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4 Reasons People File Auto Insurance Claims

Fri, 15 Jul 2022 19:35:55 GMT

All drivers must have auto insurance to protect themselves and their vehicles. While you hope that you never have to file a claim, having the right coverage in place ensures you can access essential funds for repairs and other expenses. Here are a few reasons why drivers commonly file claims, and how the right policy can help you.

What Are the Most Common Car Insurance Claims?

1. Theft or Vandalism

Along with collisions, many drivers file claims after their vehicles have fallen victim to non-collision events. Theft and vandalism pose a major risk to your car, especially if it's considered a total loss. Comprehensive insurance covers non-collision events, including damage caused by criminals as they attempt to steal your vehicle.

2. Fender Benders

Fender benders often occur in parking lots, where numerous vehicles are all vying for the same spots. If you return to your car and find that it's been damaged by a hit and run, it may be impossible to track down the other driver to get their insurance info. Fortunately, a collision policy pays for damage, regardless of who was at fault.

3. Whiplash and Other Injuries

In the event you are responsible for an accident that results in injuries, liability coverage is a must to protect you. Liability insurance will pay for the other party's medical costs and lost wages. It can also provide you with funds if you're subject to a lawsuit. Keep in mind that litigation can get very expensive very quickly, and you'll be on the hook for any expenses if you don't have the proper coverage.

4. Weather Damage

Much like incidents of theft and vandalism, weather damage is covered by comprehensive insurance policies. Many weather events can harm your vehicle, such as large pieces of hail capable of causing body damage. High winds can also cause a tree branch to break and land on your car, which can affect multiple areas at once. Weather damage is often expensive to repair, so you must have the right type of insurance protection.

Your vehicle is a major investment, and a quality auto insurance policy can protect it. With a reputation for excellence throughout Clarksville, AR, Phil Taylor Insurance Agency can help you find the most suitable policy for your needs. These insurance agents are known for finding the best policies at the most affordable prices to keep your budget on the right track. They also provide exemplary customer care, whether you have questions or are filing a claim. Learn more about their auto policies by visiting the website , or call (479) 754-2616 to schedule a consultation with a knowledgeable representative.

3 Factors That Impact Auto Insurance Rates

Thu, 16 Jun 2022 20:19:49 GMT

Auto insurance saves you countless dollars when you're in an accident, and it's legally required. If you're exploring rates, you may be wondering how insurance agents determine the plan's monthly cost. Here are several universal factors they use to make their decision.

What Determines Auto Insurance Rates?

1. Driving Record

Your history behind the wheel is the most important determining factor. If you've been in many accidents or have multiple driving violations, the insurance carrier will see you as a liability. They have to assume you're more likely to experience an issue, file a claim, and require compensation. If you're quoted a high rate, dispute errors on your driving record or ask the auto insurance agent about ways to track good driving to eventually receive a lower rate.

2. Age

It's well known that teens have higher insurance rates because they have no driving history and they're inexperienced; therefore, agencies assume they're more likely to get into an accident. As you develop a positive driving history, your rates should drop. However, at age 65, carriers may raise rates. They often have concerns that age-related illness, vision issues, and other health factors raise the likelihood of seniors getting into an accident.

3. Credit Score

Credit scores measure how well you manage debt. Scores range from 300 to 860, and financial companies use the score to determine how reliably you can pay your debt each month. If you have a high score from paying debts on time and carrying a low balance, auto insurance companies will feel comfortable that you'll pay your monthly premium on time.

The team at Phil Taylor Insurance Agency will work closely with you to ensure you get the best auto insurance rate. Serving Clarksville, AR, these professionals provide policies for boat and RV insurance, home insurance , renters insurance, and more. Call (479) 754-2616 to request an insurance quote, and connect on Facebook for more tips. Visit their website to learn more about their policies.

4 Common Mistakes When Buying Home Insurance

Tue, 26 Apr 2022 20:31:12 GMT

A home is the most valuable asset that most people own, so protecting it with adequate home insurance is a necessity. There are some common errors you'll want to avoid as you evaluate different options. Keep these tips in mind to prevent problems with your coverage.

