What is Motorcycle Insurance and What Does it Cover?

Ride your bike and feel the wind on your face, but not without motorcycle insurance.

Riding your motorcycle is liberating with the thrill of the ride. It’s a great escape and an expression of freedom. But you want to be protected while riding your bike so that if something happens, you and your bike are protected.

What is motorcycle insurance?

Motorcycle insurance is a coverage which provides financial protection in case of motorcycle accidents, theft, loss, and damages. This insurance covers liability in the event that you are responsible for another person’s injuries or property damage.

The standard motorcycle insurance policy covers a portion of the costs in case of damages to your bike. It also provides enough compensation if you’ve caused damage, harm to another individual, or legal fees when accidents happen. Included in the insurance is bodily injury and property damage liability if you are at fault in the accident.

Depending on your situation, you can customize your policy to include the following:

  • Medical fees if medical care is needed
  • Damage or loss of gear and upgrades
  • Uninsured/underinsured motorist coverage when the other driver is at fault
  • Comprehensive coverage to pay for damage due to ‘other collision’ including weather damages, damage from animals, and motorcycle theft
  • Full replacement of the bike if the motorcycle has been totally destroyed

It is important that you get a coverage that’s within your budget but doesn’t compromise your safety or the safety of your bike.

Do you need motorcycle insurance?

The state of Kentucky requires anyone who owns a motorcycle to have insurance coverage. So the simple answer is yes, you need motorcycle insurance. Kentucky is one of the two states with single liability limits. It is recommended to have an uninsured motorist coverage to save yourself from becoming a victim of uninsured drivers or underinsured drivers.

How much is motorcycle insurance?

Motorcycle insurance works similarly to car insurance. The price of your motorcycle insurance depends on the type of coverage you get. The more inclusions you have, the bigger the insurance payment is. For example, comprehensive coverage includes motorcycle theft or parts of it.

In case of loss, you can file an insurance claim and get the compensation up to the limits of your policy. If you have a $500 deductible, and you went through a $1,300 damage due to a collision, the insurance company will pay for the $800 while you pay for the first $500 to fully repair the bike. However, there’d be no compensation if the damage is less than the deductible amount. If you want to lower your deductible, you have to pay for premiums. If you pay a higher deductible your premiums will be lower.

Call our agents and customize your policy depending on your need.

London Insurance Agency services

Our agents in London Insurance Agency are experts in many insurance types. We are an independent insurance agency with a number of companies for your insurance needs.  We offer several insurance coverages to our clients including individual life insurance, auto insurance, and many more.

Give our agents a call and make sure to protect yourself from accidents and other damages.

Could Mobile Home Insurance be Right for You?

Home is indeed where the heart is, but not all homes are insured the same.

A home may be a townhouse, a condo unit, a bungalow, or a detached single-family home. In other cases, home means a manufactured/mobile home. These are more affordable and many people can call one their own. 

Kentucky Mobile/Manufactured Home Statistics: 

  • An estimated 560,000 residents live in mobile/manufactured homes
  • 36% of mobile homeowners are 60+ years of age 
  • The state produces over 2,400 mobile homes per year
  • Mobile homes take up 13.9% of all housing units

The numbers tell you just how many people are opting to get manufactured/mobile homes rather than a structured one. But mobile or not, this is still an investment and you need the same protection that homeowners have. You need mobile home insurance to make sure that you are protected when risks associated with mobile homes arise.

What is manufactured or mobile home insurance

Mobile home insurance is a specific kind of homeowner’s policy designed for mobile homes. Some companies refer to mobile homes as manufactured homes. A builder often makes the mobile home in a factory using light material compared to the traditional home. When the building process is done, the mobile home is placed on a permanent foundation. 

Since the materials used are light, mobile homes are susceptible to strong winds and other damages. The usual homeowners’ policy isn’t enough to address all the unique needs of mobile homes. 

