Should I get full auto insurance coverage even though my late model car has been paid off?

Auto insurance provides many different benefits for drivers. Most of us can’t afford to pay for car damage or an at-fault accident out of pocket. Car insurance provides benefits that enable it to cover and protect from accidents and other auto-related incidents. Our Baton Rouge, LA team at Cordell Insurance can help drivers get auto insurance coverage that meets their specific needs.

What are the Benefits of Auto Insurance?

Auto insurance provides coverage for auto repairs as well as coverage for property damage and personal injuries. Car insurance will also cover damage to other people’s property and vehicles if you’re found at fault. An auto insurance policy also covers passengers. Liability insurance is the only auto insurance requirement for most states. However, this doesn’t mean that more coverage shouldn’t be considered. 

Should I get full auto insurance coverage even though my late-model car has been paid off?

Most lenders require car owners to carry full coverage auto insurance until a car is paid off. However, once you’ve paid off your vehicle, you’re only required to carry liability insurance. However, you should ask yourself if this is enough. If you have a late model car and it’s damaged in a car accident, could you pay for the repairs out of pocket? Many people couldn’t. This is one of the many reasons why it may be best to invest in more than auto liability insurance. Collision coverage would pay for the repair of your vehicle. However, liability insurance wouldn’t. Call us if you have questions about the best auto coverage for your car. We can help you get the coverage you need.

Four Add-ons to Consider for Your Boat Insurance

Nothing is as exciting as boating, especially on a sunny, calm day. While boating is fun, you have to remember it can be risky. However, this shouldn’t alarm you because you can buy boat insurance to protect you and your vessel when the unexpected occurs.

Basic boat insurance compensates you when your boat is stolen or damaged. It also protects you when liability claims knock on your door. But is basic boat insurance enough? Cordell Insurance urges boaters to consider the “add-ons” below to boost their basic boat insurance.

About Umbrella Insurance

This liability insurance protects you when the underlying policy runs out. For instance, if you cause a significant boating accident, third parties may accuse you of bodily injury and property damage that may exceed your boat liability insurance. In such instances, umbrella insurance can save the day by taking over where your boat insurance leaves off.

Personal effects coverage

Did you know basic boat insurance doesn’t cover your personal belongings when stolen or damaged in your vessel? Now that you know this, please consider purchasing an add-on to cover your fishing gear, laptops, cameras, and other valuables inside your boat.

Emergency assistance

Like cars, your boat can break down when you least expect it. This can happen when miles away from the shore, and getting help from friends and relatives with little know-how of handling boat breakdowns can be frustrating. Instead of all this trouble, invest in towing add-on to get help whenever you get stuck on your boat.

Special equipment coverage

Items like GPS navigation aids may not be covered by standard boat insurance. As such, have them insured separately to ensure you don’t incur out-of-pocket expenses when mishaps occur.

Boat insurance in Baton Rouge, LA 

Want to protect your boat with watercraft insurance? Don’t hesitate to get in touch with Cordell Insurance. We offer comprehensive yet affordable boat insurance to protect your boat, whether inside or outside the waters.

Three reasons why it may be time to increase your RV policy’s liability protection

Cordell Insurance has the information Baton Rouge, LA area RV owners need to choose the proper insurance protection. If it’s time to review your policy or you’re just considering purchasing an RV, we can help with any questions. Give us a call today!

Three reasons to increase your RV policy’s liability protection

If you haven’t reviewed your RV policy in a while, now is a perfect time to do so. Liability protection is more critical than ever, and it’s vital to have the appropriate amount of protection. Many RV policies can provide increased liability protection. Why not take a look now to make sure yours does too?

  1. Guests and visitors – If something happens when someone is visiting you or staying in your RV, you could be held responsible for any injuries they sustain. 
  2. On-road collisions – RVs are big vehicles and can cause significant damage to people and property. Make sure you have liability protection before heading out on the road. 
  3. Mishaps while parked – If someone were to be injured by an accident that occurs while your RV is parked, it is possible that you could have some amount of liability. With the right insurance policy, you can ensure adequate protection.

Give us a call today!

Baton Rouge, LA residents can rely on Cordell Insurance for all their insurance needs. Owning an RV provides a lot of enjoyment but also requires a lot of responsibility. If you have questions about your RV insurance, we are here to help. Our friendly and knowledgeable team looks forward to working with you. Call or stop by today!

Should I Buy an Umbrella Policy if I Don’t Have a Lot of Assets?

When it comes to insurance, Baton Rouge, LA residents have a lot of choices. Cordell Insurance is one of the providers in the area, and they can help you find the right coverage for your needs. But what if you don’t have a lot of assets? Is an umbrella policy still worth it? The answer may surprise you.

What Is an Umbrella Policy?

An umbrella policy is an insurance policy that provides additional liability coverage. It provides coverage beyond the limits of your homeowners, auto, or watercraft insurance policies. It significantly increases your liability protection beyond the coverage you have on your base home, auto, or boat policy.

