How Does Trucking Insurance Work from The Owens Agency LLC

Posted on by agentinsure

Maximizing Efficiency with Reliable Trucking Insurance

Considered the backbone of the American economy, the trucking industry plays a crucial role in ensuring the efficient transportation of goods across long distances. However, such a robust industry also brings great responsibility in terms of protecting drivers and businesses from potential on-road risks. At the Owens Agency LLC in Waldron, AR, we offer a diverse range of coverage options and can explain trucking insurance requirements.

The Mechanics of Trucking Insurance

Trucking insurance has foundational components similar to auto insurance. It typically includes liability coverage, physical damage coverage, cargo protection, and more. Liability coverage defends trucking companies from the financial implications of accidents that result in property damage or bodily injury to others. Physical damage coverage offers protection for the truck itself in cases of collisions or other incidents, while cargo protection covers the transported goods in cases of damage during transit.

Customized Coverages

In addition to these basic coverages, trucking insurance may offer unique options such as non-trucking liability (bobtail insurance), motortruck cargo insurance, and driver occupational accident coverage. These specialized solutions address trucking businesses’ specific risks, ensuring thorough protection.

At the Owens Agency LLC, we forge close relationships with our clients to comprehend their distinctive requirements and recommend the right blend of coverage. Our experienced agents are committed to assisting trucking companies in navigating the intricacies of insurance, providing optimal protection against potential threats.

Your Trusted Partner for Trucking Insurance Coverage

Owens Agency LLC is your go-to agency for trucking insurance in Waldron, AR. Our customer-friendly team can answer any queries about initiating a new policy. Contact us today to learn more about trucking insurance and kick-start your new policy.

Does Homeowner Insurance Cover My Expensive Jewelry?

Posted on by agentinsure

Understanding the Intricacies of Jewelry Coverage under Homeowners Insurance

If you have valuable jewelry at home, it’s natural to question whether your homeowner’s insurance covers it. At The Owens Agency LLC, serving Waldron, AR, we’re happy to answer your queries regarding coverage under your homeowner’s insurance. Here’s what you need to know.

Homeowners Insurance and Your Jewelry

Most homeowners insurance policies cover jewelry, but there’s usually a limit to the amount they’ll pay for it. If you own an expensive item of jewelry or several high-priced pieces, your regular homeowner’s insurance policy may not provide enough coverage for these items in case of a loss.

How to Maximize Your Coverage

If you own expensive pieces that need to be insured, you have several options:

  • Increase the coverage of your homeowner’s insurance policy: Speak with your insurance agent to see if you can add additional coverage specifically for your jewelry.
  • Get a personal articles floater: This is a separate policy that provides additional coverage for high-value items such as jewelry.
  • Get jewelry insurance: This is a specialized insurance providing coverage specifically for jewelry. If you have several expensive pieces, jewelry insurance may be the best way to safeguard them.

At The Owens Agency LLC, serving Waldron, AR, we’re happy to guide you on how your homeowner’s insurance policy protects your valuable items. Reach out today for more information.

Does auto insurance cover the car or the driver in Waldron, AR?

Posted on by agentinsure

Every Arkansas driver must carry at least two different kinds of auto insurance: property damage liability and personal injury liability. If a driver is responsible for causing an accident, insurance will pay for the damages and injuries.

Whether your insurance will cover those you lend your vehicle to can be confusing. Does auto insurance in Arkansas follow the driver or the car? The Owens Agency LLC can answer all your auto insurance questions and help make sure you are protected in the event of an accident.

Insurance Usually Covers the Car In Arkansas

That means that as long as the vehicle is insured, the driver probably will be, too. If you have insurance on your vehicle and lend it to your friend, your friend will have coverage in case of an accident. If your insurance doesn’t cover all the damages, your friend’s insurance may be able to pay the difference.

There Are Still Risks

You may be on the hook if there is not enough coverage to pay for the accident. If you do not have collision and comprehensive coverage, you may need to pay for your vehicle’s damages.

Contact Us For More Information

You need to be able to prove that you have insurance coverage if you are ever involved in an accident, even if you were not at fault. Failure to provide proof of financial responsibility can result in fines, license suspension, registration suspension, and jail time. 

The Owens Agency LLC can help you ensure you have the coverage you need for yourself and anyone who borrows your vehicle. If you live in Waldron, AR, please feel free to contact us today.

Three Things to Look For When Shopping for Trucking Insurance

Posted on by agentinsure

Before you can drive a truck for your profession, you first have to find the right trucking insurance for your needs. At The Owens Agency LLC, serving Waldron, AR, we help truck drivers like you find the right insurance to help keep your trucking business running smoothly. It’s vital to find the right trucking insurance. Without it, your trucking business could face financial difficulty. 

