How Does Home Insurance Actually Work?

Posted on December 13, 2017 by admin

Do you really understand how your homeowner’s insurance works in Collierville, TN? If not, don’t worry, you aren’t alone. However, it is a good idea to learn more about your policy to ensure you know what to do and what to expect if you ever have to file a claim.

Here you are going to learn more about a filing a homeowner’s insurance claim after a theft and what you need to do.

The Prevalence of Thefts and Burglaries

According to statistics from the FBI, there is a burglary or theft every 14.6 seconds in the U.S. If this happens, you need to know what to do to file an insurance claim and what to expect.

Always Be Prepared

While no one expects to have their home robbed, it is something that happens from time to time. This is why it is so important to save all your receipts and find a way to document your purchases. If you do have to file an insurance claim, having this information is much easier.

A great way to document what you own and what you have in your home is to take a picture and create an inventory checklist. You can even create a video documenting your possessions. This will be invaluable if you must file a claim after a theft with your homeowner’s insurance.

Steps to Take After a Theft

If you experience a theft, you need to contact an agent at the Brock and Poole Insurance Agency to let them know what happened. It is a good idea to file a police report and make sure you document any damages to your home’s structure. Your insurance agency may launch an investigation prior to providing you with a check for your losses.

Your insurance company in Collierville, TN will help you with the process and ensure you know what to do to receive compensation. More information on how home insurance works can be found by contacting experienced agents at Brock and Poole Insurance Agency.

3 Reasons to Purchase Commercial Insurance in Collierville, TN

Posted on November 13, 2017 by admin

Each business is different and therefore will have different insurance needs. However, there are a few general reasons why you need to invest in commercial insurance from Brock and Poole Insurance Agency serving Collierville, TN. When you learn what these reasons are, you will understand why this investment is so important.

To Protect Your Business

If you are like most people, your business is your livelihood. As a result, you need to make sure that you have a means to protect it. For example, if someone were to fall at your business and suffer a traumatic brain injury, and it was determined that the fall was the result of your negligence (in some way) you would then be liable to pay for their medical bills and other legalities. If you don’t have commercial insurance, this could ruin you. However, with insurance, you have a way to pay a lawsuit and stay afloat.

To Protect Your Employees

Any good business relies on its employees to keep it running. There are several types of insurance that business owners should have, with one of them being workers compensation insurance. This policy provides compensation for workers who are injured while on the job. If you don’t carry this type of coverage, your employees may begin to think you don’t care about their well-being, and this is another situation where you may be facing a lawsuit after an injury occurs.

To Protect Your Customers

If you don’t have customers, you don’t have a business. Make sure your customers are protected by having adequate general liability insurance. This provides protection for any situation where a customer may be injured or suffer damage to their property.

As you can see, there are three good reasons that you need to invest in commercial insurance. Learn more about the policies available by contacting the staff at the Brock and Poole Insurance Agency serving Collierville, TN.

I can cover damages, do I need home insurance?

Posted on October 16, 2017 by admin

If you have the funds, then you might not need to go out and buy insurance from someone like Brock and Poole Insurance Agency. The law requires that you carry auto insurance if you hope to drive, but generally speaking, when it comes to private property, there’s no law insisting on home owners carrying insurance. Indeed, many Collierville, TN homeowners opt to pay for repairs and so on out of pocket anyway in order to keep premiums low, reserving home insurance for major claims.

The question is whether or not this is a wise decision. To what extent can you cover your own home insurance needs?

When considering the costs involved in covering your own home, you have to consider not only repair costs but whether you can afford to cover a full rebuild should a hurricane or something destroy your home. An insurance provider can cover the entire cost of your home. Can you?

You also need to be concerned about liability. If a solicitor twists their ankle on your icy walkway, can you cover the legal expenses to fight their claim or the medical costs should you choose to settle?

It’s not just about whether or not you can cover damages and liability, but whether you can cover them comfortably. The cost of getting a policy in Collierville, TN with Brock and Poole Insurance Agency is going to be considerably less than rebuilding your home or fighting a frivolous lawsuit. You could save a little money in th short run by skipping insurance, but, should something happen, is that what you want to spend your savings on?

Common Commercial Insurance Myths

Posted on September 14, 2017December 2, 2024 by admin

Introduction

Business owners are so busy these days making sure they work hard to bring in profit and make their businesses grow. Because of this, it’s easy to forget about details concerning commercial insurance. These details, even if they seem to be small, can be detrimentally costly. Thus, it’s important that businesses are aware of commercial insurance myths, so they won’t be terribly surprised. With concentrating on the state of Tennessee, the following include those common insurance myths:

1. Only doctors and lawyers need to be concerned with errors and omissions’ insurance.

Again, this can be a grave mistake with this fallacy of thought. Any service provided for a fee has an E&O exposure.

2. I possess enough insurance coverage.

Every business is unique in their business needs and risks. That is why it’s important to contact a reputable, experienced, and knowledgeable insurance company to ensure you have the right amount of coverage.

