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Exciting news for all our valued clients! We are thrilled to announce the addition of a new insurance carrier to our already extensive lineup of insurance options. We are proud to introduce Erie Insurance to our family of insurance carriers.
At Advantage Insurance Agency, we believe in providing our clients with a variety of insurance options to fit their unique needs. Erie Insurance is a well-established insurance company that has been providing quality insurance solutions for over 100 years. With a focus on protecting the things that matter most to our clients, Erie Insurance offers a range of insurance products, including auto, home, life, and business insurance.
One of the things that sets Erie Insurance apart from the competition is their commitment to providing excellent customer service. They have a reputation for handling claims quickly and fairly, which is important to our clients who want to know that they will be taken care of in the event of a loss. In addition, Erie Insurance has a strong financial rating, which provides peace of mind to our clients who want to know that their insurance carrier will be able to pay their claims. Industry leading benefits like guaranteed replacement cost for your home as well as Auto Rate Lock for your auto insurance, make this company stand out from all other companies.
At our agency, we work hard to stay up-to-date on the latest insurance products and services, so we can provide our clients with the best possible insurance solutions. The addition of Erie Insurance to our lineup of insurance carriers is just one more way we are working to meet the evolving needs of our clients.
If you are interested in learning more about the insurance options available through Erie Insurance, we encourage you to contact one of our knowledgeable insurance agents. They will be happy to answer any questions you have and help you determine if Erie Insurance is the right insurance carrier for you.
We are always working to expand and improve our insurance offerings, and the addition of Erie Insurance is just one of the many ways we are doing that. We look forward to serving you and providing you with the insurance solutions you need to protect the things that matter most to you.
Thank you for choosing our independent insurance agency, where you can always expect the best insurance options and exceptional customer service.
Auto insurance is a necessary expense for drivers, as it provides protection and financial support in case of accidents or damages. However, many drivers make the mistake of sticking with the same insurance company for years without re-evaluating their coverage and rates. It's important to shop for auto insurance every couple of years for several reasons.
In conclusion, shopping for auto insurance every couple of years is an important part of being a responsible driver. By comparing rates, taking advantage of discounts, and ensuring that your coverage levels meet your current needs, you can save money and have peace of mind knowing that you're adequately protected on the road.
First thing to look at is Coverage A.
Coverage A is the main coverage in a homeowner's insurance policy. It provides coverage for the dwelling, which includes the structure of the home, attached structures such as a garage or shed, and permanent fixtures such as built-in appliances. The purpose of Coverage A is to protect the homeowner from financial loss in the event that their home is damaged or destroyed.
Here are the key components of Coverage A:
Coverage Limits: The coverage limit is the maximum amount that the insurance company will pay out in the event of a claim. This limit is determined by the homeowner and should reflect the cost to rebuild the home. This is not market value. It is only based on the cost to rebuild the home building materials and labor.
Most of the other coverages are based off of a percentage of the limits of Coverage A. (i.e. Coverage B, Coverage C)
Most insurance companies limit their responsibility to rebuild your home in case of a total loss to cap at that Coverage A limit. However, we have multiple companies that will rebuild your home no matter how much it costs.
That kind of peace of mind might sound expensive but it can be even less than what you are paying now.
Coverage B- Other Structures
Coverage B is the second coverage in a homeowner's insurance policy and provides coverage for other structures on the property. Other structures include detached garages, sheds, fences, and other structures that are separate from the main dwelling. The purpose of Coverage B is to protect the homeowner from financial loss in the event that these structures are damaged or destroyed.
Here are the key components of Coverage B:
Coverage B is an important component of a homeowner's insurance policy. It provides protection for other structures on the property, and is designed to help homeowners recover from financial loss in the event of a covered claim. Homeowners should understand the coverage limits, perils covered, deductible, and percentage of Coverage A that are included in Coverage B, and should review their policy regularly to ensure that it meets their needs.
Coverage C - Personal Property
Coverage C is the third coverage in a homeowner's insurance policy and provides coverage for personal property, such as furniture, clothing, electronics, and other items that are not permanently attached to the home. The purpose of Coverage C is to protect the homeowner from financial loss in the event that their personal property is damaged or destroyed. There are two types of repayment methods, replacement cost and actual cash value.
