Planning for the Future: How Tackett Insurance Inc. Helps Protect Your Loved Ones

Understanding the Importance of Life Insurance

Living in Memphis, TN, you’re likely busy enjoying all life offers. Regardless of your age, contemplating your own mortality is probably not on your daily agenda. While it’s a somber thought, planning for it can be the best way to protect your loved ones. At Tackett Insurance Inc., we have knowledgeable agents to guide you every step of the way.

Why Consider a Life Insurance Policy?

A life insurance policy can be for you, your significant other, your children, and all of your other loved ones. It provides financial security in the event of someone’s passing – whether that’s you or someone else in your household.

Consider what happens if someone passes away. Beyond funeral expenses, what about the financial support that the individual provided?

A life insurance policy ensures that your loved ones are taken care of when you pass.

Customizing Your Life Insurance Policy

There are many ways to customize a life insurance policy. You can determine its duration as well as its value.

You can use a policy to cover:

  • Funeral expenses
  • Medical bills
  • Mortgage
  • Car loans
  • Credit card debt
  • Children’s tuition costs

Having a policy ensures that the future of your loved ones isn’t thrown off course because of a loss.

Start Planning Today

Discussing a life insurance policy can be difficult because it is only payable upon someone’s death. However, at Tackett Insurance Inc., our goal is to make the discussion easier. We’ll tackle some of the harder topics to ensure you have the protection you need in Memphis, TN. Call or email us today to find out more about the many life insurance options.

Is Vandalism Covered By Auto Insurance?

Car vandalism can be frustrating, stressful, and often expensive to repair. Discovering a smashed window, keyed paint, or slashed tires can be overwhelming. At Tackett Insurance Inc. in Memphis, TN, we understand that such situations can leave you scrambling for answers. One of the most common questions we hear is, "Does my auto insurance cover vandalism?" Let’s break it down.

Comprehensive Coverage Is Key

The type of auto insurance coverage you have determines whether vandalism is covered. Comprehensive coverage protects your car from non-collision-related incidents, including vandalism, theft, and natural disasters. If you have comprehensive coverage as part of your policy, you’re likely covered for damages caused by vandalism. However, it’s important to note that you’ll still need to pay your deductible before your insurance covers the remaining costs.

Filing a Claim for Vandalism

If your car has been vandalized, the first step is to document the damage with photos and file a police report. This report is typically required when filing a claim with your insurance company. Once you’ve done that, contact your insurer to guide you through the claims process. They’ll assess the damage and let you know what your policy covers.

The Importance of Comprehensive Coverage

While liability insurance is required by law, it doesn’t protect against vandalism. Comprehensive coverage provides peace of mind, knowing you’re prepared for unexpected events.

At Tackett Insurance Inc. in Memphis, TN, we’re here to help you find the right auto insurance policy to fit your needs. Contact us today to learn more about your options and how we can keep you protected!

Commercial Insurance for Warehousing Essentials

Your commercial insurance policy should adequately cover warehousing essentials. Consider what valuable items to insure, then learn about the types of coverage you can obtain.

Identifying Warehousing Essentials

Consider the warehousing essentials you want to add to your commercial insurance policy. Essentials are any items that are critical for day-to-day operations. Review the list below, including some items you may benefit from adding to your commercial insurance policy.

  • Shelving units
  • Inventory
  • Shipping and receiving supplies
  • Electronics
  • Computer equipment
  • Commercial vehicles

Prepare a personal list that includes items you consider valuable to your daily warehousing duties.

Liability Insurance Protection

Liability protection will be useful if another individual or company sues you. For instance, if your warehousing operations are dangerous, you may be concerned about the risk of injury at your place of business.

You may also be concerned about the potential damage caused by a machine or another piece of equipment you own. Liability protection will handle legal fees, medical bills, and repair costs that you face.

Protection Against Potential Criminal Activity

Criminal activity could affect how you operate your warehouse. Theft or vandalism could temporarily hinder operations.

Commercial insurance that protects against theft and vandalism will cover the costs you endure after an incident occurs. You can choose how much coverage you need to protect your warehouse from unforeseen events sufficiently.

Contact an Insurance Agent in Memphis, TN

Contact one of our agents at Tackett Insurance Inc., who serves the Memphis area. An agent will gladly assist you with any questions about commercial insurance for your warehouse and its equipment.

Moving Into a New Place? You May Need Renters Insurance

Moving into a new space can be exciting, but ensuring you’re adequately protected is also important. If you’re in the Memphis, TN, area and looking for renters insurance, Tackett Insurance Inc. is here to help. We can answer your questions and provide options so you feel confident about the policy you choose for your new rental home.

What Does a Renters Policy Cover?

