FAQs: 5 Things every small business owner should know!

Transcription

An FAQ with Danny Crum

Hey, everybody, I’m sitting down with Danny from Bray and Oakley today to talk about small business insurance. Danny, if you don’t mind, tell everybody what small business insurance is.

1. What Is Small Business Insurance?

Absolutely Well, small business just like personal insurance, which would be your home, your auto, or maybe insuring your life. You’re providing insurance for your investment or your assets in the case of a loss. So just like anything else, you’re trying to make sure that you’re protected if something inevitable does happen.

Awesome. So who needs small business insurance? How do people gauge when it’s time to get insurance for their small business?

2. Who Needs Small Business Insurance And When Do I Need It?

That’s a good question. Really, you should probably have your insurance in place before you ever start a small business. And in most cases, it will be required, because you know, there’s some laws that require for certain licenses and things like that, you actually have to have some liability coverage in force. But you know, for anything, if you’re working with the public or, or you’ve got people coming in and out of your place for business, or you’re investing your hard earned money into that, you want to make sure that you’re protected if something happens. That way, you know, it could potentially ruin you, if not, so it’s just like anything else, you want to make sure you get everything in place before you really get started. You know, when you buy a house, you purchase the insurance before you purchase the house. That way you know you’re covered. Same thing with small business insurance. Get with an agent, have that conversation, let them know what you’re doing. Your risk, your exposure, the type of business and Bray and Oakley, us, we can put together a very broad policy for you, we make sure we cover all the bases for that.

Awesome. So what are the main types of small business insurance?

3. What are the main types of Small Business Insurance?

Well, you’ve got the you know, if you own a building, you’ve got the building coverage, you’re going to have the liability, everybody hears general liability. That’s the liability part of the policy, which is separate from the building, you’re going to have your business personal property, which is just like on a homeowner’s that your contents, anything that’s on the inside of the business that’s not nailed, bolted or screwed down. You’re going to want to provide some coverage for your employees such as workers comp coverage, and maybe even health insurance. Sure, and the big one that I believe in often that I can’t believe I even forgot about it. But it’s my favorite policy in the world is an umbrella or an excess liability policy. We can’t leave that off because it’s really important.

Sure. So cost wise, how much is small business insurance?

4. How much is Small Business Insurance?

It’s a good question. And it’s probably the number one question I get when someone calls me when they’re starting a business or they’re shopping for their current operations. And you know, that question is really hard to answer because it really depends on what you’re doing. When you think about insurance, think risk. Logging companies are going to be more premium than a walk-in deli per se, because the risk there is going to be a lot higher for the people on the property, you’re gonna have a lot larger equipment, maybe some dangerous equipment. You’re gonna be working with different tools compared to you know, maybe a daily where you’re making sandwiches or, or even a barber shop or something like that. So it really depends on the risk. But again, the main thing there is making sure you’re getting what you’re paying for, and making sure the policy responds as it should if something happens. So, you know, price is always a big deal, right? It matters, people know they work hard, and money means something to them. But you also have to have a policy that does what’s supposed to when something happens. So there’s value there as well as price. Okay.

Awesome. So are employees covered under small business insurance?

5. Are employees covered under Small Business Insurance? 

It’s a good question as well. And, of course, you’ve got different types of policies. You’ve got, you know, the dwelling and the personal property and the liability, but the main thing for your employees is going to be everybody’s heard of workers comp, right? So if you’ve got an employee that’s working, and they’re injured on the job due to activities that they’re responsible for at work, then that’s the kind of insurance that responds when an employee is injured while completing that task.

Awesome. Well, Danny, thanks for taking some time out of your schedule to talk to us about small business insurance.

Hey, you’re welcome Mike. Have a good day. 

You too.

All big businesses start small. You are investing your hard earned money, your time and efforts into creating something, let Bray and Oakley make sure those efforts are being protected. Contact us today to make sure your dreams are in safe hands!

FAQs: Youthful Drivers Insurance

Transcription

Hey everybody, I’m Mike with Local Impact. I am sitting down with Danny today with Bray and Oakley. Danny if you don’t mind, tell us a little bit about yourself and who Bray and Oakley is.

