Motorcycle Insurance FAQs

Have you purchased a motorcycle recently? If so, you are probably ready to take it out on the road. But, not so fast. You need to get insurance for your bike first to ensure you and your motorcycle are covered in the event of an accident. Keltner Insurance, serving Memphis, TN, wants to share a few questions and their answers regarding motorcycle insurance.

Is the Minimum Coverage Good Enough?

The minimum coverage that is required for motorcyclists will vary from one state to the next. Most people opt to carry only the minimum coverage, but you may want to consider increasing that coverage–similar to with your auto insurance. By upping your limits, you can rest easy knowing that your investment and other assets are protected in the event you are found at-fault for an accident.

Should I Carry Any Additional Coverage?

There are many different types of coverage that can be purchased based on your individual driving situation and finances. For instance, collision insurance will cover the costs to repair/replace your motorcycle following a collision, regardless of who is deemed at fault. Comprehensive insurance will cover the costs for repair/replace following an event like vandalism, theft, or weather. Medical payment insurance will take care of medical expenses after an accident. Uninsured/underinsured kicks in if an at-fault driver doesn’t have sufficient insurance to cover the associated losses.

Does Motorcycle Insurance Cover My Passenger?

Cover for your passenger will depend on your individual policy. As a general rule, standard liability coverage will not extend coverage to your passengers, but a number of collision and comprehensive plans will. It is best to speak to an insurance agent to confirm your coverage before purchasing a policy.

When you are in need of motorcycle insurance coverage in Memphis, TN, contact the professionals at Keltner Insurance.

Do You Require Boat Insurance for a Classic Boat?

Not all boats are the same. In fact, there are many types of boats including classic boats. Insuring your classic watercraft requires different coverage than a regular boat. Your classic boat may be very valuable and you will want to make sure it is protected in the event of an accident. Here are some common classic boats people get insurance for:

  • Cruisers
  • Classic wood boat designs
  • Mono-hulled sailboats
  • Kit-built
  • Runabouts
  • Wooden canoes
  • Launches
  • Skiffs

The skilled agents at Keltner Insurance of Memphis, TN have helped many classic boat owners get quality coverage for boats of all sizes and styles. We understand the importance and peace of mind of having adequate insurance for your assets.

Do I Need This Kind of Insurance?

The kind of insurance you get depends on your needs and the level of protection you want. While boat insurance is not typically required, it is important to check with state laws regarding this. A minimum amount of liability is what most boat owners have. Insuring your classic boat will keep you and others safe while you are out on the water. The types of insurance available for classic boats include:

  • Liability coverage
  • On-water towing
  • Medical payments
  • Fishing equipment
  • Total loss replacement
  • Personal effects
  • Uninsured boater

There are unique insurance add-ons available for classic boats to fine-tune your policy. These types of add ons include:

  • Single Liability Charge
  • Agreed Value Coverage
  • Flexible Usage
  • Repair Shop of Choice
  • In-House Claims

Expert Insurance Agents in Memphis, TN

Give us a call or use our online form to contact us at Keltner Insurance of Memphis, TN. One of our agents will be happy to discuss your classic boat insurance options to keep your valuable investment protected.

Is Motorcycle Insurance Required in Tennessee?

Do I Need Motorcycle Insurance in Tennessee?

Tennessee can be a great place to cruise on your motorcycle with scenic destinations like the Great Smoky Mountains at your doorstep. It is important to make sure you are practicing motorcycle safety including wearing helmets and other protocols, as well as carrying quality motorcycle insurance. Tennessee is an "at fault" state and riders are required by law to carry a minimal amount of insurance. However, a minimal amount of liability will not protect you from more serious accidents. If you are at fault during an accident and you do not have insurance, you will be liable for damages and need to pay out of pocket. This can be financially devastating. Having the right type and amount of coverage before you hit the road on your bike is crucial for your and others’ safety.

The team at Keltner Insurance of Memphis, TN has years of collected experience helping motorcyclists in Tennessee with affordable and effective insurance.

Types of Coverage

There are several types of motorcycle insurance that include:

  • Liability – This type of insurance covers expenses when you are liable for damages.
  • Collision – Covers your motorcycle under almost any collision circumstances.
  • Comprehensive – Certain events like fire or theft fall under this type of insurance.
  • Emergency Roadside Assistance – This add on to your policy will give you practical assistance if you break down on the road. It can help with fixing flats, towing, and other services.

Expert Motorcycle Insurance in Tennessee

Give us a call or use our online portal to reach out to us at Keltner Insurance of Memphis, TN to discuss your motorcycle insurance options. We work hard with top insurance companies to find high-quality policies that work for you.

