How Does Boat Insurance Protect Me in International Waters? Alcorn Insurance Agency – Blog Order – October 2017

Boating is a popular pastime throughout the year. Individuals who avidly pursue boating, sailing and watercraft need to understand that they are protected in a variety of situations. Policies for boats and yachts are different than the coverage that you will have for your home or auto. The staff at Alcorn Insurance Agency helps boat owners in Illinois and Missouri get the coverage that they need. Many new boat owners believe that their homeowner’s insurance will also cover their boat.  In some cases, with small boats this may be true. It is important for you to discuss your situation with your agent to ensure that you are covered. For larger boats that travel into international waters, it becomes more important to make sure that the appropriate coverage is in place.

Basic marine insurance will provide liability and physical damage coverage. Liability protects the boat owner should anyone be injured on the boat or there is an accident resulting in property damage. The best physical damage policies are “all risk” and cover damage to the boat and its mechanical components. The policy may also provide coverage for events such as wind damage and vandalism.  Many insurers recommend that you keep the policy in place even when the boat is stored or tailored. These policies will offer two options:  agreed value and actual cash value. Agreed value means that you will be reimbursed based on an agreed amount in the policy. The actual cash value calculates the value of the boat based on depreciation. Additional policies can cover medical expenses, uninsured boats and personal possessions on board. The team at Alcorn Insurance Agency knows that boaters in Illinois and Missouri have questions. They are here to help!  

What to Know About Purchasing a Boat

When a resident of Centralia, IL or the surrounding area is looking to purchase a boat, we at Alcorn Insurance Agency have a few pieces of advice to help the process go smoothly. We also want to see you purchase a boat that fits your needs.
 
Compare Online
Generally, you don’t want to go to a shop or several shops to purchase a boat. You’ll find yourself wasting valuable time during the comparison process. It’s easiest to browse online if you’re interested in purchasing a boat. Because photos can be deceiving and not everyone online is honest, you should compare photos of similar boats to look for differences. It doesn’t hurt to check similar listings to compare. You’ll want to take note of what is stock dealer equipment and what isn’t.  
 
Compare Boats and Shops
You want to compare both the boats and the shops. You may want to go through several listings from the shop, so you have a general idea about their business. You want to get a feel for what type of products the company sells and their quality.  
 
Bigger and More Advanced Isn’t Better
Bigger and more advanced isn’t always better. If you don’t need a large boat, you could find yourself wasting money. And if you’re not genuinely happy about your boat, you’ll find yourself wanting to sell it not long after you purchase it. You also don’t want all the bells and whistles if you don’t actually need them. These items get costly to replace, and if you don’t use it, you’re just paying for bragging rights.
 
Make sure you purchase boat insurance after you buy a boat, no matter which one you choose. Alcorn Insurance Agency will discuss with you your options and help you decide on a policy that fits your needs. All you have to do is call 618-532-7307.

Is Umbrella Insurance Right for Your Company?

Do you own your own company? If so, then you most definitely want to make sure it is protected with the right type of insurance. Fortunately, you won’t have to look very far to learn about the different types of insurance available in Centralia, IL. If you are thinking about investing in umbrella insurance, check out these tips for determining whether it is the best fit for your business. 

Do you already have existing business insurance?

In order for umbrella insurance to go into effect, you need to have insurance already. The purpose of umbrella insurance is to expand the limit that your current insurance provides. This does not mean your current insurance will pay out a higher amount. It simply means that your umbrella insurance will provide additional coverage once your original policy reaches its limits. If you already have insurance, then an umbrella policy is a wise investment. 

Does your business have company vehicles?

An umbrella policy can expand the coverages that your underlying policies may not provide. For example, if you have business auto insurance that only covers accidents that occur within a certain territory, an umbrella insurance plan may be able to expand the specific areas in which the accident must occur. 

Do you need a policy that can be customized?

If you are wanting to have access to additional coverage that extends beyond your current insurance policy limits, then a customizable umbrella insurance will make for a great investment. To get a customized policy, you will need to provide the following to a qualified umbrella insurance agent:

  • Annual breakdown of your payroll
  • Financial details of your operations
  • Prior financial and asset losses
  • Record of company’s financial success (the longer the success, the lower the premium rate tends to be)

To learn more about umbrella insurance, contact Alcorn Insurance Agency today serving the Centralia, IL area. 

3 Reasons to Protect Your Home Business with Commercial Insurance

If you’ve decided to start a home business, you should be aware that your homeowner’s insurance may be insufficient to protect your business interests. Your homeowner’s insurance policy may not cover expensive business equipment or products or even offer protection against accidents for customers who visit your home for business purposes.