A renters policy covers your personal items, such as the clothing and furniture you brought to the rental space when you moved in. It will also protect personal items that you buy while you live there. If you have anything unusual, such as a grand piano or high-end jewelry, you may want to talk with one of our agents to ensure it’s covered under your policy. You don’t need to worry about the dwelling itself. The landlord covers insurance on the home or apartment you’re renting.

How Often Should the Policy Be Updated?

It’s a good idea to review your renter’s policy at least once a year to ensure you don’t need any changes. Our agents are here to help you decide whether an update is needed or recommend the kinds of changes that could benefit you. Whether you acquire something new and have questions about coverage, or it’s been a while, and you’re unsure if updates are needed, we’re here to make things easier.

Who Do I Ask for Information?

At Tackett Insurance Inc., our agents are here to provide you with all the support, guidance, and information you need to choose the right renters insurance for your needs. If you’re in the Memphis, TN, area, contact us today, and let us help you select a policy with confidence for increased peace of mind.

Do I need uninsured motorist coverage?

At Tackett Insurance Inc. in Memphis, TN, many clients have asked us if they need uninsured motorist coverage on their auto insurance policies. We understand the desire to save as much money as possible, especially in today’s economy. However, we have found that this coverage has saved policyholders thousands in auto repairs, medical expenses, and legal costs.

With the cost of goods and services on the rise, there has also been an increase in drivers operating on the roadways without auto insurance. This is a dangerous, reckless, and inconsiderate act, but it is also a reality that we have to face if we are going to be on the road.

Uninsured Motorist Bodily Injury and Property Damage Coverages

Uninsured motorist (UM) coverage is a requirement by Tennessee law for all auto insurance policies written in the state unless policyholders sign a form opting out of the coverage. But why opt out of coverage that will cover you and your passengers medically if you are injured in an accident with an uninsured driver? This coverage is called uninsured motorist bodily injury coverage (UMBI). There is also uninsured motorist property damage coverage (UMPD) available for you if you are hit by an uninsured driver who pays for you to get your vehicle fixed (minus the deductible). Typically, uninsured motorist coverage will mirror your policy’s liability limits for bodily injury and property damage coverage. However, it will never exceed it.

Uninsured motorist coverage also covers you when you have been in a hit-and-run accidand you are unaware of who damaged your vehicle. Moreover, uninsured motorist coverage will help compensate you for lost wages, medical expenses, and damaged property. It also compensates you quickly, so you don’t have to take the uninsured driver to court before receiving compensation after an accident.

Give Us a Call Today!

For more information about an uninsured motorist policy, its benefits, and cost, call Tackett Insurance Inc. in Memphis, TN, at (662) 371-1100.

How Term Life and Whole Life Insurance Policies are Different

When you need to help protect your loved ones financially after you’re gone, you need a life insurance policy. Two main types of these policies are whole life and term life. Each works very differently and has its own advantages and disadvantages. The one you choose may depend on many factors, such as your needs, age, and budget. When you need to get a policy, call us at Tackett Insurance Inc. in Memphis, TN.

Term Life Policies

A term life policy is one that is set for a certain number of years. The policy has a firm ending date, and it expires after that date. These policies work like any other life insurance policy if the policyholder passes away during the term when it’s in effect. It will pay out a death benefit to the beneficiaries when that happens. However, if the policyholder outlives the policy, they will have to get a new one. A benefit of this type of policy is that it costs less than a whole-life policy. It can be very affordable for many people, allowing them access to life insurance.

Whole Life Policies

Unlike term life, whole life policies never expire. These policies stay good for the rest of your life. Many people appreciate this aspect of whole-life policies and choose this type because of it. These policies also build a cash value that policyholders can someday borrow against. This has contributed to the popularity of this type of policy. However, these policies do cost more than a term life policy.

Get Life Insurance in Tennessee

It’s always a good idea to have this insurance in place just in case. Contact us at Tackett Insurance Inc. in Memphis, TN to get started with your life policy.

Does auto insurance cover a rental car?

If you ever need a rental car, you might wonder whether your auto insurance will cover the cost. At Tackett Insurance Inc. in Memphis, TN, we are an independent insurance agency committed to serving our customers. We will ensure you have the coverage that best suits your needs.

Whether your auto insurance can cover a rental vehicle depends on the coverage type you have on your personal vehicle. If you possess basic auto insurance, it will only extend liability coverage. Consequently, you’ll need to get insurance through your credit card or the rental company. However, you won’t need to purchase the excess liability insurance on offer.

If you have collision and comprehensive coverage on your personal vehicle, then you will have the same coverage on the rental vehicle. This meets the rental company’s insurance requirement, and purchasing their insurance would provide duplicate coverage.

If your credit card offers rental coverage as a perk, it’s up to you to choose between utilizing it or your personal insurance. Both will offer protection, and your choice depends on whether you find one easier to deal with than the other.

