Renter’s insurance

Top reasons to purchase a renter’s insurance policy

You might not think you need renter’s insurance, but there are many reasons to buy renter’s insurance.

Sharp Insurance & Financial Services of Ashland, KY wants you to have the insurance you need, so we offer this list of real reasons to acquire renter’s insurance.

1. Your landlord has property insurance, but it only covers their losses to the apartment building or home and their liability. Your personal property and liability are not covered. Only 37 percent of renters obtain renter’s insurance, says the Insurance Information Institute.

2. It does not cost much. While some insurance policies cost a lot, renter’s insurance does not.

3. Your landlord may require the policy as a part of your rent.

4. It protects you from the loss of your personal property. Imagine if you had to replace every stereo component and your television all at once because they were stolen.

5. It protects your property from losses from everything from damage caused by aircraft to explosion and fire. If a volcano erupts, your things are covered. If a tornado blows through, they are covered, too. Only floods and earthquakes require a separate policy.

6. It provides you with liability coverage. If someone falls inside your apartment and gets hurt, your landlord’s property insurance does not cover it, but your renter’s insurance does.

7. Renter’s insurance covers your belongings when you travel, too. You are covered from loss or theft and damage.

8. You could obtain a policy that also provides additional living expenses, so if your home gets damaged, too, you can pay for a place to stay.

Call Sharp Insurance & Financial Services of Ashland, KY to learn more and find the policy for you.

Why Motorcycle Insurance is a Necessity

For those that are in the Ashland, KY area, the amazing weather and nice scenery help to make it a great place to own a motorcycle. When you are the owner of a motorcycle, you likely will spend your time dreaming of spending your days on the open road. However, the motorcycle is also a very important responsibility and asset that you need to have covered by insurance. There are many reasons why motorcycle is a necessity for you. 

Legal Requirements

There are many legal reasons why you need to have motorcycle insurance at all times. One of the reasons why is because you are required by law to carry liability insurance whenever you are on the road. This will ensure that you have the ability to pay restitution if you are at fault in an accident. Additionally, you will be required by your bank to carry a full policy as long as the loan is outstanding.

Protects Your Asset

If you purchase a new motorcycle, you likely will have made a big investment in order to do so. Because of this, you will want to make sure that you properly cover it with insurance. If you have made a big investment into the motorcycle, having a collision and comprehensive insurance policy will go a long way and provide you with very valuable protection. 

Once you have started looking for a motorcycle, you should also call Sharp Insurance & Financial Services. The insurance professionals at Sharp Insurance & Financial Services could help any Ashland, KY area motorcycle owner get into the right policy for their situation. This will help to ensure that you are in compliance with all of your personal regulations and that your motorcycle is covered for any situation that could result in a loss. 

Life Insurance: What You Really Need to Know

When you’re thinking about getting a life insurance policy in the Ashlan,d KY area, there are some things you’ll want to know. You probably have questions, and you might not be sure how to get them answered. Fortunately, you can come to us at Sharp Insurance & Financial Services. We can help you find the policy that’s right for you, and make sure you’re getting the quality and value you expect from your experience with an insurance company. You want to protect your family or other loved ones in case of your demise, and life insurance is one of the very best ways to do that. Here are some things to consider.

Life insurance comes in whole and term options, both of which can be great choices. Which one of them is right for you will depend on your unique situation and goals. The level of coverage you want and need will likely vary with your life circumstances, and our trusted agents can help you decide what level of policy you’re interested in. By answering all your questions, we can help you make an informed decision on which policy will be the best one to meet your needs and give you peace of mind. That will help you feel more comfortable, and also protect the people you care about.

If you’re in the Ashland, KY area, come see us at Sharp Insurance & Financial Services. We’ll be happy to talk to you about all your life insurance policy options. We want to make sure you have the right information before you make a decision, so you don’t have regrets and your family has the protection you want for them. Little details can matter in policy, and by working with us you’ll get the policy that’s right for you.

Do Teen Drivers Make Your Policy Cost Increase?

So, your teenager just started driving and now you are searching for insurance options but are worried about how adding them to your policy will affect your premiums. This is a very common situation and naturally raises many questions about insurance coverage and the effects they will have on the arrangement. 