3. Older agents are always more equipped.

Just because older agents may have more experience doesn’t necessarily mean they all are more knowledgeable concerning this field

4. There is no need for really small businesses to worry about lawsuits.

Many think that businesses and people with deep pockets only need to worry about lawsuits, but anyone can get sued. So, just because you don’t generate enough revenue in your business, you still have to pay the judgment ruled against you via possible garnishments and seizing of assets and bank accounts. To prevent this travesty, it’s vital to obtain the appropriate liability coverage amount. Brock and Poole Insurance Agency, located in Collierville, TN, is the one to turn to concerning your insurance needs.

5. Obtaining a Business Insurance quote shouldn’t take long.

With the brainwashing of insurance commercials and instant access at our fingertips through search engines, many tend to think that it’s quick and easy to get a business quote in minutes. However, a good insurance agent will take the time to consult with you concerning a full depths of your business and the risks associated with it.

Conclusion

If you living in the Collierville, TN or surrounding areas, Brock and Poole Insurance Agency is the one to turn to you with all your commercial insurance needs. So, contact them today, and you will be in good hands.

How much life insurance do I need?

Posted on August 28, 2017December 2, 2024 by admin

Despite the challenge of planning for life after death, many clients come to us at Brock and Poole Insurance Agency in Collierville, TN, in hopes of doing exactly that. Caring for dependents and other loved ones requires careful planning and conversations that are difficult for most. One of the most common insurance-related questions we receive is, “How much life insurance do I need?”

Because the answer is highly individual, we meet with each client face to face to discuss their current situation, their goals in purchasing life insurance, and their questions and concerns. Some of the most important things to take into consideration when planning for life insurance include:

What are your goals? What are you hoping to achieve in purchasing life insurance?
Whether you really need life insurance. If you don’t have dependents or debt, you may not need a life insurance policy.
Which debts might be outstanding upon your death if you were to pass away today, in five years, or in 20 years.
Which assets your family would have access to upon your passing, not including those they would need to keep in order to live comfortably, such as your home.
How much income is required monthly to run your current household.
How many dependents you have and how old they are.
Whether your spouse works and how much he or she earns.

By exploring your personal goals and current financial standing, we can assist you in selecting a policy that provides the comfort and security you want for your family long after you pass away. Because insurance regulations vary significantly from state to state, choosing an agent in Tennessee is important in protecting your future.

To learn more, contact Brock and Poole Insurance Agency in Collierville, TN, today!

Is Home Owner’s Insurance Necessary?

Posted on July 19, 2017 by admin

Home owner’s insurance is always something that homeowner’s need. In fact, many financial institutions require coverage for all mortgages. If you have received financing from your bank and hold a home owner’s insurance policy it may just cover the basics. Brock and Poole Insurance Agency is here to help guide through the often confusing process of determining the adequate amount of coverage for your Collierville, TN area home. Insurance needs vary for each situation and the amount of coverage required for your mortgage is likely not the full coverage that you need.

Home owner’s insurance can help to cover costs incurred by damage to your home. Depending on the policy, it will cover damage from storms and other natural disasters as well as theft and accidents. It is very helpful to have a professional insurance agent working with you to help determine which coverages are necessary and at what level. The Brock and Poole Insurance Agency is extremely knowledgeable of the needs and requirements of homeowners in the Collierville, TN area and what type of policies are best for their needs. When you work with an experienced agent you will be able to rely on their expertise and training when you are researching policies and the different scenarios that they cover.

Home insurance is something that we hope we never need, but it is also essential to have the proper level of coverage. Insurance claims can be confusing and the associated paperwork can be time-consuming. The professional agents at Brock and Poole Insurance Agency are able to walk you through the process if you do have a catastrophic event affect your home. Working with an agent can give you the peace of mind that you desire, knowing that your home is covered from unforeseen events.

In Collierville TN, Does Commercial Insurance Include Damage to Vehicles on the Property?

Posted on June 6, 2017 by admin

Brock and Poole Insurance Agency offers commercial insurance policies to local businesses in the Collierville, TN area. Commercial insurance policies are available that cover weather damage, liability, Worker’s Compensation and a variety of other events that can lead to devastatingly hard times for a business owner. Being financially secure is essential if any business is going to be a success. One of the biggest concerns for any business is damage to third party vehicles while they are on company property. Having the right type of coverage will help business owners protect themselves if an accident occurs.

In most cases, if a vehicle is hit by another car or a shopping cart while parked in the parking lot of a business, their auto insurance will pick up the cost of the damage. If a vehicle is in a company lot and is damaged by a company vehicle or a falling object or other types of debris, the company’s insurance may be responsible. While each situation is different, the company’s liability policy will pay for damages that the company itself is responsible for. Keeping the property clean and free of debris as well as properly maintaining the building will help to protect against this type of damage.

