This article lists the many reasons why you should get auto insurance in Lexington. Read on to learn about the benefits of this financial program.</P> <H3><STRONG>It Is Required By the Law</STRONG></H3> <P>Most states, including Kentucky, require drivers to have insurance for their vehicles. At all times, they must carry proof of their policy that they can show to an enforcement agent who requests it. This legal mandate is a way for road users to be liable for any damage that they might cause in case they get caught in an accident.</P> <H3><STRONG>It Helps You In Case of an Accident</STRONG></H3> <P>If an accident happens, it will most likely cause damage to both vehicles caught in the collision. Depending on the severity of the crash, it may also lead to the hospitalization of the drivers and passengers.</P> <P>The driver that caused the incident will be required to pay for the repair of their own car and the vehicle that they collided with. They will also be charged a certain amount if they damaged the road severely. Aside from that, they will compensate for the medical bills of the people who were brought to the hospital. If they secured personal insurance in Lexington beforehand, all of the said financial burdens would be shouldered by their insurance company.</P> <H3><STRONG>It Can Cover Mostly Anything</STRONG></H3> <P>Most car insurance policies are pretty expensive, but that is understandable since pricier options tend to be more flexible and useful. In most cases, programs that you can get at a higher rate also have wider coverage, including added protection for the wheel, tires, and other specific parts of the vehicle.</P> <H3><STRONG>Get Car Insurance Today!</STRONG></H3> <P>These are just a few of the many advantages of getting auto insurance in Lexington. If you want to reap all of these benefits, contact an agent and inquire about the options available to you. They will be happy to let you know about the different policies that their company offers.
Life Insurance</STRONG></H3> <P>This is the most important insurance coverage you can’t go without. If you have your own family, they can use this after your death to compensate for lost income, pay for your children’s education, and even settle debts.</P> <P>If you’re single, you can have your family members, such as your sibling, cousin, or whoever you trust as your beneficiary. If you don’t have a policy but you’re a working individual, it’s best to check with your employer since most business owners provide group life insurance.</P> <H3><STRONG>Auto Insurance</STRONG></H3> <P>If you own a vehicle or have recently purchased one, you should get auto insurance that includes collision and liability coverages as soon as possible. This will help protect your vehicle if ever you get into unprecedented situations.</P> <P>If you get into a collision, your auto insurance will cover the damages incurred by your vehicle. In the event that you’re at fault and the other party got severely injured, it will also help you pay for medical expenses and legal defense costs.</P> <H3><STRONG>Property Insurance</STRONG></H3> <P>The last one is the homeowner’s insurance. Your home is your greatest asset, so it’s only true to give it the protection it deserves. This policy is actually mandatory for most people who have a mortgage.</P> <P>But, if you don’t own a property yet, you can get renters’ insurance. This can cover replacement costs if your dwelling gets caught on fire, damaged due to a disaster, or targeted by a burglar. Both of these policies can also protect you from liability if someone gets injured inside your home.</P> <P>No matter which insurance policy you choose, remember that there are factors that can affect your premium cost. It’s a good thing that Nicholson Insurance can help you find the solution that fits perfectly for your needs. Contact us today to learn more.
Mortgage Requirement</STRONG></H3> <P>If you’re planning to apply for a mortgage in the future, having a homeowner’s insurance policy beforehand can save you from all the hassle. This is because most lenders require their borrowers to submit proof that their property is adequately insured.</P> <P>Lending institutions and banks usually put up 80% of a property’s value in cash, which is why they want borrowers to have an insured property. However, if your home isn’t insured yet, your lender may buy the insurance for you. But there’s a possibility that it’ll only cover the person who bought it, and it can be more expensive.</P> <H3><STRONG>Financial Security</STRONG></H3> <P>This type offers an extensive policy where you can protect not just the building itself, but also your other belongings from theft, natural disasters, and other causes. The insurance may help cover other parts of your home, such as your garage, fence, and shed.</P> <P>This gives you financial security since the policy can also help you replace your possessions. Carefully read your policy because there’s a great chance that you’ll get the equivalent amount of money you lost.</P> <H3><STRONG>Less Stress</STRONG></H3> <P>Knowing that you have an insured property can give you the peace of mind you always need. You won’t have to stress too much about the condition of your home in case something happens. There’s no need to worry about how you can afford to replace or fix anything in your home!</P> <P>You can avoid any unexpected financial problems since your home’s insurance can cover you. That’s why you have to regularly check your policy to make sure that your coverage is always up-to-date. This way, you can be safeguarded from any event that may damage your home.</P> <H3><STRONG>Keep Your Home Safe</STRONG></H3> <P>Your home’s number one role is to protect you and your family. That’s why it’s best to have property insurance as soon as you can. Having one is a good thing, and Nicholson Insurance can help you with it!</P> <P>We offer home insurance for Lexington, KY residents. We also have different policies to help you determine what suits you best. Reach out to us today, and we’ll get the protection your home needs!
