Should I Buy More Home Insurance Coverage?

Your home insurance bill probably already seems high enough as it is, but your policy may not be protecting everything you need to protect. If you originally moved into your home without many assets but have slowly built them up over time, you might be surprised at how limiting your old policy is. Find out more about what better coverage can do for you from GTW Insurance if you live in NE Arkansas.

Understanding Your Role 

A home insurance company doesn’t want you to update your coverage merely for the sake of updating your coverage. Without limits that take into account all of your possessions and improvements in the house, you risk losing all the time, effort and money that went into obtaining those improvements. Whether it’s in the form of nice furniture or refinished floors, you need a way to keep all it all safe. And it’s part of the responsibility that comes with being a homeowner. Your provider has no idea that you purchased a new television, and therefore may not be liable to cover it should it be destroyed.

Getting Another Opinion 

Calling GTW Insurance is a great option if you live in NE Arkansas, and need another opinion about whether or not you need additional home insurance. You may have only made changes in your home that are of marginal value, meaning you can keep your policy as is. But you may have gaps that you aren’t even aware of, and the time to address that problem is now. It’s our job to make the changes easier for you. Before you’re faced with a surprise you can’t afford what is already going to be a difficult time, call our agency for more information about our policies and coverage limits.

Personalize Your Auto Coverage to Reduce Insurance Costs

Various aspects to include age, sex, location, lifestyle, driving experience and type of vehicle you own to determine the cost of your auto insurance. Some aspects are beyond your control; others can be used to your advantage to reduce insurance prices. Personalizing your auto insurance coverage in NE Arkansas gives you greater control over your costs.

Driving Experience

Young drivers often pay more for car insurance due to their lack of driving experience. Taking a driver defensive course qualifies young drivers for insurance discounts to offset higher premiums. Maintaining a good driving record can also reduce the cost of your auto insurance.

Type of Vehicle

The vehicle you buy can impact the cost of your car insurance. By choosing a make and model vehicle that’s cheaper to insure, you can avoid paying high insurance rates. Before buying a car, talk to your GTW Insurance agent to see if the vehicle you want can be insured at an affordable price.

Deductible

Your choice of coverage and deductible will affect the cost of your insurance premium. A higher deductible will lower your monthly insurance payments. When buying car insurance, consider the type of coverage you need. Bodily injury and property damage liability coverage is required by law in Arkansas. Other types of coverage such as collision and comprehensive are optional.

By discussing coverage options with your GTW Insurance agent in NE Arkansas, you can determine the best package for you. Personalizing your coverage will save you money on insurance costs while still providing the protection you need.

Lifestyle

The less you drive, the less risk you have of being in an accident, which can qualify you for a discount on your insurance. When possible, consider walking or biking to your destination as opposed to driving. This lifestyle change can benefit your health as well as your pocketbook.

Tree On The Line: Who Is Responsible For Tree Maintenance On The Border Of Your Property?

Is Your Deductible On The Line With That Tree On The Line

It is a relief that no one was hurt in the recent windstorm. With gusts up to 80 miles per hour, it was an intense weather event. As you look around your property, you notice that a tree has fallen. What’s worse is that the tree is a huge, tall one that interlopers with a tree on your neighbor’s property. In fact, your neighbor’s fence has also fallen as a result of the two trees coming down.

A Tale of Two Trees

GTW Insurance is right there when you call with the question. Who is responsible for the fallen tree removal and more importantly do you have to pay for the fence that has also fallen due to the windstorm? Consulting with your agent is the best thing to do in this circumstance since both trees are on the border of both properties. Also the fact that a natural weather condition was the precipitating event. Would the town have to be contacted to find out who is responsible for this act of God event? Which tree fell first? Well before you climb a tree in your NE Arkansas neighborhood let the experts help you figure it out. More than likely since the fence is not on your property you will not be liable for its repair.

If you make your domicile in the NE Arkansas area there is a great resource for you there. You will find the professional staff at GTW Insurance are relaxed and capable to assist you with all of your insurance inquiries. Even if you decide to purchase insurance elsewhere we are more than ecstatic to give you a quote for your home insurance policy. Getting a quote online is also a great option.

