3 Important Features to Check on Your RV Policy Before You Hit the Road

RVs provide a great way to get out and see our beautiful country and the crew at GTW Insurance is here to make sure that residents in NE Arkansas have the protection that they need! Before you get out onto the road this summer, make sure that your RV insurance policy has these 3 important features.

  1. Protection when parked – many RVers spend a lot of time in RV parks enjoying their vehicles and using them as lodging on their vacations. It is important that your coverage includes protection for when your RV is parked. This includes coverage for liability and damage as well as theft or vandalism.
  2. Liability while on the road – RVs can be difficult to drive, especially in mountainous areas and close quarters. Make sure that you have liability coverage for yourself and others in the event that you are involved in an accident or another mishap. Liability protects you from having to be personally responsible for the cost of damages or injury that occur in an accident in which you are involved.
  3. Comprehensive collision coverage – RVs can be difficult to repair and when you are involved in an accident or your vehicle is damaged, you will want to know that you have the protection that you need to get your rig fixed and back on the road as soon as possible!

Ready to learn more about your RV insurance policy options? Enjoy your RV this summer with the peace of mind that comes with knowing that you have the coverage that you need in any situation. Call or stop by the office of GTW Insurance, we are proud to serve our friends and neighbors in the greater NE Arkansas area.

Can a Landlord Require Me to Get Renters Insurance?

Let’s say you’ve found your dream apartment. It’s a short commute to work and has wonderful amenities. Your possible landlord has reviewed your application and finds it to be satisfactory. Then, you’re asked to get renters insurance to complete the lease. This is unexpected and you aren’t sure a landlord can require this.

The answer is “yes.” Landlords can require tenants to have a policy for renters insurance. The reason landlords in NE Arkansas request their renters to get insurance is to avoid possible disputes that could arise should the tenant’s personal property get damaged while living in the property. Even if your landlord doesn’t require it, you may want to get a policy.

For an average renter, this insurance gives protection and coverage for these:

Extra Living Costs

In the event your apartment building or rental home remains temporarily unlivable because of destruction following a covered catastrophe, like a fire, renters insurance could help pay for unanticipated extra expenses, such as a hotel bill, as long as you can’t live in the rented home.  

It’s important to remember the coverage has limitations. The most an insurer like GTW Insurance pays for covered damages is detailed in your specific policy. You want to get insurance with adjustable policy limits, so your coverage meets your different needs.

Liability Insurance

Should you become legally responsible for another person’s property damages or injuries, liability coverage could help to keep you from having out-of-pocket expenses for corresponding costs. Imagine you are in your home being inattentive. You leave the water running in the bathtub and the water overflows and damages the apartment beneath you or your bathroom floor. Liability renters insurance could pay for the repair costs.

Coverage for Personal Property

If your belongings get ruined or damaged by a covered danger, renters insurance in NE Arkansas may pay to replace them. This coverage means if fire damages your apartment or rental home, you’d get your clothing or furniture replaced or repaired.

Renters insurance in combination with your landlord’s insurance policy helps keep a horrible situation from escalating and getting worse. If you have questions about renters coverage, contact GTW Insurance today.

What to Do If You’ve Had a Motorcycle Accident

No one wants to think about being involved in a motorcycle accident.  Riding a motorcycle in NE Arkansas and further out means an accident can happen.  It’s better to have some idea of what to do just in case you’re involved in one.  There are some important things to do after an accident:

  • Always get a quick medical check because you could have an injury that doesn’t show up right away.  No medical assessment is a common mistake for motorcyclists, and they can suffer serious injuries that show up later.  For example, a rider was sitting at a stop light and the back wheel of the motorcycle was hit by a car.  The rider didn’t notice any injury at the time, two weeks later shooting pains started in the upper back and it turned out to be a spinal fracture.
  • Gather evidence to support your case.  It’s important to take photos of the damage to your motorcycle, as well as photographs of the other driver’s vehicle.  Be sure to get a copy of the police reports with the statements made at the time of the accident.  Collect the items damaged, such as your helmet.  Gather all witnesses’ names and contact information.
  • Never take responsibility for a crash at the time because it can be unclear who might be at fault until all the evidence is collected.  It may seem like your fault from your perspective, but when accidents happen, it can be challenging to have the full picture and information can be ambiguous and confusing.

GTW Insurance

GTW Insurance has been providing quality insurance in the NE Arkansas area since 2007.  If you need motorcycle insurance, contact an experienced licensed professional GTW agent today to explore your specific motorcycle coverage needs.   

Can I buy a life insurance policy for my niece and nephew and gift it to them?

We always feel as though we have a special relationship with our nieces and nephews. We usually get to watch them grow up and feel more affection because they remind us of the best parts of our own brothers and sisters.

Living in NE Arkansas, you may have already seen ads for GTW Insurance gotten the idea that life insurance would make a great gift. But if you are worried that it may be complicated, here are the basic rules about whether or not you can purchase life insurance policies as gifts for nieces and nephews or other people.

Consent

The number one rule is consent. You will need to have the approval of whomever you purchase the policy on, and if they are minors, you need to get the parents’ permission.

