Home insurance is designed to protect the biggest investment most people ever make. It offers not just one type of protection but several types. It is not the kind of insurance that stays the same forever. It is something you need to take a look at from time to time. Some reasons are more compelling than others when it comes to reviewing your policy, but everyone should look at their policy at least once a year. In Memphis, TN, Keltner Insurance is locally owned and operated, and we will be there through all the insurance needs that our customers have.
When it is time for your home insurance to review, you will receive a copy of your policy with a summary of your coverage. This is the perfect time to take a good look at everything that you have in the way of coverage. You can see the amount your home is covered for, the amount of liability coverage you have, how much your deductible is, and what type and amount of content coverage you have.
The value of your home has increased
Many things that you do to your home can increase the value. If you make a major change in your home, you should let your insurance company know. Just putting in a new kitchen or roof isn’t enough to make a major change but adding another bathroom, building an addition or a new garage can and do add value
You added a liability risk
If you put in a swimming pool, have a trampoline, or have a dog, you need to review the amount of liability coverage that you have.
Content coverage review
If you have actual cash value home contents coverage, you may want to consider replacement cost. This will allow you to actually replace the items lost at today’s cost.
Contact Keltner Insurance in Memphis, TN for all your home insurance needs.
It is not uncommon to own multiple properties. Some people have rental properties to generate extra income. Others, have a home on the market that is vacant, or under construction. Tennessee is full of mountains and lakes. Owning a cabin can be an excellent way to destress and unwind on the weekends. Some individuals have vacation homes outside of Memphis, TN, and maybe in other states or jurisdictions. Second-home, rental property insurance, cabin insurance, and vacant property insurance are all options that one must consider when in these situations. Keltner Insurance can assist you if you need assistance obtaining the second property insurance that best fits your needs.
Assisting Multiple Property Owners in the Memphis, TN Area
Second-home, cabin, and vacation home insurance have different needs than a primary residence. As they are unoccupied most of the time, there are additional risk factors. These properties are more susceptible to burglaries, theft, and vandalism. Pipes bursting due to various weather conditions and the possible presence of mold, also contribute to needing additional coverage. A qualified insurance agent in the Memphis, TN area, can assist you with obtaining the correct insurance that fits your needs.
Explaining Vacant Home Insurance
Vacant house insurance is available for properties that may be left unattended more often than a primary residence. There are certain questions to ask yourself to see if this type of insurance is necessary –
- Do you have a property that is vacant for a minimum of 90 days and up to 3 years?
- Is your second property on the market, or foreclosure?
- Do you have a property under renovation?
Some home insurance policies do offer vacation home insurance, dwelling, and second property insurance. It sometimes can be attached to an existing homeowner’s insurance policy. Some insurance providers, however, are wary of the risks involved in adding this type of insurance to your policy.
Rental Property Insurance
When you have a tenant living in a residence that you own, getting rental property insurance can be a wise choice. It can protect you from the various risks that are associated with renting your second property to someone else. There is a high degree of liability involved. You are responsible for the building as well as other possible situational occurrences. A property owner may be liable for any injuries that occur in the residence that your tenant or their guests incur. Damage to belongings is also another reason to get rental property insurance. Contact Keltner Insurance for more information on obtaining insurance for multiple properties.
Professional home security systems are becoming increasingly more popular. They are also becoming much more affordable. When residents of Memphis, TN have questions about the benefits of having a professional home security system, the staff of Keltner Insurance is always available to help them find the answers they need.
A do-it-yourself home security system may run you as much as $500 for equipment. If you purchase a professional home security system like ADT or Vivint, you will be required to sign a contract for approximately 3-years. The benefit of that is minimal upfront cost and no replacement costs if something breaks. Professional monitoring will vary in price, but in most cases is very affordable.
Easy to Use
Most professional systems are very easy to use. When the system is installed, the technician will go over how the system operates and what you need to do to keep it in good working order. They will also show you how to use smartphone apps and other features so you get the most out of your system.
Professional systems provide services in terms of round the clock customer service, professional monitoring, and professional installation and set-up. They make sure everything is installed correctly the first time.
Memphis, TN residents who need advice on what type of professional home security system will work best for their home can call the agents at Keltner Insurance. Visit the office or call to schedule a consultation. They can sit down with you and discuss the size of your home and what type of home security system will best meet your individual needs.
