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Do I Really Need Flood Insurance?

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Flood insurance is required in some cases, but not everyone is required to have flood insurance. Even if it’s not required, flood insurance can still be a good idea. At Affordable Insurance Inc in Mountain Home, AR, we offer flood insurance. 

When Flood Insurance is Required 

If you have a mortgage from a federally regulated back, including FHA, or the Federal Housing Authority, or the Veterans Administration, and your home is in a high-risk area, you are required to have flood insurance. 

If you have a private mortgage, your lender may require you to carry flood insurance as well. 

If you own your own home, you aren’t required to have flood insurance. Not all lenders require flood insurance, particularly if you are outside a high-risk area. 

Should You Get Flood Insurance If Not Required To?

If you aren’t required to have flood insurance, it can be tempting to go without it. 

However, flood insurance is still a good idea. Just one inch of flooding can cause up to $25,000 worth of flood damage. 

Even if you are in a low-risk area, flooding is still a possibility. The truth is, any area can flood under the right circumstances. 

 If you can’t afford to repair the damage a flood could cause, you should get a flood policy. Floods can cause thousands of dollars of damage, and in some cases, can destroy your home. 

Give Us A Call

If you need flood insurance in Mountain Home, AR and surrounding communities, contact Affordable Insurance Inc. We are here to meet all your insurance needs, including home and auto policies. Our agents will discuss your insurance needs and help you select the best policy for your needs. 

Three things that will help you when you buy commercial insurance

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There are a few things that can really help when you buy a commercial insurance policy for your business in the Mountain Home, AR area. At Affordable Insurance Inc., we’ll come to your assistance so that you have plenty of resources to take advantage of when you buy commercial insurance.

The following are three things that will help you when you buy commercial insurance:

Doing a risk assessment

Conducting a risk assessment will help you determine what types of commercial insurance you need and how much coverage you need.

You can conduct a risk assessment to pinpoint the liabilities and potential causes of financial loss at your business. You will then be able to make more informed decisions about commercial insurance coverage for your company. 

Getting quotes from numerous providers

You should always compare costs among providers before you purchase any insurance policy. Find commercial insurance providers in your area and get quotes from them. You can compare these quotes and know you’re selecting a policy that offers value. We offer a comparative insurance quoting tool on our website for your convenience. 

Learning about the various types of commercial insurance that are available

Before you decide on your policy details, you need to understand all the types of coverage that commercial insurance entails. 

Some of the most important types of commercial insurance to carry are liability, commercial property, commercial auto, errors & omissions, and workers’ compensation insurance. You might need other types of coverage depending on your particular industry. 

Familiarize yourself with insurance types and make a list of all the types of coverage you need before you select a policy. 

Contact Us Today

Commercial insurance is critical if you want to be sure that your company will stay in good financial shape. Get a quote on a policy from Affordable Insurance Inc to find the insurance you need in Mountain Home, AR. 

Prepare Your House for Winter

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As the leaves begin to change color and fall from the trees, it’s time to start thinking about preparing your house for winter.

Preparing your Mountain Home, AR house for winter doesn’t have to be a daunting task. By taking care of a few necessary items on your list, you can rest assured that your home will be protected all season long. And if you’re looking for comprehensive coverage for your home, look no further than Affordable Insurance Inc. We’re here to help you find the right policy for your needs so you can focus on enjoying the winter months ahead worry-free!

To prepare your house for winter, take the following steps:

Check Your Gutters and Downspouts

As the temperatures drop, it’s essential to ensure your gutters and downspouts are clear of leaves and debris. Clogged gutters can cause ice dams on your roof, leading to severe damage.

Inspect Your Roof

Your roof is one of the most critical parts of your home, so it’s crucial to inspect it regularly. Look for any missing or damaged shingles and ensure no leaks. Make any necessary repairs before the winter weather hits.

Protect Your Pipes

Frozen pipes are one of the most common problems homeowners face during winter. To prevent this, ensure all exposed pipes are adequately insulated. You should also keep your thermostat set to at least 55 degrees Fahrenheit.

Update Your Home Insurance Policy

One of the most important things you can do to prepare your Mountain Home, AR home for winter is to ensure your home insurance policy is up-to-date. At Affordable Insurance Inc, we can help you find a policy that fits your needs and budget. We understand that every family is different, so we offer various coverage options. Contact us today to get started!

What types of events does rental insurance cover?

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You probably know that your rental insurance will cover you if your apartment is burglarized or damaged by a fire. Affordable Insurance Inc in Mountain Home, AR wants you to know that it can also cover you for floods, earthquakes, and even theft of personal belongings while you’re on vacation.

What types of events does rental insurance cover?

Burglary and Property Damage

If your apartment is burglarized, your rental insurance will reimburse you for the cost of any stolen items, up to your policy limit. It will also cover the cost of repairing any damage that was done to your apartment, such as a broken window or door.