Pitfalls to Avoid When Buying Homeowners Insurance

1. Underinsuring Your Property

Many homeowners don't carry adequate coverage to replace their home if the worst happens. You need to ensure that your policy will fully cover the rebuilding of your property if your house is declared a total loss following a disaster. Without enough coverage, you'll be responsible for the difference between the insurance payout and what's required to construct a new home.

2. Reducing Coverage for a Lower Premium

Understandably, many homeowners like to save money on their month-to-month expenses. However, you don't want to sacrifice the safety net of full coverage to lower your premiums. Instead, maintain your current coverage and raise your deductible to a higher amount to bring down your premium costs. With this arrangement, you'll save money on your monthly expenses and maintain the coverage you need. If you have to make a claim, you'll need to pay a higher deductible, but you'll save money otherwise.

3. Being Unaware of Exclusions

All policies have exclusions, or items that aren't covered if you need to file a claim. Each policy is different, so it's vital to study yours carefully. For example, your policy might have provisions for fire but may not protect you in the event of a flood. If your area is prone to specific natural disasters, it's wise to make sure your coverage accounts for these risks. Review your policy with an agent to determine if anything should be added or removed.

4. Misunderstanding Replacement Cost Vs. Actual Cash Value

Home insurance falls into one of two categories: replacement cost or actual cash value. Replacement cost insurance pays out the amount that you'd need to replace your home if it were a total loss. Actual cash value coverage only pays the depreciated value of the home at the time of the incident.

If you need home insurance, contact Phil Taylor Insurance Agency in Clarksville, AR. This independent agency provides competitive quotes for various types of policies, including home and auto coverage. They'll help you find the best policy for your situation. Learn more about what they have to offer online , and call (479) 754-2616 with questions.

The Do's and Don’ts of Motorcycle Safety

Tue, 29 Mar 2022 21:39:35 GMT

Riding a motorcycle can be an exhilarating experience, but it’s still important to take extra precautions on the road. As a rider, you’re more exposed to the elements and road conditions than drivers in fully enclosed vehicles. Taking the right steps will help you stay safe while keeping your motorcycle insurance rates low. Here are some basic do's and don’ts you should know.

Do:

Dress the part.

Protective gear is essential when riding a motorcycle because it's your best defense against outdoor conditions. Wear a helmet, protective eyewear, and gloves to cover some of the most vulnerable parts of your body. Choose long pants and a jacket made from thick materials that are designed to withstand wear and tear, including kicked-up road debris and pavement if you’re in an accident.

Check your bike.

Even if you’re sure it’s in good shape, check your motorcycle thoroughly before each ride. Assess the condition of the mirrors and lights and check the tire pressure to ensure safe operation and handling. Look carefully for any signs the bike may be compromised, like loose parts or leaking hoses. If there’s a problem, resolve it before your ride.

Don’t:

Use the shoulder.

It may be tempting to dodge traffic, but never ride the road’s shoulder. Just like other vehicles on the street, motorcycles need to follow the rules of the road. By law, you also can’t overtake or pass a car in the same line or travel between vehicles. Essentially, behave like you’re driving a car when sharing the road.

Follow too closely.

In the same vein, avoid following the vehicle in front of you too closely. Tailing other vehicles increases the risk of an accident if the driver hits their brakes suddenly, and the incident could increase your motorcycle insurance rates. Following another driver too closely also makes it hard to see obstacles. Keeping your distance allows you to plan for upcoming curves and changes in road conditions that would require action.

If you’re interested in purchasing motorcycle insurance, you can trust Phil Taylor Insurance Agency, Inc. Proudly serving clients throughout Clarksville, AR, and surrounding areas, they provide insurance policies for your most valuable investments, including all types of vehicles. Visit the website for more information, or call (479) 754-2616 to request a quote.

3 Ways to Lower Your Home Insurance Costs

Thu, 24 Feb 2022 13:39:24 GMT

Home insurance is a valuable asset that protects your property and family. Although coverage isn't mandatory in every state, many lenders and mortgage companies do require it, so you may wonder about making sure it's affordable. Below are a few ways you can find savings.

How to Reduce Home Insurance Expenses

1. Get Multiple Estimates

Even if your mortgage provider requires insurance coverage, the carrier is up to you. Collect estimates from at least three insurers to find a fair rate. You can also ask friends, family, and professional acquaintances whether they're happy with their carriers. Comparing the estimates you receive with these recommendations makes it easier to find a trustworthy provider.

