How Much Coverage Do I Need?

Posted on July 29, 2022August 2, 2022 by admin

One of the most important decisions you will make when purchasing insurance is how much coverage to buy. This decision can be difficult, especially if you are unfamiliar with insurance terminology. Riverside Insurance Agency Inc. in Byram, MS is here to help you navigate this important insurance coverage.

How Much Coverage Do You Need?

Many people ask the question, "How much insurance do I need?" The answer to this question is not always a simple one. There are many factors to consider when determining how much coverage you need. Some of these factors include:

Your age
The type of home you live in
Your family’s needs
Your assets
Your income
Your lifestyle

At Riverside Insurance Agency Inc. in Byram MS, we understand that everyone’s insurance needs are different. We will work with you to determine the best coverage for your unique situation.

Determining Your Coverage Needs

There are a few different ways to determine how much coverage you need. One way is to use the 80/20 rule. This rule states that you should carry insurance that covers 80% of the value of your home and possessions. For example, if your home is valued at $100,000, you would need insurance that covers $80,000.

Another way to determine your coverage needs is to use the replacement cost method. This method takes into account the current value of your belongings, not their original price. For example, if you purchased a television for $500 five years ago, it would be worth much less today. The replacement cost method would insure your television for its current value, not its original price.

Determining the Amount of Coverage You Need

If you have any questions about your insurance needs, Riverside Insurance Agency Inc. in Byram, MS is here to help. Give us a call or come by our office today, and we’ll be happy to answer any of your questions.

How Do I Get Renters Insurance?

Posted on June 15, 2022June 15, 2022 by admin

Most people purchase renter’s insurance through an agent or through their mortgage company. You can buy it directly online from an insurance company. You may have to purchase specialty coverage to protect your belongings if you don’t own a car.

You can also talk to a broker, or get it directly from your landlord. If you are leasing, talk to your landlord about getting this coverage. Visit Riverside Insurance Agency Inc. for expert advice in Byram, MS.

What Involves Getting a Renters Insurance

The best way to find out about how renters insurance works is to read up on your options and compare them side by side. Compare quotes from different companies and ask about what happens if you have to end your lease early due to damage.

You can also reach out to your local government office and ask if they offer any advice on what to look for when getting renters insurance.

Rental properties can be covered by a standard homeowners policy, but landlords should still have a basic policy that covers their belongings if they have employees or other tenants.

To get a basic idea of what your policy might cost, you can visit a few websites that compare different policies. Some sites are free to use. Renters insurance protects your belongings against damage or loss due to a covered cause.

You can also get coverage against the theft of your possessions. If you are moving into a new place, you may want to get coverage against liability. This protects you against damages caused by someone else’s negligence.

Contact Us Today

Your landlord’s policy may cover your belongings, but it probably won’t cover them as thoroughly as a renters insurance policy will.

A renters insurance policy can protect you in the event of a fire or other disaster that destroys your apartment.

It can also protect against theft and accidental damage to your belongings. The team at Riverside Insurance Agency Inc. in tByram MS, can get you started.

Understanding The Dangers of RV Travel and How To Protect Yourself

Posted on May 31, 2022June 1, 2022 by admin

Traveling the country in an RV can be the ultimate American road trip. The freedom to drive where you want, when you want, and the ability to stop and explore whenever you want, provides an experience that no other mode of transportation can match. However, the realities of RV travel mean that you must be careful when exploring new territory. Let Riverside Insurance Agency Inc. in Byram, MS help you understand the dangers of RV travel and how to protect yourself.

How dangerous is RV travel?

Fire Hazards

According to FEMA’s U.S. Fire Administration, an estimated 3,700 RV fires are reported over a single year. RV fires cause nearly 15 deaths, 100 injuries, and over $58 million in loss. With this in mind, it is important to prepare for the possibility of a fire in your motorhome.

Always have a fire extinguisher on hand. The fire extinguisher should be in a location that is easy to access. Learn how to use a fire extinguisher beforehand. Additionally, learn how to use emergency hatches and windows. Install a smoke alarm and keep it working. Review your fire safety procedures annually.

