Insurance Solutions for Kentucky Heavy Duty Pickup Trucks

 “You’ve gotta be kidding me!”  That is the sound of a new heavy-duty pickup truck owner that has just been told that he can’t get insurance.  Unfortunately, your insurance agent probably isn’t kidding you, (s)he most likely can’t or doesn’t know how to obtain coverage for a vehicle that has a GVW of 10,000 pounds or more.  Before heading back to the lot to get your money back pause, take a deep breath and read on.

You can get insurance at a reasonable price

If you have just purchased a F-450 or higher, certain F-350, a Silverado 3500 or any other heavy duty or super duty pickup truck, you may have to find insurance alternatives.  While your agent may not have the ability to insure your truck, there are agents in Kentucky that can.

 

We can help you buy reasonably priced insurance for your new heavy-duty pickup truck.  Learn more about the insurance options available to Kentucky residents by calling a TruePoint Truck Specialist today at (502) 410-5089. 

9 Ways to Prepare Your Boat for Winter Storage

Living in Fisherville, KY puts some of the most beautiful parts of the country right in your backyard. With winter starting, boat owners need to plan a storage strategy for their watercraft. Proper boat storage prolongs the life of your investment, it keeps it safe from damage and theft and ensures that it’s ready when you need it. Use these tips to make sure your watercraft is wrapped up tight before the winter weather stays.

Clean Everything

  • Empty and sanitize coolers and cooking equipment. Dry thoroughly before wrapping in plastic.
  • Sweep and mop floors, ceilings, windows, and walls. Use a wet-dry vacuum to remove all traces of moisture.
  • Remove rugs, curtains, and other fabric accessories. Take them to the cleaners or run them through the washer. Wrap in plastic for storage.
  • Go through all cabinets and cubbies. Remove anything that could spoil, leak, or cause a fire hazard.

Mechanical Matters

  • Flush the cooling system with water to remove dirt. Drain all water from the engine.
  • Empty the fuel tanks to prevent damage-causing condensation.
  • Use an aerosol cleaner to remove gunk and corrosion from the fuel system and other engine parts.
  • Change the oil and top off other fluids.
  • If you can, remove the starting batteries. Store them in a dry, warm place. Cold weather drains battery power and makes them unreliable even after charging.

Don’t forget to call your insurance company. Most boat insurance policies allow you to suspend coverage when your boat is laid up for the winter.

Need to know more about boat insurance? TruePoint Insurance serves the Fisherville, KY area with policies for all of your important possessions. Contact the agents at TruePoint Insurance to learn more about protecting your motorized toys.

 

Insuring Kentucky Restaurants

      

                                               

Factors Influencing Premiums

Obtaining insurance for a restaurant is fairly simple.  However, finding the correct coverages at a reasonable price may be a bit more difficult.  Different cuisines, Franchises versus Mom and Pop, and the processes utilized for cooking are just a few of the factors that may influence a restaurants premium.  Other factors can have a more dramatic impact on premiums.  Alcohol sales, entertainment (such as live music or karaoke) and dance floors may make it harder to find coverage, which by default will push the cost of coverage higher.

 

Restaurant Safety                                               

Cooking areas are required to have automatic fire extinguishing devices.  Hoods and filters must be in place if grills and deep fat fryers are used.  Additional requirements will be fuel shut-offs, hand-held fire extinguishers, as well as receipts providing proof that inspections and hood cleaning are being performed as required.

 

Minimum Coverages

At a minimum, the following factors must be considered before purchasing a commercial insurance policy for a restaurant:

  • Property Coverage-building, equipment, and inventories
  • Autos
    • All vehicles owned by the businesses
    • Employee vehicles should be covered by a hired and non-owned vehicle policy if they are used in business activities (even it’s occasional)
    • It is important that you make your agent aware of any vehicle, owned or non-owned, that is used for delivery
  • Business Income –In the event your business is temporarily shut down due to a covered cause of loss, restaurants with business income coverage can access their insurance policy for loss of income.
  • Workers Comp Coverage-Is mandated and enforced by each state

This quick summary of restaurant insurance is not meant to be inclusive, nor is it a one size fits all.  Each restaurant is unique and insurance requirements vary.  If you would like additional information regarding a restaurant in Kentucky or Indiana, contact a TruePoint Insurance Restaurant Specialist at info@truepointgroup.com or visit our website at www.insuringky.com

Wedding Insurance

Wedding Insurance

Weddings, regardless the current economy, are still quite expensive events. The average cost of a wedding still approaches $30,000. Insurance has become a necessary component to provide special protection for this extremely important, personal event.

Wedding insurance is not standardized, so policy wording can be quite different among the specialty insurance companies that offer the protection. Wedding insurance can help protect against the huge expenses suffered if, for certain reasons, the wedding is either postponed or is cancelled. Protection can be purchased to respond to loss involving unrecoverable expenses as well as to lawsuits that result from a wedding that is not held as planned.

