Who should get flood insurance in Kentucky?

Anyone that lives in the Fisherville, KY area needs to carefully consider their home insurance needs. One form of insurance that should be considered is flood insurance, which will provide specific coverage if your home is damaged by a local flood. There are several situations when someone should get flood insurance on their property in this area of Kentucky

Anyone with Lender Requirement

The first situation when someone in Kentucky should get a flood insurance policy is if they are required to have it by their lender. Mortgage lenders are aware of how serious flood damage can be. Due to this risk, lenders often require borrowers to carry flood insurance if they are in a flood zone. Depending on what flood zone you are in, the lender could require you to escrow payments monthly to ensure coverage. 

Needs to Cover Against Risk

Even if there is a small risk for flood damage in your area, you should still consider getting flood insurance. If you do not have a mortgage or are not required to carry it, you should still carefully assess your risks and current insurance coverage. If you are near a waterway that could flood, you should consider getting an additional flood insurance policy to ensure you are fully covered at all times.

When you are looking to learn more about flood insurance in the Fisherville, KY area, you should speak with the team at TruePoint Insurance. Choosing a flood insurance policy can seem quite complicated and challenging. When you call TruePoint Insurance, the team of insurance professionals will be able to provide you with a full assessment to help you determine what type of insurance is right for you. They can then help you get into a policy that provides adequate coverage. 

Understanding Car Insurance; Auto Liability Limits

What are Auto Liability Limits?
Auto Liability Limits are the part of your insurance that protects you for damages to others.

What happens if you or an auto you own are involved in an accident and deemed to be at fault? You will be liable for losses to the other party’s vehicle and any injuries resulting from the accident.

You can find your Auto Liability Limits on your declarations page. Auto limits are the three numbers which look like those below:


100/300/100


The first two numbers, 100/300, represent the coverage available for BI, or Bodily Injury. Your BI protects you when you are at fault, and as a result, injury has occurred to others.


The first number (100) indicates that the policy provides up to $100,000 of coverage to any one person. The (300) states that the total amount available to cover all injured individuals. The number 300 indicates that BI has a $300,000 cap.


The final number represents Physical Damage. It is also referred to as PD. Physical Damage coverage protects against property damage caused by the insured. In our example, the number (100) indicates that you have $100,000 in PD coverage.

Several States have recently increased the required minimums For Auto Insurance


Liability Limits represent the amount that your insurance company is legally liable for. Those limits vary and are dependent on the amounts you requested. Each state sets minimum required limits.

Below are the required limits required by the states served by TruePoint Insurance:

Georgia 25/50/25

Indiana 25/50/25

Also, Indiana requires minimum limits for Uninsured and Underinsured Motorist
25/50/25

Kentucky 25/50/25

South Carolina 25/50/25


In addition, South Carolina requires minimum limits for Uninsured and Underinsured Motorist
25/50/25

What happens when the cost exceeds my coverage limits?
As insurance agents, we have thoughts and suggestions related to auto insurance. However, there isn’t a right answer to the question above. Will the injured party pursue the claim once it exceeds the limits? For those that do seek to be fully repaid, they will likely seek recourse in a courtroom. This takes us or any other insurance agent out of the picture. It also makes it impossible for an agent to answer this question.


Before purchasing car insurance:Take the time to speak with an agent; one that is willing to provide insurance decisions that are right for you.