Why should I get renters insurance in Tennessee?

When moving to the Collierville, TN area, renting a home can be a great option. Those that are renters here typically do not have the same responsibilities and will also be able to enjoy the flexibility that comes with not owning a home and having a long-term mortgage. If you do choose to purchase a home here, you do need to get the right insurance. There are several reasons that you should get a renters insurance policy when you are here. 

Insurance Gives Important Coverage

One reason that you need to get renters insurance when you are here is that it will give you very valuable coverage and protection. When you get renters insurance, the policy will offer you liability protection and can protect all of your personal assets. If you ever experience a loss or are named a responsible party in a liability claim, the renter’s insurance policy could save you considerably.

Insurance is a Lease Requirement Often

When moving into any new home in this area of Tennessee, you also need to review your lease to make sure that you comply as well as possible. One part to pay attention to is the section that discusses insurance requirements. Most of the time, the landlord will require that you maintain a full renters insurance policy during the lease term. 

In the Collierville, TN area, all people that are going to rent a home should spend time thinking about their insurance needs. When you are looking for your next renter’s insurance policy, you should reach out to the team at Brock and Poole Insurance Agency. Picking the right policy can be complicated and confusing. The insurance team at Brock and Poole Insurance Agency can help by assessing your situation and building you an appropriate policy. 

How can an umbrella policy protect me in Collierville?

In the Collierville, TN area, it continues to be very important for all people to spend time carefully considering their personal liability risks and insurance needs. One form of insurance that people in the Collierville area should consider getting is umbrella insurance coverage. When you get this type of insurance coverage, it could end up protecting you in a variety of different ways. 

Coverage for More Scenarios

One of the advantages of getting umbrella insurance is that it can provide you with coverage for more scenarios. Life is full of unexpected situations, some of which could result in accidents that you are deemed liable for. Unfortunately, these will not all be covered by a home or auto policy. Fortunately, you can provide yourself with peace of mind and ore coverage if you get an umbrella policy.

More Coverage

An umbrella insurance policy can be a good idea because it could provide you with more coverage on top of your base policies. If you have a home or auto policy, there is always a chance you could be at fault for an accident that has damages that exceeds your policy limits. With umbrella protection, you will get coverage on top of these base policies. 

There are several ways that a quality umbrella insurance policy can protect someone in the Collierville, TN area. If you are looking for a new insurance policy in this area to ensure you have proper personal liability coverage, you should reach out to the team at the Brock and Poole Insurance Agency. When you call the Brock and Poole Insurance Agency and discuss your personal liability insurance needs, you can be assured that you will be in great hands. The team will be able to assess your situation and personal risks to ensure you are properly covered at all times. 

How does life insurance work?

Death and taxes are commonly considered the only definite aspects of life. It is best to be prepared for both. Taxes in Collierville, TN are sometimes unpredictable. You can, however, ensure that your family is ready for the inevitable by purchasing a life insurance plan from Brock and Poole Insurance Agency. 

What is life insurance?

Life insurance is an indemnity plan that financially secures your final expenses and, depending on your policy, other costs related to the continued stability of your family unit. Many individuals who serve as the breadwinners of their homes purchase enough life insurance to fully support those they leave behind in the event of death. 

How are premiums calculated?

Most insurance companies in Collierville, TN calculate life insurance premiums by considering the applicant’s age and health. Some companies also use annual salary to determine the risks associated with insuring a candidate and adjust monthly payments accordingly. 

Those in good health who apply for coverage before the age of 45 may enjoy the benefits of lower premiums. Even those with good health, though, may find themselves paying more for coverage if there are chronic illnesses present in the family’s history. 

What are the different types of life insurance?

There are essentially three types of life insurance policies available for consumers:

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance

Term life insurance is often the cheapest option because of its limited benefits. Policyholders cannot borrow against the equity of their policy with a term life insurance plan. You are, however, guaranteed coverage if you pass away within the term of your plan. 

Whole and universal life insurance policies offer fringe benefits that policyholders can enjoy while living. In fact, whole coverage is often valued above its term and universal alternatives because of its ability to accrue interest with every monthly payment. Policyholders can borrow against this interest for vacations or emergency expenses while maintaining the benefit of whole life insurance that pays for final expenses upon their passing. 

Life insurance is anything but an option. You need an indemnity plan that helps your family maintain financial stability when you are gone. Call the agents at Brock and Poole Insurance Agency today to find the right life insurance policy.

Questions To Ask Yourself Before Buying Commercial Insurance

Whether you have been running a business in Collierville, TN for a while or you are opening up a new company and you are looking for commercial insurance, there are certain questions you need to ask yourself. Asking and answering these questions will help you not to make a mistake and get the right policy: 

1. What business risks do I face?

Analyze your business activities, employees, resources you can rely on, customers, and then think about everything that can go wrong. Think about what you can be liable for, things you cannot operate your business without, and the assets you want and need to protect. 

