Covering your RV with adequate insurance

There are different kinds of RV’s so obviously, there would be different levels and types of insurance for your RV. A motorized RV can be as expensive as a house, while a trailer can be worth just a couple thousand dollars.  In Arkansas liability is required for a motorized RV, just like it would be for an automobile. The GTW Insurance agency in NE Arkansas has  a wide variety of RV coverages available.

Also similar to automobiles, you can get RV insurance on the unit itself as well as its contents. There is a collision and comprehensive coverage available. Collision only covers major damage to the vehicle or trailer, and while it is the cheapest, it also covers the least.

A comprehensive policy costs more but covers just about anything that could happen to your RV. Hail damage from storms or wind damage could be covered by such a policy. Contents can also be covered, or you could get a separate policy on valuables inside your RV. The question is how much you want to spend. There are several levels of insurance, and you can get anything you want to be covered.  This type policy would also cover theft, though not many RV’s are stolen. You could also get coverage for fires, which could happen if you are cooking in an RV.

Visit the GTW Insurance agency in NE Arkansas and let them help you find the RV insurance you need for your individual situation. You can get the level of coverage you are comfortable with, depending on your budget.  It can be confusing as there are several types of RV’s out there and whether or not it is motorized makes a big difference. Your automobile coverage does not cover your RV in most cases, and in Arkansas, some liability insurance is required.

Do You Need Full Coverage Motorcycle Insurance?

If you have never owned a motorcycle, or have questions about the level of coverage you selected, the following information will help you determine if you need full coverage or basic liability coverage to protect you in the event of a collision or some other type of accident.

Are You Financing?

If you are making payments on your motorcycle, most likely you are required by your lender to keep full coverage insurance so their investment is protected. Even if you purchased your new motorcycle outright, and do not have to make payments, you are going to want to protect your investment by purchasing full coverage insurance. There are different ways to tailor your motorcycle insurance to fit your individual needs. Keep in mind, however, the lower the deductible, the higher the monthly premium.

Do You Have An Older Motorcycle?

If you own an older motorcycle, you can adjust the coverage to only include liability. Make sure that you feel comfortable with minimal coverage, because, in the event of a covered accident, you will not be able to repair or replace it.  Before making a decision, it is best to weigh your options to find the solution that is best suited to you. If you live in or near NE Arkansas, GTW Insurance would like the chance to discuss your needs and help you obtain the coverage you need to protect you on the open road.

Making informed decisions is the best way to protect your investment.  For residents around NE Arkansas, GTW Insurance can give you the insurance products you need and answer any questions you may have. Call or stop in today for more information.

Are automobiles owned by my company covered in my commercial policy? If not, is the auto insurance different?

Your business and your home are your biggest investments, and you can protect them with insurance policies. However, it can be confusing what is covered under your commercial policy. If you are in NE Arkansas, GTW Insurance can help you understand the best way to cover yourself in case of accidents.

Regular liability insurance will cover claims of injury or property damage caused by an employee of your business. It will also cover accidents, such as if someone falls down while on your property.

While commercial liability insurance is not mandatory, it will protect your assets so that injured parties cannot claim them for damages. You could theoretically lose your business if you choose not to protect it.  Also, Arkansas has something called “modified comparative fault.” People trying to sue your business will need to prove that they are less than 50% at fault for the damages.

Automobiles Owned and Used by your Insurance

Arkansas also has a specific requirement that anyone using a personal automobile for work purposes must carry minimum automobile insurance. If you are using your personal car or truck for work, you should probably obtain a commercial automobile insurance policy.

Rates and coverage will vary, and you will need to make sure that your insurance policy covers you based on your circumstances. Besides reading the policy, it is important to discuss with your agent exactly what the vehicle will be used for.

The Arkansas Insurance Department regulates all insurance policies sold in the state, to help protect you and your consumers. If you need help figuring out whether you have enough coverage, or want to compare your various options, you can call GTW Insurance, which serves NE Arkansas.

Does Umbrella Insurance Cover Property?

Umbrella insurance is just that, and extra policy that is going to help cover any issues that your typical policy might not cover. For those that are interested in looking at an umbrella policy, it might be helpful to first understand what an umbrella policy is. For those that live in the NE Arkansas area, the agents with GTW Insurance can help you to find out just what type of umbrella policy you might need.

An umbrella policy is an insurance policy that is used to help beef up or make an existing policy better. It covers a wide range of things from your car to your home, to your personal property and more. Since an umbrella policy is not typically applied to any one policy, it is simply an extra measure of safety to make sure that if something does happen, you have insurance to help you cover the cost. Anyone can take out an umbrella policy and it can be applied to nearly any different situation that you might imagine.

