Does My Homeowners Insurance Policy Cover My Dog?

We can’t deny the fact that home insurance policy is essential. Your home insurance policy not only protects your investment but also protects you from potential financial if other people sustain injuries while visiting you. However, it is always good to have a detailed conversation with your GTW Insurance agent before choosing your insurance plan. This will ensure that you get the right policy plan that caters to your unique needs. So far, the biggest worry among homeowners in NE Arkansas is whether their standard homeowners’ insurance policy covers their dogs. Read on to find out.

Does Home Insurance Cover Dogs?

The first thing you need to understand is that there is a big difference between coverage for a dog and liability coverage for the acts of your dog. Typically, your standard home insurance policy will not cover your dog as a family. For instance, you can’t use your home insurance policy to treat your dog if it falls sick or if it is injured. In this case, you will need to purchase a pet insurance policy that will cover your dog’s health.

When it comes to liability coverage for property damage and bodily injury that your dog causes to other people, your standard home insurance policy may cover you depending on your dog’s breed. This coverage will also depend on the specifics of your home insurance policy, the company that insures you, and it will also depend on where you stay.

If your insurance agent asks you whether you own a dog at the time of applying for the insurance policy, it is always good to be honest. You need to keep in mind that any misrepresentations on your policy application may void the policy or result in denial of coverage in the event of an insurance claim.

Are you a homeowner in NE Arkansas? Contact GTW Insurance today for your home insurance policy.

Should You File an Auto Insurance Claim?

Getting auto insurance is not only a legal requirement but a way to protect your car. Get the right auto insurance quotes for your needs in NE Arkansas from GTW Insurance. The insurance agency has trained and experienced agents who can help you find the best quotes for your needs. They may also offer you practical advice about auto insurance.

When to File an Auto Insurance Claim

Knowing that you can file a claim in case of an accident offers a sense of relief and safety. You should, however, know when to pay out of pocket and when to file a claim. Do not submit a claim every chance you get. It may cause your auto insurance rates. Filing claims too often makes you seem like a high-risk client to your insurance provider. If you are involved in a minor accident, negotiate with the other person to pay out of pocket. Ensure that you offer compensation that is equal to the extent of damage caused. If you compensate a driver and they find out later that your compensation is not enough to cover their damage, they may sue you.

Always file a claim if someone is injured or if the accident is serious. Your auto insurance helps you pay for the costs of medical bills and the repairs and replacement of other people’s property. It may also help you pay your legal fees if someone sues you. These charges may be too expensive to pay out of pocket. If you decide to file a claim, do it as soon as possible.

Driving carefully in NE Arkansas may help you maintain low auto insurance rates. If you are a careful driver who has a small number of accidents and traffic rates, you won’t pay too much for car insurance. At GTW Insurance, we’ll be ready to help you every step of the way.

3 Tips To Keep your Boat Safe This Summer

Your boat is a vessel of freedom for you. Taking it out on the water on the weekends is exactly what you need to unwind from a stressful week. This means you will want to protect your freedom from any potential damages or mishaps. Anything can happen in and out of the water, and you want to ensure that you are prepared for any scenario. Here are 3 ways to keep your boat safe this summer that will give you peace of mind.

Prevent Theft

One of the most common threats any boat owner faces is boat theft. Whether the boat itself or belongings inside of it are stolen, thieves are on the prowl for what you have. Most boat theft incidents happen when they are parked and still attached to your vehicle. Make sure your boat cannot be easily moved when it is parked. Tie it to something secure to avoid it being taken off the trailer hitch.

Avoiding Collisions

Boat collision accidents can cause serious damage. Make sure to be aware of your surroundings at all times to avoid any accidents. Maintain proper speed control to avoid accidentally colliding with other boats and environmental hazards.

Boat Insurance

You will want to have your boat covered with proper insurance before heading onto the water. Not having proper coverage puts your boat at risk. Insurance will help cover repair costs in the event of any accident that occurs on and off the water.

Finding the Right Boat Insurance

GTW Insurance has you covered for all your boat insurance needs. We service the NE Arkansas area and provide professional customer service for all. Don’t take your boat out on the water without the right insurance coverage. Your boat is your freedom, and you don’t want anything to happen to it. Contact us today to schedule your appointment to protect your boat before you take it on the water.

Four Lesser-Known Ways Life Insurance Can Benefit Your Family

Most people know that life insurance can pay for funeral and other final expenses. It can also benefit you and your family in other ways. NE Arkansas, GTW Insurance has put together four of the ways life insurance can help you and your family that a lot of people don’t think about.

Life Insurance Can Pay Estate Taxes

Arkansas doesn’t charge estate or inheritance taxes but other states do. If you inherit property from one of the states that impose estate or inheritance taxes, you could owe them. The Federal estate tax charges 40% after an exemption of $5.7 million which includes property and investments. A life insurance policy can help pay taxes due after your death so your family won’t have to sell your house or other assets.