Hey Mike. Thanks for having me. Danny Crum. I’m the Vice President of Sales here at Bray and Oakley Insurance Agency. I take care of all six of our locations in Lexington, Kentucky; Pikeville, Kentucky; Richmond, Kentucky; Logan West Virginia; Chapmanville, West Virginia and Weston West Virginia. It’s good to be here. 

Awesome. Awesome. Well, Danny, we’re getting a lot of questions about teenage drivers, youthful drivers. And we’re gonna see if we get you to answer some of those for some of the people so. Sure. So how much does your insurance go up when you add a teenage driver?

Good question, Mike. And it’s funny, you’re talking teenage drivers. I have a 15 year old and today’s her 15th birthday and her and I actually just left the DMV where she got her learner’s permit. And, you know, the question you just asked is, “How much does insurance go up when you add a teenage driver”, is probably one of the most popular questions we get, in the insurance industry. I know that specifically. I do. And it goes up a lot, Mike, about that. They’re expensive. Typically, your policy will go up about 100%. Approximately, females seem to be a little less expensive than males. I think their driving records may be just a little worse. But you can expect about 100% increase. And it depends on carrier, depends on the state and things like that. But yeah, 100% is kind of the approximate average across the board.

Yeah, awesome. And now you guys have multiple carriers. So that’s something that you can help shop against to get us the lowest rate, correct?

Absolutely. We are an independent insurance agency. We’ve been in business well over 100 years. And we’ve got a good reputation. And we represent all the top carriers in the state of Kentucky and West Virginia. So anywhere you would go to get an insurance quote, you can come here and get it all taken care of in one stop.

Great, great. Okay, so what are the steps? How do I add a teenage driver to my policy? What do I need to do to make that happen?

Well, thats a good question as well. And I want to elaborate a little bit on that go a little in depth for you. Since you know, I now have a teenage driver. You know, when your son or daughter receives their learner’s permit, that would be in the state of Kentucky or West Virginia, which the two states we represent, you are not required to add that driver to your insurance policy. All right, so there’s no charge there. Some of the carriers do want to list that adolescent or teenage driver as a name on your policy just to kind of keep track of so when they do turn 16 and catches it, we can add them on and do what we’re supposed to do. So as long as they have a learner’s permit, they do not have to be added to the policy. Now once they receive a valid driver’s license in the state of West Virginia or the state of Kentucky, which states that the teenage driver can operate a vehicle on their own without the supervision of a legal guardian, the driver must be added to the insurance policy. And that’s very easily done. You call one of our offices, depending on your location, our customer service representatives will ask you a series of questions, takes probably 10 minutes, we endorse the policy and you’re taken care of.

Awesome. So how do I judge? What level of coverage I need for my driver, as I’m adding a teenage driver to my policy?

That’s a good question as well. And typically, I advise my clients, whether they have a young driver or not, alright, so you need as much insurance as you can afford. Okay, and that’s kind of how I start out with everyone. When I get asked the question, how much insurance do I need? Well, there’s a lot of scenarios that play into that factor. Okay. Assets, what you have out there, you know, your vehicles, your mortgages, and a lot of things go into that but the number one answer that I can give that kind of solves all that is buy as much insurance as you can afford on your budget that you know, because in reality you don’t know what’s going to happen. You know, you don’t know you may have a fender bender, you may end up God forbid in a head on collision, you don’t know. And so those expenses you know, they go up depending on the severity of the accident. So you know, we always like to start, something I train my producers and we train our officers to do is we want to start you out as the best we can. We’re looking to improve your policy, better your policy sell you at least the coverage you come to us with that we’re shopping against, but we typically want to improve that and give you better. Because again, you can’t have too much insurance but just because you can’t tell the future you know you don’t what’s gonna happen.

Sure, yeah. And you always want to make sure you’re keeping your, you know, your family safe. You know, with that, quote, what question we get a lot is, have you seen, through your experience, Is there a best car for a teenage driver?

