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How Boat Insurance Compares to Car Insurance

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It should come as no surprise that boat insurance is similar to car insurance in quite a few ways. After all, just like you do with cars, you drive, park, and store boats, and boats can also get damaged by the elements or even stolen. 

However, because boats and cars also have fundamental differences, there also happen to be differences between boat insurance and car insurance. Ransom & Associates Insurance Agency in Winder, GA provides this guide in navigating the two types of coverage. 

How Boat Insurance Compares to Car Insurance

Similarities 

  1. Policies vary from company to company. That means there can be differences in pricing as well as policy options. However, the main types of boat coverage you can expect to find include physical damage coverage and property damage liability. 
  2. You can opt for optional coverage. While optional coverage options for cars include collision, comprehensive, and glass coverage, options for boats include uninsured/underinsured boater and medical payments coverage. 

Differences 

  1. Boat insurance isn’t mandatory. But even though you aren’t required to insure your boat, you’re strongly encouraged to do so. What makes having coverage even more important is the possibility that someone else’s uninsured boat will damage your boat. And not having boat insurance doesn’t mean you don’t have any legal responsibility. So liability coverage is always a wise choice for boat owners. 
  2. You can purchase boat insurance at an agreed value. Unlike auto insurance companies, boat insurers provide “agreed value” coverage options that allow you to insure your boat at a predetermined amount. With boat coverage, if you experience a loss, you’ll be paid that exact amount no matter how much the boat has been damaged. 

Contact Us Today

If you’re in the Winder, GA area and are looking for competitive boat/watercraft insurance rates, look no further than Ransom & Associates Insurance Agency. To get started, contact one of our trusted associates and we’ll get in touch with you about all the options we have available.

The ABCs of Umbrella Insurance: A Comprehensive Guide

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Most people have some form of insurance- whether it’s auto, homeowners, or even health insurance. But there’s one type of insurance that often gets overlooked: umbrella insurance. Umbrella insurance is designed to provide an extra layer of protection in the event that you are sued or held liable for damages. It can help to cover costs such as legal fees, medical bills, and even lost wages. And while umbrella insurance is not required by law, it is a wise investment for anyone with significant assets or income.

So, what exactly is umbrella insurance? How does it work? And how much coverage do you need? Ransom & Associates Insurance Agency in Winder, GA offers the following comprehensive guide.

The ABCs of Umbrella Insurance

How Does Umbrella Insurance Work?

Umbrella insurance kicks in when the limits of your other liability policies have been reached. For example, let’s say you have a $500,000 auto insurance policy and you’re involved in an accident that causes $600,000 in damages. Your auto insurance will pay out the first $500,000, and your umbrella policy will cover the remaining $100,000.

How Much Umbrella Insurance Do You Need?

Umbrella insurance is important for anyone with assets to protect. But how much umbrella insurance do you need? The answer depends on several factors, including the value of your assets, the likelihood of being sued, and your tolerance for risk.

Here are a few things to consider when determining how much umbrella insurance to purchase:

  • The value of your assets: Obviously, the more assets you have, the more umbrella insurance you will need. But even if your assets are modest, you could still be sued for a large amount of money. So, it’s important to consider not just the value of your assets but also the likelihood of being sued.
  • The likelihood of being sued: If you are more likely to be sued, you will need more umbrella insurance. Factors that can increase your likelihood of being sued include being a high-profile individual, having a lot of wealth, or being in a high-risk profession.
  • Your tolerance for risk: Finally, you need to consider your own tolerance for risk. If you are the type of person who is comfortable with a little bit of risk, you may not need as much umbrella insurance. But if you are risk-averse, you will want to purchase more coverage.

No one can tell you exactly how much umbrella insurance you need. But by considering these factors, you can make an informed decision about how much coverage to purchase.

Get Umbrella Insurance in Winder, GA

As you can see, umbrella insurance is a wise investment for anyone with significant assets or income. So if you’re looking for an extra layer of protection, Ransom & Associates Insurance Agency can help. We offer umbrella insurance policies. Contact us today to get started.

