Is Flood Insurance Required in Louisiana?

There is a rumor that those living in Louisiana can bypass flood insurance and rely on their home indemnity policy alone to get them through the challenges that inclement weather brings. Such a notion is nothing short of a fallacy.

Flood Insurance Is A Necessity

There is no official state law that requires all individuals living in Louisiana to obtain flood insurance. Congress, however, has mandated that all lenders with mortgaged properties in high-risk areas require borrowers of said homes and commercial spaces to obtain flood insurance policies. Baton Rouge, LA is definitely a high-risk area, thanks to Hurricane Katrina and other storms that ravaged the city in past times.

Homeowner’s Insurance Is Not Enough

The average person, unfortunately, believes that their home indemnity plan is enough to keep them covered in a storm that leads to flooding. The reality, however, is that a standard home insurance plan does not pay for damages caused by flooding or any other natural disaster. You may find yourself out of thousands if your home suffers flood damage while you lack the proper indemnity plan.

How Much Does Flood Insurance Cost?

You can pay as little as $200 per year for flood insurance or as much as $1,000 annually for a plan. The amount of your premium mainly depends on the probability of your home falling prey to a flood as well as your desired level of protection. An agent from Cordell Insurance can help you find a policy that best suits your needs and budget.

There are times when taking risks is a good thing. Such is not the case when it comes to flood insurance. You need a plan that fits your lifestyle in Baton Rouge, LA. An agent from Cordell Insurance can help. 

Overlooked Benefits of Life Insurance

Life insurance is an important type of insurance among the full range of insurance that a high percentage of people have. And although many people know at least the basics of what their life insurance provides, they may be overlooking some key benefits that could be helpful. With that in mind, here are some of the most important yet overlooked benefits of life insurance. This information is being brought to you by Cordell Insurance serving the Baton Rouge, LA area.

One overlooked benefit is a waiver of premium, and as its name implies, it pays for the policy’s premium if the policyholder becomes disabled or has serious health problems.

A benefit for employee assistance programs helps with services pertaining to substance abuse, marital problems, stress, and other challenges.

Another great benefit is guaranteed purchase option, which allows the policyholder to pay for future coverage without having to prove anything about their state of health. This would be relevant if the policyholder anticipates wanting to purchase coverage on a particular future date or as a result of a certain life event.

Long-term care benefit allows the policyholder to use benefits from the life insurance policy to pay for long-term care but in exchange for a decreased life benefit.

Dependent child or spouse benefit allows the policyholder to buy term life insurance for his or her spouse or dependent child if that child is 26 years old or younger.

Mortgage protection benefit pays for the life insurance policy premiums if the policyholder dies, but that benefit usually just exists on term life insurance policies.

There are many more details to know about life insurance benefits. So feel free to contact Cordell Insurance serving the Baton Rouge, LA area and get a more comprehensive look at benefits and details.

How do home insurance claims work

The question "how do home insurance claims work?" Is prevalent among homeowners in Baton Rouge, LA. Well, probably because many of us have been lucky enough to have safe homes, even after paying insurance premiums every month. Unfortunately, accidents can happen which may prompt you to fill a claim on your home insurance policy, and you probably don’t have an idea of how to go about it.

When you purchase your home insurance with Cordell Insurance, we make sure that the process is as comfortable as possible, because we know you already are messed up enough. There are three fundamental steps to filing a claim. They include:

1. Report the incident to the relevant home insurance provider. This is where you’re making a claim officially. You will be required to fill out a form either online or through a phone call and receive a claim number.

2. Your home insurance company will appoint a few claim adjusters who will come, asses the damage, prepare emergency repairs, and determine the amount the insurance company will compensate. This will depend on whether you want the repairs and replacements done or you will get the money and do it yourself.

3. Depending on the agreement you made, the company will send you a check or directly deposit the money to your bank account, and you’re good to go!

Note that if you’ve not reached your deductibles, the amount will be subtracted from the claim. Keep in mind that home insurance claims are unique for every claimer and there are other many factors that affect the whole process, as some companies have to conduct thorough investigations.

 Licensed agents from Cordell Insurance in Baton Rouge, LA can help you not only get the best coverages at reasonable rates but also make your claim procedure as easy as possible. For quotes or new policy, discussions call us or visit us today

Auto Insurance Options to Protect During Hurricane Season

For residents in the Baton Rouge, LA area, preparing for hurricane season is an annual event.  Great care is given to ensuring that our homes are protected and that our family will have the supplies they need should there be a significant weather event.  These steps increase the likelihood of a faster recovery process following a storm.  The team at Cordell Insurance know the unique threats that hurricanes present.  They want to make sure that your automobile has the right insurance so that, if damaged from a storm, you can get back on the road quickly and safely. 

