Insuring Unmanned Aircraft (Drones) Part 1 of 3

Posted on by Brad Smith

Unmanned Aerial Vehicles – Part 1

For most of us, our relationship with aviation is passive. We, except for rare instances, are involved in flight as passengers, not as flight crew. We board aircraft, take our seats and allow pilots to transport us, handling all of the complexities of air travel.

Whether air transport involves moving people, goods or both, its efficiency in reducing the time it takes to travel over long distances from weeks and days to hours is rivaled only by its potential severity of losses.

Protection against loss involving cargo or passengers is handled by aviation insurance which is designed to respond to low frequency but high severity accidents. Currently such policies are now being asked to handling an emerging, different exposure; unmanned aerial vehicles (UAVs).

UAVs, aka drones, were developed initially for research, exploration and military use. In recent years, they have been increasingly exploited for personal and commercial use. Initially the potential for loss was low, similar to use of hobby, radio-controlled (RC) planes, copters, etc. But the situation with UAVs is transformative. RC aircraft are used recreationally. They are operated chiefly in wide open, isolated areas with little chance of interaction with persons or property. Losses usually involve damage to the aircraft. Injuries to persons typically are restricted to first aid for cuts, bruises and similar, fairly minor harm. Protection is adequately handled by homeowner policies or by specialty coverage provided by recreational RC flying clubs. That is NOT the case for UAVs.
For more information, please see Unmanned Aerial Vehicles – Part 2

https://www.insuringky.com/blog/insuring-unmanne…ones-part-2-of-3/

 

COPYRIGHT: Insurance Publishing Plus, Inc., 2015
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.

Getting the Right Type of Life Insurance for Your Family

Posted on by admin
Life insurance comes in many forms, term life insurance, whole life insurance and universal life insurance
Life Insurance

No one likes to think about death, but it’s necessary sometimes. Because of this, it’s important to make sure you have the right type of life insurance for you and your family. Heaven forbid if you died an untimely death and left behind various expenses on your family. Not only will they be suffering emotionally from losing you, they will also be suffering financially.

To make sure your family will not have to go through such atrocities, it will behoove you to get life insurance. There are many types of life insurance

The Life Insurance application is the beginning of your process to a life insurance policy
Life insurance application

available; Term Life Insurance, Whole Life Insurance, and Universal Life Insurance lead the way. This makes it vital to consult with some reliable and experienced.  Finding an insurance agent to lead you in the right direction is the first step.

If you live in Central Kentucky or the surrounding areas, there is an insurance company that has highly professional and experienced agents.  These agents work to help you manage all risk.  Don’t underestimate the value of having assistance from someone with insights into other aspects.  When considering life insurance those providing guidance must understand your complete risk profile.

Life insurance policy

TruePoint Insurance can lead you in the right direction by giving you free quotes, consulting with you on the various types of life insurance available, point out all that is covered, and show the amounts covered with these different life insurance choices. That way, you can properly choose the right one that’s suitable for you and your loved ones. You will never be caught off guard when working with us making sure expenses and financial security are covered if death occurs.

Conclusion

Death is sure to happen to us all, and no one can predict his/her time of death. However, if you live in Kentucky, whether it’s Fisherville, KY or other areas in this state, you can ensure your loved ones are not going through financial perils if and when death occur when working with our insurance agents. We are fully trained, licensed, and experienced insurance agents who know the ins and outs of life insurance, and we work hard for our clients. So, contact TruePoint Insurance today!

Do you need business insurance?

Posted on by admin
do i need business insurance? What will happen if I don't?
Do I need business insurance?

Does your business have commercial insurance?  Some businesses are required to have insurance, others are not.  How do I determine where my business falls. If you are required to have businesses insurance, you likely know. A governmental body may require your business to have a license. If that’ the case, it’s very likely that you couldn’t get your license unless you had prior proof of insurance.  Truckers, plumbers, insurance agents, and real estate agents are a few examples.
 
If I am required, what types of insurance will I need?
There is a purpose behind governmental units requiring businesses to carry insurance. They do so because of their charge to protect consumers.  As a
Commercial Insurance and Business Liability insurance, what is the difference
Commercial Liability Insurance

