What is the Best Business Insurance?

It depends! Finding the best business insurance for many small businesses can be a challenge. Most small business owners in Kentucky will see that they have multiple options. Generally, competition leads to lower prices for canny consumers. With that said, commercial insurance is not a commodity and finding the best value may take a little effor.

Prices paid for Kentucky business owners’ insurance may range widely. Commercial insurance rates in Georgia and South Carolina are no different. Chances are, the more unique your business is, the tougher it will be to find a great deal on commercial insurance. Ferreting through the long list of products makes it difficult. 

Insurance Options

To find the best commercial insurance for you, start by reviewing your options. Insurance companies do not write insurance in all states. It’s not uncommon to see a company provide great rates to business in one state, but for some small businesses, you will find that they don’t have a lot of options.  Auto dealerships, certain trucking classes, and roofers are good examples. Regardless, it is important to continue your search.  

Price

Commercial insurance premiums can be a cause of friction.   Would you buy a commercial auto policy if it only provided coverage on Saturday and Sunday?

If you could buy it at 10% of the competitor’s price would you do it?

Of course, you wouldn’t! This ridicules and silly example is used to get a point across. Price is significant! But only after you have determined that the policy is suitable for your business. 

Insurance is not a commodity.  TruePoint agents are using transparency and communications to help KY, IN, SC, and GA business owners.
Insurance coverages change from one policy to the next

Coverage

There are many insurance agents, broke, s and carriers that sell on price alone.  Each of them would love for you to believe that insurance is a commodity. Business owners beware. As the business owner or manager, it is your responsibility to make sure any business insurance policy being considered has the coverages that you need.  When comparing multiple policies, make sure that they are on par with each other.  It is the agent’s job to provide a quote that is comparable to your current coverages.  However, it is your business that will bear the brunt.

Great insurance agents don’t sell, they inform and advise. First, they take the steps to understand the prospective business.  And hopefully, an understanding of the risk aversion of the prospect. After generating quotes and putting together a proposal.  The question of price can now be considered.  By interacting with the insured, risk management decisions can be made incorporating both coverage and price information.

Great insurance quotes don’t use deceptive practices to alter the relative value. The following are just a few ways that we’ve seen this attempted in the past:

Commercial insurance for roof blown off, business insurance deductibles in % beware
BEWARE: If your deductible has a % sign and not a $ sign.

• Deductible Changing a deductible from $500 to $1,000 without consulting the client isn’t a smart thing to do. Watching your deductible and other factors, that make up your commercial insurance policy is wise.

By committing to review your insurance policy when quoting and at renewal time you will also avoid some more adverse outcomes. While the dollar-based deductible change is concerning, beware of any deductible expressed as a percentage. Anymore it’s not uncommon to see 1% or 2% deductibles, especially for the wind/hail deductibles. If the deductible were 1% of the loss, there would be no issue. But it’s not; a 1% deductible is based on the policy limit. So if you have an office with a $600,000 value or limit, the deductible is $6,000 at 1%/ $12,000 at 2%.

Assume you have a 2% wind/hail deductible. A windstorm hits that result in $8,000 in damages. At first blush, a 2% deductible on an $8,000 claim is $160??

WRONG!

Your deductible $12, 0000. You pay for all the repairs.

• Read your application.  There are a lot of questions, people make mistakes, and even worse sometimes they assume. By signing the application, you are attesting to the accuracy of the information that is being provided.  Down the road, supplying the insurance company with bad information may muddy things up.

• What does your General Liability say about you? Your Commercial General Liability premium is a result of what and how much you do. You should review both for accuracy. Consider the following. 

You have the opportunity to be an insurance company. Today you can write a General Liability insurance to one business only.  Regardless of your choice, you will receive a premium of $500.  

Need Tree Removal insurance in Kentucky.  TruePoint can help! We're also helping tree trees find insurance in Georgia, South Carolina and, Indiana.
Insurance starts with understanding risk

The first company you can insure is in the Tree Removal Business.  They also do lawn-care, snowplowing, and building demolition.  Their current policy indicates that they are in the lawn-care business.  The owner argues that this is correct as 50% of their revenues come from mowing lawns.