What type of life insurance is right for me?

Those that are in the Memphis, TN area are always going to have different insurance needs. A form of coverage that can prove to be a very helpful form of protection is life insurance. This type of coverage will offer financial protection for those that you care about. Choosing the right type of coverage is important and term and whole life continue to be popular options. You should consider the features of each when building your next plan.

Term Life Coverage

One type of life insurance to consider getting is term life protection. This type of coverage is helpful as it will give you insurance protection for a specific period of time and you are able to build a plan that meets your needs in terms of coverage length and dollar amount of protection. Another advantage of this coverage is that it can have more affordable premiums than other types of insurance.

Whole Life Coverage

You can also consider getting whole life insurance coverage. With a whole life plan, you can get coverage that will last for the rest of your life. While the premium payments can be higher, there are also investment benefits that come with this coverage. With each payment you make, some money will build up in an account and will grow with interest. Eventually, you can take money out of this account. 

Picking a life insurance plan in the Memphis, TN area is a big decision. As you are assessing your insurance needs and options in this part of the state, you should call the team with Keltner Insurance. The professionals with Keltner Insurance can offer you great coverage and support to ensure you choose the right life insurance plan that will appropriately meet all of your needs. 

4 Signs You Need Commercial Insurance

If you own a small business, your life is probably hectic. You’re juggling everything from the day-to-day operations to marketing and sales. But have you considered that there are some things you might be forgetting about? One of those could be commercial insurance. This article will cover four signs that its time for this coverage to become part of your business plan.

1. Your Business Has a Large Amount of Inventory

If you’ve got a lot of inventory, that’s an obvious sign your business needs commercial insurance. If your stock gets ruined or stolen due to a fire, a flood, or even vandalism, you can find yourself in serious financial straits. Without the right kind of coverage in place, those losses might mean the end of your business.

2. Your Business Deals in High-End or Costly Products

If your company deals in high-end products – whether those are handmade items, fine jewelry, or expensive electronics – you need to have commercial coverage. No matter how much security you implement, there’s always a chance of a break-in at your place of business. That means the loss of your inventory and the business itself if you can’t cover those expenses.

3. You Use Products or Equipment That Can Cause Injury

Employees are the lifeblood of any business, but they also expose that company to a lot of liability. From slips and falls to faulty products, there are plenty of ways an accident can happen on the job. At small companies that don’t have many assets, these accidents can bring down your business permanently.

4. Your Customers Are at Risk of Injury From Your Product or Service

Whether they are visitors to your store or customers you service in their homes, your clients and customers can get injured because of something you did or didn’t do. When that happens, you can end up with lawsuits or even criminal charges against your business. That’s why commercial insurance is a must.

The Right Insurance for Your Business in Memphis, TN

Commercial insurance is something most entrepreneurs overlook. This can be a costly mistake that results in the loss of your business, so remember to protect yourself and your company with a policy from Keltner Insurance.

Reasons to review your home insurance

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. 

Understanding Tennessee Auto Insurance

If you own a car in Memphis, TN it’s significant to get proper car insurance from Keltner Insurance to protect you and your car. Buying an automobile liability insurance policy from a reputable insurance company is a prerequisite for your car’s registration and obtaining license plates in Tennessee. Visit us today at Keltner Insurance serving Memphis TN and we can show you various coverage options so that you can select one that is right for your needs, goals, and budget.

Auto insurance is mandatory in Tennessee

 Tennessee law requires car owners to carry minimum liability coverages in their auto insurance policy. Your auto policy must meet the following Tennessee liability coverage minimums:

  • Bodily injury liability
  • Property damage liability
  • Uninsured or underinsured bodily injury

Several auto insurance coverage options

The state-mandated auto insurance minimums may not be sufficient to offer solidified protection to you and your automobile. It’s therefore vital to consider other available optional coverages. They include:

Collision coverage: It caters to repairing or replacing your car when physical damage results from a collision with another vehicle, post, tree, boulder, or another stationary object.

Comprehensive coverage: This is a non-collision coverage repair or replaces your car when physical damage arises from imminent incidences such as falling objects, fire, theft, vandalism, and hailstorm subject to your deductible.

Underinsured or uninsured motorist coverage: It helps you pay for your medical bills or repair your vehicle; if you are involved in an accident with another inadequately covered or uninsured party.

Medical payments coverage: This policy caters to reasonable and necessary medical costs, such as X-rays and medication, regardless of who is at fault after engagement in an accident.

Auto insurance in Memphis, TN

Are you a car owner in Memphis, TN seeking an outstanding auto insurance policy that meets your needs and budget? Please call or visit our Keltner Insurance for comprehensive information about auto insurance coverage.

