Motorcycle insurance: more than just a helmet

Many motorcyclists are real motorcycle enthusiasts. They will often talk passionately about their experiences and what they don’t like; helmets. While the fact that most riders can never ride without one, it really doesn’t mean they like them. They put them on because it gives them a form of protection. 

Motorcycle insurance

If you’re passionate about motorcycles, then you probably have already figured out that a motorcycle insurance policy provides more protection than your helmet. At Elliott & Associates Insurance, we always call it a ‘more than just a helmet’ type of insurance, and in Opelika, AL, it is not just about staying safe but also a law.

Accidents happen every day, which we cannot control, and the least we can do is encourage motorcyclists always to put on a helmet and get motorcycle insurance. That way, we can be confident that you are ready to hit the Opelika AL roads doing what you enjoy most. 

The coverages

A helmet covers your head and prevents major head injuries in case of an accident. A motorcycle insurance policy on the hand protects you from a wide range of financial challenges. Here are some universal basic coverages: 

  • Bodily injury liability 
  • property damage
  • Underinsured/uninsured motorist
  • Collision
  • comprehensive
  • Medical payment 
  • Accessory coverage

The Alabama Mandatory Liability Insurance Law has outlined the amount of insurance a motorcyclist is expected to carry on the roads for one to be riding safely and legally. At  Elliott & Associates Insurance, we help you choose the most suitable policies that best fits you and make sure that you have at least the minimum insurance that is required by the Alabama law.

Call or visit us in Opelika, AL today for inquiries, quotes, policy discussion or for more information on motorcycle insurance.

The Top 3 Benefits of Short Term Rentals

Short-term rentals in Opelika, AL are becoming extremely popular among investors. Throughout the years, these rentals have spurred positive economic growth by increasing tourism activity. This is of particular advantage in cities that don’t enjoy high levels of tourism. Elliott & Associates Insurance specializes in short-term rental insurance. Let’s take a closer look at the advantages of short-term rentals.

What Are Short-Term Rentals?

Short-term rentals are most often described as vacation homes. Tenants can rent them anywhere from one night to three to four months. Some even choose to rent them for longer, but the longest rental is usually around six months. Think to vacation in Florida for the summer. A family rents the vacation home at the end of the school year in May through the summer up until August. One of the most common types of short-term rentals increasing in popularity these days is known as Airbnb.

Increased Flexibility

For owners of short-term rentals, you can the flexibility to rent as you please. If you want to use the home for six months out of the year, you can while renting it out the other six months. Short-term rentals maximize flexibility, making it easy to rent according to a schedule that fits your lifestyle.

Increases Earning Potential

Short-term rentals are extremely lucrative when compared to long-term rental properties. You set the rental rate based on demand, which will be incredibly high during certain parts of the year. Ideally, you want your rental in a location where people like to vacation.

Less Wear and Tear

People taking advantage of short-term rentals usually stay only a few days at a time, and during those days, they are typically out and about exploring the nearby areas. This means they don’t put much wear and tear on the rental unit. This makes it easier to keep the property in optimal condition.

If you would like to learn more about the benefits of short-term rentals, please contact Elliott & Associates Insurance serving the Opelika, AL area.

 

What Are The Benefits of Lake Life Insurance?

The agents at Elliott & Associates insurance serve residents who live near Opelika, AL and enjoy what many people refer to as the "lake life". They provide a variety of insurance policies including ones that are available for individuals who live in or on the water. Houseboats, recreational vehicles, jet skis, and boats are all common items when you live near water. When you live that close to any body of water, you need to have insurance that will protect you from losses associated with that lifestyle.

Liability Insurance

If you live on a boat or spend a lot of your free time onboard a boat, you will need to have your watercraft properly insured. This includes having liability coverage to protect you against someone being injured if they are out on the water with you. Accidents do happen and can be rather costly if you don’t have the proper coverage in place at all times.

Safety First!

If you live on the shore of a lake or river, you should always take precautions to keep your friends and family as safe as possible. This means having plenty of life jackets and personal floatation devices on hand for when everyone jumps in the water for a swim. Encourage your children and guests who visit you regularly to take swimming lessons so they know how to maneuver while they are in the water. 

Residents who live in Opelika, AL and spend their lives on or near the water enjoying lake life can call the agents of Elliott & Associates Insurance if they need answers about insurance. Lake life insurance refers to the insurance needs of those who live near the water. Always make sure you have the coverage you need! Call and schedule an appointment today!

