Customizing Your Boat Insurance Policy

When you purchase boat insurance from Brock and Poole Insurance Agency to keep your watercraft safer on the waters around Collierville, TN, you can customize it in many ways to offer added financial protection. This blog covers the riders and add-ons you can include in your boat policy.

Other Watercrafts

Let us help you add all of your watercraft to one boat policy. You might think only of your motorboat, but one policy can also protect any jet skis, kayaks, canoes, Seadoos, or other watercraft you own. We’ll help you list all items on your policy, so they enjoy the coverage.

Riders and Add-ons

Most boat policies start as liability coverage that protects your finances if you cause an accident on the water. You can add extra coverage to the basic policy that you would to cover a car or truck:

  • collision
  • comprehensive
  • personal injury protection
  • medical

You can’t add roadside assistance to your boat policy, but you do have many riders available.

Scheduled property riders probably top the list of riders our customers like to add to their boat policies. When you add a scheduled property, such as your radar system, the insurance policy covers it with replacement value coverage. That means the insurance company pays you the cost of a new radar system if it gets damaged or stolen.

You can add anything installed to or used on your boat to your scheduled property list. That includes any computers you use on the boat, the kitchen appliances in your galley, and the furniture.

Contact Brock and Poole Insurance Agency

Contact Brock and Poole Insurance Agency for more information on customizing your boat policy. Let us help you protect your financial investment in your watercraft while on the waters of Collierville, TN.

Helmets: Not just the law, a good idea

All fifty states now require every motorcyclist to wear a helmet when riding. This seems like it should be common sense, as a human head hitting the pavement at 30 mph or faster with no protection can mean the end of your motorcycle adventures… permanently! Your Collierville, TN friends at Brock and Poole Insurance Agency want to remind you of this simple way to keep yourself safe on the road.

Why a Helmet?

You may be the most careful motorcyclist on the road. We do not doubt that, but the fact is that when thousands of motorcycles get on the road with millions of cars and trucks of all sizes, you are the smallest and most vulnerable thing on the road. Defensive driving is the order of the day when you’re on a motorcycle. Make sure that you give larger vehicles a respectful berth and don’t try to zip past them – as tempting as it is and as attractive as it looks in movies. Movie motorcyclists are trained, licensed stunt performers; even then, some nasty and fatal injuries can happen.

Helmets Are Made To Keep Your Head Safe

Motorcyclists will often grumble about their helmets – after all, don’t you ride a bike to feel the wind in your hair? But if you search “motorcycle helmet damage” on the internet, you’ll quickly see pictures of helmets damaged or split apart by impact with the road that saved their riders’ lives. You want to wear a helmet because a concussion will heal over time, but death is quite a bit more challenging to overcome.

Give Us A Call

Brock and Poole Insurance Agency in Collierville, TN is here to help you with your insurance needs. Call or come in today for an estimate.

Four Benefits of Renters Insurance

Renters’ insurance can cushion you against unpredictable events such as theft or liability claims. As a Collierville, TN, resident aspiring to rent an apartment, it’s vital to understand that renters’ insurance doesn’t cover the structure you are renting or leasing. However, it may cover additional enhancements and alterations, such as room partitions or built-in bookshelves.

Buying the right renters’ insurance from Brock and Poole Insurance Agency is instrumental because it shields you and your assets. After all, your landlord is not responsible for damaging your belongings if a calamity such as a fire. Please get in touch with our sales agents today if you are ready to get started with renters insurance.