Do you need insurance for lawn care business in Kentucky.  TruePoint is also working to insure lawn cares businesses in Georgia, South Carolina and Indiana.
We have great lawncare insurance options in KY, GA, SC, and IN

The second company is a Lawn Care Business? They mow lawns.  Period!

Pick one.  Remember, the premium will be the same regardless of your choice.

The point is you need to know what type of business your insurance policy says you are.  What if you’re the first business? 

Do you think he will be covered if a tree falls on a house?

How much?  How much business you do is also important.   Premiums for Commercial General Liability are primarily a function of what you do.  What you do has multiple meanings. For example, the type of work you do, how often you do it, how many people help you, how long you’ve done it and how many losses you’ve had.

What will happen If your application states that you have a payroll of $34,000 when the truth is you have a payroll of $95,000?

Houston we have a problem!

Rocket launch pad, experiencing problems similar things can happen to your commercial insurance

After your policy has been in force for a full year, your insurance company will perform an audit. At this point, they will discover that your payroll is almost three times higher.  What happens? They will send you a bill to offset the difference. Hold on. Things are about to get worse. After plugging your true payroll into their system, you will start receiving significantly higher bills.  One last carpet bomb; you know have a policy that is costing $2,000 more per year than advertised. In hindsight, you now have to question your decision. What appeared to be a $400 savings appears to have cost much more than the policy with all the bells and whistles. Wow!

But this is not the end of the process; it is ongoing.

It doesn’t matter whether you’re trying to buy Georgia commercial insurance or South Carolina. Great insurance is a two way street between the agent and the business owner. Constant communication aimed at awareness and identification of ever-changing exposures. Feedback to this should come in the manner of risk transfer options.  This should include their cost and some form of analysis.  The end result gives the business owner the ability to make an educated decision.

We are Kentucky Business Insurance Specialist.  TruePoint will soon be on of the best business insurance solutions in Georgia and South Carolina.
Business Insurance that’s on target. TruePoint Insurance!

There is an answer to what is the best business insurance. Unfortunately, it isn’t as simple as the insurance company or that insurance agent. It is a function of where you live, what you do, and what you need in regards to insurance. The formula should be extended to what insurance companies you can access.  The final factor may be the easiest place to get off track.  It is critical that you find an agent or broker that is knowledge and transparency.

In short, you are the key to determining what the best business insurance for your business is.

TruePoint Insurance Group, LLC

Our Kentucky and Indiana team can be reached at (502) 410-5089

Contact our Georgia and South Carolina commercial insurance team at (912) 330-1265

Protect Yourself with Car Insurance

Did you know it is against the law in 48 states to drive without car insurance? Let the professionals at TruePoint Insurance, who serve the Savannah, GA area, provide you with the coverage you need for your car or truck.

Why is car insurance necessary? If you are like most drivers, you think it is not needed. But having car insurance is necessary for any driver.

The three main reasons to have car insurance are to comply with the laws of your state, satisfy lender requirements, and protect your assets. All states require you to take financial responsibility for damage you cause if an accident is your fault.

Auto insurance is required because it provides drivers with payment for damage to their vehicle caused by an accident or other covered perils, such as theft, fire, vandalism, falling objects, or other accidents.

It doesn’t matter what type of vehicle you drive; there is always the chance of a traffic mishap. Accidents frequently happen for several reasons and varying extents, but they always cost money. They can cause severe injury or death. If you are without car insurance, serious trouble can result. Not only will it cost thousands of dollars for medical bills and the damage incurred, but your driver’s license could be revoked, and you could be faced with a hefty fine.

Liability insurance is required by law. It is usually the most expensive, so your insurance provider will be responsible for any damage you cause.

Other coverage is collision, comprehensive, gap coverage, uninsured/underinsured motorist coverage, rental reimbursement, and roadside assistance. These coverages can provide a lot of protection for a small price increase.

Let the insurance professionals at TruePoint Insurance provide you with the coverage you need to protect your vehicle and driving privileges. Contact them today.

Why Add Collision and Comprehensive to Your Policy?

When you purchase the required auto insurance to fulfill Georgia law, you might consider buying a policy that provides the minimum coverage. In most cases, though, you should insure your vehicle fully through TruePoint Insurance.

