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Can anyone buy flood insurance?

Flooding is one of the most common and serious natural disasters that face Americans. In recent years, places have seen flooding for the very first time. Nowhere is safe from the ravages of flooding. If you are a homeowner, renter, or business owner, you may wonder if you can buy flood insurance?  Stated, almost everyone can benefit from flood insurance. At Anthony Lancaster Insurance Inc. in Memphis, TN, we are independent agents who offer personalized service to meet our customer’s needs. 

Flood insurance is a national program managed by FEMA (Federal Emergency Management Agency) and delivered directly through the NFIP (National Flood Insurance Program) or one of the 60 or so approved carriers. This is a great program that allows you to purchase protection from floods. It is sold in two parts, building and contents. You can purchase one piece or both, and it is up to you. 

Building coverage covers the physical home. Things like the roof, the foundation, the main systems such as electrical, plumbing, heating, and cooling. It also covers anything permanent in the home, like flooring, cabinets, built-in appliances, bathroom fixtures, and built-in furniture. Flood insurance does have limits and exclusions. The most flood building insurance that you can buy is $250,000. 

Contents flood insurance covers moveable things. It covers your furniture and your clothing. It covers your washer and dryer and small appliances in your kitchen. It will pay for your children’s toys and yours as well, depending on what they are. Your electronics are also covered. The most content coverage that you can buy is $100,000. 

If you are not eligible for NFIP insurance, it doesn’t mean that you can’t have flood insurance. Other options are available. 

Contact Anthony Lancaster Insurance Inc. in Memphis, TN for all your insurance needs. 

What benefits does commercial insurance provide to a Memphis business?

The Memphis, TN area is an extensive area and also attracts plenty of tourists each year. Due to this, it is an excellent place for anyone to own a business. If you are going to own a business in this area of the state, you should make sure that you get the right insurance coverage. There are several reasons why you should get a commercial insurance policy for your company. 

Insurance Protects Investment

One of the key benefits of getting a full commercial insurance policy is that you will receive protection for your investment. Starting a business will always require a capital investment into assets, inventory, and equipment. When you get commercial insurance, you can receive protection for your business assets.

Liability Coverage

A business owner will also benefit from a commercial insurance policy due to the liability coverage it provides. Businesses take on liability risk daily. If you are at fault for an accident and do not have coverage, it could cost a lot out of pocket. With a commercial insurance policy, you will receive the protection you need to mitigate this risk. 

If you are going to get a commercial insurance policy for your Memphis, TN area company, it is crucial that you thoroughly assess your needs and options. Since this can be a complicated task to take on, it would always be a good idea to speak with a team that you can trust. The insurance professionals at Anthony Lancaster Insurance Inc. can help you to find a commercial insurance policy that offers the right type and level of coverage. Anthony Lancaster Insurance Inc. can do this by working with you to ensure your risks are understood and mitigated as well as possible. 

What are the benefits of a home insurance policy in Tennessee?

Anyone that lives in the Memphis, TN area will have plenty of great housing options to consider. One excellent option that all people have when it comes to finding a place to live is to own your home. Property owners here will benefit from a wide range of advantages that come to property owners. When you are going to own a property here, it is crucial to get it adequately insured. Several benefits come to those that invest in a home insurance policy.

Coverage for Assets

One of the main benefits of a home insurance policy is you will receive coverage for your assets. A property owner in Tennessee is going to have a very valuable asset that took a big personal investment. Additionally, they will have plenty of personal items that are stored in their home. When you get a full home insurance policy, you are going to receive the coverage you need to protect your dwelling and personal items.

Protection for Liability

Another advantage of having a home insurance policy is that you will receive protection for liability. There is always the risk that you could have a guest over that gets hurt or sick. When this occurs, you will want to make sure that you have the appropriate insurance coverage. A full home insurance policy will give you coverage to protect against this risk.

When you are shopping for a home insurance policy in the Memphis, TN area, you should call the team at Anthony Lancaster Insurance Inc. When you call the team at Anthony Lancaster Insurance Inc., you can learn a lot more about all of your insurance options. This will help to ensure you are able to choose the right policy for your situation.

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