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Are You Covered if Winter Weather Damages Your Home?

Winter is the time of year for snowball fights, skiing, sledding, and cozy evenings by the fire. However, despite the joys of winter, the weather can be harsh and unyielding. If you’re a homeowner insured by IRM Insurance, winter weather can really damage your home if you don’t take proper precautions. Read on to discover more about what damages may be covered by your homeowner’s policy. 

1. Flooding

Most of the time, water damage to the home due to frozen pipes will be covered by your homeowner’s policy. However, you will have to demonstrate that you, as the homeowner, took proper precautions against the freezing of the pipes. You should insulate your home properly, use heat tape, and keep the home’s temperature above freezing to prevent frozen pipes. 

If your roof is damaged in a storm or windows are broken, you may experience water damage. Typically, these damages are covered. However, if water comes in from the outdoors, such as if your area gets excessive rain or snowmelt, that type of flooding is not usually covered by the typical homeowner’s policy. Contact your insurance agent to add flood insurance to your policy to make sure that all types of flooding damages are covered.

2. Falling Limbs or Trees

If a tree or tree limb falls on your home, typical homeowners’ policies will cover the damages. Also, these policies usually extend to your outbuildings, garages, and structures like fences. However, insurance policies will not cover the cost to remove dead trees or trim tree limbs before they fall on the house.

3. Wind Damage

If a severe storm damages your roof or other parts of the structure of your home, most homeowners’ policies will cover the repair or replacement of these things. Before storms come through, make sure that your home is in good shape to avoid damage. Repair damaged shingles, secure loose shutters, and tie-down outdoor items like patio furniture and grills to protect your home. 

Every policy is different, so if you have questions about what is covered by your homeowner’s insurance, contact IRM Insurance before winter storms hit. Our helpful agents will answer any questions and support you, whatever your needs. 

Do I need to buy additional insurance when I rent a car?

Everyone loves to travel, and when traveling, renting a car is often part of the travel package. When you get to the desk at the car rental agency, you are going to have quite a lot of pressure applied to you to purchase auto insurance from the rental agency. They offer several layers of protection, and it can add a considerable amount to the total cost of the rental. You’re tired and confused, and you may think that you should buy it so that they will leave you alone, but is it necessary?  

The most likely answer is no, it isn’t, but you need to do a little research before you leave home. Give your agent at IRM Insurance in Knoxville, TN a call and ask them about the coverage that your policy provides. Typically, your coverage on a rental car will be the same as the coverage on the vehicle you drive every day. If you have a vehicle of equal value to the car you are renting, then you are in good shape. If, however, you have an older car and no longer carry collision and comprehensive, then you will need to get coverage another way. 

You don’t necessarily have to resort to buying the insurance offered by the rental company. Many credit cards provide rental insurance coverage when you pay for the car with your credit card. Be sure to check with your company to find out if they offer this coverage and what the limits are. If you have travel insurance, be sure to check if it provides rental car coverage as well. 

When it comes to buying additional insurance when you rent a car, be sure to check out all the other options before you say yes to the rental company. Your agent at IRM Insurance in Knoxville, TN will be happy to explain your coverage to you.

Business Owner’s Insurance

Business Insurance If you own or run a business, especially a small-sized or medium-sized one, it is of absolute significance that you buy a Business Owner’s Insurance policy. Does this Insurance not only protects you against unforeseen monetary losses in your business but also gives you the confidence and help to focus on making your business improved.

Business Owner’s Insurance ensures that the coverage it provides protects all your major business property and the liability risks that it comes with so that your business runs smoothly. In today’s time where businesses are slowly rising, it has become almost a necessity to avail Business Owner’s Insurance and protecting your business from future events.

How it works?

Business Insurance runs on the system of you paying methodical fixed monetary amounts every month, and in turn, you get the facility of making claims and getting coverage at times of unfortunate disasters. These details and further terms and conditions are noted down in your Insurance Policy, a legal document that is proof of your Insurance bond.

You can only make claims and get compensated if the claim is made during your policy period. If you make a claim after your policy period (mentioned clearly on the Insurance Policy) has ended, the company will not entertain it. Business Owner’s insurance provides you with all the basic coverage that are essential for business owners in one bundle and at a lower cost as compared to paying for all the various insurances separately.