Usually, to qualify for coverage, a wedding’s cancellation or delay has to be caused by an eligible source of loss/disruption such as catastrophic weather, a church where the wedding is to be held suffers smoke damage and is suddenly closed, or the reception caterer closes her business the day before the wedding.

Items covered by the policy are usually expenses that can’t be recovered (non-refundable). Eligible expenses often include the following:

  • Facility Rental (church, reception halls, etc.) Costs
  • Catering Costs
  • Clothing Rental Fees
  • Floral expenses
  • Photographer Fees (in some cases, videographer fees may also qualify)
  • Hotel Costs
  • Transportation Costs (limos, taxi costs for transporting wedding party or guests incurred by insured or honoree)
  • Air Transportation
  • Other miscellaneous, non-refundable costs

Eligible expenses include those related to the honeymoon as well. Examples of “Other expenses” may be the deposits for services, such as florists, entertainers, etc. Naturally, payment of these costs is subject to the policy’s limit.

Wedding Personal Liability

This coverage protects against losses or lawsuits that allege that the insured/honoree is responsible for bodily injury, personal injury or property damage to a third party. However, any claim must be due to an incident that takes place at the wedding (including reception). The coverage obligation includes a duty to legally defend an insured/honoree against claims/losses.

Example: The Brydals are sued by a best man who was seriously injured when the nervous groom turned abruptly to get the wedding ring and knocked the best man off a podium.

Additional Coverage

Many wedding policies offer additional coverages such as:

  • Photographs and Video Coverage
  • Gift Coverage
  • Rented Property Coverage
  • Special Attire Coverage
  • Jewelry Coverage

When some accident comes about to turn the big day into the big cancellation or the big disaster; having wedding insurance could take the financial sting out of the situation.

COPYRIGHT: Insurance Publishing Plus, Inc. 2017

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.

Trucking Insurance: Trailer Interchange Coverage

Trailer interchange insurance provides Physical Damage coverage for non-owned trailers operating under the authority of a trailer interchange agreement. While coverage will vary from policy to policy, the intent of a trailer interchange policy is to cover losses stemming from accidents, theft, vandalism, fire, and explosion.
Understanding the covered causes of loss is essential prior to purchasing a policy. Understanding the amount of coverage, or limit, is essential before binding a policy. At the heart of this issue is the value of the trailer. After all, the entire purpose of this policy is to provide for a replacement trailer of equal value should damage occur under the drivers watch. Be that as it may, coverage limits are predominately a function of the trailer providers. Most providers have a set limit, which typically ranges between $20,000 and $25,000.  Before contracting drivers will be required to show proof of coverage which meets or exceeds their requirements.
Drivers and insurance agents alike, can at times confuse Trailer interchange insurance and Non-Owned trailer coverage. While similar in several ways, they are undeniably, not the same. A simple, two question test should be sufficient to determine which policy fits your needs:
1. Who is responsible for the trailer when it is not attached to your truck?
  • If YOU are, then a trailer interchange policy should fit as it will cover the trailer when not attached to a power unit. The non-owned trailer coverage will only cover the trailer while attached to your truck.
2. Will you be operating under a written trailer interchange agreement?
  • If NO, then a trailer interchange policy will not be the answer. Trailer interchange policies provide coverage only while operating under a Written Trailer Interchange Agreement.
For additional information feel free to visit our website at www.insuringky.com or contact us at (502) 410-5089.

USPS Contract Delivery Service Carriers

Neither Rain Nor Snow
The Greek historian Herodotus is credited with the saying, “Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.” His words were describing the dedicated work ethic of the Angarium, Royal mounted couriers in ancient Persia.
Two thousand years later the famous words of Herodotus are now used to accurately describe another group of couriers, the US Postal Service. Granted lots have changed over two thousand years. Technological advancements and modern transportation systems have simplified the process of accurate and timely delivery of mail. However, not all advancements have made the life of mail couriers easier.
For most of us, buying auto insurance is a rather simple process. However, for independent or rural mail carriers, obtaining auto insurance is much more complicated. Finding an agent or broker that is willing to offer auto coverage to mail carriers is a significant challenge. It gets worse; many times those that think they have coverage for their delivery vehicle find out when attempting to file a claim that they have purchased a policy that does not cover the vehicle while on their route.

The mail must go through insurance for mail carriers presents a significant problem for mail carriers. However, the transfer of risk doesn’t have to be difficult, nor should rural delivery contractors worry if they have a policy that will provide adequate coverage in the event of an accident. Visit our website at www.insuringky.com or call (502) 410-5089 and speak with a TruePoint agent to get a quote.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd. Fisherville, KY 40023
1085 Eagle Lake Dr. Lawrenceburg, KY 40342
(502) 410-5089

Are You Liable For Summer Fun?