The best way to answer that is to tell you the best, the worst car for teenage driver? How about that? Let’s flip that question. Typically, what I see with young drivers is anything that is fast, you don’t want your teenage driver in it. Your high performance cars or sports cars, things like that, that will be considered a sport vehicle when it comes to insurance. That’s where you’re going to receive the worst rate, okay? Where you will typically see the best rate depending on the carrier you’re with now different carriers rate, adolescent drivers, teenage drivers, or drivers in general differently, okay, some carriers want to assign a teenage driver to a specific vehicle. All right, you want to assign that teenage driver to the vehicle they’re driving. And the best rate for that is typically a liability only vehicle that’s a vehicle that does not carry or carry physical damage coverage, which is your comp and collision people hear the term full coverage, full coverage is your comprehensive and collision coverage on the auto policy. So the cheapest or less expensive way to go is to have a liability only vehicle, Okay? A lot of us don’t do some of us do, some of us don’t. And some carriers, it doesn’t matter. They’re going to rate the young driver on all vehicles. But again, the sports cars, fast cars, and typically the smaller, the smaller vehicles typically tend to carry the higher rates for young drivers.

Awesome. Okay, I didn’t know that. Okay. So is there a way I guess, how do I get the cheapest insurance I can for? I know you’ve answered this a little bit in some way. But is there a way to get a cheaper policy for my teenage driver?

So a good question. And cheap is a word that I don’t use in this agency. When you’re talking cheap, you’re talking? It’s a no no. So we talk value, right? Yeah. Okay. Cheap. Cheap is, you know, low policy limits, low premium. That’s cheap. You go buy cheap pair of shoes, you get a cheap pair of shoes. 100 year old agency, we sell value, we want you to have a good, good policy to a great policy. Again, don’t shop. And here’s some good advice that I give, don’t shop your insurance based on a premium amount. Okay. Okay. A lot of times what you pay for is what you get now, does price matter? 100%? It does. I live with three women. I know price. All right. So price does matter. I’ve got two girls and a wife. Yeah, so… so I know, I know, money does matter. But again, you want to purchase as much insurance as fits your budget, or you can afford value. So if I’m selling you a top tier policy, and I’m $50 More than somebody selling you a bare minimum limit policy, I’m offering a lot more value to you. If something happens, your insurance is never any good until you need it. And when you need it, that’s what matters.

Okay, yeah, that’s really great advice. In your experience, do you think, should a teen go on their own policy? Or should they continue on with their parents’ policy?

Good question. And all here’s the thing we remember is insurance follows the vehicle, right? And it’s based on a named insured basis. So there’s a couple of scenarios that would play into that too, as well. Does the teenage driver own their vehicle? Most cases? No, they don’t have the credit or the finances to do so. All right. Another thing is the parent or legal guardian is responsible for that teenage driver until they reach a certain age and which means that they would have to sign the application and everything for them. So it doesn’t really make sense for a teenage driver to have their own policy. The other side of that is this going to be extremely expensive because there’s no insurance history, there’s no insurance score, there’s no background, there’s no longevity there to build some equity in the insurance form. So it’s always best to add your young driver to your policy because typically they’re driving your vehicles anyway. Okay, you own them, insurance follows the vehicle. Some carriers and I’ll name drop a few such as Erie Insurance, they do what’s called a spin off. So if like my daughter, for instance, When she turns 16, if I’m not sure what the area insurance that put her on my policy, and she’s been on that policy for three years, she’s built some good driving experience and things like that I can bypass the high risk markets of her being young, and place her on her own Erie policy when she becomes of age and gets out on our own. So it will actually help her out a lot, you get a whole lot better rate by having that experience.

Awesome. Awesome. So I asked you kind of two combined questions. How can I save? I guess how can I save on adding a teen to my insurance? And are there programs, driver safety programs that can help with that?

Yes, there is. Everyone’s heard of driver’s education. That’s a question that I get a lot. Do you offer Driver’s Education discounts? Yes, some of our carriers do. Good student discounts. Some carriers do, this is not all carriers, each carrier differently specific. And each carrier kind of has their rewards program and things like that for young drivers. But yeah, those are two of the big ones. There are discounts for students that are off to college, but do not keep a vehicle with them at all times. Meaning that you would go pick them up and you would bring them home. There’s discounts for that, I mentioned Driver’s Ed. There are some programs with some carriers that do offer young drivers a reimbursement so to speak of premium for being safe and having safe driving habits. It’s kind of like a, I call it a plug and play or now we’ve got smartphones and tracks their driving, their braking, their speed and things like that. And if that driver ranks high on the score, the company will typically reimburse the policy back a little bit of premium to reward that.

