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. 

What Is Umbrella Insurance and How Does It Work?

Insurance plans are designed to protect you from certain risks, especially scenarios in which you are held liable for damages. Of course, insurance policies will only cover the expenses you have endured up to a certain amount. More often than not, this leaves you paying out of your own pocket. Cordell Insurance wants to share information about umbrella insurance with Baton Rouge, LA residents.

What Is Umbrella Insurance?

An umbrella insurance policy is often referred to as a personal liability insurance plan. Umbrella insurance is designed to cover expenses that come up in the event you are held responsible for damage that takes place on your property or because of your property, which includes your home, your car, your boat, your RV, or any other object that is insured and covered. 

There are numerous incidents that umbrella insurance covers, including recovery costs for a victim who your dog bites and legal costs associated with legal action someone takes against you after injuring themselves at your home. 

How Does Umbrella Insurance work?

Essentially, you should view umbrella insurance as gap insurance. So, let’s say the liability limit on your home insurance is $350,000 and someone gets injured during a get-together held at your home. This injured individual could sue you for their medical expenses and lost wages. Depending on the situation, these expenses could very well exceed $350,000. As soon as the costs reach the limit of your home insurance policy, an umbrella policy will kick in and cover the expenses. 

Everyone does not need to invest in an umbrella insurance policy, but there are numerous advantages to having one. For more information, contact Cordell Insurance, your local insurance company serving the Baton Rouge, LA area.

6 Terms to Know Before You Get Life Insurance

Staying Protected During Difficult Times

Life insurance can be extremely helpful insurance to have especially as you age. It helps your loved ones with different aspects of life in the event you have an untimely death and they are left with bills and other expenses. 

The agents at Cordell Insurance located in Baton Rouge, LA have helped many of our clients to better understand their life insurance policies.

Life Insurance Terms to Know

Here are some of the common life insurance terms you need to know:

  • Policyholder – Policyholders purchase life insurance and may be insured with it, though they are not necessarily covered by it.
  • Premium – This amount paid will keep your life insurance policy active. If a premium is not paid, you will lose coverage.
  • Life Assured – This is the person who is covered by an insurance policy. Policyholders may purchase insurance for spouses or family members.
  • Riders – These are special types of life insurance products that are added to a base policy. They can help provide coverage for things like critical illness cover.
  • Grace Period – Grace periods are the amount of time you have to pay your premium before you lose coverage. Companies grant different amounts of time for grace periods with a typical time frame of 15 to 30 days.
  • Exclusions – There are certain incidents that are not covered under your life insurance policy. It is important to discuss this with your agency when you are purchasing life insurance.

Quality Life Insurance in Louisiana

Contact us at Cordell Insurance of Baton Rouge, LA to discuss your life insurance options with one of our knowledgeable agents. We are here to serve the Baton Rouge community with the best life insurance products on the market.