Insurance Coverage for the Owner of a New Motorcycle

Posted on March 28, 2025March 19, 2025 by admin

Adequate motorcycle coverage will protect your motorcycle and your best interests while it is being operated. Insurance will also provide protection when your vehicle is parked.

Insurance Coverage for a New Motorcycle

Your new motorcycle is an investment that should be adequately protected. Motorcycle insurance protects against liability issues, theft, vandalism, and natural disasters. Two factors to consider are the value of your new motorcycle and whether you are financing it.

Understanding Liability Protection

Liability protection is a type of motorcycle coverage that will protect you if you are sued. If you aren’t an experienced motorcycle operator, you may be concerned about the risk of an accident occurring.

You could be liable for property damage and injuries if you are found at fault in an accident. Liability protection designed for motorcycle operators will provide the level of protection needed when operating your new motorcycle.

Full-Coverage Motorcycle Insurance

Full-coverage motorcycle insurance provides protection for a wide range of events. This type of motorcycle insurance will protect you against accidents that damage your motorcycle. If you need to have repairs made to your bike, the coverage may reimburse you for out-of-pocket costs that you are initially responsible for.

Add-On Protection for a Motorcycle

There are add-on coverage products that are designed for motorcycle owners. Add-on coverage provides protection in unique circumstances. Add-on coverage can be used to protect towing essentials, mechanical upgrades, custom motorcycle features, and more.

Schedule a Meeting With a North Carolina Insurance Agent

You can schedule an appointment to discuss the type of motorcycle insurance you are interested in. Contact one of our agents at Steiner Insurance Group. An agent who serves Nashville, NC, will assist you with scheduling an appointment with a qualified insurance agent.

Retirees and Umbrella Insurance

Posted on February 28, 2025February 18, 2025 by admin

Most retirees spend a lifetime saving money for their retirement, so they don’t have to worry about finances as seniors. During retirement, you want to spend your time with your family, on hobbies, and other activities you enjoy rather than worry about money. Unfortunately, many seniors are unaware of umbrella insurance as an affordable means of protecting their assets and keeping life worry-free. Whether you have already retired or expect to be soon, contact the Steiner Insurance Group team serving the Nashville, NC, area to understand how umbrella insurance can benefit you.

How Umbrella Insurance Benefits Retirees

Accidents occur regardless of how careful we are, which can leave us financially responsible for the damage. We have home, auto, and other insurance policies to cover our potential liabilities, but some accidents can result in damages that exceed our policy limits. While such accidents are infrequent, they can be financially devastating since you remain responsible for the difference. Ultimately, the situation can put your home and other investments at risk.

Serious accidents are particularly troubling for seniors who are past their top earning years and not in a position to rebuild their assets. Thankfully, there are few significant accidents that require umbrella insurance to activate, so umbrella policies are relatively cheap. They typically cost $150- $300 per year for $1 million in coverage. While umbrella policies cost money, they provide peace of mind, knowing that you have an extra blanket of protection for yourself and your family.

Working With Steiner Insurance Group

Umbrella insurance is an affordable way to protect your family and assets against unforeseen events. If you live in or near Nashville, NC, consider the Steiner Insurance Group team. Stop by the office or call (440) 946-2040 to discuss the benefits of umbrella insurance.

Glossary Of Life Insurance Terms for Nashville NC Policyholders

Posted on January 27, 2025January 21, 2025 by admin

Are you finding life insurance terminology confusing and needing assistance understanding your policy?

Let the professionals at Steiner Insurance Group in Nashville, NC, help you understand commonly used life insurance terms.

Life Insurance Terms Explained

Beneficiary: The "beneficiary" refers to the individual, individuals, or designated entity receiving the death benefits when the policyholder dies.

Cash Value: Some types of life insurance policies offer "cash value" features, allowing withdrawals or borrowing against the policy before the policy owner’s death. Permanent life insurance policies often include provisions that let policyholders borrow against their policy for unexpected emergencies and significant life events.

Death Benefit: This is the predetermined amount insurance companies pay the beneficiaries upon the policyholder’s death. Death benefits are typically non-taxable, but it’s advisable to consult a trusted life insurance professional to ensure these benefits are not taxable in your specific situation.

Premium: The "premium" is the amount paid annually, monthly, or quarterly by policyholders to maintain their benefits. This amount can vary based on your policy type and individual circumstances. It’s recommended to consult with an agent to ensure you’re getting the best value for your money.

Term life insurance provides coverage for a specified term limit. For instance, a term life insurance policy may expire after 10, 20, or 30 years.

Underwriting: Life insurance professionals use underwriting to assess risk and determine the cost of your insurance premiums. Underwriters use mathematical formulas and risk assessment tools to evaluate factors like age, health, and lifestyle when potential policyholders apply for coverage.

Whole Life Insurance: These policies provide lifetime coverage for policyholders. Lifetime policies include special provisions and cash value options that aren’t available with term-life policies.

Contact Steiner Insurance Group in Nashville, NC, to learn more!

Can I Repair My Classic Car Following An Accident?