To adequately prepare your vehicle before hurricane season, the agents at Cordell Insurance can help you understand your coverage options.  Having collision and comprehensive insurance policies gives you the tools to protect your auto after weather damage.  The comprehensive insurance policy is designed to address ‘act of God’ type situations such as natural disasters.  So, when a tree limb comes crashing down on your truck, you can have the damages addressed and get back to normal life.  While these policies provide great coverage during hurricane season, they will also work hard for you and your family throughout the year. 

For residents in the Baton Rouge, LA area, preparing for hurricane season is a normal part of life.  All too often, reviewing auto insurance policies to ensure they still provide adequate coverage gets overlooked.  The agents at Cordell Insurance are ready to lend a helping hand.  When you are looking for insurance coverage options, they will work with you to get you prepared for both hurricane season and the normal dangers we face in everyday life.  The best time to get auto insurance is before anything can happen.  Get the coverage you need today!

Flood Insurance and Clean Up Costs

Flood insurance is something that is not automatically included on all policies but that is included on some specialty policies that are taken out just for that purpose. Flood insurance covers a wide range of things including but not limited to the costs that are associated with the clean up of flood waters, mold and other debris removal after the flood water recedes. For those in the Baton Rouge, LA area, the agents with Cordell Insurance can help you to find the perfect policy for your needs.

The right flood policy is going to be able to help you pay for the cost of clean up after the flood waters have receded. Clean up costs can be anything from removal of water, removing drywall and replacing it, removing flooring, removing debris, and even mold mitigation after the water has fully receded and you are trying to live in your home again. This type of service is essential as the biggest issue and the biggest expense associated with flooding is often the cost of clean up after the waters have receded and you are looking to return to your home to live.

Flood insurance is something that is not necessary in all areas but in a city like Baton Rouge where flooding is terribly common, having a great flood policy in place can save you tons of money and can help you get back into your home faster. Flood insurance can be pricy but replacing your entire home after a flood is far more expensive. For those that live in the Baton Rouge, LA are, the agents with Cordell Insurance can help you to create the perfect policy that is going to meet your needs and work for your particular home and insurance needs no matter what.  

How Home Insurance Protects your Assets in Baton Rouge, LA

Maybe you never liked the neighbors much in the first place but pulling the drapes and ignoring the door won’t protect you if one of them falls on your icy driveway and sues you for negligence. Even if you love your neighbors in Baton Rouge, LA, someone could get hurt at a backyard barbeque or be tripping over a rug on game night. Don’t become a hermit, take a look at your homeowner’s policy with your Cordell Insurance agent. In the meantime, here’s some great information to get you started.

How Home Insurance Protects Your Assets

Homeowner’s insurance can prevent you from losing your home, car or business in the event of a decision against you for an accident that occurred on your property and other insured events.

Home liability insurance covers more than your house and its contents. Via family liability insurance, standard in many policies, you can protect yourself from unintended injuries caused by you or a family member or pet.

Injuries on your property can result in expensive legal battles, and not just for mailman slipping on your a slippery step. Make sure your assets stay your assets by carrying the right insurance policy.

What Else is Covered?

Check with your insurance agent regarding specific coverage, but most policies include: 

  • Damage to the house, garage, sheds and other buildings
  • Loss of personal items such as furniture, caused by theft or damage
  • Living expenses for temporary quarters during repairs for a covered event Bodily injury and property damage due to your negligence
  • Pay for injuries to non-family member hurt on your property

Contact your Cordell Insurance representative today to make an appointment and get a quote from home insurance for your Baton Rouge, LA home.


Leaving a Legacy for the Children

Life insurance is a critical component of financial and estate planning, for those that want to leave a legacy for their surviving spouse and/or children. Death may come suddenly when not expected. Good financial and estate planning prepares for this unfortunate possibility well in advance.

Changing Needs for Life Insurance

The need for life insurance changes over the course of a person’s life. When younger, a person may choose a whole life insurance plan that builds up cash value over time. Or they may choose lower-cost term life insurance that does not build up cash value. Having a discussion about plans, life goals, and the need to take care of others, if you are no longer alive, is an important thing to do with your insurance agent at Cordell Insurance in Baton Rouge, LA.

Some people feel uncomfortable about contemplating their own demise. However, life insurance is meant to protect those left behind and gives the insured person great peace of mind when an adequate life insurance policy is in place. It is comforting to know that the kids and a significant other will have enough financial resources to continue on without suffering if something bad happens. This helps one feel confident and be without worry.

How much life insurance do you need?

The amount of life insurance needed depends on the current lifestyle and the number of years desired for financial support. For example, some calculate the number of funds needed to pay for the living expenses at the current lifestyle for the kids until they reach the age of 18 and then add the cost of them attending a college or a university. That is the amount that will take them to adulthood, which is the time that they should be able to take care of themselves.

