How Uninsured and Underinsured Coverage Works in Collierville, TN

When looking at auto insurance coverage options in Collierville, TN, you will likely see uninsured and underinsured coverage included. You can opt out of this coverage, but there are numerous reasons why you should keep this vital form of protection as part of your policy. Since we offer this type of coverage at Brock and Poole Insurance Agency, we want to give you an overview of what this type of coverage entails and why we consider it necessary for drivers.

How Uninsured Motorist Coverage Protects You (UM)

If you have an accident and the other party doesn’t have insurance, your uninsured coverage will help pay for damages regardless of fault. Tennessee is home to many uninsured drivers and drivers between insurance coverage. So, there’s always a possibility that an accident with any individual on the road can become a situation where the other party doesn’t have insurance. Your uninsured motorist coverage will give you protection against that possibility.

How Underinsured Motorist Coverage Protects You (UIM)

Even when a motorist has proper auto insurance coverage, there’s still a chance the person doesn’t have enough coverage for damages sustained in an accident. For this reason, underinsured motorist coverage can become a safety net.

For example, if you’re in an accident and your medical bills cost more than the other party’s insurance coverage can pay, your UIM coverage will help bridge the gap. This also applies to lost wages, loss of earning potential, pain and suffering, and other damages from an automobile accident.

Do You Need Uninsured/Underinsured Coverage in Tennessee?

It would be best if you considered UM/UIM coverage a necessity. You never know what you might have to deal with in the aftermath of an accident, so having these additional protections makes a lot of sense. UM/UIM adds coverage amounts beyond your policy limits, which can become very important for you and your family if an accident happens.

Contact us at Brock and Poole Insurance Agency today to learn more about uninsured and underinsured coverage in Collierville, TN.

Here’s Why You Need Commercial Insurance

Starting a business can undoubtedly be exhilarating. However, as a business owner, you may find yourself and your wealth exposed to serious threats. Fortunately, the right commercial insurance plans can mitigate at least some of the risks. If you live in or near Collierville, TN, and own a business or are considering starting one, contact Brock and Poole Insurance Agency to discuss commercial insurance policies.

Businesses Face Myriad Risks

Starting up a company all but inevitably exposes you to some threats. Often, business owners think of risks in terms of competitors in the market, trade secrets, and losing investment resources if an idea goes bust. These risks are important. However, they are not the only threats you may face.

A storm could destroy the physical buildings if you own a restaurant, gas station, or whatever else. Likewise, your business might be targeted by criminals who may destroy your property or steal your money. The right commercial insurance policies may cover some of these events.

Businesses may also be exposed to various liabilities. For example, if a restaurant serves someone food that makes them sick, the business owner could end up in court facing a civil suit. Likewise, the entrepreneur could face a lawsuit if someone falls in the restaurant because an employee mopped the floors but didn’t put up signs. The right business insurance policies may cover some of these events.

Of course, you should speak with an insurance agent to determine what is and is not covered by a specific plan. If there are gaps in your insurance policy, you may be able to fill them in with additional plans or expanded coverage.

Entrepreneurs operating near Collierville, TN should contact Brock and Poole Insurance Agency to learn more about commercial insurance coverage.

When is it a good idea to start looking for a new home insurance policy in Tennessee?

Owning real estate in the Collierville, TN area has been an excellent option for a long time. When you are a property owner, you need to have insurance for your home. There are various situations when it is a good idea to start looking for a new plan.

When Buying a Home

The first situation when you should look for a new home insurance policy is when you are buying a home. When you buy a property in this state, you will need to have insurance for it. Before closing on the purchase, you should ensure you have a solid home insurance policy in place that offers the right coverage and meets requirements. 

End of Policy Term 

It is also a good idea to look for a new home insurance policy when your policy matures. Home insurance plans tend to have a one-year term. At the end of the term, you may have an auto-renew provision, but shopping around is still a good idea. When you are able to shop around, you can save money and even get more coverage. 

Even if you do not have a policy maturing soon, it never hurts to shop around. Insurance companies have different underwriting standards, so you could find a quality plan offering reduced premiums and other benefits you would not receive if you stuck with your original policy. 

Home insurance is critical when you are in the Collierville, TN area. When looking for this coverage, you should call our Brock and Poole Insurance Agency team. Our professionals at Brock and Poole Insurance Agency can give any support to help you look for a new plan when the time comes. 

Can Roommates Each Have a Renter’s Insurance Policy?

Renter’s insurance protects individuals from risks and losses associated with covered events. Renter’s insurance provides liability coverage in addition to coverage for personal property and alternative lodging if necessary. If you would like to learn more about renters insurance, count on Brock and Poole Insurance Agency to provide the residents of Collierville, TN, with quality options.