What is covered in mobile home insurance?

The mobile home insurance is similar to a homeowners policy but with different inclusions and exclusions. The following are the basic inclusions in mobile home coverage. 

  • Property damage

This coverage pays for damages to your home minus the deductible due to a covered loss.

Flooding isn’t included in this coverage so you might want to get separate insurance for that

especially if you live near a flood zone. 

  • Personal property

This is helpful in case of theft or damage to your personal belongings. Itemize your valuables

and insure them at replacement value. Ask one of our agents to help you schedule and ensure

your items. 

  • Liability coverage

This is when someone sues you for damages and incidents on your property that you’re

responsible for. Liability coverage helps you pay the legal fees. 

  • Medical payments

If you get injured on your property, medical payments will pay for your medical bills. However, it doesn’t include serious accidents. You can talk to your agent and ask about the limitations of this coverage. 


Call us now! 

London Insurance Agency has partnered with some of the best companies for your online quotes. You can talk to our agents who will answer all your questions regarding your mobile home insurance.  We want to provide you with the insurance that you need at the lowest price possible without compromising the quality of service we give. 

Our staff are knowledgeable and packed with experience to help you get the best insurance coverage for your mobile home. 

Do You Have Individual Life Insurance Ready?

Make important decisions, not complicated ones. Buying life insurance is one of the important ones. Not getting a medical procedure because you don’t have insurance is one of the complicated ones.

Individual Life Insurance is important as it affects not only your present but your future goals as well. If you still don’t have one, or you already do and you’re thinking of replacing it with a new policy, there are some things that you should know about your life insurance rights.

Life insurance is a regulated industry in the state of Kentucky. The information can be found in Title 25, chapter 304 of the state Insurance Code. These rules are made to protect the consumers and to make sure that the life insurance industry operates honestly for the benefit of their consumers.

Purchasing your individual life insurance

Do not be pressured in signing for a policy the moment your agent gives it to you. The state gives you a 10-day period to look over your policy. If you are changing your policy, that period is extended to 20 days. This ensures that you have read and understood everything written down in the document. You can return the policy to your insurance company and get a full refund if you decide that this policy is not for you.

Grace Period

A policy owner has a grace period of 30 days when he/she misses a payment, the individual life insurance is still valid within that time even when the payment is late. If the accident or medical emergency happens in the period when you’re looking over the policy, the insurance company is still required to make a pay-out. These periods are withstanding so that consumers are protected in case of a missed payment or when they’re still making up their minds.

Who needs individual life insurance?

Life insurance is not for everyone. Rule of the thumb states that this policy is for people with dependents, they can be children, spouse, sibling, or an aging parent. Basically, anyone who is financially dependent on you.  It is tailored for working individuals with families to financially protect in case something happens to them. The insurance replaces their value in case the policyholders die.

Some others purchase life insurance upon getting married especially if the insured makes more money than their partner of the insured has financial dependents. If you are buying a home for a 30-year mortgage, this plan is perfect for you as well. If something happens to you before the mortgage is done, your policy has that covered.

London Insurance Agency’s Individual Life Insurance 

There are three types of life insurance – whole life, universal life, and variable universal life. Our agency is here to walk you through all the processes and help you decide which one is best for you. We have your best interest at heart. We are a home of an independent insurance agency and we’ve got some of the best companies for your quotes.

We serve Corbin, London, and the rest of the state of Kentucky. Our agency offers coverages that are tailored to all your needs.

If you want to learn more about these policies, give us a call at 606-528-5151.

Do You Need General Liability Insurance?

Is general liability insurance right for your business?

Protect your business at all costs with general liability insurance.

General liability insurance is also known as business liability insurance. This is a general policy that protects your business from general claims including damage to property and injuries. It’s a coverage that protects your business from unexpected expenses. So, do you need it? Quite frankly, yes! 