Getting homeowners insurance from Keltner Insurance can be an important step for protecting your home and property. When it comes time to file a claim for damages or for liability, you are going to need coverage. If you live in Memphis, TN, then you should get in contact with an agent to discuss options for home insurance. Read more to learn about the top reasons for filing claims on homeowners policies.
Storms and Severe Weather Problems
Storms and the violence and chaos of weather is a top reason for filing a claim in TN on your home policy. Storms and bad weather can cause a lot of destruction quickly and you will need repairs. This is a good time to assess the damages from the storm, winds or bad weather. Next, hop on the phone to discuss the problems with your agent at Keltner Insurance. Damages can be caused to homes from wind, ice, snow, hail, debris, down trees or other issues related to weather.
Water Damage to Homes
Flooding can do major damage to homes. Other types of water damage can also occur, however. This includes burst pipes, leaks and heavy rains that damage roofs and other parts of the home. Water damage accounts for many of the claims homeowners insurance policies cover. If you want to know more about what kind of coverage options are available speak with an agent.
Fire is one of the most damaging elements on this list. Fire can destroy entire homes and ruin personal property. This remains a top reason for filing claims on the home insurance policy in Tennessee. Smoke is also harmful and can destroy peoples’ belongings. Find out more about policies for house insurance and how fire damage is covered by calling an agent.
Be it as it may, not all damage that happens to your homestead needs the attention of the insurance company. Actually, it is far more economical to avoid filing an insurance claim for petty damages to your home. Needless to say, every claim you make can potentially increase your premiums. Hence, you should be more careful when you are planning to file a claim. There are quite a number of companies for house insurance such as Keltner Insurance in Memphis, TN.
When should you file an insurance claim?
- If it is something precious to you
Insurance covers are mostly for what we cannot afford to lose such as the valuables that you cannot easily replace. These could include excessive damage to your house or theft.
- Cost effective replacement
It is expedient to assess the cost of replacing the damage. If the total cost is supposedly less than the deductible amount, you should desist from making an insurance claim.
- If you can afford it, don’t file a claim
Certainly, the insurance company will pay you less. If you realize that you can comfortably afford the repair yourself, do not make the claim.
Filing several claims within a short period of time will increase your premiums tremendously. You don’t want to be in the high-risk category of your insurance company.
What you need to know before filing a home insurance claim
Do not file a claim for anything if you do not have coverage for these claims. You should ensure that whatever claim you are filing should be covered by your home insurance company.
- There is a potential increase in premiums
Filing a claim can potentially increase your premiums tremendously. If you are not prepared to handle an additional increase in premiums then you can reconsider your stand on filing a claim.
For more information about house insurance, contact Keltner Insurance in Memphis, TN or read more about house insurance from their blog.
For most people, purchasing a home will be one of the largest investments that they make in their lifetime. This is true both emotionally and financially. Therefore, you want to be knowledgeable when it comes to choosing the ideal home insurance for your needs in Memphis, TN. Here are a few tips that should help you out significantly.
1. Look Around for Coverage
If you have a mortgage on your home, the lender will likely require that you get homeowners insurance. Don’t rely on your lender to choose the homeowners insurance for you. Rather, you should get quotes from a number of different home insurance companies and compare their limits, coverage, and deductibles.
Keep in mind that the insurance company offering the lowest price is not always the best choice. Choose a company that offers 24/7 support and excellent customer insurance.
2. Look Up Company Ratings
You should look up and compare ratings for the insurance companies you’re looking at. A.M. Best is an excellent source for ratings for insurance companies. Ratings will depend on industry standards for home insurance. Insurers who have good ratings are more likely to be a good choice.
3. Keep Location in Mind
You should also keep the location of your home in mind when it comes to buying a home. The location of your property could impact the cost of your home insurance. For example, if there is a fire station just five minutes away, you can expect to pay less for home insurance. On the other hand, if your home is located in an area prone to natural disasters, you can expect to pay more.
For more information about how to choose home insurance, don’t hesitate to contact us here at Keltner Insurance. Our professionals here at Keltner Insurance will be able to provide quotes to individuals in Memphis, TN and the surrounding area.
Buying a home can be a fun, exciting, and scary experience whether you are buying a home in Memphis, TN or somewhere across the states there are many tips that would be good to know. Keltner Insurance has come up with mistakes to avoid for first time home buyers.
One tip is not coming up with a budget and knowing what you can and cannot afford. The bank might say what you are approved of, but that can be different from what you can actually afford. Make a list of monthly expenses to be sure how much you can actually afford. Don’t look at homes that are outside your price range or you will end up lusting over something you cannot afford.