 

How Whole Life Insurance Works

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When you have a family, life insurance is an important way to be responsible. Not having life insurance can make others suffer financially as well as to be unprepared for your final expenses. If you are interested in a whole life insurance policy, call us at Ransom & Associates Insurance Agency in Winder, GA to find out more. 

How Whole Life Insurance Works

Lifelong Protection

The reason that whole life is named as such is that it is coverage for your whole life. That is, it continues all the way to the end of your life no matter how old you get. Many people choose this type of life insurance because it doesn’t expire at a certain time like term life insurance does. There is no term period to worry about. You can simply keep the coverage for the rest of your life. This can give you a strong sense of peace of mind in knowing that your expenses will be covered and your loved ones will be taken care of when you’re gone. 

Cash Value

Another important aspect of whole life insurance is that it will build up a cash value over time. After a few years of paying premiums for the coverage, a part of the profits made by investing those premiums becomes available to you as cash value. This amount of money can be borrowed against when you are in a financial bind. This gives you even more peace of mind when you know that you have a way out of a serious financial situation if you should need it. 

Get Your Whole Life Insurance Policy

If you are interested in whole life protection, give us a call today at Ransom & Associates Insurance Agency in Winder, GA to find out more and to get started with a life insurance policy of your own. 

     

Common Auto Insurance Policy Add-Ons

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Ransom & Associates Insurance Agency provides coverage to the Winder, GA community and surrounding areas. We proudly serve as an independent insurance agency. We work with multiple carriers across the South. This allows us to offer flexible coverage options to our clients and help them obtain coverage that directly aligns with their situation. We look forward to assisting you.

Common Auto Insurance Policy Add-Ons

Operating a vehicle can be complicated at times. You have to deal with significant risks because of the unpredictable road conditions and the behavior of other drivers. Auto insurance offers a layer of protection as you deal with these unique road conditions on a daily basis. Collision coverage protects you if your vehicle is damaged in a collision with another driver. Liability coverage protects you if you are held responsible for injuring someone with your vehicle or causing property damage. Liability coverage also covers any injuries that a passenger sustains while they are riding along with you. Comprehensive coverage protects your vehicle if it’s damaged due to a collision with an animal or object. You are also covered if your vehicle is stolen or vandalized. Southern weather can extremely volatile. Comprehensive coverage protects your vehicle if it’s damaged due to inclement weather. Here are some common add-ons that you can add to your policy.

Emergency Assistance

Perhaps you are taking a road trip out of Winder, GA and you suffer a flat tire or your engine starts having trouble. Emergency assistance coverage protects you by ensuring that you will receive immediate attention for your issue.

Modified Auto Coverage

Suppose you plan to install custom accessories on your vehicle. In that case, you can add modified auto coverage to ensure that you are covered in the event that something happens to your vehicle after the upgrades have been installed.

Ransom & Associates Insurance Agency Will Help You Cover Your Assets

Contact us today to learn more information about auto insurance.

4 Benefits of commercial insurance in Winder, GA

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Owning and operating a small business demands a lot. You’ve poured countless time, energy, and effort into building your company. Commercial insurance protects this investment.

Fortunately, Ransom & Associates Insurance Agency can help. Located in Winder, GA, their agents understand the benefits of commercial insurance far exceed the risks of going without it.

Below, Ransom & Associates Insurance Agency shares the top four reasons to get commercial insurance.

Free up capital and assets

Operating a business can be expensive. Ordering materials, buying equipment, hiring workers, and investing in development are not cheap. Growth-minded owners know that commercial insurance maximizes their capital. Rather than holding cash uninvested to address potential losses, commercial insurance covers you instead.

Close larger clients

Proof of insurance is a common requirement. Commercial insurance offers credibility and reassurance to your customers. With a policy, you are committing to your company’s workmanship and taking ownership of any liability. Depending on scope and size, some larger contracts require insurance before signing.

Add a partner

You don’t have to do this alone. Adding commercial insurance is adding an advocate. Your problems are shared by your insurance agent. They inherit your risks. But, most importantly, agencies are willing partners who also want you to succeed.