Fire Damage

If a fire damages your apartment, whether it was caused by a cooking accident or something else, your rental insurance will again reimburse you for the cost of any stolen or damaged items, up to your policy limit. It will also help pay for any necessary repairs to your apartment.

Flood Damage

Even if you don’t live near a river or ocean, flash flooding can occur anywhere there is heavy rain. If your apartment is flooded, rental insurance can help pay for the cost of repairs as well as the cost of replacing any damaged or destroyed belongings.

Theft of Personal Belongings

Your rental insurance will also cover you if your personal belongings are stolen while you’re away from home on vacation. For example, if your laptop is stolen from your hotel room, your rental insurance will reimburse you for the cost of replacing it.

Contact Us Today

Renter’s insurance can cover a lot more than just damage to your apartment. If you have any questions about what does and does not fall under your policy’s coverage, be sure to contact Affordable Insurance Inc in Mountain Home, AR for more information.

How to Avoid the Most Common RV Accidents

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RV accidents are more common than you might think. There are nearly 11,000 RV accidents in the United States every year. And while most of these accidents are minor, some can be severe—even fatal. If you own an RV, Affordable Insurance Inc. in Mountain Home, AR can help you get insurance coverage and related advice. 

Here are some tips for avoiding common RV accidents:

Exhaustion

When driving an RV, exhaustion can be hazardous as it can lead to drowsy driving. Drowsy driving can cause you to fall asleep at the wheel. When driving an RV, it is essential to be alert and rested to react quickly to any potential hazards on the road. If you are feeling exhausted, pull over and take a break. You should take a break every one to two hours and try not to exceed driving for more than eight hours in a day.

High Winds

High winds are dangerous for RV drivers because they can cause the RV to tip over. High winds can also cause tree limbs and other debris to fall, damaging the RV or injuring people inside. It is best to be aware of weather conditions and refrain from driving during high or gusting winds.

Overloaded and Uneven Loads

Overloaded and uneven loads are nasty for RV drivers because they can cause the RV to lose control, tip over, or even jackknife. This is especially true if the load is not evenly distributed across the axles. Never load your RV past its limits, and ensure the weight of cargo and people is evenly distributed while traveling.

Get RV Insurance Today

Affordable Insurance Inc in Mountain Home, AR can help you get the coverage you need for your RV and everything else you value. Contact us today to learn more.

Is there an advantage of having motorcycle insurance in Arkansas?

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In the Mountain Home, AR area, owning a motorcycle can be a great idea. Not only are these fun vehicles to own and ride, but they are also efficient and give you a quick way to get around town. If you are a motorcycle owner in this part of the state, having the proper insurance for it is very important.

There are various advantages that come with having a motorcycle insurance plan:

Cover Your Asset

An important reason for anyone to get insurance for their motorcycle is so they can cover their assets. If you want to purchase and own a motorcycle, there are a lot of costs that go into the purchase and maintenance of it. If you continue to carry a full motorcycle plan, it will give the protection you need to replace and repair the motorcycle in the future if you incur a covered loss. 

Liability Risk Mitigation

It would also be a good option to have a motorcycle to reduce your risk of being liable for financial damages. There is always going to be a chance that you could cause an accident when using a motorcycle and it will be your responsibility to cover any damage associated with it. Due to this, having insurance is a necessity as it will provide the support you need to cover these claims. 

Give Us A Call

If you are going to invest in a motorcycle, you will want to know that you are purchasing an ideal plan for your situation. A great way to ensure you are making a wise choice is by calling Affordable Insurance Inc in Mountain Home, AR. The insurance pros with Affordable Insurance Inc understand how valuable and necessary this coverage is. They can then give any support you need to build a new plan to protect your motorcycle. 

What Are The Different Types of Boat Insurance?

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To find the right insurance for your watercraft, you will need to understand the major types of boat insurance options that are available to you. For consultations in Mountain Home AR, seek help from Affordable Insurance Inc.

Boat Insurance: What You Need To Know

The two major types of boat insurance are:

  • Agreed value
  • Actual cash value

Insurance with an "agreed value" insures the boat for an amount equal to its worth at the time the policy was negotiated. Policies with an "actual cash value" provide a lower premium payment up front, but their value decreases with time. 

Some types of insurance may cover rough weather, while others may cover just the occasional breakdown. Some types of insurance may cover damage done to your boat as a result of another person’s negligence, while other types of insurance may cover only the damage done to your boat as a result of your negligence. 

The most important thing to understand about boat insurance is that it’s not necessary to have it. You can get exactly the same amount of boat insurance that benefits are guaranteed, at a fraction of the cost, and still receive excellent service. 

There are also various types of property and vehicle insurance, as well as a few types of property and car share ownership. There are also various types of cruise and vacation insurance, as well as a few types of business ownership. 

Contact Us Today

To find the right insurance for your situation, you can start by determining what you need and what you can afford. If you have few credit card bills and are in the midst of a major project, then you may want to consider a cash policy. If you have a lot of travel scheduled for the year and need to be covered for the unexpected, then you may want to consider an umbrella policy. 

