When You Are A Beneficiary on a Life Insurance Policy

Did someone recently make you the beneficiary of a life insurance policy? What does that mean? It means that a policyholder names you to receive a death benefit. This is the amount of money paid out by the life insurance company in the event of the policyholder’s death. Now, all that’s left to do is file a claim with the life insurance company and decide how you want to receive the payout. Consider using some of that to buy a wreath for the person who left you all that cash.

What You Need to Know

If you are a minor or in charge of a minor who is a beneficiary, you should know that a minor cannot receive the benefits until they turn 18 years old. Keep in mind that the process is not automatic. You might not even be contacted by the insurance company. It’s necessary to make a claim with the company. If there is more than one beneficiary, separate claims must be made. Are you a contingent beneficiary? That means you can only collect if the primary beneficiary is unable to do so. Note that you need to be named explicitly on a life insurance policy. Even if the policyholder was your spouse, you must be named on the policy. Remember, there is no way to change the beneficiary after a policyholder dies.

Roark Insurance Agency Serving Flatwoods, KY

If you need life insurance and are in the Flatwoods, KY, area, please contact Roark Insurance Agency. Our courteous and knowledgeable agents will do all they can to help you.

How to Get Commercial Insurance

So you have decided to open a business. Or perhaps you have inherited a business. In any case, you will need commercial insurance. This will protect your assets if an accident or other loss happens on your business’s premises or from doing business with someone. It protects you from unexpected costs. Getting the insurance you need is easy if you go in forewarned and forearmed. 

What Kind of Insurance Do You Need?

The first thing you should ask yourself when seeking commercial insurance is, "What kind of commercial insurance do I need?" If you have hired people to work at your business, you will need workers’ compensation, unemployment, and disability insurance. Research to see if additional insurance is legally required. If your business provides a product, you will need product liability insurance to cover your assets if a defective product causes injury. If your business offers a service, you will need professional liability insurance to protect yourself against financial loss from error, malpractice, and negligence. If your business has significant property and physical assets, you will need commercial property insurance to protect it. If you run the business out of your own home, consider Home-based business insurance.

Roark Insurance Agency Serving Flatwoods, KY 

Congratulations, and best of luck on your new business venture. If you are in the Flatwoods, KY, area and are in the market for commercial insurance, please contact Roark Insurance Agency. Our sagacious and helpful agents are dedicated to helping you find the policy that best suits your needs. 

Coverage Considerations for Homeowners Restoring and Maintaining Historic Properties

Preserving and maintaining historic properties in and around the Flatwoods, KY, region presents unique insurance challenges for homeowners. They must navigate specialized coverage considerations to protect these valuable assets. From restoration projects to ongoing maintenance, homeowners of historic properties face distinct risks that require tailored insurance solutions.

Coverage for Restoration Projects

Restoring a historic property often involves extensive renovations and repairs that can impact insurance coverage. Homeowners may need specific insurance policies, such as builder’s risk insurance or renovation insurance, to protect against risks associated with construction activities. These policies typically cover property damage, theft, and liability during restoration.

Valuation and Replacement Cost

Valuing historic properties accurately presents challenges due to their unique architectural features, craftsmanship, and historical significance. Homeowners should work with insurers experienced in historic preservation to assess replacement values and ensure sufficient coverage for rebuilding or restoration in case of damage or loss.

Liability and Public Access

Historic properties often attract public attention and may be used for events, tours, or educational purposes. Homeowners should consider liability risks associated with public access and activities on the property. This will save owners from a major headache in the long run. 

Preservation Restrictions and Compliance

Historic properties may be subject to preservation restrictions and compliance requirements imposed by local landmark preservation boards or organizations. Failure to comply with preservation regulations could impact insurance eligibility and coverage for the property.

Specialized Insurance Providers

For homeowners seeking comprehensive coverage and expert guidance, working with insurers specializing in historic preservation insurance is essential. These insurers understand the risks and challenges associated with historic properties and can tailor insurance solutions. 

Let Roark Insurance Agency Inform You

Roark Insurance Agency helps answer home insurance questions and serves the Flatwoods, KY region. Call us today.

Insuring Your Luxury Vehicle

At Roark Insurance Agency, we pride ourselves on offering an extensive range of vehicle insurance solutions to drivers in and around Flatwoods, KY. We’ve got you covered, from vintage cars to everyday vehicles, delivery trucks to luxury sedans. For those with a preference for high-end luxury cars, below are some tips to ensure adequate coverage.

Incorporate Comprehensive and Collision Coverage

With the average price of a new vehicle now exceeding $40,000 and luxury cars often classified at over $100,000, it’s critical to include comprehensive and collision coverage to handle expensive repairs or replacement costs.

Consider Uninsured and Under-Insured Motorist Coverage

If you own a luxury vehicle, you can obtain extra peace of mind through uninsured and underinsured motorist insurance, which expands your coverage in the event of an accident with a driver who has inadequate or no insurance coverage.