Full coverage of your vehicle ensures that your insurance policy protects your vehicle and the other vehicles of the other drivers on the road. The state minimum insurance you obtain to legally drive in Savannah, GA and the rest of the state only protects the other drivers’ vehicles. If you cause an accident, the bodily injury liability component covers the other drivers’ hospital and medical costs, plus that of their passengers. Your property damage component protects the vehicles of the other drivers.’

You only protect your own vehicle by adding collision and comprehensive coverage. This means that your policy covers all the repairs even if you cause a one-vehicle accident, as in, you damage your car, truck, or SUV. That means you’ll only need to pay a small deductible out of pocket for complete repairs instead of shelling out for all the repairs yourself.

Full coverage also protects you from damage caused by animals, such as deer, running out in front of your vehicle and acts of nature. If hail damages your vehicle, your full coverage policy protects your vehicle by paying for repairs. Whether you hit a fence, a wall, or a tree limb falls on your car, comprehensive and collision cover you. It even covers theft.

Contact TruePoint Insurance

Contact TruePoint Insurance serving Savannah, GA, to expand our auto policy to full coverage. Let us help you protect your vehicle and finances. Full coverage auto insurance protects you against all losses.

Four Benefits of Condo Insurance

Investing in a condo can be exciting. However, as you immerse yourself in the glory of buying a condominium, don’t forget to purchase condo insurance. While you probably contribute to the condo owners association (COA) policy, this only covers damage and liabilities in shared areas. If you want to protect your assets, yourself, and loved ones, please invest in condo insurance.

So, you have purchased condo insurance from TruePoint Insurance. What are the benefits? Here is why condo insurance is worth every penny.

It gives you liability coverage.

Have you or your loved one been accused of inflicting bodily injury? Have you damaged your neighbor’s property? Whatever the case, you don’t have to cover the liability claims from your pocket — condo insurance can come to your rescue.

It covers your personal assets.

If you want to know how valuable your assets are, take a home inventory. You will realize your personal assets carry value, and thus it will be catastrophic to lose them to fire, theft, and other perils. So, invest in condo insurance if you want to protect your personal assets.

It can be customized.

Like home or auto insurance, your condo insurance can be personalized. You don’t have to purchase all the condo insurance policies. You just buy the ones that suit your current needs.

It gives you peace of mind.

Peace of mind is underrated. When you have fewer worries, this manifests in your health and other facets of your life. Condo insurance provides comfort, knowing that what you value most is protected. You don’t have to live on the edge thinking about fires, theft, and other threats.

Do the above benefits appeal to you? If you are in Savannah, GA, please contact TruePoint Insurance for an affordable quote.

Four Benefits of Motorhome Insurance

Congratulations! You just purchased your motorhome. We can understand the sense of excitement, accomplishment, and fun. But have you thought about motorhome insurance from TruePoint Insurance? Motorhome insurance is an excellent investment to protect your asset, yourself, and your family.

Here are the benefits you accrue when you buy motorhome insurance in Savannah, GA.

Compliance with the law

Your motorhome may act like a home, but the law requires all vehicles, including motorhomes, to have insurance. Failure to comply with this requirement may result in several fines and penalties. But you don’t have to go this route since you can get affordable motorhome insurance from TruePoint Insurance.

Asset protection

Your motorhome didn’t come cheap. That said, losing your high-priced asset to perils like theft, fire, and hail would be a catastrophe. Fortunately, if you have motorhome insurance, your insurer will compensate you if your RV is damaged, stolen, or totaled.

Liability protection

Like your car, you can cause bodily injury or property damage to other people when using your motorhome. If you don’t have liability coverage, you will have to cover the costs from your pocket. The liability coverage of your motorhome covers medical expenses, property repair, and legal fees when sued.

Peace of mind

If you don’t have insurance, living a stress-free life can be challenging. You often think about someone stealing your RV or perils like a fire destroying your vehicle. If you are on the road, you can hardly enjoy your drive because you are scared of the traffic police. You don’t have to live on the edge. Purchase motorhome insurance for a worry-free life.

Purchase motorhome insurance today!

Ready to get started with motorhome insurance in Savannah, GA? Please get in touch with TruePoint Insurance for a no-obligation quote.