You may be presented with the option to purchase protection for items you’ll be transporting in the rental vehicle, like your luggage or golf clubs. If you have home, condo, or renters insurance, you’re already covered for this, thus eliminating the need for additional insurance.

Allow us to assist you with your auto insurance needs. Our dedicated team at Tackett Insurance Inc. in Memphis, TN will ensure you receive the auto coverage you need. Call us today to discuss your auto insurance requirements.

Commercial Insurance Protects Businesses in Every Industry

Most people who are not business owners are likely unaware of the daily concerns and potential risks that companies face. However, if you are a business owner, those concerns may even keep you up at night. The bad news is that it doesn’t matter what kind of industry you work in; every type of business faces certain risks. The good news is that commercial insurance is often the solution, regardless of what kind of business you own. That is also why business owners from in and around the greater Memphis, TN, area turn to the friendly and professional team at Tackett Insurance Inc. for all their commercial insurance needs.

Service, Construction, Manufacturing, and More, 

Do you own a business in the service industry, like accounting or therapeutic massage services? How concerned are you about liability and claim issues? Does your company build, remodel, or use heavy equipment in the construction industry? Do you think about potential employee injury or property damage claims? How about asset protection or any of the other potential concerns that come with operating a business?

Fortunately, regardless of what type of business you own or what industry you work in, commercial insurance can help protect your business. The key to getting your company’s protection begins with an experienced and proven agent who can help with your commercial insurance needs.

Commercial Insurance for Memphis, TN Business Owners

If you own a business in or around the Memphis area and have questions or need commercial insurance, we can help. Contact our professional and friendly team of agents at Tackett Insurance Inc. to learn more and for the protection your business needs and deserves today.

When Should I Update My Homeowner’s Policy?

It’s tempting to think you can forget about your homeowner’s policy once you’ve secured it. However, it’s important to update it in certain circumstances. We offer homeowner’s insurance at Tackett Insurance Inc. in Memphis, TN.

Changes in Home Values

If home values have changed since you procured your policy, it may be necessary to update your coverage. Should home values increase, your dwelling coverage should be adjusted to reflect this.

Changes to Your Home

Should you make improvements or renovations to your home, it is a must to update your policy. This ensures that you have sufficient coverage and allows the insurer to recalculate the value of your home.

This includes adding a new room, updating your kitchen, or replacing your roof.

Additionally, update your policy if you’ve added items that augment your liability risk, such as a pool or a trampoline. You may need to increase your liability coverage in such instances.

Changes to Your Household

An adjustment in your household, such as a new occupant or a recent pet, calls for a policy update. Significant lifetime changes like getting married or divorced also necessitate a policy review.

Increased Security

Many insurers offer discounts for installing security devices. These could be a security system, a locking gate, or a water shut-off mechanism. Besides increasing your home’s security, these devices can reduce the likelihood of an insurance claim, resulting in savings for you and the insurance company in the long run.

Homeowner’s Insurance at Tackett Insurance Inc.

Are you searching for homeowner’s insurance in Memphis, TN? Contact us at Tackett Insurance Inc. Our affable agents will understand your needs and help you select the most appropriate policy.

Know the Pros and Cons of Renters Insurance

Whether you are planning to rent a home, apartment, or condominium, there are pros and cons to purchasing renter’s insurance. If you’re planning to rent in Memphis, TN, our agents at Tackett Insurance Inc. can answer any questions and guide you through the insurance process, whether you want or need a policy.

Renter’s Insurance Pros

  • While renters are not required to have renter’s insurance in Memphis, coverage protects the renter in several ways.
  • A policy protects renters against theft, fire, vandalism, water, and wind damage. Without insurance, renters will have to pay out of pocket for repairs and replacement of personal items.
  • If someone is injured while visiting your rental property, an insurance policy protects you from situations that can lead to financial harm.
  • Rental insurance prices are competitive and affordable, which allows renters to protect their personal property and provide liability protection.

Renter’s Insurance Cons

  • Even though renter’s insurance is not required, it is up to the person or company that is renting the property to individuals to decide whether to rent to individuals without coverage.
  • Be aware of what your potential landlord requires from their tenants before signing a lease. Once the lease is signed, you are obligated to adhere to these terms and conditions. If you move in without the required insurance, you are considered to be in breach of contract.
  • The landlord has the right to require that you have renter’s insurance before allowing you to move into their rental property. 
  • The same applies if you are moving into an apartment complex vs a rental home. The rental company may require proof of insurance before moving in. 
  • For some renters, the requirement to have insurance may impose a financial burden that does not fit in with their living expenses budget.

Contact Our Agency

If you have questions about renter’s insurance in Memphis, TN, and want answers from the professionals, contact Tackett Insurance Inc. Our supportive team will guide you every step of the way to ensure you have a policy that meets the requirements for renting residential property.