People that live in the Collierville, TN area will have various housing options. For a lot of people in this market, renting a home is a good decision. When renting, you will have a lot of flexibility and less responsibility. While renting is a good option, you need to make sure that you get the right insurance. There are various situations in which someone will need to have a renter’s insurance plan here. 

When Trying to Comply with Lease

A situation when you will need to have a renter’s insurance plan is when you want to comply with your lease. It is very common for property owners to require their tenants to carry a renter’s insurance plan. This is often a lease obligation as the coverage it provides is very beneficial and can ultimately protect both the tenant and the property owner. 

When Looking for Proper Support

You will also want to get a renter’s insurance plan when you are looking to get proper support. There are risks that can be faced when you do rent a home. If you want to be properly protected against these risks, you need to get coverage. A renter’s insurance plan gives support to mitigate your liability risk and protect any personal belongings you have. 

People that are going to rent a home in the Collierville, TN area will always want to have the right insurance coverage in place. To ensure that you do choose an ideal insurance plan here, it would be a good idea for you to call the Brock and Poole Insurance Agency. When you do work with the Brock and Poole Insurance Agency, you can learn a considerable amount about your options. The team can then help you build a plan that will offer the proper support. 

Why you can’t buy umbrella insurance by itself

Umbrella, a secondary coverage, requires a primary insurance policy first. You can purchase it once you own a home or commercial policy.

Your neighbor might mention their umbrella policy when you two talk about financial protection and whet your appetite for the same protection, but Brock and Poole Insurance Agency wants you to understand what this secondary insurance does and how it works first.

Let’s tackle the meaning of secondary insurance first. Before you can purchase a secondary policy, you must own a qualifying primary policy. A primary policy for these purposes refers to any policy that inherently includes liability coverage, such as homeowners’ or a commercial insurance policy such as a business owner’s policy (BOP). You add the secondary insurance of an umbrella policy to the primary policy to extend your liability coverage.

An umbrella policy kicks in once you have exhausted the primary policy. So, let’s say the bouncy room you rented for your child’s birthday party burst its flooring, injuring the five children playing inside. All five went to the emergency room in Collierville TN with broken bones. Ultimately, they all recover and go on to bounce another day, but your homeowner’s insurance liability coverage quickly gets eaten up, paying for their ER bills and the hospital stay of one of them that equaled $39,000. The $25,000 of liability coverage on your home policy paid for most of it, but the umbrella coverage that kicks in after the home liability pays out, so it covers the remaining $14,000. That means you pay nothing out of pocket.

Call Brock and Poole Insurance Agency serving Collierville, TN to learn more about the affordable option that umbrella insurance provides. You can enhance your liability coverage with an umbrella policy that protects you from out-of-pocket expenses.

With so many different options to choose from, the world of insurance can be tricky to navigate. Brock and Poole Insurance Agency, which serves Collierville, TN, understand that you might not know if you should buy a life insurance policy.

Who exactly is life insurance for? While buying a policy is a personal decision and not a requirement in Tennessee, you will find many reasons to consider life insurance.

Understanding Life Insurance

If you have no experience with life insurance, you first need to know what benefit it can offer. When you pay for life insurance, you pay a premium in exchange for the insurer to pay a death benefit to the individuals you specify in your contract if you pass away. Often, the beneficiary is a spouse, child, or parent.

When Is Buying Life Insurance a Good Idea?

In some instances, buying life insurance is a good idea. For example, you might have a lot of debt you could potentially pass on to your loved ones because they are joint account holders or loan co-signers. You should also consider buying a policy if there are people in your family, like a spouse, disabled relative, or minor child, who rely on your income. Finally, you might consider life insurance if you are a business owner and know that you have employees or partners who rely on you.

When Should You Get Life Insurance?

Every type of policy is different, so it is always smart to consult with an insurance agent before you buy a policy. Younger people may not think they need life insurance, but policies are often more flexible for younger people, so now may be the right time to begin your search.

Are you looking for a life insurance policy? If you live in Collierville, TN, check out Brock and Poole Insurance Agency for more information.

Are you unhappy with your current commercial insurance policy and want an upgrade? If so, please contact us at Brock and Poole Insurance Agency to learn more. We serve Collierville, TN, and will do what we can to ensure that you get the commercial insurance you want and deserve.

When to Upgrade Your Policy 

Your commercial insurance policy is likely good enough to handle most factors of your policy but may be lacking in some areas. This usually happens in a handful of different scenarios. Just a few times when you may want to change your commercial insurance include:

• After changing or adding locations 
• When hiring new employees 
• If you increased your assets 
• After expanding your service options 

You may also want to upgrade your commercial insurance if your operation goes international or if your success suddenly increases unexpectedly. Doing so will help cover your higher value and ensure that you don’t pay more money to keep your business safe.

Upgrade Options for Commercial Insurance

If you’re interested in enhancing your commercial insurance policy, there are many options available. However, just a few of the most common choices for Tennessee businesses include unique upgrades to their:

• Umbrella policies
• Enhanced liability 
• Business cessation coverage 
• Relocation insurance 

All of these unique options are worth considering if you’re planning on upgrading your commercial insurance policy. However, make sure to balance your financial needs with that of your business to avoid spending too much cash. 

We Can Help You 

Are you ready to upgrade your commercial insurance in Collierville, TN? Then, please call us today at Brock and Poole Insurance Agency to learn more. Our team will help make sure that you are satisfied with your policy’s coverage and do what we can to ensure you remain happy.

Whether you are traversing the streets of Nashville on your cruise or enjoying a breathtaking long ride through the Great Smoky Mountains, you require utmost peace of mind when it comes to your motorcycle insurance. At Brock and Poole Insurance Agency serving Collierville, TN, and its environs, we comprehend that no two motorcycle riders are similar. As a result, we offer customizable motorcycle insurance to befit your lifestyle and budget. 

