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Anthony Lancaster Insurance, Inc Blog

What Are the Different Types of Flood Insurance?

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Even though flood insurance is not legally required in Tennessee, a mortgage lender might require homeowners to carry this type of insurance. There are different types of flood insurance you’ll want to consider and important reasons to make sure you carry adequate insurance in case of flooding.

The Different Types of Flood Insurance

There is government flood insurance and private flood insurance available in Memphis, TN.

Government Flood Insurance: The federal government provides flood insurance through the National Flood Insurance Program (NFIP). This is also sometimes referred to as FEMA insurance. NFIP generally offers two types of coverage: building property coverage and personal property coverage. It’s important to note that government insurance is subject to a variety of regulations and restrictions that don’t apply to private insurance.

Private Flood Insurance: Increasingly, flood insurance is being provided by private companies. Private flood insurance is a great alternative to government options for several reasons. Private flood insurance is often less expensive and will sometimes provide more benefits. For example, some private insurance will offer higher levels of protection and additional coverage that NFIP doesn’t offer.

Why You Might Need This Type of Insurance

Tennessee has a lot of rivers. In fact, there are over 60,000 miles of rivers, creeks, and streams in the state. There is a great potential for flooding. The fact that most homeowner insurance policies do not cover flooding, makes it crucial to find adequate flood insurance.

Anthony Lancaster Insurance Inc. in Memphis TN

We can help you find the right flood insurance policy that meets your specific needs. We provide a wide range of insurance needs for our customers. Contact us at Anthony Lancaster Insurance Inc. so we can work on making sure you’re covered!

Four ways your life insurance policy can ensure financial security for your family

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Life insurance is an important financial product to purchase if you are a head of household with dependents who rely on you for financial support. You can purchase a life insurance policy in Memphis, TN from Anthony Lancaster Insurance Inc.

The following are four ways your life insurance policy can ensure financial security for your family:

Life insurance provides financial support that can replace the policyholder’s income.

Your beneficiaries rely on your income. If you pass away unexpectedly, life insurance can replace your income and cover living expenses for your dependents. 

Life insurance covers funeral and burial costs for the policyholder.

Consumers shouldn’t underestimate how expensive it is to pay for funeral and burial costs. Fortunately, life insurance can cover these costs so that your surviving loved ones don’t have to pay them out of their own pocket. 

Life insurance can cover any estate tax costs.

Estate taxes can be costly and significantly reduce the value of the assets that you are able to pass on to your beneficiaries. Life insurance can pay for estate taxes so that you’re able to leave all of your assets to your surviving loved ones in your will. 

Having life insurance can ensure that surviving family members won’t lose their family home.

Without your income, it might be impossible for your surviving dependents to pay the mortgage and real estate taxes on your family’s home. However, life insurance can provide your dependents with the funds they need to keep your family’s home after you pass away. 

Schedule A Consultation Today

At Anthony Lancaster Insurance Inc, we’re here to answer any life insurance questions you have. Consumers in Memphis TN can call us today for a life insurance policy quote. 

How renters insurance can help you survive a natural disaster

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Natural disasters are on the rise all over the country. Being prepared to survive a natural disaster means not only preparing your rental the best you can but also protecting your possessions. At Anthony Lancaster Insurance Inc. in Memphis, TN, we offer a variety of different rental insurance policies to help you have financial security. If you are thinking you can save a little money by not having this valuable coverage, that is a mistake. 

Your possessions

Imagine losing everything that is in your rental to a tornado, hurricane, or wildfire. You may think that your landlord or management company has insurance that will protect you, but they don’t. They have insurance that will protect them, not you. So the building is covered but not what you own. If you lost all of your clothing, furniture, electronics, and appliances how would you cope? Do you have the money it would take to replace it all at one time? If you are like most people, it would be difficult. 

Loss of use

If your rental is damaged or destroyed by a natural disaster, where would you go? Do you have a place to stay while you look for a new rental or for your rental to be repaired? This can be expensive and finding a short-term rental can be challenging. If you have renters insurance, you will be able to stay at a hotel in the short term, and it will help pay for a temporary rental while you try to find a new place to live. 

Liability coverage

If someone is injured at your rental or by a member of your family, this insurance will help you to pay any damages and legal fees. 

Schedule A Consultation Today

Contact the office of Anthony Lancaster Insurance Inc. in Memphis, TN to discuss your rental insurance needs. 

Oh, Deer!

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What North American animal causes the most deaths per year? It’s not the grizzly bear. It’s not the great white shark. It’s the deer! Gentle as these herbivores appear, Bambi causes an average of 200 fatalities per year from vehicular collisions. With fall coming, the chances of hitting a deer are going to start rising. Fortunately, deer can’t sue for damages. Unfortunately, you can’t sue them for damages either. So what can you do? 