Benefits of renters insurance

Unluckily, most tenants don’t bother buying renters’ insurance because they think it’s not a worthwhile investment or they believe their landlord’s insurance cushions them. Knowing that renter’s insurance protects you and your personal property is imperative. Renter’s insurance is beneficial in the following ways:

  • Assets protection: Renter’s insurance covers your clothing, electronics, and other personal items against covered risks. This means you don’t start from scratch when disaster strikes. Renter’s insurance safeguards your assets at home and when away from your residence.
  • Liability protection: Do you like hosting events like parties in your rented apartment in Collierville, TN? Are you an owner of a given pet which can bite? These events and pet ownership might attract liability claims. And if such cases crop up, you will be thankful if you had invested in renter’s insurance. Renter’s insurance covers liability claims when accused by third parties.
  • Covers loss of use: If your home becomes unlivable due to a covered peril, your renter’s insurance kicks in and caters to additional living expenses like hotel bills incurred as your dwelling undergoes repairs.
  • Peace of mind: Renters insurance helps you live a worry-free life because the things that mean the most to you are well-covered.

Are you searching for affordable renter’s insurance in Collierville, TN? Please call or visit us at Brock and Poole Insurance Agency to get more information about renter insurance.

Four Facts You Must Know About Umbrella Insurance

The truth is, nobody is perfect. Your conventional insurance policies aren’t excellent either, hence the need for umbrella insurance. Umbrella insurance is that additional liability coverage that steps in when your other liability policies deplete. If you get sued for damages exceeding your car, home, or your other policy’s liability limit, umbrella insurance steps in and pays what you owe. Unfortunately, umbrella insurance is the most misunderstood policy. That’s why we at Brock and Poole Insurance Agency are here to shed some light on facts you must know about umbrella insurance.

It doesn’t exist on its own

Umbrella insurance isn’t a stand-alone policy. It rides on other existing policies like a boat, home, auto, or business insurance. In that regard, umbrella insurance is pretty affordable.

Umbrella insurance is for everyone.

There is a misconception that umbrella insurance is for the super-wealthy only. While umbrella insurance protects your assets, there are other reasons you should invest in it. For example, everyone is at risk of being sued, and umbrella insurance protects you when these lawsuits come knocking your way.

Umbrella insurance is liability coverage.

Umbrella insurance protects you from liability risks. This means umbrella insurance protects you when accused by third parties. Better yet, umbrella insurance covers you against lawsuits. And because legal costs like attorney fees or settlement claims can be expensive, you need umbrella insurance to take over when the underlying policy runs out.

Since umbrella insurance is liability coverage, don’t expect it to cover you or your assets. For such losses, you must seek compensation from the underlying policy.

Umbrella insurance provides broader coverage.

Umbrella insurance protects you from other claims that could not be in your typical liability policies. For instance, umbrella insurance covers you when accused of defamation, false imprisonment, or slander — these personal liabilities aren’t covered by conventional liability policies.

Umbrella insurance in Tennessee

Umbrella insurance is for everyone looking to protect their savings and assets. Are you looking for umbrella insurance in Collierville, TN, and its environs? Please call Brock and Poole Insurance Agency for an affordable quote.

What is Hybrid Life Insurance?

Hybrid life insurance is a combination of whole and term policies. You subscribe for a certain period like the latter policy. Yet, you can also cash out accrued assets, similar to whole life insurance. 

Who Uses Hybrid Policies?

Generally, a hybrid policy is helpful to older adults in the Collierville, TN area. It contains a long-term care rider to help cover the costs of daily support or assisted living centers. Further, hybrid insurance offers shorter terms. 

Why do you Need Assisted Living Assistance?

According to the subject matter experts at the Brock and Poole Insurance Agency, the average annual cost of assisted living center residency is over $100,000. Term life insurance doesn’t cover these fees. For some, the only way to handle the costs is to convert their policies into long-term care benefit plans. 

You don’t have to do this with a hybrid life insurance policy. Long-term care is built into the program, along with preventive medical care. 

Payments and Death Benefits

Like a whole life policy, insured individuals can cash out accrued investments to handle long-term care issues. In doing so, they reduce its death benefits. In other words, adjustments are made to the amount of burial and debt payments. Thus, policyholders should carefully consider what assets they want to remove from the insurance program. 

