4 Reasons to Purchase Boat Insurance Today

No matter how big or small your boat may be, purchasing boat insurance is vital to the long-term maintenance of your boat. For residents of Centralia, IL, the following is an overview of 4 reasons to purchase boat insurance today. 

Property Damage

Various types of property can go overboard or incur other types of unexpected damages. By purchasing a boat insurance policy, you will be able to travel with the peace of mind of knowing you and your passengers’ belongings are covered. 

Liability Coverage

In addition to that, liability coverage is also vital to boat owners of all kinds. No matter how big or small your boat may be, it can still cause massive damages. By purchasing a boat insurance policy, you can make sure you are covered in case you cause an accident. 

Flexible Coverage

Offering a wide variety of deductibles, limits, discounts, and coverage options, boating insurance is actually much more customizable than many other types of insurance.

Injury Protection

Lastly, if you or someone else becomes injured, you will certainly need the proper coverage. Medical bills can be quite costly and one accident could put you on the hook for thousands or even millions of dollars. However, by purchasing a policy beforehand, you will avoid issues such as this one.

For those living in Centralia, IL, Alcorn Insurance Agency is an excellent option for securing boat insurance coverage. No matter what your coverage goals are or what your boating life entails, one of their well-trained representatives would be glad to assist you. Simply call, stop by, or visit Alcorn Insurance Agency today to find out how to start your coverage immediately.

Is Umbrella coverage worth the cost?

Many people go back in forth on whether or not it is important to purchase an umbrella insurance policy, it is, after all, an extra expense to your annual insurance costs. One should seriously consider purchasing an umbrella policy for financial protection. An umbrella policy is almost always worth it, but if you have certain situations, it is more than worth the cost. If you are Centralia, IL area and are interested in determining whether an umbrella policy is right for you, please reach out to an agent at Alcorn Insurance agency.

If you have a dog it is definitely worth purchasing an umbrella policy. Dog bites are one of the most common claims made under umbrella policies. If your dog bites someone, there is likely to be high medical bills as well as potential damages in a lawsuit. In addition, many homeowners policies exclude coverage from dog bites, so the umbrella policy will act as a primary policy.

If you have a teen driver at home, an umbrella policy will certainly be worth the cost. Unfortunately, even the best-trained teen drivers are three times more likely to be involved in an accident. An umbrella policy will offer you peace of mind in the event your teen is in an accident.

If you are in a profession in which you might be accused of libel or slander, it is imperative to spend the money on an umbrella policy. Umbrella policies are one of the only coverages that will offer you protection in the event you are sued for libel or slander.

If you live in the Centralia, IL area and are interested in learning more about the type of claims an umbrella policy will protect you against, please reach out to an agent at Alcon Insurance agency today.

 

What is covered with condo insurance?

If you are in the Centralia, IL area, one of the best long term investments that you could make would be the purchase of your own home. For those that want to own real estate, buying a condo could be a good option as it will often come with fewer maintenance obligations. If you do own a condo, getting condo insurance could be a good option as it will provide you with a lot of protections.

Provides Liability Protection

One advantage of having condo insurance is that it will provide you with liability protection. You could be found liable if someone is injured in your home or if a leak in your home causes damage to another unit in your condo building. When you have liability insurance included in your condo insurance policy, you will receive coverage for these risks. Most condo association boards also require that you carry this type of insurance at all times as it will provide protection to all other unit owners as well.

Protects Your Assets

A condo insurance policy will also provide you with protection for all of your assets. When you have condo insurance in place, it will provide you with protection in the event that your home is damaged by a fire, storm, or any other type of loss creating event. This insurance policy can also provide you with protection for your personal belongings that you own and are under your roof.

If you own a condo in Centralia, IL, the first company that you should call to discuss your condo insurance needs is the Alcorn Insurance Agency. When you speak with the Alcorn Insurance Agency, you will be able to learn more about how condo insurance can help you and why it is a necessity. 

Does Every Life Insurance Policy Include Accidental Death?

There is a certain level of confusion that exists when it comes to Centralia, IL residents and their life insurance policies. Accidental death is one of the most commonly discussed aspects of these policies and some may make the mistake of assuming that each policy automatically includes this form of coverage.

Is accidental death coverage included in life insurance policies?

In many cases, accidental death coverage is believed to exist as an alternative to life insurance. Most insurance brokers offer the coverage packages on a separate basis. Accidental death coverage is only available to those who pass away unexpectedly because of a true accident.