Others who do not have children calculate the life expectancy of a surviving spouse and use this figure to make the estimate of the life insurance requirements to cover that period of time while providing enough funds for living expenses to sustain the current lifestyle.

Each person’s situation is slightly different. The best thing to do is to contact your agent at Cordell Insurance, serving Baton Rouge, LA, and the surrounding area, to discuss your personal circumstances.

Getting Ready for the Summer Boating Season

For recreational boat owners in Louisiana, springtime is a great time. It is the time to remove the boat cover and get the boat ready for summer use. Each boat owner should have a checklist to follow for annual maintenance requirements that include such things as changing the oil, getting new fuel, checking the operating systems, and making sure there is an adequate amount of safety equipment and floatation devices. Maintenance may also include giving the engine a tune-up, changing spark plugs, making sure the engine runs smoothly, and that the tires for the boat trailer are inflated properly.

Another important consideration is to make sure the boat insurance coverage is adequate and up-to-date. That is easy to accomplish. All you need to do is contact your agent at Cordell Insurance, serving the Baton Rouge, LA area, to make sure the insurance coverage is adequate and in force. It is important to do this before taking the boat out of storage.

Be sure to inform your insurance agent if you plan to take on paying customers as passengers for fishing trips and so forth because that creates a different commercial insurance requirement. Also, if you have made or plan to make any upgrades and/or renovations to your boat, be sure to explain your plans to your insurance agent. Any investments made in upgrades should also be considered for updated insurance coverage.

Be sure to understand that boat insurance coverage is not only for when the boat is on the water. It is also important for when the boat is stored and when it is in transit on the public roads. Many accidents happen to boats when they are being pulled on a trailer in regular road traffic.

Have your agent at Cordell Insurance, serving the Baton Rouge, LA area, give you an insurance review and ask them about what happens for any damages caused by natural disasters, such as hurricanes. They will be happy to explain all the details to you and look for places where there may be gaps in insurance coverage, which can be remedied. Contact them today to get ready for a safe and secure boating season.

Minimum RV Insurance Requirements in Louisiana

Your standard car insurance policy may cover recreational vehicles. Even so, it is a good idea to have RV insurance to help protect your RV from specific risks that can occur with your recreational vehicle or travel trailer. Cordell Insurance of Baton Rouge LA has options to help keep your RV insured and covered in the event of an accident.

There are 2 main types of RVs – motorhomes and travel trailers. Insurance requirements vary between them. Motorhomes typically must have cooking appliances, refrigeration, a bathroom, heating and/or air conditioning, a drinkable water supply system and 110 – 125-volt electrical system to qualify. Travel trailers are towed behind other vehicles and are non-motorized.

Typically the only requirements for trailers are a cooking facility and sleeping quarters to qualify. It is important to know the type of vehicle you seek coverage for.

RV insurance has different types of coverage and many are optional. Your insurance agent can help you customize your policy to fit specific needs. Types of coverage that you can choose from typically include:

Liability insurance 
In the event of an accident where you are at fault, this will help protect you against costs associated with bodily injury and property damages. This type of coverage is a minimal requirement in most states.

This will keep your RV covered in the event of non-collision incidents such as fire or theft.

This is for standard collision damages that occur in accidents.

Roadside assistance
Optional coverage that can help with mechanical issues while on the road.

There are several options to choose from when purchasing insurance for your RV. Typically, RVs are an expensive investment and it is wise to make sure your assets are protected by the best insurance at the most affordable rates. Visit Cordell Insurance of Baton Rouge, LA today to discuss options and pricing with one of our agents. We are here to help with all your needs.

How Much Umbrella Insurance Can You Have?

Often times our insurance policies simply do not cover all that we want them to cover. In these cases, there are policies called umbrella insurance policies that help to cover the overall extras that we feel need to be covered above and beyond the coverage that is afforded with a typical policy. These types of policies can be added to just about any type of insurance which is helpful for those that do not have the coverage that they want or need from existing policies. For those in the Baton Rouge, LA area, the agents with Cordell Insurance can help find the policy you need.

Overall, umbrella insurance is something that most people will never have to take out or add to their existing policies. Umbrella insurance is coverage above and beyond the coverage that you already have in place and it covers a great deal. In most cases, you can only have as large of a policy or as much coverage as the item or property that is being insured is worth. This means that you cannot take out a $10,000 umbrella policy on a car that is worth $2,000.

Your policy value cannot exceed the value of what you are looking to insure. This helps to prevent insurance fraud from those that would take more coverage than they need and then damage or destroy the property to get the insurance money. You can talk with an agent to find out just how much you can take out of any one thing and what sort of umbrella policy is going to work best for you. You may not even need an umbrella policy.

For those in the Baton Rouge, LA area, the agents with Cordell Insurance can help you perfect any policy you choose to have the right coverage.