Do You Qualify for Classic Car Insurance?

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Owning a classic car can be a fun and rewarding experience, but you must ensure that you have the proper insurance coverage on your vehicle for security and to protect your investment.

Although classic cars are not generally driven on the roadways as much as a regular vehicle, you must ensure that your coveted possession is adequately insured in case of a fire, theft, vandalism, natural disaster, or an accident.

How classic car insurance works

Most vehicles, including brand-new ones, depreciate in value over time, unless you own a classic car. Many of those vehicles will appreciate in value over time, so you will want to have enough coverage for your investment through the process of obtaining specialized insurance.

Check For Eligibility

There are some requirements that your vehicle must meet to be considered a classic car and to be eligible for classic car insurance.

To be considered a classic car, a vehicle must be at least ten-years-old to 24 years-old with historical interest. Examples of this are muscle cars or hot rods. To be considered an antique car, your vehicle must be 25 or more years old with historical interest. Your vehicle should only be used in a limited capacity and not used for everyday activities.

The condition of your classic car is important since it must be maintained, preserved, and restored or currently undergoing the restoration process to be considered for classic car insurance. You must also have your classic car stored in an enclosed building for safekeeping and to qualify for an insurance policy.

Obtaining a Policy

Most policies for classic and antique cars include several coverage options, such as comprehensive, liability, collision, and more. The agents and staff at Richards Insurance Agency in Lincoln, NE are ready to answer any questions you may have about classic car insurance and to assist you in obtaining the best policy for you and your prized possession. Visit Richards Insurance Agency in Lincoln, NE for more information.

How to Save on Your Auto Insurance in Nebraska

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Do you want to know how you can save money on auto insurance in Lincoln, NE? There are many tricks and tips for you to do just that. A reputable insurance company like Richards Insurance Agency can help you understand how it all works.

Give Complete Information

When you fill out an online form or call to get a quote, make sure you’re giving all the information needed and that it is correct. Your premium quote will reflect the details you provide so you don’t want to do it halfway.

Establish Solid Credit History

Insurance agencies often use credit information in order to determine the price of an auto insurance policy. Since research tends to show that individuals who manage their credit well have fewer claims, do your best to have a good credit rating. It’s in your best interest to check your record often. If you see any errors, correct them right away.

Ask About Discounts

Though not every company offers insurance discounts and not at all times, it’s a good idea to check anyway. You may find that the agency has discounts for a good student driver under the age of 25 if there are two or more drivers on the policy, and if you have home insurance or some other type of insurance bundled together with your auto insurance.

Keep Your Driving Record Clean

Many companies charge lower insurance rates to people who are considered safe drivers, that is they have no violations or at-fault accidents. There are different guidelines within each insurance agency to determine the price in this instance.

If you’re hesitant to ask these questions and want to find out if you qualify for a lower insurance rate, contact Richards Insurance Agency today. An agent can discuss if you’re eligible for a lower rate based on certain circumstances for your Lincoln, NE insurance.

Dogs & Umbrella Insurance: What Homeowners Need to Know

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Dogs are wonderful, loving animals that can quickly become trusted members of our family. They serve as our companions, and often, they can warn away intruders and protect us from harm. Unfortunately, dogs don’t always know the good guy from the bad. So if you’ve ever been worried about your dog nipping or biting a guest (or the dreaded delivery personnel), then it is a good idea to review your Lincoln, NE insurance policy for its policy related to dogs. Here’s what to know:

Dogs & Umbrella Insurance: What to Know

Even if you have a seemingly comprehensive homeowner’s insurance policy, you may not have coverage for medical damages and legal expenses related to a dog bite. Most homeowners’ insurance policies, including those offered by our team at Richards Insurance Agency, cover your home and personal property in the event of a theft, disaster, or similar situation. They tend to have strict limits on the financial protection for guests who are injured in your home. You may have some personal liability and medical payment coverage. Still, it is often a token amount, and generally, it will only cover situations that occur within your own home and not if you’re, for example, walking your dog down the sidewalk. 

For the best financial protection and protection for off-home and in-home biting incidents, you need umbrella insurance. Umbrella insurance is a type-of add-on policy you can get that will provide extra liability coverage and legal defense costs for situations that occur outside the scope of your general insurance policy. Given that dog-related claims now account for a whopping one-third of personal liability claims, getting this extra protection makes financial sense. 

Learn More at Richards Insurance Agency

For more information about umbrella insurance, contact our team at Richards Insurance Agency in Lincoln, NE today. 

How Much Life Insurance Do You Need?

