The ABCs of Boat Insurance

Do you own a boat in Lees Summit, MO? Do you have boat insurance? Unfortunately, many boaters like talking about boating experiences, but shy away when asked about boat insurance. One of the reasons many boaters don’t carry boat insurance is that it’s not mandatory in Missouri. For other boaters, they think boating accidents are unlikely to happen. 

Unfortunately, when perils like accidents, theft, and fire strike, uninsured boaters are faced with massive losses – it’s only then they realize the power of a boat insurance policy. The good news is that you don’t have to wait until it’s too late. You can purchase boat insurance today from Epic Insurance. But before then, here are a few basics you need to know about boat insurance. 

Boat insurance may be required

While Missouri doesn’t require boat insurance, your federal-regulated lender may require you to purchase watercraft insurance until you pay off your outstanding loan.

Understand the difference between the actual value and agreed value

When it comes to loss settlements, you need to know what actual, and agreed value means. The agreed value would be the amount pre-agreed between the insurer and the policyholder if the boat suffered a total loss. In this case, you will receive the agreed value less your deductibles, but without reducing the depreciation factor.

The actual value is the replacement cost of your boat today, less the depreciation factor. While the premiums are cheaper than the agreed value, the compensation amount is less than the agreed value. 

Understand different boat insurance coverages

Just like auto or home insurance policy, boat insurance comprises various coverages to suit different needs. While you are not required to purchase all coverages, understanding different coverages helps you choose those that fit your needs. Here are some coverages to consider:

  • Collision
  • Comprehensive
  • Emergency assistance
  • Medical payments
  • Liability
  • Uninsured/underinsured boater
  • Wreckage removal and oil spillage

Do you need to learn more about boat insurance? Don’t hesitate to get in touch with Epic Insurance for more information. Else, you can pop in our Lees Summit, MO offices to speak to one of our agents.

Summer Water Safety Tips for Boaters

Summer is here in Lees Summit, MO, meaning it is time to get out of the house and go enjoy time out on the waterTaking the boat out on the water is a great way to enjoy the summer with friends and family. You can relax on the boat, jump in the water to cool off or do some tubing. There are so many summer options available when you spend time out on your boat. 

However, with the summer fun, it is essential to stay safe out on the water. In addition to contacting Epic Insurance about your boater’s insurance needs, here are some tips to help keep you safe this summer while boating. 

Conduct a Safety Check

Before going out on the water:

  1. Conduct a quick safety check of the boat.
  2. Ensure you have all the essential safety items needed, such as a first aid kit, life jackets, etc.
  3. Check to make sure there is enough gas in the boat and is current on all maintenance checks. 

Watch the Weather

Before going out on the water, check the local weather forecast. If there are storms in the area, it might not be the best day to go boating. 

Wear Life Jackets

Every passenger should have a life jacket available on board. In addition, children must wear their flotation devices at all times.

Avoid a BUI

It is against federal law to operate a boat under the influence of drugs or alcohol. Therefore, whoever is going to be driving the boat should avoid becoming intoxicated. Selecting one or two people to be the designated driver is always a good idea. 

Enjoy the freedom of being out on the water this summer in Lees Summit, MO. Epic Insurance is ready to talk to you about your boat insurance needs for any watercraft. Contact us today to learn how to protect your boat and your family. 

How to Get Health Insurance Without a Qualifying Event

Perhaps you self-insured for many years, or you recently lost your job and missed the COBRA extension date. You can qualify for insurance right now, although open enrollment for health insurance occurs each November and December. You won’t purchase your permanent health insurance this way, but you can get a temporary policy to see you through. Here is how Epic Insurance can help.

If you explore the health insurance portal from your Lees Summit, MO home, you probably found numerous options, but see that open enrollment does not occur until November or December. You probably do not want to wait that long to own health insurance. You could purchase a temporary policy now that sees you through until the December open enrollment period.

You might also qualify to purchase regular insurance now under an exception. For example, if you did lose your job and your employer provided your insurance, you qualify for an exception. Another exception is if you just moved to another state. While you must prove that you qualify for the exception, this lets you choose your permanent policy now. Other exceptions include:

  • Aging off of your parent’s insurance policy,
  • Expired COBRA coverage,
  • Getting a divorce,
  • Getting married,
  • Having a baby,
  • Adopting a child.

If you do not qualify for an exception and you simply have not had insurance, you can still obtain it now. Contact Epic Insurance, serving Lees Summit, MO to learn how to purchase temporary health insurance, so you can have coverage throughout the year. When November rolls around, you can either continue with your existing policy or you can transition to a permanent policy that provides better coverage or a cheaper price.

4 myths about auto insurance every driver needs to know

Whether you’re looking to buy a new policy or update your coverage, it’s critical that you understand the factors that affect your insurance costs. Auto insurance is a popular policy as it is mandatory in Lees Summit, MO and other states. That’s why there is a lot of misinterpretation and negative information around. Here are the four common myths we thought you should know about.