Help Replace Reverse Mortgage Equity

A lot of people are choosing reverse mortgages to help provide living expenses. If you plan to leave an inheritance and you have a reverse mortgage, a life insurance policy could cover the gap between equity in your home and the inheritance you want to leave. 

Set Up a Special Needs Fund

If you have a family member with special needs who requires care after you’re gone, life insurance can help. You may also have children or grandchildren who want to go to college. Life insurance could reduce or eliminate the need for student loans.

Become a Life Insurance Trust

Life insurance policies can be placed into a trust so that the benefits will be used the way you specify. A life insurance trust can help to ensure the policy provides an inheritance, helps a family member with special needs, or pays for college.

Here at GTW Insurance serving NE Arkansas, we’re always glad to talk to you about how life insurance can meet your family’s needs.

Does Renter’s Insurance Cover Flooding?

If you have never purchased renter’s insurance, or are unsure about the details of the policy, you may have many questions about the scope of the coverage that the policy offers. One of the most common questions about renter’s insurance is whether or not it covers flooding and water damage. Unfortunately, most renter’s insurance policies do not cover damage from flooding. 

Protection From Flooding

If you are renting in an area that is prone to flooding or is near a coastline that has frequent storms, you will have to purchase a separate flood insurance policy in addition to your renter’s insurance policy to give yourself complete coverage from potential losses. Your insurance provider may offer flood insurance policies so inquire about it before making a decision.  Discuss your options with your insurance provider to gain more insight and become a more informed consumer. In most cases, they can offer you protection options that will give you the level of coverage you need. 

Working With Your Agent

Your insurance agent is one of the key elements in getting insurance products that benefit you and protect you from covered events. Discuss the fine print and terms and conditions associated with your policy. An informed agent can explain what is covered and what is not as well as coverage amounts. If you live in or around the NE Arkansas area, GTW Insurance is an excellent option for renter’s insurance coverage. 

For more information on renter’s insurance, call or stop by GTW Insurance. They proudly serve the residents of NE Arkansas. Get the insurance products you need to fit your lifestyle and protect you from the uncertainties of tomorrow. 

What Does Commercial Property Insurance Really Cover?

A NE Arkansas business like yours needs commercial property insurance to ensure the business and the property it’s located on. Ozark culture is unique, and GTW Insurance can keep your local Ozark business operating and successful for years to come, no matter what. (GTW Insurance is a locally owned and operated independent insurance agency in the St. Louis, Missouri, area serving NE Arkansas, as well.) Let’s take a look at what commercial property insurance is and what it covers in the Natural State.

What is Commercial Property Insurance?

Commercial property insurance is a great idea for any business in NE Arkansas. It often goes hand in hand with commercial insurance options for autos, general liability, and workers compensation, all of which GTW Insurance offers in its Business Owner Packages tailored to your business. Give us a call to discuss the commercial insurance package that works best for your business.

What does Commercial Property Insurance Cover in NE Arkansas?

Commercial property insurance ensures your business’ physical assets against fire and explosions; vandalism and theft; burst pipes; and severe weather that may hit NE Arkansas such as severe thunderstorms, hail, lightning, straight-line winds, and tornadoes. (Earthquakes and floods may need to be added to your policy.)  In April 2017, there was deadly flooding in the state and in 2014 the Mayflower/Vilonia Tornado hit. Severe weather can cause serious damage to your commercial property and business, and GTW Insurance can help you stay prepared.

Since commercial property insurance covers your business building, everything in it, and everything just outside of it, you can expect the following items to be covered:

  • Computers, monitors, and devices
  • Exterior signage
  • Furniture
  • Equipment
  • Landscaping and fencing
  • Product and supplies inventory
  • Others’ property

This is great news if you live in an area prone to severe weather and are worried about your business if a disaster occurs. Let GTW Insurance help you find the best commercial property policy for you, and get you started on ensuring your valuable business today.

How to find the right motorcycle insurance

The thrill of riding a motorcycle is one that many individuals crave for; however, before you strap on to your proactive gear, it is considered illegal to ride a motorbike without getting insured. A motorcycle insurance cover aids in returning the bike as well as the rider to full normalcy (or as close as possible to normalcy), in case either is involved in an accident. At NE Arkansas, GTW Insurance riders are advised to get insurance policy packages that provide additional value on their side, by taking into considering issues regarding cost and liability.

  • Costs

Most insurance agencies use four main aspects to determine the cost of your cover namely; rider’s age, the model and make of the motorbike to be insured, bike storage when not in use, and rider’s previous insurance record.

For instance, if you are 18 years, owning a Ducati 848 Evo, kept in public view overnight, and you have been involved in bike-related accidents before your monthly insurance premiums are expected to be high. However, by simply improving on storage from public view overnight to secure garage you are bound to decrease the premiums.