Here are the key components of Coverage C:
Coverage C is an important component of a homeowner's insurance policy. It provides protection for personal property, and is designed to help homeowners recover from financial loss in the event of a covered claim. Homeowners should understand the coverage limits, perils covered, deductible, and scheduled personal property that are included in Coverage C, and should review their policy regularly to ensure that it meets their needs.
Coverage D - Loss of Use
Coverage D, also known as loss of use coverage, is a component of a homeowner's insurance policy that provides coverage for additional living expenses incurred as a result of a covered loss. This coverage is designed to help homeowners who are temporarily displaced from their homes due to damage from a covered peril.
Here are the key components of Coverage D:
Coverage D is an important component of a homeowner's insurance policy. It provides coverage for additional living expenses incurred as a result of a covered loss, and is designed to help homeowners who are temporarily displaced from their homes. Homeowners should understand the coverage limits, perils covered, time limit, reimbursement, and exclusions that are included in Coverage D, and should review their policy regularly to ensure that it meets their needs.
Coverage E - Personal Liability
Coverage E, also known as personal liability coverage, is a component of a homeowner's insurance policy that provides protection for the policyholder in the event that they are sued for causing injury to another person or damaging another person's property.
Here are the key components of Coverage E:
Coverage E is an important component of a homeowner's insurance policy. It provides protection for the policyholder in the event that they are sued for causing injury to another person or damaging another person's property, and is designed to help the policyholder recover from financial loss in the event of a covered claim. Homeowners should understand the coverage limits, perils covered, defense costs, and exclusions that are included in Coverage E, and should review their policy regularly to ensure that it meets their needs.
Coverage F - Medical Payments
Coverage F, also known as medical payments to others coverage, is a component of a homeowner's insurance policy that provides coverage for medical expenses incurred by someone who is injured on the homeowner's property.
Here are the key components of Coverage F:
Coverage F is an important component of a homeowner's insurance policy. It provides coverage for medical expenses incurred by someone who is injured on the homeowner's property, and is designed to help the policyholder recover from financial loss in the event of a covered injury. Homeowners should understand the coverage limits, perils covered, time limit, reimbursement, and exclusions that are included in Coverage F, and should review their policy regularly to ensure that it meets their needs.
Other optional endorsements:
Here are some of the most common optional homeowners insurance endorsements, and their benefits:
Uninsured drivers can cause rates to go up for a number of reasons. The most obvious reason is that when an uninsured driver causes an accident, the cost of that accident falls on the insured drivers who are involved in the accident or on the insurance company. This can lead to higher rates for everyone.
Another reason that uninsured drivers cause rates to go up is that they often drive recklessly or negligently. This puts other drivers at risk, which can lead to more accidents and higher rates for everyone. Tennessee is ranked #3 for highest rate of uninsured drivers at 23.7%.
There are a few things you can do to protect yourself from uninsured drivers. The first thing is to make sure that you have adequate insurance coverage. This will help to cover the cost of an accident if you are hit by an uninsured driver.
Another thing you can do is to be aware of your surroundings when you are driving. Try to stay out of the way of drivers who seem to be driving recklessly or negligently.
You can also take steps to reduce your risk of being in an accident with an uninsured driver. This can include things like taking a defensive driving course, avoiding driving during rush hour, and avoiding certain areas of town where there is a lot of traffic.
Additionally, you can also invest in an uninsured motorist coverage. This coverage will protect you in the event of an accident caused by an uninsured driver. It will pay for your medical expenses, repairs to your vehicle, and other damages.
Overall, uninsured drivers can cause rates to go up for everyone, but there are steps you can take to protect yourself. By making sure you have adequate insurance coverage, being aware of your surroundings when you drive, taking steps to reduce your risk of being in an accident with an uninsured driver, and investing in uninsured motorist coverage, you can help to protect yourself from the negative impacts of uninsured drivers.
Are you tired of feeling like you're getting ripped off by your auto insurance company? Well, have no fear! Here are some tips to help you save some serious dough on your car insurance.
In short, if you follow these tips, you'll be on your way to saving money on your car insurance. Just remember, insurance companies love safe drivers, so drive safely and enjoy the savings!