 

Does Flood Insurance Cover the Cost of a Hotel Room During Clean Up?

Floods are acts of nature that we cannot predict and often cannot avoid. That being said, if you live in an area where the flood is common, having a supplementary flood policy is often the best way to make sure you are protected from floods or any other issue that may pop up. For those that live in the Opelika, AL area, the agents with Elliot & Associates Insurance can help you to find the right flood policy for you.

Being Away from Your Home

Aside from things like replacement and repair of your home and belongings, your flood policy also covers a range of other things. These policies help with the cost of cleanup, the cost of replacing items, and even the cost of repairs to the home after a flood. Some policies are going to cover a portion or the entire cost of a place to stay when they are working to repair and clean up their home. Most policies are going to have some sort of coverage built in to help cover the cost of the hotel room that you need to stay in while the home is being cleaned up. If you are looking for a policy that has this type of coverage, you may want to take the time to talk with an agent about what kind of coverage you have and if there are any built-in coverages for hotel costs.

In areas where flooding is common, a flood policy is a must to make sure that your home is protected and that you are not going to have to pay for the full rebuild if your home is damaged by the flood. For those that live in the Opelika, AL  area, the agents with Elliot & Associates Insurance can help you to find the right coverage for you.  

How Many Beneficiaries Do You Select When Purchasing Life Insurance?

At some point in their lives, most people, especially those with vast resources or families, will purchase life insurance. When purchasing life insurance, you must name a beneficiary or someone who will receive the benefits of the claim in the event of your covered passing. You may be wondering, however, how many beneficiaries can you name during the policy purchase process?

Choosing A Beneficiary

When Purchasing your life insurance policy, you will be required to name someone as your beneficiary. You may also be asked to provide a backup beneficiary in the event the primary beneficiary passes away unexpectedly or is unable to collect the claim for various reasons. Be sure you have the people who you will name in mind before making your policy purchase. You should seek assistance from a caring, professional life insurance agent with the proper credential and licenses. They will help you navigate the process carefully to avoid any mistakes or issues that could impact the claim in the future. 

Work With Experts

When you purchase life insurance, you want to make sure that you are working with industry experts who are knowledgeable about all aspects of life insurance and the claims process. If you live around the Opelika, AL area, you should consult Elliott & Associates Insurance for the support and guidance you need during the purchasing process and with any future claims your beneficiary may need to file. They will discover options that work for you and present you with a policy that gives complete peace of mind.

If you are considering purchasing life insurance to protect your loved ones or estate, you should check out Elliott & Associates Insurance serving Opelika, AL for assistance. Call or stop by the office for more information.

Do All States Require Commercial Insurance?

Insurance is something that all business owners should have on their businesses. That being said, it may be difficult to figure out what type of insurance your state requires you hold. For those that live in the Auburn or Opelika, AL area, the agents with Elliott & Associates Insurance can help you determine what type of insurance you need.

Commercial insurance can protect your company from a great deal of hassle. In some instances, you will be required to have this sort of insurance coverage. The requirement for this type of coverage is dependent not on where you live, but rather on the particular lender that you used to get the money to open your business. In some cases, you are going to be required by your lender to hold a policy to help cover their interests. This means that your lender is likely to require that if you have a loan, you have to have an insurance policy in the same amount as the loan or more so that if the business is destroyed, you are still able to repay your loan.

Even if you are not required to hold a commercial policy, it is always a good idea to have some sort of insurance in place to help recover should your business be destroyed. This type of insurance is going to help protect you in a great range of instances and is going to help make sure that your business is protected as well. Going without an insurance policy may save you money each month but in the event of a tragedy, it is going to cost you far more. For those that live in the Auburn or Opelika, AL area, the agents with Elliott & Associates Insurance can help you to find the policy that is right for you.  

Does Home Insurance Cover Guests?

Home insurance is an essential part of anyone’s home owning experience. With the right policy, you can be fully covered from just about any event that may befall your home. That being said, home policies cover more than you might imagine they would include. For those that live in the Opelika, AL area, the agents with Elliott & Associates Insurance can help you determine what policy works best for you.

What to Consider with Home Insurance

A great thing to consider is what your home policy covers. For the most part, it simply makes sure that your home is safe, it also, however, helps to cover the people in the home as well. This means that to a certain extent, guests are included in your home insurance policy. They are covered in that if they are invited into your home, and should someone become injured on the property, they can file a claim against your insurance to help pay for the cost of their medical bills.

