What could happen if I do not have auto insurance in Arkansas?

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People that live in the Harrison, AR area will find owning a vehicle is a good idea as it will make it much easier to get around the community. If you are going to own a car when you are in this area, you also need to get auto insurance. This coverage is required in practically all situations and offers great protection. There are a few things that could happen if you do not have this coverage. 

Be Responsible for Damages and Losses

A key reason that you should have insurance is that it will give you financial protection if you cause an accident or incur a loss. If you are responsible for an accident, you will need to pay damages out of pocket. Further, if your vehicle is stolen or damaged, you will want to have coverage to help you replace it. If you do not have insurance, you will need to cover all of these costs out of your own savings. 

Legal Penalties

In Arkansas, all drivers are obligated to have auto insurance at all times. If you do not have this coverage in place, you could face various penalties. Those that are caught without insurance could be fined and may even lose their right to drive temporarily. Further, you could be in default of an auto loan if you don’t maintain this coverage. 

When you are a vehicle owner in the Harrison, AR area, it will be very important that you continue to take your insurance needs seriously. The team with Foresee General Insurance Agency Inc. can continue to provide you with the support needed to assess your insurance situation and needs. Foresee General Insurance Agency Inc. is able to do this by taking a personalized approach and offering the right guidance while you are selecting your next plan.

Does a home business need commercial insurance?

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Home businesses are particularly popular right now. They account for almost half of all small businesses. Just because a business is home-based, it is not financially responsible to treat it less seriously than you would a business in a storefront. All the dangers that face any business are also faced by home businesses. Simply stated, yes a home business needs commercial insurance. At Foresee General Insurance Agency Inc. in Harrison, AR, we are an independent agency that strives to give our clients the choices and information they need to protect their business. 

Property insurance

Commercial property insurance offers different coverage from home insurance. Home property insurance will cover your physical home from a variety of perils. Content coverage protects your personal items in your home. With a home business, you may have a lot of other things related to your business that home insurance won’t cover. You may have office equipment, records, machinery, inventory, and raw materials. In order to cover what you need to do business, commercial property insurance is a must. 

Liability coverage

Liability at home is somewhat different from business liability. Home insurance covers a visitor who visits your home, but when someone visits for business, home insurance won’t cover them. You could be left holding the bag for medical expenses as well as a legal suit against you. It just isn’t worth the risk. With a commercial policy, you would have the amount of liability coverage you need. 

Business interruption coverage

Small home-based businesses are particularly vulnerable to business interruptions. When a business can’t operate because of a covered hazard, the bills don’t stop. You have no income coming in but probably have outstanding invoices for things you have previously purchased. Business interruption insurance may be the only thing between you and closing your business. It is not something that you can have without a commercial insurance policy. 

Contact Foresee General Insurance Agency Inc. in Harrison, AR to discuss your home business insurance needs. 

Protecting Your Home Against Severe Weather

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Severe weather can occur at some of the most unexpected times. Though we have technology such as radar to help us forecast weather patterns, sometimes identifying exactly how strong the storm will be is not always possible. When severe storms roll through Harrison, AR, they can leave a wake of damage behind. Foresee General Insurance Agency Inc. experts understand the importance of insuring your home and protecting it against severe weather. 

Review Homeowners Insurance Policy

All homeowners should conduct a review of their insurance policy annually. Check the policy to ensure there is enough coverage for potential storms in the area and adjust accordingly. Additionally, let your insurance agent know about any remodeling or construction which added value to your home. 

If you live in an area prone to severe weather, check with your insurance agent about adding additional coverage. Additional coverage all homeowners should consider includes flood, hurricane, tornado, and hail. These weather events are not covered under standard homeowners policies, and if they are, the coverage is minimal. 

Conduct Regular Inspections

Regularly walk your property looking for things in need of repair because a small hole or a loose shingle can turn into a disaster when severe weather strikes. Fix anything needing repair immediately or call a contractor who can inspect your home and conduct the repairs. 

Maintain Your Yard

When high winds roll through, debris in the yard gets picked up and can cause significant damage to a home. Regularly maintain your yard, trimming and removing weak branches from trees—secure patio furniture and loose items in garages or sheds when severe weather is approaching. 

Severe weather can strike at any moment, and being prepared in Harrison, AR means you and your home are better protected. Contact an agent at Foresee General Insurance Agency Inc. today to learn how insurance coverage can save you, your family, and your home. 

What Legal Risks Do I Take if I Drive Without Insurance in Harrison, AR?

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People don’t spend a lot of time thinking about their auto insurance. In fact, until they have a fender-bender or need something repaired, they rarely consider it at all. But it is a good idea to think about it if you want to make sure you are following the law in your state.

Foresee General Insurance Agency Inc. reminds you that Insurance laws are allocated to the states so it’s important to note that insurance laws vary from state to state. If you live in Arkansas for example, you need to know that the mandatory requirements are:

  • $25,000 bodily injury liability coverage
  • $50,000 per accident
  • $25,000 property damage per person

Alternative coverage includes:

  • $25,000 Underinsured and uninsured motorist bodily injury coverage 
  • $50,000 per accident
  • $25,000 Underinsured and uninsured property damage per person

These alternative coverages are not mandated, but it’s a good idea to consider carrying uninsured and underinsured insurance in the event you are involved in an accident with an underinsured or uninsured motorist. If you have this coverage, your insurance will pay for your repairs and medical bills if the other party’s insurance doesn’t. 