Benefits of Motorcycle Insurance in Tennessee

When you purchase motorcycle insurance from us, you will enjoy the below benefits:

Liability protection

If you cause damage to other people’s property after a motorcycle accident, liability coverage reimburses for the resulting costs to cover repairs and other prevailing bills. Most insurance companies give you the liberty to take on different levels of liability coverage. Higher limits can be more expensive, but they are vital to cover you when faced with substantial liabilities. 

Compliance with law

Not only are you required to have the training to ride a motorcycle, but you must carry motorcycle insurance. Under Tennessee insurance law, motorcycle riders must carry bodily injury liability and property damage liability insurance. Liability insurance helps you to pay other people’s property damage and physical injuries.

Protection of the asset

Comprehensive and collision coverages cover the replacement of your motorcycle and repair costs if you are involved in an accident or suffer damage or loss from other covered perils like falling objects, fire, vandalism, and theft.

Payment of your medical bills

Bikers face higher accident risks as compared to other motorists. This increased risk culminates in higher injury risks. That said, you need medical payments or personal injury protection (PIP) coverage to pay for medical bills for you and your passengers resulting from a motorcycle accident.

Are you searching for motorcycle insurance in Collierville, TN and its environs? Please call or visit us at Brock and Poole Insurance Agency located for a competitive quote.

Four common myths about boat insurance in Collierville, TN

Understanding insurance policies is not always easy for most people. That’s why there are lots of myths and misunderstandings in the insurance industry. If you’re a boat owner in Collierville TN, it’s always essential that you understand your insurance policy to avoid making mistakes when filing a claim. If you purchase insurance from Brock and Poole Insurance Agency, you can rest assured to understand your policy much better, and experts here can also help you make informed choices when it comes to boat insurance coverages. Here are four common myths in Collierville, TN, that we thought you should know.

Myth1: Home insurance covers my boat

Part of this myth is true if you own a small non-motor boat. Home insurance offers limited coverage for small boats like canoes when they are stored in your home. Large watercraft like yachts cannot be covered under home insurance. You will need to buy a separate boat insurance policy to provide adequate coverage.

Myth2: Boat insurance will provide protection regardless of where I go boating

Boat insurance often comes with geographic limits. If you take your boat to new waters in a far region or on vacation, your boat may not be covered if anything happens while you’re out there. Always ask your insurer about the areas covered to avoid misunderstandings when filing a claim.

Myth3: Boat insurance is not necessary

You may think that you don’t need boat insurance, but your marina and boat finance lender may require boat insurance. Additionally, remember, just like car accidents, most boat accidents are never anticipated, so take precautions.

Myth4: I will pay more for boat insurance when there is a hurricane

Your boat insurance rates cannot increase because there is a hurricane unless you live in the coastal region— information that your insurance company already has. If your rates were to go up, they would hike from the first day you bought your boat insurance and not when hurricanes hit.

For more information about boat insurance, contact Brock and Poole Insurance Agency today!

If you live in Collierville, TN, and are looking for a new vehicle option, purchasing a motorcycle is often an ideal option. Those that do own motorcycles here will have a fun way to get around town that is also efficient to drive and operate. As you are purchasing a motorcycle you also need to think about your insurance needs. There are a few reasons why you will need to get a full motorcycle insurance plan when you are here. 

Insurance is Required by the Law

A key reason to get a motorcycle insurance policy when you are here is that it is required by state law. Those that are in the state of Tennessee will need to comply with the state law that mandates that all vehicle owners carry liability insurance. This requirement extends to motorcycle owners. If you are caught driving without liability motorcycle insurance, you will face penalties.

Insurance Protects Motorcycle

You should also get a motorcycle insurance plan because it will protect your motorcycle. Getting a motorcycle takes a big investment and is something that you should aim to protect. The best way to do this is by getting a collision and comprehensive motorcycle insurance plan. This coverage offsets the risk of loss due to a variety of situations including accidental damage or theft. 

Anyone that would like to buy a motorcycle in the Collierville, TN area needs to make sure that they are getting the right insurance coverage. If you are going to buy one of these here, Brock and Poole Insurance Agency can offer you the guidance you need to choose a plan. When you work with the Brock and Poole Insurance Agency you are going to get the support needed to understand your needs and options and then create a plan accordingly. 

Renting a home is a great option to avoid the burden of a long-term mortgage. However, you still need to protect your property from accidental damage or theft. Brock and Poole Insurance Agency in Collierville, TN, have many terrific renter’s insurance policies you can choose from to protect yourself from the financial burden caused by damage to your property in an apartment or a rented house. But not everything will be covered by renter’s insurance. If you share your home with a pet, make sure you understand what is covered by the policy.

Pets are great companions and provide many hours of pleasure. However, pets can also be destructive. You may have to deal with chewed-up rugs, furniture, or shoes, which may cost a pretty penny to replace. Not to mention if your fur baby bites someone inside your home, you may be looking at having to pay that person’s medical bills. Your renter’s policy most probably will not cover any damage to the property in your home caused by pets. Not even if it is your roommate’s property that is damaged. However, if your dog chews up your neighbor’s carpet that was stored in your apartment for some time or bites someone inside your home, you will be covered under the personal liability part of the policy.

There are, however, some exceptions to the liability coverage. Some insurers may carry certain exclusions to the costs related to legal liability if your dog is deemed an aggressive breed or if you have an exotic pet like a monkey or a snake. They may be excluded from your coverage.  

Brock and Poole Insurance Agency in Collierville, TN, can help you choose a policy that provides sufficient coverage for your needs.