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3 things to consider when buying boat insurance

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Owning a boat in Decatur, AL or anywhere in the state is a great recreational activity. It is what most people look for during the hot summer season. Whether you already own or you intend to buy one, boats and other watercraft have almost similar requirements as cars.

Among those requirements is boat insurance. At Will Wright Agency Inc., we recommend purchasing boat insurance as soon as you get your boat to help you stay safe in the water. Here are other factors to consider:

How do you want to use your boat?

Are you purchasing your boat for recreational purposes, business purposes, or both? If you are buying your boat for business purposes, you may want to consider purchasing commercial insurance. However, it doesn’t mean that you won’t need boat insurance. In fact, you have to make sure that your policy is adequate.

Will you need emergency services

This will highly depend on where you are using your watercraft. You will also have to consider whether you take long voyages or simply tow around the lakes. If you tow every day around a small lake, the chances are that you may not need extra fuel or emergency towing.

Was your boat cash value or agreed value

The difference between cash value and the agreed value becomes very critical when you file a claim. If your boat is insured for its cash value, you get paid the value of the boat and any damaged parts at that time of the loss. If its agreed value, you are paid only the amount on your plan without depreciation.

Are you looking to purchase a boat? Or looking for insurance? Will Wright Agency Inc. can help you navigate through your insurance journey. Visit our office in Decatur, AL. today for queries, quotes, or new policy discussion.

 

 

How Do I Know If I Need Flood Insurance?

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Individuals living in Alabama or Tennessee, especially those who live along the Tennessee River, are often concerned about flooding. The agents at Will Wright Agency Inc. in Decatur, AL understand the concerns. When buying homeowners insurance, it’s essential to ask about flood insurance. Knowing whether or not you live in a floodplain will determine if you need to add it to your policy.

Find Out If You Live Near a Floodplain

Even though you may not live close to a river or lake, you may need to consider flood insurance. Floodplains are areas that are prone to flooding after continuous heavy rain or other natural disasters. If you aren’t sure if you live in a floodplain, it’s a good idea to do a little research to find out. 

Know Where the Nearest Waterways or Ponds/Lakes Are Located

If you are concerned about flooding, find out where the nearest waterways are. This can include ponds, lakes, rivers, streams, and reservoirs. Even small waterways can flood under the right circumstances. Knowing where each waterway is and how far it is away from your home will help you calculate your risk of flooding.

Talk to Your Local EMA Director

Your local EMA director will be able to tell you if you live in a floodplain. They have geographic maps to help identify flood-prone areas.

At the Will Wright Agency Inc., our agents serve residents who live in or near Decatur, AL. They are there to answer your questions and make sure you get the type of insurance you need to fully protect your home and family from various types of disasters. Make an appointment today!

When Should I Buy Life Insurance?

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Life insurance is often put aside for seemingly more immediate needs. But this crucial form of insurance is something that everyone should have, no matter what their age happens to be. Will Wright Agency Inc. is here to help the people of Decatur, AL find the coverage they need. It’s one of the more responsible ways to protect yourself and your loved ones. There are several reasons why life insurance can help from debt to planning a future.

Planning Ahead 

Life insurance becomes substantially less affordable as you get older, making it a smart coverage addition to start exploring today. Parents are allowed to purchase a policy for their children as soon as they’re born, giving them a head start when it comes to their financial future. If you buy whole life insurance, you can grow your policy without the interference of taxes. If the policyholder needs to borrow from the life insurance (e.g., for their home or retirement), they can typically work with their carrier to make it happen. 

Finding Help 

Few people in Decatur, AL under 35 have life insurance, even though this is the prime time for a person to begin a policy. But not all young people know that if they have unsecured debt, they may inadvertently place a burden of repayment on those they love. Experts recommend buying a policy that will cover the amount of debt the person owes, so there are fewer chances of a financial crisis in the case of a catastrophe. 

If you want to learn more about how to make life insurance work for you (and your budget), call Will Wright Agency Inc. today. Our friendly staff can tell you more about what your policy will cover and provide quotes for you to compare. 

