How much auto insurance do I need to carry

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Need is one of those words that can be defined in a few different ways. A need can mean required by law, or it can mean should have from a practical sense. At Storey Insurance in Senatobia, MS, we have an experienced team of independent agents ready to make sure that you get what you need when it comes to auto insurance. 

If you have a car loan or are leasing your auto, you will need to carry both collision and comprehensive coverage. The lender or lessor will require it to protect the money they have invested in your vehicle. In the state of Mississippi, you are mandated to carry liability auto insurance. This protects other drivers and their property from you. The minimum that you must have is 25/50/25. $25,000 in accident or death protection for one person and $50,000 for the total accident. It also has $25,000 for the property of the accident victim. 

Liability is the required coverage the state says you need to carry but is it enough for you? For most people, having a car is not optional, and it is a necessity. Getting to work, to the grocery store, and appointments are all much more difficult if you can’t just get into your car and drive there. If you have an accident and you are at fault, or the other driver has little or no insurance, you will have to pay to repair or replace your vehicle. 

For most people, that type of expense would prove to be a hardship. With collision and comprehensive auto coverage, you would only need to come up with the deductible. 

If you have questions about the coverage you have on your auto policy, we would love to clarify things for you. At Storey Insurance in Senatobia, MS, our team has the experience you are looking for. Please stop in at our office or give us a call and let us give you a no-obligation quote.

 

Tips for buying commercial insurance

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As a business owner, you have lots of things to keep you up at night. One of them should not be your commercial insurance. The reason commercial insurance is so crucial to your business is it protects it from the things that can put you out of business. Commercial insurance is not the type of insurance that is identical for every business. Having an insurance agent who knows your business and the needs of that business is vital, and in Senatobia, MS, that is Storey Insurance. Here are a few tips for buying commercial insurance.

Assess your risk

You can’t expect your insurance agent to know your business better than you do. You need to understand what your weaknesses are and the areas that need protection. You also need to know anything that might be considered risky business and correct it if possible. 

Choose a reputable insurance agent.

Your insurance agency can make all the difference when it comes to choosing your commercial insurance. With all the different available components of commercial insurance, having an agent who takes the time to understand your business and only tries to sell you the insurance that is right for you is important. Nobody wants to pay more than they should, especially when there is no benefit to your business. 

Shop around

Either do the shopping yourself or go to an independent insurance agency so they can do the shopping around for you. Not every carrier provides the same level of service and the same pricing. You want to be sure you get excellent service but pay the best possible price. 

Bundle

By bundling some of the coverages, you may be eligible for discounts, or you may want to consider a business owner’s policy that pre-bundles several different coverages together. 

When you are ready to update or review your current commercial coverage, at Storey Insurance in Senatobia, MS, we are prepared to give you a no-obligation quote. Give us a call or stop in our office. 

Home Insurance Protects Your Biggest Asset

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Having insurance on your home is generally required if you have a mortgage, but if your home’s paid for, you technically don’t have to insure it. Still, protecting your assets is very important, and one of the best ways you can do that is through a good home insurance policy. That way, you’ll have the type and level of coverage that’s right for your needs, and you’ll also have the security and peace of mind that comes with knowing your most prominent asset has the needed level of protection. If you’re in the Seantobia, MS area, let Storey Insurance help you with your coverage needs. We can answer your questions and make sure the policy you have is the right one for you.

Even once your mortgage is satisfied, keeping your home insured goes a long way toward protecting your present and your future. If you have a family, adequate insurance coverage can also help to protect them if something should happen to you. But don’t just assume the policy you’ve always had is the one you should be kept for the long term. You may have different needs now, and if anything about your home has changed, you’ll want to make sure those changes are reflected in the insurance policy you have. If they aren’t, you could find that you don’t like the right level of coverage.

By working with us at Storey Insurance, you can adequately cover your Seantobia, MS area home and feel comfortable with the home insurance policy you have for it. See us today, and we’ll work to help you find the right policy. We know insurance can be confusing, and that’s why we’re available to help when you have questions, or you need to make changes to your policy or your coverage levels. We’re dedicated to helping you protect your most important assets.

Is basic auto insurance the right choice for me?