Awesome. Awesome. Danny, is there any other just general advice that you would give to someone obviously, who’s in the same place that you are and maybe adding a teenage driver to their policy? Anything that you would recommend, any advice or anything at all?

Yeah, absolutely. Again, great question. Have an insurance agent, a professional insurance agent that you can actually sit down and speak with, don’t go online and purchase your insurance. I’m not saying that if you have that it’s wrong. You can do it. But have someone I mean, when you’re sick, you go to a doctor, you sit down and speak to someone that does that for a living they know they can advise you then give you great advice they can, they can help you. So my advice is to have an insurance agency or an insurance agent that is knowledgeable, they know what they’re doing. They’re looking out for your best interest and plan. Go to that agent, I encourage our customers all the time, you’ve got a 13 year old at home, come see us you know before they start driving. Let us have this conversation, bring them with you. I really encourage that, bring them with you and let us talk to them. Before they start driving, let us show them some scenarios of what they do and what they shouldn’t do texting and driving, things like that. Let us look at your insurance, let us advise you correctly there, we can even run you some rates. So if you’ve got a 15 year old driver, they do have a learner’s permit number. Some of our carriers will allow us to run you a rate to see where you’re at once they have their driver’s license, and they’re going to be on your policy. Vehicles, you’re looking for vehicles for your driver. Call us, let us run the vehicle with the driver, let us tell you what the rates are going to be. Surprises are not good when it comes to young drivers. Typically, it’s your sticker shock. Alright, so you know, you’re gonna get an increase. But really, you don’t know how much and I can’t even tell you exactly how much but we can do some work in the beginning to let you prepare for that.

Awesome. Well, great, Danny, I really, really appreciate you jumping on to talk to us today about teenage drivers. If somebody has a question if somebody wants to reach out who and how do they get a hold of someone at Bray and Oakley?

Yeah, absolutely. Well, each of us, you can go to our website. Of course, it has all of our office locations or web addresses there. Our main hub is Logan, West Virginia, that phone number is 304-752-6850. We can transfer you to any of our offices very quickly. www.brayandoakley.com is our website. And of course you can reach us on Facebook as well. We’ve always got someone monitoring these and we’ll get back to you very, very quickly.

Awesome. Awesome. Danny, thank you so much, man.

Thank you, It’s been a pleasure, man. Have a good one, too.

 All right. Thanks.

FAQs: Insurance for RVs

Transcription

Hey everybody I am Mike with Local Impact. I’m sitting down with Claude Singleton from Bray and Oakley today, we’re going to talk a little bit about everything. Claude, why don’t you go ahead and tell us just a little bit about Bray and Oakley and what you guys do?

Very good. Thanks Mike, Bray and Oakley Insurance Agency is a wonderful independent agency. By independent, that means that we represent several companies, we find what is best for our customer, which company is best. And with that company what coverage is best, that’s what we do. And it’s wonderful. We’re not defined by one company only. We do auto insurance, home insurance, life insurance, but also do business insurance. So we do a lot, a lot of different things. We have three offices in West Virginia. That’s where we started back in 1920. It’s a family owned business and for generations passed down. It’s wonderful. But started in Logan, West Virginia, and Chapmanville, West Virginia, and Weston, West Virginia, we also have Lexington, Kentucky where I’m out of, Richmond, Kentucky, which I’m also in often. And we have Pikeville Kentucky. So we have six offices to serve our customers. And it’s a good thing. But we’re multiline. That means different kinds of insurance, independent insurance agencies. And we’re glad to help.

Awesome, awesome. We’re Claude getting a lot of questions about RVs. And we’re going to talk about that just for a second. What is the formal definition of an RV?

Yes, well, I’ll give you my definition. We’ll stay away from formal. RV Of course, that’s a recreational vehicle. And it can be different kinds of things. It can be an independent, motorized mobile home, driving down the road, or it can also be a towed behind item, like a trailer or a camper. So it’s different kinds of things. But recreational vehicles are a general thing of, it’s really for recreation in general.