Homicides, motor vehicle accidents, and bike accidents are included among this coverage. However, death that is caused by an illness or takes place due to natural causes is not. Some may decide to choose a policy that provides coverage if dismemberment occurs as well. This coverage is designed to assist those who have lost a limb. 

Will we need to buy a separate policy for accidental death coverage?

Yes. While accidental coverage can be added to the majority of life insurance policies, it is not going to be automatically included. The coverage that can be obtained with an accidental death policy may provide the necessary peace of mind for the insured in a way that the average whole life or term life insurance policy cannot. 

Those who plan on purchasing accidental death policies must school themselves on the coverage that they are actually receiving. The coverage will longer be applicable once the insured has reached a certain age (depending on the state) and cannot be used to cover a death that took place due to surgery or illness. 

Alcorn Insurance Agency is here to provide Centralia, IL residents with the assistance that they need when it comes to choosing the proper life insurance policy. Be sure to give us a call as soon as possible. 

Does Home Insurance Cover My Personal Property?

It’s important to know what is and isn’t covered with your home insurance policy. You want to make sure that all of your personal property is covered in Centralia IL. The good news is that you can work with Alcorn Insurance Agency to get the coverage that you need.

A standard policy will cover four aspects of coverage. This includes your structure, your personal belongings, liability protection, as well as additional living expenses in the event that you cannot live in your home for a specific amount of time.

Within the coverage for personal belongings, it includes your furniture, clothing, and various other personal items. If there is a theft, hurricane, fire, or other insured disasters, most of your personal property will be covered in your Centralia, IL home.

It’s a good idea to conduct a home inventory so that you can be sure that all of your personal belongings are identified. It will also give you a chance to value everything. If you have a number of expensive items, such as jewelry or collectibles, they may go above the allotted dollar amount on your policy. However, you can often add a rider to your policy so that you have the coverage for these items as well.

Other personal property, such as what may be stored off-premises, may also be included. You will want to read the fine print of your policy to find out what is and isn’t included so that you don’t get any surprises when you have to file an insurance claim.

Ultimately, you want to make sure that as much of your personal property as possible is encompassed within your home insurance policy.

Contact our independent insurance agents at Alcorn Insurance Agency today. We can review your existing home insurance policy and make recommendations on how to ensure that all of your personal property is protected.

 

 

What is Included in Your Commercial Insurance Policy?

Commercial insurance should be at the top of your list of things to purchase for your new business. Not only is it required by law, but this type of insurance will keep your business safe from property damage, injured employees, or damage to customers’ items. Finding the right insurance company in the Centralia, IL area is the first step in obtaining this type of insurance. Alcorn Insurance Agency is a knowledgeable, dependable insurance company in the area for you to consider. Another step in getting the right insurance is knowing what policy options are available to you. The most common policies are as follows.

Liability

In the unfortunate event that there is an accident among your customers, employees, or you, liability insurance will keep you protected. The most common things that are covered by this insurance are medical expenses and lawsuits or legal fees.

Commercial Auto

Do you plan on delivering goods or services to your customers? Then it is crucial that your vehicle is covered by commercial auto insurance. This policy acts in the same way that traditional auto insurance does. However, it also keeps other drivers or passengers from coming after your company if there is an auto accident. Coverage for the vehicle and employees, medical expenses, liability, collision, and comprehensive coverage are typically included with this policy.

Workers’ Compensation

If you have employees, then you need workers’ compensation insurance. Let’s say that an employee is diagnosed with a medical condition after many years as an employee, such as carpal tunnel syndrome from hours spent at a computer. Workers’ compensation will pay the medical expenses the employee will need.

Commercial Property

Accidents happen and sometimes there is no way around it. Commercial property insurance will protect your assets, building, and any other business items that are damaged.

Having insurance in the Centralia IL area is required by law. Do your research to determine which insurance company is right for you, such as the Alcorn Insurance Agency.

Are Safe Driving Apps Beneficial?

At Alcorn Insurance Agency, every agent is trained to help the residents of Centralia, IL get the best insurance coverage policy for their vehicles. There are several tools that can be used to help drivers maintain a safe driving record and keep their risk of being involved in an accident low. Both insurance companies and vehicle manufacturers offer safe driving apps that help drivers identify areas where they can improve in terms of safety and vehicle maintenance.

How Safe Driving Apps Work

Safe driving apps are used to monitor how well a person drives the vehicle. A mobile app is downloaded to your phone or another smart device. The app then syncs with a program in the vehicle’s computer. The two are constantly communicating and exchanging information. Many insurance companies use the apps to monitor how a person drives under various conditions. The apps provide them information about when a person is most likely to be driving and the length of each trip.