The real issue that you want to worry about is the size of the umbrella policy that you have. If you are accident prone for instance and you do not want to take out an extra or a larger car insurance policy to cover, you can take out an umbrella policy to help cover any issue you might come across. This type of policy is going to give you extra insurance coverage on top of what you are already paying for. Do all people need an umbrella policy, not necessarily, but if you are traveling out of the country or doing something else out of the ordinary, you may want one. For those in the NE Arkansas area, the agents with GTW Insurance can help.

Renter’s Insurance Covers What Other Policies Don’t

You might think just because you don’t own your home that you don’t need insurance. However, this isn’t the case. Renter’s insurance from GTW Insurance, serving NE Arkansas and the surrounding region, has other benefits.

1. Coverage for Traveling

If you travel or go on frequent business trips, you could find benefit in having a renter’s insurance policy for this reason alone. Whether you travel for business or pleasure, you have insurance that’ll protect the belongings you travel with. In some cases, the policy covers whether you travel within the states or out of the country.

2. Your Belongings

Your renter’s insurance policy may cover your belongings. That means, if your possessions should happen to get stolen or damaged, your policy will provide you with compensation, so you’re able to replace the items.

3. Damage You Cause

Let’s say your hot plate catches your curtains on fire. If the fire spreads to your neighbor’s apartment or townhouse, you could find yourself responsible for any damages it causes, especially if the other person doesn’t have renter’s insurance. Your renter’s insurance policy will cover any damages to your neighbor’s dwelling or possessions.

4. Accidents

Let’s say your neighbor parks their car in front of your houses, and you accidentally hit it pulling in. You may not have to file the claim on your car insurance if you have a renter’s insurance policy.

5. Keeps the Landlord Happy

If you’re living in a place somebody else owns, they don’t want to be responsible for everything that happens inside of the home. With renter’s insurance, the landlord doesn’t have to be responsible for everything you do while you live in the residence.

Get a quote for a renter’s insurance policy by calling GTW Insurance, serving NE Arkansas and the surrounding area, by calling 800-501-2066.

Renter Insurance coverage options by GTW Insurance

Just like other states and cities, some people in Arkansas live in rented apartments or homesteads. It is unfortunate that since they are renters, they do not buy insurance coverage. Some do not buy it because they do not understand what renters’ insurance covers. GTW insurance offers renters with a wide range of coverage options and educates the residents on the benefits and needs of having such a coverage.

Although NE Arkansas is a beautiful place to live, the area experiences natural disasters.However, the risks covered by GTW insurance are not natural disasters; they are unforeseen accidents that can cause significant financial lo or even physical injury to a renter.

Some of the coverage and perils that are protected under GTW include:

Loss of use coverage– this coverage caters for any expenses that will arise if your NE Arkansas apartment building is under repair after an accident or a natural peril. The loss of use coverage takes care of the expense that may arise from a neighbor of yours who has a covered loss that affects your home too.

Medical payment to others cover-it may sound rare, but this cover takes care of your guests’ health needs when they suffer a minor injury while in your home. The injury is not necessarily as a result of your negligence as a renter. The coverage takes care of the medical bills as long as the injured party does not make a liability claim later.

Renters Liability coverage– This policy covers for losses that you as a tenant causes to someone else or any damage to your apartment. It covers other expenses that are involved with lawsuits in the event of damage or injury.In the case of a fire, it is this coverage that protects you as a renter.

Please feel free to visit our website for more information.

3 RV Travel Destinations

Adventuring is what owning an RV is all about. If you’re new to RV travel or just don’t know where the hot spots are, you’d be surprised to know, spots exist all over the country. And you can see it all safely by getting insurance from GTW Insurance, serving NE Arkansas and the surrounding area.

1. Madison Arm Resort

If you’re looking for a spot that’s near Yellowstone, but not actually in Yellowstone National Park, check out Madison Arm Resort. It rests on the shores of Hebgen Lake. The park has several areas loaded with trout. You can witness wildlife in its natural habitat including elk and bison. Keep in mind, you’re extremely close to Grand Loop Road, where you’ll be able to witness Old Faithful and the Grand Canyon of Yellowstone.

2. Key West, Florida

Although you might not typically associate Key West with camping, the area has over 60 sites fully equipped with water and electric hook up. You’ll need to check on the sizes of RVs allowed on the site, but any site you select comes standard with a picnic table and a grill, so you receive the benefit of camping without the struggles.

3. Colonial Williamsburg, Virginia

History buffs aren’t the only ones who can enjoy Colonial Williamsburg. The area consists of over 301 acres of ground. You’ll be amazed at the 88 original pieces of history. Visit numerous shops or view the hundreds of vintage homes in the region. Explore the area during the day and truly get to experience history where it happened. At night, enjoy the comforts of your RV without the fuss of a huge campground.

