Can Homeowners Insurance Be Transferred To A New Owner? (Little Rock, AR)

Home buyers often ask if a home insurance policy can simply be transferred from one person to another. Therefore allowing a new homeowner to begin making the payments when the old owner moves out. The short answer here is, no. A home insurance policy cannot be transferred from one person to another. Each policy is unique, and coverage rates really depend on a broad number of factors that change from person to person. Now, this isn’t necessarily a bad thing. Uh, Let me go ahead and give you a quick example here: If the original homeowner is a college student and the new homeowner is a retiree, the rates will almost certainly be less expensive for the new homeowner, right? Now, more importantly, every homeowner has a different set of coverage priorities, which means the specific coverages and amounts can vary significantly from one homeowner to another. And so, before making a final choice on your coverage, be sure to speak with an insurance professional that can help you understand all of the rates and all of the options associated with your homeowners policy.

We’d be happy to review your insurance coverage options with you! Give us a call at (501) 868-9338 or visit

Do I Need A License To Get Business Insurance? (Little Rock, AR)

So many business owners want to know whether or not a business license is required before they can purchase business insurance coverage. As a rule, you don’t need a business license to purchase business liability insurance. But, there are certain kinds of industry specific insurance that might require a license or certification. If you’re a sole proprietor or a contractor, for example, you can almost always acquire business liability insurance without a license. Similarly, if you just open your business and your licensing isn’t complete yet, you should still be able to pick up a business liability policy. Here’s a good way of looking at it, think of it like this: If you’re facing risk, you’ll likely be able to buy insurance for that risk. Now, if you want to ensure that all your bases are covered, then make sure you speak with your insurance professional before making your final decision on how to cover your business.

We’d be happy to review your insurance coverage options with you! Give us a call at (501) 868-9338 or visit

What Does Business Insurance Cover? (Little Rock, AR)

Business insurance is one of the most important investments a business can make. There are a variety of business insurance policies available, and the coverage they provide can vary widely. However, most business insurance policies cover common risks like property damage, liability, and employee injuries. Property damage coverage protects your business if your property is damaged or destroyed. This can include damage caused by fire, vandalism, weather, or other events. Liability coverage protects your business from getting sued for damages or injuries caused by your business operations. On the other hand, employee injury coverage protects your business if an employee is injured while working for you. Business insurance helps protect you from financial losses that could result from these risks. Standard business insurance does not cover everything. So, many businesses choose to add coverage riders to their policies to protect themselves further. Now, there are many options for business insurance available, but whichever policy you purchase, it is always best to ensure that you have a trusted insurance agent to help you.

We’d be happy to review your insurance coverage options with you! Give us a call at (501) 868-9338 or visit

Are Auto Insurance Rates Negotiable? (Little Rock, AR)

Are auto insurance rates negotiable? Well, the short answer is, no, auto insurance rates are generally not negotiable. However, there is more to this question than my short answer that I just gave you. So in truth, what most people want to know is how they can lower their auto insurance rates. Now, while the premiums, a carrier offers aren’t negotiable, there are actually other ways that you can knock that rate down. Auto insurance carriers determine their fees based on this really complex set of variables that include, you know, your driving record and your age, where you live, how many miles you drive in a month… things like that, which means if you want lower insurance rates, then there are several things that you can do. For starters, you can drive fewer miles, which might mean, you know, carpooling or taking public transportation. And let’s see what else Another great idea that you could do to lower those rates is to improve your driving record by going to driving school. As a matter of fact, some carriers will encourage you to take a defensive driving class in exchange for lower premiums. I got to say, a knowledgeable insurance agent can help you find ways to lower your premiums. So even though rates aren’t directly negotiable, there are definitely plenty of ways to save money on auto insurance.

We’d be happy to review your insurance coverage options with you! Give us a call at (501) 868-9338 or visit

Can Homeowners Insurance Pay For A New Roof? (Little Rock, AR)

Homeowners insurance protects your home from damage caused by perils like fire, wind, and theft. But, what about damage caused by wear and tear? For example, let’s say you need a new roof. Can your Homeowners Insurance policy help pay for it? The answer is… maybe. Homeowners Insurance policies typically cover sudden and accidental damage. So, if a storm damages your roof, your policy should pay for the repairs, but most policies will not pay for damage that occurs over time, such as wear and tear or poor maintenance. That means if your roof needs to be replaced because it’s old and worn out, your Homeowners Insurance won’t help pay for the repairs. Now, some homeowners insurance policies include replacement cost coverage for the dwelling, not personal belongings. This coverage will help pay to repair or rebuild your home if it’s damaged or destroyed, regardless of the cause. So if you have replacement cost coverage and your roof needs to be replaced, your policy should kick in and help pay for the repairs. Replacement cost coverage is not included in all homeowners insurance policies. So if you’re unsure whether you have it, check your policy documents or call your agent to ask. It’s also important to remember that replacement cost coverage has limits like every other type of coverage in a homeowner’s insurance policy. So, even if you have this type of coverage, your insurer will only pay up to the limit stated in your policy. That’s why it’s always a good idea to ensure you have enough coverage to rebuild your home entirely if it’s ever destroyed.

We’d be happy to review your insurance coverage options with you! Give us a call at (501) 868-9338 or visit

Insurance Inflation – Little Rock AR

I just wanted to leave a quick message today about insurance inflation. It’s clear today that everything costs more than it did just a year ago. That includes building supplies, building materials, so if you own a building, whether it be a home or a business building, if you had a total loss today, it would be more expensive to rebuild that property today than it was just a couple years ago. So insurance has had the effect of inflation as well because insurance companies want to make sure that properties are insured to the right value.
We hear all the time in our business at that, “Why are we getting these price increases?” And we don’t control them, but the insurance companies control those, and while we have many options to help our clients find the right product to meet their needs with the right carrier, most of the time the conversation begins at price. But we are all the time educating our clients, talking about coverages. Because when you’re shopping for insurance, you might want the best price, but if you have a claim, I promise you, you’re going to want the best coverage, and the right agency and the right company to be there for you so you can be made whole.
So please keep that in mind when you’re talking to your insurance agent, when you’re doing a review. Make sure you have the right amount of coverage for a good competitive price, so that you can feel confident that you’ve got the best policy that your money can buy. Because that’s what you’re going to want when you have a claim.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

Business Insurance Coverages – Cases #5 and #6 – Little Rock AR

The final segment in our video series about what insurance a small business actually needs.

Bad Luck Case #5
We review the need for Employment Practices Liability Insurance.

Bad Luck Case #6
A Key Man Life Insurance Policy would have been very helpful, giving the business valuable time to recover from the loss.

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338

Business Insurance Coverages – Cases #3 and #4 – Little Rock AR

As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Berryhill Insurance Group in Little Rock AR at (501) 868-9338