When it Comes to Auto Insurance Don’t Settle For Less

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You’ve been thinking about your life and home insurance lately, but have you thought about your auto insurance. Yes, you have liability insurance, but is it enough to cover all auto-related risks?

No matter the circumstances, you need assurance that the insurer will compensate you when an accident happens. To get the best protection, you’ll need to understand auto insurance types and how auto insurance works. It’s only then that you can determine if you’re adequately protected. 

But where do you get the correct information about auto insurance in Waldron, AR? Luckily, you have a reliable partner in The Owens Agency LLC. Here’s our advice to you.

Auto Insurance Terms

Before choosing an auto insurance policy, you need to understand the various terms used. These are the terms to assist you in knowing whether you have the best protection. Some common terms include:

Deductible: This is the amount you pay to cover losses before the insurance coverage takes over. The higher the deductible, the lower the compensation you receive. 

Coverage limit: This is the maximum compensation you’re entitled from your policy. Any amount above your limit is your personal obligation.  

Types of Auto Insurance

To know whether you’re adequately covered, you need to choose your policy wisely. Liability auto insurance coverage is not the same as comprehensive coverage. Some typical auto insurance coverages include:

Liability coverage: This coverage might not protect you and your car, but it will save your finances. It covers bodily injuries or property damage caused by your vehicle to other people. 

Comprehensive Coverage: When you want to protect your car from theft and natural disasters, this is the coverage you need. However, it might not cover collision. You need separate protection known as collision coverage.

Is Your Coverage Sufficient?

When purchasing auto insurance, you need to make sure that you’re fully covered. Do not take shortcuts or assume everything is well. Consult a reliable insurance agent for credible information about the limits of your coverage. 

Do you want an auto insurance policy that won’t disappoint you when filing a claim? Contact The Owens Agency LLC agents in Waldron, AR for assistance.

An Intro to Trucking Insurance

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The commercial auto policy owned by your interior design consultant varies vastly from the policy carried by a trucker whether short-haul or long-haul. The Owens Agency LLC serving Waldron, AR wants you to understand how commercial auto differs from commercial trucking insurance.

Driving a big rig or 18-wheelers also get called, requires a higher form of commercial auto insurance than other vehicles. The minimum mandatory required insurance includes a full coverage policy to which most states add more than ten policy types.

What does a trucking commercial insurance policy include?

The typical trucking insurance policy consists of coverage that provides for reimbursement for damages when the truck is parked, used for personal reasons, or used for business purposes. Full coverage for a trucking insurance policy includes:

  • Bobtail/deadhead coverage,
  • Bodily injury liability coverage,
  • Collision coverage,
  • Comprehensive coverage,
  • Contingent liability coverage,
  • Employers liability coverage,
  • Hired auto physical damage coverage,
  • Medical payments’ coverage,
  • Motortruck cargo coverage,
  • Property damage liability coverage,
  • Refrigeration breakdown,
  • Rental reimbursement coverage including a business interruption coverage component.

Collision and comprehensive often get referred to collectively as physical damage coverage, but in policy statements, receive separate sections of discussion of allowances, limitations, and policy caps. Most of the coverage types listed in states make mandatory. This excludes rental reimbursement and business interruption though.

An independent trucker would need to purchase most coverages except employers’ liability. That type of insurance a trucking company with many employees who drive for them would purchase. All types of liability insurance most states require.

Call The Owens Agency LLC serving Waldron, AR today for more information on trucking insurance. Let us help your trucking company or independent operation obtain the proper coverage you need.

Tips For First Time Home Insurance Buyers in Waldron, AR

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If you have recently bought a home in Waldron, AR, it is necessary that you get a home insurance policy. As a first-time homebuyer, selecting the right approach is always a challenge, which means that you will need assistance from an expert. The Owens Agency LLC is dedicated to helping the first time home buyers purchase the best insurance policy they can get from the market by discussing some possible tips. 

Talk to an Expert

As a first-time homebuyer, talking to an expert about home insurance coverage is the best strategy you can always incorporate. Your independent agency will give you some detailed information about the types of home insurance policies available, the best option to choose, and some of the possible areas you can exploit to pay lower premiums.

Bundle Up

You might probably be looking for other possible insurance policies together with the home coverage. Buying all the policies from the same agency is essential when it comes to saving money. For many years, insurance agencies have been offering discounts to people who have been purchasing two or more policies through the process of bundling up. 

Fill in Coverage Gaps

As a new homeowner, you need to understand that insurance policies are always focused on gaining at the expense of the buyer, which means that they will deliberately leave some gaps. For example, damages to the sewer, flooding, and earthquake may not be covered by your primary coverage. It is upon you to make sure that you have a gap policy covering everything in your house. 