Increases security

Business brings a lot of uncertainty. It’s impossible to predict accidents, property damage, lawsuits, or other incurred losses. While any one of these incidents could result in huge out-of-pocket costs, commercial insurance can help foot the bill. By minimizing the threat of financial loss, you are reducing risk and volatility. This extends to your employees too.

Contact an agent serving Winder, GA

Through a commercial insurance policy, Ransom & Associates Insurance Agency can grant you peace of mind knowing you’re protected. This allows you to focus on running your business. Schedule an appointment today.

4 Benefits Of Home Insurance

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Ransom & Associates Insurance Agency serves the Winder, GA community. We specialize in helping our clients find the coverage they need to protect their assets. We offer our clients flexible policies that align with their needs. We will sit down with you and assess your situation. We are committed to helping you find the coverage you’re looking for.

4 Benefits Of Home Insurance

Your home is one of your most prized possessions. Home insurance helps you cover this valuable asset. The policy covers the interior and exterior of your Winder, GA property. All of your personal items inside the home are covered if they are stolen or vandalized. You are also covered if a guest visits your property and suffers an injury. Liability coverage also protects you if you accidentally damage your neighbor’s property. Here’s a look at some other key benefits of home insurance.

Natural Disaster Protection

As a Southern resident, you are aware that severe weather could move through the area at any moment. Home insurance covers your property if it is damaged due to a tornado or hurricane.

Detached Protection

Home insurance covers any detached structures on your policy such as a garage or deck. If you have custom accessories, you can amend your policy for more protection.

Alternative Living Coverage

You are protected if your home suffers major damage, and you have to stay somewhere else until it is repaired.

Allows You To Relax

You’ve likely invested a lot of time and energy into your home. You may be devastated if something happens to it. Home insurance gives you peace of mind that you are covered no matter what.

Ransom & Associates Insurance Agency Will Help You Cover Your Assets

Visit our website to learn more information about Home insurance.  

Classic Car Insurance Explained

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Collecting classic cars has become a popular hobby in America. Many folks are flocking trade shows and car events to see what vintage cars they can add to their collection. Classic cars are a huge investment. While maintenance is essential, you must think about classic car insurance to protect your memories and heritage. 

Classic car insurance isn’t that different from standard auto insurance. However, there are differences here and there. Want to learn more about classic car insurance? Keep reading as Ransom & Associates Insurance Agency of Winder, GA sheds more light on this insurance coverage.

What is classic car insurance?

Classic car insurance protects your collector’s car just like standard insurance protects your typical vehicle. However, the difference between your vintage car and your typical car is that it appreciates or maintains its value. As such, you need insurance coverage that protects the true value of your classic. Typical classic car insurance coverages include:

  • Comprehensive coverage
  • Collision coverage
  • Roadside assistance
  • Lability insurance
  • Uninsured/underinsured motorist coverage
  • Special parts coverage
  • Medical Payments

When insuring your classic, you need to consider the agreed value. Unlike standard vehicles that depreciate from the moment you drive off the lot, antique cars appreciate. So, when your car is totaled, your insurer will compensate you the pre-agreed amount your car was worth when taking out the policy.

How do you qualify for classic car coverage?

While there are many definitions of classic cars, insurance companies consider a classic car as any vehicle that is 25 to 30 years old. While age is one consideration, you shouldn’t also use your car every day. Most insurance companies put a mileage limit as a condition for classic car insurance, and you must prove ownership of another car for a regular commute.

Buy classic car insurance in Winder, GA

Looking for classic insurance to protect your classic? Don’t look further than Ransom & Associates Insurance Agency. We offer personalized and competitive classic car insurance coverages.

Winterize Your Motorhome

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Winter is the perfect time to settle into your home in Winder GA and enjoy time with the family. When you don’t plan on taking any trips, Ransom & Associates Insurance Agency suggests that you winterize your motorhome to keep it in running condition.