There are special circumstances, however, that must be met to be able to use this type of policy. You must have some sort of coverage on your policy, and you must be able to prove that the injury occurred on the insured property and not because of some sort of negligence. It may also cover the belongings of a guest should something happen to your home while you have people there. You should take the time to make sure that your policy covers guests if you have them often.

For those in the Opelika, AL area, the agents with Elliott & Associates Insurance can help you to find the perfect policy with just the right amount of coverage and the correct contingency to make sure that your policy is going to cover any guest you may have. Contact our offices to learn more and get a quote.

Important considerations before purchasing a classic car policy

If you are considering purchasing or have recently purchased a classic car in the Auburn or Opelika, AL area, it is vital that you purchase an insurance policy that covers the unique ownership aspects of a classic car. A specialist at Elliott & Associates Insurance would be happy to meet to discuss your classic car insurance needs.

The first consideration is the amount of coverage you will need. Unlike a traditional car policy that covers the actual value minus depreciation, a classic car typically increases in value over time. Under a classic car policy, you will work with your insurance specialist to come up with a mutually agreed upon value to insure.

Classic car coverage has many of the same coverages as a traditional policy such as liability, collision, and medical payments. However, there are some additional coverage options you need to consider. For example, under roadside assistance coverage, the policy should include flatbed towing to limit the damage in the event it needs to be towed.

Another important consideration while shopping for a classic car insurance policy is to make sure the types of activities you plan to engage in with the car are covered. Many insurers will not cover the car if you plan to use it as a primary vehicle such as using it to get to work. Insurers often restrict the number of miles one can put on the car each year. If you plan on attending an auto show that will exceed the limit, you will need to speak with your insurance specialists for additional coverage.

No matter if you are new or old to classic car ownership, it is vital to make sure your investment is protected. If you live in the Opelika, AL area,  please reach out to an insurance expert at Elliott & Associates Insurance today!

Winter Tips for RV Maintenance and Care

Owning an RV will make for a great way to vacation. Instead of having to invest a ton of money into a hotel, you and family can enjoy riding around in style and having a comfortable place to lay your head no matter where you are. With winter right around the corner, it’s imperative that you understand how to take care of your RV. Elliott & Associates Insurance serving Opelika, AL has put together a short list of tips you can follow to ensure you take care of your RV this winter. 

Check the Water System

If you have yet to drain the water system on the RV, you need to do so as soon as possible. The weather is never predictable and you don’t want the water in the RV freezing. If there is any water left at all in the RV’s plumbing, it could freeze and bust lines and fittings during the winter. 

Store in a Safe Location

If you don’t have a garage at home to store the RV for the winter, you’ll need to invest in a storage unit that’s big enough to park it in. Ideally, you’ll want to keep it out of the harsh winter elements, including snow, rain, and wind.

Disconnect the Batteries

After storing the RV, make sure to disconnect the batteries and keep them in a cool and dry place for the winter. Don’t put them in a place where the temperature is going to get below freezing but a cool place is excellent because it helps preserve the life of the battery.

Want to learn more about taking care of your RV this winter? Contact Elliott & Associates Insurance serving the Opelika, AL area.

What Does Renters Insurance Cover?

If you rent an apartment or house, your landlord’s homeowner’s insurance does not cover your belonging in the case of theft, fire, or any other event. If you need to protect your belongings, consider a renter’s insurance policy. You can contact your Elliot & Associates Insurance agent in Opelika, AL for help in determining what policy options are available to you. In the meantime, here’s some basic information to get you started.

What is Renter’s Insurance?

Renters insurance covers your property when you rent a house or apartment. It works like a homeowner’s policy except that it covers you as a tenant and is not a part of your landlord’s insurance policy. Instead, if you need coverage for your belongings, you have to take out a separate policy.

What Does Renters Insurance Cover?

If the actual building or home is damaged, your landlord’s insurance covers it. Your renter’s insurance pays for lost or damaged property you own located in the rental unit.

Does Renters Insurance Cover Water Damage?

Renters insurance doesn’t pay for flood damage. However, a burst pipe that ruins your furniture or other belongings would be covered up to the policy’s limits. Renters insurance is a good idea if you have valuable artwork or rare items that would be expensive to replace.

What is Apartment Renters Insurance?

Renters insurance gives you the peace of mind that your belongings will be replaced in the event of unexpected damage or injury. Renters insurance pays to restore or replace clothes, furniture, electronics and other items that are damaged or stolen.

Contact Us

Contact Elliot & Associates Insurance in Opelika, AL today for more information or to set up an appointment for a free consultation and quote.