In contrast, commercial insurance from Alcorn Insurance Agency, Centralia, IL, will provide your home business with all the protection it needs. Here are a few reasons to consider commercial coverage for your home business.

Business Property Protection

If your business requires the use of expensive equipment, commercial insurance will protect this equipment from the risk of theft, damage or loss. Commercial insurance can also protect business products you store or sell from your property.

With commercial coverage, you will be compensated for loss of business property due to fire, storm, vandalism or other covered peril. Replacement cost coverage covers the cost of replacing business products or equipment so you don’t have to pay out of pocket. Depending on the extent of damage to your business, commercial coverage could save you from complete financial loss.

Business Liability Protection

Business liability insurance offers various forms of protection for your home business. If you render a professional service from your home, you may want professional liability coverage to protect your clients when on your property. If you manufacture or sell products from your home, product liability will protect you against the risk of injury your product may cause to customers at large.  

Business Growth and Expansion

There are always risks to running a business, whether it’s from your home or in a separate business location. Commercial insurance will protect your business against these risks, giving your enterprise the opportunity to grow and prosper.

For more information about commercial coverage for a home business, contact Alcorn Insurance Agency, Centralia, IL.

Are Pets Covered on Home Insurance?

Pets are a part of the family and as such we are all worried about what would happen should they be killed or injured in our homes. For those in the Centralia, IL area, the agents with Alcorn Insurance Agency can outline just what your policy covers.

In most cases, your insurance is going to cover a wide range of things that are directly associated with your pet. They do cover pet damages to someone else’s property, they often cover things like dog bites to other people, they may cover vet bills if your dog attacks another dog, and they may even cover the cost of the theft of a pet.

In terms of taking care of vet bills, if your pet dies, or if your pet is injured, most policies steer clear of this distinction because not all people own pets. There are alternatives however for those that do have pets and want to protect them. You can take out pet insurance which is very similar to health or life insurance for people to help cover vet bills, take care of them if they are hurt, and more.

In most cases, the homeowner’s policy that you have in place is meant namely to protect the homeowner and the home as well as the contents of the home. That is not to say that they are not also going to protect the home and homeowner from pets and pet damages but that pets are not always the main tenant of any home insurance policy.

If you are at all concerned about what your policy covers and you live in the Centralia, IL area, the agents with Alcorn Insurance Agency can help go over your policy to tell you just what it covers.  

Commercial Insurance as Part of a Solid Business Plan

So, you are planning to start a business or already have one up and running in Centralia, IL? Well, hopefully you have a solid business plan. Any entrepreneur who does not know exactly where they want to be a week, month, year or even decade from now might be in danger. Things are just too competitive.

But, even if you have all your plans written down on paper, be prepared for things beyond your control. When accidents happen, they can take down even the seemingly most secure businesses. That is why you need to have adequate commercial insurance in place. Without this essential security, you could suffer financial disaster.

Here are reasons why commercial insurance should be part of any serious business plan.

1. Accident Injuries

You never know when a customer will have an accident on your premises. It is just too easy for someone to slip and fall, for example. They will then usually demand you pay for the medical bills and other costs.

Accident injury claims can wind you up in serious financial trouble. Always have adequate commercial insurance in place before opening your doors.

2. General Negligence Lawsuits

If you fail to settle an accident claim or get accused of negligence for some other reason, you will have to pay out of pocket to hire a lawyer. Court fees are getting more expensive every day in Centralia, IL.

The other side will probably try to prolong the proceedings to make it hard on you to run your business. Do not fall into this trap. Get enough commercial insurance now to handle the costs of these all-too common lawsuits. Fortunately, the staff at Alcorn Insurance Agency can help.

3. Employee Problems

Your workforce can also pose problems. They too may get injured or claim some sort of workplace negligence on your part. You will need enough insurance to deal with the lost time dealing with these issues.

Get More Information Today

You have worked hard to succeed. Do not lose everything by failing to have enough commercial insurance to cover you during times of trouble.

Just speak with the experienced agents at Alcorn Insurance Agency today about an affordable plan.

 

Is Your Teen Ready to Drive?

According to the Secretary of State in Illinois, traffic accidents are the main danger to our older teens. There are a variety of reasons for this, and the main way to prevent teen driver accidents is to make sure that your teen driver is truly ready for the responsibility of driving before allowing them to be behind the wheel.  