Road Dangers

Avoid driving in high traffic, such as during rush hours. Also, avoid driving in the dark, especially after midnight in urban areas where the risk of encountering drunk drivers is high.

Be aware of the weather. We experience a wide range of weather conditions in Byram MS, but that doesn’t mean you will be immune to bad weather. Be prepared for extreme weather, especially in climates you are not familiar with.

Remember that an RV has a weight limit. Overloading your RV is a dangerous practice. You could end up damaging your RV or even toppling over.

Be Insured

There are plenty more hazards out there that can cause harm to your RV and your family. Be sure to have the proper insurance coverage. Riverside Insurance Agency Inc. in Byram, MS can help you find the right RV insurance that meets your needs.

A Guide to Motorcycle Insurance

Posted on April 29, 2022May 13, 2022 by admin

Riding a motorcycle is a fun and thrilling activity. Like other transportation machines, motorcycles must be insured. Motorcyclists in Byram, MS, can obtain insurance from Riverside Insurance Agency Inc. Before you visit the insurer, here’s a guide to motorcycle insurance.

Motorcycle Insurance is Mandatory in Mississippi

Motorcycle insurance is compulsory in the Magnolia State, and you must provide proof of insurance before registering your bike. The repercussions of being an uninsured motorcyclist can be dire. You can receive various punishments, including fines, a short jail term, and license suspension. Another danger of not having motorcycle insurance in Mississippi is you will be forced to use your pocket money to cover injuries, repairs, and replacements if you are involved in an accident.

Motorcycle Insurance Options

There are numerous motorcycle cover options that motorcyclists in Mississippi can buy. Comprehensive insurance is the most common insurance option, which covers damages attributed to incidents other than accidents like theft and vandalism. The personal injury protection option covers medical expenses, childcare, and lost wages following an accident.

Additionally, bodily injury liability cover caters to medical bills and lost income caused to another person by your motorcycle. Property damage coverage pays for damages caused to a third-party property when you are at fault. Although all motorcycle insurance options have their merits, the comprehensive insurance option is the best because it covers everything.

Add-On Insurance Options

Insurance add-ons are optional. One add-on option is roadside assistance which enables your insurer to cover any service you may need on the road, like towing and puncture repair. Another add-on is mechanical breakdown insurance which covers abrupt mechanical failure after an expired warranty.

Takeaway

This guide gives you a sneak peek of motorcycle insurance. Book an appointment with Riverside Insurance Agency Inc. in Byram, MS, to acquire a suitable insurance cover for your motorcycle.

Recreational insurance helps protects your prized possession

Posted on March 30, 2022April 12, 2022 by admin

Riverside Insurance Agency Inc. is an independent agency. For over 15 years, we have helped Byram, MS residents find the coverage they need to protect what matters most. We work with multiple carriers across the South. We help our clients obtain custom policies that evolve as their needs change over time. Life is full of unpredictability. We will help you find the necessary coverage to stay secure.

Recreational Insurance Overview

Many Byram, MS residents have recreational vehicles that they enjoy using at different times. Regardless of whether you have a boat, off-road vehicle, or a motorhome, consider the benefits of recreational insurance. Recreational insurance helps protects your prized possession. Collision coverage protects your asset if it’s damaged in a collision with another vehicle or object. If you have a luxury recreational vehicle, you can amend your policy to provide extra coverage for the damages. Comprehensive coverage protects your recreational vehicle if it’s stolen or vandalized. You are also covered if your vehicle is damaged due to severe weather. The South is known for potential hurricanes or tornadoes emerging at any minute. Comprehensive coverage protects your vehicle if damages arise. Liability coverage is essential, especially if you have a high-risk recreational vehicle. This type of coverage protects you if your vehicle accidentally injures someone or damages their property. You are also covered if any passengers are injured while traveling with you.

