find out what the laws are in Memphis, TN. Some marinas may not allow you to dock your boat with them if it is not insured. If you used a loan to purchase your boat, your lender may require you to keep insurance on it at least until the loan is paid.

Where to Get Boat Insurance

When you are looking for a place to purchase boat insurance, you can go online and submit a form to request a quote. You can also contact an independent agency, like Keltner Insurance, and let them find you the best deal.

When you are looking for insurance for your boat, it is important to know what your coverage options are and what the requirements are where you live. An independent insurance agent will not only help you to find the best deal, but is likely to know the local requirements and is therefore well-suited to answer your questions. If you are looking for boat insurance in the Memphis, TN area, contact Keltner Insurance today.


Do Renters Need Condo Insurance?

Renting a condo is a great way to get a fantastic space to live in all while not having to worry about owning a home. Condos are a fantastic space but they require the same insurance that you would need if you were a renter or if you were to own a home. For those that live in the Memphis, TN area, the agents with Keltner Insurance can help you to find the perfect insurance policy for your condo rented or owned.

For those that own a condo, condo insurance is a must. For those that rent a condo, insurance is still a great idea. Insurance is the best way to protect the interest of those that are renting should something happen to destroy or ruin the living space. For renters of any type, insurance is always a good idea even if the home is insured by the owner of the property.

Though you may not need a condo policy that is meant for those that own a condo, you can still get renters insurance that is geared toward renters of condos. It is always best to talk with an agent about what sort of policy you may end up needing so that you can get the perfect coverage for your particular needs. Though you might think you need a huge policy, generally you only need insurance to cover the cost of your personal property within the condo and to help cover any issue or any injury that might occur in the space.

For those that live in the Memphis, TN area, the agents with Keltner Insurance can help you to find the perfect insurance policy that can help to cover your items and your property should something happen in your condo or the condo that you are renting.  

3 Reasons You Need Life Insurance

Although you may be on the fence with regards to purchasing a life insurance policy, there are plenty of benefits to doing so. For residents of Memphis, TN, the following is a closer look at the three of the top reasons to purchase life insurance.

Final Resting Costs

Firstly, one of the most common reasons for purchasing a life insurance policy is that it can be used to cover costs after you pass away. Rather than leaving these costs on the shoulders of your loved ones, many believe the responsible thing to do is to set up a policy which can be used by your family to cover not only funeral expenses, but other bills associated with the death of a loved one. 

Leaving an Inheritance

Moreover, purchasing a life insurance policy is an excellent way to ensure your loved ones are able to take care of themselves after you’re gone. In you are worried about how your children, spouse, or anyone else who may be financially dependent on you, will be able to fend for themselves once you’re gone, purchasing a life insurance policy can give you the peace of mind you are seeking.

Maintain Coverage

Lastly, by keeping up with the premium each month, you will ensure that you maintain coverage for the remainder of your life. The premium is a very small price to pay for such a huge benefit.

Overall, for those living in Memphis, TN, let Keltner Insurance be your got- for all your insurance needs. Proudly serving the Tennessee area, contact Keltner Insurance today to find out how you can start your policy at once and hopefully save some money in the process. 

How to Choose Home Insurance

For most people, purchasing a home will be one of the largest investments that they make in their lifetime. This is true both emotionally and financially. Therefore, you want to be knowledgeable when it comes to choosing the ideal home insurance for your needs in Memphis, TN. Here are a few tips that should help you out significantly.

1. Look Around for Coverage

If you have a mortgage on your home, the lender will likely require that you get homeowners insurance. Don’t rely on your lender to choose the homeowners insurance for you. Rather, you should get quotes from a number of different home insurance companies and compare their limits, coverage, and deductibles.

Keep in mind that the insurance company offering the lowest price is not always the best choice. Choose a company that offers 24/7 support and excellent customer insurance. 

2. Look Up Company Ratings

You should look up and compare ratings for the insurance companies you’re looking at. A.M. Best is an excellent source for ratings for insurance companies. Ratings will depend on industry standards for home insurance. Insurers who have good ratings are more likely to be a good choice.

3. Keep Location in Mind

You should also keep the location of your home in mind when it comes to buying a home. The location of your property could impact the cost of your home insurance. For example, if there is a fire station just five minutes away, you can expect to pay less for home insurance. On the other hand, if your home is located in an area prone to natural disasters, you can expect to pay more.

For more information about how to choose home insurance, don’t hesitate to contact us here at Keltner Insurance. Our professionals here at Keltner Insurance will be able to provide quotes to individuals in Memphis, TN and the surrounding area.