Adding A Teen Driver

It shouldn’t come as a surprise that teen drivers are going to make your policy premiums increase significantly. That is because teen drivers represent a much higher risk of accident due to their inexperience as a driver. If you are planning to add them to your policy there are a few things to consider first. If they have an accident, it will count against you on your policy which can impact your ability to maintain your coverage. In addition, you will also be required to pay a significantly higher premium once they are added. Over the course of time, the cost to provide coverage will decrease but expect changes in your cost and you will also assume some risk based on their driving record. Consult your insurance agent about either getting a separate policy or discuss the impact of your current policy before making a decision. 

Working With An Agent To Get Teen Coverage

If you are unsure how to proceed when it comes to getting your teen driver insurance coverage, you should consult an experienced auto insurance agent to get a better insight and learn what your different options may be in your situation. Individuals who are interested in insurance coverage for their teen in the Ashland, KY area should check out Sharp Insurance & Financial Services. They can assist you with finding policies that meet your needs as well as helping with any future claims.

Secure the insurance coverage you need for your teen driver in and around the Ashland, KY area by working with Sharp Insurance & Financial Services.  They can give you peace of mind you need to keep your teen driver safe on the road. 

How commercial insurance can protect an Ashland business owner.

For those that are looking to own a small business, starting one in Ashland, KY can be a great option. This city is very well known for having a great local economy and provides plenty of opportunities. While there are a lot of opportunities that come with owning a small business in this area, there are also plenty of risks that need to be considered. One great way to help mitigate some of these risks is by getting a commercial insurance policy.

Limits Liability Concerns

 One way that a commercial insurance policy can help a business is by limiting professional and general liability concerns. Any time that you sell a product or service, you are taking on some risk of liability. Since this could be a substantial expense in some situations, getting an insurance policy is a practical necessity. Your insurance company will provide you with financial protection and other forms of support during a liability claim.

Covers Assets

When you have commercial insurance, you also will receive protection for your insights that are covered by the policy. Business owners in Ashland need to spend some money investing in inventory, equipment, and other assets. Due to the importance of these assets, you need to make sure they are properly covered by insurance. A commercial insurance policy will provide you with production for these assets.

Whenever you are looking to better protect your business in Ashland, KY, you should contact Sharp Insurance & Financial Services. The insurance professionals at Sharp Insurance & Financial Services are very knowledgeable about all of the challenges that small businesses have to deal with. They can then help you build a commercial insurance policy that will help to protect your business and mitigate these risks.

Don’t Forget About Your Workshop When Considering Your Home Insurance Options

Home insurance typically covers all structures on your property in addition to your family home. If you have a substantial workshop that houses a lot of materials and tools, you may want to take a second look at your policy. Homeowners in the greater Ashland, KY area rely on the team at Sharp Insurance & Financial Services for expert information about the policy options that are available to them. If you have items of significant value stored in your workshop it’s worth taking a second look at your coverage limits and levels on your current policy.

Workshops Need Coverage Too

Even though most outside structures are covered on typical homeowners policies, it never hurts to make sure that all of your valuables are protected. Primary policies often have coverage limits that may make it difficult for you to repair and replace all of your belongings in the event of a total loss. Many people undervalue their tools and equipment that they store in their workshops or sheds. Now is a great time to sit down with an experienced local agent and review your current policy. Homeowners often find that the value of their items has increased substantially since the time when they bought their initial policy. Don’t be caught with inadequate protection if you experience a loss. Homeowners policy riders can include additional coverage for valuable items and those that may be difficult to replace.

The team at Sharp Insurance & Financial Services recommends that our clients undergo a regular policy review to ensure that they have the protection they need. If you are in the greater Ashland, KY area and want to learn more about your insurance coverage options, contact us today. We look forward to working with you!

Successful Business Planning with Commercial Insurance

Business leaders planning for success often know the benefits of building relationships.  Plans for the right protection may include commercial auto insurance and steps for preparing as you arrange for new hiring.  Effective leadership is known to include planning for profitability and customer satisfaction. 

Smart Business Planning

Delivering products and services effectively is a smart plan for successful growth.  Having the right plans for comprehensive commercial insurance can be a simple way to protect your business offerings.  The professionals at Sharp Insurance & Financial Services can assist you in finding the commercial insurance that works for your business.  Serving Ashland, KY the company can applaud your successful business planning and work through the right insurance for your situation.   The trained staff can also outline the options for any properties you have involved with your business activities.  Smart planning is a good way to prepare for your company’s success.

