3 Benefits of Term Life Insurance

At TruePoint Insurance, agents help the residents of Fisherville, KY find the right type of life insurance for their needs. Term life is an excellent choice for individuals who want to make sure that their final expenses are covered. It’s also an option if you want to have the policy mature within a specific period. A term life policy offers a variety of benefits that other types of life insurance don’t.

Specific Time Frame

Term life insurance is written for a specific number of years. Each payment is used to add equity to the policy until it matures at the end of the designated term. Term life policies can be written for 10, 20, or 30 years, depending on how big the plan is and how much you want your monthly premiums to be.

Builds Usable Equity

As you continue to make your payments, the equity in the policy continues to grow. Once the equity has reached a certain amount, you may have the option to borrow against it. This is an excellent option if you have an emergency and need access to cash. You can then pay the loan back by paying an additional payment every month, or additional payments can be added to the end of the term.

Lower Payments

One of the primary benefits of a term policy is that the monthly premiums are much smaller than a whole life policy. The longer the term, the lower the monthly payment.

If you live in the Fisherville, KY area and have questions concerning term life insurance, call the agents at TruePoint Insurance and schedule an appointment. They will go over all of your questions and make sure you have the answers you need to make an informed choice.

 

Do You Need Commerical Insurance For A Business Providing A Service?

If you are the owner of a business that provides services to clients or the public, you may wonder if you need insurance, especially if you operate from home. All businesses that provide a service should have some level of coverage, even if it is liability coverage. 

Businesses Providing A Service

If your company or organization provides a service to people, you need protection. You never know when you or someone you work for will be injured or suffer a loss. You can be held accountable for any incidence, and it can cause financial devastation without the right coverage for your market. Some businesses that need reliable coverage include lawn services, repair services, home health, in-home daycare, and more. Speak with an insurance expert to find out what type of coverage suits your business needs and make sure you don’t have costly gaps. 

Working With An Expert

Always choose an agency that has expert agents when it comes to commercial insurance. They will help you find security and peace of mind with high-quality insurance products that protect you from a variety of dangers an potential threats to you and your business. If you live around the Fisherville, KY area, you can trust TruePoint Insurance to guide you in the right directions and present options that you need.

Don’t take chances if you provide a public service. Something could happen at any time and can jeopardize your career and your financial situation unless you have the right insurance coverage. Call or stop by TruePoint Insurance, proudly serving the residents in and around the Lawrence and Fisherville, KY area. We will work with you to find a policy that fits your situation and answer all of your questions. 

What Kind of Boats Need Insurance?

One of the most common questions boat owners ask is whether they need insurance, and what kind of boats require such insurance. Based on state law, you are not legally obligated to invest in boat insurance. However, you leave yourself susceptible to a number of issues if you fail to invest in such protection. Whether you live in Fisherville, KY or the surrounding communities, you’ll want to protect your boat. TruePoint Insurance can help. 

Consider What You Paid for the Boat

You do not legally need to have boat insurance to own a boat or even use it. However, first consider what you paid for the boat. Now think about what would happen if your vehicle is involved in an accident while driving it to the lake. Your auto insurance coverage does not protect your boat. This means even if someone runs a red light and crashes into your boat during transport, your auto insurance coverage will not pay for it. 

All Kinds of Boats Can Receive Coverage

If you’re able to take the vessel out onto the water, then it can be protected with a form of boat insurance. Whether you have a sailboat you’re taking down to the gulf, or you have a paddle boat you like to take out on the lake, all vessels can (and should) be protected with boat insurance. 

You are never legally required to obtain boat insurance. However, an accident on your way to the lake, on the lake, or even inside of your garage, may put your purchase at financial risk, and can even put you at risk of paying out due to liability issues. To find out what kind of coverage options are available for you in the greater Fisherville, KY area, you need to give the team at TruePoint Insurance a call today. 

Volunteering and Your Car Insurance

Volunteering in your Fisherville, KY community is a good thing; people should do more of it on a regular basis. That said, being charitable doesn’t change the fact that one still needs transportation to get from point A to point B. You’re going to use your car, covered by a personal policy, and it will raise the question where does a consumer cross the line between personal use and liability protection and being part of a non-profit effort or organization? Remember, the private car insurance policy was crafted based on the assumption the driver is traveling for personal use and nothing else. Regular volunteering is definitely not in that risk assumption and could give a provider a reason to deny a claim when the insurer asks for details leading up to the accident or damage.

Occasional volunteering in Fisherville, KY is not the issue. Risk assumption is based on regular, overall usage of the vehicle. Regular, especially daily volunteer travel, however, is a risk impact and needs to be declared. The usage will be written into a policy update and the risk assumption updated accordingly. This will avoid claims being denied later on for lack of clarification or even raising questions of insurance fraud, a grave accusation of dealing with. Don’t put yourself in that position when helping out your community.