Is Full Coverage on a Motorcycle Worth It?

The thrill of the ride—we know how amazing it feels to be on a motorcycle. At Keltner Insurance Inc., serving Memphis, TN, we want to keep you riding into the sunset with a motorcycle insurance policy that is the right fit for you. We also want to explain the advantages of considering a full-coverage plan for your ride.

What is included in a full-coverage motorcycle insurance policy?

The biggest advantage of full-coverage insurance is that it includes comprehensive and collision coverage, along with all state-required insurance coverages. This can include bodily injury liability, personal injury protection, property damage liability, uninsured or underinsured motorist coverage. Collision coverage pays to repair any damages your bike receives from an accident with another vehicle or object. Comprehensive insurance covers theft, “acts of god” incidents and damages the motorcycle sustains, even while in storage.

You should consider a full-coverage motorcycle policy if your ride is a classic, custom, or worth more than $5,000. The potential loss of a higher valued bike of this nature is mitigated with the increased protection under a full-coverage plan. If your bike is your main mode of transportation, you should look into finding a motorcycle insurance policy that has full coverage. The collision and comprehensive coverage can be extremely helpful in the event of an accident or theft.

We know that riding a motorcycle can be one of the greatest and most powerful feelings in the world, and we want to keep you safe on the road. At Keltner Insurance Inc., serving Memphis, TN, we are happy to answer any questions you have regarding motorcycle insurance and to help guide you to finding a policy that suits you and your bike.

Do renters in Memphis need to have insurance?

Anyone that lives in the Memphis, TN area will have different housing options to consider. A good option for a lot of people in this area is to rent their home instead of buying. A renter will not have the same commitment and responsibilities as a property owner and will enjoy the flexibility to move at the end of a lease term. While there are benefits to leasing your property, you do still have various responsibilities. One responsibility to take seriously is your need to get proper insurance. Tenants in this area will need to have renters insurance for a few reasons.

Coverage is Mandated in Lease

A reason that a tenant here will need to have insurance is that it is a lease requirement. If you are going to lease a property in this state, there is a good chance that the landlord will have lease provisions that require you to have insurance. Many landlords will expect that you provide evidence of full coverage for the upcoming lease term before the lease even begins.

Coverage Offers Protection to Renters

Getting renters insurance is also a good idea because it offers great protection. When renting a property, you will enjoy the coverage for your personal assets as well as your liability protection received. Both of these forms of coverage can prove to be helpful during difficult situations.

A renter in the Memphis, TN area should call Keltner Insurance to discuss their insurance needs. When you are looking for this insurance there are a lot of factors to consider and decisions to be made. The team with Keltner Insurance can help you assess your options and build a plan that will give coverage that is ideal for your current situation and provide valuable protection. 

Is RV Insurance Mandatory In Tennessee?

Owning a recreational vehicle (RV) is a lot of fun. It provides you with a unique way to cruise across the country while you enjoy home-like comfort. However, RV ownership comes with a large investment that is as expensive as purchasing a house. With this in mind, your RV should be well-protected with insurance like any other investment. And that’s not all. 

RVs are large vehicles that can cause significant damage and injuries if involved in an accident. Imagine the accident-related costs you can be saddled with if you haven’t purchased RV insurance? Massive, right? Fortunately, if you are a resident of Memphis, TN, and the surrounding areas, Keltner insurance is there to solve your RV insurance headache.

RV insurance in Tennessee

Most of the states require that you have RV insurance, just like auto insurance. In Tennessee, RV insurance is mandatory, especially if it’s driven on the road. To note is that there are numerous RV insurance options to ensure optimal protection. However, most states like Tennessee require you have at least liability insurance coverage.

Below are some standard insurance coverages for RVs:

  • Bodily injury liability: If your RV is involved in an accident and there is an injured person, this insurance will cover the hospital bill as well as the loss of income.
  • Collision: If your RV gets hit by another vehicle, hits another car or object, or rolls over, this insurance coverage will pay for the damage.
  • Comprehensive: This form of RV insurance coverage pays for any loss not caused by a collision. For example, vandalism, fire, hail, theft, and falling objects.
  • Uninsured and underinsured motorist: The coverage covers you if you are involved in an accident caused by a driver with no insurance or insurance that cannot cover the damage caused entirely.

Other RV insurance coverages you can consider are:

  • Roadside assistance
  • Towing and labor
  • Vacation liability

Folks, there you have it. Whether you own an RV or planning to buy one, insurance coverage is mandatory. Fortunately for Memphis, TN residents, Keltner insurance has the right insurance coverage for your RV that will protect you as you cruise around the country. Call us today for a quote and more information.