Business owners who live in the Collierville, TN area can call the licensed agents at Brock and Poole Insurance Agency if they have any questions as to what their current commercial policy covers. It is important to review your policy every few years to ensure you have sufficient coverage for both liability and property damage. If an accident does occur on company property, notify your insurance agent immediately so they can take charge of the matter.

Proof of Insurance Requirements for Tennessee Drivers

Posted on May 23, 2017 by admin

If you drive in the state of Tennessee, you must have a minimum amount of auto insurance, and you need to provide proof that you have a policy in place. You need to at least have liability coverage to be legally insured, but there are other options available if you want to pay for additional coverage.

State Minimum Auto Insurance Requirements

If you’re a resident of Tennessee, then you must have a minimum amount of liability insurance that will pay for any injury-related costs. These include:

•   At least $25,000 for every injury or death during an accident
•   At least $50,000 for all injuries or deaths that have resulted from an accident
•   At least $15,000 in property damage coverage for every accident

There are additional coverage options available, so it may be advisable to pay the extra cost to be protected against any additional liabilities. Be sure to talk to someone at Brock and Poole Insurance Agency in Collierville, TN to find out what sort of options you have available. We would be happy to discuss your auto insurance needs, and we can find a plan that will meet your needs and fit your budget.

Providing Proof of Insurance in the State of Tennessee

Aside from having an active insurance policy that meets state required standards, you must have proof that you have a policy in place, and you must present it to a law enforcement if you’ve been pulled over. You must also provide it if you’ve been involved in an accident that you’re required to report. According to the state of Tennessee, the following documents are considered to be valid proofs of insurance:

•   Insurance ID card
•   Insurance binder
•   Policy declaration page

If you aren’t sure about what you need to provide proof of insurance according to Tennessee State Law, then you need to talk to an agent at Brock and Poole Insurance Agency. We’ve provided for the insurance needs to Collierville, TN for a long time, and we can answer any questions that you may have about your auto insurance policy.

Is It Time to Update Your Home Insurance Policy?

Posted on April 21, 2017 by admin

For many Collierville, TN homeowners, the only time they ever look at their home insurance policy is when they first purchase or rent the property. If you settled down and raised your family, it may have been twenty years since you last reviewed your policy and what it does and does not cover. Brock and Poole Insurance Agency. wish to remind you that sitting down with your agent isn’t simply an opportunity for us to sell you something, but a chance to ensure that you are protecting your investments, family, and lifestyle that has surely changed over the decades.

Review the Assessed Value of Your Home

When you bought your mortgage, your home was possibly worth half or less of its current potential sales price. While it may save you cash on property taxes if your city or town has not recently assessed your property, if it was damaged in a fire or storm, a below market assessment and insurance policy could result in an insurance payment that is unable to fix your home. With real estate values on the increase across the nation, this is a good opportunity to protect your most valuable investment.

Valuable Possessions May Benefit from Itemization and Inventories

Over time we often replace our bargain basement set of dishes with elegant stoneware or china. Dime store posters are discarded in favor of artwork. Collectibles begin to inhabit glass cabinets and even wall safes. Will your twenty-year-old insurance policy replace unique items at their full value, or will they be considered at the time of a claim as less valuable due to their age? You might want to include full value replacement when you update your policy.

Your agent at Brock and Poole Insurance Agency looks forward to helping you find the coverage you truly need for your Collierville, TN home.

Get Your Car Ready For Spring and Summer!

Posted on March 15, 2017 by admin

Winter is over. We’re onto spring and summer. It’s time to trade out your jacket for a t-shirt. You need to prepare for warmer weather, and your car does too, but how? What can you do? Here are a few ways to get your car ready for rain, storms, and extreme heat:

Rotate your tires
Replace your tires, if needed
Replace your air filter
Make sure your wiper blades are ready for rain
Check your air conditioner
Review your auto insurance coverage

You’ve probably heard of most, but not all of these before. The last one seems to slip many car owners’ minds. Spring is the perfect time to review your auto insurance coverage. Thunderstorms, hail, and rain are around the corner. You want to be covered if you’re caught out in the open. When you’re looking for insurance in Collierville, TN, look no further than Brock and Poole Insurance Agency.

Brock and Poole Insurance Agency is based in Tennessee and serves Tennessee and Mississippi. They’re an independent insurance agency that sells several lines of insurance at competitive, affordable prices. The agency is a reputable member of Trusted Choice, an online marketing service that helps customers and insurance agents find one another. Their agents pride themselves on their customer service. They’ll be by your side from start to finish, and they’re independent, not captive agents. This means they can work with several insurance companies at once. When you want a new insurance company, you don’t have to find a new agent.

Brock and Poole will help you find the right coverage for the right price. When residents of Collierville, TN need auto insurance, they turn to Brock and Poole. You should too. Give them a call and get your quote today!

Brock and Poole Insurance Agency, Inc.

Request A Quote

Insurance Blog