Senatobia MS

Why You Need Home Insurance

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If you are a homeowner, it’s extremely important to have a home insurance policy. These policies offer several different types of coverage that are all needed by every homeowner. If you need a home policy, give us a call today at Storey Insurance in Senatobia, MS.

Protecting What You Own

One type of coverage that is included in a home policy is coverage for all of your belongings that are in the house. These represent a substantial investment, much like the home itself, and they need to be covered. If a serious incident were to happen that damaged your belongings, or perhaps destroyed them, your home policy would be there to pay for you to start replacing them. 

Coverage for the House

The house itself is covered through the policy as well. This allows for the policy to pay for repairs when certain, covered incidents happen that damage the house. Because repairs can be so expensive, this is valuable coverage that no homeowner should ever be without. The policy can help you to repair and/or rebuild without your having to come up with the money to get that work done. 

Liability Protection

Another component of most home insurance policies is the liability portion. This type of coverage will pay the medical bills that are due after someone is injured while on your property. If you are found liable for them, the policy can pay them instead of you being sued for them. This coverage is a great way to protect your future finances with a policy that can certainly come in handy. 

Protect Your Home

Every homeowner has invested significantly in their home, and every homeowner should protect it with a home insurance policy. If you need a home policy, give us a call at Storey Insurance in Senatobia, MS.

Do I need auto insurance after my auto loan is paid off

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These days, auto loans have become multi-year obligations. By the time you finish paying off your loan, you may be wondering if your vehicle even needs auto insurance anymore. It may seem like a good idea to not only not have an auto loan payment but do away with the insurance premium as well. At Storey Insurance in Senatobia, MS, we are here to help our customers 24-hours a day 7 days a week. We will be here for you from the time we find you a policy through any emergencies you may have. 

In Mississippi, you are required to carry at least the minimum auto insurance. In Mississippi, the minimum is 25/50/25 of liability coverage. That is $25,000 in injury coverage for the first injured person and $50,000 for the entire accident. An additional $25,000 is for property damage. If you don’t carry at least the basic minimum amount of auto insurance the first time you are caught you will be fined $1,000 and have your driving privilege suspended for one year or until you show proof of insurance. 

Liability insurance protects other people from the results of an accident that you are responsible for. But, what about your vehicle? If you have only basic coverage your vehicle will not be covered and depending on the amount of damage, you will be responsible for the repair. If it is a total loss, you are out of luck. If you don’t have an accident, but your vehicle gets damaged by events beyond your control, could you easily pay to repair or replace it? If the answer is no, then perhaps having collision and comprehensive insurance is worth your while. 

Most people count on their vehicles every day. Living without it would be a hardship. At Storey Insurance in Senatobia, MS we can help you find the perfect auto insurance policy for you. 

What is the benefit of having commercial insurance?

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Senatobia, MS can be a great place for someone to start and run a business. As you are looking to start a company in this region, you will want to know you are protecting it as well as you can. A way that this can be done is by getting insurance for the company. A commercial insurance plan offers a few benefits that make it well worth the investment. 

Protection Against Liability Risk

An important reason for any business in this area of the state to get commercial insurance is that it can provide support and protection against liability risk. As you are looking to serve your customers, there will always be a chance that one could get hurt through the use of your product. As this could result in a sizable liability claim, having a commercial insurance plan to mitigate the risk is helpful.

Protection for Business Assets

You will also want to get a commercial insurance plan to ensure your business assets are protected. If you intend to start a company in this area, you will need to invest in various assets for the company. These often include inventory, office equipment, and other capital assets. As you will rely on these assets to grow and serve customers, protecting the assets is very important. If you get commercial coverage, you can protect these assets with insurance. 

Picking a commercial insurance plan in the Senatobia, MS area is always a good idea. As you are looking for an insurance plan in this area, it would be wise to call Storey Insurance. Those that would like this coverage will find Storey Insurance can answer all of their questions and ensure they receive the right protection. This can ensure that you are your business are properly insured at all times. 

4 Misconceptions About Home Insurance

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If you are shopping for home insurance in Senatobia, MS, you might have come across numerous pieces of information — some important and others misleading. But how do you separate the chaff from the grain? It can be challenging, given half-truths might appear like the gospel truth. Fortunately, Storey Insurance is here to debunk common myths about home insurance. 

Home insurance is required by law.

This misconception is a popular one. No state requires you to carry home insurance. However, if your home is loan-financed, your lender will insist you purchase home insurance until you clear your outstanding loan. Lenders do this to protect their financial interests, given that many homebuyers don’t have the cash to cover damages to their homes when disaster strikes.  

Home insurance covers everything.

While it’s valid, home insurance covers damages and losses emanating from fire, hail, lightning, theft, and many other risks, home insurance has exclusions –like other insurance coverages. Your typical home insurance won’t cover damages resulting from

  • Floods and earthquakes
  • Wars
  • Mold and pest infestation
  • Neglect or normal wear and tear

If in doubt, please talk to your insurance agent to understand what your home insurance policy is or is not covered.

Home insurance is a waste of money.

The truth is nobody likes paying insurance. However, when disaster strikes, you will be glad that you had insurance. Similarly, home insurance costs a fraction of your home value but can save you thousands of dollars when disasters strike.  

My insurance company will put me in a hotel when a disaster damages my house.

This statement will only be valid if you have a loss of use add-on on your home insurance. Otherwise, you will have to incur out-of-pocket additional living expenses when your house becomes unlivable due to damage from disasters like fire or hurricanes. 

Buy home insurance today.

Would you like to protect your Senatobia, MS with home insurance? Please contact Storey Insurance for an affordable quote. 

 

What Mississippi drivers need to know about auto insurance

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Auto insurance is something we all need but probably don’t think about too much. Fortunately for the Senatobia, MS community, Storey Insurance is here to address the area’s insurance needs. We recommend that our clients review their policies before renewal and are here to help! As your family grows and daily needs change, it’s important to make sure that auto coverage is appropriate for those needs. 

Mississippi auto insurance features

In Mississippi, we have state-enforced insurance guidelines that are a helpful starting point for Mississippi drivers. Insurance needs can be unique, and it’s important to ensure that those needs are met. Teenage drivers, commuters, and retirees all have varying levels of appropriate insurance coverage. There are also many wonderful features and benefits available, such as roadside assistance, rental car coverage, and enhanced liability protection. Depending on your lifestyle, these features, or others that are available, may be appropriate.

A regular auto policy review is a great way to ensure that your family’s coverage is adequate and appropriate. A professional agent will take the time to ensure that they understand the auto insurance needs of your family and provide information on policies that are a good fit. It is important to have all relevant information to review before making an informed decision. Auto insurance is a necessary part of our lives.  

Review, don’t just renew!

We’ve found that many clients renew their insurance policies year after year without confirming that their needs are still being met. Insurance needs can change over time, and one’s policies must keep pace. Here at Storey Insurance, we are prepared to meet the insurance needs of the Senatobia, MS community. Call, click, or stop by today!