Richards Insurance Agency

Thorough Overview Of Classic Car Insurance

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Richards Insurance Agency provides coverage to the Lincoln, NE community, as well as the surrounding areas. We consult with our clients and develop a game plan to help them find the insurance coverage they need to protect their assets. We offer flexible policies designed to meet our client’s unique needs. We look forward to offering you quality service.

Classic Car Insurance Overview

Classic cars are unique assets. As the owner of a classic car, insurance adds another layer of protection as you maintain your vehicle. In order for your vehicle to meet the classification as a classic car, it must pass certain qualifications. The car should be at least 25 years old. You have to perform regular maintenance on the vehicle to keep it in great shape. Your vehicle may also qualify for classic status if you have amended the original specifications to add more value to the vehicle. Low mileage is another feature of classic cars. Generally, you should only drive the car to Lincoln, NE car shows and exhibits. Only driving the car on special occasions enhances the value of your classic car.

Classic car coverage is similar to traditional coverage because you are protected if you are held liable for property damage or bodily injuries. Comprehensive coverage is more popular for classic cars, as they are always at risk of being stolen or vandalized. You can add special coverage to your policy. It’s important that you store your classic car in a secure garage or facility. However, an accident can still happen at any time. Storage coverage can protect your vehicle if a disaster strikes. If you add any accessories to the vehicle, you can add extra coverage to protect you if those parts are damaged.

Richards Insurance Agency Will Help You Find The Right Policy

Visit our website to learn more information about classic car insurance.  

Auto insurance tips for new drivers in Lincoln, NE

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Auto Insurance Tips for New Drivers in Lincoln, NE

Whether it’s your first or 50th car, you need to seriously consider buying adequate car insurance to protect you financially in case of accidents. However, before settling for any policy in Lincoln, NE, Richards Insurance Agency recommends learning a few buying tips to get the most out of your policy. Here are a few tips to get you started.

Shop Around

With so many insurance companies coming up, don’t just pick the big names, especially if you’re a new driver. Walk around and enquire from different companies to compare quotes. Many companies often welcome new drivers by giving them offers. While your rates will definitely be higher, you can still secure a good deal with your budget. Don’t forget to ask about offers, terms, and other requirements.

Study Your Policy

Before signing any document, make sure you understand everything written on your policy. If you have challenges with auto insurance jargon, an insurance agent should help explain to you what is not clear. Learn how the policy works, your coverages, limits, and the process of filing insurance claims and other insurance laws in Lincoln, NE.

Determine Your Insurance Needs

The Nebraska law requires you to carry minimum property damage and bodily injury liability, but that doesn’t mean you stop there. What happens when you are hit by an insured driver? You will probably need other coverages to protect you while on the roads, such as collision coverage and medical payments coverage.

Have a Safe Vehicle

Your insurance company will want to know everything about your car. The model, age, body, and engine size determine whether your premiums will go up or down. Therefore, be sure to get a safe accident-free vehicle.

For more information about auto insurance buying tips, contact Richards Insurance Agency.

Why Nebraska Restaurant Owners Should Consider Adding Umbrella Insurance

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Richards Insurance Agency provides coverage to the Lincoln, NE community. We strive to serve our clients with passion and integrity. For over 20 years, we have helped our clients protect their assets and stay covered in the event of an emergency. We look forward to assisting you with your insurance needs.

Why Restaurant Owners Should Research Umbrella Insurance

Umbrella insurance is supplemental coverage that protects you during uncertain times. Normally, the policy is used to help protect assets from being seized due to a serious liability dispute. As a local Lincoln, NE restaurant owner, you know the risks associated with operating your business. You face challenges daily. Umbrella insurance can prevent you from dealing with disaster.

Attracting customers is the primary objective of your business. However, there are a few ways that things may take a turn for the worst. Imagine if one of your customers slips and falls in the dining areas or parking lot. You could face potential litigation if they suffer serious injuries. Imagine your customer has a bad reaction to one of your menu items, and they plan to pursue litigation. Umbrella insurance gives you a safety net as you deal with the charges.

If you have an issue with one of your employees, umbrella insurance can help you protect the reputation of your business. You are covered if your employees pursue litigation by alleging discrimination or wrongful termination.

If you serve alcohol at your restaurant, umbrella insurance can prevent you from being held liable for the actions of a patron. If you serve a patron alcohol, and they end up causing property damage or harming someone, you may be indirectly responsible. Umbrella insurance can be an asset as you go through the process.

Richards Insurance Agency Can Help You Protect Your Business

Visit our website to learn more information about umbrella insurance.  

Importance of Life Insurance

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No one wants to think about their life-ending, but none of us know when it will be time to leave this earth. When your time comes, you will want the peace that comes with knowing that your loved ones are taken care of after you are gone. The life insurance agents at the Richards Insurance Agency, located in Lincoln, NE, can assist you with all of your life insurance needs.