Renters Insurance Tips to Keep You And Your Property Safe

Renters insurance is one of the most important things you can buy to protect yourself and your belongings. Despite this, many renters go without it because they don’t understand its importance or think it’s too expensive. This blog post will discuss some essential renter insurance tips to keep you and your property safe!

Make Sure You Understand What Your Policy Covers

One of the most important things when shopping for renters insurance is to ensure you understand exactly what your policy covers. There are many different coverage options, and choosing the one that best suits your needs is essential.

For example, some policies will cover your belongings in the event of a fire, while others will only cover them if stolen. Make sure you understand these two types of coverage before you make your final decision.

Shop Around for the Best Rates

Just like with any other type of insurance, it’s essential to shop around for the best rates for renters insurance. There are a lot of different insurers out there, and they all have different rates. Don’t just go with the first company you find. Take some time to compare rates from different insurers to ensure you’re getting the best deal from a professional insurer such as TruePoint Insurance. Savannah, GA, is a great place to live, but it’s important to protect yourself and your belongings with renters insurance.

Conclusion

Renters insurance is an essential type of insurance to have, but many renters either don’t understand the importance of it or think that it’s too expensive. In this blog post, we’ve discussed some essential tips to keep in mind when shopping for renters insurance. If you’re a renter in Savannah, GA, contact TruePoint Insurance to get a quote. We can help you find the best policy for your needs and budget.

What Are the Different Types of RV Insurance?

The different RV insurances depend on the RV covered. Standard RV insurance covers the liability that comes with operating an RV. Trailers are covered with regular insurance, but you require additional coverage if an RV is towing it. You don’t require a driving license to operate motor homes. These self-contained vehicles are covered by regular RV insurance. 

Fifth wheels are self-contained but to operate them, you require a driver’s license. You insure them with regular RV insurance. Winnebagos are covered by standard RV insurance, while motor scooters require a driver’s license and regular auto insurance. For inquiries in Savannah, GA, contact TruePoint Insurance.

Various Forms of RV Insurance 

RV insurances come in various forms, including liability or physical damage, private passenger or commercial, among others. Liability insurance covers any potential damages or injuries to others if your RV is involved in an accident. Physical damage insurance covers your RV against any damages that might happen from normal wear and tear. 

Physical damage coverage includes scheduled and unscheduled. Scheduled physical damage coverage covers your RV against any damages that might happen from normal wear and tear. Un-scheduled physical damage coverage covers your RV against any damages that might happen from something outside of normal wear and tear. 

Commercial RV insurance is for those using their RV for a profit. It covers things like hauling hazardous materials and commercial liability. Other forms include comprehensive, collision, and liability. Comprehensive RV insurance covers things like weather, falling objects, and vandalism. Liability coverage will pay bills if someone is injured on your RV or if your RV causes property damage. 

Final Words 

Most policies also include coverage for medical expenses to cover the cost of any medical care for people injured in an accident on your RV. Most insurance covers have a limit of usually between $300,000 and $500,000. For expert help in Savannah, GA, contact TruePoint Insurance.

Is a comprehensive home policy the right choice for your family?

Savannah, GA area residents can rely on the team at TruePoint Insurance for all of their home insurance needs. When it comes to helping our friends and neighbors with their policies, we are proud to serve our community. Learn more about what we offer by contacting our office.

Benefits of comprehensive homeowner’s policies

Owning a home and creating a sanctuary for you and your family is the bedrock of the American dream. Your dream needs to be protected, and having a comprehensive home insurance policy can do just that.

 When you select your home policy or consider an upgrade, it is worth the time to sit down with a local agent to review the available options. This can help you determine your insurance needs better and learn which policies can best meet them. There are a lot of policies that are available at many different limits and coverage amounts.

Choosing a comprehensive policy can benefit you by covering events that can often lead to financial responsibility otherwise. When you have a comprehensive policy with the proper coverage amount, you can rest assured that you will be prepared. None of us can predict the future, but we can plan to be ready. Having the right policy in place is a large part of this preparation. Find out more today!

We look forward to protecting you and your family!

TruePoint Insurance is here to serve all of the insurance needs of the greater Savannah, GA community. If you have questions about your homeowner’s policy or are in the process of buying a new home, we are here to help. Give us a call or stop by our local office today.

