Many people are unsure what an Arkansas umbrella policy is or what it covers. We will explain the basics of a umbrella Insurance policy and the benefits to you. When you are outside and there is a light rain or breeze you generally don’t need or want an umbrella. However, if it is pouring down rain with high winds, you take your umbrella. An umbrella insurance policy works much the same way.

Umbrella Insurance provides extra protection or limits above the liability insurance you currently have. Just as an umbrella protects you from heavy rain, an umbrella insurance policy protects you from losing the entirety of your wealth and assets in the event of a claim. Umbrella insurance can provide limits above your personal auto and home policies.

Here is an example: John Doe falls asleep while driving and hits a van with a family inside. The accident results in $600,000 of medical bills, but John Doe's auto policy has a $500,000 limit. Fortunately, John Doe also has a $500,000 umbrella policy, and the additional $100,000 would be covered under the umbrella policy.

Umbrella insurance provides broad insurance beyond traditional home and auto. It provides additional liability coverage above the limits of homeowner's, auto, and boat insurance policies. It can also provide coverage for claims that may be excluded by the primary policies

 

It is true that personal umbrella insurance may not be for everyone, but if you are building financial resources for your future, are a professional, own your home, boat or recreation vehicle, you should consider an umbrella insurance policy.  Having the added protection of an Arkansas umbrella insurance policy is coverage no one should go without. Call Kohler & Green Insurance today, for a free review. 

We are always searching for ways to help our clients save money on their auto insurance. Saving money on your Arkansas auto insurance is a relatively quick way to lower the cost of operating your auto, and can be accomplished with a quick phone call to our Agency. There are many ways to lower your auto insurance costs without eliminating needed coverage. Here are a few ideas to consider:

o  Use an independent agent to provide a quote. We are an independent and have access to many markets that provide competitive premiums on car insurance.

o  Many insurers offer discounts if you have some of the following features on your auto insurance:

·         Anti-lock brakes

·         Airbags (driver/passenger, driver/passenger/rear seat, side impact, etc.)

·         Automatic seat belts

·         Anti-theft device (active or passive)

·         Daytime running lights

o  Multi-vehicle discount (if you have more than one vehicle on the policy).

o  You can receive discounts if you combine your home and auto with the same carrier.

o  Good student discount.

o  Increase your deductibles, especially if your car is older

o  Good driver discounts.

o  Consider raising your collision and comprehensive deductibles if your vehicles are older.

o  Customer loyalty- if you stay with a company for a period of time, you can receive discounts each year.

o  Maintain good credit. Credit scores have an impact on your premiums.

o  Drive safely and don’t get tickets.

o  Consider insurance when making your car purchase. Some vehicles are more expensive to insure.

 (not all these are available in every state)

 

As your independent agent, we are here to help you find the best possible combination of price and coverage on auto insurance as well as home, RV, watercraft and business insurance. At Kohler and Green insurance agent can help you determine the price, coverage and service that best meets your needs. Give us a call today.

We know choosing the right Arkansas Commercial Insurance for your new business is an important decision. Kohler and Green has the experience to market your Arkansas Commercial Insurance and provide you with options for your new business. Whether you're a store owner, distributor, office professional, or wholesaler, you need Arkansas Commercial Insurance to protect you and your new business against the unique risks and exposures you face. Here are the types of Arkansas Commercial Insurance you should consider when selecting and designing your business insurance program:

Arkansas Commercial General Liability: Covers third party liability claims, namely claims against you from a customer or visitor on your premises, or who may be injured by your business activity or product.

Example: A customer slips on your driveway, trips on your steps, or injures himself on your premises, or customer is injured as a result of your product or service.

Arkansas Commercial Business Property Insurance: Insures your building and contents both on and off premises.

Example: A fire destroys your entire building and equipment.

Employee Dishonesty Coverage: Protects your company from financial loss resulting from employee theft of money, securities, or property.

Example: An employee steals money from your company.

Arkansas Workers Compensation: Provides compensation for your employees for medical care in the event they are injured on the job, including medical benefits, income benefits, death benefits, and rehabilitation benefits.

Example: You own a delivery company, and an employee is injured while making a delivery.

Arkansas Business Auto: Provides insurance coverage for your company’s cars, trucks, trailers, vans, or other vehicles.

Example: You’re a beverage distributor making a delivery in the company van when another vehicle runs a stop sign and hits you.

Arkansas Professional Liability: Covers you for the failure to perform professional services. If you design something or perform work which does not meet standards or expectations, you could be sued for the cost of the contract, damages, or lost business revenues by your customer.

Example: You are an architect and one of your buildings has developed a mold issue due to poor roof design.

Business Interruption Insurance: Provides protection from loss of income and extra expense if your business suffered a loss and you were unable to operate for a period of time.

Example: A major storm hits and your restaurant is completely flooded. You have to close for a month to repair all of the damage.