The next mistake would be skipping the mortgage qualification process. Always get pre-approved for a loan before placing an offer on a home because it if you have poor credit or unstable income it can deny you. Also failing to consider the additional expenses can really put a burden on the new homeowners. There are additional expenses on top of the monthly payments such as property taxes, insurance, and repairs. Even find out if there is a homeowner’s association fee. Next, being too picky is a big mistake. Everyone has a new home wish list, but don’t be so inflexible that you just continue to rent because nothing is perfect. There might be things you have to compromise on to find a good home.
Don’t get caught without the level of homeowner’s insurance coverage you need. Instead, easily compare quotes online though Keltner Insurance serving Memphis, TN.
One of the most important things for home owners in Memphis, TN to know is that their home is protected in the event of anything bad happening.Whether your home is destroyed by a storm, fire, or robbed int he middle of the night, the agents at Keltner Insurance know how to find a policy that will protect you. If you’re looking for a new home owner’s policy, make sure you consider these questions before you commit.
- Do I have enough coverage? Remember that after a major disaster, the costs to rebuild and replace your possessions will increase. In subdivisions, rebuilding often costs more than the house originally cost to build, thanks largely to the expense of hiring separate contractors for every job. Make sure you have enough coverage to get back on your feet.
- What other expenses are covered? Besides the cost of rebuilding, does your policy cover the costs of temporary housing? What about the cost to remove debris? Make sure your policy will cover all of your recovery expenses.
- Do you need replacement cost insurance? Some policies will only give you he market value of the items you need to replace. Finding used replacement items, however, can be hard to do after a disaster. If you don’t have enough money in savings to make up the difference and buy new clothes, appliances, and more, then consider buying replacement coverage. This rider will provide funds to replace everything inside the home that was lost.
If you’re thinking about buying a new home insurance policy, or if you just want to see if you can save money on your existing policy, call the agents at Keltner Insurance. They have years of experience helping Memphis, TN residents find the policies that are right for them and their budget
If you live in Memphis, TN, you probably do not have to deal with the harsh temperature changes that many of your neighbors up north experience every year. However, there are seasonal changes that could potentially affect your home and home insurance, and it would certainly behoove you to be aware of them. As such, it would be very helpful to go through your home insurance policy this time of year, as it will remind you of things you should pay attention to in order to avoid uninsured damages.
You will want to make sure that you get rid of any dead vegetation on your property. It could increase the risk of fires if the weather is dry, and it could clog up the gutters and cause water backup issues in your drainage systems if the weather is rainy. Also, insects and animals are going to be seeking refuge from the cold in indoor spaces, which could include your home. You should keep this in mind and do what you can to keep the pests out of your home. You should also make sure that you are prepared for the winter and that the heating systems are efficient; if they are not, you could end up wasting a great deal of money. You should also make sure that the home is well insulated and that the windows and doors are sealed well, so that heat does not escape. Make sure that your pipes are in good working order as well, so that the damage itself doesn’t cause you money, and you do not lose heat that way.
If you want to know about what the autumns of Memphis, TN mean to you in terms of home insurance, you should feel free to contact the professionals at Keltner Insurance for all of the information you need. The agents at Keltner Insurance will be willing to answer any questions you may have and give you all of the help you need.
No one likes to pack before a move and no one likes to unpack it either. However, the packing part may be more difficult to some people. If you are about to move and need to start packing up your home, there are some easy ways to make the entire process easier for you. It will also help to make the unpacking process a lot easier as well. Before you move into your new home, read these tips on packing and contact us at Keltner Insurance for all of your homeowners insurance needs.
- Make a first night box. Once you have moved into the new home, you do not want to spend all night looking for your toothbrush in all of the boxes. Instead, while packing, make sure you make a box filled with things you will need the first night. This will include things like toiletries, towels, basic clothes, pillows, and blankets to sleep on. After moving, you will need all of these things and probably will not want to unpack the house to find them.
- Label your boxes and take inventory. If you keep track of the boxes, what they have in them, and label them, it will be a lot easier to find what you need and unpack things in an organized fashion. Make sure you take the time to label the boxes so that the unpacking process does not take long and you do not run the risk of getting frustrated. Color coding boxes is also a good idea. You can use color coded stickers to label boxes that should go into specific rooms. That way you will have all of the boxes in the rooms they belong in on the day you move. This makes everything a bit easier when unpacking.