Renter’s Insurance Coverage 

If you rent a home or an apartment, you’ll need to secure renter’s insurance to protect yourself and others. Sometimes, it may be required to reside at your location. If you have a roommate, you’ll likely need to secure a policy individually rather than share one. Before choosing your renter’s insurance policy, check with your rental agent or office to determine the requirements to live in that space.

To learn more about renters insurance and how it applies to your specific circumstances, our knowledgeable and friendly agents can help you understand more about potential policy options that work for you and how to secure the right policy. 

We can thoroughly explain the terms and conditions of each potential policy to help you understand if it’s the best choice. Once you make a policy selection, we can also assist you with submitting documentation and information to get coverage immediately. If you have any changes to your living Arrangement or need to file a claim, we’ll also offer support.

Reach Out Today 

To get started with your renter’s insurance coverage, contact Brock and Poole Insurance Agency. Call or stop by the office to schedule a consultation with one of our insurance agents. We can also answer questions about any other products or services we provide to the residents in and around the Collierville, TN, area.

Four reasons why you’ll like having umbrella insurance

It’s essential to carry umbrella insurance for total financial protection. Consumers in Collierville, TN can get the coverage they need from Brock and Poole Insurance Agency.

The following are four reasons why you’ll like having umbrella insurance.  

Umbrella insurance can reduce the stress of being a parent.

Parents need to carry umbrella insurance since parents can be held liable for damages caused by their children. Umbrella insurance reduces the liability risks of being a parent, making life less stressful for parents. 

Umbrella insurance protects you in a wide range of liability situations.

If you learn about umbrella insurance, you will see it offers protection in many situations. You can rely on your umbrella insurance to protect you whether you face a lawsuit due to auto accidents, accidents in your home, or accusations of defamation. 

Umbrella insurance offers a lot of value.

It’s impressive how much coverage umbrella insurance offers for how little it generally costs. Umbrella insurance can provide millions of dollars of coverage if you face an expensive lawsuit. At the same time, monthly premiums on umbrella insurance policies tend to be surprisingly low. 

Umbrella insurance typically protects you anywhere in the world.

Carrying umbrella insurance can be especially beneficial if you travel a lot. Umbrella insurance policies often don’t have any geographical restrictions. This means that policyholders can benefit from coverage if they get involved in a lawsuit or face a liability expense outside their home country. 

Umbrella insurance offers consumers in Collierville, TN many advantages. At Brock and Poole Insurance Agency, we can quote you an umbrella insurance policy that will keep your finances secure. Get in touch with us today!

Why Life Insurance Is Vital for Everyone

Often, life insurance policies are overlooked by those who don’t have many assets or a family or are on the younger side of life. But life insurance is a must for anyone of any age or financial situation. At the Brock and Poole Insurance Agency, we understand how overwhelming the process of contemplating and purchasing a life insurance policy can be. We work with Collierville, TN residents to find the right policy for each situation. Below is a brief overview of why you need life insurance.

The Benefits of Having a Life Insurance Policy at Any Age

Chances are, you have bills to pay and a group of loved ones that will be left paying them upon your passing. Or maybe you’re your household’s primary or sole earner with dependents looking to you to provide the essentials. Whatever your situation may be, it’s unlikely that you want to leave those you care about with additional, unnecessary stress during an already difficult time. This is where life insurance steps in.

When you purchase a life insurance policy, whether a term-life or whole-life plan, you secure the future of those you’ll leave behind. A life insurance policy ensures that no matter your age or the expenses you’ve accrued, your loved ones will have the peace of mind that comes with financial stability.

Find the Right Policy for You at the Brock and Poole Insurance Agency

As you can see, life insurance is an invaluable resource for those we leave behind. If you live in Collierville, TN, and want to purchase a policy, contact us today! We can take the stress and leg work out of shopping for insurance by presenting you with the policies that best match your needs. Reach out to learn more!

Does Tennessee Require Motorcycle Insurance?

Protecting oneself and one’s assets is paramount, especially for motorcycle owners. If you’re a motorcycle owner in Collierville, TN, you may wonder if motorcycle insurance is required. The answer is yes.

Tennessee’s Minimum Motorcycle Insurance Requirements

In Tennessee, just like owning a car, you must have minimum liability insurance coverage for your motorcycle. This coverage includes:

  • $25,000 bodily injury coverage per person
  • $50,000 bodily injury coverage per accident
  • $15,000 property damage coverage per accident

Proof of insurance must be carried with you while riding your motorcycle and presented if you are involved in an accident or pulled over by law enforcement. If you cannot show proof of insurance, you could face fines or even have your license suspended.

