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Is Boat Insurance Required if You Boat Often on Open Water in Georgia?

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When you’re out there in your boat, you can’t always see what’s beyond your view. It might be fog. It could be rain, or just a rock in the middle of the lake you didn’t know was there. What can you do to protect yourself from the uncertainties?

While the state of Georgia has no mandated requirements for carrying boat insurance, it is a good practice if you own a boat. No matter how much you ride in open water, there is always a chance for accidents the more you are on the water. Sooner or later, you may run into a storm, another boat, or experience an incident such as running across underwater rocks or other materials that can damage your boat.

What Does Boating Insurance Cover?

Boat insurance covers pretty much any type of incident or accident that could occur either while sailing or driving your boat or while your boat is parked in the docks. Boat insurance is a layer of protection you don’t want to be without in case an incident occurs.

Where to Find Boat Insurance in Winder, GA

If you live in the Winder, GA area, Ransom & Associates Insurance Agency has your back when you are looking for boat insurance to protect your boat against many types of problems, damage, and injury. They have years of experience in offering insurance for boat owners as well as many other kinds of insurance coverage like home, life, and health.

Full-Featured Insurance Company

If you are looking for a full-featured insurance company, look no further than Ransom & Associates Insurance Agency, serving the Winder, GA area. We carry a full line of protection for home, RV, boat, and many others. Visit us online and ask for a quote or call (404) 693-6330. 

Remember, when the water is deep, you need a better life preserver. We can help you by offering boat insurance to protect you from the unforeseen events that lie ahead.

How to Know You Need Umbrella Insurance in Georgia

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The answer on umbrella insurance is never an easy one. If you have a lot of assets, business, and want financial security, it makes sense to get umbrella insurance. Umbrella insurance is the insurance that you get to cover you in the event that claims for standard damages exceed your caps, or if problems outside of standard coverages arise. 

At Ransom & Associates Insurance Agency, we want Winder, GA residents to be covered for every potential problem they could have. We can help you to determine what umbrella insurance covers, and if it is the right choice for you.

Bodily Injury Liability

Bodily injury liability coverage is often covered under other policies you may already have, such as auto insurance, home insurance, or commercial insurance. This coverage in an umbrella policy will cover you in the event that those caps are exceeded during a claim.

Here you will have coverage for the costs a third party will incur in the event of an injury that you are found liable for.

Property Damage Liability

Property damage liability will cover you in the event that there is damage to a vehicle or property as a result of an accident you are at-fault in. This could be damage to someone else’s property, such as their vehicle during a car accident. Even damage to their car while parked at your home could be covered here.

Other Liabilities

There are a number of other liabilities you may need coverage for. Umbrella coverage is for those moments in life when it feels like it is raining problems.

You can use umbrella insurance if you sue or are sued for slander, libel, malicious prosecution, false arrest or detention, or mental anguish or shock.

Get a Quote

There are a number of liabilities that happen in life that you often can’t prevent. At Ransom & Associates Insurance Agency, we want Winder, GA residents to be covered for every possible scenario. Call us today for a quote on umbrella insurance.

Questions to ask when purchasing life insurance

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Thinking about purchasing life insurance? It can be stressful. Who can you ask all the questions running through your head? At Ransom & Associates Insurance Agency in Winder, GA, questions are our specialty. We are locally owned and operated and our team is dedicated to making sure we provide our clients with not only answers to their questions but personalized insurance products to meet their needs. 

I get life insurance through work enough is that enough?

That really depends on how much life insurance is provided by your employer. It may not be anywhere near enough to provide the safety net you need for your loved ones. Keep in mind, that life insurance from an employer will usually go away when you stop working for that employer. 

Is a physical required to get life insurance?

You may need to get a physical, but it is not always required. Chances are you will have to answer a lot of health questions. To have the maximum amount of choices, you will need a physical exam. 

I’m going to retire do I need life insurance?

Each case is different but if you are financially secure and have made sure your final expenses are provided for, probably not. If however you still have people who rely on your income and even your income in retirement and might not be financially stable without you, then yes you still need life insurance. Talk to your financial advisor before making this important decision. 

How much life insurance do I need?

Enough to make sure those you leave behind will be taken care of financially. One answer won’t do, everyone will have a different need. Your financial advisor or insurance agent can help you with the figure you need. 

Contact Ransom & Associates Insurance Agency in Winder, GA when you need to know more about life insurance.