2. What type of commercial insurance do I need? 

There are several types of commercial insurance available. They are Public Liability Insurance (coverage against the legal costs for claims of property damage or injuries), Professional Indemnity Insurance (protection of businesses providing professional service or specialist advice), standard business insurance (damage losses to a business due to an unexpected event), cyber liability insurance (protection against data breaches), Management Liability Insurance (protection against mismanagement, legislative breaches, and misconduct), Tax Audit Insurance (professional fee coverage for accountants and bookkeepers), and Personal Accident and Illness Insurance (loss of income coverage due to illness). 

3. How much coverage do I need? 

Since every business is unique, there is no fixed answer to this question. However, the most important thing to remember is that you should at least comply with the minimum legal requirements of the state of Tennessee. 

If you have answered all these questions and you are ready to purchase commercial insurance, Brock and Poole Insurance Agency serving Collierville, TN will able to assist you in getting needed assistance. Do not hesitate to call Brock and Poole Insurance Agency and speak with one of our experienced agents. 

Is Home Insurance Required in Tennessee?

So, you just purchased a new home or you’re thinking about buying your first house in Tennessee – great! You may wonder if you are required to have homeowners’ insurance. Read on and talk to an expert at Brock and Poole Insurance Agency of the Collierville, TN area to gain clarity on this matter.
Tennessee Home Insurance
Though the state hasn’t made home insurance mandatory, most mortgage lenders do require that you have a policy. If you don’t get insurance, your mortgage may be taken away. It’s in your best interest to take care of this before you close on the house.
Benefits of Home Insurance
Homeowners’ insurance is on the expensive side though of course, you can shop around for something that’s within your budget. Only get the level of coverage that makes sense for your home and unique situation. This makes a big difference since you’ll know exactly what’s involved in your policy and even may be eligible to bundle policies, such as auto and home, among other types.
Additional Coverage May Be Necessary
If you have valuable possessions, it’s a good idea to look into your options for additional insurance such as a personal belongings insurance policy. This would cover replacement and repair costs up to a certain amount if they are damaged due to a fire, storm or some other natural disaster, or if they’ve been stolen. The more pricey items may not qualify for full replacement cost so it’s important to see if you may need an insurance rider for the extra coverage.
Learn more about home insurance and all its particulars by talking to a professional. Reach out to Brock and Poole Insurance Agency of Collierville, TN and beyond today.

Why am I required to have auto insurance in Collierville TN?

Car insurance is not something to take lightly, and for most people, it one of their most significant expenditures. Having a minimal amount of car insurance is required everywhere in the country, and its rules and enforcement are left in the hands of the state. If you are in the Collierville, TN area, consider consulting with Brock and Poole Insurance Agency to fulfill your insurance requirement.

It’s about liability

Since most people in this country drive, tragedies inevitably happen, and besides covering costs for either party, the requirement to have insurance is about liability. In many areas, the most important aspect is bodily injury and property damage, which the state sets a certain minimum for drivers to have. By the time you have a license and your vehicle registered, you should already know this.

Even if no law were set in place, it would be likely you need auto insurance anyway. For example, When you purchase a vehicle with monthly payments, it is likely the bank or dealership will require you to have a minimal amount of coverage. This is because your vehicle is still considered an investment, and third parties will want to have it protected until it’s paid off.

If there were no requirements in place, we would have to hope that most drivers would have the financial means to cover the costs in the event of an accident. Realistically speaking, that just won’t happen. There are more benefits than just fulfilling your legal requirement. You also are covering your assets and protecting passengers in your car when you have a fully-featured auto insurance policy.

Wrapping Up

Not everyone likes the process of purchasing auto insurance, but it is a necessary part of society, and legally required as such. IF you are looking for options to cover your legal liability within Collierville, TN, consider giving the Brock and Poole Insurance Agency a call.

RV Insurance FAQs

What is RV Insurance?

RV insurance is basically auto insurance for your recreational vehicle. There are several coverage options to choose from according to your specific RV, if it is your full-time residence, if you use it for road trips, and much more.

RV Insurance Coverage Options

You can get similar coverage for your RV as you can for a standard automobile with a couple of distinct differences. Some coverage to choose from includes:

  • Comprehensive, collision, and liability insurance
  • Uninsured and underinsured motorists
  • Roadside assistance, including towing
  • Total replacement coverage
  • Emergency expense coverage
  • Vacation and campsite coverage
  • Full coverage if you live in your RV full time

Here at Brock and Poole Insurance Agency, we take the time to discuss your specific RV coverage needs and help you choose the best coverage options for your life and your vehicle.

What Types of RVs Are Insured?

