Residents in the greater Memphis, TN area can rely on the team at Tackett Insurance Inc. for all of their insurance needs, including condo policies. We can answer any questions you may have and help you find the right policy for your unique needs. Call or stop by today.

Things to look for when reviewing your condo insurance options

When selecting your condo policy, considering the following suggestions can make your search shorter and more effective. Take a look:

• Protection for your unit. Many condo buildings have regulations stating that all owners are responsible for damage within their units, no matter who may be at fault. You’ll need coverage if your upstairs neighbor has a plumbing problem that causes water damage to your unit or some other similar scenario.
• Review your condo board rules and regulations to ensure that you have the coverage you need. Your condo board may have minimum protection levels as part of your insurance requirements. Be sure to familiarize yourself with such standards before finalizing your policy.
• Review available discounts. Some insurance carriers provide discounts to their clients. This can happen if you have more than one policy with them or own your residence free and clear of any financing. Double-check so that you don’t miss out on any savings!

Give us a call today, and we can help!

If you live in Memphis, TN, or the surrounding area, you can turn to Tackett Insurance Inc. for your condo insurance needs. We’re here to help you find all of the insurance you need to protect yourself and your family. Reach out to us today. You’ll be glad you did!

When buying a condo, you may be wondering whether you need insurance for it. To insure your condo, you may not want to spend that much money every month (or year). That being said, if you ever find yourself needing insurance, you will wish that you had it. 

Here are some reasons why you need condo insurance:

If you have a loan, you may be required to have insurance. Most mortgage companies require you to have condo insurance to protect your investment. 

Your condo association may also require it. Depending on where your condo is, the association may also require insurance to protect its community. 

If you can’t afford to fix your home if something occurs, you want to have insurance at that moment. Your insurance will cover most damage that occurs to your condo. If you don’t have tens of thousands of dollars lying around, you will need insurance to pay for the damages. If your pipe leaks, you could be looking at damage to the walls, floor, and ceiling below. This could add up! 

It will even cover the possessions that you have inside your condo. It will cover (to a certain extent) the cost of replacing your possessions, including your clothing, furniture, and even the artwork on your wall. You may need an umbrella policy if you have some expensive pieces of jewelry or art. This extra policy shouldn’t cost you too much extra, but it will be worth it if your jewelry is stolen. 

If you want to ensure that your condo is protected, don’t hesitate to contact us at Tackett Insurance Inc. in Memphis, TN. 

Anyone who lives in the Memphis, TN area will want to know that they have the right personal insurance plans. A form of insurance coverage that everyone should consider getting is life insurance. This is a unique form of coverage that can provide you with a way to protect the financial needs of those you care about. There are various reasons someone will want to get a life insurance plan here.

Coverage Offers Financial Support for Dependents

Every breadwinner should want to have a life insurance plan because it can offer financial support for their dependents. If there are people that rely on your income to meet their basic needs, ensuring these needs are protected is very important. If you get a life insurance plan, you can create a policy specifically to meet your needs. This will allow you to build it to ensure that any expenses will be covered. 

Use Insurance as an Investment

You can also consider getting a life insurance plan as an investment opportunity. With a whole life insurance plan, you will enjoy the long-term benefits that come with this form of insurance support. This includes having a policy’s cash value that grows with interest and each payment. This makes it an excellent addition to a personal insurance plan. 

As you are looking to get a life insurance plan in the Memphis, TN area, it is a good idea to call the team at Tackett Insurance Inc. There are many great reasons to get a life insurance plan. Starting your search with Tackett Insurance Inc. is a smart idea. Contact our office to get the support you need when choosing a life insurance policy. 

Renters insurance is something not many people understand. It is a personal type of insurance that protects your possessions and assets in a couple of different ways. At Tackett Insurance Inc. in Memphis, TN, our team of experts customize your insurance to what you need and can afford. Our agency has been serving the locals for more than 100 years. 

As to whether you need to have renters insurance, neither the state nor the city requires it, but some landlords or management companies may. Always read your lease carefully. But just because it isn’t required doesn’t mean you don’t need it and shouldn’t have it. Less than 50% of renters have a policy and that is needlessly reckless. It is affordable and provides valuable protection. 

If your rental was damaged by, let’s just say, a fire, would you be able to afford to replace the damaged items? What if your entire living area was damaged? Could you easily replace all your possessions? If your answer is no, what would you do? If you had renters insurance, you wouldn’t have to worry, you would have the money to replace your possessions. 

