Things That Might Void a Boat Insurance Policy and Avoiding Them

Boat insurance is generally a necessity, and it protects you from issues like damage from weather, fire, wrecks, and things cropping up out of the water. There are several things owners can do to make their boat policy ineffective. Our team at LG Insurance Group in Marietta, GA explains.

Intentional Damage

Some owners do nefarious things to their watercraft in an attempt to make a fraudulent insurance claim for a quick cash grab. If the company suspects or confirms that the policyholder has intentionally wrecked, set the boat on fire, sunk it, etc., they will not pay out on the policy. They will likely cancel it altogether.

Operating Your Watercraft While Under the Influence of Drugs or Alcohol

It’s tempting to want to imbibe certain vices while enjoying a day on the boat with friends, but it’s a huge no-no that can invalidate your insurance policy. Exceeding the boat’s maximum person or weight capacity can also null and void the boater’s insurance policies. These violations endanger passengers and those around the vessel, which is irresponsible.

Things That Can Result in Lapsed or Voided Policies

Certain situations that can result in either of these outcomes vary. Most often, lack of paying on time and missing multiple payments are the culprits of boat insurance lapses and subsequent policy voiding. The company will likely cancel your policy if you provide false information on your application or a claim.

Secure Boat Insurance Through LG Insurance Group in Marietta, GA

If you’re a boat owner, we can help you understand your personalized boat insurance policy to protect you, your passengers, and your watercraft. Our locally owned and operated agency covers residents across Georgia and Tennessee with boat insurance and other types of policies.

What is the main advantage of carrying a flood insurance policy?

Those living in the Marietta, GA area will find owning property is an excellent long-term option and decision. As you shop for a home, you must take the right amount of time and assess your insurance needs. Your insurance needs could often extend to carrying a full flood insurance policy. Various important advantages come when you do have a full flood plan. 

Protect Against Flood Damage

An important reason to have a flood insurance policy is so you can protect yourself against flood damage. If rising floodwaters ever damage your home, the cost to repair and remediate it will add up quickly. Unfortunately, it is common for a home insurance plan to exclude coverage for this risk. Because of this, getting a flood insurance policy will ensure you have support if your home is affected by a flood. 

Comply with your Obligations

Having a flood insurance policy is also helpful to ensure you can comply with any obligations. If you take out a mortgage, you will have specific insurance requirements. If your home is in a flood zone, this can include a requirement that you maintain a flood insurance policy and have payments escrowed. Even if your home is not in a flood zone when you buy it, your requirements could change if it is reclassified. 

You need to shop for a flood insurance policy. If you are in the Marietta, GA, area, our team can help you learn about the benefits. It would be very smart to begin this process and search by calling our professionals at the LG Insurance Group. When you call the LG Insurance Group, you will get the guidance and support necessary to build a new policy. 

Four rules to follow when you purchase flood insurance

Choosing flood insurance coverage is a crucial decision you’ll make as a homeowner. If you’re in the market for flood insurance for your home in Marietta, GA, we can provide you with insurance at LG Insurance Group. 

Here are four essential rules to follow when purchasing flood insurance for your Georgia home. 

Get quotes from a few flood insurance providers.

You can contact different insurance providers and request policy quotes as part of doing your flood insurance research. With numerous quotes, you can compare different premium amounts and policy offerings. This will make it easier for you to make the best possible choice regarding your flood insurance coverage. 

Understand what the flood risk is in your area.

You should know your flood zone and how likely flood damage is in your area. This can help you evaluate the different quotes you can get and determine what a competitive flood insurance premium is in your area. 

Consider updates you can make that protect your home from flood damage

Numerous home improvement projects can minimize your home’s risk for flood damage. For example, you can have a sump pump installed or grade your lawn in such a way that water is less likely to flow toward your home. 

Making such updates protects you from flood damage and can bring down your flood insurance premiums costs. 

Try to get enough coverage to cover your home’s total value

You want your flood insurance to fully compensate you for your home’s value if your home is destroyed in a flood. That’s why you should get full coverage for your property if possible.  