Posted on December 23, 2024December 18, 2024 by admin

Classic car owners take their vehicles very seriously, often spending hours restoring them to their former glory and showcasing them at car shows. This level of dedication is why many insurance companies allow owners to do their own work when a classic car needs repairs. If you’re looking for a classic car or other insurance policy and live in the Nashville, NC area, contact the Steiner Insurance Group team for assistance.

Classic Car Insurance and Self Repair

Classic cars are unique, just like their owners, and those differences distinguish classic cars from everyday vehicles when damage occurs in accidents. That’s why some insurance companies cater to classic car owners’ needs.

Insurance companies typically direct everyday vehicles needing repair to preferred repair providers. These providers are generally reliable and efficient but do not specialize in classic cars. Classic car owners typically can have their repairs performed at higher-priced specialist shops, and due to the demand for authenticity, owners have more discretion in the cost of replacement parts.

Some classic car insurance providers also let owners perform repairs themselves, even assisting them in locating the parts they need. If you want to be able to repair your vehicle should it become damaged, talk to your agent so they can find an insurance provider that meets your self-repair requirement.

Working with the Steiner Insurance Group

The Steiner Insurance Group team looks forward to helping you find the classic car insurance that best suits your needs. If you live in the Nashville, NC area, call (405) 329-9780 or stop by today to let us care for all your insurance needs.

From Campsites to Coverage A Guide to RV Insurance for Nashville, NC Adventurers

Posted on November 20, 2024November 19, 2024 by admin

Owning an RV offers new and exciting opportunities for off-road exploration and immersing yourself in the quiet and comfort of the great outdoors. Traveling the open road in your RV also comes with safety responsibilities that can help keep you, your passengers, and other drivers safer on the roads.

Prepare to hit the open road confidently when you discover the best RV Insurance options from the Experts at Steiner Insurance Group in Nashville, NC in our informative guide below.

Why You Need RV Insurance in Nashville

Just like auto or home insurance, recreational vehicle insurance covers your RV, its occupants, and your most prized possessions from the devastating financial effects that can result from head-on collisions, minor fender benders, and campsite accidents.

Each RV class has its own unique style and features; however, no two RV insurance policies are exactly the same. For example, most of today’s larger and new Class A motorhomes require owners to have comprehensive and collision coverage that can offset damage costs for these road giants, which could potentially lead to thousands in out-of-pocket expenses.

The best way to know which RV insurance type works best for your travel trailer, fifth wheel, pop-up tent, Class C Van, or Class A motorhome is to get advice from local RV insurance professionals who understand today’s road warriors’ unique needs and lifestyles.

Talk to A Trusted Local RV Insurance Agent Near You

Contact the Steiner Insurance Group for advice and a custom quote that includes policy add-ons like emergency roadside assistance, trip interruption, or towing and tire service for RVs. Our professional team of agents can answer your questions and offer a custom quote when you contact our offices today!

The Importance of Uninsured Motorist Coverage for Motorcyclists

Posted on October 21, 2024October 16, 2024 by admin

Uninsured Motorist Coverage: Essential Protection for Motorcyclists

Riding a motorcycle offers a sense of freedom and adventure like no other. However, it also comes with its own set of risks, especially when sharing the road with uninsured drivers. At Steiner Insurance Group in Nashville, NC, we emphasize the importance of uninsured motorist coverage for motorcyclists to help protect against these uncertainties.

Understanding the Risks

Motorcyclists are more vulnerable in accidents due to the lack of physical protection compared to cars. The financial consequences can be severe if you’re involved in an accident with an uninsured driver. Medical bills, bike repairs, and lost wages can quickly add up, leaving you in a difficult situation.

The Importance of Uninsured Motorist Coverage

Uninsured motorist coverage is a crucial safeguard for riders. It ensures you’re financially protected if a driver hits you without insurance. This coverage can help pay for medical expenses, damage to your bike, and even compensation for pain and suffering. Having this protection means you can focus on recovery without the added stress of financial burdens.

Peace of Mind on the Road

Knowing you have the right coverage lets you enjoy the ride with peace of mind. It’s not just about protecting your bike; it’s about ensuring you and your loved ones are secure in case of an accident.

Protect Yourself Today

Don’t leave your safety to chance. Contact Steiner Insurance Group in Nashville, NC to learn more about how uninsured motorist coverage can benefit you as a motorcyclist. Our team is ready to help you find the best policy to meet your needs. Reach out to us today and ride confidently, knowing you’re protected.

What Assets Does Umbrella Insurance Cover?

Posted on September 30, 2024September 24, 2024 by admin

Understanding Umbrella Insurance: What Assets Can Be Covered

If you’re contemplating adding umbrella insurance to your home or business property, it’s crucial to understand precisely what assets can be used to cover expenses so you can protect them. Below are the different assets you can cover.

Bank Accounts

When deciding how much to get, include all your checking, savings, or investment accounts with banks or local financial companies in the insurance policy. The amounts in these accounts can be frozen. If you have accounts at multiple banks, ensure they all receive coverage on your umbrella insurance policy.

Real Estate

Whether you own a home, multiple properties, or farmland, these assets can be frozen and sold to cover any expenses incurred from a court case. Properties in which you have partial ownership should also be included. If you don’t use the property or even if it appears abandoned, include it. The value of these properties should reflect the amount of your policy that covers them.