The Importance of Having Adequate Liability Coverage in Your Auto Insurance Policy

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If you buy auto insurance to avoid rubbing shoulders with the local law enforcement, you’re purchasing the policy for the wrong reasons. When purchasing insurance, it’s always prudent to go beyond price and law requirements to promote safety for you and other road users. At Ransom & Associates Insurance Agency, we recommend speaking to an insurance advisor before purchasing a policy. Here are a few benefits of having adequate insurance.

Helps Prevent Lawsuits

The main reason why many victims of road accidents go to court is that they feel they were not fairly compensated. However, an injured party may not have to sue you if you compensate them adequately through your policy. That means carrying enough liability coverage, which will take care of the damages and injuries.

You Don’t Have to Incur’ Out-of-Pocket’ Costs

Accidents are pretty expensive, especially when they involve multiple cars or properties. It’s easy to find yourself not having enough money to pay for the wreck or medical bills. That’s why you may want to buy enough uninsured/underinsured motorist coverage, personal injury protection, and liability coverages.

Auto Insurance Protects Other People Using Your Car

The best part about auto insurance is that it covers your family and friends. Whether it’s you, your son, your employee, or your friend driving the car, auto insurance will cover damages and injuries that may result from an accident through your policy. Personal injury protection also covers your passengers.

The Policy Protects You Too

Even though only liability is required, there is a coverage that protects you too—personal injury protection. If you are involved in an accident with an uninsured motorist, this coverage may help pay your medical bills.

Don’t just buy the minimum; buy enough auto insurance to protect yourself, your family, and other road users in Winder, GA. For more information, quotes, or policy discussions, contact Ransom & Associates Insurance Agency today.

What commercial insurance is required in Georgia

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Owning a business has a certain amount of risk. The risks facing your business are particular to your individual type of business. Different types of businesses have different risks, which is why your commercial insurance needs to be customized to your distinct business. If your business is located in or near Winder, GA, Ransom & Associates Insurance Agency has the experience to help you make sure you comply with the law. We will make sure you can sleep at night knowing you and your business are safe. 

Workers’ compensation

Like most states, Georgia mandates employers provide employees with workers’ compensation insurance. If your business employs three or more employees regularly, even if they’re part-time, you must have workers comp. It is a good thing for both employees and employers. Healthy and happy workers are a benefit for any business. An employee is less likely to sue an employer who takes care of them. 

Commercial auto insurance

If your business owns any vehicles, you must have commercial auto insurance. The minimum required amount is 25/50/25. If you are using a personal vehicle to do business, you may not be covered. Personal auto policies frequently exclude use for business. 

While you may not be required to have other types of commercial insurance, it may be a good idea for you to consider them.

Commercial liability insurance

Getting sued is a nightmare. Losing the judgment an even bigger nightmare. It could bankrupt your business if you don’t have commercial liability insurance. Commercial liability covers a variety of scenarios where you might have to pay for an injury. 

Commercial property insurance

You can’t do business with all the things you use to do business. Commercial property insurance covers you from many hazards that can damage your place of business and your equipment. 

In Winder, GA, contact Ransom & Associates Insurance Agency for your commercial insurance needs. 

When should you review your home insurance coverage

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When you buy a home, they should include a class in home insurance. It is so important to your security. But they don’t, so it’s up to you to learn all the things you need to know about home insurance. You need to keep in mind that the policy you bought 20 years ago may not be right for you today. Your needs and risks change over the years. In Winder, GA, Ransom & Associates Insurance Agency is a full-service agency that provides the customer support you need. 

Most home insurance policies renew yearly and come with a declaration page. This page gives you the details of your policy. The amount of coverage and the deductible. When you get this each year, it makes sense to look at the figures and consider whether your coverage is where you want it. If you are worth more than you were when you took out the policy, the liability coverage may not be high enough to offer adequate protection. If you have a dog, a pool, or a trampoline, your risk rises exponentially. 

Making upgrades to your home increases its value. Resale prices are affected by many home repairs you make. If you do a major renovation, things like putting in a new kitchen, finishing a basement, or adding an extension, you should notify your insurance carrier so that they can reaccess the replacement value of your home. 

Some things you do to your home can lower your premium. If you add a home security system, add deadbolts, install fire and carbon monoxide detectors, make your home a smart home, or replace your roof contact your insurance company with the updates. 

If you live in or near Winder, GA, Ransom & Associates Insurance Agency is here to help ensure you have the right policy and the correct amount of coverage. Contact us for a no-obligation quote.