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Basic insurance is the amount the state of Mississippi requires drivers to carry to register their motor vehicles. The amount you need to carry is $25,000 in bodily injury or death for each person with a total maximum of $50,000. You also need an additional $25,000 for damage to property. This is usually referred to as 25/50/25. It is the necessary amount required, but is it the right amount for you? Before that question can be answered, your insurance agent will need to ask you for some information. At Storey Insurance in Seantobia, MS, we have been helping our customers find reliable coverage at reasonable prices for over 17 years. 

To know if basic auto insurance is the right choice, the first thing you need to consider is how much are you worth? Do you have assets, own a home, have savings? Will the basic amounts of liability insurance be enough to protect your assets in the event you have an accident where you are at fault? You could be made to pay hospital expenses and even be sued. It may be the basic amount is not enough. 

If you own a vehicle with very little value, then basic insurance may be enough. But if you have a loan or a lease, you will need to carry collision and comprehensive coverage. If you own your car outright and it has significant value, and you rely on your vehicle to get to your employment, to appointments, or just to go grocery shopping, then having more than basic insurance is in order. Collision and comprehensive protect your vehicle and will help you to repair or replace it. 

At Storey Insurance in Seantobia, MS, we are here to help you make sure you have all the auto insurance you need. Stop by our office or give us a call to make an appointment for a no-obligation quote. 

What Can Commercial Insurance Cover?

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When you run your own business, you know just how much work has gone into it. You’ve gone the extra mile to build it from the ground up, and the last thing you want to happen is for a minor issue to creep up and cause significant problems with how it functions. Commercial insurance can help with this. But what exactly can commercial insurance cover? At Storey Insurance, we’re able to help address these concerns, so if you live in or around Seantobia, MS, we want to provide you with all the answers and information you need to select the commercial insurance that’s right for you. 

Your Equipment

You don’t need to own a building to own the equipment inside. When your business relies on the equipment, you need to protect it as any shutdown can end up costing you. Commercial insurance can protect this. 

Your Payroll

Payroll insurance helps keep your employees paid should your business need to shut down. Maybe the property floods or the building is damaged, and you can’t work. With payroll insurance, your employees will continue to be paid. This way, your workers won’t suffer as you repair the building and get everything back up to speed. 

Vehicles and Property

You can protect the vehicles you drive and different aspects of your business property with varying commercial insurance coverage. 

Finding Commercial Insurance For Your Business

Your small business is essential, and as such, you need commercial insurance that goes the extra mile to protect it. Here at Storey Insurance, we want to do everything in our power to protect your company, which is why our staff proudly services you in Seantobia, MS. If you have any questions about small business, we are here to help. Give us a call with any questions you might have. 

Figuring Out How Much Home Insurance You Need

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One of the main misconceptions of home insurance in Seantobia, MS is how much you need. You don’t need coverage for the home’s market value. Instead, you should have enough to be able to put the same house on the land if there is a total loss. Being underinsured can mean you lose your home and one of your most significant investments in the event of a disaster. 

For your dwelling coverage, you should make sure that you have the replacement cost. This is the amount of money it takes to build a replica of your home. To calculate your replacement cost, you should have an idea of local construction costs. You can ask your agent at Storey Insurance to help you look up these costs. Some free online calculators can give you a replacement cost estimate. An expert independent agent can also give you an estimate. Different factors will affect your replacement cost in Seantobia, MS. If you have done any remodeling or have added structures or additional rooms, you need to keep this in mind. Also, pay attention to new building codes that were implemented after your home was initially built since this can also increase construction costs. 

In order to determine how much personal property coverage you need, do a home inventory. If you have more expensive items, you want to make sure that your insurance will cover these items. It can be easy to underestimate what you own, so it’s important to start making a list.

Many policies will come with a minimum of $100,000 in liability coverage. You should have more if you can afford it since liability covers a lot of different accidents. Having certain breeds of dogs can also increase your liability risk.

Contact Storey Insurance to get a quote on home insurance. 

Finding The Auto Insurance That Fits Your Budget and Needs

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Have you ever been driving on the road during a regular commute, and out of nowhere, an accident happens? Driving on the road requires the utmost attention and attention from everyone. There are some uncontrollable situations and accidents that can occur at any moment while on the road. This is why having auto insurance that covers you in the worst-case scenario is vital to invest in. 

