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Different Types of Auto Insurance

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Auto insurance provides financial protection from auto accidents that may result in various bills, from vehicle repairs to hospital bills. If you own a vehicle, then you are required by law to maintain some coverage. Speak to the knowledgeable people at Storey Insurance serving Senatobia, MS about your auto insurance requirements.

Types of Auto Insurance

There are several types of auto insurance options. 

Liability Auto Insurance

Mississippi law requires you to maintain liability coverage on your vehicle.

Bodily Injury Liability Insurance

This insurance provides coverage for any injuries or damages another person may sustain in an auto accident where you or the person listed on your insurance is responsible.

Property Damage Liability Insurance

This insurance provides cover for any damage that you may cause to another person’s vehicle or property as a result of an auto accident for which you are liable.

Medical Payments Insurance

This insurance provides cover for any injuries you or your passengers may suffer due to an auto accident. It does not usually matter who is liable.

Uninsured or Underinsured Motorist Coverage

If an uninsured driver is at fault, then this type of insurance has options to cover damage to yourself, your passengers, and your property. Mississippi has a large number of underinsured drivers, so it is worthwhile considering.

Property Damage Insurance

Collision

This insurance is for repairs to your vehicle or for paying for your vehicle’s actual cash value (ACV) if it is totaled, meaning beyond repair. There is usually a deductible that you will need to pay if there is an accident.

Comprehensive

This type of auto insurance is for when your vehicle sustains accidental damage that isn’t a result of an accident, usually including theft, vandalism, and fire.

Speak to Storey Insurance serving Senatobia, MS today about your auto insurance needs!

Types of commercial insurance for small businesses

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As a small business owner in Senatobia, MS, insurance should come first. There is a whole wide world of commercial insurance out there for you to consider that helps protect your young business from various risks associated with day-to-day business operations. Storey Insurance recommends doing thorough research to ensure you buy only what you need.  Here are several types to consider.

General liability insurance

Every business needs general liability insurance. This policy protects your business claims of property damage or bodily injury liability. It also helps cover slander and libel claims. For instance,  if one of your customers slipped and fell while shopping at your store, the policy can help pay for their medical bills in case they’re injured.

Business interruption insurance

Disasters such as major storms can cause a wide range of problems that directly or indirectly affect small businesses. For instance, lack of internet or electricity due to a storm can cause business interruption, leading to massive loss of income. However, if you have business interruption insurance, your business will run as usual as the policy will take care of most damage.

Property insurance

If your business has a physical location, you will need to buy property insurance to protect the building and the contents. It also goes ahead to pay income lost in the event of a disaster that interrupted your business operations. Covered incidents include fire, theft, and storms, depending on your policy choice and limits.

Workers compensation insurance

Workers compensation is a mandatory policy for all businesses with employees. It doesn’t matter whether you own a small business or a large company. This policy pays for medical bills and lost income when an employee gets injured while at work.  

Need to buy any business insurance policy in Senatobia, MS?  Storey Insurance is here to help take you through the process of purchasing the policy you need based on your needs and budget. Call us today.

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!

The Benefits Of Commercial Liability Insurance

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Storey Insurance serves the Hernando and Seantobia, MS community, as well as the surrounding areas. We serve as an independent agency. We help our clients assess their options so that they can make the best decision for their situation. We offer a wide variety of policies and have successful partnerships with several carriers around the South.

The Benefits Of Commercial Liability Insurance

Commercial insurance assists you as you operate your Hernando or Seantobia, MS business on a day-to-day basis. Owning a business is a significant investment, which is why you need to protect it. Commercial insurance covers you if your property and inventory are damaged or stolen. You are also covered if you have to cease operations due to a fire or natural disaster. One of the most important parts of your commercial insurance policy is liability coverage. Liability coverage can help you protect the future of your business.

If a customer walks into your property and accidentally gets injured, you will be held liable. If the customer decides to pursue litigation, liability coverage can prevent you from losing your assets. Liability coverage also protects you if a customer alleges that using your product caused them pain and suffering.

Having a strong commercial liability policy can give you an advantage over some of your industry competitors. It shows that your business is responsible. You are also showing that you value your customers, which should help you attract residents.

Having a strong commercial liability policy also shows that you are taking your role as a business leader seriously. Operating your business with integrity makes it more attractive to potential customers and investors.

Storey Insurance Will Help You Protect Your Investment

Visit our website today to learn more information about commercial insurance.

How can home insurance protect me?

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Anytime you purchase a home, it is an exhilarating occasion. While owning a property is a major accomplishment and could be a great investment for your future, many important considerations need to be made. One important choice will come when you pick a home insurance plan. Your insurance policy will protect you in many ways, which makes it a great choice.

Protection for Asset

One of the main ways your home insurance plan can protect you is by giving you coverage for your assets. A home insurance plan will give you the needed coverage to repair or even replace your home if it is seriously damaged. This form of insurance will also give coverage that you need for your personal assets if they are stolen or otherwise damaged. 

Liability Coverage

Another reason you should get a home insurance plan is to protect against the risk of liability. A property owner will take on liability risk regularly. If you have a guest over that is hurt, you could be responsible and held liable. If this occurs, you will need to pay for damages. Fortunately, you will be able to mitigate this risk by getting a proper home insurance plan, as it will include a provision for liability insurance. 

If you are interested in getting a new home insurance plan and are in the Seantobia, MS area, you should call Storey Insurance. The Storey Insurance team is dedicated to helping customers pick the right insurance plan that meets their needs. They can help you do this by carefully assessing your situation and discussing the options with you. Contact our office to get a quote and learn more.

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.