  • Liability

When insuring your motorbike, NE Arkansas, GTW advice to individuals is to always take in consideration the kind of liability most susceptible to them. For instance, collision plan covers all payments damage to your motorcycle, less any deductible outlay. Subsequently, this constitutes to increased compensation in case of any accidents. Riders are also recommended to take into account all liability cover ‘extras’ when searching for the best over.

For example, when taking up Economy coverage most riders only consider the compensation in case of theft. However, some insurances agencies use the economy cover as a third party policy thus covering guest passenger liability or the provision of compensation in the event one is involved in an accident with an individual without any vehicle insurance.

Tornado Season Is Coming: Is Your Commercial Insurance Up To Date?

Living in NE Arkansas can be a great experience for many people. However, tornado season is often dangerous in this area and can be particularly problematic for businesses. That’s why you should contact us at GTW Insurance to learn more about this type of coverage or to buy a policy for your commercial business.

Why Tornado Insurance Is So Critical

Tornado insurance is critical for people in Arkansas because it protects their home and their belongings from destruction. It is particularly essential for businesses because it creates a comprehensive package that keeps you from total loss in many destructive situations.

For example, tornado insurance will help to repair your building if it gets damaged by a tornado. Even better, it will replace your stock and important appliances in your commercial building. Make sure that you fully itemize everything you own to ensure that you get the total coverage you deserve.

Important Issues To Consider When Getting Tornado Insurance

While commercial tornado insurance can protect you, it may not be as efficient as you hoped. That’s why it is important to consider several issues when buying policies. These include:

  • Notice and Proof of Loss
  • Business Interruption
  • Cause of Damage
  • Valuation of Loss
  • Types of Damage Considered Loss
  • Appraisals

Each of these issues can affect how your policy works. For example, you need to note how long your daily business operation was interrupted by the tornado. In this way, you can get money for lost wages and income while you repair your building.

Keeping Your Business Safe

So if you live in NE Arkansas and want to avoid the dangers of serious tornado season, please don’t hesitate to contact us at GTW Insurance. We will work with you to find a coverage type that suits you and which will ensure you properly.

Are Motorcycles Included In Multi-car Discounts?

In NE Arkansas, residents who own motorcycles can receive a multi-car discount when they include their bike on their auto insurance policy. At GTW Insurance, the agents can write multi-vehicle policies to cover almost any family’s insurance needs. It’s important to have the amount of coverage you need to meet the state’s mandatory requirements as well as keep your family safe from financial loss.

Multi-Car Discounts

Multi-car discounts are used to help keep car insurance premiums manageable, especially when families own more than one vehicle. Motorcycles are commonly included in multi-car discounts as a way to keep policies more affordable. People who own motorcycles use them as daily drivers in many cases simply because they are more affordable to drive on a day to day basis. While they are also used for personal or recreational use, they can save hundreds of dollars a year in fuel when driven back and forth to work on a regular basis.

Bundling Your Insurance

Many families have multiple vehicles that they use on a day to day basis. Whether you have students who drive, an extra vehicle in case of emergencies, and daily drivers for the adults in the home, more than one vehicle policy isn’t needed when you can bundle all of your vehicles into one policy. Many insurance companies allow their customers to take things a step further and include their home and boats into a bundled policy.

At GTW Insurance, the agents work with NE Arkansas residents to help find the best way to ensure all of their vehicles. If you have questions about how bundled policies or multi-car discounts work, call the office today and speak to one of the licensed insurance agents.

Will Umbrella Insurance Protect Your Family?

There are many residents of NE Arkansas who are interested in high-quality umbrella insurance policies. At GTW Insurance, we find that many people want to get these policies to protect their families. There are many instances in which these policies can protect you and your family from serious financial loss.

The Nature Of Umbrella Insurance

Umbrella insurance is designed to kick in when your other policies fail. It will add extra coverage types and cash that makes it a beneficial choice for a variety of people. For example, it may provide you with extra collision coverage if you get into an auto accident. One of its most important and beneficial aspects is how it protects you from serious lawsuits due to personal injuries or accidents.

How It Protects Your Family

Umbrella insurance can protect your family by providing you with a safety net. Essentially, it will help protect you when serious lawsuits or personal injuries affect your family. For example, if your teenage daughter is sued after a car accident, umbrella insurance can kick in to prevent her and your family from a pricey and difficult lawsuit.

Where It Might Fail

Umbrella insurance is usually a comprehensive type that provides for a variety of needs. However, it can fail your family if the medical bills you are paying for or the liability lawsuit costs are higher than your coverage allows. This situation is rare, but it may occur if the damage that occurs is too severe or costs too much to manage.

Getting The Best Policy Coverage For Your Needs

At GTW Insurance, we can help people in NE Arkansas get the umbrella coverage that they want and deserve. Our policies are designed to suit the needs of a large number of people and will work hard to ensure that your umbrella coverage is suitable for your needs.