Storey Insurance is an independent agency that has served the Seantobia, MS area since 2017. Our owner Richard Storey believes in helping customers with the best auto insurance possible that fits within their budget. We strive for customer satisfaction and safety at all times. We are available 24 hours a day, seven days a week, so that our customers know that they will not be alone in the case of an emergency. Having a local team that is always there to help you, and prepared to assist you is one thought that you do not have to stress about. 

Over the years, we have been able to provide individuals with auto insurance coverage with no hidden details. Being legal and protected with the proper auto insurance will save you from unnecessary stress. Choosing the policy that will be beneficial for you can be based upon your car’s make/model and your driving history. Unfortunately, there are some drivers on the road that does not have auto insurance while driving behind the wheel of a car, which means just a little bit more cushion never hurts (but is not required). 

Are you ready to discuss your thoughts/plans with one of our agents in Seantobia, MS? Please feel free to contact us via phone during our business hours at (662) 560-7021. You can also e-mail an agent, and we will respond to your inquiry in a timely fashion. 

When expanding my business do I need to increase commercial insurance?

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Growing and expanding a business are critical goals for most entrepreneurs and business owners in Seantobia, MS. Regardless of the business type and size, it is always an exciting proposition. However, it also means increased business risk exposure and insurance needs.

That answers our question of whether you need to increase your commercial insurance every time you expand your business. Storey Insurance is here to help you throughout the process.

Workers compensation may increase

It is almost apparent that your worker’s compensation premiums may go up. This is highly dependable on the number of new employees that will be hired to help with the extra workload. Workers’ compensation insurance rates are typically based on the wages and salaries of the employees.

Increased work-related risks

Workers’ compensation reimburses employees for the income lost due to work-related injuries. More employees mean more risks on injuries to the employees irrespective of the type of business. This is likely to increase your premiums by your commercial insurance provider.

Changes in the nature of the business

There are high chances that your core business operations may change. For instance, if your business primarily dealt with wholesale products, you may want to buy vehicles for delivery purposes. Your insurance provider will need to increase your insurance to cover for the cars as well as the new drivers.

Expanding outside Mississippi

If you intend to grow your business into a neighboring state, get prepared to buy more than one commercial policy. Depending on the nature of the business, you may not need to buy two separate commercial policies but two worker compensation policies.

Speak with your Storey Insurance agent before taking a step on expanding your business. For policy inquiries and quotes, visit us in Seantobia, MS today!

A Beginner’s Overview on Home Insurance

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Buying a home is the first milestone purchase for an individual or couple looking to expand their horizon. Often, choices of this nature are based on the current state of your finances. However, once you begin the process of purchasing a home, there are certain things you need to know before moving forward. Let Storey Insurance in Seantobia, MS help you with your questions.

First, you must understand how important home insurance is to protect your new investment against damage and theft. Most mortgage companies require lendees to have some form of home insurance, and proof must be verified before the home goes through escrow. If not, then the transaction could be canceled or delayed. 

What Home Insurance Provides

A standard home insurance policy will cover all cost-related damage to the interior and exterior of your home. Homeowners will be compensated for all repairs done to the house from damage caused by fire, hail, lightning, and other disasters covered by the policy. However, any damage done by flooding, earthquakes, or poor maintenance isn’t covered by a standard home insurance policy. If you want protection from these types of disasters, then you need to have separate coverage for your home and other assets.

Liability Coverage is Important to Protect Yourself

Liability coverage is an essential item that must be included in a standard home insurance policy. It protects homeowners from being sued by others. Often, the lawsuit centers on gaining financial compensation for injuries sustained inside the home or caused by the homeowner or one of their family members. The compensation includes paying for all of the party’s medical expenses, pain and suffering, or lost wages due to their injuries. Also, a victim could seek some form of compensation if their personal property was damaged or broken during their stay at your home. 

Storey Insurance in Seantobia, MS prides itself on providing the latest information available on home insurance. Come in and speak with a staff member as they can personalize a home insurance policy that meets your needs.