2. Increase Your Deductible

Typical insurance costs come in two forms. The premium is the amount you pay each month, while the deductible is the amount you pay toward a claim before the provider steps in to cover the balance.

In general, the higher the deductible, the lower the premiums will be. Most deductibles are set low automatically, but this isn't always advantageous. If you only anticipate needing to file small claims, pick a higher rate that is still affordable.

3. Ask for Discounts

Most home insurance providers offer a wide range of discounts to reward everything from renewing for several consecutive years to bundling home and auto insurance policies with the same company. Not all insurers offer the same discounts or the same rates, so ask the providers which discounts you qualify for before purchasing a policy. They may offer additional incentives for home upgrades, such as security systems and solar panels.

When you’re ready to start saving on home insurance payments, get in touch with Phil Taylor Insurance Agency in Clarksville, AR. This trusted insurer emphasizes dedicated, personal attention and advice to help customers protect their property at affordable rates. They’ll work to understand your circumstances and budget before tailoring a policy to suit your needs. Visit them online or call (479) 754-2616 to request a quote.

4 Tips for Preventing Burst Pipes in the Winter

Thu, 20 Jan 2022 13:54:25 GMT

As water freezes, it can expand by nearly 10%, creating problems for your plumbing system. Ice can burst pipes from within, causing extensive damage to your plumbing and potentially flooding your home. Your home insurance policy may cover the cost of repairs , but most issues can be avoided with the following steps.

How to Keep Your Pipes From Freezing

1. Insulate Exposed Pipes

Pipes in the crawlspace, garage, and uninsulated exterior walls are most susceptible to freezing. Most hardware stores sell preformed foam sleeves that fit around pipes to protect them from the cold. Taking the time to ensure all of your pipes are properly insulated could keep them from bursting when temperatures drop below freezing.

2. Turn Off Exterior Faucets

Because pipes feeding outdoor faucets usually aren’t insulated, they’re one of the most common causes of plumbing-related home insurance claims. Turn off the valve controlling the outside faucet, then open the tap. This will drain most of the water from the system, so the pipe won’t freeze even in the coldest winter.

3. Open the Cabinets

The cabinet doors under your sink keep warm air from flowing around the pipes, making them more vulnerable to freezing. This is especially dangerous because the plumbing fixtures under sinks typically aren’t insulated. Opening the cabinet doors will minimize the risk by letting your furnace heat up the pipes.

4. Keep Water Flowing

Moving water doesn’t freeze as easily, so it’s a good idea to keep water flowing through your pipes. Opening up the taps to let a trickle of water through can be enough to keep your plumbing intact.

Phil Taylor Insurance Agency in Clarksville, AR, knows how to protect your most valuable investment. They offer home insurance policies from a variety of respected carriers and provide a level of service that earned them the 2015 Small Business of the Year award by the Clarksville Johnson County Chamber. Visit the website for more on their home insurance services, get safety tips and advice on Facebook , and call (479) 754-2616 to request a free quote.

4 Safety Tips for Driving in the Dark

Sat, 11 Dec 2021 14:20:57 GMT

You can encounter road hazards when driving at any time of the day, but the risk for accidents significantly increases once the sun goes down. Navigating the roadways after dark presents a unique set of challenges, leading to many auto insurance claims every year. As such, extra precautions should be taken when you get behind the wheel at night. Here are a few tips to help keep yourself and your passengers safe.

How to Drive Safely at Night

1. Use Your Headlights Correctly

Decreased visibility becomes a problem for drivers when it’s dark, so it’s essential to make sure your headlights are in good working condition and that they’re used properly. Turning on your lights an hour before sunset helps ensure your path is illuminated and other motorists can see you.

Switch your high beams on when traveling on unlit roads, unless there’s another vehicle approaching or in front of you. Avoid staring directly at the headlights of oncoming traffic to prevent the glare from temporarily impairing your vision.

2. Look Out for Animals

Some animals are more active at night. Thus, there’s a greater chance of encountering wildlife on the road if you’re driving past dusk, especially in rural areas.