What to look for when choosing your first auto insurance policy

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Buying your first car is an exciting milestone, but after you choose the vehicle of your dreams, the rest of the process can be intimidating. There is a lot of paperwork to complete, and of course, finding the right insurance policy to meet your needs. When you work with the team at Will Wright Agency Inc. you can count on getting the information and advice that you need to make an informed decision. We are proud to serve the greater Decatur, AL area and look forward to working with you!

Features to look for when choosing your first auto insurance policy

There are a lot of different options available when it comes to choosing an auto insurance policy. The most important decision is the coverage level as that can affect your personal liability in the event of an accident. Makes sure that you also consider the replacement value of your vehicle in the event that it is deemed a total loss. You can also choose other features like roadside assistance, coverage for car rentals when your car is being fixed after a covered event, and insurance for when you rent a car on vacation. Your local agent can review all the available options with you, and together you can determine which are worth your attention. As a new driver, you will want to pay particular attention to the liability and collision coverage levels. Owning your first car is a very exciting event, especially when you know you have the coverage you need!

Is it time to secure an insurance policy for your new car? If you are in the greater Decatur, AL area, call or stop by Will Wright Agency Inc. to learn more about your auto insurance options!

Can I File a Claim for a Cyberattack on My Commercial Insurance Policy?

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Cyberattacks have become more of a concern for the business owners of the world, especially considering just how advanced hacker tactics have become. But despite the prevalence, many business owners may still not know if cyberattacks are covered under their insurance policy. Commercial owners in Decatur, AL should know more about this threat, and how it could affect their livelihood. Will Wright Agency Inc. wants you to have the facts.

Understanding Cyberattacks and Insurance 

Whether your commercial insurance policy covers cyberattacks is largely dependent on your policy, and unfortunately, an insurance company’s standard policies can change from year to year. Where General Liability Coverage may have covered a portion of these expenses in the past, some insurance companies are starting to write in exclusions for this very specific type of crime.

As with most insurance policies, it’s important to never make broad assumptions about what you are allowed to claim. So even if you were covered last year under your general policy, an insurance company may have altered its terms without formally alerting you of the change. But while insurance companies may exclude cybercrime from their general policies, they have been more than happy to debut riders (or add-ons) that will cover you in the event of an attack. 

Asking for Help 

Will Wright Agency Inc. is proud to help businesses in Decatur, AL get the help they need from breaches, hacks, and leaks. The right commercial insurance policy can be exactly what you need to keep trouble at bay. If your reputation suffers due to a hack, we can help you restore your image to the public so you don’t lose customers. If you want to learn more about how we can help, call us today. 

What to Do if Home Insurance Doesn’t Cover Something

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It’s important to read your home insurance in Decatur, AL because there are a few things that the policy may not cover. Not every policy is created equal, which is why it’s important to read the fine print on your policy. However, there are a few things that are not normally covered under any type of policy.

Ground movements, such as sinkholes, landslides, and earthquakes, aren’t covered under home insurance. This requires a different type of insurance coverage if you want to be protected if ground movement happens. Floods are also not covered and this will require an additional policy in order to get any damages that come from floods covered. Not all your belongings will be covered under your policy and there are certain coverage limits. If you have a lot of valuable items, such as artwork, jewelry, or expensive electronics, purchasing extra coverage can make sense. Home insurance won’t cover appliances in the home if they break down from wear and tear. If you want coverage for these types of things, there are home warranties that can replace appliances and HVAC units. Infestations, whether its mice, termites, or vermin, won’t usually be covered either. The insurance company sees this as part of maintaining the home. It’s always a good idea to have an emergency fund set aside for when your home needs some upkeep and repairs.

If you are worried about any potential problems that may not be covered by your policy, speak with an agent at Will Wright Agency Inc. You may be able to add endorsements or riders that will add on some additional coverage. The insurance company can also point you to other coverage options, such as flood or earthquake insurance, to stay protected.

Contact Will Wright Agency Inc., serving Decatur, AL, to get a quote on home insurance.