Sure, yeah. Awesome. So it’s pretty wide. What does say like an RV insurance policy cover?

Okay, that’s a good point. As we’re talking with someone that calls in and they say, “Well, I have an RV”, we will define it with them. Let’s talk about what kind of RV do you have, is that the kind that has its own engine that has its own motor. And if such, it is driving, you’re driving it, just like you’re in your car, or your van or your SUV, whatever. So you’re driving that. And that has a different set of insurance coverages that we need to make sure is in place. If it’s a tow behind thing, like it’s, it is a nice place, you can stay in it’s a recreational vehicle with a bathroom and a kitchen and bedrooms and things like that. But still a tow behind. That’s a trailer. And we will insure that slightly differently. If it’s a utility vehicle, you haul things around your house, and it’s still tow behind all those things we’re going to we’re going to cover with you on this about that.

Okay, awesome. Awesome. You’ve answered it a little bit. But one of the questions that we got is, what types of RV coverages are available. I know there’s complexity for housing and vehicles, and I’m sure it probably exists for RVs as well. 

Yes, yes. Let me share more about that. The vehicle that is driving itself, we have to make sure that it is protected with liability coverage. What is liability coverage? As you’re driving down the road. If you impact someone else, and you cause injury to someone else, or property damage to someone else, your vehicle insurance needs to be prepared for that. And this is very important. You already are used to that on your car insurance and your use of that on your, whatever vehicle you have, you’re used to that already. It’s the same with the driving issue or the driving recreational vehicle. The home that’s on that’s on wheels, the motorhome that’s on wheels. It is itself a propelled vehicle that you’re driving. So it’s got to have certain liabilities. Interesting note if you’re towing that same kind of nice vehicle, it’s a recreational vehicle  that’s being towed. You can sleep in it. You can use a bathroom in it, you can have the kitchen. If it’s being towed. It does not have its own liability insurance. That’s fascinating. So it gets attached to the vehicle that is towing it. So we are careful to talk with people and ask them what kind of RV are you speaking of? What kind of motorhome are you speaking of? That’s a big deal, and I’ll be glad to give more detail about that.

Sure, sure. Okay, so what determines as far as cost breakdown? Are there different levels? I guess what determines the cost of RV insurance?

That’s another good question. Going back to the liability, the level of liability that you choose to have is a concern. If you’ve got significant assets, and you’re concerned about being sued, because you’ve got significant assets, you want higher levels of protection. I’ll give you some examples. And this is not meant to be advice in itself, because a specific discussion will be better. And also, when I’m speaking of liability and potential for lawsuits, I always have to give a disclaimer, I’m not an attorney, I don’t pretend to be one, I have not played one on television. I’m an insurance agent, though. And I’ve seen claims. And so I’m talking as an insurance agent only. So here goes, let’s pretend that you’ve got $100,000 per personal liability, $300,000 total for accident liability, that’s for bodily injury liability, and you’ve got 100,000 property damage liability. Now, that’s a certain level of coverage, and you can have more or less than that. But at that level, there may well be a premium that’s charged for that. And if you have significant assets to insure, or if you just are concerned that if I’m sued, I don’t want to be having to sell off things or happen to liquidate things, whatever, then you would want to consider more liability. And so that’s one factor of the insurance. Another factor of the insurance would be what’s the value of that item? What’s the value of that motorhome? Is it a $100,000 motorhome, or more? Or is it $50,000 or more? Or is it a pop up, pull behind camper or trailer thing as a pop up tent, and there’s different prices for that. And if you want to be protected, if you want that part of your vehicle to be protected, that is damages to the vehicle itself, that damages to the RV itself. Then there’s coverage for that, or let’s just say it is an old pop up trailer thing that you pull. It’s really old, and your parents gave it to you and it was worn out when they gave it to you. It functions, it rolls and it sets up as a tent. But you say it’s really no value, you may not insure that at all for damage to that vehicle, you’ll just have liability on your, on your protection to protect you. Because you’re being pulled by your vehicle, your vehicle pulling it provides a liability for that. But if something happens to that just say it was in a wreck, or you’re at the campsite and a tree falls on it. There’s no protection for you, for your stuff or for your camper. That would be liability only.

