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.

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. 

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 C– Covers 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!

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!

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 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!

Umbrella insurance is an additional insurance coverage that exceeds the limits of liability of the current home insurance policy that is in place. There can be several scenarios that may warrant looking into obtaining umbrella insurance. If you are in the process of searching for additional liability protection, you should learn more about the benefits of this type of coverage to help you determine if it is right for you.

Umbrella Coverage

Some instances where umbrella insurance coverage is recommended is, if you babysit in your home, if you host regular meetings at your home, or if you rent out your home to guests. Each person’s situation varies, but if you have visitors to your home regularly, and if there is an element of potential danger or possible liability in the picture, you may want to explore your available umbrella insurance options. Speak with an insurance professional about your situation and they can help you determine your needs. 

Peace of Mind

The umbrella policy will give the policyholder greater peace of mind should a covered event occur. This protection will pay for hospital bills and even pain and suffering. This keeps the homeowner from incurring losses as a result. Your insurance agent can help assess what level of coverage will protect you better now and in the future. If you live near the Collierville, TN area, check out Brock and Poole Insurance Agency. Their knowledgeable agents can work closely with you to give you the options you want and the coverage you need. 

Protecting you and your family from liability is key if you have a situation where there are people present on your property frequently. Call or stop by Brock and Poole Insurance Agency, serving Collierville, TN, to learn more about your needs and options. 

Many people own both a standard automobile and a motorcycle. However, these vehicles are each required to have their own individual coverage and there are some important reasons why motorcycles need their own insurance policy. Businesses such as Brock and Poole Insurance Agency serve the Collierville, TN area with great coverage. 

Is motorcycle insurance necessary?

Tennessee like almost every other state in the country requires all motorcycles to be insured against liability, injuries, and property damage for several thousand dollars. Proof of insurance must also be presented to police during a traffic stop, otherwise, the driver can receive traffic citations or even criminal penalties if they do not have coverage.  As a practical matter, most motorcycle owners will not be able to afford the costs of medical expenses and other costs associated with the accident without the help of insurance coverage. 

How is this different from other auto insurance?

If you have a policy on a car, that policy only protects the specific vehicles listed from losses related to injuries and property damage. This policy does not carry over to a motorcycle as well and an insurance company needs to be contacted to ensure that the motorcycle is covered as well. Motorcycle riders also tend to be at higher risk of severe injuries after accidents due to the smaller size of the vehicle and lack of protections for the driver, so this is factored into policies for bikers as well. 

Get help from an agent and more information

To speak with an agent about getting motorcycle insurance in the Collierville, TN area, contact Brock and Poole Insurance Agency. They will provide advice and guidance about what type of coverage is right for you.