When it comes to life insurance policies, there are three main types that you can choose from, including universal life insurance, term life insurance, and whole life insurance.

Term Life Insurance

A term life insurance policy only lasts for a certain term that you set with your insurance agent at the beginning of the policy. This term could be a decade long or three-decades-long, depending on which you prefer. This type of policy will end at the end of whatever term you chose, but you will more than likely be able to renew it but at a higher premium rate.

Universal Life Insurance

Very similar to term life insurance is universal life insurance. This type of policy is also paid upon for a certain amount of time before it expires, but you can pay a premium that will keep your death benefit in place. This type of policy also offers you a savings account that you or your family can use in the future.

Whole Life Insurance

A whole life insurance policy lasts that long, hence the name. It guarantees a certain payout on the amount you invest into the policy, and you can borrow from it why you’re still alive to pay off debts ahead of time or use it to make repairs and get things for your loved ones before you die.

To choose the type of life insurance policy that works best for you and your family, you should contact the agents at the Richards Insurance Agency, located in Lincoln, NE to get your policy started as soon as possible. Reach out to our office to get a quote and learn more.

Required Commercial Insurance in Nebraska

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Every state has its own rules about the kinds of commercial insurance that a business must-have. In Nebraska, there are two types of commercial insurance that most businesses have to have in place, and there are other types that are useful and recommended for most businesses. If you have questions about your commercial insurance needs, contact us at Richards Insurance Agency in Lincoln, NE.

Workers’ Compensation

This type of insurance is required for every Nebraska business that has any number of employees. This applies no matter how many of them there are and whether they are part-time or full-time. This coverage protects your business by paying the medical bills of employees who will become ill or injured while they are working. This also protects your employees, as they will have funds available if there is an accident at work.

Commercial Auto

If your Nebraska business owns a vehicle of any kind, it has to have a commercial auto insurance policy on it. If you try to place a regular, personal policy on it, it will likely not pay out if there is an accident. If you use a vehicle for work purposes, but the company doesn’t own it, there is a different type of insurance that is not required but highly recommended. It is called a hired and non-owned policy. If you use your personal vehicle for work tasks and have an accident, a personal policy is unlikely to pay out for it.

Your commercial auto policy has to have at least the set minimum for one person who has been in an accident with you and another amount for everyone who was injured in the accident. There is another minimum required for any property damage caused by accident. There is another coverage amount required to cover you against one person being injured in an accident with an uninsured motorist. Another amount is required for all parties who are injured.

Get Your Commercial Insurance

If your business needs commercial insurance, contact us at Richards Insurance Agency in Lincoln, NE.

 

How Does Home Insurance Help a Person with a Home Business?

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When you first open your home business in Lincoln, NE, your home insurance probably covers your new home business’ equipment. You probably do not own much yet.

The standard home policy covers about $1,500 to $2,500 of business equipment or property at your home. That’s all it covers, though.

As your business grows, you need to enhance your coverage from Richards Insurance Agency. The liability coverage of a home owner’s policy provides coverage for occasional meetings for a home business. Still, to cover regular meetings or client visits, you need to add a policy endorsement.

You need to add to the policy if you plan to have regular meetings or order pickups from your home. That endorsement increases your liability coverage so you can safely hold meetings without worrying that an accident would put you out of business. This endorsement also adds up to $4,999 of business property coverage and up to $750 for personal business property.

When your business grows beyond that, you need a home business policy for your home owner’s insurance. This represents more than an endorsement; it adds a type of coverage to your existing policy, like adding collision coverage to your auto insurance policy.

Adding a home-based business coverage component to your home insurance protects your business fully. It also protects your insurance policy. If you begin using your home to run a business and do not tell your insurer, you can lose your insurance policy altogether. Anything besides intended use invalidates your policy. If you started any business from home, including selling Avon, Mary Kay, etc., you need to inform your insurance company.

Contact Richards Insurance Agency, serving Lincoln, NE, for more information on home insurance and your home-based business. We want to help you remain covered.

Living in Your RV? Here’s What You Need to Know About Insurance

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RV life can be both fun and liberating. More and more people are discovering the freedom and adventure of living out of their RV full time. In order to make the most of your RV living, however, it is important to have all of your insurance bases covered. At Richards Insurance Agency, serving Lincoln, NE, we know that the only way you can make good insurance choices is to have the best insurance information. Keep reading to find out what you need to know about RV insurance. 

Is a Traditional Auto Policy Good Enough? 

In many states, you can operate an RV with a traditional auto insurance policy. However, the problem is that when you choose to start living in your RV full-time or even part-time, your insurance needs change. The RV is now no longer simply a vehicle, but now it is also operating as your residence. If you are living in your RV, a traditional auto insurance policy is probably not enough. 

