Using Umbrella Insurance to Cover Potential Lawsuits

Many a Baton Rouge, LA business has suffered the wrath of lawsuits over the years, many closing down due to excessive and expensive attempts to get compensation. This problem can be quite frustrating and hard to manage without the help of umbrella insurance from Cordell Insurance.

When Lawsuits Get Out of Control

Lawsuits often have a way of getting out of control for many businesses in a way that may threaten closure if they aren’t careful. The reasons for this will vary but may include problems like:

  • A greedy individual trying to get money 
  • Serious injuries that require payments 
  • Long-term damage that needs repairs 
  • Limitations on liability insurance 

Any business that finds itself in this troubling situation needs to reach out to its insurance company to ask about umbrella policies. This option can provide many benefits to those struggling businesses.

How Umbrella Insurance Helps

Umbrella insurance is a type of extended liability coverage that kicks in to pay for lawsuits and other payments. It is instrumental in significant cases where a lot of money is being asked. A good umbrella insurance policy:

  • Kicks in when your liability coverage maxes out 
  • Helps pay off expensive lawsuits 
  • Keeps you from paying out of your pockets 
  • Makes it easier to transition to life after the lawsuit 

These benefits all make a high-quality umbrella insurance policy necessary for many businesses. Some may find that these policies help to protect them against long-term financial damage and other concerns.

Find a Policy That Makes Sense 

If your Baton Rouge, LA is going through a series of potential lawsuits, or you’re worried they could at some point, you need to reach out to us at Cordell Insurance to learn more about your options. Our team will sit down with you and create the long-term help that you need to stay solvent for good.

What does flood insurance cover?

Flood-related damage is one of the most widespread natural disasters and can wreak havoc unexpectedly. Flooding is a significant threat in Baton Rouge LA. The prevailing inches of floodwater may cause tens of thousands of dollars in terms of damage. Regrettably, many Baton Rouge, LA residents only think about flood insurance when the uncertainties strike. Are you concerned that your house and your belongings might not get protection against floods? Engage our agents at Cordell Insurance, who will assist you in designing the best flood insurance coverage proportional to your needs and budget, irrespective of where you are situated.

Is flood insurance mandatory in Louisiana?

Flood insurance is not mandatory in Louisiana. However, people who reside in specific regions located in flood-prone areas like the Mississippi River may need to buy flood insurance to qualify for a federally-backed mortgage. Since home insurance doesn’t cover flood-related damage, all Louisiana residents should shield their dwellings with separate flood insurance coverage.

Flood insurance coverage options in Baton Rouge, LA

For those people residing in moderate or low-risk areas, it’s prudent for them to consider procuring flood insurance. Baton Rouge LA residents, can acquire flood insurance through NFIP or private insurers. Available coverage includes:

Building property coverage: This coverage protects the structure itself. It covers the physical form and its:

  • Furnace and central air conditioning
  • Plumbing and electric systems
  • Built-in appliances like refrigerators and dishwashers
  • Permanently installed carpeting, and paneling
  • Foundation, walls, and support structures
  • Detached garage
  • Portable appliances like ovens and refrigerators

Personal contents coverage: It covers personal belongings(contents)in the building. It covers:

  • Clothing
  • Furniture
  •  Electronics
  •  Curtains
  • Some portable appliances
  •  Freezers and foods inside them

Flood insurance in Baton Rouge, LA

 It’s wise to check your policy wording carefully before purchasing your coverage and ensure you comprehend what type of flood damage is covered. Call us or visit our Cordell Insurance offices for detailed information about flood insurance policies.

Who can buy life insurance in Baton Rouge, LA

As we enter our youth years, there is so much to focus on that we often forget that life insurance is the fundamental part of a sound financial plan. Life insurance is cheapest when you’re young, vibrant, healthy and full of life. That means everyone in Baton Rouge, LA is welcome to buy life insurance. Generally, if one type doesn’t work for you, there will always be a perfect one that will. However, while we all need the policy, some people need it more. Such people include:

A parent with minor children

If you are just married and have a young family with a toddler or school-going children, you may want to seriously consider buying life insurance to protect them financially if one parent dies. Life insurance will make sure your children’s financial resources are sorted until they can support themselves.

Parent to a child with special needs

Children with special needs require lifelong care that can be pretty expensive, depending on the condition. Life insurance can help pay for their education, healthcare, and other special needs in case the parents passed away.

A married couple who own property together

If the death of one property holder would mean loss of income, lack of upkeep, and inability to pay taxes and other expenses, life insurance may just be the perfect solution. An insurance agent at Cordell Insurance can help you choose which type of life insurance will work best for your situation.

Young adults looking to lock in low rates

The younger you are, the healthier you are, hence low insurance premiums. Insurance companies use age and health as the primary factors when determining your insurance rates. It also makes sense to buy insurance when young because you have fewer responsibilities.