Pay attention to animal crossing signs, slow down, and continuously scan your surroundings for any animals on the shoulder or the reflection of your headlights in a pair of eyes. This will help you steer clear of animal collisions.

3. Keep Your View Clear

Having a clear view of the road allows you to spot potential dangers and take appropriate action in time to avoid them. Clean the inside and outside of your windows frequently to remove dirt, bugs, and other grime, and get windshield cracks repaired to eliminate glare. Wipe down your headlights also, as cloudy or yellow lights will put out less illumination.

4. Remain Alert

Driver fatigue is another common problem, since the brain associates darkness with sleep. Falling asleep at the wheel can result in a serious accident and a costly auto insurance claim. To help you stay alert, take frequent breaks to get out and stretch, have coffee, or listen to music. If you become drowsy while driving, pull over to rest.

An important part of making sure you’re as safe as possible when driving is investing in a quality auto insurance policy. Phil Taylor Insurance Agency offers a variety of coverage options and can help you put together a policy to provide maximum protection for your individual needs. Serving the residents of Clarksville, AR, since 1960, this agency delivers quality products at the best rates available. Call (479) 754-2616 to request a quote, or visit them online to learn more about their services.

3 Tips for Driving Safe in Fall

Thu, 28 Oct 2021 14:30:31 GMT

Driving in the fall is a thrilling experience, especially when the leaves begin to change colors. However, the season brings about other changes that might result in an auto insurance claim if you aren't careful behind the wheel. Keep yourself and your loved ones safe by becoming familiar with the possible risks.

A Safety Guide for Driving in Fall

1. Check Your Headlights

Shorter days mean you're more likely to be driving in low light in the morning and evening. While daytime running lights are sufficient in normal lighting conditions, you will need to use the regular headlights in low lighting conditions and on foggy, overcast days to reduce the risk of an accident.

Turn on the regular bulbs and the high beams to ensure they’re functional. Try both blinkers and have someone stand behind the vehicle to verify that the brake lights are working. Secure replacements as necessary.

2. Slow Down

The speed of traffic tends to keep the main roads clear. Back roads are where you should use caution. If the leaves pile up along the pavement, they can disguise potential hazards and increase the risk of damage.

Easing your foot off the accelerator is the simplest way to avoid an auto insurance claim. Slower speeds make it possible to maintain full control and allow you to safely navigate the unknown terrain.

3. Stay Alert

It’s the time of year when deer are out foraging for food. They can appear out of nowhere, which means it's important to put down your phone and keep both hands on the wheel. This will increase your ability to react and move the vehicle out of their way.

You should also make note of any reflections that appear off to the side of the road. These could be the headlights reflecting in their eyes, so proceed with caution and try not to startle them.

If you’re in the market for auto insurance, reach out to Phil Taylor Insurance Agency Inc. of Clarksville, AR. They have more than 60 years in the business and offer different types of coverage. For those who are looking to protect more than one item, multiple policy discounts are available. They maintain some of the most affordable rates and are known for their quality customer service. Call (479) 754-2616 to request an insurance quote or visit their website for additional information on their coverage.

Answers to 4 FAQ's About Buying RV Insurance

Wed, 22 Sep 2021 14:43:15 GMT

An RV can be a fantastic investment in your lifestyle, but it’s also exposed to a wide range of risks, from accidents to extreme weather events. RV insurance provides an umbrella of protection for your vehicle, your personal possessions, and your financial security. Because so much depends on the policy you choose, below are answers to some common questions you might have about buying insurance.

Answering Your Questions About RV Insurance

How much insurance am I required to carry?

In Arkansas, every motorist is required to carry a minimum amount of liability insurance to protect other drivers. Your insurance policy should include $25,000 in liability protection per person, with at least $50,000 per accident. You’ll also need a minimum of $25,000 in property damage insurance to pay for repairs to another driver’s vehicle.

How much will I be using the RV?

Some insurance policies carry use restrictions that can affect your coverage costs. If you’ll only be taking your RV out on the weekends or a short trip a year, you might choose a policy that only covers a certain number of days per year. However, if you plan on living in the vehicle full-time, go for a policy that offers year-round coverage.

Does my insurance cover the contents of my RV?