What Does It Cover?</STRONG></H3> <P>This insurance has different levels of coverage. Here are some of the basic benefits you can get from each:</P> <P><STRONG>Death Coverage</STRONG></P> <P>When you have this policy, you will be protected from the financial costs if the horse gets into an accident or contracts an illness and passes away. It may also cover the removal and disposal of the animal’s body.</P> <P><STRONG>Major Medical Coverage</STRONG></P> <P>If the horse gets involved in an accident or contracts an illness that needs comprehensive medical care, the policy can cover your expenses. The amount limit of this coverage is $15,000.</P> <H3><STRONG>How Much Does It Cost?</STRONG></H3> <P>Each policy may vary due to several factors. First is the age of the animal. If your horse is already old, there’s a chance that you’ll pay a much higher premium since it has a greater chance of becoming ill. The second factor is the animal’s purpose. The activities it does can carry different levels of risk. If the horse is used for hunting, it’s considered as high-risk.</P> <P>The third factor is the additional coverage you want. The basic policy only covers death and medical expenses, but you may opt for additional coverage, which includes vet fees. This will increase your premium, but it’ll definitely save you a lot of money should the animal need any medical care.</P> <H3><STRONG>Does It Have Any Exclusions?</STRONG></H3> <P>Like other insurance policies, this one also has its own exclusions. For one, under major medical coverage, it won’t cover any expenses if the horse suffers from a pre-existing medical condition before you get the policy. It won’t also cover alternative treatments, elective surgery, regular maintenance, and corrective shoeing.</P> <P>The coverage is only offered to those who own horses used for sports, show, and breeding. Another thing is the age limit. This policy is only available to horses with ages ranging from 90 days to 20 years.</P> <H3><STRONG>Cover Your Horse Now</STRONG></H3> <P>When it comes to equine insurance, you can rely on us at Nicholson Insurance! We can help you out with your needs by creating a policy that’s best suited for you and your horse. Reach out to us today to learn more.
Find the Right Insurance Company</STRONG></H3> <P>Working with the right insurance provider is crucial since they’ll play a big role in protecting your property. Before calling a company, make sure to do your research first. Look up the company’s website and review the information they’ve provided.</P> <P>Read about their organization and the reviews they have. You can also try to look for other websites where people can provide their feedback to a certain insurance provider. Try to have at least two to three choices and compare the policies they offer.</P> <H3><STRONG>Learn About the Different Types of Farm Insurance</STRONG></H3> <P>There are different policies you can choose from when getting farm insurance, which is why it’s best to review the available policies. One example is the farmer and ranch home insurance. This is the best choice for you if you live on a farm that you own.</P> <P>Another example is the farm and ranch property insurance, which is good for people who own a farm but do not live on the property. There’s also a policy for some who live on a farm they rent, called farm and ranch renters insurance.</P> <H3><STRONG>Choose the Type of Coverage You Want</STRONG></H3> <P>Having the proper coverage is essential when getting any type of insurance. There are different coverages available for farmers. That’s why, when choosing, it’s better to consider everything on your farm. If you have a small family farm, you should get insurance that covers residential property damage. This will include non-farming buildings, your home, and other personal property.</P> <P>There’s also farm property damage coverage, where your farm equipment, supplies, buildings, and products can be protected. You should also check the level of public liability of the policy you’re eyeing to make sure that you’re protected from legal responsibility in case of personal injury or property loss.</P> <H3><STRONG>Protect Your Agribusiness Now</STRONG> </H3> <P>To make sure that you pick the right farm insurance in Lexington, KY, it’s best to contact Nicholson Insurance. We have agents who can help you choose the policy that fits you best. Reach out to us today, and we’ll be happy to assist you!
