Myths about insurance for your business

When you’re running your own business, it can be complicated to navigate the insurance landscape. There’s a lot of misconception and misleading information out there. 

Here are 3 of the top business insurance myths, debunked. 

Myth #1: My home insurance will protect my home-based business

This one is one of the most popular myths that small business owners believe. After all, your small business is based out of your home – why wouldn’t your home insurance also cover your business? 

Most home insurance policies don’t cover home-based damages that may occur in your home office. Check with your local insurance agent about the best type of liability or business insurance policy you need to protect you, your home, and your business.

Some examples of items not covered by home insurance but could be covered by a business insurance policy include laptops or other physical operating equipment that may be broken; slander; or an injury that occurs on-premises. 

Myth #2: General liability insurance covers all my risks

Speaking of liability insurance – many business owners, both small and big, believe that a general liability insurance policy will cover all of the risks that they may face. 

While general liability insurance may provide comprehensive coverage, it won’t cover every claim that may arise – or against certain types of injury.

Many business owners will find that they need an additional policy to cover all of their operating functions. Talk with a local insurance agent to see what type of policy is the best fit for your business. 

Myth #3: I don’t need business car insurance since I drive my personal car

Many small business owners believe that their personal auto insurance will cover their business operations. However, many personal auto insurance policies will not cover incidents for which the automobile was used for business operations. 

Talk with your insurance agent to see if you are covered. After all, you don’t want to be denied a claim if you were using your car for business delivery and you were involved in an accident that totals the vehicle. 

When you’re ready to speak with your trusted choice in insurance, call or visit Insurance Solutions Inc. in Cullman, AL today!

Does Your Car Insurance Cover a Rental Car?

If you are getting a rental car in Cullman, AL, you may be wondering if your car insurance will translate to the rental car and if it is worth paying for the extra insurance the rental car company offers you.

There isn’t an easy answer because it will depend on what your personal auto insurance covers, what protection your credit card offers, and where you are renting the car. Before you rent a car, you can talk to your agent at Insurance Solutions Inc. to determine if your current coverage can extend to your rental vehicle.

Generally, coverage from a primary auto insurance policy does extend to a rental car. If you cause an accident when you are driving a rental, then liability insurance will pay for damages to other cars and injuries. Your collision and comprehensive coverage will also extend to the rental car. Collision coverage will pay for damages related to an accident and comprehensive will cover damage not related to an accident. There could still be some charge the rental company imposes, even with collision and comprehensive coverage, but it still helps to have that coverage in place.

Different credit cards also come with rental car insurance as an added benefit. This can take the place of your current auto policy. For this coverage to work, you will need to pay for the rental vehicle using that card. Not all coverage through credit cards is the same. Some offer primary coverage so you don’t have to make a claim on your auto insurance, while others only offer secondary coverage.

Your home or condo insurance can still cover your personal belongings if they are stolen from a rental car, but you should check those individual policies for any exclusions.

Contact Insurance Solutions Inc. serving Cullman, AL, to get a quote on auto insurance. 

Getting Motorcycle Insurance Lined Up Before Buying a Motorcycle

If you are thinking about buying a new motorcycle, it is helpful to work with your agent at Insurance Solutions Inc. serving Cullman, AL and the surrounding area. If you let your agent know the motorcycle models that you are considering, you can get motorcycle insurance quotes before going to the motorcycle dealership(s).

Motorcycle Dealers May Not Have the Best Insurance Offers

Be careful about being tricked by a motorcycle dealer into getting insurance through the dealer that may not be adequate. A motorcycle dealer is interested in selling the motorcycle. It must be insured to be taken off the sales lot. However, the insurance offered by a dealer may only protect the lender’s interests and not much else.

It is Easy to Work with Your Agent

If you take the proactive steps to get your motorcycle insurance application set up and ready to go, then all your agent needs to do is drop in the motorcycle details of the one you want to buy and the insurance can be put into place very quickly and easily.

Talk with your agent about the type of motorcycle insurance coverage that will be adequate for your needs. It may include more than the basic requirements depending on your circumstances.

It is nicer to have an agent for all your motorcycle insurance needs who knows you personally and looks out for your best interests than accepting some generic policy offered by a motorcycle dealer from some insurance company that you never talked with before.

Insurance Is Part of the Decision

The motorcycle insurance is part of the overall operating expenses for a new bike. It may differ depending on the make, model, and year of the motorcycle. It is helpful to learn about these details from your insurance agent to make a better decision.

To get a quote for new motorcycle insurance contact your agent at Insurance Solutions Inc. in Cullman, AL by calling 256-739-2329 for all your motorcycle insurance needs.