Businesses are protected by statutory limited liability, but that’s not enough and that’s not absolute, especially for smaller businesses. Smaller businesses have a more difficult time when they are sued. In order to protect your business and personal assets, you’ll want general liability insurance. 

Types of claims covered by general liability insurance 

Third-party claims are covered by general liability insurance. The following are the types of claims covered: 

  • Property damage – An example of this is when you are trying to repair your store and you accidentally damaged the property of the store next door. General liability insurance covers the repair cost. 
  • Bodily injury – this type of claim can get very expensive due to medical bills and other related healthcare costs. Sample cases would be a customer falling down the stairs and breaking a leg. Bodily injury claims like this are covered by general liability insurance.  
  • Personal and advertising injury – this type is related to how you advertise your business. If a competition claims that you are using similar advertising design materials that you are using and they want to make an advertising claim, you can use general liability insurance to cover the cost. 

General liability insurance is your business’ first line of defense against third party claims. However, it does not include employee benefits liability, workers’ compensation, or employment practices liability. Those coverages are separate and must be added or purchased. 

Do I really need it? 

If you want to make sure you’re ready when an unforeseen problem arises, then getting this coverage for your business is a great idea. It is best for new businesses that are using third-party locations, businesses using clients’ equipment, businesses that visit clients’ homes or offices. There may also be times when your clients will require for your business to have this type of coverage before they’ll do business with you. 

London Insurance Agency offers various types of business insurance that can protect you and your business at all cost. We could also make tailored plans that are specific to your needs. 

Homeowner’s Insurance and Firework Damage

There’s no better way to celebrate the 4th of July than with some fireworks, but how do they fit into your home insurance policy? 

Just a few days from now, Independence Day will be upon us. This means you’ll start seeing fireworks lighting the night sky soon enough. It’s common sense to use extra caution when firing off fireworks, especially when considering your homeowner’s insurance policy. 

According to the National Fire Protection Agency, Independence Day (July 4th) is the most common day for home fires and 50% of these fire accidents are caused by fireworks. As a homeowner, how do you protect yourself? 

Familiarize yourself with your homeowner’s insurance policy 

Homeowners insurance is a type of policy that protects you financially when your home or property is damaged. However, there are limitations to this coverage. Certain types of damages are not included in the policy which means that you’ll have to pay for the costs of repair. 

Insurance companies always investigate the cause and origins of fires to determine the damage and if the policy covers it. If the fireworks were used for legal purposes, then the damage is covered by the policy but the same couldn’t be said if the fireworks were used illegally or used to intentionally cause damage. Insurance companies do not pay for damages that were incurred legally or intentionally. 

What’s covered by your homeowner’s insurance?

If it’s found that the damage was caused by an accident, here are the usual things that are covered by your insurance. 

  • Injury – your coverage likely covers any medical bills if others were injured during the accident. But if you’ve harmed yourself, then your medical bills aren’t covered. If that’s the case, you can use your health insurance. 
  • Property damage – the coverage also includes damage to your neighbor’s home. 

Although the display of fireworks is part of the American tradition during Independence Day, they can still turn a happy day into a tragedy. Take the proper precautions to keep your home and your family safe. 

Lorraine Carli, spokesperson for the National Fire Protection Association says that there are no ways to use consumer fireworks safely. There are always risks if you are lighting them in your backyard. If you can, it may be better to appreciate the firework displays done by the professionals.

If you are not sure about your coverage, it is best to call your provider and ask for a rundown on the things covered by your homeowner’s insurance policy. London Insurance Agency offers several insurance services including homeowner’s insurance. Our agents do not only let you sign the paperwork but most importantly, they explain to you all the things you want and need to know about your policies and how far they can stretch. 

Give us a call or pay us a visit and our capable agents will be happy to serve you. 

Workers’ Compensation Insurance – Know your rights

Protect yourself, your business, and your employees by getting workers’ compensation insurance.

