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.

What does RV insurance cover?

RVs, also known as Recreational Vehicles, come in a variety of shapes and sizes. Travel trailers, popup campers, fifth wheels, and motorhomes are all types of RVs. Depending on what type of RV you own and where you are, RV insurance may or may not be mandatory. But in most cases, RV insurance is optional as per state laws. That’s because campers are towed behind the car and not driven. But that doesn’t mean that you don’t need coverage.
RV Insurance Coverage Options 
With the high number of different RVs in existence, one policy can’t provide enough coverage for all your RVs (assuming you have more than one). But how many people have more than one camper out there? Not a lot. Coverages vary widely between campers and motorhomes. Common RV insurance coverages include:
  • Collision. If you get in an accident with another car, RV collision coverage will pay for the damage to your motorhome or RV irrespective of who’s at fault.
  • Comprehensive. If any non-collision damage happens to your RV or motorhome, comprehensive coverage will cover it. This RV policy covers anything from damages resulting from storms, flood, fire, and falling objects to theft and vandalism.
  • Bodily Injury and Property Damage Liability. If in an accident, your RV causes injuries or damage to third party property, this coverage will pay for it.
  • Uninsured/Underinsured Motorist Protection. If someone hits your RV and runs, or they don’t have sufficient insurance to cover the damage, this coverage kicks in.
Optional RV insurance coverages include custom equipment, total loss replacement, personal effects, vacation liability, and roadside assistance. If you are looking for RV insurance in NE Arkansas, GTW Insurance is your go-to provider. We offer all types of RV insurance you may need for your camper. For more information about available RV insurance coverage options, call us and talk to one of our agents.

Is Motorcycle Insurance Mandatory?

According to the Motor Vehicles Department in Arkansas, everyone is required to be financially responsible for injuries or damages they cause to others. So, every motor vehicle used on the roadway needs to have liability insurance, and this includes motorcycles. If you don’t get the appropriate motorcycle insurance policy from insurance agencies like GTW Insurance, you could end up spending thousands of dollars in damages out of pocket.

Arkansas motorcycle coverage minimum coverages

Motorcycle insurance in NE Arkansas is governed by several state statutes. The statutes require that motorcycle owners carry coverage with the following minimums:

  • $ 50,000 for injuries or death to more than two individuals
  • $ 25,000 for injuries or death to one person
  • $25,000 for destruction or damage to property

Note that these are just the state’s minimum coverage options. You can exceed these coverage amounts by staying in a hospital for just one night. Although this is a “no-fault” state, it doesn’t necessarily mean that the other party won’t try suing you, exposing you for more financial hardship. As a result, you should consider carrying a coverage that exceeds the set minimums.

Common motorcycle coverages

  • Collision – This is a protection that will cover your motorcycle whether you were at fault or not. It may or may not include underinsured or uninsured coverage, so consider adding it for added protection.
  • Uninsured coverage – 15.9 percent of motorists in Arkansas are uninsured, making it essential for you to have this policy. It protects you against an uninsured driver.
  • Bodily injury – this is a protection that will cover some costs if you cause injuries to someone in an at-fault accident. This plan is essential since it also includes your passengers.
  • Comprehensive – the coverage will protect you against non-accident losses like water, wind, fire, vandalism, and theft.

The penalties for failing to have insurance coverage vary depending on the situation at hand, but they will include suspension and reinstatement fees. You can contact GTW Insurance serving the NE Arkansas area to get more information regarding the requirements for motorcycle insurance in the state.

How Can Life Insurance Affect Your Student Loan Debt?

Most people don’t connect life insurance and student debt together, especially when you consider that most people straight out of college are more concerned with getting a job than setting up a life insurance policy. But you may be surprised to hear who would be on the hook to pay your debt if something were to happen to you. If you live in NE Arkansas, consider the following information, courtesy of GTW Insurance.

It’s On the Spouse or Co-Signor

From funeral arrangements to utilities to student loan debt, it’s typically your spouse’s responsibility to cover all of the costs. And these costs can end up being higher than anyone could have ever imagined. If your spouse can’t pay for it, they’ll have little recourse to help. All of your possessions will be used to pay off collectors, no matter who you tried to give them to in your will. If you’re not married, the responsibility of your student loan will fall on the co-signor of the loan. To safeguard the people who trusted you to be there for them, life insurance can be used to ensure that everyone can stay on their feet.