Owning a home in Waldron, AR is a dream come true for many people. However, as a new homeowner, you need to be responsible and take care of your new property by buying home insurance. The Owens Agency LLC will help you to get the best policy that will meet your preferences.

Why people need auto insurance in Arkansas?

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When you are in the Waldron, AR area, it will be a good idea to own a car. Those that are here will appreciate the convenience that it provides. If you are going to get a car in this town, you also need to get insurance for it. There continue to be multiple reasons why most people in this area will need to get an auto insurance plan. 

Insurance is Needed to Protect Car

A reason that people all over this state need auto insurance is that it is needed if you want to protect your car. Most people in Arkansas are going to drive their car daily for their commute and to get around town. Due to the reliance, you have on your car, protecting it is very important. If you get full auto insurance, it will give the protection needed if your car is stolen or damaged.

Insurance Needed to Protect Driver

You will also need to get auto insurance to protect the driver of the car. When you drive any type of car in any situation, there can always be a chance that you could cause an accident. If this happens, you will want to know that you are protected against liability risk. When you get auto insurance, you will have liability coverage for damages up to the limit in the policy. 

Anyone that is looking for an auto insurance plan in the Waldron, AR area needs to make sure they get the guidance needed to choose a quality policy. The team with The Owens Agency LLC can be a great resource for you. As you reach out to the team at The Owens Agency LLC, you will soon find that they can answer your questions and help build you a quality policy. 

Exploring Some Common Misconceptions Regarding Trucking Insurance

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 The Owens Agency LLC assists the Waldron, AR community by helping residents find multiple types of insurance coverage. We strive to help our clients find the policies they need to protect their most valuable assets. As an independent agency, we offer our clients a wide variety of options so that they can find the right policy for their situation.

Common Misconceptions Regarding Trucking Insurance

If you work in the trucking industry, trucking insurance will provide you with a layer of security. The policy covers the vehicle against potential damages due to a collision or theft. Liability coverage is also important, as you will be protected if the truck damages someone else’s property. As you explore different policies, be aware of some of the common misconceptions regarding trucking insurance.

Don’t rely on your motor carrier’s policy. This is a common mistake that a lot of people make regarding coverage. If you are operating the truck around Waldron, AR in a separate endeavor from the task that your motor carrier assigned, you will not be protected if something happens. Having your own trucking insurance policy is the only way to cover your truck against all of the potential risks.

Make sure that your truck is covered while you have it in storage. Even while your truck is stored at a facility, there is a chance that an accidental fire may start or another type of natural disaster causes damage. There’s also the chance that your truck may be stolen. Make sure that your policy includes storage coverage.

If your truck needs repairs, downtime coverage will protect you. Accidents can happen at any moment, which is why downtime coverage is an asset. You could potentially suffer huge losses if your truck needs repairs and you don’t have downtime coverage.

Consult With The Owens Agency LLC

Visit our website today to learn more information about trucking insurance.

Should we get home insurance?

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For those that are in the Waldron, AR area, owning a home can be a great housing option. If you are going to purchase a home here, you will want to cover yourself with insurance as well as possible. There are several reasons why someone in this area of Arkansas should get a home insurance policy for their property. 

Insurance Protects Most Valuable Asset

A home is the most valuable asset that a lot of people will ever own. Unlike other forms of assets, this asset can be fully protected and covered with insurance. If you get a full home insurance policy, you can receive the coverage needed to repair or replace your property if it is damaged or destroyed. You can also get coverage for your personal belongings, up to your policy limit. 

Insurance is Normally a Requirement

Additionally, you will want to get a home insurance policy because it will be a requirement for you. The majority of buyers in Arkansas are going to take out a home loan to purchase their vehicle. If you have taken out a mortgage, you will want to stay in good standing with your lender. Most of the time, this will mean carrying sufficient insurance that meets the standards and requirements set by your mortgage lender. 

Owning a home in the Waldron, AR area can be a dream for many people. As you are looking for a new policy to protect your asset, it would be a good idea to call The Owens Agency LLC. When you work with The Owens Agency LLC for your insurance needs you can learn a lot about how home insurance will protect you. The team will give the right guidance to help you pick the best policy for your personal situation. 

What are the main benefits of getting trucking insurance?

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In the shipping and transportation industry, it takes a lot of different companies to ensure that the products we need on a daily basis get to our homes. For those that operate a shipping or trucking business in the Waldron, AR area, there will always be a lot of demand and room for success. However, there are risks with this industry as well that need to be properly protected against. One way that you can protect your business is by getting trucking insurance as it offers a range of benefits. 

Insurance Offers Liability Protection

One of the key advantages of having a trucking insurance policy is that it will offer you liability protection. Anyone that operates in the trucking industry should realize the risks that they take on at all times. This can include having liability associated with holding and transporting products and liability associated with operating vehicles. When you get trucking insurance, you can get coverage against these risks. 