Coverage Options Beyond the Minimum Requirements

While the minimum coverage requirements will help you meet the legal needs to ride your motorcycle in Tennessee, they may not fully protect you and your assets in the event of an accident. Thankfully, at Brock and Poole Insurance Agency, we offer a range of coverage options beyond the minimum requirements, such as collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. The additional coverage options can help provide additional financial protection in the event of an accident.

Working with a Trusted Insurance Agent

When protecting yourself and your assets while riding your motorcycle, working with a trusted insurance agent like Brock and Poole Insurance Agency is essential. Our team of experienced professionals can help you navigate the complex world of insurance and find a policy that meets your unique needs and budget.

Contact us today at Brock and Poole Insurance Agency, serving Collierville, TN, to learn more about your options and find the coverage you need.

Three key steps to go through before you buy home insurance

Home insurance is an essential financial product that protects homeowners’ investments in their property. Before you buy home insurance, there are a few steps that you need to go through so that you make the right choice.

At Brock and Poole Insurance Agency, we’re here to assist homeowners in Tennessee. The following are three key steps to go through before you buy a home insurance policy for your home in Collierville, TN. 

Familiarize yourself with different home insurance companies in your area

There are many home insurance providers out there, among which you can choose. It’s a good idea to research the reputations and product offerings of various home insurance companies in your area to understand which one you want to purchase coverage from. 

Compile important information and documents regarding your home

When you get a quote, you’ll need to provide information about your home’s location, value, and history to home insurance providers. You’ll also probably need to provide information on the number of household members in your home and any past home insurance policies you’ve had. 

Compile any paperwork and information you have about your property so that you’re ready to shop for quotes. 

Figure out what you need in your home insurance policy

Figuring out what coverage you want your policy to include is important. Consider how much your home is worth and how much coverage you need. You should also consider whether you need added types of coverage like flood and/or earthquake insurance. 

Those who own property in Collierville, TN can come to us at Brock and Poole Insurance Agency for assistance meeting their home insurance needs. Get in touch with us for a policy quote today!

My car is old. Is full coverage insurance a waste of money?

Auto liability insurance is required to drive in every state legally. However, auto liability insurance is a necessary minimum insurance requirement. You may need more insurance depending on your particular situation. Typically, drivers who lease or finance their car will have to carry full coverage auto insurance. However, other circumstances may make it beneficial to carry more than just liability insurance. Our Brock and Poole Insurance Agency team can help Collierville, TN drivers determine the best insurance coverage for their unique situations. 

Liability vs. Comprehensive and Collision Insurance

Auto liability insurance covers damage and injuries that others sustain when you’re found at fault for an auto accident. It will not cover any damage to your car or any injuries you sustain. This insurance expressly covers damage to other people’s property, vehicles, and personal injuries. All drivers are required to carry auto liability insurance. Conversely, comprehensive and collision coverage, often referred to as full coverage insurance, covers damage to your car, your personal injuries, and damage your vehicle may sustain from non-moving accidents or situations. 

My car is old. Is full coverage insurance a waste of money?

Maybe. Once a car reaches ten to fifteen years old, it loses its value significantly. Overinsuring a vehicle, you would not be compensated for in an accident may not be the wisest way to spend your money. Typically, full coverage insurance isn’t practical once the cost of insurance is equal to or greater than the cost/value of your car if it’s declared a total loss in an accident (totaled). You may also consider dropping full coverage insurance if you can afford to pay for your car’s repairs or may opt to buy another car if your car is totaled in an accident. If you have questions regarding how much auto insurance is best for your unique situation, call us. We’d be happy to help you explore your options. 

What Does RV Insurance Cover?

Getting the correct type of insurance is essential if you plan to hit the open road in an RV. Residents living in and around the Collierville, TN, area can count on Brock and Poole Insurance Agency to provide them with the service and insurance coverage necessary to stay protected while traveling. 

RV Insurance Coverage

RV insurance protects covered individuals in the event of damage or accidental loss. For example, if there is a fire or vandalism, the insurance would cover that event and pay to repair or replace the RV. 

It also provides liability protection if the RV owner is at fault for a collision or damage-related accident. Most policies offer collision and uninsured or underinsured driver coverage. 

If you recently purchased an RV or need to acquire better coverage, our experts can help. We work with each client to ensure they get the policy protection they need while driving or parking. We can assess current and future needs and make recommendations for their lifestyles. We also assist with the submission of documents, changes to the policy, and submission of claims. 

Reach Out Today

Anyone needing RV insurance can rely on our Brock and Poole Insurance Agency team to provide them with the necessary insurance products. Our agents are ready to assist you with your insurance selection. We proudly serve the Collierville, TN, residents, allowing them access to reliable coverage and exceptional service. Call or stop by our office today to speak to one of our helpful agents and get started on the road to peace of mind by having the right coverage for your RV.