For some Collierville, TN residents, hybrid life insurance might be a confusing concept. Therefore, they shouldn’t purchase a policy without a firm understanding of its benefits. Those with questions should reach out to insurance firms with extensive knowledge of life insurance programs—for example, contact the Brock and Poole Insurance Agency representatives for answers to your questions. 

Protect Your Livelihood with Commercial Insurance

Insurance of any kind is protection from financial loss. We insure our homes, our health, and our vehicles. But do we need to insure our business? The answer is "yes." Contact the insurance professionals at Brock and Poole Insurance Agency of Collierville, TN to explain further why your business should be insured.

Most states require small businesses to have insurance to protect them from financial loss. Without it, the business risks:

  • A lawsuit if an injured customer gets hurt at your business
  • A fire destroys your inventory or building
  • A computer with a client’s personal information is stolen

Your employees are also protected. Most states require workers’ compensation insurance to cover injury or illness. It will provide benefits for missed wages and medical care.

Business insurance also protects your customers. A Business Owner’s Policy protects your business from:

  • Bodily injury
  • Personal and advertising injury
  • Product liability
  • Property damage

Business insurance also helps to communicate that you care about your employees and customers. Also, some contracts between a business and a potential customer may require insurance.

A potential employee looks for the right benefits before accepting a position. A business without insurance could miss out on attracting and retaining the most desirable employees.

Management liability insurance covers the CEO or key person who runs the business in the event of a costly lawsuit. Also, most states have some weather events that can cause a natural disaster, such as a tornado or hurricanes.

 Every company can face legal issues. Business insurance helps to defray the costs, which can be extensive.

Protect your business and your peace of mind. Contact Brock and Poole Insurance Agency’s professionals today to ensure your livelihood is protected. You will be glad you did.

What happens if I outlive my life insurance policy?

As people live longer and longer, it’s not uncommon for someone to outlive their life insurance policy. So what happens if this happens to you? 

First, it’s essential to understand that certain life insurance policies have a finite period. So, if you purchase a policy at Brock and Poole Insurance Agency in Collierville, TN when you’re 30, the policy will most likely expire when you reach age 95 or 100. Of course, this also depends on the type of policy you have. 

If you outlive your life insurance policy, the insurer Brock and Poole Insurance Agency will no longer have to pay out a death benefit to your beneficiaries. However, you will still be responsible for paying the premiums. So, if you can’t afford to pay the premiums, you may have to cancel the policy. 

Some life insurance policies have a "cash value" component. This means that a portion of your premiums goes into a savings account you can access while alive. So, if you outlive your policy, you can still access the cash value at Brock and Poole Insurance Agency.

You can also consider purchasing a whole life policy. Whole life policies don’t expire but have much higher premiums. 

Finally, you can purchase a larger policy. This will obviously increase your premiums but will also give you a larger death benefit. 

If you have any questions about your life insurance policy at Brock and Poole Insurance Agency or are concerned about outliving it, be sure to contact your insurance agent. They can help you understand your policy and ensure you have the coverage you need.

5 Things You Didn’t Know About RV Insurance

It’s no secret that RVs are a popular way to travel. In fact, in recent years, RV ownership has exploded in popularity. However, many people don’t realize that RV insurance is a must. Just like your car, your RV needs to be adequately insured to protect you financially in an accident. Here are five things you didn’t know about RV insurance.

1. Replacement, Actual Cash, and Agreed Value Differ

The first thing you need to know is that there are three types of RV insurance coverage – replacement, actual cash value, and agreed value. Replacement cost coverage will pay to replace your RV with a new one of a similar make and model if it’s totaled in an accident. Actual cash value coverage will reimburse you for the depreciated value of your RV if it’s totaled. Agreed value coverage is similar to replacement cost coverage, but you and your insurer agree on a set amount that your RV is worth before purchasing the policy.

2. RV Insurance Is Different Than Auto Insurance

While RV insurance may seem similar to auto insurance, some key differences are actually. RVs are considered "recreational vehicles" by insurers, which means they typically fall under different coverage rules than regular cars. Additionally, RVs are often equipped with unique features that need to be insured separately, like awnings, slide-outs, and generators.