result, when insurance is required, it is, most likely to be a Liability coverage.  The two most common forms are General Liability (GL) and Professional Liability. Many contractors are licensed by the state.  In Kentucky, this is done by the Department of Housing, Building, and Construction.  Plumbers are governed by a subdivision of the department, the Division of Plumbing. The Division of Plumbing has as many requirements. The one we are focusing on is the requirement to provide proof of insurance.  It is a state mandate that all Kentucky plumbers have in place a general liability policy. The policy must have a minimum limit of $250,000.
Many industries revolving around motor vehicles use a different form of liability insurance.  One example is Truckers. Their liability protection comes from policies identified as Trucking or Non-Trucking Liability. They are very specific coverages that are part of the Commercial Auto Policies (CA). 
Auto dealers, garages, and body shops are protected by two liability policies created specifically for them. Dealer customers test drive vehicles and there is a very high turn over. Garages test drive customer vehicles, some even tow the client’s cars. These are a few reasons this group needs specialized coverage. Garage Liability and Garage Keepers Insurance have characteristics that appear like a blended GL and CA policy. 
Professional Liability Insurance has long been associated with services industries. It goes by many names; errors and omissions (E&O), medical malpractice, directors, and officers. This coverage protects businesses against claims of negligence.  Kentucky Insurance Agents and Real Estate agents are two examples of businesses required to have E&O coverage.
 
Why are we still here if insurance isn’t required?
If anyone ever tells you that you don’t need insurance don’t ask why just run!  I recently I saw someone involved in the insurance industry proposed the following absurdity. They suggested that risk change if your business operated online and didn’t have employees. Actually, they went as far as to say that such companies had little need for commercial insurance.
WHAT! 
Be sure to get their E&O info before taking there advising.
Before deciding to waive the insurance coverage, step back. What could go wrong today and how will I pay for it. Reconsider all your risk. Think about the online company, the one that has no risk. The one that doesn’t need commercial insurance. a
Consider the following: Do you have customers, clients, consumers, or readers?  If you answered no then are you really in business?
Could you make a mistake that would cause financial loss, or negative impact a customer? It is most likely insurable!
Could a vendor, affiliate, or other business relationship impact your business? Could one cause a temporary shutdown of your business? In most cases, you can protect yourself with insurance!
Ever heard of Cyber Liability?  What exposures do you have when someone hacks into your system? Cyber risk can be defended.
Everyone has risks, even an online business.  When you start to consider cyber exposures you very quickly release that this could be a very significant exposure.  If you’re interested in reviewing your risk profile feel free to give us a all.  (502) 410-5089. Some form of commercial insurance is needed by almost all businesses.   That’s why it is so important that you find an insurance agency that you can trust.  No insurance premium versus the option of no insurance company. When you have a claim, what is the highest the loss can be? When I do the math, those are odds that I don’t like. 
give us a call, we’re TruePoint Insurance. An insurance agency that’s committed to doing insurance your way. We know our role, and it’s not to sell insurance.  We help businesses like yours every day.

Take control of your insurance

Posted on by Brad Smith

Instant online insurance quotes in real-time from a real insurance agency

Family Feud-The Insurance Addition:

100 people surveyed

Reasons people overpay for Home & Auto Insurance:

The #1 Answer:  I Don’t Know

The #2 Answer: Unwilling to talk to an Insurance Agents

Afraid of insurance agents?
Taking control of your insurance starts with finding an agent that you can trust

 

Maybe it’s time to experience TruePoint’s Customer Service.  Visit our site at www.insuringky.com for an instant online home, auto or home & auto package quote.  Instant insurance quotes in real-time, 24/7 without an agent.

Our customer focused approach puts you in the drivers seat.  In addition to instant online quotes, our clients have online access to all of their important personal insurance documents.  Stop worrying about getting pulled over by police with an expired certificate of insurance.  As long as you have a cell phone you can deliver acceptable proof of insurance any time night or day.  Maybe you have water standing in your basement.  You want to check your insurance policy but it has been ruined by the water.  Don’t go all weekend worrying if you have water backup coverage, visit the TruePoint Customer Portal to access the information that you need.  TruePoint provides full service insurance and risk management assistance to individuals and businesses in Kentkucky, Southern Indiana, the South Carolina Low Country and Coastal Georgia.

 

 Residents in Kentucky and Indiana should call:      (502) 410-5089
 Residnets in Georgia or South Carolina shouild call:     (912) 330-1265
 or visit our website at www.insuringky.com

or visit our website at www.insuringky.com

Auto Dealer Operations

Posted on by Brad Smith

Auto Dears....Keeping Americans on the Road. Keeping them in business are the many insurance agents and companies that specialize in auto dealer insurance.
Auto Dears….Keeping Americans on the Road

Garage operations are businesses that have hybrid coverage need. With such businesses, the lines between the general liability for the operations and the automobile liability exposures blur and overlap. A general liability policy does not provide enough coverage and a commercial auto policy provides too much. Fortunately, there is a way to properly handle this need. The Auto Dealers Coverage Form contains premises liability, products liability, automobile liability, and automobile physical damage coverage. Operations that should be protected by this policy include the following:

  • franchise and non-franchise auto dealers
  • truck dealers
  • motorcycle dealers
  • snowmobile and recreational vehicle dealers
  • new and/or used trailer dealers
  • vehicle repair shops
  • service stations
  • storage garages and
  • public parking places

Car dealers and garages need commercial insurance modified to meet their needs. TruePoint specializes in Kentucky and Georgia Auto Dealer Insurance.
Need help finding the right Dealer or Garage insurance?