Penalties for not carrying the minimums

The required insurance coverages are not negotiable. In Harrison Arkansas (or anywhere else in the state of Arkansas), penalties for failure to carry the required insurance are:

  • Mandatory fines ranging from $50-$250 per incident for the first offense
  • $250-$500 for the second offense
  • $500-$1000 for the third offense

Beyond that, you can also be subject to paying additional court fees and costs including jail time up to one year. You could even lose your license permanently if you are involved in an accident while uninsured.

Keep it in Your Car

Not only do you need to make sure you are carrying the minimums, but you are also required by Arkansas law to keep a copy of your proof of insurance in your car. If you do not have this in your glove compartment when pulled over, you will pay additional fines for failure to carry it in your vehicle. 

Why Risk It?

Arkansas is one of the many states that require auto insurance. It’s really not worth the risk to not carry it. So study the minimums and make sure you have the basic requirements covered. Then discuss your personal insurance needs with the professionals with Foresee General Insurance Agency Inc in Harrison, AR.

How Does Umbrella Insurance Protect Someone?

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Have you ever imagined what could happen if uncertainties strike in Harrison, AR, and you have exhausted coverage limits of other existing policies? It’s hard, right? Fortunately, umbrella insurance is an additional policy that protects you when the current limits of your typical insurance policies get depleted. Umbrella insurance shields you against property damage, injuries, and certain lawsuits for claims from third parties. 

 Would you like to learn more about umbrella insurance? Please connect with Foresee General Insurance Agency Inc. situated in Harrison, AR, for more information.

How does umbrella insurance protect someone?

Umbrella insurance is almost beneficial to all people since lawsuits can affect anyone. If you own a home, vehicle, accident, significant accidents can quickly exhaust your liability coverages. Besides, if you own a dangerous dog, participate in high-risk hobbies, or chair a charitable board, chances of being sued are high. 

 For these reasons, you need umbrella insurance to protect you in the below areas:  

Bodily injury liability

Umbrella insurance covers the cost of physical injuries you inflict on third parties. These costs encompass medical bills or liability claims propagated by incidences like:

  • A severe auto accident where you are found legally responsible
  • The harm that your dog inflicts on others
  • When a guest in your apartment slips or falls
  • Your neighbor’s kid falls while playing in your yard

 Property damage liability

This coverage caters to the cost of damage or loss you cause to another person’s tangible property. While you might have boat or auto coverages, these coverages can only do so much. Umbrella insurance takes over from where the other coverages leave off. 

 Personal liability protection

The best part about umbrella insurance is that it covers you against liabilities like libel, slander, and false arrest that aren’t covered by other base liability coverages. 

 Are you searching for umbrella insurance coverage in Harrison, AR to cushion you when your other prevailing policies are exhausted? Call or visit us at Foresee General Insurance Agency Inc. for a competitive quote. 

Flood insurance FAQs

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When it comes to natural disasters, it is hard to think of one that consistently causes devastation as floods. It doesn’t matter if you live in an exclusive community or a slum, the water will come, and it will cause damage. Even as little as one inch can wipe out many people’s savings. Being prepared is the only way to survive, and flood insurance is one of those preparations. At Foresee General Insurance Agency Inc. in Harrison, AR, we are dedicated to providing our customers with the knowledge they need to make educated decisions regarding insurance coverage. 

Why do I need flood insurance?

Many people think home or renters insurance covers floods. In most cases, it doesn’t. You need to purchase separate insurance to get flood coverage. Your lender may also be required to have flood insurance if you live in a flood zone. 

Do I have to get flood insurance through NFIP?

The NFIP offers flood insurance through its network of approved agents, but there are also private insurance policies available. You have the option to get your insurance through whichever method you prefer. 

What are the limits on the National Flood Insurance Programs policies?

The NFIP sells two different policies. They are sold separately, and you may buy one or both. One is the building policy, and that has a limit of $250,000. The second policy is for content, and the limit is $100,000. If these limits are too low for your property, looking into a private policy makes sense. 

Who is eligible for NFIP insurance?

To purchase NFIP flood insurance, you must live in one of the 1500 participating communities.

To learn more about flood insurance, contact Foresee General Insurance Agency Inc. in Harrison, AR. We will help you understand the best options for you. 

What is Condo Insurance?

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If you have a condominium in Harrison, AR, you should purchase condo insurance from Foresee General Insurance Agency Inc. This is important insurance coverage that helps cover the condo owner and the belongings inside. Usually, condo insurance can be in effect even when there is condo association insurance. Here are some of the perils that condo insurance can help you to cover. 

Personal Property Coverage

Personal properties such as furniture, clothing, electronics, and other items of value are usually included in condo insurance. If they are stolen, damaged by fire, or anything else happens to your personal property, this insurance property will help you recover everything without spending additional amounts.