Protect your Georgia home with the right insurance policy

Are you a homeowner in the beautiful Savannah, GA area? If so, it’s time to get to know your neighbors at TruePoint Insurance. We are proud to help area residents with all of their insurance needs. Give us a call, or stop by our office today to find out how we can help you protect your home. 

Do you have the right insurance policy protecting your home?

Protecting your home with the right insurance policy is a large part of responsible homeownership. You may not overthink your various insurance policies, but you’ll be happy to have them if you experience a significant loss! Because of this, it’s vital that you have the right policy in place with the appropriate level of protection.

If it’s been a while since you’ve thought about your policy or given it a careful review, there’s no time like the present! Putting forth the effort to ensure that you have the right policy in place can save you a lot of headaches down the road. Home insurance serves many purposes, and giving it a regular review isn’t a bad idea at all.

Your home insurance policy is the first step in ensuring that your family home is protected now and well into the future. Making sure that you have the right policy for your needs is something your local agent can help you with.

Let us help you with all of your insurance needs!

Savannah, GA area residents can rely on TruePoint Insurance for help with their home insurance needs. Now’s a great time to find out if you have the right insurance policy for your home. If you want to find out more, give us a call or stop by today!

How To Find Out If You Are Located In A Flood Zone

Is My Home Located Within A Flood Zone?

It only takes a couple of clicks on the right website to determine if you are located within a flood zone. If you reside in Savannah, GA, the best way to find out if your home is situated in the flood zone is to visit the usa.gov homepage. You can get in contact with their permit and floodplain manager directly! His name and contact information are on the header page.

Savannah, GA utilizes a comprehensive flood mitigation plan to ensure that its residents are safe and dry. In addition, Savannah has a repetitive loss area analysis and a program for public information. This information is located on the header page and has links to each.

Most importantly, you can find out if you live in a flood zone by clicking on the flood map information link on the right side of the page.

Savanna, GA is growing by leaps and is bound to answer your questions about flood insurance and general information about flooding. The city officials want you to get involved and provide contact information to report extreme weather and areas where you notice flooding.

The critical information that is gathered by their cities’ flood protection program will give you information about:

  • existing flood zones
  • how to protect your home and your property
  • how to save funds when it comes to flooding and the damage that comes with it

TruePoint Insurance Is Dedicated To Helping You Secure Flood Insurance

The fact is that the state of Georgia does not require flood insurance. However, your mortgage lender may require flood insurance based on where you live on the flood map. That’s where TruePoint Insurance comes in. Serving Savannah, GA, as well as the surrounding area, we can help you secure flood insurance and other necessary insurance to make your life’s investments secure. Contact us by email or at 502-410-5089 to learn more.

Life Insurance FAQs

Life insurance can be tricky for many people. We at TruePoint Insurance, serving Savannah GA, are here to help answer your questions about this important piece of your life. Here are some of the most frequently seen questions we get at the agency.

I’m too young for life insurance, right?

We see this all the time. What we like to ask people after this is, “Are you a parent? A spouse? A son or daughter?” Anyone at any time needs to have life insurance protection. We can use these as mortgage protection, a part of financial planning, even income replacement after a death. Life insurance may not be a topic everyone wants to discuss, but it is very needed.

What’s the difference between term and permanent life insurance?

This is an excellent question and one we always love to answer. Term insurance has lower premiums but has no cash value and it is for a set amount of years. You may renew these policies if needed. Permanent life insurance is a little higher in premium, but it builds a cash value and is with you until the day you die. One is not “better” than the other but one policy may be better suited for your situation.

How much insurance is enough?

While there is a lot of talk about 5-8x your yearly income being the factor, there are questions that are better to understand how much insurance you need. You should factor in how much debt you have, estate taxes, any college you’d like to pay for the children left behind, the income you will not be providing after death, as well as factoring in the cost of inflation. Talking over your needs with a licensed agent can better get you to the number you need than pulling an arbitrary number out of a hat.

Can I insure myself?

There is a thing called “insurable interest” that means that only someone who will feel your loss can insure you. So no strangers and not yourself. Besides family, creditors and business partners may fall in to the category of “insurable interest”.

TruePoint Insurance, serving Savannah GA, is here to answer whatever insurance questions and concerns you may have. Call or come by the office to speak with one of our licensed insurance agents today.