Different types of Business Insurance

Business InsuranceThere are different types of coverage that the business owner’s insurance includes depending on the policy that you choose. A typical business owner’s policy includes; property insurance, business interruption insurance and liability protection.

Property insurance, also called peril coverage, provides coverage mainly for the loss or damage to the business site caused by fire, explosions, smoke damage, vandalism and wind damage. This coverage is provided to the insured business’s site, owned or rented. It will also cover all items owned by the business or kept within a 100 feet radius with the purpose to the business itself.

The business interruption insurance provides coverage for the loss of income that is due to disasters like fire and others that may halt the business proceedings. It also covers the extra expense of operating in a temporary location in case of the original on being unavailable. Lastly, liability protection is the name given to the protection that covers the damage that accidents may cause such as injuries, inside the business and outside.

How much will a Business Insurance cost me

The cost of your business owner’s insurance varies according to the policy you choose for your business. If it is likely to provide higher coverage, taking into consideration all kinds of losses and damage, then you will probably pay a higher premium. This premium can depend on other things too. Such as the kind of business you run, your previous claim history, your business’s size etc.

If your business involves high-risk manufacturing work such as a factory where chemicals are used, then accidents are more likely to happen and the premium will rise. One convenient way of lowering premiums is by choosing your deductible amounts wisely.

Should I opt for a higher deductible or not?

Deductibles are amounts of money that you agree to pay at the time of damage and are not covered under your policy. They go from your own pocket. Choosing to pay a higher deductible significantly lowers your premium cost and thus should always be given consideration.

Contact IRM Insurance in Knoxville, TN for the best business owner’s insurance rates available – (865) 234-9177 or email us.

Apartment Insurance – What is it?

Apartment Insurance

Unforeseen circumstances and unfortunate events are often not uncommon in household settings like an Apartment’s. These situations often leave the family with immense loss and damage that is difficult to make up for later.  Thus, it becomes very important to avail Apartment Insurance and keeping your apartment safe from the un-recoverable losses.

Apartment Insurance – What it is?

apartment insuranceWhen you rent an apartment and buy apartment insurance, you are ensuring the security and safety of your property, belongings, liabilities and possibly the living expenses as well.  In case of damage to personal belongings inside your apartment such as your furniture and valuable items from disasters such as theft, break-ins, floods, earthquakes, fire and other natural disasters.

It also covers liability and protection against it. This means that is there is any bodily injury property damage that is caused by the family living in the apartment and this result in a lawsuit being filed; Apartment Insurance will protect you against it. It also covers the expenses that result from someone being injured in the form of medical bills.

Lastly, Apartment insurance also provides coverage in situations where the family is required to live in another makeshift house until the damage done to their apartment is repaired. It covers any hotel bill, temporary rentals, restaurant meal and any other relevant expense.

How does it work?

The Apartment Insurance you buy will be a binding contract between you and your insurance company, evident by an insurance policy. This insurance policy will stay with you and will contain all details relevant to your chosen insurance policy that includes the various terms and conditions, your policy period, the coverage limit and lastly information on the premium. It is essential that you provide truthful information about yourself and your apartment so that the Apartment Insurance’s policy holds valor.

 

How are premiums decided?

Premiums for Apartments Insurance are decided after taking into account various factors, which may include; how big your apartment is, how safe it is, how many people will live in it, and the risk involved (i.e. how susceptible your apartment is to unforeseen disasters)

Can Premium amounts change and how can I lower mine?

apartment insurancePremiums are decided after the risk is evaluated in your apartment. It is a fixed payment amount but can be changed in certain situations. One of these is when the risk involved is reduced. You can achieve this by taking steps that will reduce the risk of damage being caused, such as installing burglar alarms and lock systems that will prevent theft and break-ins in your apartment making it safer and thus lowering the premium cost for you Apartment Insurance.

Another way of paying a lower premium is simply by agreeing to pay a higher deductible amount if and when the loss and damage occurs. This means that you would be expected to pay some amount of monetary compensation from your pocket when the damage occurs in your apartment. The higher the deductible you pay, the lower your premium is.

Contact IRM Insurance in Knoxville, TN for the best apartment insurance rates available – (865) 579-0500 or email us.