What Is GLI?</STRONG></H3> <P>GLI is also known as business liability insurance. This protects business owners from financial loss should they be liable for any claims that involve property damage or bodily injury.</P> <P>The law doesn’t require businesses to have a general liability policy. However, not having this puts your livelihood at risk. GLI will prevent any financial disaster a business may encounter if it ever gets sued.</P> <H3><STRONG>What Are Its Components?</STRONG></H3> <P>Your business can benefit a lot from GLI’s coverage. The policy has bodily injury coverage, which includes loss of services, cost of care, and restitution for any death. This also covers property damage if your business caused physical harm to another’s property. This also includes loss of use of the property.</P> <P>Another thing included in GLI is products-completed operations, which provides protection if your products or services caused an injury to someone else. GLI offers specialized product liability, as well. You also don’t need to worry about entering a variety of contracts since this policy gives contractual liability, too.</P> <P>You’ll also have the following coverage under GLI:</P> <UL><LI>liquor liability</LI><LI>reasonable use of force</LI><LI>borrowed equipment</LI><LI>water damage liability protection</LI><LI>personal injury</LI><LI>advertising injury</LI><LI>legal defense costs</LI><LI>medical payments</LI><LI>non-owned vehicles</LI><LI>lightning, fire, or explosion damage</LI><LI>specialized liability protection for specific business types</LI></UL> <H3><STRONG>Why Do You Need It?</STRONG></H3> <P>Over the last decade, the chances of getting sued have increased. Nowadays, liability claims are common, and it can cost you a lot of money. According to Hartford’s analysis of claims data (2010 to 2014), 4 out of 10 businesses may experience a liability claim.</P> <P>One of the leading cases is slip and fall. If someone slips and falls in your establishment, the claim may cost you an average of $35,000. But if it leads to a lawsuit, it may increase to more than $75,000. Without GLI, you’ll have to pay for a huge amount with money out of your own pocket. In the worst-case scenario, this may lead your business to bankruptcy.</P> <H3><STRONG>Protect Your Livelihood</STRONG></H3> <P>Don’t wait for something to happen. Start protecting your business with the help of Nicholson Insurance. We offer general liability insurance to ensure that our clients have something to safeguard their huge investment. </P> <P>At Nicholson Insurance, we have a team of professionals who can help you understand the importance of having GLI. Don’t hesitate to reach out to us today, and we’ll be more than happy to assist you.
Available Equine Insurance Policies</STRONG></H3> <P>You can get four main types of coverage when your horse gets sick or injured. The following helps protect you from financial issues in different scenarios:</P> <OL type="1"><LI>Loss of use insurance provides you with compensation based on a portion of the stated value of your horse. The standard coverage allows claims when your horse becomes permanently unable to perform its assigned tasks caused by injury and illness from an accident or disease.</LI><LI>Mortality insurance covers costs when a champion, working, or companion horse dies, is euthanized, or in some policies, stolen.</LI><LI>Major medical insurance companies offer full veterinary care coverage if your horse falls ill from disease or gets injured. The premium you get for emergency treatments and surgery depends on the horse’s value, use, age, sex, and breed.</LI><LI>Liability insurance protects you if your horse causes damage or injury to a third party or their property. If taken to court, the policy covers legal costs and the awarded damages claims.</LI></OL> <H3><STRONG>How to Determine Your Horse’s Value</STRONG></H3> <P>It is essential for all types of <A href="http://nicholsoninsurance.com/insurance/equine-insurance/">horse insurance</A> to specify your horse’s value as accurately as possible. The assessment is affected by its breed, age, sex, rearing, and intended use. For example, a show horse you bought and trained for thousands of dollars would have a higher value than a locally raised farm horse.</P> <H3><STRONG>Where to Get Equine Coverage</STRONG></H3> <P>Get in touch with our competent and experienced team at Nicholson Insurance. We’ll guide you through learning more about our available policies that suit your needs. Start protecting your prized horses today with a loss of use insurance.
What if You Don’t Have Home Insurance for Renovations?</STRONG></P> <P>If you already spoke with your insurance agent, and they’ve clarified that renovations are not included in your current coverage, you may purchase policy changes. Depending on the scope of your remodeling, your provider may recommend the following updates to your home insurance:</P> <UL><LI><STRONG>Increase your premium.</STRONG> An insurance premium is the amount you pay the insurance company on an agreed-upon term. Having a higher premium provides you with higher coverage.</LI><LI><STRONG>Upgrade your liability coverage during construction</STRONG>. Ensuring that your liability insurance can cover any damage or injury during renovation can help you with medical bills from on-site accidents.</LI><LI><STRONG>Increase your personal assets insurance.</STRONG> Having a higher premium to cover unexpected damage on your valuables during renovation can be highly beneficial. If your expensive appliances like TV sets, gaming consoles, and even valuable artworks get damaged, you may file a claim.</LI><LI><STRONG>Add a “dwelling under construction/renovation” provision</STRONG>. Including this type of coverage on top of your existing homeowners insurance will give you an extra safety net if your building materials get stolen or damaged. You may file a claim if the incident happened on-site or while the materials are en route.</LI></UL> <P><STRONG>Talk to a Trusted Insurance Agency</STRONG> </P> <P>Most home remodeling projects you’ll take on can cost too much for standard coverage plans. Basic insurance also tends to be too limited to match your property’s value after renovations. For more helpful information and accurate policy quotes, get in touch with us at Nicholson Insurance.