Starting a business is a difficult ordeal. It’s not just the investment, it’s more than that. One has to have courage, ample calculation, and the right insurance coverage.

The first thing that an entrepreneur must do upon opening the business is to protect the company and the people working for it. It’s so important, in fact, that state governments require owners to process this information the moment they start hiring employers.

What is workers’ compensation insurance?

Workers’ compensation insurance is for employees who are injured or have gotten sick due to their job. This insurance can pay for the worker’s medical expenses and their rehabilitation costs. The employee/s can also be paid if they miss work because of the injury. In some cases, death benefits are also given if the employee is killed in a job-related duties.

Benefits of Workers’ compensation insurance

As the business owner

No matter how safe your working environment may be, there are always risks present. Data from the US Bureau of Labor Statistics shows that employees miss at least eight days of work a year due to work-related injuries. In 2016 alone, private businesses experienced almost 900,000 occupational injuries and illnesses, and the number is growing.

Business owners are responsible if their employees are injured at work. Without the proper coverage, these medical bills might end up eating your investment slowly. You don’t want to push your personal money to the limit to pay for medical treatments.

As an employer

Employers of the injured workers are responsible to provide the appropriate forms and information in the claiming process, but it’s the employee who should be filing to the employer’s insurance company. Once the provider approves the claim, the employee can receive the workers’ compensation insurance benefits. This could include the medical expenses, rehabilitation costs, and two-thirds of their wages while they are unable to do their work.

If the employee wants to return to work, he/she may work on a reduced schedule depending on the physician’s recommendation.

Here at London Insurance Agency, we make sure that you get the best out of your compensation insurance. We also want to protect you and your business. This policy will reduce injuries and losses, medical and disability costs, and reduce the premium cost. We can customize the program depending on the type of business and the number of employees you have.

Business Insurance – Is my business protected?

Business is a broad word in itself, Insurance is too. When paired together side by side, Business Insurance, everything becomes complex and thus, confusing. There are several internal variables that must be examined before plunging into business insurance. In this post, we will be giving you some of the variables in business insurance you can familiarize with.

Business insurance is a way to protect the business and their owners for events that’s our of one’s control. The best trick in getting it right the first time is to have insurance coverage that will protect you in case of an emergency.

Is your business protected?

Most business owners prefer coverage that can protect them in the event that they lose their property such as fire and theft. They also protect their inventory, equipment, and employees who are injured while on the job.

The type of coverage depends on the business you have and, in some cases, it can be affected by the lenders who own portions of the portion of the business as security against loans made in the business in the past. Insurance is also good protection from personal liability so that business owners would not be held personally responsible for the damages incurred in the course of the business operation. If the owner is held responsible, it may lead to loss of personal assets to pay the injuries or damages. The house may be sold, the cars, the savings, and any other asset with value.

Common Types of Business Insurance to Consider:

    • Business Owners Policy – these is package policies for a business that are faced with some degree of risks. Here in London Insurance, we can tailor made your coverage into one policy. This is also less expensive in general as compared to getting several separate coverage. Some of the policies included are as follows: property coverage, liability coverage, business interruption, and others.
    • General Liability – this one includes various liability exposures. It covers accidents on the property, products and services offered by your business, contractual liability, and operations done by your business.
    • Professional Liability – this policy includes protection for people and entities of your business from negligent claims done by third parties or internal sources. Professional liability includes foreign liability, errors & omissions, liquor liability, pollution liability, and cyber liability.
    • Property & Casualty – the types of insurance that protect your organization from financial loss because of physical damage. This includes your office furniture, computers, business documents, and even your business real estate.
    • Commercial Insurance – this type covers the business’ property, tools and equipment, and assets inside the building you owned or leased. This type can be customized to fit your business needs. Covered in your commercial insurance includes theft and burglary, wind and hail damage, fire damage, hurricanes and floods, business interruptions, and others.

Protect your business even from fire damage!

