The agents of Tackett Insurance, Inc. in Oxford, MS are experts in all categories of home insurance and should be consulted before you purchase your home. When you are purchasing your first home, you better know what you are buying. Are you buying a condominium, townhouse, single family home, or a detached condominium? 

An inexperienced real estate agent or an attorney whose area of specialty is not real estate cannot be depended on to determine the right category of home. The time to decide on the right category of a home must be made before closing or buy the property. There are situations where the developer did not follow state regulations and a homeowners association was not established after the last lot in the development was sold. The legal implications are dire if you thought you were buying a condo and ended up buying a townhouse or you thought you were buying a single family home where you owned the land and houses interior and exterior, and then found out that you purchased a detached condominium.

Condominium insurance is unlike homeowners insurance. The condo owner’s policy typically would cover interior walls, personal property, valuables, and appliances. It will also pay for fire and smoke, explosions, wind and hail, theft, vandalism, lightning, and burst pipes, but will not pay for earthquakes, floods, nuclear hazards, damage from birds, rodents and insects, wear and tear, and damage from underground water (such as sewer backups).

Your policy will also protect the condo owner against liability claims if the owner is responsible for a third person’s injury, medical expenses, or property damage, or any legal fees as a result of a lawsuit.

Contact Tackett Insurance, Inc. in Oxford, MS and make an appointment. Please call before you purchase!

Just because you’re single doesn’t mean you can’t benefit from the financial help that life insurance has to offer. As a single, life insurance from Tackett Insurance, Inc. in Oxford, MS can provide you with the following benefits and more:

Financial Security for Loved Ones   

You may not have a spouse and children, but there are probably people you care about who could benefit from financial assistance if you were to pass on suddenly. Life insurance benefits could help your aging parents in retirement, or younger siblings pay for their college education. Benefits can even go to your favorite charity to help those in need.

Funds to Liquidate Debts

Some debts are automatically liquidated when a person dies. Co-signed debts, however, will need to be paid off. Life insurance benefits can help liquidate co-signed debts such as private student loans, mortgage, joint credit cards, business loans, etc., so your relatives or business partners don’t have to assume this financial burden.

Monetary Help for Business Partner

If you own a business with one or more partners, your sudden demise could leave them in trouble due to depending on your financial investment. Life insurance can act as financial security for your business partners, providing them with the monetary assistance they need to continue the business after you’re gone.

Funds to Pay Funeral Costs 

Life insurance benefits can help cover your funeral costs, so your parents or siblings aren’t burdened with this unforeseen expense upon your demise.  

Security for Future Family

You may not have children now, but that could change in the future. Getting a life insurance policy now will provide financial security for your spouse and kids in the future.

To learn more about life insurance options and costs, talk to an agent from Tackett Insurance, Inc. in Oxford, MS.