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How much life insurance you will need will depend on financial and personal circumstances. You will need enough to replace income and cover dependents’ expenses, including any future ones.

  • Financial Obligations: If you aren’t sure about your financial obligations, start with considering your debt. If you die with outstanding debt, your survivors may be responsible for it if they cosigned on a loan. You want to make sure you leave enough for beneficiaries to pay off the debt, especially if it’s a home or family car. Be sure to factor in the cost of raising children. If you have dependents, this may mean you need to increase your life insurance policy. If you have kids, you may also want to factor in the cost of college when getting life insurance. Plan what college costs will be and take into account increases over time.
  • Personal Considerations: Your age and health not only determine how much you should get but for how long you will want it. The older you get, the less you need because you should have fewer dependents and less debt. As you get older, the more expensive life insurance becomes. So, it’s best to purchase a policy when you are young and healthy to get a more affordable rate. How much life insurance you can afford should be a consideration as well. A life insurance policy isn’t good if you can’t afford it.

An agent at Richards Insurance Agency in Lincoln, NE can help you determine how much coverage to get. It’s good to tally up your resources, which include liquid assets and after-tax income. Then figure out your financial obligations with expenses and debt. Subtract liquid assets from financial obligations, and this is your coverage gap. Your coverage gap is how much insurance you should have. 

Contact Richards Insurance Agency in Lincoln, NE to get a quote on life insurance and have your questions answered.

A Startups Guide to Commercial Insurance

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The energy and effort that surrounds a startup means that there is a lot of attention to details but any incident or accident can prove perilous. Commercial insurance can mean the difference between recovery and failure should the unthinkable occur. Consider how commercial insurance policies are designed to protect the business financially.  It’s a tool that covers everything from physical structures to the corporate fleet or even copyright infringement cases. That’s a lot in one tiny package. Our team at Richards Insurance Group can help you get your Lincoln, NE area business protected. They will get to know your business then make recommendations so you can quickly move forward.  

For businesses, policies are designed to cover specific aspects of the operation. Property insurance was created to protect any buildings or structures that they own.  It will also cover the company’s inventory and equipment. The policy will also provide a general liability product.  This is important if a customer has an accident on the company property.  Some companies will also want to consider additional liability coverage if they produce products or provide professional services. These protect if someone sues for a defective product or professional negligence. Workers compensation is in place to protect any worker who has a job-related accident. Many companies also look into policies that provide ‘business interruption’ coverage or ‘loss of income’. This is helpful if an event interrupts the normal conduct of business. It’s like a bridge to quickly recover from any event.  

New companies need the protection that commercial insurance provides. Any time that an accident or disaster occurs, it is a threat to the continuation of the operation. The right insurance plans allow normal operation to resume more quickly. Our agents at Richards Insurance Group understand what businesses in the Lincoln, NE area face every day. To get started, get information from the website then visit our offices today. It’s never too soon to protect your growing business.

Benefits of a Home Insurance Policy

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Home Insurance Benefits

You’ve worked hard to have a home of your own. Now you need to protect it from threats like fire, severe weather, and other known perils. 

Your lender may require you to carry a certain amount of insurance while you have a mortgage. Whether required or not, home insurance offers you many benefits. Consider the policy to be financially protected should the unthinkable occur. Damage from fires and other perils are very costly to repair or replace if the home should be effected. Our team at Richards Insurance Group are ready to work with homeowners in the Lincoln, NE area to help them understand their insurance options. 

What can Home Insurance Do?

Home insurance not only protects the physical house, but it also covers the home’s contents. It will also include any buildings or structures on the property, such as pergolas, fencing, or sheds. For valuable collections, such as firearms or artwork, additional coverage may be needed. The liability portion of the policy will protect you if someone is injured in an accident on the property and you are deemed responsible. Should they decide to take you to court, the legal expenses and medical bills can be challenging to handle. Our agents will help you have a clear understanding of everything that is covered by the policy and, more importantly, what isn’t.

What does Home Insurance not Include?

Most home insurance policies will not cover flooding or earthquakes. These situations need to be handled by a separate policy which you can obtain in a flood or earthquake policy.

Should a disaster occur, personal belongings and the contents of the home will be covered. If your house is not habitable or has been destroyed, the home insurance policy will cover your expenses on hotels and restaurants until you can return. Our team at Richards Insurance Group knows you want to protect the investment in your home in the Lincoln, NE area. Visit our website to use our online rating tool for quotes on home and auto insurance. Reach out to our agents to have your questions answered.