Specialty Insurance for Exotic Cars

Exotic or supercars are typically high-performance, limited-production vehicles often capable of top speeds near or exceeding 200mph. Some insurance companies specialize in covering these supercars, so consider such providers should you possess such a rare gem.

Obtain a Quote for Your Luxury Car Insurance

While luxury cars might appeal for their superior engineering, enhanced safety, and posh comforts, maintaining them and their insurance come at higher costs, primarily due to expensive repair or replacement components and their allure to car thieves. As a result, luxury cars generally have steeper insurance rates compared to average vehicles.

Whether you already own a luxury car or are planning to purchase one, Roark Insurance Agency can help you secure the coverage you need. Contact us for a review of your car insurance and a free quote. We’re more than happy to assist anyone in the Flatwoods, KY, area.

What to Look for When Insuring a Classic Car

Importance of Classic Car Insurance for Flatwoods, KY Drivers

If you’re a Flatwoods, KY resident and the proud owner of a classic car, you understand how precious these vehicles truly are. Regular auto insurance often falls short, failing to provide the expert protection such unique vehicles demand. You should consider insuring under a classic car insurance policy, which includes specific protections tailored to your classic car. Here’s what makes these policies different:

Storage Coverage

Often, classic cars spend more time in storage to shield them from external elements and maintain their pristine condition. Investing in a policy that provides storage coverage might safeguard your vehicle against fire, theft, and other risks, irrespective of its storage location, even when you’re not driving it.

Discount for Low Mileage

Since classic cars aren’t driven as regularly as traditional vehicles, their usage results in lower mileage – and a decreased risk of accidents. Opt for a policy that offers a low-mileage discount, leading to a substantial reduction in your premium.

Coverage for Full-Service Towing

Full-service towing coverage ensures safe and secure transport in a vehicle breakdown situation. This feature typically includes flatbed towing, which adds additional protection and care for your classic car.

Coverage for Specialized Parts

One hurdle in maintaining a classic car is acquiring the right parts, which may no longer be in production. Insurance that includes coverage for specialized parts can assist with sourcing and purchasing these elusive components.

Secure your Classic Car with the Right Insurance

Owning a classic car is more than possessing a vehicle, it’s cherishing a piece of history. Contact us at Roark Insurance Agency today. Our knowledgeable team has assisted countless Flatwoods, KY drivers in insuring their vehicles. We are ready to ensure your classic car is well-protected.

Why Everyone Who Rents Should Have Renters Insurance

They say home is where the heart is. Ask anyone who rents, and it is likely they will be inclined to agree. Regardless of your opinion on what home is, however, Renters insurance is there to help protect what matters most to you and your family. That is also why so many renters in and around Flatwoods, KY rely on the Roark Insurance Agency to help them protect the things they care about.

Renters Insurance for the Place You Call Home

Home is the place where we grow, make memories, and where we keep the majority of our worldly possessions. From computers and clothes to jewelry and more, that also adds up to more than a few valuables and dollars and cents.

With the right renters’ insurance policy, people who rent their homes can also have the same kind of protection and peace of mind homeowners do. Everyone needs and deserves protection for their belongings, and that is where the team at the Roark Insurance Agency can help. 

Why Everyone Who Rents Should Have Renters Insurance

Thieves, water damage, and other enemies don’t care if you rent or own your home, and that makes getting the insurance you need to protect what you own a necessity. When you need insurance for what you care about, including all your valuables, a renters insurance policy is the solution.

For All Your Renters Insurance Needs

Thank you for visiting the Roark Insurance Agency. If you live in or around the Flatwoods, KY area and are looking for renters insurance, look no further than the Roark Insurance Agency. Contact us today to learn more about how we can help and get the insurance you need to protect the things that matter to you.

Types of Motorhome Coverage

A motorhome is a combination of a home and a vehicle. The insurance that you need for one is a little different from regular auto insurance. However, it also has many similarities. A lot of the coverage types are similar to the types of coverage in auto insurance. It’s important to have several types of coverage in your motorhome policy to keep you protected against a wide range of risks. To get started with your policy, call us at Roark Insurance Agency in Flatwoods, KY. 

Vehicle Insurance

Because your motorhome is part vehicle, it needs to be insured against accidents. Your motorhome policy should have at least liability coverage so that an accident can be paid for by the policy. When you have bodily injury liability coverage, your policy can pay for the medical bills that another party has after they’ve been injured in an accident. You should also have property damage liability in your policy. This pays for another party’s property damage after you’ve been involved in a wreck with them.

Both of these coverage types are mandatory to have for your motorhome. They’re also good for your peace of mind. With this coverage, you are less likely to be sued after an accident because the other party can get the amount they need from your insurance company. 

Comprehensive and Collision Coverage

Getting your policy should also include getting both collision coverage and comprehensive coverage. Comprehensive covers your motorhome when you aren’t driving it. Much of the time, the motorhome will be off the roads, and a lot can happen to it there. You also need a way to cover your own property damage after a wreck. This protection is available as collision coverage. You’ve invested a lot in your motorhome, so be sure to have this coverage. 