As a condo owner, you will have to choose the personal property coverage that suits your needs. In most cases, personal property coverage can be in actual value or consider paying for replacement expenses. Always make sure you choose what meets your tastes and preferences.

Personal Liability Coverage

If a person is injured when visiting your property and determined that you are at fault, the condo insurance will help cover the necessary expenses. In this case, the insurance will be critical in covering the necessary medical expenses, which you might not cover from out-of-pocket expenses.

Sometimes, personal liability coverage can also be very effective in ensuring that it covers additional areas such as extra financial expenses needed for taking care of an injured person.

Choosing Condo Insurance Company

When looking for condo insurance in Harrison, AR, it is necessary to work with reputable insurance agencies like Foresee General Insurance Agency Inc. Our organization has been in this region for many years and has a comprehensive understanding of condo insurance policies. Call us today for more details. 

Exploring The Benefits Between Whole Life Insurance and Term Life Insurance

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Based in Harrison, AR, Foresee General Insurance Agency Inc. provides insurance coverage to the local community. We are committed to helping our clients regardless of their insurance needs. We will simplify the process of searching for insurance. We work with multiple carriers throughout Arkansas.

Discussing Whole Life and Term Life Insurance

Life insurance helps you plan out a road map for your future. Planning for the future is often an uncomfortable subject. However, having life insurance allows for a smoother transition once you have passed away. Life insurance helps you protect your assets and ease some burden off of your loved ones after you pass away. As you figure out which policy to choose, explore the benefits of whole life and term life insurance.

Whole Life Insurance

Whole life insurance provides extensive coverage. You are protected throughout your entire lifetime. You can help ensure that your loved ones have the resources to manage your affairs and settle your accounts after you have passed away.

Term Life Insurance

Term life insurance policies provide coverage over a specific period of time. Most of the policies are available in 10 to 15-year intervals. Term life insurance policies are an asset if you travel out of Harrison, AR to different places regularly or if you engage in high-risk activities where you can suffer a serious injury at any moment. You can set a fixed rate for your policy, or you can opt for renewable terms every year.  

Foresee General Insurance Agency Inc. Will Help You Find The Right Policy

Visit our website to learn more information about life insurance.

Learn About Auto Insurance

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Auto insurance is a special kind of monthly expense. It is probably one of your only expenses that are required by law. This makes auto insurance especially important, and it makes getting a good deal even more important. At Foresee General Insurance Agency, Inc., serving Harrison, AR, we want to help our clients and future clients make the best insurance choices. This is why we strive to provide great insurance information during the process. Keep reading to find out what you need to know about auto insurance. 

Why Is Auto Insurance So Important?

Driving can be risky. If you are involved in a wreck, you can sustain injuries that could cause thousands of dollars of medical expenses, not to mention your vehicle’s possible damage or loss. This could happen to you at no fault of your own, but you are still left financially vulnerable. Insurance policies strive to eliminate this financial risk. You may still get in a car accident, but if everyone in the accident were covered by insurance, you would not need to worry about paying for repairs or replacing your car. Medical bills will also be taken care of. This provides financial protection and peace of mind, which are crucial to our economy. 

What Does Auto Insurance Cover?

Auto insurance will provide coverage in the following general areas:

  • Comprehensive/Collision – This type of insurance will cover the cost of repairing or replacing your car if it is lost or damaged due to natural disaster, accident, or theft. 
  • Liability – This type of coverage will cover any expenses that might result if you caused a wreck. This can include repairs and replacement of the other car or medical bills. 

If you would like to learn more about our services, please contact Foresee General Insurance Agency, Inc., serving Harrison, AR.

Why Workers Compensation Is An Asset To Arkansas Business Owners

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Foresee General Insurance Agency, Inc. serves the Harrison, AR community and offers a wide range of insurance coverage. We like to help educate our clients so that they can find coverage that aligns with their individual needs. Our team proudly serves the community as an independent insurance agency.

The Benefits Of Workers Compensation

As a business owner in the Harrison, AR community, you are aware of the day-to-day responsibilities of organizing things. To protect your investment and help things run smoothly, consider the benefits of commercial insurance. The policy protects you against some of the risks associated with operating a business. You will be covered if any of your property is stolen or damaged. You are also covered if one of your customers is injured while visiting your business. One of the most important parts of your commercial insurance policy is workers’ compensation.

Workers’ compensation allows you to protect your business while also showing how much you love your employees. The policy primarily protects your business if one of your employees is injured in the marketplace. Workers’ compensation prevents you from being held liable for potentially huge losses and damages that may arise through a liability dispute. Workers’ compensation will cover your employees as they go through the rehabilitation process. The policy covers your employees if they pursue forms of physical therapy or other innovative treatment methods. If your employee becomes disabled, workers’ compensation will protect your business and provide coverage.

Workers’ compensation is an asset to your business because it shows your employees that you value their contributions to the company. This can help you attract some of the top talents in the industry. A good workers’ compensation policy not only protects your business but sets it up to have success in the future.

Foresee General Insurance Agency, Inc. Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.