Things to know before buying business insurance

Things to know before buying business insurance

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Business Insurance

Business insurance is a must for any business owner. As a business owner, one of the responsibilities you have is to handle is choosing an insurance coverage. There are plenty of great policies you can opt for, depending on the particularities of your needs, but before deciding to purchase a policy, being thoroughly documented on the subject is advised. Because you probably do not want to deal with an incident and realize your insurance policy does not have all the costs involved, nor to face any other similar inconveniences, you should be aware of the following details before actually buying your policy.

There are several types of business insurance policy options

Because there are various types of policy packages available, you should start by researching them all, and learning what they include. From general liability, to property and product insurance or business interruption policy, you have the possibility to opt for the package that meets your expectations. There is no perfect business insurance for all enterprises out there, because each has its own type of professional practice and needs. So analyze your potential requirements, try to visualize incidents that have the highest chances of occurring, and opt for a package that suits your business in particular. Depending on the company you will opt for, you even have the possibility of customizing your policy.

Be aware of your risks

Regardless of what policy type you eventually decide on, usually, there is an acceptable risk involved. If you want to opt for the most budget friendly option, you will want to cut down on certain coverage possibilities, and for you to make a wise decision in this department, it is essential to assess and be aware of your risks. Analyze the profile of your business, and try to find the most easily to exclude conditions, in order to access the best price, while still benefiting from the level of coverage you desire.

Work with the right insurance agent

Regardless of what type of business you might want to cover with insurance, one aspect that you should never overlook is the agent you collaborate with. The broker is the one who can bring you the best offer, in term of both coverage and price, so finding someone you can trust should be one of your main concerns. While there might be several agencies willing to offer you the services you are asking for, not all firms are characterized by professionalism or reliability so doing your homework in advance is needed. Read client references, check agent fees and book an initial consultation to see if the agency that has caught your interest is really the perfect choice for you.

If you want the business insurance policy you opt for to meet all potential future requirements, you will need to know a few things before actually buying it. These are probably the most relevant details to have in mind when browsing through the insurance offers put at your disposal. Remember that the reliability of the agent you collaborate with is always something that you should inform yourself about, making quite a significant difference.

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Should parents buy life insurance?

Should parents buy life insurance?

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Life Insurance

Life insurance is a safe measure. People have kids and raise families. This is just the way that things go. However, some have no intention whatsoever of following the steps of the aforementioned category. Why? Because they think that neither marriage nor parenthood is for them. Not you. You are a family-type person. In fact, you love your family so much that you are capable of doing anything for them. So, you do whatever it takes for your loved ones. But what happens when you are not around anymore? Chances are that you did not even consider this aspect. Well, you should now. When you are gone, there will be no one to take care of your precious children, except for your spouse who will have a hard time. What you need to do right now is buy life insurance.   

Understanding what life insurance is

Simply put, life insurance is a contract. The agreement is made between two parties, namely you and the insurance company. What the insurer does is provide your beloved family protection against financial loss, in the unfortunate event that you die. For this to happen, you are required to pay a lump sum of money, which is called a premium. You make premium payments and if you pass away, the money goes to the designated beneficiaries. It is as simple as that. When shopping for an insurance policy, it is best to get a life insurance quote Knoxville. Many people are not aware that there are different types of cover policies, such as universal and whole life.   

The advantages of buying life insurance as a parent

It is only normal to want to know the specific advantages of buying life insurance. If until now you have not taken into account talking to an insurance company, maybe these advantages will help you change your mind:

Payment of burial costs – A traditional funeral can cost a lot, especially in Knoxville. The thing is that the cost will be too much for your loved ones. No matter if they choose cremation or burial, the cost will still be high. Fortunately, the cash your family receives from the insurer will be more than enough to cover the costs.

Estate taxes – Your loved ones do not simply get your possessions. If you have an estate, it will be necessary to pay certain taxes. This can prove to be a burden as the costs are high. Yet, if you have used all your money for the life insurance policy, your family will not have to pay a dime.

Tips for buying life insurance

If you are convinced that buying a life insurance policy is the smart thing to do, do not waste any more time. When in the market for a life insurance policy, look for term coverage options. A term assurance is set for a number of years and, most importantly, has fixed premium payments. Another thing to keep in mind is that the amount should be determined based on your salary, debt, and other expenses. Make sure to choose the right amount of coverage. Las but not least, make sure that the insurer will be in business forever. Otherwise, you will be wasting your money.