Insurance Protects Trucking Assets

Additionally, your trucking insurance policy is important as it can protect your trucking assets. Beyond the trucks, you will need a lot of equipment needed to operate your business. When you have a trucking insurance policy, it will include coverage to protect all of these assets. This could ultimately save you a lot of money if you do experience damage or theft. 

Anyone that is in the trucking industry needs to make sure that they get a proper trucking insurance policy in place. If you are looking for this insurance in the Waldron, AR area, you should speak with the team at The Owens Agency LLC. If you do call The Owens Agency LLC, you can receive proper guidance and support that will help you choose a trucking insurance policy that is right for your situation. 

Factors That Small Business Owners Should Consider While Researching Trucking Insurance Policies

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The Owens Agency LLC assists the Waldron, AR community by offering residents different insurance policies. We are committed to helping our clients find the coverage that they need to protect their most valuable possessions.

Trucking Insurance

For many small business owners throughout Waldron AR, searching for trucking insurance can be a difficult process at times. Trucking insurance can be an integral part of the success of your business. The policy covers the truck in the event that it is damaged or vandalized, as well as the cargo container on the truck. Here are some other factors that small business owners should consider while researching trucking insurance.

Regular Maintenance

Make sure that the truck gets regular maintenance. Also, make sure that you keep updated records on the status of your truck. Keep tabs on the number of miles that your truck is driven on a regular basis. If your truck is used domestically, that may impact your coverage.

Cargo

Depending on the type of cargo that your truck hauls, you may have to amend your policy. Consider looking at additional coverage if you are hauling cargo that is valuable but fragile. Take pictures of all of the cargo on the truck before your drivers transport it. Also, consider investing in a driver cam. Driver’s cams can help clarify things in the event that a situation arises.

Drivers

Make sure that the employees on your staff are credible drivers. It’s important that all of your prospective drivers go through the screening process. This will help you uncover any red flags regarding their driving history.  

Consult With The Owens Agency LLC

We will help you navigate the process of finding trucking insurance so that you can protect your business. Visit our website to learn more information.

3 Reasons to Update Your Home Insurance

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Home insurance needs to be reviewed regularly to ensure you have the protection you need for your property. If you renovated your Waldron, AR home over the last year or added costly goods to your inventory, you may need to increase your coverage to protect your investments. By discussing these changes with an agent from The Owens Agency LLC, we can help you determine if it’s necessary to update your home policy to retain the protection you need. Here are a few reasons why an update may be necessary.    

Increase in Home Value

Major home upgrades like bathroom or kitchen remodels can raise your home’s value. If your dwelling insurance doesn’t cover the new value of your Waldron, AR home, you’ll need to raise it in order to fully protect your structure. This requires an update to your policy. Otherwise, you could be caught short if your home suffers total loss in a disaster.

Home Insurance Discounts

Home upgrades that enhance the safety or security of your property such as new windows, installation of a security system, new plumbing, or electrical system may qualify you for a discount on your home insurance. To get that discount, you’ll need to update your policy.

Purchase of Costly Goods

If you purchased high-end goods or received costly gifts after obtaining your home insurance, you’ll need to update your policy to add these goods to your coverage so they can be protected with the rest of your items. You may need to increase your property coverage to cover the value of your new items. If the limits on your policy aren’t sufficient to fully protect your new gifts or goods, you may need to purchase an insurance rider to protect these valuables.

For more information on updating your home insurance policy, contact The Owens Agency LLC today.

Common Reasons To Have An Auto Insurance Claim Denied

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Your auto insurance is going to protect you from most hazards in Waldron, AR, but there are plenty of reasons why a claim might be denied. Here are some of the most common:

  • You don’t have the coverage you think you have. If you buy the bare minimum, that only covers liability. You at least need comprehensive and collision to cover your car, and you may want to consider gap insurance to cover the rest of your car payments, and replacement insurance to buy a new car.
  • You didn’t make your report on time. It varies from one insurer to the next, and even from policy to policy, but your insurer expects you to file your claim within a certain timeframe.
  • You forgot to tell your insurer about your new car. You should tell your insurance agent right away when you buy a new car. It’s probably going to be worth more than the old one, so you don’t want to find out that your new car is insured at a pre-owned value.
  • You didn’t get your facts straight. For instance, if you filed an uninsured motorist claim but the other driver does have insurance, you’ll probably see your claim being denied.
  • Disputed liability. Simply put: It’s not quite clear who’s at fault just yet, and you won’t be able to file a claim until the matter is settled.

If you’re looking to get covered in Waldron, AR, or if you have any questions, get in touch with us at The Owens Agency LLC. You can call, get online or stop by the Owens Agency LLC offices and we’ll see what we can do to get you covered.