Why Do You Need an Appraisal When Purchasing Classic Car Insurance?

Classic car owners in Cullman, AL loved their vehicles and want to ensure they’re fully protected. That’s why our Insurance Solutions Inc. team has put together this short post about why you need an appraisal when purchasing classic car insurance and why this is truly a beneficial process.

Appraisals Provide Documentation of the Value of a Classic Car

For a vehicle that’s been completely restored, there’s no actual way to utilize replacement cost, as the vehicle is incredibly unique and collectible. An appraisal takes into account a variety of factors including fair market value to determine a stated and agreed amount of overall value. Simply put, classic car appraisals are important when purchasing insurance as they provide documentation of the value of a classic car.

The True Benefit of a Classic Car Appraisal

The real true benefit of having an appraisal done on your car is that you are able to determine an actual value without guessing. We know that Alabama classic car owners love their vehicles and sometimes all those hours of hard work can cause a bit of a skewed perception on what a car is actually worth. An appraisal gives you a firm value to go off of without any of the emotional involvement.

You Should Repeat the Appraisal Process Every Few Years

It is also important to note that you should repeat the appraisal process every few years. As the value of a classic car goes up, it is important to have documentation reflecting this new value. Furthermore, if you’re continuing to work on or add to the classic vehicle, you’ll want to make sure new parts and accessories are included in the final valuation.

Insurance Solutions Inc. is proud to help classic car owners in Cullman, AL with all of their insurance needs. Please contact us today to schedule an appointment or for a no-obligation rate quote.

 

3 Tips for Buying Boat Insurance in Cullman, AL

If you’ve just bought your dreamboat or other watercraft and you can’t wait to get it in the water, it’s a good idea to make sure it is insured first. Watercraft is considered a luxury recreational craft that can still succumb to unforeseen events, like fire, theft, an accident or injury in Cullman, AL. If you have a boat and you want to protect this asset, here are a few ways you can save money on boat insurance.

1. Compare Quotes

Insurance Solutions Inc. recommends reviewing two or more boat insurance polices to find the right coverage at an affordable price. Our friendly agents will go over the fine detail with you so you know exactly what coverage you are getting and how much it will cost.

2. Bundle Insurance Policies

Insurance companies love to reward loyalty. For this reason, the more insurance policies you have under one company, the more you will save on your monthly premiums. Consider bundling your boat insurance with your other policies, such as auto insurance, home insurance, and umbrella insurance, for example. If you’re happy with your current insurance provider, check out their quotes. However, you always have the option to move your policies to another insurance carrier.

3. Work with a Reputable Agent

To secure a boat insurance policy in Cullman, AL, you can work with Insurance Solutions Inc who serves this area. Our friendly, well-trained, knowledgeable staff will answer all your questions and concerns when it comes to boat insurance and help you find the right policy at the right price. Call us today!

What Does Basic RV Insurance Cover?

People who are new to purchasing RV insurance, or who are considering buying an RV in the near future, may be wondering what basic RV insurance actually covers. It is important to understand how RV insurance works and exactly what it covers during an accident or other covered incident.

RV Insurance

RV insurance works pretty much like traditional auto insurance. It covers liability and includes comprehensive and collision. Any damage to the structure or the engine is covered and if there is a theft or other issues, it will be covered as long as there is basic full coverage. Keep in mind, however, that basic coverage may not be enough for some RVs with a higher price tag. Additional insurance may be purchased to cover the difference and to cover any contents and personal belongings inside of the RV. 

Securing Good Coverage

When purchasing RV insurance, you want to make sure that you work with an insurance company that can point you in the right direction and offers insurance products that match the current need. Residents who live in or around the Cullman, AL area can depend on Insurance Solutions Inc. to provide them with the important information and details they need to make an informed choice. The agents are highly knowledgeable and can help sort through the options to make the process of finding RV insurance easier.

Call or stop by the office of Insurance Solutions Inc. serving the residents in and around the Cullman, AL area. Get the peace of mind necessary to be able to enjoy the open road and feel secure knowing that solid insurance coverage can protect from losses and other threats. 

Check your insurance before you hit the trails on your ATV

ATVs provide a lot of fun during Alabama springs and summers, and before you get out on the trails and fields it makes sense to double check your ATV insurance. The team at Insurance Solutions Inc. is proud to provide our friends and neighbors the insurance coverage that they need to protect themselves and their families. If you are an off-road enthusiast who rides on private property you may think that ATV insurance isn’t necessary. Property damage and injury can happen whether you are on public or private land in the greater Cullman, AL area, and it’s always a good idea to have adequate protection in place.