Myths About Auto Insurance

Most of what you have heard about auto insurance is likely not true. In fact, there are many different myths that people assume to be true simply because they do not know any better. GTW Insurance, serving NE Arkansas, wants to make sure that you know the truth behind some of these common myths. these are just a few that you may have heard:

  • You Can Avoid Paying Higher Rates After An Accident By Not Reporting It. Even if you think there is no way your insurance company will find out about your accident, if your accident involved another person, it will be reported through them. An accident can definitely result in your rates increasing but avoiding telling your insurance company will not stop it.
  • Red Cars Cost More to Insure. This could not be further from the truth. In fact, auto insurance is determined based on the make, model, age, body style, and engine size of the vehicle and the age, driving record, and credit history of the driver. The color of the car has nothing to do with it.
  • Your Rates Will Increase When You Get Older. While many think that as people get older their rates increase because of failing vision of slower reflexes, it is actually the opposite. That is because many insurance agencies see older drivers as having more driving maturity. There may even additional discounts that you can get if you are over the age of 55.

These are just a few of the auto insurance myths that you may hear about but knowing the truth about them can help you be better prepared to get a great auto insurance policy. If you are looking for one, be sure to contact GTW Insurance, serving NE Arkansas, today to get started.

What is the USA Federal Requirement for Auto Insurance?

Auto insurance is something that all drivers must hold in order to be legal when they drive. That being said, some drivers may not know what the minimum coverage is by federal standards. The agents with GTW Insurance in the NE Arkansas area can help you find out just how much coverage you need to be legal when you set out.

According to federal regulation, you have to have liability or minimum coverage of some sort. Though there is not a federal amount that is set that goes above and beyond the individual requirements of each state, the federal government does leave it up to each state to set their own requirements for minimum coverage for each state.

You can find out how much each state requires by doing a quick search. For Arkansas for example, the minimum bodily injury insurance that you must carry is $25,000 liability for each person. You must also carry $50,000 bodily injury liability per accident as well as $25,000 property damage liability per accident as well. Your agent can better explain what each item means but basically, your state is going to set a minimum requirement for your state that will allow you to legally drive and operate your car.

In some states, the coverage differs, a good example is that in California you only have to have $15,000 bodily injury liability per person. No matter where you live, it is important to have the right amount of coverage and to make sure that you are going to be both safe and legal when you drive. For those in the NE Arkansas area, the agents with GTW Insurance can help you find and adjust the policy that is going to be right for you each and every day.  

4 Tips For Saving On Home Insurance

There’s absolutely no reason to spend more on home insurance in NE Arkansas than what is absolutely necessary. Many people don’t even realize exactly how much their premiums are because they get hidden inside of escrow payments. However, if you lower your home insurance premiums, you lower your escrow, and therefore you lower how much you pay on your mortgage payment every month.

Get All Insurance from 1 Company

When you live in NE Arkansas, home insurance might not be the only type of insurance you need. You may also need auto, RV, life, and more. Rather than getting policies from different companies, get them from one. Companies reward loyalty in the form of discounts on your premiums.

Secure Your Home

Adding a security system reduces the likelihood of your home being broken into. This shows the insurance company that you are trying to deter crime – and you can usually get an insurance premium savings because of it.

Compare Rates

Take the time to compare rates from at least three different insurance companies. You may be surprised by how much the same level of coverage varies from company to company. The cheapest rate isn’t always the best, either – you want to get coverage from a company you can rely on.

Get Help from an Agent

It’s a good idea to work with an independent insurance agent. The difference is that an independent agent does not work for one specific insurance company. At GTW Insurance, we work with some of the top insurance companies across Arkansas, providing you with more options. It also allows you to get quotes and make better comparisons.

Getting help with home insurance is easier than you might think. Contact us at GTW Insurance to get quotes today. Our agents will be happy to help you every step of the way.

 

 

How the humidity can harm your home in NE Arkansas

NE Arkansas is a beautiful place to live, the Winters usually aren’t so bad, though the Summers can be a bit extreme. One thing that will never happen to you while you’re here: You’re not going to dry up. You scarcely need to moisturize your skin, and plants that demand a lot of moisture thrive here. The humidity has its upsides and downsides, of course. For instance, it can do some serious harm to your home.

The major concern is, of course, mold. If you live in California or Texas, you’re probably only going to have to make a GTW Insurance claim for mold repairs if you’ve allowed a leak to go on a little too long without being checked. In NE Arkansas you’re looking at mold damage just because your basement is a little stuffy.

The best way to prevent serious mold damage is to make sure that your home is well-ventilated. Make sure every room in your home, especially basements, attics, and bathrooms, can "breathe." Install windows and vents where they’re needed, consider investing in a good HVAC system, and a few room fans to keep the stuffier rooms aired-out during the hot, humid Summer months.