What To Do If You Hit a Deer

If it is at all possible, move your car off the road and put on the emergency flashers. Call 911 and tell them where you are and what happened. Take photos and videos of the accident scene. Don’t touch the deer. It may only be stunned or injured and may lash out in fear. Those hooves and antlers can hurt! Game wardens and other authorities will take responsibility for it. Pretty sure it’s dead, and you’ve got a taste for venison? Only if you’ve got a permit. Check your car to be sure that it’s safe to drive before you go. The police might be able to help you out here. Send the documentation to your insurance agent as quickly as possible. If your vehicle needs repairs, get it done in a body shop approved of by your insurance. 

How Not to Hit a Deer

This can be tricky. Deer move quickly and freeze if startled. They are crepuscular creatures and so will be out when visibility is already low. And they don’t wear reflectors! Though it may seem counterintuitive, do not swerve if you see a deer. This can make you lose control of the vehicle. Do try to slow down, though.

Anthony Lancaster Insurance Inc. Serving Memphis, TN 

If you need auto insurance in the Memphis, TN area, contact Anthony Lancaster Insurance Inc. We will get you a fair settlement. 

Does Your Motorcycle Policy Protect You From Theft and Vandalism?

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If you’re a motorcycle owner in Memphis, TN or the surrounding area, you can count on the team at Anthony Lancaster Insurance Inc. for all of your insurance needs. Contact our office today to learn more.

Benefits of Comprehensive Motorcycle Insurance

The main benefit of a comprehensive bike policy is the expanded coverage that it provides. Your bike will be covered in the event of theft or vandalism depending on the policy. There are more benefits including increased medical and liability coverage levels. In many cases, the minimum state requirements are insufficient. If you want to make sure that you have the protection you and your bike need, take a closer look at a comprehensive policy. Now’s a perfect time to sit down with your local agent to determine if you have adequate insurance coverage for your needs.

Before you find out that you don’t have the coverage you need, take the time to fully review your current policy. If there are areas of confusion or if you’re just not sure if the policy is right for you, turn to the professionals. There’s no reason to have insurance that doesn’t fully protect you. There are many options when it comes to comprehensive bike policies with one that’s sure to be right for you and your budget. Find out more today about the available options, the coverage they provide, and if they’re right for your needs.

Give us a call today to learn more!

Anthony Lancaster Insurance Inc. is proud to serve the insurance needs of the Memphis, TN community. If it’s time to upgrade your motorcycle insurance to a more comprehensive policy, we’re here to help. Give us a call or stop by the office today to find out more!

5 Questions to Ask When Looking for Boat Insurance

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Knowing which questions to ask when you explore boat coverage options can help ensure you get the best boat coverage for your needs. Anthony Lancaster Insurance Inc, serving the Memphis, TN community, is here to help!

Do I need boat insurance?

Most states require you to carry liability insurance on your boat, but many boat owners choose to carry additional coverage to protect their investment. At Anthony Lancaster Insurance Inc, we can help you secure coverage that meets both state laws and your own personal requirements. 

Does this policy cover my personal property?

It’s common to accumulate costly personal property on your boat that faces the same risks as your boat: theft, accident, or water damage, for example. Understanding whether your personal property – like depth finders, fish finders, life vests, and inflatables – is covered or not will help ensure you’re comparing apples to apples as you consider different plan options. 

How is my boat trailer covered?

It’s important to discuss the liability associated with towing a boat trailer. This typically falls under your auto insurance, and an experienced agent can help ensure your policy covers any liability you might incur while towing your boat. 

Does this policy cover roadside assistance?

Knowing whether a policy covers roadside assistance helps you compare plans side by side. Roadside assistance can help if you break down and need to be towed off the water.

Do I need umbrella insurance?

If you often host others on your boat, pull intertubes or skiers behind your boat, or own a luxury boat, you may need umbrella insurance. We can help you determine whether umbrella insurance is necessary for your unique situation. 

Reach Out To Us

Get your boat insurance quote at Anthony Lancaster Insurance Inc in Memphis, TN today!

Does homeowners insurance cover floods?

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Homeowners insurance from Anthony Lancaster Insurance Inc may provide some coverage for flooding, but it is important to understand the specifics of your policy and any potential limitations.

Flooding is a common cause of property damage in many parts of the world, including here in the Memphis, TN area, and it can be expensive to repair. Homeowners insurance typically does cover water damage caused by heavy rains or storms, but there are usually exclusions for flooding caused by natural disasters like hurricanes or floods. It’s also important to remember that even if you have some coverage for floods, there are often limits on the amount you can claim in damages.

When deciding whether to purchase flood insurance in addition to your homeowner’s policy, consider the risks associated with your location and any local regulations that might apply. Depending on where you live, you may be required to have flood insurance as part of your homeowner’s policy. Additionally, if you live in an area prone to flooding, purchasing additional coverage could help protect your home and other belongings from devastating losses due to a major flood event.