For more inquiries, give us a call at Affordable Insurance Inc in Mountain Home, AR.

Flood Insurance Options for Arkansas Residents

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Flood insurance is a separate insurance policy from your primary insurance policy. Here are the key facts about flood insurance and how Affordable Insurance Inc. in Mountain Home, AR can help.

What is Flood Insurance?

Flood insurance is a kind of coverage that is separate from your homeowners’ insurance policy. In most scenarios, flood insurance is not mandatory. However, if you live in a high-risk flooding area, such as Mountain Home AR, this insurance might be required. 

What Does Flood Insurance Cover?

Flood insurance is coverage for your dwelling and personal belongings in the event they are damaged by flooding. Dwelling coverage includes, but is not limited to:

  • Detached garages
  • Attached structures
  • Construction materials
  • Ranges, refrigerators, and built-in appliances (ex. central AC, garbage disposal)
  • Hot water heaters
  • Light fixtures
  • Built-in cabinets, bookcases, and cupboards
  • Awnings and canopies
  • Permanent carpeting

Flood insurance also covers personal property insurance, which includes:

  • Removable carpets
  • Washer and dryer
  • Personal belongings owned by you, your household, or guests
  • Valuable items (collectibles, artwork, jewelry) 

Other items that are covered by flood insurance include the cost of debris removal and loss-avoidance measures, such as the cost of removing property before a flood and sandbags.

What is Not Covered by Flood Insurance?

There are certain things flood insurance does not cover, such as:

  • Decks, fences, and patios
  • Additional living expenses
  • Currency, precious metals, and stock certificates
  • Swimming pools and septic tanks
  • Personal property that is stored in crawl spaces or basements
  • Cars and self-propelled vehicles

Flood Insurance Coverage Limits

Coverage limits for flood insurance that are sold through the National Flood Insurance Program (NFIP) insure a specific amount for building property coverage and a certain amount for your personal property. You can also purchase a flood insurance policy that covers only your personal property. You might be able to attain higher coverage limits with private flood insurance.

Contact Us Today

Affordable Insurance Inc. in Mountain Home, AR is here to provide you with flood insurance options that suit your needs. Contact us today to learn about the insurance services we provide.

How Condo Insurance Works

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Condos are a great way to own your own home. They require their own type of insurance that takes into account their unique parameters. When you own a condo, be sure to get condo insurance to protect yourself financially. If you need condo coverage, give us a call today at Affordable Insurance Inc in Mountain Home, AR.

Protection for Your Condo

For condo owners, the condo often represents their largest investment, and this should be protected. If an incident happens to your condo and causes it damage, your condo policy can pay for the repairs so that it’s back to normal condition soon. There are many types of incidents, such as certain disasters, that can cause major damage to your home. When damage happens from a covered incident, you are financially protected with condo insurance. 

Coverage for Your Belongings

Condo insurance also includes protection for your belongings that are in the condo. If a damaging incident happens that is covered by your policy, your condo insurance will pay for the items that were damaged or destroyed. These items can be expensive to replace, and it’s important to have this coverage just in case. 

Liability Protection

As the owner, you are likely to be liable for any accidents that happen to someone who is inside your home. This is a risk that condo owners can mitigate by having condo insurance. It includes coverage for bodily injury liability in case of an injury to a third party. This pays for the resulting medical bills as well as other costs such as lost wages. You need this coverage to prevent your own economic emergency from high medical bills. 

Condo Insurance Protection

When you own a condo and you don’t have the proper insurance policy for it, give us a call at Affordable Insurance Inc in Mountain Home, AR.

Benefits of Life Insurance in Mountain Home, AR

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With life insurance, there are a lot of benefits to be had in Mountain Home, AR. Whether you’re looking for coverage for yourself or your family, some policies can fit your needs.

Here are some benefits of life insurance:

1) Protection From Financial Hardship

If something happens to you and you have no life insurance, your loved ones may experience financial hardship. With the money from a life insurance policy, they can cover your funeral costs and any other expenses. This can help them avoid going into debt or struggling to make ends meet.

2) Peace of Mind

You can rest easy knowing that you and your loved ones are taken care of financially if something happens to you when you have life insurance. This peace of mind can be priceless. Consider that you can’t put a price tag on knowing it takes care of your family if something happens to you.

3) Retirement Planning

Many people use life insurance as part of their retirement planning. If you have a life insurance policy with a significant death benefit, you can use it to help fund your retirement. This can be a big help, especially if you don’t have saved up a lot.

4) Estate Planning

Another use for life insurance is in estate planning. If you have a life insurance policy with a significant death benefit, you can use it to help pay for your funeral costs and other estate expenses. This can be a big help for your loved ones. An Affordable Insurance Inc agent can work with you to find the right life insurance policy for your needs.

There are many benefits to having life insurance in Mountain Home, AR. If you’re looking for coverage, be sure to talk to an Affordable Insurance Inc agent. They can help you find the right policy for your needs. Call today!