Getting the policy without consent is really serious, and would be considered insurance fraud. Luckily, there is so much paperwork involved in getting a life insurance policy that it would be difficult to get life insurance policies on people without their consent.

Insurable Interest

You can’t just take a policy out on a stranger at a nursing home or your favorite teacher. You need to prove you really are related and have an insurable interest. 

The Earlier, the Better

You probably already figured out why this is such a great idea. If you purchase the policy for them while they are very young, even babies, you can lock in a low price. Depending on what kind of insurance you get, it may even serve as a good investment.

If you are in NE Arkansas and are seriously considering gifting life insurance policies to relatives, call GTW Insurance so we can help you lock in the lowest price we can find.

Commercial Insurance: Every Company’s Bodyguard

Everyone faces risks, dangers, and threats to our safety, livelihood, and health. That is the primary reason insurance exists. If you are a business owner or manage a business, those risks, dangers, and threats are increased thousand times over – that’s why there is commercial insurance. With all the risks a business must face, commercial insurance is like your bodyguard.

To Protect

It is one of the most common reasons why people purchase insurance. Damages, lawsuits, and accidents can all equal big expenses. When it comes to repairs, liability, and suffering, insurance is there to help. GTW Insurance is here to afford businesses in NE Arkansas the protection law requires and that their customers want.

To Deter

While the major role of a bodyguard is to protect, having the right protection can also act as a deterrent. When that scam artist slips on that invisible spill, watch how fast they disappear when your management team puts them in touch with your agent. Commercial insurance flexes when it protects your business, deters would be sue-happy criminals and like the best bodyguards, it watches your back – even when you’re sleeping.

The Business Bodyguard

At GTW Insurance, we may not look like your typical bodyguard but we will help you find a plan and policy to protect you and your business. If you are wanting to learn more about commercial insurance for your NE Arkansas company, our agents are here to help and to help keep your business safe. Contact an agent today to schedule an appointment to compare rates or to discuss your commercial insurance options. Commercial insurance, it’s like a bodyguard for your business.

Use Umbrella Insurance to Protect Your Business From Lawsuits

Every year in NE Arkansas, dozens of lawsuits affect business owners and cause them great financial hardship. If you are worried about this problem affecting your company, let us at GTW Insurance teach you about the benefits of umbrella policies and how they can protect business owners like you.

How Umbrella Insurance Protects You

Umbrella insurance is a type of extra liability insurance that only goes into effect if you are responsible for somebody’s personal injury or damages and your normal liability policy is not suitable. For example, if your basic liability policy covers just half of a lawsuit claim, umbrella insurance will kick in and pay up to the limits of the policy.

These types of policies are a wise investment for people from many different walks of life. However, a large number of individuals probably will rarely, if ever, be in a position where they need umbrella insurance. As a result, you should understand if you are one of these people or not.

People Who Might Need Umbrella Insurance

Not every business will benefit from an umbrella insurance policy. However, the following individuals are probably wise to invest in this type of policy:

  • Individuals Worth a Lot of Money – People who are worth more than six figures should get umbrella insurance to stay safe.
  • People Who Work From Home – Self-employed individuals who work from home probably need umbrella policies to avoid liability claims.
  • Any Independent Contractor – Builders, electricians, and other contractors who work for themselves should invest in umbrella insurance.
  • Those Who Work a Semi-Dangerous Career – If you work in a career that is potentially dangerous to your or your clients, get an umbrella policy.

Finding a Policy That Works

Anybody who lives in NE Arkansas who is concerned about umbrella insurance and whether it is right for their needs should contact us at GTW Insurance to learn more. Our professionals will help you better understand the available policies and get you one that works for your needs.

RV Insurance Brings Out The Best In Your Travels

Insurance You Can Understand

It doesn’t matter if you’re an experienced RV owner in NE Arkansas or you’re planning your first great escape next season, you’ll need specialized RV insurance for that rig of yours. Many people have trouble understanding all the details and terms of their insurance policies. Let GTW Insurance answer your questions so that you can have the knowledge that brings confidence. If you ever need to act on your insurance, you’ll have that information right at your fingertips so that you’ll have far less to worry about when something goes wrong. No matter what policy you have through us, a quick call to us will clarify the information for you at any time of year.

Make Great Memories

In Arkansas or out-of-state, your RV becomes your vehicle to adventure and memories. Your RV insurance coverage needs to be up to date with adequate coverage that works across state lines. The details can vary, but with our help, you can make sure that the insurance you have will work for you no matter what. If the unfortunate were to happen, it would become just a story to tell your friends. GTW Insurance has professional and knowledgeable people waiting to help you:

  1. Discuss your unique insurance needs with you.
  2. Present the policies of several major insurance providers for your inspection.
  3. Register your vehicle for excellent coverage.
  4. Protect your investment.

GTW Believes in Customer Satisfaction

You may not have considered what insurance you’d like for your RV yet. Perhaps you’ve had the same policy for years and haven’t really thought about it lately. State requirements and policy coverage details change on a regular basis. It’s important you contact GTW Insurance, serving NE Arkansas, for immediate access to the policies that will cover your RV. You won’t have to worry about insurance while stocking your rig and planning your next route. Happy camping!