Give the experts at TruePoint Insurance a call and explain the details of what your volunteering consists of. We will examine your current policy for what can be changed or find a new policy that meets your needs better. Then, you can get back to helping others instead of putting yourself in a bad spot. Give TruePoint Insurance a call today to find out more.

Who will require me to have condo insurance?

When you are looking to make a good investment in your future, one great decision you can make would be to purchase a home. For those that do not want to have all of the maintenance requirements and responsibilities that come with a single-family home, another option would be to purchase a Fisherville, KY area condo. When you own a condo, you undoubtedly will need to have a reliable condo insurance policy on your home. There are several situations in which you will be required to carry condo insurance.

Loan Outstanding

The first situation in which you will need to have condo insurance is when you have any loans outstanding on your home. Since it can be an expensive investment, you likely will have to take out a mortgage to finance it. Whenever you have a mortgage outstanding, the lender will likely require that you grow your monthly insurance payments. This will help to ensure that their collateral is properly protected.

Home Association Requirements

If you do not have a loan outstanding on your condo, you still might be required to have a condo insurance policy in place at all times. Most people that live in a condo also live in a condo association. These associations are typically governed by a variety of different rules and regulations. One of the most common regulations is a regulation that will require that you have insurance on your condo. This insurance will not only have to protect the actual property but will also have to provide liability coverage. 

If you are looking for a condo insurance policy in the Fisherville, KY area, you should contact TruePoint Insurance. The TruePoint Insurance company will help you to identify your condo insurance needs and get you into a great policy. 

“Fold It Up This Way”:Five Things You Need To Know About Motor Home Insurance

Congratulations! You’ve Purchased A Motor Home

The staff at TruePoint Insurance in Fisherville, KY knows that the truth about what you need with insurance is the most important factor. The staffers here are honest and will tell you exactly what is necessary to make your motorhome experience the very best that it can be. You’ve taken the plunge. You’ve purchased the motorhome. Now, how do you best protect it?

Arm Yourself With Information 

The best insurance policies are written when consumer and insurance agents know everything there is to know about what has to be protected. It’s your motorhome. Ask yourself some key questions to get your mind rolling as well as your insurance agents.

Arm yourself with answers to these five questions before you consider the amount of coverage and type of coverage you will need for your motorhome:

  • Who will be driving your motorhome? How old is the driver? Will there be other drivers on occasion?  Do you have a clear idea of the driving histories of all of the drivers of your new motorhome?  
  • Where do you plan to take your new motorhome? Will you be driving internationally? Will you be driving out of state? How often will you be driving out of state or internationally?  
  • Where will your motorhome be stored when not in use?
  • Are you going to let others rent your motorhome when you and your family are not using it?

A complete, comprehensive conversation with an insurance agent at TruePoint Insurance in Fisherville, KY today can negate regrets tomorrow. Call us today or come in so that we can discuss how your motorhome can be the rolling bed of recreational freedom and enjoyment for yourself and your family. 

Who buys renters insurance, the tenant or the landlord?

“Who buys renters insurance? The tenant or the landlord?” is easy to answer: The Tenant.

If you want renter’s insurance, you’ll need to contact TruePoint Insurance in Fisherville, KY to get a quote because it’s unlikely that your landlord is going to cover your personal property for you.

Do you need renter’s insurance?

The short answer is: It depends on what you want to be covered. You might not have much going on in your apartment. If it’s a small studio and most of your stuff is in storage or back at mom and dad’s house, what do you need renter’s insurance for? You might not want to bother getting an air mattress and a TV covered if this is just a temporary place.

But before you say no it’s important to consider the liability risk.  Lots of things can happen that could expose you to a lawsuit.  You have friends over and one gets hurt.  You may think your friends aren’t going to sue you.  I hear you, they may not.  What happens if your friend brings a friend and they get hurt.  Different ballgame.  What happens if your negligence leads to fire, you give tricker treaters some bad candy; things can get pretty ugly pretty fast and with the general liability protection included with your renter’s policy you are on your own.  No money to pay claims and no one to help defend you.

But you might not have a choice

It used to be that rental properties were something of a renter’s market. You could always go somewhere else with your hard earned money. Now, landlords know that renters are desperate. Many landlords may require tenants to have renter’s insurance. It might not be fair to tenants, but that’s capitalism for you. When you have something scarce, you tend to leverage it for whatever you can get, and renters insurance takes some of the pressure off of landlords.