So, Claude, since you guys have so many different providers, I’m sure there’s many different avenues. What is the best way to insure my RV?

Okay, that’s a very good question. Because we’re independent, we’ve got different companies to choose from. We will study that and consider and discuss it with you. Is it better to add that to an existing auto policy that you already have? Or is it better to do that? Which we can often. Or should we have a standalone RV type of policy? And we will analyze how you use that. And all these things we’re assuming personal use, that’s not for business use, because that’ll be another discussion. But all this is personal use, how many miles you got to be putting on how far will you be traveling? What other packages you might want with that? Or is this gonna be local use and all those things will come into it. But we’ll discuss that. And we will help figure out the best for you and give you those alternatives. And you can make that decision, an informed decision. That’s what we do.

Great, okay, awesome, got you. So would my homeowner’s policy cover an RV if it’s parked?

That’s a good question. In general, and I’ll need to say this depends on companies and depends on states as well. But in general, we don’t depend on the homeowners policy to provide the coverage for that. In general, we don’t but there’s a possibility you can have coverage under homeowners insurance, but we generally do not recognize that. That’s not what we have our coverage for.

Okay, so what makes, are there similarities, differences between RV coverage and like, say auto coverage?

There really are. I mentioned earlier about the liability on car insurance and on auto insurance, you’ve got your liability protection to protect other people from your actions. And that is in the event that you injure them, the insurance company can pay up to so much per your policy limits the level that you chose, they can pay so much for per person and total for accident for that. And that’s important. Also the damages to their property that’s on there. There’s also comprehensive and collision coverages. And these are physical damages to that vehicle to that motorhome or to that recreational vehicle itself. That’s very important. All of it is very important in the whole package of things.

Okay, cool. Cool. If, if people wanted to reach out to you, what’s the best way that someone who’s got more questions about RV can find your Claude?

Perfect. You can see that on the listing here that we have at the bottom here. Bray and Oakley Insurance Agency, and I’m in Lexington, we’ve got offices, like I said six different places. Just call one of our offices. And if they want to speak with me directly, they can do that as well. Just have them ask for me and that’s okay.

Awesome. Awesome. Well, Claude, thank you for talking to us today about RVs greatly appreciated. 

Glad to. 

FAQs: ATV Insurance in West Virginia and Kentucky​

Transcription

Hey, everybody, I’m Mike with local impact. I’m here chatting with Claude singleton from Bray and Oakley. Claude, if you don’t mind, just take a second and explain to the people who Bray and Oakley is what they do and what they offer.

Very good. Bray and Oakley Insurance Agency is an independent insurance agency. Independent means that we work several companies, we don’t have one company that we have to stick with. And we’re a multi line company, which means we do all different kinds of insurance, auto home, life insurance, business insurance. And so there’s a lot of things that we do for people. And we can pick out different companies depending upon your needs. It’s a wonderful thing. We have three offices in West Virginia and three offices in in Kentucky. And we’ve been around since 1920. It’s a wonderful, family owned business that’s passed on to four generations. It’s a good place to be

Great, great. We’ve got a lot of people that are starting to ask questions about ATV insurance can you just take some time and talk about maybe define what an ATV actually is for the people

Be glad to, thanks, Mike. ATV means all terrain vehicle. And it’s basically an off the road vehicle for fun. It can be often just three, it can be a three wheeler or a four wheeler in different different things. And we will insure that for someone based on their need, you don’t have to insure it necessarily. But we like to insure things if they’ve gotten value to them. Let’s just say you bought it at your local dealer and there’s a there’s a pretty good price tag, you’re still paying money on it. Yeah, you better insurance, you got to the physical damages for if you have comprehensive and collision as physical damages to that to that vehicle. And you can also have a liability. And there’s a thing for injuries on that vehicle as well. So this ATV can be a lot of fun, but it can be a significant responsibility and a risk. And we will help you to work with that risk based on what you need and what you want.

Awesome. So I know you mentioned things like you know still owing, you know, still paying off when your ATV Is it is it required that I have insurance on my ATV?

