Tips to Keep You Safe on the Water This Summer

Posted on May 19, 2023May 16, 2023 by admin

With summer fast approaching, it’s important for Kansas City, MO residents to take the time to ensure they have the information they need to stay safe while boating. Those of us here at the Rich Insurance Agency LLC would like to share with you our top tips for summer boat safety.

Tips to Keep You Safe on the Water This Summer

Keep Safety Equipment Onboard

One of the best things you can do to stay safe on the open water is to ensure that you have the appropriate gear aboard your boat. Equally as important, take a moment to make sure your passengers know what equipment is available and where you keep it. This includes things like life jackets, buoys, and flares.

Drink Responsibly

Just as you would never drink and drive your car, you should never consume alcohol while behind the wheel of your boat. If you plan to drink on the water, be sure that there is a designated person that will remain sober and is able to drive the boat back to the dock at the end of the day.

Make Sure You Have the Right Insurance Coverage

Should an accident occur while on the water, it’s vital that you have a boat insurance policy in place. Similar to car insurance, this will help to repair or replace your boat after an accident and may even help cover other damages and injuries caused by the crash.

Need to Insure Your Boat? Call the Rich Insurance Agency LLC Today!

If you live in the Kansas City, MO area and are looking for the boat insurance policy that’s right for you, our team can help! We can do the leg work for you by comparing plans and pricing so you can get back to enjoying your boat faster. Contact us today to get started!

Creating and storing a home inventory

Posted on April 11, 2023April 28, 2023 by admin

Creating a home inventory takes a lot of time and patience, but in the end, if you ever file a claim, you will be very glad that you made it. It can help to cut the paperwork, and the time it takes to get your claim resolved. At Rich Insurance Agency LLC in Kansas City, MO, we aim to make getting your home insurance a pleasant experience, and we have years of expertise that we are happy to share.

Home Inventory: The Basics

Choose any room in your home, to begin with. Use a pad and pen to write down everything that you see. Inventory what is on the walls, on the floor, in the cabinets, and in the drawers. Open everything and write down in as much detail as possible what you see. Include brand names, models, and serial numbers if applicable. The more detail the better. If you have antiques, expensive jewelry, and lots of electronics, you may want to get an appraisal to verify the value.

Do the same thing in every room, opening closets, etc. to inventory the contents. When all the rooms are completed, head to the basement and the attic. Throughout your home, take photos of the rooms and the bigger, more costly items.

When you are finished, it’s time to find a safe place to store this important document. If you have a safe deposit box, that is ideal. If not, a fire-proof water-resistant container will do the job. No matter which you choose, be sure to put a copy in the cloud so that, no matter what happens, your inventory will survive.

Reach Out To Us!

No one wants to think about bad things happening, but it is better to be prepared for the worst. Give our office a call at Rich Insurance Agency LLC in Kansas City, MO for all your insurance needs.

Why You Should Review Your Auto Insurance Policy Annually

Posted on March 27, 2023March 29, 2023 by admin

Most insurance and financial experts advise individuals to review their auto insurance policy annually. Here at Rich Insurance Agency LLC, providing residents in Kansas City, MO with auto insurance policies, we are often asked why this is recommended.

Here are some common reasons why to review your auto insurance policy every single year:

Reviewing Your Policy Helps to Ensure That Your Coverage Limits Still Meet Your Needs

One of the reasons why you should review your auto insurance policy annually is because reviewing your policy is the best way to ensure that your coverage limits still meet your needs. As your car ages, you may wish to drop coverage, or as medical costs increase, you may wish to increase medical coverage limits on your policy. Reviewing your policy annually ensures that your policy meets your needs today just as much as your policy did a year ago.

Reviewing Your Policy May Help You to Find Ways You Can Save Money

Another benefit to reviewing your auto insurance policy every year is that you may find ways to save money. You may notice that you have an old address listed on your policy, and updating it may help you save money. You may also notice that your policy does not list you as being married or shows your driveway more miles per year than you do. Having the correct and up-to-date information on your policy may help you to save money.

In addition to reviewing your auto insurance policy every year, it is also recommended that you briefly compare auto insurance prices to see if you are paying a fair rate for your auto insurance coverage.

Reach Out To Us

If you are looking for a new policy or just want to compare rates in the greater Kansas City, MO area, the team at Rich Insurance Agency LLC would love to assist you. Call us today to obtain an estimate for auto insurance.

Boat Insurance – Protection for Your Summer Fun

Posted on February 8, 2023February 8, 2023 by admin

Are you a boating enthusiast? Do you live in the Kansas City, MO area? If so, Rich Insurance Agency LLC can provide the insurance coverage necessary to keep your boat or watercraft protected.

Why Boat Insurance

Even though you probably won’t use your boat for the entire year, it is a good idea to keep it insured year-round. While it is in storage, it will be protected against theft, hail damage, or any other covered hazard. When you are ready to get back on the water, you will not need to reactivate your policy.

There are two basic types of boat insurance coverage – actual cash value and agreed value. How the depreciation is handled determines which type of policy is written.

An agreed value policy will cover the boat based on its value when the policy is written.
An actual cash value policy costs less initially, but factors in depreciation. The policy will reimburse up to the actual cash value of the boat at the time it is declared a partial or total loss.

Your homeowner’s insurance policy will cover your watercraft, but only on a very limited basis, with lower limits and many liability restrictions. In order to adequately protect your boat, a separate insurance policy is recommended.

There are some things that a boat insurance policy will not cover, such as wear and tear or corrosion, damage caused by mold or animals, such as birds, insects, and rodents, mechanical breakdown, and lack of maintenance.

Give Us A Call

If you are a boat owner and live in Kansas City, MO, make sure your boat or watercraft is properly insured. Rich Insurance Agency LLC can provide a quote or answer any questions you may have. Contact us today. You will be glad you did.

Protect Your Most Valuable Asset with Home Insurance

Posted on January 31, 2023January 31, 2023 by admin

Are you a homeowner in the Kansas City, MO area? If so, make sure your most important asset is well protected with homeowners’ insurance. Our team of insurance experts at the Rich Insurance Agency LLC serves the people of Missouri by providing insurance protection for all their needs.

Why Home Insurance?

The level of coverage is one of the most important parts of this coverage. The most common level of coverage is HO-2, which is a broad policy that offers protection against 16 perils listed in the policy. An experienced insurance professional will make sure you are not paying for more coverage than you need.

Here are some things you need to know and understand about homeowners insurance coverage.

Know about any exclusions to the coverage. Most insurance policies do not cover earthquake or flood damage, for example.
Know the dollar limitations on claims
Know the replacement cost of your home
Know the actual cash value of your home
Know the amount of liability coverage

Homeowners insurance protection is necessary because it protects the home and personal property of the homeowner. Insurance becomes the primary source of rebuilding funds in the event of a total loss. It will also provide the liability coverage necessary in the event of any legal action resulting from injuries or damage from someone else on their property.

If you wonder how much homeowners insurance you need, it has to be enough to cover the cost of rebuilding your home if it is destroyed. For your personal property, make sure you have coverage limits that are at least 50% of the dwelling coverage amount. Your liability limits should be high enough to cover all your assets.