Not sure whether you need to buy life insurance in Baton Rouge, LA? Cordell insurance can help you understand your life insurance needs better. Feel free to call us or visit.

Do I need Boat Insurance During the Off-Season?

Everyone in Baton Rouge, LA, thinks having boat insurance in winter is a waste of money. Here at Cordell Insurance, we have seen very many boat owners looking to pause their boat insurance during the off-season. There is always an excuse that the boating season only lasts for four months only, but they are required to pay insurance premiums throughout the year. 

Why You Need Boat Insurance During Off-Season?

It is understandable why everyone would be looking to avoid boat insurance in winter. It is obvious that you will be saving money on insurance premiums because your boat is on the doc. However, there are some factors that you need to understand about boat insurance during the off-season. 

The Risk of Theft

Your boat faces the risk of theft throughout the year. That is why you need to make sure that you have your insurance policy year-round. Even when your boat is in the garage, there is a chance that someone might steal it from you. 

Physical Damages

It is obvious that boats get physically damaged when they are in use. This means that you will experience most of the physical breakage during summer. However, in the off-season, your boat can get physical damages. Someone might remove some parts. Rusting is also very common in the off-season because your boat is not getting the attention it requires. 

Adhering to Regulations

It is good that you understand boat insurance laws in your state. Most of the states around the country demand that you maintain your boat insurance throughout the year. Even when your state does not require you to maintain this insurance, it is always good when you have it.

Here at Cordell Insurance, we have been helping boat owners in Baton Rouge, LA, to get boat insurance. Our insurance experts can guide you on how to maintain your boat insurance during the off-season.

Baton Rouge LA Residents Should Consider These Factors When Shopping For Auto Insurance

Choosing an auto insurance plan is a major decision. Hopefully, you never get in an accident or otherwise have to exercise your insurance plan, but if you do, you’ll want to make sure you’ve got the appropriate coverage. Cordell Insurance has helped countless people in Baton Rouge, LA pick the auto insurance plan right for their needs.

Let’s look at some factors Baton Rouge residents should consider when picking an auto insurance plan.

How Much Is The Deductible?

You’ll want to pay close attention to the deducible. This is the amount you have to pay out of pocket before insurance kicks in. If you don’t have money set aside for emergencies, you may want to pick a plan with a lower deductible.

How Much Liability Coverage is Provided?

Liability coverage will cover someone else’s medical bills and property damage costs if an accident occurs. The more liability coverage your auto insurance plan offers, the lower the risks that you may personally have to pay for someone’s medical bills or other costs.

Does An Auto Insurance Plan Cover Water Damage?

Baton Rouge and Louisiana experience floods and extreme weather from time to time. Comprehensive auto insurance plans often cover water damage but only under certain situations. Make sure you read the fine print when selecting a car insurance plan.

How Is Personal Property Handled?

Auto insurance usually does not cover personal property stolen from within a car. However, some insurance providers do provide optional plans for personal property coverage. If you frequently leave the expensive property (such as a laptop) in your vehicle, you may want to get personal property insurance.

If you have any questions or would like help selecting an auto insurance plan, get in touch with Cordell Insurance, which serves Baton Rouge, LA.

Does boat insurance cover natural disasters?

A boat is not something everyone can afford in Baton Rouge, LA. Your ability to have a watercraft vessel is a privilege that you cherish every day. In valuing such a privilege, it is important that you maintain the best indemnity policy that covers all incidents, including natural disasters. The agents at Cordell Insurance can help you better understand your boat insurance policy. 

Does boat insurance pay for natural disasters?

A standard boat insurance policy does not pay for natural disasters. You need to add coverage if you want your vessel to be covered in a tornado, hurricane, or fire. 

Many boat owners in Baton Rouge, LA are unpleasantly surprised to learn they do not have enough protection after a natural disaster has destroyed their vessel. Such revelation places these boat owners in a serious financial bind. 

The last thing you want is to have to surrender your dream of owning a boat because you lacked enough coverage to replace the vessel after a natural disaster. It is important, then, to check your current policy to ensure that you have full protection. 

How does protection for natural disasters work?

You do not need to purchase coverage for every natural disaster that may occur in Baton Rouge. Natural disaster protection provides coverage regardless of whether your boat is destroyed by water, wind, or fire. 

Call Cordell Insurance for help!

We specialize in helping boat owners find the indemnity policy that works best for their adventurous lifestyles. Do not wait until it is too late! Call us today to learn more about boat insurance and to get started with a quote for coverage!

Benefits of a comprehensive RV policy

Owning an RV can be very exciting and a great way to explore the beautiful landscapes that LA offers. The Cordell Insurance team is here to answer any questions that Baton Rouge, LA area RV owners may have. It is important to have the benefits of a comprehensive policy in place before you hit the road.

Why Comprehensive RV insurance is worth checking out

There are many different ways to use your RV, from a few camping trips to spending months out on the road. Whichever way you enjoy your vehicle, there is sure to be a policy that suits your needs. 