1. Physical Damage Coverage

Physical damage coverage pays to replace or repair your trucking equipment if it is stolen or damaged in an accident. This is essential coverage because accidents can happen, and sometimes, those accidents can be costly and difficult to repair. Physical damage coverage can keep your business functioning if a covered event occurs. 

2. Trucking Liability Coverage

If your truck damages someone else’s vehicle while you’re on the road, your trucking liability coverage will help repair or replace damages to the other vehicle. Trucking liability coverage can protect you from the liability of making hundreds or thousands of dollars in repairs if you’re found at fault for an accident on the road. 

3. The Right Insurance Carrier

In addition to finding the right trucking insurance policy, finding a suitable insurance carrier is important. Look for an insurance carrier that offers good customer service and expertise in trucking insurance. Your insurance agent should respond to questions quickly and with accuracy. You should feel comfortable asking your insurance agent questions and should also feel like your insurance agent has your best interests in mind. 

The Owens Agency LLC, serving Waldron, AR, can help you find a good trucking policy for your trucking business. Call today to learn more about trucking insurance. 

How Home Insurance Makes it Easier Get a Mortgage

Posted on by agentinsure

Getting a mortgage is an arduous process. If it’s not one complication, it’s another. But did you know buying a home insurance policy from our agents at The Owens Agency LLC in Waldron, AR before you start your home search can help? Here are three ways home insurance makes it easier for you to get a mortgage:

  • It helps you qualify for your mortgage. Lenders require borrowers to have home insurance before they approve the loan. Having home insurance already in place can avoid any delays in the approval process. 
  • It lowers your mortgage interest rate. Lenders think borrowers without home insurance are risky, so they charge higher interest rates to offset this risk. When you come into the process with home insurance in hand, it gives the lender the impression you’re a responsible borrower. Having home insurance in place also helps you avoid paying for lender-placed insurance. This is a type of insurance your lender gets for you when you don’t have a policy. Lender-placed insurance is more expensive and less comprehensive than home insurance.
  • Home insurance protects both your investment and your lender’s interest in the property. If your home is damaged by fire, wind, or theft, home insurance pays to repair or replace it and your belongings. This saves you from defaulting on your mortgage or owing more than your house is worth. It also protects the lender from losing money if they have to foreclose on your home.

Home insurance makes it easier to get a mortgage because it provides tangible proof of your dedication to the homebuying process. Contact our talented and knowledgeable agents at The Owens Agency LLC today for more information, or visit our website to learn more about what we can do for you.

How can I be protected with my Arkansas auto insurance plan?

Posted on by agentinsure

If you own a car in the Waldron, AR area, you will want to know that you are protected and following all rules and regulations as well as possible. A great way this can be done is by getting the right insurance plan. You can be protected in many ways with a proper auto insurance plan for your car. 

Ensure the Car is Protected

Many people will want to get an auto insurance plan here to ensure their car is protected. A car or other vehicle tends to be expensive and vital. If you choose to get an auto insurance plan, it will provide the coverage you need to replace or repair your car if it is damaged in an accident or stolen. 

Minimize Liability Risks

Having an auto insurance policy can also be a smart option as you can reduce your liability risks. There will always be liability risks that come with driving a car. If you cause an accident, you will need to cover damages. Fortunately, you can mitigate this risk with an auto insurance plan, as it will provide liability coverage. This can help cover damages to a vehicle and other property and medical bills. 

You will always want to know that you are adequately covered with auto insurance in the Waldron, AR area. If you want a plan in this area, calling our team with The Owens Agency LLC. would be smart. Our insurance team with The Owens Agency LLC knows the value of this coverage and will offer any guidance you need to build your ideal auto plan to protect yourself and your car.

Why You Need Trucking Insurance to Cover Your Truck When You Aren’t Hauling a Load

Posted on by agentinsure

Truckers purchase policies to create a policy package, but many miss the need for bobtail and non-trucking liability insurance. In this blog, The Owens Agency LLC explains what both of those policies do for truckers in Waldron, AR.

Bobtail Insurance

A bobtail policy, also called a deadheading policy, refers to insurance that covers the driver’s liability when driving without a trailer attached. This could mean the driver dropped off a load or has yet to pick one up. For it to apply, the driver must be actively on the clock but between hauls.

Non-trucking Liability

Although non-trucking liability sometimes gets called bobtail insurance, they refer to two different things. A non-trucking situation refers to any personal use of a commercial vehicle. It includes driving with or without a trailer attached. In a non-trucking situation, a driver might have dropped off their load and headed to the grocery store for food or their child’s school to pick them up.