Myth #1. Red Cars are Expensive to Insure

Whether you choose to paint your car yellow, pink or purple, color doesn’t play a role in determining your insurance costs. Your insurance company will only be concerned about the model of the car, year of manufacture, engine size, and body type. They will also want to check your driving record.

Myth #2. Senior Drivers Pay More for Their Insurance Policies

That’s quite the opposite. Young drivers or inexperienced drivers are likely to pay more when buying auto insurance as their driving record is yet to be established. On the other hand, seniors or older drivers are eligible for unique discounts depending on the number of years they have been driving.

Myth #3. Other People Who Drive Your Car are Covered in Their Own Policies

The insurance you buy is primarily for your car, not you. That means that it does not matter who was driving the vehicle when the accident happened. Your insurance policy will pay for the injuries other people sustain as long as you gave the green light for the other driver to drive.

Myth #4. Auto Insurance Covers Your Injuries

This is only true if you have personal injury protection (PIP), a specific coverage designed to pay your medical bills in case you’re injured. The minimum liability coverage required by the law does not cover your injuries or damage to your car. That’s why it’s always a prudent idea to speak to an Epic insurance expert to help you determine which additional coverages to buy.

For more information about auto insurance facts, questions, and new policy discussions in Lees Summit, MO, feel free to contact Epic insurance.

Will Home Insurance Pay for a New Roof?

When it comes to home insurance, what is and isn’t covered comes down to the cause of the damages more than the location of the damages. This means that yes, your home insurance provider will cover the roof of your Lees Summit, MO home. But, it will only cover the damages if they occur as a result of a covered hazard.

This means that in the event of a storm or a fire, your insurance company will cover the cost of replacing or repairing your roof. However, they will not pay to replace your roof simply because it was showing wear and tear and it’s time to replace it.

In fact, insurers may even drop their customers if a roof is neglected. The roof is one of the most important parts of the home, and if you don’t take care of it, then that signals to the insurer that you may be a poor caretaker of your home. Your insurer is willing to pay for the damages from covered hazards, but they expect you to keep the roof in the best shape you can reasonably keep it.

When a storm does blow through, it’s a good idea to take pictures, document the damages, and be on the lookout for "storm chasers." These are fly-by-night repair crews who go door to door promising to do the repairs, only to deliver substandard results while collecting the check from your insurer. Do your research, and don’t hire a repair crew just because they knocked on your door after the storm.

If you have any questions about insurance and roof repair in Lees Summit, MO, get in touch with Epic Insurance. Epic Insurance is here to get you covered no matter your home insurance needs.

Does your auto policy provide adequate collision coverage?

Being involved in an auto accident can turn your life upside down, especially if there is significant damage to your vehicle. Drivers in Lees Summit, MO turn to the team at Epic Insurance for help selecting the right coverage for their needs. When you have a comprehensive policy with adequate collision coverage you can rest easy no matter what comes your way.

Collision coverage is an important part of your auto insurance

We all know how important auto insurance is to protect ourselves, our passengers, and our vehicles. With a robust and comprehensive car insurance policy, collision coverage will help to repair or replace your vehicle after you are involved in a covered event. There is no reason to worry about vehicle damage when you carry a policy that includes adequate collision protection.

After an accident, you will have an estimate run on the cost of repairs to your car. This assessment will also determine if it makes more sense to classify the involved vehicle as a total loss. Whatever the case, it’s always preferred to have your auto policy cover the cost of repair or replacement. Collision coverage protects you from becoming financially responsible for any damage that is not covered by your policy. With the right policy, you can protect your assets while also making sure that your transportation needs are met, no matter what may happen.

Let’s make sure you have the protection you need

Drivers living in the greater Lees Summit, MO community can trust Epic Insurance. If it’s time for a new insurance policy, or you’d like a registered agent to review your current policy, call or stop by today! We have the knowledge and expertise necessary to help you choose the right car insurance policy for your needs.

What Does Recreational Insurance Cover?

Recreational insurance policies are common in Lees Summit, MO. However, most people do not have a comprehensive understanding of what RV insurance is likely to cover. Epic Insurance is committed to educating its customers to have a comprehensive understanding of RV policies.

Bodily Injury Liability

If you happen to be involved in an accident that causes bodily damages to another person, recreational insurance can help you deal with associated liabilities. Some of the common liabilities that this policy will cover in this case include medical bills, lost income, and pain or suffering. 

Property Damage Liability

While using a recreational vehicle, you might be involved in an accident that damages another car on the road or property. Recreational vehicle insurance will cover repairs and possible replacement of such properties. 

Collision Liability

Recreational insurance is essential in instances where the collision happens. Regardless of who caused the accident, your insurance company will cover all the possible repairs and damages. It is always advisable to have the necessary RV insurance if you have leased your RV, or you own it, to protect against collision while on the road.