In London Insurance Agency, we make sure that your business is not just doing okay now. We aim for your business to be doing well even after disastrous events and any other unforeseen occurrences. We make sure that your business is prepared and well protected. Pay us a visit or give us a call at +606-864-5152 if you’re in North Broad Street Area and +606-528-0232 if you’re in North Kentucky Avenue area.

We will be more than pleased to answer your questions to arrive at coverage you most need.

Benefits of Getting yourself a Life Insurance

Should I get life insurance? Let’s consider the why.

It’s almost taboo to talk about getting life insurance while you’re still living. It defeats the purpose of really living life to the fullest when you’re already putting half your money into your grave. But why is there such a wrong connotation about life insurance? What is it really?

Life Insurance Defined

In simplest terms, this coverage helps your family get financial stability by paying a lump sum to your beneficiaries when you pass away. This is your safety net to ensure that your family won’t have to drastically change their lifestyle to accommodate the bills to pay now that you’re no longer there to provide. When you have the right policy, it can cover your debts such as credit cards, mortgage, and education.

Benefits of Life Insurance

There are several reasons why getting one is a good decision and a good investment but the first one is to protect the family you’re leaving behind from debt and other expenses. Grieving and figuring out how to go from here on out is difficult.

According to statistics done by LIMRA, 85% of people getting a life coverage is for burial and other final expenses, 67% for helping replace lost wages, 63% have it to transfer wealth or to leave an inheritance. The list can go on, but the bottom line, life insurance is for your family’s sake and not for your personal gain.

Is your family protected in case something happens?


Types of Life Insurance

There are four styles of coverage to categorise insurance policies – there’s the term life, critical illness, funeral, and disability.

  •        Life Insurance – it’s the most basic form of life insurance that covers you in the event of death. This policy will help your family ease any financial burden by paying a lump sum to your bereaved family beneficiaries. This can include unpaid dent, education, and mortgage.
  •        Critical illness insurance – This policy was conceptualized by Dr Marius Barnard, a South African physician while he was operating on his first heart transplant. While he can save a patient’s life, he can’t save their families financially.

This insurance doesn’t have to wait for a person to die before it pays benefits, it provides payout while you are still alive. A lump sum is given if one suffers from a life-threatening disease like cancer or heart failure.

  •        Disability – This coverage is a consistent income paid monthly to policy owners. The payment could be up to 755 of your gross monthly income, this amount can differ depending on your provider. This insurance covers you in case of disability or inability to work due to illness or injury.

A rehabilitation program can pay up to 50% of your gross monthly income if you are eligible. It includes resources and training so that you can go back to work faster. Your approved rehabilitation program will be covered along with vocational training, special equipment, and even workplace modification for a better work transition.

  •        Funeral – The last type is the funeral coverage for people who are 50 years old and above who want to cover their burial expenses instead of letting the family take on the financial burden. This usually costs around $5,000 – $15,000 making it the most affordable type.

There are many reasons why you should get one but if you’re still at a loss and you need time to think about it, you can talk to one of our agents at London Insurance Agency. We are professionals in the field and connected to multiple agencies. You can ask us every question you have in mind; we’ll show up ready to answer your queries. Your needs come first.

If you are ready, you can ask us directly for a quote.

Frequently Asked Questions Answered – Business Insurance

You got questions on business insurance, you’ve come to the right place.

We all have questions in our mind needing answers. The state of not knowing things hinder us in making the decisions that could benefit us. We tend to just sit back, afraid to ask, especially if it involves cost and if it involves insurance policies. You might think that these policies are so confusing, and they’re better left off to someone who knows the ropes well. However, there’s nothing wrong in knowing how it works; in fact, it helps you gauge which one suits your needs best.

This post is a part of our FAQ series. In this one, we’ll have most, if not all, of your questions, covered. Let’s start with the FAQs in business insurance.