We Are Here To Help

Knowing the details of your coverage can help give you peace of mind that your home and belongings will be protected from any type of flooding. At Anthony Lancaster Insurance Inc, we understand that it can be difficult to navigate the different types of insurance coverage available. Our agents are here to answer your questions and help you find the coverage that best fits your specific needs.

For more information, give us a call today. We are proud to serve the Memphis, TN area and would be happy to help.

Is Life Insurance Ideal for Business Partners?

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When you think about the benefits of life insurance, most people picture providing their loved ones with financial resources should they pass away unexpectedly. However, many must realize that life insurance is also an excellent tool for protecting a business partner. Anyone in the Memphis, TN area can count on Anthony Lancaster Insurance Inc to help them understand the ins and outs of life insurance.

Life insurance Protection 

An individual may choose to purchase an insurance policy to help protect the financial interests of their business. This can be accomplished by naming your business partner as a beneficiary should something happen to you. This strategy helps ensure that a business can continue to operate without devastating financial impacts due to a business partner’s untimely death.

Our team of highly knowledgeable insurance professionals can work with each customer to help them understand the ins and outs of life insurance and determine which policy options work the best for their specific needs. They can also help them through the policy selection process and carefully explain the terms and conditions so that they are fully informed policyholders.

We carefully assess each individual’s situation and use that information to help match them with policies that provide the most benefit. We not only assist with the policy selection process, but we can also assist with any changes during the lifetime of the policy or assistance with claims. It’s all a part of our commitment to providing customers with the best life insurance solutions.

Reach Out Today 

If you would like to learn more about life insurance or any other quality insurance products we offer, we encourage you to call or stop by the office of Anthony Lancaster Insurance Inc. We are proud to provide the residents in and around the Memphis, TN area with exceptional customer service.

Why Renter’s Insurance Is Important

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Though Tennessee law doesn’t require renter’s insurance, it’s essential to understand why you would want to have it to protect you, your belongings, and your visitors. Though some landlords require it, renter’s insurance remains overlooked by many, who might assume their landlord’s insurance covers them. Anthony Lancaster Insurance Inc. can help Memphis, TN area renters navigate this important coverage.

A landlord’s property insurance will protect their house, apartment, or duplex. The renter’s insurance covers any personal property and other liabilities. To maximize your own protection, here’s why you might want to think twice before skipping it.

It Covers Personal Property Loss

Your personal property refers to items like clothing, furniture, electronics, luggage, and jewelry. Renter’s insurance protects against personal property losses from various perils, including fire, explosion, theft, and vandalism.

Personal property and belongings will also be protected if you are traveling. Even if the items are in your car or purse while you are away, the policy will apply to them.

It Covers Certain Liabilities

Standard renter’s insurance policies include liability coverage if someone gets injured in the home. The insurance will cover any court judgments and legal expenses to the policy’s limit. It will also cover medical costs for non-residents and guest injuries.

It Can Cover Additional Living Expenses

If one of the perils makes the residence uninhabitable, then the renter’s insurance can pay for temporary, additional living expenses, including food, laundry, and hotel parking. Policies vary about the amount and duration they will cover for this.

For a thorough review of what a renter’s insurance policy covers, talk to an experienced insurance professional about discounts, deductibles, and coverage limits.

We Are Here To Help!

Contact the experts at Anthony Lancaster Insurance Inc., servicing Memphis, TN for your renter’s insurance policy needs.

How to Enforce Safe Driving for Your Teen

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There are few things more worrisome for a parent than when your teenager finally gets behind the wheel. Here at Anthony Lancaster Insurance Inc, we want to help parents in Memphis, TN and the surrounding areas, prepare their teens for safe driving.

Here are some ways to enforce safe driving for your teen:

Clear Rules 

Driving is new for your teen. You can never assume that they already know anything. It is your job as the parent to very clearly outline the rules for safe driving. If you assume they already know something, and you are wrong, it could mean disaster. Not only should you clearly define the rules, but you must also frequently review the rules as well. 

Clear Consequences 

Driving is one area you cannot afford to be lenient on. When it comes to road safety, there is too much at stake for the consequences to be unclear or inconsistent. It is the nature of most teens to push boundaries and try the rules to see if there really will be a consequence for their actions.

When your teen does this with driving rules, it is your obligation as the parent to be ready for a consequence. Your teen needs to know what the consequences will be beforehand and they need to see that those consequences are followed through every single time a rule is broken. 

Clear Guidance 

The best way to ensure that your teen is safe behind the wheel is to provide them with the right amount of guidance at the right time. Every teen is different, and it is up to you as the parent to discern how much guidance your child needs to be safe. 

Reach Out To Us

If you would like to learn about auto insurance services, don’t hesitate to get in touch with us at Anthony Lancaster Insurance Inc serving Memphis, TN and the surrounding area. 

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