Do They Really Help?

Safe driving apps identify areas where a driver may need some improvement, such as speeding, hard breaking, or using turn signals when appropriate. Each month, the app provides the driver with a letter grade (A+, A, A-, etc.) depending on how well they remained in compliance with the law and practiced safe driving habits. The feedback provided helps drivers to improve their skills and keep their insurance premiums low. 

In Centralia, IL, residents can turn to the agents of Alcorn Insurance Agency if they have questions about safe driving apps and how they work. Call and schedule an appointment with an agent today to find out how you can use the apps to improve your driving skills. 

When to Consider Umbrella Insurance

Umbrella insurance is a type of insurance that a lot of people do not know much about. It is not one that is often talked about when people of insurance but it can be a very helpful type of insurance. It is not a type of insurance that is ideal for everyone but there are specific situations where considering it would be best. Here at Alcorn Insurance Agency, serving Centralia, IL, these are some of the most common reasons why we see people getting umbrella insurance. 

  • If your home or auto insurance is maxed out but does not cover the full value of your home or vehicle, you can get umbrella insurance to cover the rest of the value. 
  • If you have a lot of parties at your home where people come frequently, you may want to get umbrella insurance to give you more liability coverage in case there are any accidents at your home. 
  • If you are well known in the community or are even considered to be a semi-celebrity in your area, you may want to have umbrella insurance to protect you not only from any lawsuits that people may bring to you but also from libel or slander so you can help protect your reputation. 
  • If you simply want to have coverage that will pick up where other insurance coverages end. This is a good policy because it can cover all of the areas that other policies may not cover. 

If you think that umbrella insurance would be an ideal fit for your needs, be sure to reach out to us here at Alcorn Insurance Agency, serving Centralia, IL. We can help you find the right policy for you that will meet all of your needs while still staying within your budget. 

Why Retirement Doesn’t Mean Drop Life Insurance

When one thinks about life insurance in Centralia, IL or elsewhere, it’s generally in light of protecting one’s family and loved ones. However, as the kids move out and go to college and the home becomes an empty nest, that world to protect becomes smaller and smaller. Eventually, it’s just the spouse and the protector who, if they planned well, have put away enough assets to ensure retirement is taken care of. So why in the world would life insurance still be needed? It’s a question a lot of folks answer too quickly, getting rid of their policy and then finding out the hard way why it was a mistake.

The fact is, life remains generally unpredictable. We make go through life entirely fine only to suddenly get a fast-moving medical condition in old age. We may be in an accident no one expects. We could travel and get hurt completely randomly in a way no one ever anticipated. The point is, life happens, and people still leave this plane of existence earlier than they planned to, leaving loved ones behind with everything else that has to be taken care of. And that can be extremely expensive. According to cases seen in Centralia, IL alone by the staff at Alcorn Insurance Agency, funeral costs could reach as much as $25,000, taxes still have to be addressed on property transfer, bills have to be paid even if expected income no longer occurs, and in this day and age seniors may still have a mortgage on a home. All of those issues require ready cash available to avoid further problems after the passing of a loved one. But there are real-time, practical life insurance solutions, and Alcorn Insurance Agency can help. Give them a call to find out more today.

How to Determine the Right Amount of Home Insurance for Your Home

Here at Alcorn Insurance Agency, serving Centralia, IL, we know how important it is to have home insurance on your home. Even if you are not required to have an insurance policy to cover your home by your mortgage company, it is still one of the best things that you can do to protect your largest investment. If you know that you are wanting to have a home insurance policy, you need to make sure that you get the right coverage amounts. Use these tips to make sure you do exactly that.

  • Have enough coverage equal to the value of your home. This is the first thing to consider when you are looking at policies. If you do not have a policy that would cover the entire value of your home and your home is destroyed in some kind of accident, you will have to pay for any gaps in coverage in order to get your home rebuilt.
  • Check the value every few years. It is not enough to cover the value of your home when you first get insurance but you also need to take into account any increased value that comes over time. You should think about increasing coverage anytime there is a marked increase in your area or simply every 5 years.

Now that you know how much home insurance you really need to have, it is time to start looking at policies. You want to make sure that your home is insured as soon as possible. If you would like to get a free quote, be sure to reach out to us here at Alcorn Insurance Agency, serving Centralia, IL. We will make sure you get exactly what you need with a policy that meets your budget.