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Selecting an insurance agency – what should you know?

Selecting an insurance agency – what should you know?

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Selecting an insurance agency

Selecting an insurance agency is a big deal. IRM insurance in Knoxville, TN is here to serve you, make it easy and provide you peace of mind. Regardless it is a home, car or life insurance, the first step you need to take before buying a policy is to find yourself an insurance agency to provide you with the support necessary. However, because the market is known for its extensive selection of offers in this domain, making the most reliable choice is not as easy as you might have initially thought. This is the reason why you should know a few relevant details before selecting an agent or another. The factors stated below are the most important ones to take into account when you are making this kind of choice:

Longevity in the industry

One of the first aspects you can look into is the company’s experience in the field. You should never look past industry longevity, because this can truly indicate the professionalism and capabilities of a firm or another. When you are looking at offers from an insurance agency Knoxville, take some time to inform yourself about how much time they have been working in this domain. If the company has been offering services for several years, it means they are dependable and you can trust them to put at your disposal the most affordable insurance policy, one that covers all of your needs.

License

You should never collaborate with a specialist that is unable to provide you with proof of their qualification and certification. Before making your choice, take care of every detail necessary to find out with certainty that the insurance agency is certified and licensed in this field. This will save you from any inconveniences.

First impression

The way the agents choose to culminate with their clients can say a lot about them. You can almost always relay on first impression when making a choice. If the insurance agency’s specialists provide you with all the information you are requesting, if they value communication and seem sufficiently helpful, you can manage to trust them and hire their services.

Read testimonials from other clients

One last thing you can do, in order to ensure the reliability of your choice is reading impressions from other clients. With just a quick search on the web, you will certainly find something written about the particular insurance agency you are interested in resorting to. Have the agency’s past clients been satisfied with the insurance support received? Do they have any complaints? Seeing for yourself that those who have collaborate with the agents have only positive things to say will most definitely make your choice a lot easier. Usually, the trustworthy companies post client references on their websites as well, so check out this detail.

If you want to resort to an insurance agency that you know will meet your every single need and demand, paying attention to a few selection criteria can be essential. From experience in the industry to package offers, these are the most relevant details to look into hen you are browsing through various insurance agencies found online. As long as you know what you are looking for, you will manage benefiting form an excellent insurance policy.

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Reasons why paying pet insurance is worth it

Reasons why paying pet insurance is worth it

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Pet Insurance
Group of pets – Dog, cat, bird, reptile, rabbit, isolated on white

Pet insurance is worth it and IRM has the best coverage. Your pet is responsible for many of your moments of happiness. Your dogs or cats are able to bring you back when you cry in tears and make you forget about the stress from your office. There is no worth to say, that every person, who has a pet, sees them as their family members, and they offer them the same attention they would offer to a baby. You probably check every one of the food labels to make sure they are healthy and you offer them great attention to make sure that they do not feel neglected. But even if so many people have pets, and they treat them as their family members, very few of them own a pet insurance. You might think that it is a new concept, but the fact is that agents have brought this type of policy on the market many years ago.

How does pet insurance work?

According to the company from which you want to purchase the pet insurance Knoxville the offer might differ. But all the pet insurance policies work on the same basic principles as the other insurances you have. This policy is different from the others because you will have to pay the vet directly and then you will get the reimbursement from your agent. The insurance agency will review the requirements and will pay the percentage you have agreed upon. Also, you should know that not all the veterinarians work with pet insurance and you will have to check if the one you visit does it.

With pet insurance, you do not have to worry about the budget

When it comes to medical treatments for pets, you know that they tend to be quite expensive. And if your pet is old and you have to decide if he will have a surgery or not, you will first think of your budget. However, if you have a pet insurance you will not have to check the financial aspect before you make the decision. You will decide only what is best for your pet.

You will not have to worry about the costs of the veterinary services

Nowadays numerous treatments for pets are available on the market, but they are quite expensive. And if you will compare the costs for general checkups and operations you will see that they are higher compared with the ones from the last years. If you have a pet insurance, you will have peace of mind, because you will know that you do not have to worry that you do not afford the treatments your pet needs.

You can choose the insurance plan

According to the specific needs of your pet and of your budget, you can choose the insurance plan that better suits you. In case your pet is young, then you will have various options from which to choose. The insurance policies include major accidents, vaccinations and general checkups. Check the insurance ratings from your region to see what options you have available.