There are three classes of RV insurance:

Class A– Covers luxury models up to 75 feet, such as coach buses

Class B– Covers smaller models, such as camper vans, trailers, and even cargo vans- those without a cab over

Class CCovers RV models that have a camper portion that extends over the driving portion, and typically has living, kitchen, and bathroom quarters

Is RV Insurance Required?

RV owners in Collierville, TN are required to carry the minimum liability coverage on your RV any time it is on the road. Liability only deals with damages you cause, though. You should always consider additional coverage options to protect yourself and your RV in the case of damages you cannot pay for out of pocket.

Stop by or give us a call at Brock and Poole Insurance Agency of Collierville, TN for all of your insurance coverage needs!

Do I still need boat insurance for non- motor powered boat?

Boats come in varying sizes, designs, and prices, especially in Collierville, TN where the majority of the population participate actively in water activities. Whether you are looking to buy a boat with a motor or not, having some form of protection is critical. It will give you some peace of mind as you go about your water activities. If you already have a boat, you can help keep it covered by buying boat insurance. So, do you need boat insurance for your non-motor-powered boat?

Boat insurance: Do I need it?

Boat insurance is designed to cover large boats that are motorized. If you own a kayak, canoe, or paddleboat, you may want to buy insurance for non-motored boats. Not all insurance providers offer this; a little research will be necessary to help you get the best out of this specialized type of insurance. You can also seek guidance from Brock and Poole Insurance Agency.

Boat insurance for small boats

A standard home insurance policy can also cover some small boats. However, the coverage is limited and may not be adequate to cover the most critical perils. While boat insurance is not a requirement in most states, there are instances where you may need to carry insurance even if your boat does not come with an engine. For example, if you did not finance the boat yourself, your lender may need some form of insurance to help compensate them in case of damage.

How are you using your boat?

The kind of activities you engage in also play a critical role in determining whether you should buy insurance or not. For instance, if you are involved in extreme water activities where your life is often in danger; you may need to get full coverage to protect you and your boat.

Are you looking to buy boat insurance? Brock and Poole Insurance Agency can help you get the most out of your coverage. Feel free to visit us at Collierville, TN today!

3 Things You May Not Know About Motorcycle Insurance

When you first take out your motorcycle insurance, you may agree to a number of terms and conditions that are a surprise to you when it comes time to file a claim. For those who want to protect themselves in Collierville, TN, here are a few uncommon facts about this type of policy that you may not realize. 

Passenger Liability Clauses 

Some people love the solitude of a motorcycle, especially if they want to take long drives without anyone else’s input. But others like to give family and friends a ride whenever they can. Sometimes the excitement is even more thrilling when someone else shares in it too. But your insurance policy may not cover passengers in the case of an accident, so you need to be careful before you let anyone else hop on. 

There Are Limits on Your Policy 

When it comes to overall liability, there are limits as to how much insurance will pay. So if you happen to have a particularly complicated filed lawsuit against you for an accident, you have to be certain you have enough liability protection to cover your defense. Make sure you know that limits on your coverage and are comfortable with them before anything happens. 

Your Carrier Matters 

Brock and Poole Insurance Agency knows what it is to help motorcycle drivers find the right motorcycle insurance. If you live in Collierville, TN, you owe it to yourself to find a company that will do more than the bare minimum when you need to make heads or tails of your coverage. Whether you’re hopping for a quote or just want to ask a few questions about your policy terms, contact Brock and Poole Insurance Agency for more information today.

Renter’s insurance provides the protection you need

Renter’s insurance can be a lot more helpful than many people think, and too many folks in the greater Collierville, TN area opt to go without this important coverage. The team at Brock and Poole Insurance Agency always stresses just how beneficial a comprehensive renter’s insurance policy can be. If you are a new renter or are just now looking into getting a policy, we are here to help!

A Few Benefits of a Robust Renter’s Insurance Policy

When you opt for a comprehensive renter’s insurance policy you can expect coverage for loss or damage to your personal belongings should a covered event occur. It is often and incorrectly thought that a renter’s items and apartment will be covered by their landlord’s policy. While the landlord will have coverage for the building itself, this is generally limited to the structure and any common areas within it. The landlord will not be held responsible for damage that occurs to their tenant’s belongings. This is why it is important to have the right renter’s insurance policy.

Should damage occur inside your unit, you will be responsible for the repair or replacement of any personal items, furniture, clothing, electronic devices, etc. Once your deductible is met, you will have coverage for the cost to remedy the damage caused by any covered event.

With the right policy, you will not need to come out-of-pocket. Perhaps the greatest benefit of a good renter’s insurance policy is the peace of mind that comes with knowing that you have the protection you need!

Is it time for a renter’s insurance policy to protect your belongings? Contact the team at Brock and Poole Insurance Agency and let us help you find an appropriate policy to help protect your Collierville, TN area home!