As the summer approaches, severe weather and flooding can threaten your home. If you live in an area prone to flooding, it’s important to have flood insurance. Here is a guide to choosing the right policy in Flowood, MS.
Flood Insurance Benefits
Peace of Mind
Knowing you’re protected from financial devastation in the event of a flood can give you peace of mind. Over the past few years, the weather’s been more and more extreme, resulting in costly damage to homes. The worry of not being able to afford repairs or replacements can be overwhelming. With flood insurance, you’re covered financially.
Protection for Your Home
Your home is likely to be your most valuable asset. If it’s damaged or destroyed in a flood, this insurance can help cover the costs – which can be a lifesaver if you can’t afford it on your own. An agent with Insurance Protection Specialists can help you get the coverage you need.
Replacement Cost Coverage
Many homeowners’ insurance policies only cover the actual cash value of your home. With only this coverage, you’ll only receive the current market value of your home minus any depreciation. Flood insurance typically offers replacement cost coverage. This means you’ll receive the funds necessary to rebuild your home, regardless of its cost.
Less Out-of-Pocket Expenses
If you need to file a claim for flood damage, your out-of-pocket expenses will probably be reduced with flood insurance. Most homeowners’ insurance policies have a deductible for water damage. There’s usually no deductible with flood insurance, which can save you a lot of money if you need to file a claim.
These are just a few benefits of having flood insurance in Flowood, MS. If you’re interested in learning more, contact Insurance Protection Specialists. We’ll be happy to answer your questions and help you get the coverage you need.
Most people know what life insurance is, but few understand how it works. This article will explain the basics of life insurance and how it can be a valuable tool for protecting your loved ones. We’ll also discuss some of the different life insurance policies available and help you decide which one is right for you.
What is Life Insurance?
Life insurance is a policy that pays out money to your beneficiaries when you die. Your loved ones can use the money to cover things like funeral expenses, debts, or even college tuition. It provides peace of mind that they will have the funds if anything happens to you.
How Does Life Insurance Work?
There are two types of life insurance: term and permanent. With a term policy, you choose a period for which you want to be insured – say 25 or 30 years – at the beginning of the policy. In return, the insurer promises to pay your beneficiaries a sum of money if you die during that time. The policy expires at the end of the term, and you no longer have coverage.
With permanent life insurance, a cash value grows over time. This cash value can be taken out of the policy, but it also doubles as your death benefit. Permanent life insurance policies don’t expire. You’ll continue to pay premiums until you die or decide to cancel the policy.
What Kind of Life Insurance Should I Get?
The type of life insurance you decide on depends on your personal situation and financial goals. Your age, health, budget, and assets contribute to how much coverage you need. The younger you are when you take out a policy, the cheaper it will be because your risk of death is lower.
If you have a family to support, your need for life insurance will be greater than if you are single or retired. You’ll want to factor in debt, salary, and the costs of raising children when deciding how much coverage to get.
Need Life Insurance in Flowood, MS?
Life insurance provides financial protection for your family if something happens to you. Insurance Protection Specialists can help you decide which type of policy is right for you and guide you through the application process. Contact Insurance Protection Specialists in Flowood, MS today to get a free quote.
You find yourself standing at the rental car counter having just secured a great deal on your rental car for the week. You are ready to get your family vacation started and the long line behind you is growing restless. The next thing you know, you are handed paperwork filled with confusing options for insurance. Suddenly, you are left wondering if you should sign on the dotted line.
Rental car insurance is not something that most people think about regularly. Therefore, it is easy to become confused and overwhelmed in the heat of the moment. Take the time before renting your next vehicle to learn if you really need rental car insurance in Flowood, MS or if you are covered under your existing auto insurance policy. If you need answers right away, contact Insurance Protection Specialists.
How To Determine If You Need Rental Car Insurance
A common question that insurance providers are asked in Flowood, MS is whether or not rental insurance is necessary. The first thing that you need to do is to check your current auto insurance policy. You can also call your provider to determine the type of rental car coverage that is included in your policy. If you have liability coverage and comprehensive coverage on your personal car, typically that coverage will extend to provide coverage for a rental car.
If the car that you are renting is similar in value to your everyday car on your auto insurance policy, then it is highly likely that the coverage that you already have is adequate protection for the rental. However, if you are taking the opportunity to rent a car that is usually beyond your means, like an exotic sports car, then you may want to consider investing in additional coverage.
If you are still not sure if your auto insurance policy will cover your rental, contact the experts at Insurance Protection Specialists. Give us a call today.
You’ve worked so hard to establish a business in the Flowood, MS area – the best thing you can do as a business owner is to ensure your hard work is protected. You need a high-quality commercial insurance plan, period.