Empty the Water from Tanks and Lines

Leftover water in the plumbing can freeze, and it can allow bacteria to grow and create gross smells in the black and gray water tanks. Emptying the tanks and giving them a cleaning flush will reduce smells and limit the impact of any freezing inside of the tanks. Make sure to give the water in the water heater time to cool beforehand. Drain the lines afterward.

Take Out the Inline Water Filters

Winterization can damage these filters, so take them out before continuing with the next step.

Pump the System with Antifreeze

Start by bypassing the water heater, which may be a simple process on RVs with a bypass already installed. Otherwise, you’ll need to look up the steps. Pump the RV antifreeze into the system, then open the faucets in the RV. Start with the ones nearest the pump, opening the hot side first until antifreeze flows. Flush the toilets next so they fill with the antifreeze. Lastly, dump a cup of antifreeze down each drain, turn off the pump, and close the system.

Keep Your Insurance Active

Even when in cold storage, your RV is a valuable asset that needs protection. At Ransom & Associates Insurance Agency serving Winder, GA and surrounding Barrow County, we recommend contacting your agent or provider and seeing if winterization is factored into your policy or if there are lay-up coverage options that cut your costs but keep the protection that you need like fire and theft.

Do I Need RV Insurance in Georgia?

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As one of the most beautiful states in the US, it’s not uncommon for both locals and tourists to explore the great state by RV. Anyone with a recreational vehicle (RV) in Winder, GA should understand the importance of having RV insurance to cover this large investment. 

In the state of Georgia, state law requires liability insurance at a minimum. Liability insurance covers you in the case where you injure yourself or others, or if there is any vehicular damage in the event of an accident. 

However, liability insurance won’t cover everything. While you may be thinking, "I’m a safe driver. Nothing is going to happen to me." Unfortunately, we can’t control other drivers on the road, or other scenarios that may occur. You want to be prepared for anything.

There are many insurance options available, and the experts at Ransom & Associates Insurance Agency strongly encourage you to look into the various options and coverage when insuring your RV. 

While liability insurance is the minimum required, when you embark on an adventure in your RV, insurance coverage should be the last thing on your mind. Cover your bases now and should something happen while you’re using the vehicle, you’ll have peace of mind knowing that you are properly covered for whatever financial cost you may incur. 

If you’re in Winder, GA or the surrounding areas, be sure to contact Ransom & Associates Insurance Agency for all your insurance needs. Our team of agents has a wealth of experience with insurance sectors including auto, home, life, commercial, RV, umbrella, and more. We’d be more than happy to discuss your coverage options and help you find the best plan for your motor vehicles, and any other insurance needs you may have. Reach out today!

What Are Georgia Motorcycle Insurance Options?

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When you are looking for motorcycle insurance in Georgia, the minimum requirements are liability insurance for injuries and/or death. You also need minimum property damage liability insurance that will cover the property damage to other parties in the event of an accident.

You may want more than the minimum requirements. At Ransom & Associates, we want Winder, GA motorcycle riders to have the coverage they need for your motorcycle insurance. We can help you to design the most thorough policy that you need.

Georgia Motorcycle Insurance Options

You are required to get the minimum insurance for your motorcycle. You can add on other insurance coverages to design the Georgia motorcycle insurance policy that you need.

In addition to the minimum requirements for motorcycle insurance, there are a number of additional coverages that you can get.

• Collision Insurance – To cover your own damage after a collision
• Comprehensive Insurance – Covers your losses after theft, vandalism, or fire
• Special equipment and accessories coverage 
• Replacement cost coverage
• Medical expenses
• Roadside assistance
• Uninsured motorist coverage – Covers you in the event a collision with an uninsured party occurs

For comprehensive and collision insurance, you will need to set a deductible on your insurance policy. After an accident or emergency, you will be paid by the insurance company after you pay your deductible.

Get a Quote

When you are looking for motorcycle insurance in Georgia, you will have a lot of options to get the most thorough coverage possible.  At Ransom & Associates Insurance Agency, we can help you to get the most coverage for your motorcycle. Call us for a quote today.