Commercial Insurance is Helpful for a Business

Working closely with the trained staff from a commercial insurance company can help you through the planning process.  Successful business planning could include an understanding of insurance for products, services, or both.  Storage and production of products are considerations for conversations with a qualified insurance company.  Smart planning would be to consider umbrella insurance and general liability coverages.  Service companies should also look at commercial insurance and be pleased with a strong relationship they have built with the agency.  Experienced agents at Sharp Insurance & Financial Services can offer advice for planning and also go through the details of commercial insurance.  The agency is experienced helping businesses in the Ashland, KY area and through it licensed agents, is ready to assist you with any business planning for insurance.  Plan for success and contact this insurance agency for more information.


First time homeowners and insurance

Buying your first home is exciting, and it is important to make sure your biggest investment is safe, protected by the right insurance coverage. Let the professionals at Sharp Insurance & Financial Services in Ashland, KY help you find the best policy for your situation in your new home.

When you get your mortgage, some insurance may be included to protect the lender.  It is good to know what exactly is in this policy and see if it gives you all the coverage you want. It may only cover the structure, for instance.

One important concept to understand is replacement cost and market value. You need to get insurance for replacement cost, which may be different and is lower in many cases.  When talking about the contents, replacement cost is almost always better than market value 

There is dwelling coverage for the house itself, as well as attached structures like a garage. Other separate buildings, like a shed, are a different part of the policy. Personal property coverage is coverage on the contents, like furniture, electronics, appliances and so forth.

Additional living expense coverage would cover you if you had to stay somewhere else after a house fire or were unable to stay in your house for some reason. There is also liability coverage, which protects you if someone gets hurt on your property.

Stop by or call Sharp Insurance & Financial services today in Ashland, KY. we can explain all the details of homeowners insurance and set your mind at ease as you protect your property. We can explain all your options and help you find the best policy for your situation. The best is not always the most expensive. The key is to find a balance in getting the best policy for you as an individual.

What Exactly Is Covered By Commercial Insurance?

Your business in Ashland, KY needs to have commercial insurance. An accident or disaster can happen at any time. If you’re not prepared, you could end up spending thousands of dollars to make repairs or cover injuries.

Commercial insurance can vary significantly from policy to policy. Generally, it covers liability. This includes what would happen if someone were to injure themselves on your property as well as if one of your employees damages the property of someone else. Beyond liability, there may not be anything else covered by your commercial insurance policy.

At Sharp Insurance & Financial Services, we help businesses to find the right protection. We can talk to you about commercial auto insurance, commercial property insurance, and even business interruption insurance. This means that you can be covered against more situations that may impact your business.

If there is a fire inside your property, you have to look at various aspects. It may damage your commercial property, eliminate your product inventory, and prevent your business from opening for several weeks. If you file an insurance claim, you want to make sure that everything will be taken care of. However, the insurance company will only provide coverage in the areas where you actually have coverage. It is why it is so critical to have a comprehensive commercial insurance policy.

It doesn’t have to be expensive, either. One of the biggest reasons why many businesses lack the necessary insurance is because they make assumptions on premium costs. However, it is going to be better to have more coverage than not enough.

There are plenty of ways for you to protect your business in Ashland, KY. Be sure to contact us at Sharp Insurance & Financial Services to learn about how commercial insurance can be customized to meet the individual needs of your business.


Ways to insure your newly refinanced home

When you refinance your home, there are a few ways in which this can affect your home insurance. Typically, a homeowner will choose to refinance when he or she holds certain equity on the home….which is essentially the current value of the home but can increase (or ‘appreciate’) over a certain period of time, in turn….minus the current balance of the mortgage that you still need to pay off. And when you refinance, you’re basically just getting a brand – new mortgage with the goal of reducing the current monthly payments, getting cash out of the home for a bigger, planned purchase, or simply switching between lending companies (as the interest rates or other terms of another may become more appealing, making you an offer you cannot pass up on). You might even decide to change between home insurance providers, opting in for one that better suits your present need.

Also, keep in mind that, when refinancing the home, the mortgage holder, bank or other lending entity will ask that you have your home’s current value newly re – ssessed, just as if the home was currently on sale. And as such, a properly licensed agent will thus appraise the home from every angle to more properly diagnose its actual current valye, regardless of the "stated value" listed when you first signed the mortgage. And naturally, as follows, any and all changes within the home’s value will thus correlate with your home insurance costs; and whatever that final price tag looks like, get at least the MEC or Minimum Essential Coverage if you can afford nothing more. This’ll insure your home. And consider this before refinancing.

Sharp Insurance & Financial Services sells insurance to Ashland, KY customers. They love what they do. Give them a call. Let them help you.