Insurance Protection Specialists are experts in the field of commercial insurance. We’re here to answer your questions about coverage options and which insurance plan will work best for your business.
Commercial insurance plans allow business owners to get back to what they should be doing – running the show.
With commercial insurance, you’re not worried about any financial issues that may come from lawsuits. You don’t have to worry about dangerous weather damaging your property or inventory. If it does, your insurance policy will likely take care of it.
Additionally, commercial insurance helps business owners scale up and plan for growth. With coverage options that are designed to grow with you, you are able to plan for a bright, successful future without worrying about whether your policy will cover that growth.
There is a certain amount of risk that comes with running a business – no reason to be shy about it. It’s what most people know when they start a business, but it’s not enough reason to not pursue your dreams. You just need a trusted insurance agency that can help you plan ahead, help you to mitigate risks, protect your inventory and employees, and think about the future as you grow.
Insurance Protection Specialists are happy to help business owners in the Flowood, MS area with any commercial insurance needs. We’ve got experts in the field that can help you build a suitable plan for your business goals. Contact us today!
When the winter months start to approach Flowood, MS and other parts of the state, one of the biggest reasons for auto accidents is icy roads. When you are traveling on the icy roads this winter, make sure to keep these few tips in mind so that you are safe and accident-free.
1. Give Yourself at Least 10 Seconds To Stop
Even with the best set of tires, trying to stop on a whim with slick roads from the ice is not safe. When you are traveling and the roads are icy. Make sure there is at least 10 seconds between you and the vehicle in front of you. Should they have to slam on brakes, you need to have enough time to stop safely.
2. Drive Slower
Just because the road has a posted speed of 55 does not mean that is ideal for icy conditions. If you are traveling on an icy road, it is a good idea to keep your speed at least 10 miles slower than what is posted. Traveling on roads that are curvy and have black ice around the corner can make a fast traveling vehicle slide much quicker.
3. Brake Only When You Need To
Ice and brakes do not work well together, and antilock brakes do not work in the ice. If you are traveling at slow speeds and keeping your distance between yourself and others on the highway, you will not need to use your brakes as much. If you need to slow down or find yourself sliding, stay calm and just take your foot off of the gas to avoid overcorrecting.
Be Careful Traveling This Winter
Make sure to use these three tips when traveling on icy roads and make sure to pack your auto insurance policy from Insurance Protection Specialists today.
Are you looking for stability in your business? You are not alone. Many people are looking to insurance as a way to ensure that they have the utmost stability possible to protect their business. Commercial insurance is one way to help with this.
Insurance Protection Specialists understand the needs of business owners in Flowood, MS. Here’s how your commercial insurance policy can make your business more stable.
Commercial Insurance Assists With Steady Growth
One of the best things about your commercial insurance policy is that you can plan for your business to grow. You can consider your goals and the trajectory of your business as you speak with an insurance agent about your policy and coverage needs.
Commercial Insurance Helps You Plan for the Future
With your insurance policy, you can also make plans for changes. You do not have to keep the same policy for years to come. In fact, you can get a new policy with each change your business makes.
Commercial Insurance Helps With Workers’ Compensation
When you have a commercial insurance policy, you should also examine your workers’ compensation coverage as well. This will protect you if one of your employees is injured on the job.
Commercial Insurance Protects Your Assets
Finally, remember that your insurance protects you as the owner of the business. If somebody is injured at your business or as a result of a product you sell, your insurance can protect you from monetary damages.
Get Commercial Insurance Today
Are you trying to find the right commercial insurance policy for your Flowood, MS business? Insurance Protection Specialists can help. Contact our office to learn more about your options to protect your business.
Home insurance is there is protect one of your most valuable assets financially. The Insurance Protection Specialists serving the city of Flowood, MS would like you to know the basics of homeowners insurance. Whether you are an owner or a tenant, this information is relevant to you.
The Five Facets of Homeowners Insurance
This part of your policy protects your home and your belongings against perils. Perils are potential events that may cause loss like hail. The policy can either be a specified perils policy, meaning you only have cover for the perils you specify in the policy, or an all-risk policy covering all perils except specifically excluded ones like floods.
This portion provides financial protection from legal liability and lawsuits due to negligence resulting in bodily injury to a third party or property damage.
Medical Payments Cover
This section pays for medical bills if a guest or third party is hurt by accident on your property and requires medical attention.
Additional Living Expenses Cover
If you cannot live in your home for reasons that meet the insurance policy requirements, then this section will pay for your motel or rental bills and possibly some extra living expenses that you may incur while your property is repaired. It is usually when your home is accidentally damaged to such an extent that it is unsafe to live there.