RVs are designed to be homes-on-wheels, so they usually hold more valuable items than other vehicles. Along with the vehicle itself, your RV insurance policy should protect your valuables , appliances, and other onboard equipment. You may need to purchase additional riders to cover sun shades or other expensive modifications you’ve made.

Will my policy reimburse me if my RV breaks down?

Insurance companies understand that you’ll likely be far from home if your RV needs repairs. Enhanced roadside assistance will pay for towing your vehicle to a repair yard and reimburse you for hotel costs until you can get back on the road. Adding this coverage to your RV insurance can save hundreds of dollars and keep one mishap from ruining your trip.

Buying an RV opens the door to a world of adventure, and Phil Taylor Insurance Agency Inc. is committed to making your trips as easy and stress-free as possible. As an independent broker, they offer RV insurance to motorists throughout the Clarksville, AR, area, offering exceptional service and the best rates available. Visit their website or call (479) 754-2616 to request your free RV insurance quote today.

A Guide to Summer Boating Safety

Sat, 21 Aug 2021 14:59:17 GMT

A boat can bring you close to the water for a cool escape from the summer heat. But while this watercraft offers an all-access pass to relaxation, remember that they present risks just as any other vehicle. Having boat insurance protects yourself from losses that result from accidents, but to stay prepared, follow these safety practices.

3 Ways to Boat Safely This Summer

1. Invest in Routine Maintenance

Follow your boat’s recommended maintenance schedule to ensure all mechanical parts are in working order to avoid problems on the water. Specifically, you should closely inspect the engine, belts, hoses, steering components, and pumps to ensure they are fully connected and functional. Additionally, you should make sure the craft has proper levels of oil, coolant, and power steering fluid, as these resources can prevent overheating and improve control.

Test all electrical components, as well as the battery, to make sure the engine can start reliably and the communication systems are operating correctly. If you’re taking the vehicle out for the first time in the season, schedule a free safety check from the U.S. Coast Guard.

2. Protect Against Propeller Injuries

Propellers move fast and can cause serious, life-threatening injuries. Before starting the motor, ensure no one is in the water or near the propellers. Turn the engine off when people get in the water and keep the area clear. Installing propeller guards can also help prevent accidents.

In addition, when other boaters or swimmers are in the water, it’s important to share the space according to your state’s boating laws . To avoid accidents, avoid creating disruptive wake patterns and always watch for hazards when steering the craft.

3. Create a Float Plan

If you don’t return or encounter an emergency, a float plan can help rescue crews locate you. Your plan should include details about where you are going and for how long. Provide the make, length, engine type, and registration number of the boat.

You should also list the names, ages, and emergency contacts for all passengers. Provide this written guide to a trusted friend or family member who will know to contact authorities if you don't return as expected.

Whether you’re cruising on the Arkansas River or fishing in the Gulf, Phil Taylor Insurance can help provide you with peace of mind. Serving Clarksville, AR, this independent agency will introduce you to a variety of boat insurance plans to shield you from potential losses. With access to many providers, this team will also help maximize your coverage while keeping premiums to a minimum. To learn more about their reliable offerings, visit this local business online . For insurance quotes, call (479) 754-2616 .

4 FAQ About Renters Insurance

Mon, 28 Jun 2021 15:10:03 GMT

Renters insurance covers the repair or replacement of property in the event of theft or damage. If you're moving into a new rental and looking for added protection for your loved ones and valuables, it's essential to find a policy that suits your needs. Here are some frequently asked questions to help you through the process.

A Brief Guide to Renters Insurance

Who needs renters insurance?

In some cases, a new landlord will require renters insurance as part of the lease. Even if it's not required, the coverage will provide financial protection for items you can't afford to replace or repair. Think of it as a backup plan for a worst-case scenario, like a fire, burst pipe, or break-in. You’ll have peace of mind knowing you’ve prepared for the unexpected.

What does it cover?

Most policies offer a range of coverage options for personal property, liability, and additional living expenses. Personal property coverage might include the cost of replacing belongings like furniture, electronics, and clothing.

Liability coverage might include the cost of a visitor's medical bills if they're injured while visiting your home. Additional living expenses can cover the costs incurred if you're forced to live away from the rental due to damage.