Following these rules will give you more confidence in your flood insurance selection. When you’re looking for policy quotes, visit our website or call us at LG Insurance Group. We’re here to provide quality flood insurance to homeowners in Marietta, GA. 

Why do I need boat insurance in Marietta?

Those in the Marietta, GA area will likely know the weather is hot during the long summer months. Fortunately, there are a lot of local lakes and waterways that offer a chance to stay cool and have fun. When you live here and want to enjoy the area as much as possible, getting your own boat is a good idea. Along with this, you need to have insurance for it. A boat policy is necessary for various reasons.

Protect Against Risk of Damage

A primary reason someone will want to have coverage for their boat is that it can protect against the risk of damage. If you buy a boat, you will want to use it for a long time. When you have boat coverage, it will offer the support you need to replace or repair it if the boat is stolen or damaged in an accident. 

Offset Liability Risks

You also should consider insurance for your boat as it can help to offset your liability risks. If you choose to operate a watercraft, there is a chance that you could cause an accident. When this occurs, you will want financial resources to cover the damage. If you are not insured with a boat policy, you must pay for repairs out of your own pocket. 

Having boat insurance is always essential if you own a watercraft in the Marietta, GA area. If you want to start looking for this coverage here, it could be wise to begin your search by calling the LG Insurance Group. The professionals with the LG Insurance Group know the value of this coverage and can help you create a plan that will meet your needs. 

Are repairs covered by your boat insurance policy?

The team at LG Insurance Group is here to help Marietta, GA area boat owners with their insurance needs. If you have questions about what type of policy is right for your needs, we can provide the information you need. Our team is here to answer your questions today. Call or stop by!

A comprehensive boat policy is the way to go.

There can be a lot of questions about boat insurance and what coverage each policy provides. Every policy can be different, so it’s essential to do some research before selecting one. If you want to ensure that items such as repairs are covered, it can make sense to go with a comprehensive policy.

Many basic boat policies provide limited coverage outside of liability. In some cases, there is very little protection when it comes to boat repairs. If you have a comprehensive boat insurance policy, it is much more likely that repairs needed due to a covered event will be included in your policy.

Please don’t wait until it’s too late to find out that you don’t have the coverage you want and need. Take the time to review your policy to see any gaps in coverage carefully. Sitting down with a local agent is a great way to ensure that your policy is what you want.  

Find out more today!

Marietta, GA area boat owners can turn to the LG Insurance Group team for all their boat insurance questions and concerns. If you want to ensure you have the protection you need, we are here to help. Contact our office today and learn more about the comprehensive boat insurance options available in our area. 

Common Flood Insurance Exclusions

Since flood damage isn’t covered by home insurance, most homeowners in Marietta, GA invest in flood insurance to ensure they are protected when the worst strikes. While flood insurance from LG Insurance Group covers your building and its contents, it has exclusions like other coverages. In light of this, typical flood insurance doesn’t cover the below risks:

Sewer backup

When the sewer lines are blocked or malfunctioning, causing flooding in your house, flood insurance won’t cover the damage unless the cause of the sewer backup is flooding. Similarly, flood insurance won’t cover in-house flooding. For instance, if broken pipes cause flooding in your house, the resulting damage will be covered by home insurance.

Earth movement

Any damage caused by earth movement won’t be covered by flood insurance, even if floods cause the movement. For such damage, you have to use your earth movement coverage.

Mold

Typical flood insurance may cover mold damage resulting from floods. However, flood insurance doesn’t cover any moisture-related mold not caused by flooding.

Detached properties

Apart from the garage, any detached structure is usually excluded from your flood insurance policy. So, home insurance doesn’t cover patios, fences, yards, lawns, and other outdoor properties.

Movable properties

A typical flood insurance policy doesn’t cover your vehicle and other movable properties. Check your auto insurance policy to see whether it covers flooding.

Additional living expenses

Should floods make your house unlivable, typical flood insurance won’t cover the additional living expenses you incur as your home is undergoing repairs. Typically, home insurance covers "loss of use" but excludes floods.