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Important points when choosing home insurance

Important points when choosing home insurance

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home insurance

Home insurance is essential to protecting your family. If it would be to name the asset that brings you the most comfort, that would be your house. It is the place where you go when you come home from work and from the moment, you step inside it offers you peace of mind. But what you would do in case of vandalism or sudden fire? You should expect these things to happen at any time. In case of natural disaster, the situation will deteriorate quickly and this can affect you at both financial and physical levels. You have spent years to build your house, and the nature can destroy it in a couple of minutes. This is one of the worst situations a person can imagine. So you should ask yourself what you can do to secure your house. You do not have the power to stop a natural calamity, but you can minimize the risk of not having the budget to restore your house, if you opt for a home insurance. In this article you will find the points you will have to focus on, when you choose home insurance policy.

Find the perfect home insurance

You have to make sure that when you shop on the market, you choose the best home insurance Knoxville for your needs. When you negotiate for a policy, you have to make sure that it covers your needs no matter if you have to renovate or repair your property. You should know that you could find on the market insurances that cover you in case of an accident, including the situations when the recovery sum is larger than the one of the loss. When you buy home insurance, you have to evaluate the price of your house and of the belongings inside it. Also, the insurer will be interested in finding the risk-proneness.

Make sure you get enough coverage

Alongside with natural disasters, human-made disasters could affect your house. So you have to make sure that you choose the right sum to have insured, according to the value of the property. You should not opt for the lowest coverage you can find on the market, because on the long run you might end up paying more.

Choose a reputable home insurance agency

It is advisable not to work with the insurer that offers the lowest price from the market. You are thinking about the safety of your home, and you have to make sure that you choose the best partner. You should start your search on forums and online, because there you will find information regarding the services different insurers have. Before you close the deal with a certain company, you have to check the settlement ration of the agency. If the company you want to collaborate with has a high claim ration, then it means that they honor their clients’ requirements and you can trust to work with them. Before you buy a policy, you should compare the offers you find on the market. And do not forget to read the conditions and policy terms before you sign it.

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Do you really need motorcycle insurance?

Do you really need motorcycle insurance?

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Motorcycle Insurance
Biker riding motorcycle on an empty road at sunny day

If you like to ride a motorcycle, then you should know that it is essential to have motorcycle insurance. Not only that the law requires it, but there are also other important reasons you should consider. The main reason why people opt for motorcycle insurance is that they know that they are covered in case of an accident. However, if you work with the right insurer, then you will benefit from many other things when you sign for the policy. Depending on how long distances you ride, the type of vehicle you have and other similar aspects the policy your will need might be different from the one of other people. It is important to get enough insurance protection, before you get on the road. Here are other reasons why people choose to insure their motorcycles.

The law requires you to have motorcycle insurance

The main reason why you need motorcycle insurance is that the law requires it. In case you will get involved in an accident, the first thing the police will ask you is to show them the insurance policy. Therefore, it does not matter if you are a great driver and if you think that you will not have any accidents, you will need an insurance, because you will have to show it at regular checkups. In case you do not have a proper coverage, then you can expect to pay a ticket.

Your motorcycle can be stolen

You know that daily numerous cars are stolen, so only think at how easy it would be for a motorcycle to be taken. Even if thieves do not steal the bike, they can steal the mirror or some accessories and they are quite expensive. However, if you have coverage it can replace your stolen items. But you have to make sure that the coverage you choose includes the accessories. In case you already have motorcycle insurance, and it does not include these aspects, then you can always ask for other coverage options.

You benefit from medical care

If you are injured in a motorcycle accident, and you have insurance you are protected. You should make sure that you opt for a policy that offers you coverage in case you need medical attention or you end up in the hospital. It is important to check the price of the insurance before you buy it, because you have to know from the beginning if you afford it. In case you or other people are hurt in the accident, then the policy will be the one that covers the expenses.

The insurance covers for property damage

If when you drive your motorcycle you damage someone’s property then you are covered by the insurance. You will not have to worry about the expenses of a big accident, because the insurance will cover them for you. It is not stated in the policy how much damage the insurance company will ensue, so you should make sure that your policy covers this aspect. When you opt for a motorcycle insurance coverage, it is important to know that you are protected for multiple expenses.

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