Independent and Employee Truckers Need Coverage

Because both situations refer to a time between active work, other truck policies do not apply. A trucking company’s liability insurance only covers its drivers and rigs while actively used for work purposes. If you drive a tractor-trailer (semi-truck) or other big rig vehicle, you need these two policies to cover your liability completely.

Contact The Owens Agency For Trucking Insurance

Don’t drive another mile without bobtail and non-trucking liability coverages. Contact The Owens Agency LLC to purchase the liability coverage you need. Let us help you adequately protect your business risk by reviewing your policy.

How to Select the Right Home Insurance Coverage

Posted on by agentinsure

Selecting the right home insurance can be a challenge. However, you can count on The Owens Agency LLC experts to provide the Waldron, AR residents with quality policy options that meet their needs. Contact us today to find out how we can help match you with how to quit coverage to protect you from risk.

Choosing Home Insurance

Choosing home insurance is much easier when you have a professional insurance agent to assist you. Our team of professionals is highly knowledgeable and knows how to gather the detailed information necessary to present you with policy options that match your current and Future needs.

We aim to provide complete coverage without gaps that can cause potential losses. We sit with each customer to gather detailed information about their coverage needs. Once we obtain the information necessary to make recommendations, we will explain the terms and conditions of each policy to help ensure the customer makes the best decision.

Once a policy is chosen, we will assist with documentation and information submission to acquire the policy quickly. We will also assist with any changes to the policy during its lifetime. If there’s a claim, we can also help with the process to expedite things so that you can get back to normal.

Find Out More 

At The Owens Agency LLC, we are committed to assisting the residents of the Waldron, AR area by selecting top-quality insurance products that offer protection and flexibility. If you would like to learn more about policy options that work best for your specific needs, please call or stop by our office to schedule a consultation with one of our insurance agents.

Why basic auto insurance may not be the right choice for you

Posted on by agentinsure

When choosing your auto insurance, cost is always an issue. But, it is essential to understand that by choosing basic auto insurance, you may not get the coverage you require to protect yourself. The Owens Agency LLC in Waldron, AR is an independent insurance agency that provides the necessary service. 

Basic auto insurance in Arkansas

In Arkansas, drivers are required to carry liability coverage. The basic amount mandated is 25/50/25. This is $25,000 for injuries to one person in an accident. If more than one person is injured, the total is $50,000. Personal property must be covered for $25,000. With the current emergency and hospital care cost, this could be very inadequate. 

Basic insurance will not be enough for those who have an auto loan or are leasing. You will have to protect the vehicle itself. This requires having insurance on the car in the form of collision and comprehensive. 

Protecting your vehicle

For most people, your vehicle is vital to your everyday life, and ensuring it is covered for damage means that it can be repaired. If your car is old and has little value, then basic insurance may be the right choice for you, but for most people, it isn’t. Collision coverage protects your vehicle if it is damaged in an accident you are responsible for or by a hit and run. Comprehensive coverage protects from theft, vandalism, and various weather events, including hail, high wind, floods, and collision with a deer or other large animal. 

Contact The Owens Agency LLC in Waldron, AR when you are in need of auto insurance and advice. Stop by our office, or give us a call to get a no-obligation quote. 

 

Trucking Insurance: What It Is and What It Isn’t

Posted on by agentinsure

Owning a trucking company in Waldron, AR isn’t always easy, and finding the right insurance policy only complicates matters. When shopping for trucking insurance, there’s a whole host of factors you must consider that aren’t present when buying insurance for your personal vehicle. Combine that with all of the terminology and coverage variations, and you have a daunting task on your hands.

At The Owens Agency LLC, we understand your unique position. That’s why we’ve created this brief guide to the different types of trucking insurance.

What Trucking Insurance Can Cover

No matter what aspects of your business you need coverage for, there’s likely a policy out there for you. But how do you know what you need to be covered? First, you’ll need to know what kinds of coverage the state requires. Then, you can look at the other types of coverage offered and see what applies to your company. Remember that the minimum cover required by the state likely won’t protect your livelihood in the event of a serious accident.

Standard coverage, such as primary and general liability, covers damage to others’ property or injuries and risks like slips and falls at your office, respectively. You’ll also likely want a policy that covers damage to your truck during an accident and the goods that the truck is hauling, medical bills that you or your driver may have, and a borrowed trailer so you can maintain operations. Additional bobtail insurance may be useful if you or your driver(s) often drive the truck without a trailer attached.

Protect Your Trucking Company With Help From The Owens Agency LLC

If you’re looking for the right mix of coverage and premiums to keep your company on the road, we can help. We can provide you with the freedom to choose the exact coverage you need. Give us a call today at 479-637-2207.