The age of your roof can have a significant impact on your homeowners insurance rates. As your roof ages, it becomes more susceptible to damage from natural elements such as rain, wind, and hail. This increased risk of damage can lead to higher insurance rates, as the insurance company must factor in the likelihood of a claim being made.
One of the main factors that insurance companies consider when determining rates is the condition of the roof. If your roof is older and in poor condition, the insurance company will likely charge you a higher rate. On the other hand, if your roof is newer and in good condition, your rates may be lower.
Another factor that insurance companies consider is the type of roof you have. Some types of roofs, such as metal and tile, are more durable and resistant to damage than others, like asphalt shingles. This means that if you have a durable roof, your rates may be lower than if you have a less durable roof.
It is important to note that insurance companies also take into account the climate in the area where your home is located. If you live in an area that is prone to severe weather, such as hurricanes or tornadoes, your rates may be higher than if you live in an area with milder weather.
In summary, the age and condition of your roof can have a significant impact on your homeowners insurance rates. If your roof is older and in poor condition, your rates may be higher. On the other hand, if your roof is newer and in good condition, your rates may be lower. It is also important to consider the type of roof you have and the climate in your area when determining your rates.
Homeowners insurance is an important aspect of owning a home, as it protects you and your property from a variety of potential hazards. However, did you know that your homeowners insurance can also have an impact on your mortgage payment?
When you take out a mortgage to purchase a home, the lender will require you to have homeowners insurance in place. This is to protect the lender's investment in the property, as well as to ensure that you have adequate coverage in the event of a loss.
One way that homeowners insurance can affect your mortgage payment is through the use of escrow. Escrow is a system in which the lender holds a portion of your mortgage payment in an account, and uses it to pay your property taxes and insurance premiums on your behalf. This means that your insurance premium will be included in your monthly mortgage payment, rather than being paid separately.
Another way that homeowners insurance can affect your mortgage payment is through the cost of the premium itself. The cost of homeowners insurance can vary depending on a number of factors, such as the location of your home, the age and condition of the property, and the amount of coverage you choose. If your insurance premium is higher than the lender's estimate, it can result in a higher mortgage payment.
It's also important to remember that your insurance premium can change over time, due to factors such as inflation or changes in the local housing market. This means that your mortgage payment can change as well, if your insurance premium goes up or down.
To ensure that your homeowners insurance doesn't have a negative impact on your mortgage payment, it's important to shop around for the best policy and coverage options. We can help you shop for the best coverage options at the best rates to possibly lower your mortgage payments and still keep you and your lender protected.
In summary, homeowners insurance plays an important role in protecting your home and assets, but it also can affect your mortgage payment. By understanding how escrow and insurance premium costs work, you can make informed decisions and keep your payments as low as possible.
Auto insurance is a necessary expense for most drivers, but it doesn't have to be a budget-buster. There are several ways that consumers can save money on their auto insurance premiums.
By following these tips, consumers can save money on their auto insurance without sacrificing coverage or protection. Remember, it's always a good idea to review your insurance policy and compare quotes periodically to make sure you are still getting the best deal possible.
Homeowners insurance is a necessary expense for protecting your home and personal property, but the cost can vary greatly from one policy to another. So, how do insurance companies determine the rates for homeowners insurance?
The process of determining homeowners insurance rates is known as rating, and it takes into account a variety of factors. Some of the most important factors that insurance companies consider when setting rates include:
It is important to note that different insurance companies may weigh these factors differently, so it is always a good idea to shop around and compare rates from multiple companies.
In conclusion, insurance companies use a variety of factors to determine the rates for homeowners insurance, including the location, age, and condition of the home, the value of the home and personal property, the type of coverage, claims history and credit score. By understanding these factors, you can make informed decisions about your homeowners insurance and potentially find ways to lower your rates.
Car insurance rates can be confusing and frustrating, especially when they go up even though you haven't had any tickets or claims. There are several factors that can contribute to an increase in your car insurance rates, even if you have a clean driving record.
One of the most common reasons for an increase in car insurance rates is your location. Insurance companies take into account the crime rate and the likelihood of accidents in your area. If you live in a high-risk area, your rates may be higher than someone who lives in a low-risk area.
Another factor that can affect your car insurance rates is your age and gender. Young drivers and males are considered to be higher risk and therefore may pay higher rates.