You will also want to make sure to keep an eye out for leaks. You’ll want to do a routine check every now and then to find leaks in your pipes. Anytime you feel dropped water pressure in the shower, for instance, you may want to look at your pipes.

With proper maintenance, you might never have to make a mold damage claim on your coverage through GTW Insurance.

Insurance Options for Families with Multiple Cars

If you have more than one vehicle in the family, you could qualify for reduced insurance rates by bundling your cars on a multi-car policy. A GTW Insurance agent in NE Arkansas can give you a better idea of how you can benefit from this insurance option.   

Type of Vehicle

A multi-car policy can benefit couples who own and drive separate vehicles for work or family obligations. Insurance costs may vary depending on the type of vehicles couples own. A foreign sports car, for example, is bound to cost more to repair in the event of an accident. As such, couples can expect to pay more for its insurance coverage. Family vehicles with multiple safety features will cost less to insure which will bring rates down. By making smart vehicle choices, couples can get the best rates on their multi-car policy.

Type of Coverage

The type of coverage you desire will also affect your multi-car policy cost. It’s always best to obtain the best coverage possible within your financial means so you will be prepared for any eventuality.  

If you both own new vehicles, you’ll need greater coverage to protect your investments. By adding comprehensive and collision coverage to your policy, you can protect your vehicles from property damage caused by major accidents as well as water damage, theft and vandalism. If you live in an area where these risks are high, you’ll shouldn’t forgo this coverage. There’s also the option of uninsured/underinsured motorist coverage as protection against drivers who lack sufficient liability coverage.

The right multi-car insurance policy can provide NE Arkansas drivers with adequate insurance coverage at an affordable cost. By discussing policy options with a GTW Insurance representative, you can make smart auto insurance decisions that will protect your investment and save you money in the long run.

Do You Really Need Auto Insurance?

Some people go back and forth about whether they need auto insurance in NE Arkansas. There are many benefits to having auto insurance, and it is also a legal requirement in the state. Whether you think you can afford it or not, it is something you will want to have so you can protect yourself.

What Happens When You Do Not Have Auto Insurance?

In the state of Arkansas, you have to have the minimum amount of auto insurance that is required by the state. If you do not have at least the minimum, you can face a lot of potential penalties including fines, loss of your license, loss of your registration, possible jail time, and more. If you are caught more than one time without it, the penalties are even steeper.

What is Required in NE Arkansas?

In Arkansas, you are required to at lease have liability coverage that is equal to the following limits:

  • $25,000 coverage for bodily injury to or death of one person in any one accident
  • $50,000 coverage for bodily injury to or death of two or more persons in any one accident, subject to the $25,000 per person limit
  • $25,000 coverage for injury to or destruction of property of others in an accident

What If You Cannot Afford it?

Even if you think you cannot afford auto insurance, there is always an available option for you. Also, you will end up paying a lot more if you are caught driving without it than you would pay for the auto insurance. Having auto insurance is also good if you want to protect yourself from other drivers on the road.

Contact GTW Insurance, serving NE Arkansas, today for more information, and so we can get you a quote that meets state requirements and you budget.

Why Home Insurance Makes a Difference

Your home is an emotional investment as well as a financial one. It’s a well-known fact that construction workers enjoy working on commercial properties much more than residential ones because homeowners just tend to be a lot more persnickety for the place where they raised their children or proposed to their spouse. Home insurance is that safety net that allows you to keep and rebuild the place that you love so much, and it can truly make the difference in times of crisis. 

Expectations and Reality 

Natural disasters happen everywhere, including NE Arkansas. We all know this, but the practical nature of those accidents are typically pushed aside in lieu of the more pressing events of the day. We would drive ourselves crazy if we always had to be constantly on edge for the next horrible thing to happen, and we would probably limit our productivity throughout the day too. The problem is that GTW Insurance knows this type of thinking lures us into assuming we’re safe, when really we know that reality means that circumstances can change in the blink of an eye. Home insurance makes a difference because it can make sure that we don’t end up in a situation we can’t get out of when things go wrong. 

Finding the Right People 

In NE Arkansas, you need someone who can walk you through the many parts of home insurance. There’s a lot to remember and consider, and having someone who can actually explain why you need a certain policy can really help you feel better about your choices when you make your final decision as well as your future should something go wrong. Give GTW Insurance a call today to find out more about how we can make it easier for you.