Ways to Increase Driver Safety for Your Teen

  • Ride with them often. The more often you allow them to drive when you are going someplace together the more likely you will be able to use mistakes as teaching moments that can end up saving a life. Also the more often you allow them to drive with you in the vehicle the more experience they will get in general. 
  • Implement a solid no-texting while driving rule. Distracted driving is deadly driving so make sure your teen knows the risks. There are a lot of YouTube videos that can drive home the point if you want to use scare tactics. Many parents choose to lock their teen’s mobile devices in the trunk or glove compartment when they leave so they know their teen will not be in the habit of checking each time a text dings. 
  • Teach your child that driving is a responsibility and a privilege, not a right. If they have not proven to you that they are not mature in other facets of their life, then they may not be ready for the responsibility of driving. Use your best judgment for the safety of your own teen and other people on the road. 

At Alcorn Insurance Agency we want the leading cause of death for people between age 15 and 20 to change. For the best insurance rates and driving tips in and around Centralia, IL contact us today.  

What is a Normal or Low Risk Driver

In the insurance world, there are plenty of terms that you will come across that might need further explaining. The term normal or low-risk driver is just that. For those in the Centralia, IL area, the agents with Alcorn Insurance Agency can help define these terms.

For our basic needs, the term normal or low-risk driver refers to those drivers that are least likely to have an accident or file a claim against their insurance. These drivers are generally over the age of 25, have a safe driving record, have not filed any claims within the past five years, and are often married or have a stable job and home or residence.

These are all factors that help to make a driver low risk. The idea is that these drivers are going to be safer because they do have more experience than younger drivers, they are not at an age where they are going to be inattentive, and they have a home and other items that would make them want to be careful when driving.

Those drivers that are under the age of 25 and over the age of 70 are both going to be considered higher risk drivers. The first group is higher risk because of lack of experience while the other group is higher risk due to factors related to aging. No matter what group you fall into, the longer you go without an accident or without a ticket or infraction, the better your rates are going to be and the lower your premium is going to be.

For those that still have questions and live in the Centralia, IL area, Alcorn Insurance Agency can help you to answer your questions and help you determine if you are a high-risk driver or simply a normal low-risk driver.  

Five Home Projects To Save On Insurance

Living in Centralia, IL can be very rewarding. You love your home and want to do everything you can to protect it. For this reason, you want to make sure that you have affordable home insurance in place. Various DIY home projects can be done to help you accomplish this.

Roofing Repairs

At Alcorn Insurance Agency, we recommend for homeowners to have a roofing inspection and conduct roofing repairs throughout the year. This way, if there is a rainstorm or snowstorm that impacts your roof, it is in better condition. Otherwise, you could end up with extensive damage that could lead to having to file a home insurance claim and spending money out-of-pocket.

Window Repairs

There are various window repairs can be performed to keep energy bills in check and water from entering the home. This includes replacing older glass panes and caulking around the frame.

Landscaping

Landscaping is another way to save on your insurance. If you keep the path leading up to your home free of debris, there is a reduced chance of someone falling. This saves you from a liability claim of someone injuring themselves on your property.

Security System Installation

Various security systems are available on the market. Some include video surveillance cameras, mobile apps, and more. You can install the system and then have a company monitor it for any activity. This reduces the likelihood of experiencing an actual break-in, which can save you on home insurance.

Fencing

A fence the ability to save you a lot of money. Whether you decide to go with chain-link, aluminum, PVC, or anything else, it adds a barrier around your property.

You need to ensure you have financial protection in place on your home in Centralia, IL. There is no reason for you to spend a fortune on home insurance. Contact Alcorn Insurance Agency to learn more about obtaining affordable insurance and get quotes multiple companies today.

Tips for Prepping for a Winter Storm

You can pretty much bet on a winter storm happening at some point in Centralia, IL. Whether you have successfully prepped in the past or you want to learn how to do it better, you have come to the right place. Before the next winter storm comes through the area, use these tips to prep for it. You will be so happy that you did when you have everything you need at home.

Get Food and Water

During every storm, you need to prepare for the worst. That includes getting plenty of food and water for everyone in the home. When buying food, you should consider getting food that you do not have to cook just in case you do not have power. You should also get supplies for your fireplace if you have one. This can come in quite handy if you lose power because it can provide warmth and light.

Get Salt for the Ground

Once the storm is over, you will likely want to get out of the house. If ice has accumulated, that will be difficult to do. Before it gets bad, get some salt, sand, or cat litter and spread it on your sidewalks and driveway. This will help prevent ice build up. If the ice is already there, adding it on top will have the same effect. Just do not put it on your grass.

Even with the best prepping, you cannot predict what will happen during the storm. The best way to protect your home is with a home insurance policy. If you do not have one or are considering a change, be sure to contact our office serving Centralia, IL, today. We will pull some quotes for policies for you that will work with your budget and protect your home.