What is a home inventory, and why is it important?

Because renters insurance covers anything damaged or stolen inside your home, you need to create an inventory that provides a clear record of what you own and how much every item is worth. Creating the inventory before searching for a policy will help you understand your needs and the most useful coverage limit. Take photos of high-value possessions you'd likely want to claim and refer to receipts or bank statements for accurate valuations.

Will a policy cover any roommates?

Some coverage options will allow you to add a roommate to your policy. However, this comes with risks. If a roommate makes a claim while on your plan, it will go on your insurance record and could affect your ability to get a policy in the future. If a policy is split with another person, personal items may not receive as much coverage as well. For optimum security, it's best to purchase individual plans.

Protect your home and belongings with the help of Phil Taylor Insurance Agency in Clarksville, AR. This independent insurance broker offers a range of policies to address all needs, from auto and home to life and flood coverage. Call (479) 754-2616 or visit their website to request a renters insurance quote.

Are RTVs Covered by Homeowners Insurance?

Thu, 10 Jun 2021 15:25:40 GMT

Rough terrain vehicles (RTVs) have become increasingly popular for both work and recreational purposes. This is a good option to help you maintain your property more efficiently or have fun exploring the great outdoors. Regardless of what you use it for, it’s important to make sure you’re protected while driving. Many people assume utility vehicles are covered by homeowner policies; however, this generally isn’t the case. Instead, you’ll need specialty auto insurance for your RTV. The following guide explains how this type of coverage works.

Do I Need to Insure My RTV?

While your homeowners insurance may provide limited protection while driving an RTV on your own property, you’ll need a separate policy if you plan to take it anywhere else. This will ensure you’re properly covered for any damages or injuries that could potentially occur. Additionally, having specialized coverage will help pay for a replacement in the event your utility vehicle is stolen.

If you add customized accessories to your RTV, you must have the right insurance to cover those parts, as well. In turn, obtaining a policy will protect your full investment and prevent you from experiencing unmanageable out-of-pocket expenses after an incident.

What Does RTV Insurance Cover?

Similar to personal auto insurance, an RTV policy can offer various kinds of coverage, such as liability, collision, comprehensive, medical payments, and uninsured/underinsured motorist. This will cover costs you might incur from damaging someone else’s property or causing another person bodily harm while driving your RTV. It will also pay for repairs to your own vehicle if it’s damaged in a collision, vandalized, destroyed in a fire, or hit by another driver that isn’t adequately insured.

If you need reliable coverage for your RTV, turn to Phil Taylor Insurance Agency . They offer a variety of auto insurance solutions and will help tailor a policy to meet your unique needs. Serving the residents of Clarksville, AR, since 1960, this independent agency is dedicated to providing quality products that deliver maximum protection at an affordable rate. Call (479) 754-2616 to request a quote, or visit them online for more information on their services.

What Does Your RV Insurance Cover?

Tue, 04 May 2021 15:37:06 GMT

RV insurance is a must for anyone who plans on driving their vehicle across the country. Regardless of whether you have a motor home or a trailer-style RV, obtaining this coverage will give you peace of mind as you travel the roads. Here are some of the important types of coverage your insurance can provide.

Top 3 Coverage Options for RV Insurance

1. Comprehensive Travel Trailer Insurance

A standard auto insurance policy only covers an RV when it is hooked up to the covered vehicle. RV-specific comprehensive coverage ensures that any damage will be covered, even if it occurs while it is unhooked and parked at a campsite. A comprehensive policy will provide coverage for issues like a tree falling on the RV, flood damage, fires, and other natural hazards.

2. Contents Coverage

Many RVs house expensive equipment, so you can take the comforts of home on the road. From a flat-screen TV to your personal effects, these contents can make an RV an attractive target to thieves. Available contents coverage will cover the replacement cost of these items if your RV is vandalized or experiences a break-in.

3. Collision & Liability Coverage

As with any vehicle, collision and liability coverage are essential. Liability coverage is required by law, helping pay for medical bills, loss of income, and other accident-related expenses if you injure someone else while driving your RV. This coverage also pays for any damage you may have caused to another vehicle or property.

Collision coverage offers financial assistance for the damage your own RV experiences during an accident, regardless of who is at fault. This basic financial protection is a must for anyone who uses an RV.