Your bank would require that you would need to have physical damages covered that they would be comprehensive coverage would be like: fire, theft, striking an animal or tree falls on it or, or acts of nature happening to that vehicle and tearing it up. The other big collision where you run into something run into a hill or a tree or somebody another bike or something that would be a problem. This is off roading. But there’s still a liability that there’s still a risk of what you can be doing.

Great. Awesome. So will my car insurance cover my ATV?

That’s a good question. Many companies will allow us to put an ATV on a car policy. And we will visit about that and see if this is the best way to do it. We will also look at at a separate ATV policy. We’ve got different companies who will actually just do that kind of policy. And it is not on the road. It is off road. But they have specific policies that we can that we can see about we’ll look at benefits and coverages what fits your circumstance. And we recommend that that medical items also be covered. We will we will recommend that. Although you may be able to opt out of that. We do recommend because things happen. You having fun and things happen.

Sure, though that was my next question is if I know they’re dangerous, I see things on the news all the time. What’s covered in medical expenses and things like that if I were to buy one and get hurt?

Yes, yes. That’s a problem. And also they can be social vehicles, if you will, you got a couple of guys with you and you’re riding together and it turns out one of them does not have insurance. And you didn’t know that, there’s a way of having medical payments, injuries for his sake or her sake, covered by your policy. And it’s not much money at all. So I do think no matter what kind of health insurance you may have, it’s better to have the medical protection on this as well medical payments on this as well. It’s inexpensive, it’s a good thing to do.

Sure. So what are the different types of ATV coverage that you can get?

Okay, first would be liability where you’re actually injuring someone else. You’re not on your vehicle. You’re injuring someone else, either their person, their body or their property. And if you don’t have that liability coverage, it’s out of your pocket. If you opted to say well, no, I don’t need not only coverage for that stuff. I’ll just I’ll just ride and have fun, I’ll just be real careful. If you injure someone else, it is your problem. And they will come after you. And I’m not an attorney, don’t pretend to be one. I’m just an insurance agent. But this is good insurance advice. Also, we have that’s the liability for hitting injuring someone else. We’ve also got protection for the vehicle itself, if you choose it. You can have comprehensive coverage and collision coverage. And we’ll tell you all what those are. But that is if there’s physical damages to that vehicle, then we can help you with with repairing that. And then the medical payments, which I mentioned a minute ago, medical payments will be injuries to people on your on your vehicle, that you’ve that happened because of riding on this vehicle. And that’s that’s a big deal. So all those different things affect in different ways. You may not need comprehensive and collision that is you say it’s an old one, I don’t owe any money on it, I’ll just take my chances on that. But you would still want to have the liability and the medical payments, you’d still want to have that.

Great, great. So what, is it relatively expensive to insure my ATV? Is it? Can you share on that for a second?

Sure can, I can’t give exact numbers because actually what county you live in even. But in general, the cost is higher, if you’ve got a higher value vehicle, a newer vehicle that’s significant. And I’ve seen some that are amazing. That’s a higher price, it’s a fair price with the higher price and all as it gets older or smaller model. There’s less premium for the comprehensive and collision on that. So but we’ll talk about that as well, we can we can just go cover through and look at adding this to your auto policy, or do we write a separate one? And that all that’s part of the factor that is cost.

Sure. Is there anything else ATV wise that you would share with someone who’s either who owns one currently or is thinking about getting one just anything?

Well, it’s just advice. And again, I think like an insurance guy, been an insurance guy for quite a while. That is don’t loan it out to someone who didn’t know what they’re doing. And we always say don’t loan them out at all. But be careful. There’s different capabilities with people and you might have a very good friend who has no no knowledge about what he’s doing or what she’s doing and unfamiliar with the terrain and all that stuff. So be careful, be nice, be careful, and protect what you have. And you’re better off for doing that.

Awesome. Awesome. Claude I think that wraps up for ATV questions. Do you want to say anything how to reach out to your company where they can find you all?

Very good. You can probably see listed here our number. We’re in West Virginia where Kentucky give us a call. Each of our offices work very well. And you can ask for me if you’d like but you don’t need to talk with me. Because we’ve got very fine customer service people here and just excellent people to work with. But give us a call Bray and Oakley. We like to help people.

Great great Claude, thanks for talking to us about ATVs today. I really appreciate it.

Thank you, Mike.