Owning and driving a motorcycle in Kentucky state can be fun and rewarding with many miles of beautiful roads to travel. It is important to not only have adequate insurance to be able to operate your motorcycle on roadways legally but to have the right type of coverage as well. Choosing a professional insurance company is another factor in getting quality coverage.
The agents at Palacio Miller Agency of Louisville, KY have helped countless motorcycle owners get the right type of insurance for maximum protection. We can walk you through your policy and will be happy to answer any questions you have.
Types of Motorcycle Insurance
Beyond standard liability and uninsured motorist insurance, there are other coverage options to consider. They include:
- Collision – This type of coverage will apply to fixing damages to your motorcycle subtracting your deductible.
- Personal Injury Protection – Injuries that you and passengers sustain are covered by this insurance. Pedestrians that are involved in an accident might be covered too. Availability of personal injury protection varies state by state so check with your insurance provider.
- Medical Payments – Similar to PIP, medical payments cover medical expenses for you and passengers. However, it does not cover lost wages and other costs from accidents.
- Comprehensive – When your motorcycle is stolen or damaged in a non-collision accident, comprehensive insurance will pick up expenses. This coverage requires a deductible.
Expert Insurance Agents in Louisville
If you live in the great state of Kentucky and need quality motorcycle insurance, contact Palacio Miller Agency of Louisville, KY. Our experienced agents will help you get the best motorcycle insurance coverage and rates. Call us for a hassle-free quote today.
In Kentucky, there is one type of commercial insurance that is required for most small businesses, and there are many other types of commercial insurance that are extremely helpful but not mandated. If you need commercial insurance for your business, call us at Palacio Miller Agency in Louisville, KY.
Workers’ Compensation Insurance
In Kentucky, sole proprietorships are not required to have workers’ compensation insurance. However, any business with one or more employees is required to have it, even if it’s just one part-time worker. This insurance is generally not required for corporate officers and partners of the business. For regular employees, this insurance provides payment for their medical bills and lost wages if they were to get injured at work. This is an important protection for your business, as medical bills can be extremely expensive.
Commercial Vehicle Insurance
It’s mandated by the state that every vehicle must have auto insurance. If your company owns a vehicle, it is highly recommended that you get a commercial vehicle policy, though it’s not required by the state. A personal policy on a business vehicle may not pay out when there is an accident because the vehicle was being used for business. A commercial policy keeps your business better protected.
The state does not require Kentucky businesses to have general liability insurance, but not having it for your business can be dangerous. Whether it’s injuries in a store, injuries from products, etc., you can be the target of lawsuits if you don’t have adequate liability insurance. There are many different types available for many different types of businesses to keep your specific company protected.
Get Your Commercial Insurance
If your Kentucky business doesn’t have commercial insurance, now is the time to get it. Call us now at Palacio Miller Agency in Louisville, KY to find out more.
Anyone that is in the Louisville, KY area will find that owning a home is a good idea. This part of Kentucky has continued to see demand for new housing and there is a strong local economy. While there are a lot of advantages that can come with owning a home, it is always important to remember that it is a valuable asset that needs proper insurance. There are a few reasons that home insurance should be considered a necessity here.
Coverage is Required for Mortgage Borrowers
A situation in which you will need to have home insurance is if you have taken out a mortgage. Anyone that has financed their home purchase with a loan will find that their lender requires them to carry home insurance throughout the term of the loan. In fact, many lenders will also require that you have your monthly payments escrowed. This ensures that you will not have a lapse in payment.
Coverage Protects Valued Asset
Even if your lender does not require you to carry insurance, having it is still a good idea. A proper home insurance plan will continue to protect your most valued assets. This includes giving you coverage to ensure you can repair your home following a fire or other incident that results in damage. It also can give you coverage and support for any of your personal belongings covered by the plan.
Those that want to buy a home in the Louisville, KY area should make sure they speak with someone that they can trust. The team with the Palacio Miller Agency is always a good resource to speak with when you are assessing your insurance needs. Palacio Miller Agency can offer a lot of support that will help you build a plan that will continue to provide you and your home with great coverage.