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.

Importance of insuring your small business

All businesses whether big or small face a lot of risks. It is, therefore, critical to insure your business. Often, Small business owners tend to overlook this since it is an added expense but, that should not be the case. Small businesses are the backbone of any economy, and they should take insurance very serious because, without them, there is no future for our economy.
Here is a glimpse of some of the reasons as to why insuring your business is important.
•    Cover for liability
Third parties such as workers and customers are a part of your business’s daily activities. With insurance, they are protected from any accident that may occur to them without harming your firm with a series of lawsuits.
•    Avoid closure
Your business premises and other properties are subject to destruction by natural and artificial ways such as by fire, floods, lightning and much more. This destruction will lead to the closure of your business. Insuring these risks ensures the continued survival by helping it get back on its feet.
•    Reduce Risk of making losses
Sometimes making losses can be inevitable. Losses can be caused by theft or fluctuation of the economy which causes a sudden fall in your products’ prices.  Insuring can cover this risks to avoid losses.
•    Protection from Professional liability
In the case of small professional firms such as lawyers, real estate, accountants, hair salons and notaries, insurance cover is crucial for defense and damages for poorly rendered services.
•    Legal requirement
Different states have different laws but almost if not all require you to protect your business as well as your workers from any damages or risks that may occur.
With so many uncertainties, your small business needs protection so as to operate and survive successfully.  By law, such protection is offered by legally registered insurance companies. Memphis, TN, Keltner insurance is one of the registered companies which offer insurance policies to small businesses to cover various risks that may occur. We serve cities such as Tennessee, Mississippi, South Carolina, and Arkansas. For more information, please visit or contact us on our website.

 

 

Common Auto Insurance Mistakes to Avoid

Purchasing a quality auto insurance policy can be one of the most vital tasks for any motorist. Indeed, given the unpredictability of the roadways, ensuring that you, your vehicle, and your passengers are covered in the unfortunate event of an accident is essential. That said, the following is a closer look at some of the top mistakes people make when purchasing an auto insurance policy. 

Misunderstanding Coverage

Firstly, one of the top mistakes people make when purchasing auto insurance is not taking the time to understand their coverage. Whether this means you don’t possess benefits that you believe you do or vice versa, the bottom line is you may be paying for more or less coverage than you require. 

Failure to Compare Rates

Moreover, another of the common mistakes made when purchasing an auto insurance policy is failing to compare rates. Many foolishly assume that every company provides them with the lowest rates possible. This could not be further from the truth. By shopping around before you purchase your policy, you are ensuring that you receive the best coverage for the price. 

Sticking with the Bare Minimum

In addition, many people believe that the bare minimum is enough coverage for everyone. This is also not factual. In fact, many people have cars that would greatly benefit from purchasing a variety of coverage options. For instance, if you are in an area that has frequent issues with extreme weather, you may need to purchase emergency roadside assistance. Likewise, some cars are prone to certain issues (i.e. electrical issues) which would also make a service like emergency roadside assistance highly preferential. 

Overall, for those who live in Memphis, TN, Keltner Insurance is your go to for your insurance needs. Offering customized packages, competitive rates, and much more, shopping with Keltner Insurance in Memphis, TN is a step in the right direction with regards to quality auto protection. 

 

3 Things to Consider When Looking for Insurance in Tennessee

Homeowners and renters have one thing in common: they need to protect their belongings inside the home. Luckily, buying home insurance for homes in and around Memphis, TN can be done right from the comfort of your home. Keltner Insurance is a leading home insurance company in Tennessee. Before committing to your Keltner Insurance policy, there are a few things you will want to consider.

Home Location

The location of your home may impact your policy. If your home is in close proximity to a lake or large body of water, it may be more susceptible to disaster. Fortunately, most home insurance policies provide coverage for weather-related incidents, but it’s always important to check your policy. 

Payments

You will also want to consider how much money you want to spend on your policy. Most home insurance policies are billed in either monthly, quarterly, or every three months. Your Memphis, TN insurance representative will be able to walk you through the different home insurance and payment options. 

Home History

Whether you’ve lived in your house for years or are just moving in, you will also have to consider your home’s history when purchasing home insurance. Insurance policy information is all stored in what’s called the Comprehensive Loss Underwriting Exchange or CLUE. The CLUE data base has information about claims and policies dating back to the construction of the home itself. If there were prior claims filed, this may cause your rates to increase.

Take the time to do some research before buying your home insurance policy. If you have any questions, a licensed home insurance agent can help provide guidance pertaining to your specific scenario or policy.