You can add extra coverage based on the type of recreational vehicle you have. Emergency assistance coverage is recommended regardless of the type of vehicle you have. This type of coverage protects you if your vehicle suffers engine failure or a dead battery while you’re traveling. You will receive immediate service.

Riverside Insurance Agency Inc. Will Help You Cover Your Assets

What You Need To Know About Boat Insurance

Posted on February 15, 2022February 4, 2022 by admin

Boating is a great way to get outdoors and spend time with family. To make the most of your boat ownership, it is imperative that you have proper boat insurance. At Riverside Insurance Agency Inc we want to help our clients make confident insurance choices. Keep reading to learn more about boat insurance in Byram, MS and the surrounding areas.

Do I Need Boat Insurance?

Although boat insurance is not required in every state in order to operate a boat legally, it is the best way to protect yourself and the investment you have made in your boat. If the boat is damaged or lost, you will be responsible for repairs or replacement if you do not have an insurance policy in place. If you damage someone else’s boat, you will be liable for the cost of repairs or replacement of their boat. If someone is injured because of your boat, you will also be liable for medical expenses and even legal fees in some cases.

A solid boat insurance policy will cover these types of expenses.

What Does Boat Insurance Cover?

Most boat insurance policies will provide the following basic coverages:

Property damage- If the boat is damaged or lost due to fire, natural disaster or burglary, the insurance policy will kick in to reimburse your cost of repairs or replacement.
Liability- Liablity coverage will pay any expenses incurred if your boat is involved in an accident that damages another boat or causes injury to a person.

If you would like to learn more about boat insurance, or any of our other products, please contact us at Riverside Insurance Agency Inc, serving Byram, MS and the surrounding areas.

Common Situations When Mississippi Residents Can Rely On Umbrella Insurance

Posted on January 24, 2022February 4, 2022 by admin

Riverside Insurance Agency Inc is an independent agency. For over 15 years, we have helped Byram, MS residents find the coverage they need to protect their assets. We are proud that we were able to simplify the process for many people who felt overwhelmed looking for insurance. We offer our clients unique policies that adapt as our clients undergo life changes.

Common Situations When Umbrella Insurance Is Necessary

Accidents can occur at any moment. However, having insurance in place can alleviate some stress associated with emergencies. That’s where umbrella insurance comes in. Umbrella insurance protects you when an accident occurs, and you are held liable for the damages. General liability will cover you, but the policy has a limit. If the accident is serious enough, your liability limits may be stretched to the max, which could leave you vulnerable. Umbrella insurance steps in as another layer of protection when you need it most.

Perhaps you are hosting a summer pool party at your Byram, MS residence. One of your friends slips and falls while they are getting out of the pool and hitting their head. They’ve suffered a serious brain injury. You are responsible for the injury. Umbrella insurance steps in to help cover you and take care of your guest’s medical treatment. You take your eye off the road to answer a text message and the result is a serious auto accident where four people are injured. All of their injuries are your fault. Your liability coverage may not be able to cover all the injuries and medical treatment. Umbrella insurance steps in to prevent you from possibly losing some of your assets.

Riverside Insurance Agency Inc. Will Help You Cover Your Assets

Visit our website to learn more information about umbrella insurance.

Is flood insurance a necessity?

Posted on December 13, 2021December 13, 2021 by admin

Did you know that many Americans strongly believe that only those designated as high-risk areas can only experience flooding? That is not the case because everywhere rainfall is experienced, it’s susceptible to flooding. It’s imperative to consider purchasing flood insurance if your dwelling is situated in a location vulnerable to floods because of melting snow, an overflowing creek, or water flowing down a steep hill. Regrettably, many Byram, MS residents only think of procuring flood insurance after the weatherman warns of a looming flood during the news. But did you know that flood insurance takes around thirty days to come into effect? Don’t hesitate to get in touch with our agents at Riverside Insurance Agency Inc. to get outstanding flood insurance as soon as possible to prevent the regretted flood aftermath.