3. Part-Time RVers Need Insurance, Too

If you only use your RV occasionally, you might think you don’t need insurance. However, that’s not the case. Even part-time RVers need to have adequate insurance coverage in place in case of an accident. If you’re found at fault in an accident, you could be held liable for damages – and that’s where RV insurance comes in.

4. You Might Need Specialized Coverage

Depending on how you use your RV, you might need specialized coverage. For example, if you use your RV for business purposes, you’ll need commercial RV insurance. If you take your RV overseas, you may need to purchase foreign travel insurance. And if you’re an avid RVer, you might want to consider a full-timer’s policy, which provides coverage for those who live in their RVs year-round.

5. You Can Insure Personal Belongings, Too

RV insurance doesn’t just cover the vehicle itself – it can also cover your personal belongings. If you have items like jewelry, electronics, or sports equipment in your RV, they may not be covered under your auto insurance policy. However, you can usually add them to your RV insurance policy for an additional premium.

If you’re an RV owner, it’s important to understand the ins and outs of RV insurance. Brock and Poole Insurance Agency in Collierville, TN can help you find the right policy for your needs. Give us a call today to get started!

Why Do You Need Boat Insurance?

If you own a boat and enjoy spending time in the water, you may be wondering if you need to have insurance for it. Though you may not want to spend the money on insurance, that may be a mistake. 

Here are some reasons why you should get boat insurance.

It will protect you and your family if someone is injured while they are out boating with you. It will pay for their medical bills if they end up seeking medical attention. It will also pay for any legal fees that you may face if you get sued over the incident. 

If your boat is quite expensive, you may want to look into collision and comprehensive insurance. This will help cover the cost of fixing your boat if you are ever in an accident. It will also cover theft and vandalism, as well as damage due to storms. 

Your insurance will also cover your expenses if you are in an accident with someone who isn’t insured (or doesn’t have enough insurance). Uninsured and underinsured boater insurance will cover your medical bills and repairs if you are involved in an accident that was not your fault. 

It can be a mistake not to have insurance for your boat. You could be held liable for any medical bills if someone gets injured while out boating. It may also cover repairs to fix your boat if you are in an accident, or it gets vandalized (or even stolen)! 

If you are wondering if you need boat insurance, don’t hesitate to contact us today at Brock and Poole Insurance Agency in Collierville, TN. 

Why do motorcycle owners in Tennessee need to have motorcycle insurance?

Those that live in the Collierville, TN area will need to have a mode of transportation to get around the community. One option to consider is to invest in a motorcycle, which is both fun and efficient to drive. If you have a motorcycle, you should make sure that you have the right insurance plan in place to receive proper coverage. A full motorcycle insurance plan should be considered a necessity for various reasons. 

Comply with Legal Requirements

An important reason to have a motorcycle insurance plan when you are in Tennessee is so you can comply with any legal requirements. Those that are going to ride a motorcycle in this state need to have liability insurance. Further, if they have a loan out against the motorcycle, they need to have a full plan with comprehensive coverage. A motorcycle insurance plan can ensure compliance with these requirements.

Receive Valued Coverage

You also should have a motorcycle insurance plan in Tennessee to ensure you are properly covered. With a full plan, you will have the coverage needed to replace or repair your motorcycle if there is an accident. Further, motorcycle insurance will provide you with liability insurance, which will be helpful if you cause an accident and need to cover any damages.

Owning a motorcycle can be a good transportation option for people that reside in the Collierville, TN area. Along with your decision to purchase a motorcycle, you also need to spend time assessing your motorcycle insurance needs. People that reside in this area and need coverage should speak with the team at Brock and Poole Insurance Agency. Those that are going to purchase a motorcycle here will find that Brock and Poole Insurance Agency can help answer questions and help you build an ideal plan.