But that doesn’t have to be such a bad thing. TruePoint Insurance can set you up with a solid insurance package at a reasonable price so that you can cover your belongings in your apartment without breaking the bank. Whether you want to stay protected or renters insurance is part of the lease agreement, it doesn’t have to be unreasonably expensive. Contact the agents of TruePoint Insurance in Fisherville, KY to get a quote and get started.

Does My RV Insurance Protect Me When I’m Out of State?

RVs mean time spent with family and friends on the open road. They represent adventures and the opportunity to develop lasting memories of time together. Just as you are required to insure your regular vehicle, you are also required by law to carry insurance on your RV. The situation that an RV represents is different than a normal vehicle and your insurance needs will also be different as well. Consider this; an RV is both a vehicle and a vacation home. When you are looking at various insurance options, it’s important to consider the pitfalls that you could encounter while you are away from home. The team at TruePoint Insurance serves the needs of residents around the Fisherville, KY area. They understand the unique challenges that RV owners face and can show you the options that are available to you.

Policy Options

Just like an auto policy, an RV policy can provide comprehensive, collision, and liability coverage. It will go further to provide coverage for the contents of the RV including equipment such as satellite dishes and awnings. It can also provide protection from accidents involving uninsured or underinsured motorists. You will want to make sure that the policy that you select also provides some roadside assistance. If it is not your primary residence and remains on your property most of the year, there may be discount options available. Talk with your agent at TruePoint Insurance about potential savings if you only use the RV for a limited amount of time during a year. If you are in the Fisherville, KY area, feel free to stop by our office to discuss a policy and get a quote. Get ready to hit the road with TruePoint!

What Is Covered by Motorcycle Insurance?

Proper Motorcycle InsuranceIn order to drive a motorcycle in Kentucky, you must have at least the minimum of $10,000 damage per accident, $25,000 bodily injury liability per accident, and $50,000 for all bodily injuries per accident. This is only the minimum coverage and will only cover damages and injuries to other people. It also means you aren’t getting any financial protection for yourself in the event of an accident.

However, there is optional coverage you can consider purchasing. In Fisherville, KY, and the rest of the state, personal injury protection must be added to auto insurance. However, it is not required for motorcycle insurance, but could be an option for those who want additional coverage. This insurance will help cover your medical costs should you become injured in an accident. This insurance will provide coverage, no matter who caused the accident.

An agent at TruePoint Insurance can explain optional coverage. Other options can include collision coverage, which covers your motorcycle if it is damaged in an accident. Comprehensive coverage will pay for damages to your bike from damage that isn’t related to an accident. A motorcycle can be a huge investment, and some collision and comprehensive coverage will help pay for repairs so that you can take full advantage of your investment.

Other optional coverage includes medical payments to help pay for hospital costs if you’re injured in an accident. This is a useful type of insurance to have if your health insurance is lacking, or has a high deductible where you have to pay a lot of out-of-pocket costs. Even though insurance is mandatory, having uninsured or underinsured motorist coverage will help protect you if there is an accident with someone who doesn’t have insurance.

Contact TruePoint Insurance to get a quote for motorcycle insurance. Our agents can answer your questions and help you get started on a motorcycle insurance policy.

Understanding your home insurance deductibles

Deductibles with Truepoint Insurance

For many years, deductibles have been considered to be a fundamental element of the insurance contract. It is therefore vital to understand its importance when insuring your Fisherville, KY home to reap the benefit of your insurance policy.

A deductible is an amount of money the insurance holder pays towards an insured loss. Therefore, a financial obligation by the insurance holder since it forms part of the insurance contract. On many occasions, the amount you come up with as the deductible is paid before a claim.

Insurance deductibles have basics as explained below:

How to identify the amount of your deductible

On your contract, the insurance deductible is listed under the terms and conditions section which is on the declaration page of the insurance policy. As a homeowner, you will choose the deductible amount for your home and the contents. The policyholder chooses how much the deductible will be, but the insurance company sets the minimum deductible depending on the insurance policy, but regardless, the higher the deductible, the lower the cost of insurance.

How to save money with a deductible

As an insurance holder, despite the fact that you pay the premiums, you might not have claims every year. It is, for this reason, an advantage especially in instances where you pay higher deductibles or an increased amount of deductible more than the minimum since you will be able to save a good percentage on your insurance cost.

How to identify a loyalty deductible

It is important to understand the costs for each deductible on each policy. In case a policy has a waiver, and its cost is the same as policy without a waiver, then consider it as a loyalty advantage and a pleasant characteristic of the coverage you are purchasing. If there is a cost attached, then as the policyholder, it is upon you to contemplate whether it is worthwhile to pay more.

Being one of the fastest growing insurance companies in Fisherville, KY, Truepoint Insurance offers help with home insurance policies. Contact our offices to speak with an agent and to have your questions answered. We look forward to hearing from you.