Vehicles

The vehicles you use for daily commutes, family use, or leisure, like sports cars, are considered assets. This also includes collector vehicles that may not even be on the property.

Future Income

Despite your current income, consider putting aside money in the umbrella insurance policy to cover future earnings. Some settlements might require future payments, and your potential future income can be used to settle the debt.

When building an umbrella insurance policy, it’s important to include anything of value that can be sold. If you have additional property you are unsure about or have general questions, our team at Steiner Insurance Group is here to assist. We proudly serve residents in the area surrounding Nashville, NC.

Term vs Permanent: The Ongoing Life Insurance Debate

Posted on August 30, 2024August 20, 2024 by admin

Ever since life insurance was introduced, there has been an ongoing debate about whether permanent or term life insurance is superior.

At Steiner Insurance Group of Nashville, NC, we are pleased to offer both products, each with its own place.

Pros and cons of term insurance.

Term insurance is life insurance protection intended to cover the insured’s life for a specific number of years. It is generally much more affordable than permanent life insurance and is terrific for those who desire a large amount of coverage. On the downside, it expires after its term and doesn’t build a cash value.

Pros and cons of permanent insurance.

Permanent or whole life insurance remains in force for as long as premiums are kept up to date. It can build value and may be considered a financial asset. It may be used as collateral or borrowed directly against its value. It may also be cashed in at some future date.

Permanent insurance can be a good option for those who need life insurance protection but have trouble saving. It is often purchased for newborns as it can build value the child may use for future education or a first car. The downside of permanent insurance is that it is more costly per thousand than term insurance.

So, which is better?

The real question is which is better for your specific situation. If you have questions, please get in touch with us.

Get North Carolina Insurance Quotes today.

If you are interested in getting a quote for term or permanent insurance or just comparing both, contact Steiner Insurance Group of Nashville,, NC. We would be glad to assist you.

How Weather and Road Conditions Affect Your Auto Insurance Steiner Insurance Group

Posted on July 30, 2024July 23, 2024 by admin

Driving without auto insurance is illegal in most US states, including Nashville, NC. Local drivers who are weighing options for the best auto insurance can learn how road conditions affect their auto insurance in this guide from the Steiner Insurance Group.

How Weather and Road Conditions Affect Your Auto Insurance

Ideal driving conditions certainly include sunshine and clear roads. However, the reality is that severe weather conditions and poor road states can affect the quality of your driving experience and test the reliability of your auto insurance. Discover how severe weather and hazardous road conditions can wreak chaos with your insurance.

Severe Weather Can Impact Auto Insurance Coverage and Rates

Driving in severe weather increases the chances of being involved in an auto accident, getting side-swiped, or even having your vehicle hit while it’s legally parked. You can offset the potential costs of damages, fees, and liability claims by investing in comprehensive auto insurance that covers both collision and non-collision-related automotive incidents affected by weather.

Hazardous Road Conditions

Hazardous road conditions, construction, and hours spent in stop-and-go traffic on long work or pleasure commutes can all lead to automobile accidents, object collisions, or other unexpected events while navigating Nashville roads.

Get Complete Auto Insurance Coverage in Nashville, NC

Confirming that you have the best auto insurance coverage available is the simplest way to ensure that all of your vehicles are completely covered for even the most unexpected mishaps that can affect your rates.

Contact a knowledgeable and friendly agent at Steiner Insurance Group in Nashville, NC, to learn more about your best auto insurance coverage options and how local road and weather conditions can impact your rates.

What type of Commercial Insurance Do I Need for my Business?

Posted on June 28, 2024June 24, 2024 by admin

Businesses have different financial needs than individuals, which extend to their insurance needs. At Steiner Insurance Group in Nashville, NC, we offer commercial insurance.

Commercial Property Insurance

You’ll need commercial property insurance if you own a physical building associated with your business, such as a store, office, or manufacturing center. A commercial property policy covers the building and any business property or equipment within the building. However, it’s essential to understand that commercial property insurance does not include liability coverage.

General Liability Insurance

General liability insurance protects you from liability if someone is injured on your business property. It also covers damage to someone else’s property or belongings while at your business.

Business Owner’s Policy

A business owner’s policy, also known as BOP, combines general liability and commercial property insurance.

Professional Liability

While general liability covers people who are at your business, it doesn’t cover liability related to your products or services. For instance, if you are a mechanic and make a mistake that breaks a customer’s engine, professional liability will cover the repair cost.

Product Liability is another form of professional liability coverage. It covers damages caused by a faulty product created by your business.

Commercial Auto Insurance

You’ll need a commercial auto policy if you use a vehicle for business purposes, such as transporting customers, goods, or equipment.

A commercial auto policy also covers any legal driver, allowing employees to drive the company vehicle as well safely.

Commercial Insurance at Steiner Insurance Group

Contact Steiner Insurance Group if you need commercial insurance in Nashville, NC. We provide business insurance to meet the needs of businesses of all sizes. Our friendly agents will help you select the right policies for your business.