Figuring Out How Much Home Insurance You Need

One of the main misconceptions of home insurance in Seantobia, MS is how much you need. You don’t need coverage for the home’s market value. Instead, you should have enough to be able to put the same house on the land if there is a total loss. Being underinsured can mean you lose your home and one of your most significant investments in the event of a disaster. 

For your dwelling coverage, you should make sure that you have the replacement cost. This is the amount of money it takes to build a replica of your home. To calculate your replacement cost, you should have an idea of local construction costs. You can ask your agent at Storey Insurance to help you look up these costs. Some free online calculators can give you a replacement cost estimate. An expert independent agent can also give you an estimate. Different factors will affect your replacement cost in Seantobia, MS. If you have done any remodeling or have added structures or additional rooms, you need to keep this in mind. Also, pay attention to new building codes that were implemented after your home was initially built since this can also increase construction costs. 

In order to determine how much personal property coverage you need, do a home inventory. If you have more expensive items, you want to make sure that your insurance will cover these items. It can be easy to underestimate what you own, so it’s important to start making a list.

Many policies will come with a minimum of $100,000 in liability coverage. You should have more if you can afford it since liability covers a lot of different accidents. Having certain breeds of dogs can also increase your liability risk.

Contact Storey Insurance to get a quote on home insurance. 

Finding The Auto Insurance That Fits Your Budget and Needs

Have you ever been driving on the road during a regular commute, and out of nowhere, an accident happens? Driving on the road requires the utmost attention and attention from everyone. There are some uncontrollable situations and accidents that can occur at any moment while on the road. This is why having auto insurance that covers you in the worst-case scenario is vital to invest in. 

Storey Insurance is an independent agency that has served the Seantobia, MS area since 2017. Our owner Richard Storey believes in helping customers with the best auto insurance possible that fits within their budget. We strive for customer satisfaction and safety at all times. We are available 24 hours a day, seven days a week, so that our customers know that they will not be alone in the case of an emergency. Having a local team that is always there to help you, and prepared to assist you is one thought that you do not have to stress about. 

Over the years, we have been able to provide individuals with auto insurance coverage with no hidden details. Being legal and protected with the proper auto insurance will save you from unnecessary stress. Choosing the policy that will be beneficial for you can be based upon your car’s make/model and your driving history. Unfortunately, there are some drivers on the road that does not have auto insurance while driving behind the wheel of a car, which means just a little bit more cushion never hurts (but is not required). 

Are you ready to discuss your thoughts/plans with one of our agents in Seantobia, MS? Please feel free to contact us via phone during our business hours at (662) 560-7021. You can also e-mail an agent, and we will respond to your inquiry in a timely fashion. 

When expanding my business do I need to increase commercial insurance?

Growing and expanding a business are critical goals for most entrepreneurs and business owners in Seantobia, MS. Regardless of the business type and size, it is always an exciting proposition. However, it also means increased business risk exposure and insurance needs.

That answers our question of whether you need to increase your commercial insurance every time you expand your business. Storey Insurance is here to help you throughout the process.

Workers compensation may increase

It is almost apparent that your worker’s compensation premiums may go up. This is highly dependable on the number of new employees that will be hired to help with the extra workload. Workers’ compensation insurance rates are typically based on the wages and salaries of the employees.

Increased work-related risks

Workers’ compensation reimburses employees for the income lost due to work-related injuries. More employees mean more risks on injuries to the employees irrespective of the type of business. This is likely to increase your premiums by your commercial insurance provider.

Changes in the nature of the business

There are high chances that your core business operations may change. For instance, if your business primarily dealt with wholesale products, you may want to buy vehicles for delivery purposes. Your insurance provider will need to increase your insurance to cover for the cars as well as the new drivers.

Expanding outside Mississippi

If you intend to grow your business into a neighboring state, get prepared to buy more than one commercial policy. Depending on the nature of the business, you may not need to buy two separate commercial policies but two worker compensation policies.

Speak with your Storey Insurance agent before taking a step on expanding your business. For policy inquiries and quotes, visit us in Seantobia, MS today!

A Beginner’s Overview on Home Insurance

Buying a home is the first milestone purchase for an individual or couple looking to expand their horizon. Often, choices of this nature are based on the current state of your finances. However, once you begin the process of purchasing a home, there are certain things you need to know before moving forward. Let Storey Insurance in Seantobia, MS help you with your questions.

First, you must understand how important home insurance is to protect your new investment against damage and theft. Most mortgage companies require lendees to have some form of home insurance, and proof must be verified before the home goes through escrow. If not, then the transaction could be canceled or delayed. 

What Home Insurance Provides

A standard home insurance policy will cover all cost-related damage to the interior and exterior of your home. Homeowners will be compensated for all repairs done to the house from damage caused by fire, hail, lightning, and other disasters covered by the policy. However, any damage done by flooding, earthquakes, or poor maintenance isn’t covered by a standard home insurance policy. If you want protection from these types of disasters, then you need to have separate coverage for your home and other assets.

Liability Coverage is Important to Protect Yourself

Liability coverage is an essential item that must be included in a standard home insurance policy. It protects homeowners from being sued by others. Often, the lawsuit centers on gaining financial compensation for injuries sustained inside the home or caused by the homeowner or one of their family members. The compensation includes paying for all of the party’s medical expenses, pain and suffering, or lost wages due to their injuries. Also, a victim could seek some form of compensation if their personal property was damaged or broken during their stay at your home. 

Storey Insurance in Seantobia, MS prides itself on providing the latest information available on home insurance. Come in and speak with a staff member as they can personalize a home insurance policy that meets your needs.