The Auto Dealers Coverage Form is flexible, having the ability to cover a wide variety of automobile loss exposures. Besides covering vehicles that are owned by the covered business, it may also cover vehicles that are non-owned (rented or borrowed), trucks and other non-private passenger vehicles, trailers and mobile equipment. Coverage may even apply to vehicles that are privately owned by employees, but were involved in a work-related loss; says an employee who has a collision in his personal car while returning from picking up lunch for his boss and co-workers.

An Auto Dealers policy may also be written to customize how coverage applies to different types of vehicles. For instance, Joe’s Towing Service has a fleet of four tow trucks, as well as a sedan used by the owner. The towing service also does repairs and regularly has customer vehicles on their premises. Rather than having both liability and physical damage on all cars the services either owns or handles, Joe selects the following:

  • Liability and Physical Damage – for his two newer tow trucks and his sedan.
  • Liability only – for his two, older tow trucks
  • Physical Damage Liability only – for vehicles belonging to customers

Like other types of policies, an Auto Dealers coverage form also provides legal defense coverage. In other words, the policy handles the costs associated with defending the policy owner against claims and lawsuits. This protection does not affect the separate limits of insurance that are selected for the liability coverages.

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 the written consent of Insurance Publishing Plus, Inc.

Fake Insurance

Posted on by Brad Smith

One of the most important actions a person can take to protect against the loss of property is to buy insurance. It involves taking time to find what type of coverage is needed, how much coverage is necessary, what insurer to deal with and whether one can afford adequate protection. Unfortunately, insurance consumers have a serious, additional concern….whether the insurance offered is legitimate.

Insurance consumers are frequently being lured into buying policies that turn out to be fakes. The counterfeit coverage is typically for auto and home

coverage and the practice is particularly concentrated in areas that have suffered catastrophes. Fake insurance is also being offered in areas where legitimate insurance has traditionally been expensive.

Sadly, the coverage is often discovered as fake after a loss has occurred and there’s been an attempt to file a claim. In such instances, a duped consumer has not only lost the money paid in “premiums,” they now face an uncovered loss.

If you are searching for insurance, it is important that you do so carefully in order to make sure that your purchase is made from a reputable source. The most prudent action is to ask questions and avoid any situation that raises suspicion. Signs that an opportunity is fraudulent include the following:

    • Insurance premiums that are much lower than what is typically offered
    • Companies that downplay any requirements about eligibility for coverage
    • Sources that attempt high-pressure to hurry you into making a decision
    • “Insurers’ that ask for cash (either down payments or full payments)
    • Lack of information about their coverage
  • Applications that include requests for unnecessary financial or personal information

Your best protection against a high-risk scam is to seek out a qualified insurance professional.

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.

Will my auto policy cover damages if someone else is driving my car?

Posted on by admin

Lending your car to a friend or relative seems like a nice thing to do. You may trust them completely, and believe that they are the ones who will be held responsible if there is an accident. Due to something called "vicarious liability," you are responsible for what the other operator does. If your friend or relative decides not to pay, you may be able to sue for damages, but you will be held responsible first as the vehicle owner.

At TruePoint Insurance, we can make sure you have a policy which will have limits which are capable of covering all the damages, including property damage and injuries. If the injuries were minor, there will likely be few problems, but you want to be protected in case of major problems. Especially if you want to lend your vehicle to other drivers, you need to make sure your policy covers other drivers. For instance, if you lend your car to your spouse, make sure your spouse is listed on your insurance policy as a driver at your home address.

Another problem could arise if your friend or relative does not have a driver’s license. In that case, you are still responsible for your friend’s actions. You may also have an auto insurance policy which specifically includes coverage of unlicensed drivers, which could leave you personally responsible for all resulting damages. 

The only time you can evade responsibility for the damages when someone else is driving your car is when you did not give that driver permission to operate your vehicle.  If you think you need more coverage, or just have questions, please call TruePoint Insurance and we will be happy to help you.

Insurance Solutions for Kentucky Heavy Duty Pickup Trucks

Posted on by Brad Smith

 “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

Posted on by admin

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.