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.