Protect yourself while having fun

If your ATV is damaged, or you or a passenger are injured while operating an all-terrain vehicle, it makes sense to have protection from any liability or damage. ATV insurance policies can help to protect you from the theft or damage of your vehicle. Depending on the policy, you may also have coverage if you or a passenger are injured. If you enjoy spending time in the outdoors riding ATVs you can increase the fun with having the peace of mind that comes with knowing that you are protected in the event of a mishap or another accident. Don’t leave yourself open to liability or other headaches caused by your ATV, meeting with an insurance agent to review your options is the smart move.

Are you wondering if you have the coverage you need to protect you and your family when you are out on ATVs? Residents who are in the greater Cullman, AL area that would like to find out more about your ATV insurance options, call or stop by Insurance Solutions Inc. today to find out more!

Can You Add Umbrella Insurance to a Supplementary Policy?

Insurance is something that takes time to fully understand and having the help of an experienced agent can make things far simpler. For those that want to add an umbrella policy to their supplementary policy, it may be beneficial to speak with an agent to find out what you can and cannot do. For those in the Cullman, AL area, the agents with Insurance Solutions Inc. can help.

For the most part, if you have any sort of policy, supplementary or otherwise, your agency is going to make sure you have the most coverage possible before you are able to add an umbrella policy. For those that do have a supplementary policy like flood or hurricane insurance, you can add umbrella coverage if you have made your supplementary policy hearty enough so to speak. You cannot take out a bare minimum supplementary policy in most cases then add a cheaper umbrella policy to get more coverage. For the most part, you are going to need to make sure your supplementary policy already covers quite a bit before you are going to be able to add an umbrella policy.

For those that do have supplementary policies, you are going to have to pay a bit more for this type of policy but if you are still not satisfied with your coverage, you can speak with an agent and find out how to add more coverage with the use of an umbrella policy. Umbrella policies are going to add extra coverage to your existing policies but there may be some hang-ups as far as what can pay out and what cannot. For those in the Cullman, AL area, the agents with Insurance Solutions Inc. can help you find the coverage that works best for you.

What is Covered by Commercial Insurance

Owning a business can be a great way to earn a living if you want to be your own boss. While there are many advantages that come with owning a business, there are also a variety of different responsibilities and factors that need to be taken into consideration. One factor that you need to consider is what you were insurance needs are. For many business owners, getting commercial insurance for their business is a necessity as it provides a variety of important coverages.  

Liability Coverage

Owning any type of business in Cullman, AL will naturally come with a lot of responsibility and potential liability. If you sell a service or product to a customer, you could be found liable if your service or product ends up making them sick or hurting them. Since this type of liability risk will always exist, it is important that you get a commercial insurance policy that includes liability insurance with it. This can help to ensure your business remains solvent even if you are sued for liability.

Protects Assets

When you own a business you will need to invest a lot of money into assets including business equipment, supplies, and inventory. Since this investment can be significant you need to make sure that your assets are properly covered by a commercial insurance policy. Your commercial insurance policy will give you coverage if these important business assets are damaged or stolen.

Having commercial insurance is a necessity for any Cullman, AL area business.  When you are looking for insurance for your business, you should speak with Insurance Solutions Inc. The team at Insurance Solutions Inc. excels at helping a business owner or manager better understand their options for commercial insurance. This will ensure that you get the right coverage for your business. 

Do I Always Need Home Insurance

If you purchase a home, you are making one of the biggest investments of your life. Because of this, you need to make sure that you are properly protecting your asset through a home insurance policy. While some people may want to save money by not paying for home insurance, there are several reasons why you need to have home insurance in place at all times.

Required by Mortgage Lenders and Associations

One reason why you need to have home insurance in place at all times on your Cullman, AL area home is that it will be required by your mortgage lender and any home association that you are a part of. Your mortgage lender will likely verify your home insurance compliance on an annual basis and could also escrow your monthly payments as it will help to protect their collateral. Your association may also want to ensure that you have insurance to confirm that you can afford to repair your home and make restitution if you are found liable for damage to another owner’s asset.

Protects Equity

Even if you do not have a mortgage or are not part of an association, you will want to have home insurance as it will help to protect your equity. One of the advantages of having a home that you own is that you can build equity over a long period of time. When you have home insurance in place, it will help to ensure this equity is properly protected. 

When you are ready to start shopping for insurance for your Cullman, AL home, you should meet with the team at Insurance Solutions Inc. first. The Insurance Solutions Inc. professionals can help you find a home insurance policy that will provide you with the right level of coverage.