The Impact of Smart Home Technology on Home Insurance

In today’s fast-paced world, smart home technology has become increasingly popular, offering homeowners a wide range of benefits, from improved security to increased energy efficiency. At Cordell Insurance in Baton Rouge, LA, we understand the impact of innovative home technology on home insurance and the potential advantages it can offer to policyholders.

Smart home technology encompasses a variety of devices and systems designed to automate and enhance various aspects of daily living, such as security, lighting, and temperature control. This advanced technology can positively impact home insurance by potentially reducing the risk of property damage, theft, and other incidents that could lead to insurance claims. For example, an intelligent security system can help deter burglars, while a smart thermostat can prevent costly damage from frozen pipes.

Numerous insurance firms acknowledge the advantages of smart home technology, offering deductions or incentives to policyholders with such devices installed. Collaborating with an experienced agent at Cordell Insurance in Baton Rouge, LA, enhances your understanding of these potential discounts, enabling you to select a blend of coverage that aligns with your distinct homeowner needs.

Smart home technology is about enhancing convenience and efficiency in your daily life, potentially improving your home insurance coverage, and reducing your premiums. We encourage you to engage with our skilled team to gain a deeper understanding of how smart home technology influences home insurance and discover how Cordell Insurance can assist you in identifying the ideal policy in Baton Rouge, LA. With unwavering dedication, we aim to equip you with bespoke insurance strategies that ensure the safety and security of your household and loved ones in today’s technologically advanced era.

Does Regular Auto Insurance Adequately Cover My Classic Car?

Yes, technically, standard car insurance may cover your classic car. However, it won’t cover everything you need to keep your vintage vehicle in top condition. You can rely on an agent from Cordell Insurance in Baton Rouge, LA to walk you through your car policy so that you understand your options.

Regular Car Insurance May Not Pay Enough

With your standard policy, mileage, depreciation, and age all factor into how much insurance coverage you can get. Putting sweat equity and real money into restoring your vehicle might fall far short of its true value.

Fortunately, you have other options. Classic car insurance policies are specifically designed to protect your valuable antique vehicle. Additionally, this type of policy also covers perils unique to classic cars.

What Does Classic Car Insurance Cover?

With classic car insurance, you’re covered for some of the same things as a standard policy. This may include comprehensive, collision, bodily injury, and property damage. However, you can also add more coverage for your peace of mind. For example, you can cover the car’s actual cash value rather than its contemporaries’ book value.

We can help you negotiate the true value of your vehicle with your insurance company. Classic cars, unlike other vehicles, can appreciate over time. Therefore, you need a flexible policy that allows you to adjust your coverage to the actual cash value.

You’re going to want classic car insurance that will help pay for restoration in case of an accident. With the right insurance, you can get the help you need to pay for engine components, wheels, and other parts that are expensive and hard to find.

Contact Cordell Insurance in Baton Rouge, LA to learn more about the differences between regular and classic car insurance. One of our agents can explain your existing coverage and how to adjust it for coverage gaps.

Is Boat Insurance Required in Louisiana?

According to the experienced and knowledgeable agents at Cordell Insurance, serving the Baton Rouge, LA area, boat insurance is not legally required in Louisiana. Still, there are several great reasons to have a policy anyway.

Remember that if you finance your boat, your lender will more than likely require you to have boat insurance until the loan for your beloved watercraft is paid off. Some marinas may also require your boat to be insured for you to be able to use their facilities.

Listed below are the different types of boat and watercraft insurance coverage options that are available to protect the investment you have made.

Boat and Watercraft Insurance Coverage Options

Liability Boat Insurance

Liability boat and watercraft insurance will assist you in paying for any expenses associated with an accident that is your fault. For instance, if you have an accident with another boat, a liability insurance policy will help you pay for any property damage to the other person’s boat and any injuries caused by the accident.  

Comprehensive and Collision Insurance

Comprehensive boat insurance coverage will come in handy if a fire damages or destroys your boat. You never know what may happen in the future, such as a natural disaster or an act of vandalism. Comprehensive boat insurance will assist you in these situations, also. Even if your boat is stolen, a comprehensive boat insurance policy can help you tremendously.

Collision insurance is great to have in place if your boat collides with another boat or watercraft while out on the water or collides with a stationary object.

Call for a Quote!

To create the best boat insurance policy for you and your situation, contact the boat insurance agents at Cordell Insurance, serving the Baton Rouge, LA area today!