What Will RV Insurance Cover?

RV insurance is similar to traditional auto insurance in many ways and different in some important ways. RV insurance can be customized to suit your particular needs, but in general, the policy will cover the following areas:

  • Collision/ Comprehensive– This type of coverage will kick in should your RV become damaged or lost through an accident or other circumstance or if your RV is stolen. 
  • Liability– This type of coverage will help cover expenses if another person is injured because of your RV.
  • Personal property- This is a type of coverage that differs from traditional auto. If you are living in your RV, this type of coverage will protect your personal belongings. 

If you would like to learn more about RV insurance, please contact our Richards Insurance Agency staff, serving Lincoln, NE. 

 

Who would benefit from getting motorcycle insurance?

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When you live in the Lincoln, NE area, it will be crucial to have a transportation mode. One great mode of transit to consider getting is a motorcycle. If you are going to purchase a motorcycle when you are here, you should make sure that you get proper insurance coverage. There are several reasons why someone here would benefit when they get a full motorcycle insurance policy. 

Coverage for Asset

One way you can benefit by getting a full motorcycle insurance policy is by getting coverage and protection for your asset. Anyone that purchases a new or used motorcycle will be making a big investment that needs to be covered. If you do invest in a new motorcycle insurance policy, it will give you appropriate coverage to mitigate a variety of different risks, including the risk of theft or accident damage. 

Liability Protection

You should also get motorcycle insurance because it will give you liability protection. Even if you are a very safe driver, there is going to be a chance that you could cause an accident that results in damages. If you do not have appropriate coverage in place, you will have to pay for these damages out of pocket. Fortunately, liability motorcycle insurance can offset this risk. 

Any motorcycle owner in the Lincoln, NE area needs to get a proper insurance policy. If you are looking for a new policy here, you should speak with the team at Richards Insurance Agency. There are a lot of important factors that need to be considered when choosing a policy. The insurance professionals at Richards Insurance Agency will help you assess your needs better and give the guidance needed to pick the proper policy for your situation. 

Three things you didn’t know about boat insurance

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Buying boat insurance is important for watercraft owners. You need to do your research and find a boat insurance policy in Lincoln, NE that meets your needs. We can provide you with boat insurance at Richards Insurance Agency.

The following are three things you didn’t know about boat insurance that you should be aware of.

Home insurance won’t provide adequate boat insurance coverage.

Many consumers make the mistake of assuming that their home insurance policy is going to cover their boat. However, this is not generally true.

Your home insurance policy will definitely not cover your boat if you take your boat off your own property to use it. In this case, you’ll need to buy a boat insurance policy to enjoy the coverage. 

You need to consider add-on coverage.

There are many types of add-on coverage available for boat insurance policies. Some examples include coverage for fuel spill liability or salvage retrieval coverage. 

It’s important to familiarize yourself with the different add-on coverage types available. Then, you can determine which types of coverage you need. 

Boat insurance coverage is limited to certain areas.

You need to be especially careful when buying boat insurance if you use your boat far from home. That’s because boat insurance coverage is typically limited to certain geographic areas.

Make sure you read the fine print on your boat insurance policy. Your policy will probably only cover you if you’re within a certain radius of your home or home port. If you travel a lot and use your boat far from home, you may need to invest in added coverage. 

Get started today finding a boat insurance policy in Lincoln, NE. Contact us at Richards Insurance Agency with your questions and inquiries. 

What Does Classic Car Insurance Cover in Lincoln?

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If you live in the Lincoln, NE area and have a classic car, you might cherish it for many reasons. Maybe it was passed down to you by a loved one, or perhaps you restored it with painstaking care weekend after weekend. These cars aren’t just vehicles to many owners, but a symbol of what America can be.

From the thrill of the summer sun to the warm nights spent hanging out with friends, there’s more to these vehicles than meets the eye. If you’re interested in classic car insurance, Richards Insurance Agency wants you to have the facts. 

Understanding Your Investment 

From theft to accidents to natural disasters, many things can threaten the classic car. The paint job or mirrors can be marred by anything from an errant tree branch in the driveway to a kid who threw a baseball a little too hard. Even if you keep your classic car in the garage, there’s no such thing as an impenetrable fortress. You can count on classic car insurance to be there for you when you need it the most. You design the coverage, so you only pay for what you need. 

Finding the Right Help

If you have questions about different kinds of policies and what kinds of threats you’re likely to face in your hometown, the Richards Insurance Agency in Lincoln, NE is here to be of service. Our agents are here to give you the kind of advice that will help you understand how you can best use the coverage to your advantage. If you have questions — whether you own one classic car or five — give us a call today to see what we can do.