Calling GTW Insurance

While the odds a young student will need life insurance are low, it never hurts to be prepared. And the good news is that the students of NE Arkansas may be surprised to hear just affordable life insurance can be! For more information, call GTW Insurance to find out how life insurance keeps the people that you love the most out of financial hot water during the worst of times. We’re here to make it easier for everyone to get what they need so no one ends up being held responsible for a debt they’re unable to pay.

Do I Need Boat Insurance When I’m Not Using It?

If you want to legally operate your boat in NE Arkansas, you will have to purchase a boat insurance policy. The minimum amount of liability insurance required is $50,000, which was set by the Department of Finance and Administration.

However, many boaters wonder if they need to keep this boat insurance in place when it isn’t in use. After all, canceling the policy can help you save a significant amount of money each month.

Learn more about the importance of boat insurance here, and why it is best to keep a policy, even if your boat won’t be on the water.

The Importance of Boat Insurance at All Times 

When you are on the water, there is no question that you will need to have adequate boat insurance. This helps protect your property, yourself and cover any damages or injuries that may occur while on the water.

However, issues can still arise when you aren’t on the water, and even when your boat is parked for the season.

For example, what happens if you are pulling your boat to storage, or just taking it to a new location and you are involved in an accident. If damage occurs to your boat, and you don’t have adequate insurance coverage, you may have to pay for repairs out of your own pocket. Don’t worry, GTW Insurance can help you get the coverage you need.

Storm Damage and Other Natural Issues 

The storms in NE Arkansas can be bad at times – so bad that trees fall, and property damage occurs. This is another situation where you need active insurance for any damage that may occur to your boat, due to a storm or other natural event.

There are some policies that will also cover issues such as vandalism, theft and more. Without coverage in place, you would either have to “swallow” the damages or pay for the needed repairs out of your own pocket.

To learn more about boat insurance and the reason it is best to keep a policy in place throughout the year – even when your boat isn’t being used, contact the professionals at GTW Insurance. They can ensure that you get the coverage and protection you need.

7 Questions to Ask Your Motorcycle Insurance Agent

When it comes to motorcycle insurance, it is important to get the right coverage. In NE Arkansas, there are options for this kind of insurance, but getting coverage through the best company for a particular person’s needs is vital. Here are seven questions to ask a motorcycle insurance agent.

1. Is coverage required?

2. How high is the deductible?

3. Who can answer questions or address concerns?

4. What company is the insurance through?

5. How often are premiums paid?

6. What does this insurance not cover?

7. Can coverage be changed as needed?

It’s vital to be sure that there is a good understanding of motorcycle insurance needs, and GTW Insurance can help with that. With knowledgeable agents and the ability to provide quotes from a number of different companies, it is easy to get the necessary information to choose the right policy. It may seem like all policies are basically the same, but that is not the case. There are plenty of differences to consider, and not being covered because of a misunderstanding can be a serious issue for anyone who rides a motorcycle. Having protection is very important, and getting that coverage should be a priority.

When a motorcycle rider in NE Arkansas is looking for good insurance protection, they should reach out to GTW Insurance to start getting the help they need. They can get their questions answered and make sure that the policy they choose is the right one to protect them as they enjoy their motorcycle. Feeling safe and secure, and having peace of mind, are very valuable. The right insurance policy is a big part of that. Be sure to ask the right questions, and that peace of mind will be stronger the more knowledge the motorcycle rider has.

Is RV Insurance Considered Recreational Vehicle Insurance?

An RV is a huge investment and for many having the right insurance policy in place to protect your RV is a must. There are some different issues that you may have to contend with taking out an RV insurance policy but they are small compared to the huge benefit you get from having your RV insured. For those in the NE Arkansas are, the agents with GTW Insurance can custom build your perfect policy.

An RV is considered to be a recreational vehicle but does that mean that the insurance policy that you take out is also considered a recreational vehicle policy? The simple answer is yes by default. In most cases, if you take out a secondary policy that only covers your RV it is going to be considered a recreational vehicle policy and it may also cover things like ATVs and other smaller sports vehicles. For those that take out a policy that only covers the RV, you are going to be taking out a recreational vehicle policy.

You can also cover your RV on your auto policy, however. Since it is a vehicle and does have an engine, you can take out additional coverage on your auto policy to help cover any damage to your RV. This is the option that most people take as recreational vehicle policies can be expensive and not really cover much. It is important that you take the time to really look at what your policy covers and to take the time to make sure that your RV is covered no matter what.

For those that live in the NE Arkansas area, the agents with GTW Insurance can help you to find the policy that is going to work best for your RV and for your specific needs.