While an underlying homeowner, auto, or boat policy covers damages for which you’re held liable up to that policy’s limit, some risky activities are excluded from coverage. If you engage in these activities — such as racing your car — and are sued for damages that exceed the limits of your underlying policy, you could be responsible for paying any judgments against you out of your pocket.

An umbrella policy can provide additional protection in these situations. Umbrella insurance also covers lawsuits unrelated to bodily injury or property damage, such as defamation or slander.

Do I Need an Umbrella Policy If I Don’t Have a Lot of Assets?

You might think you don’t need an umbrella policy if you don’t have a lot of assets. But even if you don’t have much, you could still be sued for more than you have. If you are liable for someone else’s injuries or damage to their property, they may sue you for more than the coverage limits in your underlying policy.

If you are sued and don’t have enough insurance to cover the judgment, the plaintiff may try to collect from your assets. This could include going after your savings, investments, or even your wages. An umbrella policy can provide protection in these situations.

If you’re considering whether or not to purchase an umbrella policy, Baton Rouge, LA residents can contact Cordell Insurance for more information. We can help you determine if this coverage is right for you.

How Does The NFIP Work?

The National Flood Insurance Program is the source of flood insurance in the United States. If you have a mortgage and live in a flood zone, you need flood insurance to protect your home. 

If you have ever tried to obtain flood insurance from a private insurance company, you know it is difficult and expensive. Many insurance companies don’t offer flood insurance. For aid in Baton Rouge, LA, talk to the team in Cordell Insurance.

What Else to Know

Flood-prone areas are unevenly distributed across the US. Most coastal areas, for instance, are situated in flood-prone areas. Hence, flood insurance in the U.S. is mandatory for any property owner who purchases a home or building in the said areas. 

Insurance carriers in the National Flood Insurance Program (NFIP) are also policymakers since it’s a mutual insurance. It provides affordable flood insurance to property owners in flood-prone areas. It was created in the late 1970s after severe floods caused massive damage in a few U.S. cities. 

Through the program, the government pays for about 80% of the cost of the coverage, and the policyholder caters for the remaining 20%. The NFIP offers flood coverage to businesses, renters, and property owners. The coverage aids them in recovering faster after floodwaters recede. The NFIP works with flood-prone areas to implement management laws that assist or help in associated consequences. 

Parting Shot 

People living in any of the 23,000 municipalities that are part of the NFIP are eligible for flood insurance. Agents, policyholders, and other service providers can help you navigate the flood insurance procedure before, during, and after a catastrophe. 

That’s with the support of a wide variety of books, videos, visuals, and online resources made available by the NFIP. Downloadable digital resources are available, and select print publications can be obtained at no cost upon request. Confer with Cordell Insurance in Baton Rouge, LA for professional assistance!

This is Why You Should Invest in Life Insurance

Do you have a life insurance policy? If not, you are missing out on the benefits of life insurance. This coverage cushions you financially and helps you meet several life goals even when you die. If you haven’t bought a life insurance policy from Cordell Insurance in Baton Rouge, LA, here are the reasons to consider this coverage ASAP:

To protect your loved ones

If you have children, siblings, or a spouse depending on your income, imagine how they would survive if you died. Paying for daily expenses, college fees, mortgage, and other obligations can be difficult. Invest in a life insurance policy to protect your loved ones. This coverage supplements your income when you die.

To pay for your loans.

If you have a car loan or mortgage, you need to have a backup plan for how the debt will be paid if you die. Buying a term life insurance policy for the loan duration is an excellent choice. This way, you can be assured that your cosigners and loved ones won’t be burdened by the debts you leave behind.

To protect your business.

You should invest in life insurance if you have a business for several reasons. First, your life insurance proceeds can be used to pay the company loans. Secondly, life insurance cushions your partners financially by covering the “financial gap” you have left behind. While life insurance doesn’t replace you, it buys your business partners time as they think about the next course of action.

To pay for your final expenses.

Organizing a funeral can be expensive in America. A modest funeral can set you back at $7,000, which can take a financial toll on your loved ones even as they mourn your death. Invest in a life insurance policy to take care of your final expenses.

Want to invest in a life insurance policy in Baton Rouge, LA? Please get in touch with Cordell Insurance.

4 Keys Areas Covered by Home Insurance

If you have a home or are buying a home in Baton Rouge, LA, one thing you shouldn’t forget is home insurance. While owning a home involves a lot of things, home insurance should not be overlooked. Your entire investment could go down within the wink of an eye if an unthinkable event happened. Fortunately, investing in home insurance from Cordell Insurance can secure your hard-earned home and other areas in case of an unbelievable event.

Home insurance offers protection in many different ways. Let’s look at the areas home insurance covers.

Liability claims

Many things can happen within your premises, like guests being injured or destroyed properties. The cost of treatment or replacement could be huge if you pay from your pocket, not to mention legal fees if you get sued. Home insurance compensates you for such expenses.