The basics of motorcycle insurance.

Whether you are a recreational motorcyclist or a serious cross-country motorcyclist, it’s important to have the right insurance cover which meets your needs in order to protect yourself while on the road. Most states require motorcyclists to have basic liability insurance but due to the risks associated with riding a motorcycle, it is important to purchase more than just basic liability insurance.

The basics of motorcycle insurance include:

1. Liability coverage

Naturally, this cover includes protection of damage property and bodily injury to the motorist. It ensures you do not pay injury and repair bills for you and others. Despite the fact that It’s not the best option, it’s required.

2. Comprehensive and collision

While liability coverage shields another person’s expenses, collision coverage pays the bills in case of an accident. This policy pays for repair of your bike, riding apparel, helmets etc.

Collision coverage pays for damages to your bike in case of an accident while a comprehensive policy protects your motorcycle in case of theft, fire or vandalism. It comes in when it’s a non-collision incident an example being theft of your motorcycle.

With motorcycle insurance, it is possible to get special coverage which includes:

  1. Personal injury protection which includes physical therapy, psychiatric visits, and other costs regardless of whether you were at fault or not.
  2. Medical payments which cover expenses related to an accident
  3. Replacement value which covers the replacement cost of the motorcycle. It’s considered the original value less depreciation. If you have added any special features to your bike, you should consider upgrading your cover to replacement coverage so that it is not undervalued in case of theft or damages.
  4. Uninsured//underinsured motorist which will protect you in case of an accident with a person who has insufficient insurance cover for damages
  5. Trip interruption which covers any costs or expenses in case your bike breaks down when you’re far from your home until your bike is up and running
  6. Accessory custom parts equipment which will protect your bike against any additional unique parts which you purchased for your bike.

If you are a motorcycle enthusiast looking for coverage, visit us today at NE Arkansas, GTW Insurance for an array of motorcycle insurance coverage. Our team of professionals understand the importance of this cover and know exactly you need.

What to Look for in Renters Insurance

Renters can have a lot of personal property in their homes in NE Arkansas, and it’s necessary to get the proper coverage for those belongings. Many renters are under the assumption that insurance from their landlord will cover personal belongings, but that is not the case. In order to protect belongings and personal items, it’s necessary to have a renters insurance policy that adequately covers everything.

The main thing to look for in a renters insurance policy is adequate coverage for any personal property. This includes anything inside the home, which can be furniture, clothes, and your TV. Keep in mind that anything valuable, like jewelry or expensive art, will need a separate part of the policy. Also be mindful of any limits for expensive property. In order to determine how much coverage you need, do a complete inventory of your possessions. Having this inventory list will be helpful in the event that you need to file a claim. It’s important to note what isn’t covered as well. Policies won’t cover belongings if there is damage by floods, and you will need to purchase separate polices to cover these events. Ask an agent at GTW Insurance to explain what is covered and what is not.

Pay attention to the different coverage types and if it’s for full replacement or actual cash value. Actual cash value will take into account depreciation, so you won’t get as much money for your items, but your premiums are lower.

The second important thing to look for is proper liability coverage. This will protect you if you are sued because someone is injured on your rental property. Many times, people don’t get renters insurance because they think nothing like that will happen to them, but accidents do happen.

Contact GTW Insurance, serving NE Arkansas, for a quote on renters insurance.

Four common misconceptions about life insurance.

Often at times, people keep off from life insurance topics and discussions not knowing how important it is for their family’s well-being when they are gone. With the technicalities and rules revolving around it, it’s important to have proper knowledge which will give you more confidence to make the right decision before purchasing life insurance.

Below are four common misconceptions about life insurance that are mostly misunderstood making individuals stay away from purchasing this product.

1. I have enough insurance at my workplace

In as much as your employer may provide you with life insurance, there are many other factors to consider. Usually, the employer provides insurance equals to 1-2 times your annual salary which might not provide for your family expenses when you are gone.

2. My family won’t need much when I die and they can easily move on

Unless you have made certain provisions to have all the expenses, mortgage and other utilities paid monthly, it might be very difficult for your family to move on smoothly after you die. It is therefore important to have an income need of at least 70% of all your household income catered for before you die.

3. I’m too young and healthy to buy life insurance

Getting a life insurance cover earlier is of great advantage to take care of your future. This is because circumstances could possibly change. In addition, getting a life insurance while healthy and young enables you to to get lower premiums.

4. Life insurance is expensive

Lately, there are a number of options for finding affordable life insurance coverage. Before purchasing a life insurance cover, talking to an insurance agent who will give you various alternatives is important. Often, you can start with an affordable term policy or a combination of both term and permanent policies. There is also an option of being a policy rider which gives you the opportunity to buy coverage but at a future date.

Since every person’s situation is unique, always ensure to make informed decisions when it comes to life insurance. At NE Arkansas, GTW Insurance our insurance agents will be glad to assist with any queries regarding life insurance matters.