Learn more about flood insurance

Need more insights about flood insurance? If you are in Marietta, GA, or the surrounding area, you can never go wrong with LG Insurance Group. Contact us to learn more about flood insurance. We will help you secure affordable coverage, too.

 

Can a boat insurance plan be helpful in Georgia?

In the Marietta, GA area, owning a boat can be a great idea. Those that are boat owners here can have a lot of great times while enjoying all of the local waterways. When you are a boat owner in this state, you need to make sure you get the right insurance coverage for your boat. A proper boat insurance plan is helpful in several ways. 

Coverage Protects your Boat

A reason you need to have boat coverage is to protect your boat. Those that invest in a boat are going to want to enjoy it for a long time. The best way to ensure this happens is by getting proper insurance for it. If you invest in a boat insurance plan, your coverage will include a provision that will provide protection if the boat is stolen, vandalized, or damaged in some type of accident.

Liability Risk Protection

You will also find that a boat insurance plan is helpful as it will give you liability risk support. When operating any type of boat, there is a chance you will cause an accident. If this happens, it will be up to you to cover damages. With a boat insurance plan, you are going to have the support needed to cover the damages that you caused. 

It continues to be important for any boat owner in the Marietta, GA area to get the right insurance for their watercraft. If you are evaluating all of your options here, calling LG Insurance Group to discuss your needs is always a good idea. There are plenty of decisions to make when picking insurance and LG Insurance Group can make it easier. The team here is able to do this by carefully assessing your needs and options and helping you build a customized plan. 

Do Jet Ski Owners Need Boat Insurance?

If you are planning to enjoy water activities on a jet ski, you will need to learn more about the available insurance options to protect you and the others who may be out on the water too. Jet skis pose a higher risk of accidents, which is why having insurance in place is crucial.

Jet Ski Insurance

If you currently own or plan to own a jet ski, you will need to obtain special recreational insurance. Regular boat insurance isn’t designed for jet skis. Recreational insurance covers several different types of craft ranging from four-wheelers to wave runners and jet skis. Before settling on a policy, you should work with an insurance agent to find a policy that is reliable and fits your needs. You want to make sure that you have adequate coverage to help prevent losses as a result of a covered event so you can enjoy your time on the water without having to worry.

Finding A Policy

Start your search for the right insurance with the assistance of a skilled insurance agent. If you are living near the Marietta, GA area, you can turn to LG Insurance Group to help you make sense of which types of insurance you need, and what level of coverage is necessary to protect you. They can work closely with customers to help find the right policy, submit documentation, and even help with a claim. 

There are risks when you are on a jet ski, which is why having the right protection is important. Those who live around the Marietta, GA area should call or stop by LG Insurance Group to speak with an agent today. 

Tips for Avoiding Water Loss in your Home

Did you know that water damage is the second most frequently filed loss experienced by homeowners and renters each year? (according to the Insurance Information Institute)  The infographic below, provided by Safeco, can help you understand the risks, offer prevention tips and share the resources you may need if a water loss occurs. 

Does a small fishing boat need insurance?

If you just bought a small fishing boat to take around the lakes and rivers surrounding Marietta, GA, you’re probably wondering if you need to call LG Insurance Group and get a policy on your new ride.

The short answer is: You might not. It depends on how small of a boat we’re talking here, of course. Essentially the question you need to consider is whether or not it could do any damage in an accident, and what you stand to lose if something happens to it. If you’re just rowing a little two hundred dollar inflatable raft, then there’s not much reason to worry about getting it insured. You’re not hitting any speeds that will hurt other boats in an accident or damage a pier or anything.

You may want to think about liability coverage if you’re taking other people out in your boat, but standard boat insurance is there to cover a boat in the same way auto insurance covers your car. If you can afford to repair or fix your boat out of pocket and it doesn’t have a motor in it, then there’s not much that can go wrong that will demand insurance.

But, you need to be honest with yourself here. If you spent a pretty penny on your boat, if it’s motorized, then you need to do yourself a favor and call LG Insurance Group and get covered. No matter how safe you are at piloting your boat, you never know what can happen on your next voyage, so be prepared for whatever may come your way as you explore the waters of Marietta, GA.