Why You Should Get RV Insurance Before Your First Roadtrip

When you have an RV, our team of professionals at Cordell Insurance serving Baton Rouge, LA are happy to explain how important it is to cover it adequately for emergencies, disasters, and more. Even if you have yet to take the vehicle for a test drive, it’s never too early to buy an RV insurance policy for your recreational vehicle.

What is RV insurance?

RV insurance is like automobile insurance for a recreational vehicle, also known as an RV. 

What does RV insurance cover?

While every policy is different, RV insurance tends to cover liability, medical, damage, repairs, replacement in the case of theft, and more.

Why should I get RV insurance before I hit the road?

Even if your first road trip isn’t set to start until several months, it is still important to have RV insurance for several reasons. Firstly, even if you don’t drive your RV yet, RV insurance can still be a useful policy to have. In a disaster that damages the RV or theft of a recreational vehicle, RV insurance policies can help cover the costs of fixing or replacing the vehicle so that your plans and finances aren’t disrupted heavily by these unexpected events. 

Additionally, having RV insurance in place when you purchase the RV ensures that the policy will have time for the coverage to start. In some cases, insurance takes time for some or all of the policy’s coverage to kick in. While you may not feel like you need RV insurance today, it’s better to have coverage when you need it than not have it in an emergency.

For peace of mind, call Cordell Insurance for RV insurance in the Baton Rouge, LA area.

Why Umbrella Insurance is Especially Crucial in Baton Rouge, LA

Umbrella insurance policies are supplemental insurance policies that can provide increased protection from damages and liabilities. Given how much additional protection they provide, these plans are often very flexible and valuable. With Louisiana among the most litigious states in the country, obtaining additional insurance protection is wise. Live near Baton Rouge, LA? Discuss umbrella coverage options with Cordell Insurance.

Rain or Shine Umbrella Insurance is There For You

Many insurance policies have limits. For example, a home insurance policy might have a maximum upper value of $500,000. If that home is worth a million dollars and is destroyed in severe weather, the insurance policy may not provide full coverage. Reading the fine print is essential, but umbrella insurance may cover the gap. Given the local weather and other risk factors, it’s wise to take out increased insurance coverage in Louisiana, particularly in Baton Rouge.

Some umbrella insurance policies will cover events that take place off personal property. Of course, discuss what’s covered with your insurance agent. However, umbrella insurance policies may cover some or all damages if a family member causes an accident at school or the mall. Given Louisiana’s complicated legal system, umbrella insurance is critical regarding liabilities.

Umbrella insurance is often quite affordable, especially considering how many benefits it provides. Simply having more peace of mind could prove to be invaluable. With all that said, remember that insurance policies can vary substantially. This is true with basic insurance, including homeowners and automobile insurance.

With supplemental insurance, coverage can vary even more widely. This is due, in part, to the fact that umbrella insurance is used to address specific needs and concerns, which in turn can vary a lot from person to person.

Reside near Baton Rouge, LA? Stop by Cordell Insurance.

Things to Consider Before Purchasing Life Insurance

Purchasing life insurance is an important decision that can significantly impact your financial future and your family. Life insurance provides peace of mind, knowing that if something were to happen to you, your family would be taken care of financially. Cordell Insurance serving Baton Rouge, LA, and the surrounding areas, can help you make an informed decision about your life insurance needs. Here are some things to consider before purchasing life insurance. 

Determine Your Coverage Needs

How much life insurance coverage you need depends on your individual needs and goals. Consider factors such as your current income, future earnings potential, debts, and other financial obligations that may need to be covered. It would be best to consider the lifestyle you plan on providing for your family and their future needs, such as college tuition.

Choose an Appropriate Policy

Your specific needs and goals should determine which type of life insurance policy is best for you. Several policies are available, including term life, whole life, and universal life. Each has its advantages and disadvantages, so it is vital to research and speak with a professional before making a final decision.

Understand Policy Terms and Conditions

Before purchasing a policy, it is essential to understand all terms and conditions of your life insurance policy. Read through the policy and ask questions about anything you may not understand. Be sure to research any riders included in the policy, as these can affect future costs or benefits of your policy.

Evaluate the Future of the Insurance Company

You want to make sure that the insurance company you choose is financially stable and will be around in the future when you need it. Research their financial strength ratings from independent agencies such as Standard & Poor’s to ensure they are reliable.

Secure Your Family’s Future With Life Insurance

Life insurance is one of the best ways to protect your family’s financial future. Working with a trusted professional, such as those at Cordell Insurance, serving Baton Rouge, LA, can help you make this critical decision. We help you assess your life insurance needs and find the right policy. Contact us today to learn more about our services.

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.