  • Road protection is just one aspect of RV insurance – having collision insurance, and roadside assistance are important parts of RV insurance, but more protection is typically a good idea.
  • Camping and RV parks require coverage too. Having liability protection for when your RV is stationary is important, especially when other guests are coming to join you and spend time in your RV.
  • Theft, damage, and loss protection can help you when your vehicle is vandalized, damaged, or stolen. 

Because of all of the different ways an RV can be used it can feel like there are a lot of moving parts when it comes to selecting a comprehensive insurance policy. With a comprehensive policy, you can find coverage that fits the way you use your vehicle. This helps to provide the most comprehensive protection in the event that you do experience a covered event. 

Let us answer your RV insurance questions!

Baton Rouge, LA area RV owners can rely on Cordell Insurance. We are here to review all of the available RV policy options in our state. Call or stop by today and learn more about how to protect your RV. 

Who would benefit from getting umbrella insurance in Baton Rouge?

People that reside in the Baton Rouge, LA area are going to have a variety of different personal insurance needs. One important form of insurance coverage that you will need is umbrella coverage. This is a unique form of personal liability insurance, which is well worth the investment in some cases. There are several situations in particular when someone could benefit from getting into a new umbrella coverage policy. 

When Looking for More Liability Coverage

A situation when someone would benefit from having umbrella coverage in this area of Louisiana is when they want to have more liability coverage. Most people will have personal coverage through their current home or auto policies. While these policies include some liability protection, there are situations when it is not enough and damages are higher than the policy limit. In these cases, an umbrella policy would be helpful as it could give you the additional personal coverage that you need.

When Trying to Prepare for Unexpected

The main advantage that comes with umbrella coverage is that you can prepare for the unexpected. While there are some liability risks that you can prepare for, there are others that can seem to come out of nowhere. To ensure that you are ready for the unexpected, you should get an umbrella policy that offers you broad liability protection. 

There are clearly many situations when someone could benefit from getting an umbrella insurance plan in Baton Rouge, LA and the surrounding areas. The team at Cordell Insurance can be a great resource when you are looking for coverage. There are a lot of complexities that come with choosing a new umbrella insurance plan. The team with Cordell Insurance can answer any questions that you have to ensure that you are able to pick the right policy for your situation. 

A Guide To Help Louisiana Residents Find Life Insurance

Cordell Insurance serves the Baton Rouge, LA community through offering residents multiple types of insurance coverage. We strive to help our clients find policies that will protect their assets. Providing customer satisfaction is our primary objective.

Life Insurance

While an uncomfortable topic, life insurance allows you to start planning the legacy that you want to leave behind for your family. The policy helps ensure that your family will have a safety net after your passing. Life insurance will help alleviate some of the stress and pain associated with the grieving process.

There are multiple types of policies to consider, so it is important that you choose the best fit for your individual situation. Term life coverage provides assistance for a specified number of years. Normally, term life policies are divided into 10-year intervals. Whole life policies cover you throughout your entire lifetime. Universal life policies are a flexible way of protecting your assets. Research each policy carefully before making a decision.

Regardless of your situation, life insurance is an asset. The policy allows you to set a plan for your future that will lessen the burden on your loved ones. Even if you are single at the moment, things may change in the future. Perhaps you may decide to move away from Baton Rouge LA to explore life.  Life insurance allows you to leave something for your future spouse or children. Even if you remain single, life insurance lays the foundation so that there won’t be any uncertainty regarding the handling of your assets after you pass away. It’s never too early to start thinking about life insurance. Even if you are in your 20s, start laying the foundation for your future.

Cordell Insurance Will Help You Plan For The Future

For more information on life insurance, visit our website today.

Is getting auto insurance necessary in Louisiana?

When you live in the Baton Rouge, LA area, you will likely want to own a car as it will make it a lot easier for you to get around the city. If you are going to get a car here, you do need to make sure that you get the right insurance for it. There are several reasons why getting auto insurance should be considered a necessity for anyone in this area of the state.

Insurance Protects Asset

One of the reasons that getting an auto insurance policy should be considered a requirement for you is that it can protect your asset. Buying a car will come with a big purchase and investment that should be protected. If you get a full auto insurance policy here, you will have coverage to offset the risks of many situations that would otherwise lead to a loss including theft or vandalism.

Insurance is a Requirement

You should also get an auto insurance policy because it will be a requirement for you. Those that want to use a public road in Louisiana will need to abide by the state laws that require drivers to carry liability insurance. Additionally, if you have taken out a loan to purchase a car, you will need to meet the lender’s insurance requirements that often require you to have a full comprehensive and collision policy.

Getting an auto insurance policy is a good idea for anyone in the Baton Rouge, LA area. If you are looking for a new policy here, you should reach out to Cordell Insurance. The insurance team at Cordell Insurance has helped many people in this area choose a policy that offers the right protection. They can help you as well by evaluating your situation and helping you determine your specific needs.