Contact GTW Insurance, serving NE Arkansas and the surrounding area, to get the insurance you need to travel safely in your RV. We’re available at 800-501-2066. 

Motorcycle Insurance: Understanding Your Basic Needs

If you’re new to motorcycle riding, shopping for motorcycle insurance may be a challenge. Insurance options vary depending on the type of motorcycle you ride, how you utilize your bike, your riding experience, etc.

At GTW Insurance, NE Arkansas, we can help you select motorcycle coverage conducive to your needs. The following gives a brief summary of the different kinds of motorcycle coverage you can choose from to protect your interests.

Liability Insurance

Bodily injury and property damage liability coverage, a requirement for motorcycle riders in Arkansas, helps pay for injuries and property damage of others in an accident you cause. In Arkansas, the minimum limits for this coverage are:

  • $25,000 bodily injury per person
  • $50,000 per accident (involving 2 people or more)
  • $25,000 property damage

You can, however, purchase a policy with greater liability coverage if you desire.

Medical Payments

This coverage helps pay for your medical expenses in case you are injured in an accident. If you spend a lot of time on the road, this coverage could be a precautionary measure against accidents.

Collision and Comprehensive

Collision coverage pays for property damage to your motorcycle in the event of a crash, regardless of who was at fault. If you opt for full replacement cost, your insurer will cover the cost of replacing your bike if it is totaled.

Comprehensive insurance covers theft and damages from non-collision causes such as inclement weather, fire, etc. If you own an expensive motorcycle, collision and comprehensive coverage are a must to protect your investment.

Uninsured/Underinsured Motorists

At some point, you may be involved in an accident caused by an uninsured or underinsured motorist. This coverage helps pays for bodily injuries or damages you may sustain in the accident, so you don’t have to pay out of pocket.

If you’re in the market for motorcycle insurance, contact GTW Insurance, NE Arkansas, today to get a customized policy that’s sure to meet your needs.

Essential facts about life insurance

Whether you are young, middle-aged or old, you need to plan the future of your loved ones even after you are long gone. There is nothing more satisfying than knowing that your family is protected from life adversities even when you are dead. But how do you protect them?

You protect your loved ones by purchasing a life insurance policy. However, before you commit to any insurance policy, you need to know all the facts about life insurance. Life insurance is a worthy investment, and therefore, it is best that you do extensive research before you sign any agreements.

Luckily, with NE Arkansas, GTW Insurance, you need not stress so much. We have well-trained employees who are always ready to give you all the information you need before you commit to any policy. To get the best life insurance cover, here is a glimpse of some of the essential facts about life insurance to help you make an informed decision.

  •   Never Lie

When applying for life insurance, you will be subjected to a few questions to help us determine the best life insurance coverage for you. It is critical that you don’t hide any information. For example, if you are a drunkard or a smoker, you need to give this information otherwise, if the truth is discovered along the way, your policy may be terminated, and you will end up losing all your money.

  • Stay healthy

If you want to have a cover that is not expensive, try and stay healthy. In most cases, people with healthy bodies end up paying fewer premiums since their probability of death is low than those who live reckless lives or those who take drugs.

  • Don’t assume it

Most people think that only the old and dying should have a life insurance policy. On the contrary, it is the young and the healthy who should be applying for this policy. In that way, you will be able to save more and also; you will have time to make an informed and not in a rush decision.

Do not hesitate: Contact us today and get more information on the facts about life insurance. GTW Insurance which serves NE Arkansas is always here to serve you. We are here because of you.

Do You Need Boat Insurance If Your Boat is Paid Off?

At GTW Insurance, serving the greater NE Arkansas area, one of the questions that we are frequently asked about boat insurance is whether you are required to carry it if your boat is paid off. If the boat is not paid off, the lender likely requires you to carry full coverage boat insurance to protect their investment. But if it is paid off, you may wonder if you need to still carry insurance. Here is some information you need to know.

In the state of Arkansas, you are only required to carry boat insurance if it is required by the lender if your vessel has an engine of 50 horsepower or more. This is typically the case with speed boats or large boats. If the engine has a smaller horsepower and the boat is paid off, you are not required to carry insurance. If the horsepower is 50 or more, you are required to carry at least $50,000 in coverage. You will not be able to register the boat without proof that you have this amount of boat insurance coverage.

While you may not be required to carry boat insurance, it is always wise to do so. Not only does it protect your investment in the boat if the boat were to crash, get stolen or become damaged, but it protects your personal finances in case you hit another boat or a person while out for a day of fun on your boat. The insurance pays out claims for these types of accidents as well, helping to protect your finances. If you need boat insurance in the greater NE Arkansas area or are interested in learning more about it, give GTW Insurance a call today. Get a free estimate or schedule an appointment to talk to one of our insurance agents.