There are other coverage options for the contents of your home not covered by the perils section and for structures not attached to the main dwelling on your property.
Depending on your requirements, cover your home as little or as much as you want in line with the value. Don’t let your home be uninsured!
Speak to the Insurance Protection Specialists serving Flowood, MS today.
If you rent an apartment in Flowood, MS, your landlord will likely ask you to buy renters insurance. You may probably be wondering why the landlord doesn’t cover your apartment as part of protecting their investment. The truth is, your landlord already has a policy protecting the whole building, including the walls, floor, and other parts of the building.
That means you’re responsible for what happens in your personal space, particularly personal belongings. Now, if your landlord wants you to have renters insurance, the policy is meant to cover your rented space. So, if it’s your first time buying the policy, here are three questions to ask yourself before settling on a renter’s insurance policy.
What is covered in my renter’s insurance?
This is often one of the most critical questions to ask as it helps you determine how much insurance to get. In most cases, renters insurance covers your personal belongings and additional living expenses if your apartment is rendered unlivable.
How much renters insurance should I get?
The amount of renters insurance to buy heavily depends on your needs. The value of your property renters insurance covers things inside and outside the home, such as a work laptop that you could leave in your car or your office. Insurance Protection Specialists recommend enquiring about different coverages in your renter’s insurance to understand your needs.
Should I take inventory of my personal belongings?
Yes. You don’t want to have trouble providing evidence that you own a specific item to your Flowood, MS insurer. Taking inventory is quite critical in determining the value and year of purchase for easier follow-up in case of damage. We recommend taking your inventory a few days or weeks before the policy purchase and updating the list every time you bring in a new item.
We can help
At Insurance Protection Specialists, we can help you understand your policy better so you can make informed decisions when buying renters insurance. If you have any questions or need further clarifications, feel free to contact our team, and we will be happy to get back to you.
Driving a motorcycle requires a special set of skills and safety precautions. Even if you have already passed your riding test, there are still safety measures to consider before you hit the road. Insurance Protection Specialists, serving Flowood, MS, has prepared this quick list to help our local motorcyclists be ready to ride.
Wear Your Helmet, It’s The Law
Proper helmet use saves over a thousand lives annually. In fact, motorcycle lifts are 29 times more likely to die in a crash than those operating a passenger vehicle. Wearing a helmet also saves billions of dollars in economic costs due to accidents. This is why the state of Mississippi requires helmets to be worn by drivers and riders of any motorcycle-type vehicle.
Wear Other Safety Gear
Keep your arms and legs completely covered. Heavy denim or leather is recommended. Footwear should cover the ankles. Gloves offer protection and better grip.
Be Familiar With Your Bike
If you have a new motorcycle, practice riding it in a familiar area before taking it into traffic. Get used to how it handles in different conditions and when encountering potential hazards. Some obstacles to look for include wet roads and potholes. Also perform regular safety inspections before riding, particularly if you’re going on a long trip. Check for gas or oil leaks, as well as tire pressure and brakes.
Mississippi Law requires all drivers to maintain minimum liability insurance. In addition to staying legal on the road, Insurance protects you in the event you are financially responsible for an accident. Minimum liability typically includes coverage for bodily injury, property damage, and personal injury.
Don’t be caught without motorcycle insurance. Flowood, MS drivers can reach out to Insurance Protection Specialists today.
Getting boat insurance is a must if you own any type of boat. The specific policy that you get will have a number of specific considerations such as the boat’s type, how often it is used, which waters it will travel, etc. But, there are two types of coverage that you can expect to have in your policy regardless of the circumstances. If you need boat insurance, give us a call today at Insurance Protection Specialists in Flowood, MS.
Damage to Your Boat
Boat insurance wouldn’t be helpful if it didn’t assist you with repairs after your boat has been damaged. There are many ways that a boat can become damaged, and many of them are covered by boat insurance. In addition to the boat as a whole being covered, there are certain components that are also covered by boat policies. If one of these is damaged in an accident or disaster, insurance can pay to repair or replace them.
Liability for Accidents
A boat that strikes or collides with something can cause a number of problems, and they’re all expensive. Your boat may cause physical injury to one or more people, or it may cause property damage to boats, docks and other items. With your boat insurance policy, these damages can be paid for by the policy instead of your having to pay for them from your pocket. The payment from insurance can include medical bills, repair bills and even legal costs for the case.
Get Covered by Boat Insurance
When you have a boat, and it isn’t covered by a boat policy, it’s time to get insurance protection for that boat. Give us a call today at Insurance Protection Specialists in Flowood, MS.