If you need RV insurance, contact Phil Taylor Insurance Agency in Clarksville, AR. Serving as the region’s one-stop-shop for insurance needs since 1960, this insurance agency offers policies for auto, home, life, business, and more. To learn more about their options or request an insurance quote, visit them online or call (479) 754-2616 .

3 Types of Insurance Your Home-Based Business Needs

Tue, 30 Mar 2021 15:53:03 GMT

Whether you’re a contractor or operate an online store, running a business from home can keep costs to a minimum. However, most homeowners insurance policies won’t cover business losses or protect you from client lawsuits, so you’ll need to purchase additional coverage. Below are a few types of liability and property insurance policies you’ll need if you’re running a business out of your home.

What Insurance Policies Do Home-Based Businesses Need?

1. Business Property

Depending on the nature of your business, some assets could be excluded from a standard homeowner's policy. For example, if you're selling and shipping physical products, or you're a landscaper with equipment and tools to provide service, these items will not be covered under home insurance. To protect your belongings from fire, severe storms, or theft, invest in additional business property insurance. A commercial policy will pay to repair or replace items destroyed or damaged in a covered event, which could keep you in business after a disaster.

However, if you have an online business with no physical goods other than your computer, you may be endorsed by a homeowner's policy—verify with an agent.

2. Liability

If you meet clients in a home office, you could be held responsible if someone trips on the walkway or gets injured while visiting the property. Home insurance policies normally protect you from these costs, but your insurer may deny a claim if someone was visiting for business reasons.

If a visitor gets hurt, business liability insurance will pay their medical expenses and the associated legal fees. A comprehensive policy ensures they get the care they need and spares you the frustration and expense of a drawn-out lawsuit.

3. Commercial Auto

Many home-based entrepreneurs use their own vehicles to deliver products, meet with clients, or visit job sites. Like homeowners policies, personal auto insurance plans typically exclude accidents that occur while you’re working.

Commercial auto insurance will cover the other driver’s repairs if you cause an accident. Collision coverage will pay to repair your own vehicle, while comprehensive insurance covers theft, hail, and other damage that might occur when you’re not on the road.

If you run a home-based business, let the agents at Phil Taylor Insurance Agency ensure you’re protected against whatever life throws your way. They offer a wide range of policies, including liability and property insurance, that can be tailored to your unique needs. Visit their website for an overview of their business insurance services, get tips and advice on Facebook , or call (479) 754-2616 to request a quote from their office in Clarksville, AR.

3 Tips When Insuring Your Home

Fri, 26 Feb 2021 16:08:49 GMT

Whether you’re a new or seasoned homeowner, finding the right home insurance policy is essential. It will protect your property and belongings and make sure your investment is safe for years to come. Here are some tips that will make it easier to choose the best coverage option for your needs.

How to Pick the Best Home Insurance

1. Cover Local Risks

While adverse weather conditions can occur anywhere, some areas of the country are more susceptible to issues like floods, hurricanes, tornadoes, wildfires, or earthquakes. Do some research to determine if you have any of these local risk factors, and avoid buying a policy without them, even if you have to include additional coverage like flood or earthquake insurance.

2. Consider Coverage Before Price

Price is an important factor to consider while you’re looking for home insurance, but it shouldn’t be the only criterion. It’s usually worth it to spend more on a better policy than to get a bare-bones option for less.

If you experience a huge loss like a fire or natural disaster, higher monthly premiums will pay off and generally result in more coverage.

3. Insure Expensive Items Individually

Home insurance covers the property inside your house, but not everything you own will qualify for its maximum benefit. Coverage of certain valuables is limited by the sub-limit of liability of the policy.

You can seek out a policy that has high sub-limits, or you can insure these items individually. This will allow you to get a much higher payout if a piece of jewelry or an electronic device is stolen.

If you need help finding the right home insurance, call the representatives at Phil Taylor Insurance Agency for help. Located in Clarksville, AR, they offer homeowners insurance, in addition to life, auto, boat, flood, motorcycle, and earthquake coverage. Their agents have years of experience in the field and will help you find the lowest rates available. Visit them online or call (479) 754-2616 to discuss your individual policy needs today.