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!
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.
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.
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.
Getting homeowners insurance from Keltner Insurance can be an important step for protecting your home and property. When it comes time to file a claim for damages or for liability, you are going to need coverage. If you live in Memphis, TN, then you should get in contact with an agent to discuss options for home insurance. Read more to learn about the top reasons for filing claims on homeowners policies.
Storms and Severe Weather Problems
Storms and the violence and chaos of weather is a top reason for filing a claim in TN on your home policy. Storms and bad weather can cause a lot of destruction quickly and you will need repairs. This is a good time to assess the damages from the storm, winds or bad weather. Next, hop on the phone to discuss the problems with your agent at Keltner Insurance. Damages can be caused to homes from wind, ice, snow, hail, debris, down trees or other issues related to weather.
Water Damage to Homes
Flooding can do major damage to homes. Other types of water damage can also occur, however. This includes burst pipes, leaks and heavy rains that damage roofs and other parts of the home. Water damage accounts for many of the claims homeowners insurance policies cover. If you want to know more about what kind of coverage options are available speak with an agent.
Fire is one of the most damaging elements on this list. Fire can destroy entire homes and ruin personal property. This remains a top reason for filing claims on the home insurance policy in Tennessee. Smoke is also harmful and can destroy peoples’ belongings. Find out more about policies for house insurance and how fire damage is covered by calling an agent.
Car insurance protects you from financial losses in case your car gets into an accident. It is important to have the right type and amount of car insurance at all times. Get the help of a reputable Memphis, TN insurance agency such as Keltner Insurance to get auto insurance quotes that are customized to your needs. They will help you to review your auto insurance and determine whether or not it is time for an update. You could be missing out on new discounts or sticking with insurance coverage that no longer meets your needs. The following are some of the situations that may make it necessary to update your car insurance coverage.
Major Life Changes
Major life changes may force you to update your car insurance coverage. They include; marriage, getting kids and moving to a new home. If you are a new homeowner, you may get a homeowners’ discount. If you are getting married, you may need to include your spouse in your car insurance policy. You may need to remove an old spouse if you are getting divorced. If your child just got their driver’s license, you may need to include them in your policy. That addition may lead to an increase in your premium rates.
Before and After Buying a New Car
You may need to update your auto insurance while shopping for a car. It helps you to know the premium rates beforehand and come up with appropriate budget plans. It helps you to buy a car that you can afford to insure. Updating your premium after buying a new car protects your car in case of accidents. It is important to have your car insured from the first time you drive it. You never know when an accident could happen.
Contact Keltner Insurance for your auto insurance needs in Memphis, TN.
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
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.
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.
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.
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.
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.
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.
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.
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
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.