Personal belongings

Personal belongings like clothes, furniture, and electronics don’t come cheap. When perils such as fire, theft, or vandalism occur, replacing or repairing these properties can cost you thousands of dollars. Luckily, your home insurance compensates for such incidences.

Home structure

Your dwelling place is probably the main reason most people buy home insurance. The policy rebuilds or repairs your home should a covered peril like fire destroys your home. Your home insurance will also cover the detached structures like a gazebo, fence, or garage.

Additional living expenses

The good thing about home insurance is that it provides you with a temporary living place if your home becomes uninhabitable due to a covered event. For example, the insurance may put you in a hotel and cater for travel expenses.

 Home insurance in Baton Rouge, LA

Your home is a significant investment. Home insurance is, therefore, an investment that you should prioritize. Ready to purchase home insurance in Baton Rouge, LA, and its surrounding area? Get in touch with Cordell Insurance for a quote.

Auto Insurance and Managing the Auto Shop After an Accident

The law in Louisiana gives you the ability to choose the auto repair business that you want to use to repair your vehicle following an auto accident. You could get a recommendation from your auto insurance company, or contact your auto insurance agency. Cordell Insurance is a good agency that could tell you if they have one that you could use in the Baton Rouge, LA area. You could find out how the insurance provider or your agency knows if the repair company is a good one, too, so that you could make a choice.

You will need to tell the claims adjuster the shop name where they will repair your vehicle, and they would need this information from you and ask you for it. You could get additional information from the Better Business Bureau if this is not included in their process. You could find one in advance, write it down and keep it somewhere so that you could be ready for a problem. 

Get your estimate from the repair company that will include the work they will do, the parts, and the labor cost, too. It would also need to mention that if the repair is more expensive, they would contact you and tell you this. The Louisiana law says that you will pay them and the auto insurance company would pay you first, or you could ask them to pay the repair company, instead. The law, also, requires them to use original manufacturer parts to repair your vehicle. 

If you have questions about how to get your repair or any other information, contact the agency where you get your insurance. You should use Cordell Insurance, in the Baton Rouge, LA area, because they would help you with any questions and give you a great experience.

Do I Need Boat Insurance All Year Through?

When it’s summer, and the weather is warm and cozy, it’s the perfect time to get your boat in the water. And this time, you are always up-to-date with your insurance policy because you need to enjoy a worry-free time in the water. Unfortunately, most boat owners cancel their policy when it’s winter, only to reactivate it when summer beckons.

Do you think this is a wise move? As you will find out from Cordell Insurance of Baton Rouge, LA, canceling your boat during the off-season puts your prized asset in jeopardy. Here are the reasons you should maintain your boat insurance all year through.

Risks don’t have an offseason

Yes, you may not be active in the water, but that doesn’t mean your boat is off the hook when it comes to risks. You may have parked your boat in your garage, but perils like falling objects, theft, fire, and natural disasters can still strike.

Given that risks don’t have an off-season, you shouldn’t think about canceling your policy at any point in the year.

Lender requirements

If a lender finances your boat, you may have to carry boat insurance throughout the year. Your lender understands that risks don’t have an offseason, and that is why they will insist you carry boat insurance all year through until you pay off your outstanding loan.

It’s cost-effective

When the temperatures are winding down, you may want to put your boat in dockage or storage. Terminating your boat insurance might seem like the next logical decision. If you think of canceling your boat insurance, don’t because it will cost you more. How? When your boat is stolen or damaged while parked, the repairs or replacement will cost you more than the premium you are trying to save.

Looking for boat insurance in Baton Rouge, LA? Contact Cordell Insurance, and we will help you find the right boat insurance coverage to protect you and your boat.

Why do people in Baton Rouge need RV insurance?

Those that live in the Baton Rouge, LA area will always want to know that they have a safe and efficient way to explore the area. A great way that this can be done is by getting an RV, which offers the chance to drive and sleep in the same vehicle. Along with your RV, you will also need to choose a new insurance plan for several reasons. 

Coverage Needed to Protect Vehicle

One of the reasons that you should have insurance for your RV in this area of the state is that it is a great way to protect your vehicle. Purchasing an RV requires a significant investment and having RV insurance can protect it. When you get this coverage, it will provide you with the support needed to replace or repair your RV following any type of accident or if it is stolen.

Comply with Requirements

You should also get an RV insurance plan to comply with any requirements that you have. Those that want to drive a vehicle in Louisiana will need to carry liability protection insurance at all times, which will offer support if you are at fault in an accident. You also will need to carry coverage if you have taken a loan out against the RV. Most lenders will require a full collision and comprehensive plan. 

Those that are in the Baton Rouge, LA area will want to ensure that they have adequate insurance support for their RV. Due to the importance of this type of coverage, it is always a good idea to speak with a professional before choosing a new plan. The team with Cordell Insurance can always help you build a plan that will meet your needs. Cordell Insurance will help you assess your situation and give you personalized guidance to ensure you choose a plan that is ideal for your situation.