Question 1:  What is business insurance?                                                             

Simply put, business insurance has a range of policies designed to protect a business from financial loss. Business risks are unique to each type of commercial operations; thus, the policies should be tailored to your business. There are a number of factors that you will need to consider when you are deciding for the specific coverage that you’d like to get, it can be the size of your company, the number of workers you have, the materials you handle, the vehicles you use in the business, and others. All these should be accounted for to lessen the risks and to protect your company’s finances.

You need not to hire multiple insurance companies to cover all the risks. You can work with our independent agent in London Insurance Agency and discuss your options ant he coverage that fits your business best.

Question 2: What does business insurance cover?

Business Insurance includes but not limited to the following:

  •       Property insurance – covers loss and damage to your business property due to natural causes like storm, flood, fire, and others.
  •        General Liability insurance – covers third-party liability claims for injuries to other people.
  •        Commercial vehicle insurance – covers commercial vehicles and drivers in accident, collision, liability, property damage, or personal injuries.
  •        Workers’ compensation – covers employees in the event off sickness or injury while on the job.
  •        Records retention policies – covers loss of important financial records and/or data.
  •        Loss of income – covers business expenses (rent and employee wages) if you can’t operate your business.
  •        Cyber-crime insurance – protects your business for safety Internet usage and online communications.
  •        Key person insurance – covers loss of income due to a head of a business or key personnel being unable to perform their job because they’ve been incapacitated, or they’ve passed away.

Is your business covered?

Question 3: How much can business insurance cost?

The cost differs depending on the type of business and the type of coverage you are going to go for. It can also depend on the size of your business. For example, a home-based business can be insured for $500 annually while for the larger companies, it can be as high as $500,000 annually.

The cost can be lessened with effective risk management practices. You can also compare prices from different insurance companies. Here in London Insurance Agency, you can request a quote anytime, anywhere.

Question 4: How can I get business insurance for my business?

There are several insurance companies and agencies around the state. You can even go online or call an insurance company representative. However, to ensure smooth communication and process, your best option is to talk with an independent insurance agent who will see to it that your needs are met. We have independent agents and we represent several insurance companies. We check out the options you have and provide you with the insurance that is appropriate to your business at the lowest price possible.

Our licensed professional agents are always willing to put your best interest forward.


Commercial Car Insurance

Let’s talk about commercial auto insurance in two areas. First, who is not insured and second, insurable interest.

From the policy form itself, who isn’t insured, by definition, is you for any auto that you’

re driving or anyone else while using your vehicle with permission except there are five exceptions to number 2 of who isn’t insured. As your agent never discussed those five exceptions with you. Do you know what five exceptions are? If not, give Steven a call and he’d be over these with you to make sure that you’re properly insured.

Secondly, insurable interest. Nearly once a week, someone comes with a vehicle where the title of the vehicle does not match the name of the insurance policy. This is a very dangerous situation in the event of the client. The named insured on the policy XYZ Incorporated and the title holder of the vehicle XYZ Incorporated is a proper alliance to create insurable interest but oftentimes, owners of a business adding on a vehicle that is titled on their name and their business is a corporation or an LLC.

There’s no insurable interest there and in the event of a claim, you could find yourself with problems. Perhaps no coverage at all. On the personal auto policy, when you have a vehicle titled in the name of a child, the auto policy is in two spouses’ name, there’s a problem with insurable interest.

Insurable interest is an easy problem to overcome. First of all, you need to inform your agent of whose name the vehicle is titled in. The agent should be asking that question, but if not, you need to advise you agent that the name of my vehicle is not my personal name, my business is XYZ Incorporated. The most typical and easiest way to creating trouble enters is the release agreements.

A lease agreement is an insurance document that is used to allow the vehicle that’s titled in an individual’s name to be insured on their commercial auto policy or the title holder can be added unto the policy as an additional insured. There’s certain ways to get around this but it needs to be discussed before you have a claim and may find yourself without any insurance coverage.