Equipment Breakdown Insurance: Provides coverage for the accidental breakdown of equipment.

Example: A power surge damages your computer network.

 

Of Course there are other coverage’s you will need, but these are some of the basic kinds of insurance. Call us today for more information.

Halloween is fast approaching. All kids love to dress up, get together with friends, and go door-to-door hoping to find the full size candy bar.

A little pre-planning can prevent unfortunate accidents that could turn out to be tragic for kids and trying for you. Here are some pointers for ensuring your house is a safe place for trick-or-treaters on Oct. 31.

Pets first. Dogs, cats, and other furry family companions get scared when oddly dressed strangers approach their door in droves. Make sure your pet is in a safe and comfortable space or take them to a secure, relaxing offsite location for the evening.

Clean up your yard. If your yard gathers stuff - like toys, rakes and other yard tools, hoses, tree branches, you name it - take the time to clean it up. Make sure your yard is free of potential hazards and create a clutter-free walking path well before dusk falls this Halloween.

Are all your lights working? Make sure you offer a well-lit path.

Candles. Candlelit pumpkins should be placed on a sturdy table.

Turn it off. When you’re done for the night, make it obvious by turning any and all inviting lights off.

Decorations. Don’t go overboard with decorations, they can cause fires and injuries.

 

Safety tips for kids

  • Never, ever go into a house
  • Go with friends
  • Costumes should be short enough to prevent children from tripping and falling
  • Young children should always be accompanied by an adult or an older, responsible child
  • Only go to homes with a porch light on
  • Plan costumes that are bright and reflective
  • Don’t eat homemade food
  • Look at all wrapped candy, if it has been opened toss it out
  • Use a flashlight 

 

 

Most Arkansas homeowners and businesses buy insurance to cover the repair/replacement of loss of damaged property. Generally speaking, insurance companies do a good job of managing claims and helping the owners get their property back to a pre-loss condition. One important part of the insurance process is to understand the difference between Replacement Cost (RC) and Actual Cash Value (ACV) coverage. Let’s start with definitions of each:

 

Replacement Cost (as defined by the International Risk Management Institute)

A property insurance term that refers to one of the two valuation methods for establishing the value of most of the insured property for purposes of determining the amount the insurer will pay in the event of loss. It is usually defined in the policy as the cost to replace the damaged property with materials of like kind and quality, without any deduction for depreciation.

Actual Cash Value (as defined by the International Risk Management Institute)

ACV is typically calculated one of three ways: (1) the cost to repair or replace the damaged property, minus depreciation; (2) the damaged property's "fair market value"; or (3) using the "broad evidence rule," which calls for considering all relevant evidence of the value of the damaged property.

The Value of Replacement Cost Coverage

When you suffer a loss of building or equipment you want to have the funds to replace it, as close to the actual item cost as possible. Replacement cost does that. This is especially true for companies that have expensive production equipment. We will always recommend replacement cost coverage.

 

Replacement cost coverage is designed so the policyholder will not have to spend more money to get a similar new item and that the insurance company does not pay for intangibles.homeowners and businesses buy insurance to cover the repair/replacement of loss of damaged property. Generally speaking, insurance companies do a good job of managing claims and helping the owners get their property back to a pre-loss condition. One important part of the insurance process is to understand the difference between Replacement Cost (RC) and Actual Cash Value (ACV) coverage.  Let’s start with definitions of each:

Replacement Cost (as defined by the International Risk Management Institute)

A property insurance term that refers to one of the two valuation methods for establishing the value of most of the insured property for purposes of determining the amount the insurer will pay in the event of loss. It is usually defined in the policy as the cost to replace the damaged property with materials of like kind and quality, without any deduction for depreciation.

Actual Cash Value (as defined by the International Risk Management Institute)

ACV is typically calculated one of three ways: (1) the cost to repair or replace the damaged property, minus depreciation; (2) the damaged property's "fair market value"; or (3) using the "broad evidence rule," which calls for considering all relevant evidence of the value of the damaged property.

The Value of Replacement Cost Coverage

When you suffer a loss of building or equipment you want to have the funds to replace it, as close to the actual item cost as possible. Replacement cost does that. This is especially true for companies that have expensive production equipment. We will always recommend replacement cost coverage.

 

Replacement cost coverage is designed so the policyholder will not have to spend more money to get a similar new item and that the insurance company does not pay for intangibles.

Fort Smith

7320 Rogers Ave
Fort Smith, AR 72903
(479) 484-9888
(Fax) 452-9946

kenny@kohlergreen.com
carmon@kohlergreen.com
sara@kohlergreen.com

Van Buren

615 North Plaza Drive
Van Buren, AR 72956
(479) 474-9888
(Fax) 922-2288

rsunshine@kohlergreen.com
breann@kohlergreen.com

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