A concise introduction of watercraft insurance to the general public

Watercraft insurance is not mandatory in the state of Georgia while operation on the state’s waterways. However, it is recommended to get an insurance policy that will help provide coverage for your boat or watercraft, its owner, and the family from boating or watercraft damages that are incurred while operating the vessel and accidents resulting from it.

Property damages:

Liability insurance will help cover the damage caused to another boat or object including reimbursement for the cost of a vessel dependent if you have the correct policy in place.

Injury costs

A general liability boat or watercraft policy will help cover the medical costs of injuries to people and lost wages of the injured party.

Spills

The costs of gas and oil spill cleanup as a result of an accident is easily covered. This policy includes coverage of the expenses of operating personnel, cleanup, equipment, and disposal costs.

Uninjured boater protection

It is smart to be covered by an insurance policy while operating a boat or watercraft in the Georgia waters since any accident might make the owner responsible for the other party’s medical costs and other losses. Also, the coverage is going to pay for the boat owner’s losses due to an accident in case the other party does not have any liability coverage.

It is a wise thing to consider financial losses resulting from watercraft accidents and spills. It is best to consult an insurance policy provider such as Premier Choice Insurance in Buford, GA to discuss the details of the coverage. Our agents can provide you with the knowledge you need to choose a policy to fit your needs.

3 Reasons You Need Life Insurance

We’re all going to eventually pass away. When we are young, we hardly ever think about it or what it will be like for our families after we are gone. The truth is, we never know when our day is up. For some people, it can happen suddenly and unexpectedly while for others there is plenty of warning. Either way, it is important to have life insurance in place before you pass and we’ve listed three reasons why.

Pay for Your Funeral

  • Funerals are expensive no matter what. The expenses include preparing the body, having a wake, purchasing a coffin, the burial or cremation, and dinner afterward for guests, for example. When this time comes, having life insurance will take the financial strain off of others to pay for your funeral expenses.   

Pay off Your Debt

  • What happens to your credit card debt in Gainesville, GA when you die? It still needs to paid and the money will have to come from your estate one way or another. The easiest way to take care of any outstanding debts you may have upon death is to have a life insurance policy big enough to cover them and the funeral, with some left over.  

Money for Your Family

  • After you die, a life insurance policy can make the difference between a financial strain and financial health for your family. However, with a sizeable life insurance payout, your family will not have to worry about money.  

If you don’t have a life insurance policy in Gainesville, GA, Premier Choice Insurance is here to help you get started. We can help you find the right insurance policy for exactly what you and your family needs. You can reach a friendly insurance agent at Premier Choice Insurance by phone or drop by Buford, GA for a visit.

3 Little Known Factors Affecting Your Car Insurance Premiums

Although virtually every driver knows how to purchase an auto insurance policy, very few seem to be aware of what the facts are. Moreover, in a world brimming with misinformation, it can be tough to discern between auto insurance fiction and auto insurance fact. That said, the following is an overview of 3 little-known factors that may be affecting your car insurance premiums. 

Age

No matter how skilled and safe one may be on the road, your age will play a role in your car insurance costs. Given that studies have shown that those between the ages of 30-69 are less likely to be involved in a crash, those under the age of 25 often pay increased rates for their insurance coverage. Depending on the state you live in, there might not be much you can do at this point. However, by remaining a safe driver, you will ensure that your premiums are lowered as you age. 

Type of Vehicle

Depending on the type and even the color of your car, you may also have to pay a little extra. For instance, since those who drive sports cars are known for speeding, you will likely have to pay a little extra to ensure yours. It has long since been a known fact that those who drive red cars are also considered a higher risk. In other words, be mindful of the car and color you choose. 

Gender

Lastly, your gender can also play a role in how much you pay for auto insurance. Since younger males are known for causing crashes with fatalities, it will typically cost this demographic the most to get coverage under the age of 30. Be mindful of this, every infraction has the propensity to increase your premiums.

For those who live in the Buford, GA area, let Premier Choice Insurance serve you. Call, stop in, or email us today, one of our independent representatives can answer any questions or concerns you may have. As a standout insurance company in Buford, GA, let Premier Choice Insurance be your go to company for all your insurance needs!

Commercial Auto and General Liability Requirements

Pay attention to the laws that define your business’s insurance needs in Flowery Branch, Gainesville, or Buford, GA so you can make better decisions on which policies are essential.

Commercial Auto Insurance

Whether you own a restaurant, a hardware store, or an insurance business such as Premier Choice Insurance, you are required by Georgia state law to purchase separate commercial auto liability insurance for any vehicle you use for said business. Liability insurance covers injury or property damage in case of an accident. Since 2010, drivers have had to buy a minimum amount in bodily injury insurance to cover accidents with other drivers. Additionally, a minimum in bodily injury is required to pay for additional passengers in an accident. Drivers also need a minimum in property damage liability coverage for property damages.

Commercial Liability Insurance is Not Mandatory

Commercial Liability Insurance is actually not required for Georgia businesses. Georgia labels itself an "entrepreneur-friendly state."  However, just because it isn’t required doesn’t mean you shouldn’t get it. It only takes one frivolous lawsuit to jeopardize your business, and Georgia has no limit on compensatory damages.

However, in Georgia, there is no cap on a number of compensatory damages that can be awarded. Punitive damages are capped at $250,000 unless the person making the claim can prove that the defendant meant to cause harm. It is a good practice to invest in commercial general liability insurance to protect your business and limit your risks.

If your business needs insurance, contact Premier Choice Insurance in Buford, GA with any questions on commercial insurance you might have, or visit our office to receive a quote.

 

Will Home Insurance Cover Tree Damage?

There’s a lot of trees in Buford, GA. If your property has any number of trees on it, you will have to consider what can happen if those trees damage your home or other parts of your property. Trees can also cause unexpected injuries and damage to your car, as well. Your home insurance may not always cover such eventualities.

What Can a Tree Do?

As stated, trees can damage property and cause injury. There are several ways they can do this. Falling branches can strike property or people. Dying or diseased trees can fall over. Branches can grow into and entangle with utility lines.

All of these things can occur from trees on your property. However, there’s also the possibility a neighbor’s trees can cause damage to your property as well.

Will Your Home Insurance Cover You?

It is not a given that home insurance will pay for tree damage, even if that damage occurred in a storm. It’s important you look over your policy carefully or discuss it with your home insurance agent. Even when there’s coverage for tree damage, there’s likely some very specific rules for how that coverage works.

Deal with Your Trees

No matter what, you should proactively deal with the trees on your property. You may need an assessment from a professional to help you figure out if your trees pose a danger of any kind. In some cases, your home insurance provider will work with you if you identify potential dangers such as a dying or diseased tree.

Bring Up Potential Tree Damage from the Start

It’s a good idea to know what your home insurance will cover beforehand. At Premier Choice Insurance, we want to give you the coverage you need. Call Premier Choice Insurance today for an insurance quote, or to ask us about how we deal with tree damage in Buford, GA.