Your credit score can also impact your car insurance rates. Insurance companies may consider you a higher risk if you have a low credit score, as they may believe that you are more likely to file a claim.
Changes in the insurance market can also affect your car insurance rates. If there is an increase in the number of claims or the cost of claims, insurance companies may raise their rates to cover their costs.
Finally, the type of car you drive can also affect your car insurance rates. Cars that are more expensive to repair or replace, or that are more likely to be stolen, will typically have higher insurance rates.
In conclusion, there are many factors that can cause car insurance rates to go up, even if you haven't had any tickets or claims. Understanding these factors can help you make informed decisions about your car insurance, and may even help you find ways to lower your rates.
A deductible is the amount of money you agree to pay out-of-pocket before your insurance kicks in. So, if you have a $1,000 deductible and you file a claim for $5,000 in damages, you'll have to pay the first $1,000 and your insurance will cover the remaining $4,000.
It's important to keep in mind that the higher your deductible, the lower your insurance premium will be. However, this also means that you'll have to pay more out-of-pocket if you file a claim. It's a trade-off between the cost of insurance and how much you're willing to pay out-of-pocket.
Make sure you understand your deductible before you file a claim and if you have any questions feel free to reach out to your insurance agent or company. Happy to help you to have the best coverage for your home.
A personal umbrella policy is an additional layer of liability insurance that provides protection above and beyond the limits of your regular liability insurance policies. It's called an "umbrella" policy because it covers a wide range of liabilities and provides an extra layer of protection for you and your family.
There are several situations in which a personal umbrella policy can be beneficial for a family:
In conclusion, a personal umbrella policy can provide an extra layer of protection for your family in case of unexpected liabilities or accidents. It's especially important for families who have a high net worth, own a business, participate in high-risk activities, or have a teenager who is learning to drive.
The decision to purchase home insurance may be the most important one that a homeowner has to make. Homeowners need to understand what they are getting into before purchasing any coverage for their home, and it is always best to do research on homeowners insurance in order to find out how much you should pay for your monthly premiums as well as what type of coverage you will receive so that if anything were ever to happen, you would know exactly where you stand with the law.
The following article provides 5 simple steps on how homeowners can choose between different types of home insurance plans offered by various companies so that they can get the right amount of protection without having too many headaches later down the line.
Choosing the right home insurance is not always easy. There are many factors that go into it and you need to be knowledgeable about them. Here are 5 steps to help you find the best coverage for your needs:
1) Check with a Licensed Agent that you can depend on. The quality of the agent will be evident by the amount of knowledge that you gain from the experience. Our agents will not "upsell" you on coverages that you don't need but will let you know how each of the coverages work and give you peace of mind when disaster strikes.
2) Find out what type of policy suits you best (e.g., replacement cost, full replacement, or cash value) and how much liability protection you should have in case someone gets injured on your property.
3) Consider if there's a particular area in which you want more protection than others, such as earthquake coverage or flood insurance. Be sure to ask for a free quote from different insurers before making your decision so that you can compare rates and benefits among providers.
4) Roofs are a big deal. The newer the roof the better the discount. However, some companies will not cover the full price to replace a roof if there is damage. They do this to be more competitively priced. Replacement cost is a must in our office.
5) Deductibles could be wildly different between companies. Some are a percentage of the Dwelling Coverage ( E.G. $300,000 Dwelling coverage with a 1% deductible is a $3000 deductible.) This shift of financial responsibility will effect the premium however, when a claim is filed that savings would disappear.
Homeowners who are looking to purchase home insurance need to do their research before going into the process blindly. When researching, you should always find out what your monthly payments will be and how much coverage you'll receive. This way, if any damages occur in your house, you already know that all of them are covered by an insurance company. If this sounds like a lot of work for something that is not easy to understand then give us a call or fill out our form so one of our experts can guide you through the process.
Protect your investment with a Homeowners Policy review. There are many companies that have a variety of different options with custom coverages and great rates.
As a multiple award winning agent in Knoxville, TN who specializes in Home and Auto Insurance, Adam Dickson has the knowledge you need to keep your premiums low. He is dedicated to educating his community on how insurance works so that they can take actionable steps when it comes time for renewals!
You may not realize this but there are many different types of policies out there - from life insurance to umbrella coverage. We are advocates for our clients, giving trusted advise and always providing peace of mind.
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