Get Motorhome Insurance

When you need motorhome insurance, you can call us at Roark Insurance Agency in Flatwoods, KY.


Do I Need RV Insurance All Year Even When Not Using My Vehicle?

You may know the value of having RV insurance on your vehicle while you are on the road. It can be critical if your vehicle breaks down or suffers damage due to vandalism. Yet, what happens at the end of the season when you pack it away for the year? There are still very important reasons to maintain RV insurance. Our team at Roark Insurance Agency in Flatwoods, KY can help you ensure your policy matches your needs.

How RV Insurance Continues to Protect You

Even when you are not using your vehicle on a consistent basis, it is still a very valuable asset, and problems can occur to it while in storage. For example, your vehicle could be stolen or could be vandalized. In situations like this, you may not know of the problem for quite some time and need to file a claim to get coverage. Other risks include fire to the location or other acts of nature. These are real threats that continue to remain present.

You May Wish to Alter Your Coverage

It may be possible to make adjustments to your RV insurance to ensure it matches the way you use your vehicle. Your insurance agent, for example, may recommend choosing a storage-only RV insurance policy. This may reduce costs but may also be more appropriate if your RV is going to be stored for a long period of time. Be sure to choose the proper coverage for it.

Let Our Team Offer a Quote for You Now

Turn to Roark Insurance Agency in Flatwoods, KY for help with your vehicle’s insurance coverage. Our RV insurance policy can be customized to meet your expected needs, saving you time and money when an incident occurs and you need to file a claim. 

Common Mistakes People Make When Purchasing Motorcycle Insurance

Purchasing motorcycle insurance is a crucial step in ensuring your safety and protecting your investment. However, here at Roark Insurance Agency, serving Flatwoods, KY, we’ve seen people make several common mistakes that can lead to inadequate coverage or unnecessary expenses. And we want to help you avoid them.

Here are some of these mistakes and insight on how to avoid them:

Underestimating Coverage Needs

Start by assessing your specific needs. Consider factors like your riding habits, the value of your bike, and potential risks. Ensure your policy provides sufficient coverage for bodily injury, property damage, and underinsured/uninsured motorist protection.

Neglecting Accessory Coverage

Many riders customize their motorcycles with accessories, but these are often overlooked when purchasing insurance. Opt for a policy that includes accessory coverage or consider adding an endorsement to protect your aftermarket additions.

Ignoring Discounts and Bundle Options

Insurance companies offer various discounts for safe riding records, completing safety courses, and bundling policies. Take advantage of these discounts to reduce your premiums while maintaining robust coverage.

Not Comparing Quotes

Don’t settle for the first insurance quote you receive. Shop around, compare rates, and evaluate the coverage offered by different insurers. It’s the best way to find a policy that suits your needs and budget.

Schedule A Consultation Today

Avoiding common mistakes when purchasing motorcycle insurance is essential to ensure you have the right coverage at a reasonable cost. By understanding your coverage needs, considering accessory protection, exploring available discounts, and comparing quotes, you can make a well-informed decision that keeps you and your motorcycle well-protected on the open road. When you need to purchase a new motorcycle insurance policy in the greater Flatwoods, KY region, the team at Roark Insurance Agency would love to help. Call us now.

What You Need to Know About Boat Insurance Requirements in Kentucky

Insurance plays an important role in boating. If you own a boat or plan to own one in Kentucky, you should first speak to the Roark Insurance Agency serving Flatwoods, KY. We understand the investment associated with owning a boat and the liability that comes with using the vessel.

Note that Kentucky does not have a state law mandating boat insurance. However, it is important to understand the numerous factors that make considering boat insurance in Kentucky a wise decision.

Why Get Boat Insurance if You Don’t Need It?

You don’t legally need boat insurance in the state, but that’s not where things end. For numerous reasons beyond the most obvious, you may still need boat insurance as a requirement.

  • You finance your boat, and your lender makes boat insurance a requirement.
  • You boat on certain waterways subject to different state laws or regulations.
  • You want protection for the investment represented by your boat.
  • You want to protect yourself from liability in all its many forms.

Maybe you want the peace of mind that comes from knowing you have financial protection for yourself, your boat, and the people around you should it become necessary.

Any of these reasons could represent the main reason you need boat insurance because they’re all valid and important. Outside of boating in different jurisdictions, having coverage for accidents and other issues that can occur will help you relax just that much more when you’re enjoying your boat.

We Are Here To Help

At Roark Insurance Agency, we can help you find the right boat insurance options in Flatwoods, KY for what you need. No matter if you’re sailing, fishing, jet skiing, or enjoying any other water activities, we are here to assist you in finding the perfect insurance package that will provide you with the coverage and peace of mind you need.

To learn more about boat insurance and how boat insurance works in Kentucky, contact us today.