No one likes to think about being sued, but it does happen. It happens a lot more often than you probably think. Would you be able to pay for legal fees and a potential judgment against you? You could lose all your savings and even go into debt if you don’t have enough saved. 

Where would you go if your rental was damaged? Loss of use coverage will help pay for a hotel and temporary rental while your unit is being repaired. It beats moving back home and living in your parent’s basement or a friend’s guest room. 

In Memphis, TN, you can be comfortable calling Tackett Insurance Inc. and asking important questions about renters insurance.

When you have renter’s insurance in Tennessee, you are likely starting off with a general liability policy. There is more to renter’s insurance than that. With additional coverage such as property coverage, you are more protected against financial risks. What many renters do not know is that their renter’s insurance covers them when they travel.

At Tackett Insurance Inc., we want Memphis, TN renters to have the most thorough coverage possible when they are renting their homes. That coverage goes where you go.

Learn more about how renter’s insurance covers you when traveling right here.

Property and Contents Coverage

You can include property and contents coverage in your renter’s insurance policy in Tennessee. If anything happens to your property, through loss, theft, vandalism, or accidents such as fire or weather, you can have those contents replaced.

When you are traveling, if you lose or break something covered in your renter’s insurance, you can have that replaced or repaired with an insurance claim. If something happens to a laptop, phone, or other valuable, your renter’s insurance will cover it.

Liability Coverage

When there is an accident or problem when you are on vacation, your liability coverage with your renter’s insurance will cover it. Your liability coverage on your renter’s policy covers you, and not your building. If something happens while you are away, you can make a claim with your renter’s insurance.

Get a Quote

If you want the most thorough coverage in Tennessee, update your renter’s insurance policy today. At Tackett Insurance Inc., we want Memphis, TN renters to be protected wherever they go. Call us for a quote today.

The reality is unless you have a terminal illness that will cause your death within months or days, it is never too late to buy life. Life insurance isn’t really about you, it is about your dependents. Even if you are elderly, you may have dependents who count on your income to survive. Talking to your local independent insurance agent will help you to understand what you need. In Memphis, TN, that agency is Tackett Insurance Inc.

Life insurance is the easiest to get and the least costly when you are young, which makes it the ideal time to purchase it. Whole life insurance stays with you for your entire life and if purchased when you are young, it will always be well priced. With term life, the policy has a term limit. You may buy it for a very good price, but when the 20 years of the term are up, you will lose that rate. You may be able to continue your policy, but the rate will be adjusted by your new age. 

When it comes to the potential of being too late to buy life insurance, a lot will depend on your health. To get the best policies, you usually need to get a physical exam. If you have any issues, you could potentially be denied. Policies that don’t require a physical are available but are usually of a smaller payout amount and are more expensive. 

If you are older and want to get a life insurance policy, talking to your local independent insurance agent is a good place to start. They represent a wide selection of carriers and can make sure you get the most for your money. 

If you live in or near Memphis, TN, Tackett Insurance Inc. has a team of experts who can help you will all your life insurance needs. 

If you are a business owner, you already understand the importance of having business insurance. Commercial insurance is your safety net that protects your business financially from a loss when the unthinkable occurs. But when should you update your commercial insurance coverage? Well, keep reading for more insights.

Every business has goals and objectives, and one crucial one is increasing its end-of-year profit, have a bigger office space and a bigger team. And it serves as an ultimate indication that your business is doing well. To that end, any change in your company should be updated in your business insurance policy to keep you fully covered. At Tackett Insurance Inc. of Memphis, TN, we have prepared for your instances when it’s time to update your policy.

Change of operating location or office

If you change your office location, let’s say to a bigger space, you must update your business insurance policy. If you fail to, you risk not covering your new building or any equipment stored there. The same case should apply if you downsize your office.

Change of employees

Your business insurance policy is calculated per employee headcount. If you hire more employees, you must include them in your liability protection. Similarly, if the existing employee’s exit, you should update your policy.

Expanding your product portfolio

Business owners know the importance of having insurance for their products. Any defect in your products could cause injury, loss, or even death, attracting lawsuits. To that end, ensure you protect all your products in the event of a claim against your company. If you introduce a new product, you should also include it in your insurance policy. 

Other reasons for updating your business insurance include:

• Merging your company
• Changing the nature of your business
• Adding new clients or vendors 

Commercial insurance in Memphis, TN

It’s paramount to update your business insurance as changes arise. Focus on business development as we protect your business. Whether you are looking for business insurance or updating, we’ve got you. Call us at Tackett Insurance Inc. for an affordable quote.