Ready, Set, Summer!
Summer generally arrives with a huge surge in recreational activity. School ends and parents start searching for leisure and recreational activities for themselves and their children. The activities range from elaborate vacations or summer-long camps to simply buying play and sports equipment (or getting it out of storage) and renewing park and pool passes.
Summer Fun’s Dark Side
One thing to be aware of is that the simplest activities can go wrong. Using sports equipment such as tennis rackets, baseballs, baseball bats, Frisbee’s, lawn darts, or horseshoes has the potential to harm others. Danger accompanies the use of skateboards, bikes, mopeds, go-karts, and radio-controlled cars, helicopters and planes. A larger concern involves inviting friends over to use your driveway, play equipment or swimming pool. Potential liability comes from either you having fun at the expense of other persons or their property, or failing to take precautions that persons you’ve invited to your residence (or other places) are safe to enjoy themselves.
How to Preserve Your Fun
The easiest way to prepare for your summer liability is to ask the questions:
What can I do to keep other persons safe from my activities?Am I prepared to be responsible for people I hurt or property I damage?How do I make my home and yard safe for fun-seeking visitors?Am I keeping my guests to various events safe?
While accidents happen, many can be prevented by making sure that you and your children enjoy your activities responsibly. Operating bikes safely and in low traffic areas reduces the chance that others will be hurt. The proper use of games and equipment also make the likelihood of having someone injured more remote. In other words, it’s important that your family uses sports and game equipment safely and appropriately. Adult supervision is critical for potentially dangerous activities such as the use of motorized recreational equipment, trampolines, and swimming pools (including small wading pools). It’s also important to make certain that guests you invite for camping or hiking trips are watched after carefully. In many instances, you are responsible for the safety of your guests when you invite them to enjoy outdoor activities, particularly boating or other activities involving water-related equipment.
Home Inspection
Another way to reduce the chance of others being hurt is to do an inspection of your home and yard. Do you have an adequate fence (with secure or self-locking gate) to protect young children from a pool when you’re not around? Is your playground equipment well-maintained and strong enough to support the weight of the children using it? Is your yard and driveway free of tripping hazards? Are dangerous items such as tools, chemicals and lawn equipment kept out of reach of children? If you can answer “no” to any of these questions, you’re inviting trouble.
Insurance Plays a Role
When accidents happen, they may be followed by medical expenses and, more seriously, lawsuits. You must be protected against such financial consequences. Don’t assume you have coverage, especially when an activity involves motorized or powered equipment. You may have to add coverage to your homeowner policy or even buy special coverage for mini-bikes, mopeds, boats, all-terrain vehicles, etc.
So make safety a part of getting ready for summer fun. It’s also smart to include a visit or call to your insurance professional to make sure you have the right coverage to support a fun summer.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd. Fisherville, KY 40023
1085 Eagle Lake Dr. Lawrenceburg, KY 40342
(502) 410-5089
COPYRIGHT: Insurance Publishing Plus, Inc. 2016
All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.

Enjoying the Great Outdoors

Campers love Kentucky! The Commonwealth has earned a reputation for summertime fun. Campground owners and operators have played a significant role in this by offering venues that are clean, fun and most important safe. Keeping all parts of your operation in good working is essential, but things don’t always go as planned. That’s when you find out how important it is to have a good insurance company behind you.

TruePoint specializes in campgrounds for tourist and tent camping, RV campgrounds, and camps for many types of organizations. TruePoint has the ability to provide coverage for campgrounds offering long term leases, seasonal operations, and facilities that are open year round. Need coverage for a marina or dock? No problem. Are you having problems with coverage do to activities (Horseback riding, rock climbing, archery, etc.) your facility offers? Give TruePoint a call!
Why TruePoint?
• The agency partners with the industries best carriers to provide coverages that are designed specifically for campground-related business.
• TruePoint Customer service; It’s like we work for you.

• Access to multiple carriers that provide your business with all lines of property/casualty coverages including Auto, Property, General Liability, Workers Comp, Crime, and Umbrella.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd. Fisherville, KY 40023
1521 Field Stone Dr. Lawrenceburg, KY 40342
(502) 410-5089
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

Lawn Care & Landscaping

For lawn care and landscaping businesses in Kentucky, the winter months represent a time to play catch-up. During this period when it’s tough to find ways to make a buck, why not take the time to make sure you’re not leaving money on the table by getting a comparison quote on your business insurance. Even more important, take the time to do a complete and thorough review of your insurance coverage. While this may not have an immediate impact on your bottom line, it may someday have a very significant impact on the profitability of your operations. With that in mind we decided to take some time to share with you some of our thoughts regarding insurance and risk management for lawn care businesses.

