Do all Mississippi car owners need auto insurance?

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When you are in the Seantobia, MS area, it makes a lot of sense to own a car. Those who are vehicle owners in this area of the state will have a much easier time getting around town and completing all of their daily tasks. As you are looking for a car here, you should also carefully assess your insurance needs. There are a few reasons people need to have auto insurance. 

Coverage is a State Requirement

A reason that people here need to get auto coverage is that having it is a state requirement. Those that would like to drive a car here will need to comply with the state’s laws surrounding liability insurance. If you do not have the coverage necessary to comply with this provision and requirement, you could violate state law. You will face a variety of different penalties. 

Coverage is Needed to Protect Car

You will also need to get an auto policy to protect your car. Anyone that buys a car will be making a big investment, and the best way to protect it is with insurance. When you get an auto insurance plan, it will provide you with the coverage needed to repair or replace your car if it is stolen or damaged. 

People all over the Seantobia, MS will need to have auto insurance when they buy a car. If you are going to purchase a vehicle here, you also need to make sure that you understand your insurance options. The team with Storey Insurance can help you determine your needs and options regarding insurance coverage. Storey Insurance can then help you build a policy that is appropriate for your situation. 

Who should get commercial insurance in Mississippi?

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Business owners in Seantobia, MS will continue to find many different ways to be successful. As you are looking to establish or grow a business here, you should ensure that you get proper coverage for it. One great way to insure your company is by getting a full commercial insurance policy. There are a variety of scenarios when a small business owner here should get a commercial insurance policy.

Businesses With Requirements

One of the situations when a business here should get commercial insurance is when they have certain requirements. If your business has taken out a loan or raised other capital, there will likely be requirements that mandate the type of coverage you get. If you do not have a commercial insurance policy when required, you could find yourself in default with your lender or other capital providers, which could be costly for your organization.

Businesses that Want Protection Need Insurance

You will also want to get commercial insurance to ensure that your company is properly protected. A business will take on many different risks, including the risk of being sued for liability or if you lose a major asset. When you get commercial insurance, it will provide you with the coverage necessary to mitigate these risks. 

There are plenty of reasons for a small business owner in the Seantobia, MS area to get an appropriate insurance policy for their company. When you are ready to start looking for your next policy, it would be a good idea for you to call Storey Insurance. The team with Storey Insurance understands the unique needs that come with insuring a business. They can then help you to build a policy that will provide the right coverage for your situation. 

Why and How to Take a Home Inventory for Home Insurance

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Home insurance provides coverage for the contents of your home as well as the structure itself. If you need to claim personal belongings, the insurance company will need to know information about each item in your claim. At Storey Insurance in Seantobia, MS, we recommend making a home inventory as soon as possible. 

Why a Home Inventory? 

Your insurance company will require you to provide information about the items in your claim, including any type of proof you have of your belongings and their value. It can be difficult to get this information after a loss. If items are stolen or damaged, you will likely struggle to remember them all. Serial numbers and other valuable information may not be available when you make your claim. A home inventory also allows you to calculate the value of the items in your home to determine if you have enough coverage. 

How to Make a Home Inventory

Creating a home inventory can seem overwhelming. It is easiest to start with a video or photo of your valuable items. Work your way from one room to the next, and be sure that any identifiable information like serial numbers are visible. This also gives a record of the condition your valuables are in. 

Next, you’ll need to make a formal list. Some apps can help you create a home inventory. You may also choose to create a word document or write it down on paper. 

Your inventory should include all the following information you can gather:

  • Description of item
  • Make, model, or serial number.
  • When and where the item was purchased
  • Cost and/or appraisal value at the time of purchase
  • Latest appraisal value if applicable

Home Insurance with Storey Insurance

If you own a home in Seantobia, MS, contact us at Storey Insurance. We can help you select the right coverage for your needs and offer more advice on creating a home inventory. 

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.