Buying flood insurance from Riverside Insurance Agency Inc. located in Byram, MS, is a worthwhile decision because it will be beneficial in the following ways:

Protection of assets

Did you know that just a single inch of water can propagate more than $25,000 worth of damage to your dwelling? Additionally, have you assessed how much your home costs? Probably thousands of dollars! Given that your residence is one of the most precious investments in your lifetime, it requires formidable protection from impending perils. This coverage averts you from financing costly repairs out-of-pocket. Flood insurance caters for damage to your walls, roof, floor, and other permanent fixtures in your dwelling when floods strike.

To safeguard your family and loved ones.

Home is a haven for your family and pets. If floods happen today, your family and loved ones may face the danger of being relegated to homelessness. To avoid these moments of stress for your loved ones, buy spectacular flood insurance to make sure you get back to normality even after flood damage.

Provision of peace of mind

Weather is unpredictable and can strike anytime without prior warning, propagating unprecedented menace like flooding with devastating effects. Flooding can transpire anytime and worsen over time, culminating in substantial damage to building structures and contents inside. Therefore, the only way to eliminate these worries whenever a storm is looming is by purchasing flood insurance to offer financial protection during unforeseen events.

Are you searching for solidified flood insurance in Byram, MS? Please get in touch with our agents at Riverside Insurance Agency Inc. today. Our friendly and professional agents will assist you in forging personalized flood insurance unique to your needs and requirements.

Do I need auto insurance in Byram?

Posted on November 29, 2021December 13, 2021 by admin

Anyone that is in the Byram, MS area will learn that having a vehicle is a necessity in many cases. If you choose to buy a vehicle in this area of the state, you will need to get proper insurance for it. There are a few reasons why you will need to have an auto insurance plan when you are in this area of the state.

Coverage for your Car

A key reason that you should get this insurance in this area is to get coverage for your car. If you are going to purchase a vehicle, you will be acquiring a major asset that you will want to use for a while in the future. A great way to ensure this happens is by getting a full insurance plan with collision and comprehensive coverage. This will give you protection for a range of losses, including if the car is damaged or stolen.

Remain in Compliance

You should also get an auto insurance plan if you want to remain in compliance with your obligations. If you intend to purchase a car and take out a loan, you will be required by your auto lender to carry insurance. Also, you will need to at least have liability insurance if you want to drive your vehicle on a public road in this state. Having coverage can help ensure this compliance.

When you are in the Byram, MS area, you are going to want to know that you are selecting a quality auto insurance plan. When you are assessing your various insurance needs here, it can be a good idea to call Riverside Insurance Agency Inc. There are a lot of choices that you need to make and Riverside Insurance Agency Inc. can help you evaluate your options.

The Importance of Condo Insurance

Posted on October 26, 2021October 26, 2021 by admin

Condo insurance is really important, and you can never assume that your condo association covers you for everything. If you have not checked what your condo association insures you for, definitely check now. We will also explain below what you can usually expect from the association, and what you should get condo insurance for.

You can give Riverside Insurance Agency Inc. in Byram, MS a call to discuss your condo insurance options. We service the following states:

Alabama
Arkansas
Florida
Louisiana
Mississippi
Tennessee
Texas

Outside vs. inside

Usually, the rule of thumb you can consider is that your condo insurance covers the inside of your condo, and condo associations cover everything outside of the condo. This includes general areas, but also the structures of your condo. The inside of your condo includes your valuable items, so you should always insure your condo.

Don’t be a liability

Liability insurance comes up all the time. It applies to car insurance, commercial properties, but also to your condo. If someone enters your condo and slips and falls, you could be liable to cover any bodily harm this causes them. This is why liability insurance is really important in making sure you are covered should there be an incident inside of your home.

If you live in a condo now, you should evaluate condo insurance sooner rather than later, before you are out of any costs. If you want to talk about your current condo insurance or want to get new condo insurance, give Riverside Insurance Agency Inc. in Byram, MS a ring as soon as you can. You can also request a quote on our website.

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