Comprehensive Liability Coverage

There are other non-collision liability expenses and recreational challenges that you are likely to experience. They include floods, storms, fire, falling objects, theft, and vandalism. Your recreational vehicle insurance policy will cover all the repair expenses. 

Uninsured Motorists

Having RV insurance is very important because you will be protecting yourself against drivers who do not have insurance or money to cater to the liabilities they have caused. In this case, your recreational insurance will help cover hit-and-run incidences. 

Epic Insurance stands out in Lees Summit, MO, as a recreational insurance company. You can contact our recreational insurance experts for more details on this subject.

Three problems you can avoid by purchasing boat insurance in Missouri

As a boat owner in Lees Summit, MO, it’s important to invest in boat insurance coverage to avoid some costly problems. We sell boat insurance to Missouri boat owners at Epic Insurance.

Below are three examples of problems you can avoid if you invest in quality boat insurance coverage in Missouri. 

Losing your boat in an accident

If you carry a boat insurance policy with comprehensive and collision coverage, you will be compensated if your boat becomes damaged in an accident. You can even have your entire boat replaced if you carry replacement cost coverage.

If you don’t have any boat insurance, you will have to pay to repair your boat or replace it if it is destroyed. 

Going into debt over liability costs if you’re responsible for an accident

Perhaps one of the biggest reasons why you need boat insurance is to protect yourself against liability damages. If you are found responsible in an accident where others are injured or experience property damage, you will be expected to cover the resulting costs. 

Liability costs in such a situation could total hundreds of thousands of dollars or more. You could easily go into debt or be destroyed financially if you don’t carry liability coverage and you find yourself in this position. 

Having to pay to remove your boat from public waters

Another costly scenario is having your boat break down out on the water. You could be held responsible for removing your boat from public waters.

Salvaging a broken down or destroyed a boat and removing it from the water can be very expensive. Fortunately, you can include coverage for salvage and wreck removal on your boat insurance policy. 

Are you interested in learning about our boat insurance policies at Epic Insurance? Give us a call or visit our website to learn more about the insurance products we offer. 

Common Health Insurance Myths Exposed

Epic Insurance serves the Lees Summit, MO community, as well as the surrounding areas by offering residents multiple types of insurance coverage. We seek to help our clients find policies that will help them protect what matters most. As an independent agency, we have established successful partnerships with several carriers throughout the Midwest.

Common Health Insurance Myths Exposed

Health insurance is important because it allows you to have peace of mind if you are feeling ill or get injured. Health insurance covers your regular checkups and other types of preventative care. You are also covered if you seek emergency medical care and you are admitted to the hospital. The policy also covers you if your doctor prescribes some medicine to help you feel better. While you are assessing your options for health care in Missouri, avoid some of these common health insurance myths.

I’m Young So Coverage Isn’t Necessary 

This is a mistake, as you are never too young or healthy to take your health for granted. While you may be fine now, an accident can happen at any time. You have to prepare yourself. Health insurance provides a safety net in the event that something goes wrong in the future.

I’m Covered Anywhere

Most policies include a network. As part of your policy, you will have to find a primary care physician within the specified network. However, you may choose to alter your policy to see a physician outside of the preferred network. Do not automatically assume that you’ll be covered to see anyone in Lees Summit, MO at any time though.

I Can Rely On A Group Policy

Having your own policy is more beneficial because you can ensure that you will be covered regardless of the issue. Relying on a group policy could leave you unprotected.

Epic Insurance Will Help You Find Coverage

For more information on health insurance, visit our website today!

Does every business need commercial insurance?

Anyone that has a dream of owning a business and being their own boss should consider Lees Summit, MO as a place for opening and running the company. When you are in this area, you will enjoy the strong local population and economy. When starting a new company in this area of Missouri, it is important to assess the insurance needs that your business will have. 

Insurance is Mandated by Lenders and Investors

One reason that you will need to get a commercial insurance policy for your company is that it could be mandated by your lenders and investors. If you have ever taken out a loan or raised equity, the agreements you sign will likely have a provision that documents the type and level of coverage that you need to have. If you do not maintain this coverage going forward, you could be in default of the agreement and can jeopardize the professional relationship

Insurance is Needed to Protect Company

Another reason that you need to get a full commercial insurance policy is that it is needed to protect your company. If you intend to start your company, you will rely on its future financial viability. One way that you can ensure the future of your company is by getting a commercial insurance policy. With this coverage, you will protect all of your business assets and will also receive liability insurance coverage.

There are many great reasons to get a commercial insurance policy when you are in the Lees Summit, MO area. A great resource for your insurance needs is Epic Insurance. When you call Epic Insurance you will get to learn a lot about the advantages that insurance can provide to a small business and what protection is needed in your situation.