Liability Coverage Can be purchased in various amounts. You are most likely to have a policy which provides liability limits of $1,000,000 per occurrence and $2,000,000 aggregate.

If you have anything less than this we would encourage you to reconsider. The savings associated with reducing coverage below these limits very seldom makes sense.

Property Coverage

Buildings Even if you don’t own a building you may still have exposure. Your policy should provide coverage for property that you rent from others.
Equipment Make sure that the limits for your property: mowers, trailers, etc. are in line with the current market, too low and you will pay the difference out of pocket, too high and you are already coming out of your pocket.
Scheduled Equipment Each insurance company has their own rules, but it’s worth checking to make sure that every item you want covered that has a value greater than $2,000 is scheduled and listed on your policy. This is opposed to having those items covered in the unscheduled portion. First off the rates for scheduled are lower than unscheduled. More importantly carriers have a limit which they use to cap unscheduled items, typically around $2,000.
EXAMPLE: Last year ABC Mowing purchased a used 72” Scag Turf Tiger for $12,000 The mower is being covered but is not specifically listed in their policy. The equipment was stolen and they are now dependent on the proceeds from their insurance claim to replace the lost mower. As unscheduled equipment, ABC Mowing will be limited to the $2,000 limit for unscheduled equipment, and before they get that they will be faced with whatever deductible is in place. In their case it was $1,000, leaving the company with only $1,000 to replace a $12,000 piece of equipment.
It would be one thing to find you had this coverage in place and although you are not happy about it, you were getting what you paid for. However in the scenario above ABC Mowing was actually underinsured and overpaid.

Commercial Auto Do you need a commercial auto policy or is your personal policy enough? Good luck at getting an answer on that one. Generally speaking, personal auto policies don’t cover autos while performing functions that relate to business. However commercial auto policies will cover autos while being driven for personal use.
Better Coverage Commercial auto policies generally have much higher limits than a personal policy. Given the litigious society that we live in, you must ask yourself, is my auto insurance putting my livelihood at risk?
The cost will most likely be less than you think We write a lot of first time commercial auto policies, replacing personal policies that just aren’t adequate. Almost always the customer has significantly better coverage and the prices only slightly higher or even less than where they started.

Caution: You may ask, “If I am in an accident how will anyone know I should have a commercial policy?” Do you have your business name, phone number, etc. on your vehicle? I’m not sure, but I am guessing that the attorney representing the other driver will notice that trailer with two mowers, five weed eaters, or whatever other tools you might be hauling. Maybe not! What I do know is, that unless you have actually considered a commercial quote you cannot make the decision.
TruePoint Insurance Group, LLC
6287 Taylorsville Rd.
Fisherville, KY 40023
(888) 706-5423
TruePoint Insurance Group, LLC is not licensed to practice law, nor can it provide legal counsel. This summary is not intended as a legal opinion. We cannot warrant that the opinions and representations provided in this summary are accurate. TruePoint Insurance Group, LLC has provided this summary of the Virginia Graeme Baker Act for your awareness. The summary may or may not identify your requirements as a pool or spa owner. If you own a pool or spa you are advised by TruePoint Insurance Group, LLC to refer your specific situation to legal counsel.

The FMCSA and Electronic Logging Devices

Already planning your New Year’s Eve Party for 2017? Consider converting your paper log books into confetti. In 2012, Congress passed legislation which forced the Federal Motor Carrier Safety Administration (FMCSA) to require all drivers to use Electronic Logging Devices (ELD). Beginning in December of 2017 drivers that have previously been required to maintain paper log books will be required to become compliant.
Below we have provided a quick summary and insights of some of the more important aspects of the changes:
If you’re a short haul driver you may be exempt: If you meet one of the short haul exemptions found in section 395.1(e) you can continue operating as before.
Location Monitoring (On Duty): Every 60 minutes and whenever a change of duty status occurs, ELD’s are required to capture the location within 1 mile.
Location Monitoring (Off Duty): ELD’s will continue to capture location data while off duty. However, in an effort to respect privacy, data will be captured within a 10 mile radius.
Electronic Data Transfer: Not only must logging devices capture data electronically; they must also have the ability to transfer data electronically via a wireless web service or by Bluetooth and or USB 2.0 transfer.
Editing your ELD: Drivers will be able to edit their electronic logs, however electronically captured data will remain and cannot be deleted. Employers will also be able to edit the log, but this may only be added to an electronic device after driver approval.
Older ELD like devices: Automatic On-Board Recording devices may continue to be used until December 2019.
Before You Buy: A list of approved manufacturers and certified devices is available. This list is provided by the FMCSA and should be consulted prior to purchasing your new ELD.
The information is not meant to be a complete review. Addition exemptions related to the age of your vehicle, the number of days worked in a month and others are available. For complete information on the ruling go to the FMCSA website at: