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710 E Laurel Ave
Foley, AL 36535

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I just paid off my car. Do I still need full coverage auto insurance?

Car insurance is both a necessity and a luxury. Drivers in every state are required to carry auto liability insurance. However, aside from state laws, some drivers must have more coverage in addition to liability insurance. For example, anyone financing their vehicle must carry auto liability insurance plus other forms of auto insurance. Our Foley, AL team at Southern Risk Associates is committed to helping drivers get the coverage they need to suit their unique situations.

What are the minimum insurance requirements needed to drive in Alabama?

Alabama’s drivers must carry at least $25K in auto bodily injury liability coverage per person and $50K for two or more people. Drivers must also have $25K in property damage coverage. Of course, drivers can invest in more coverage, but these are the state-required minimum amounts.

I just paid off my car. Do I still need full auto insurance coverage?

Once you’ve paid your auto loan in full, you are no longer required to have anything more than the state minimum auto liability coverage. However, there are circumstances when it’s best to maintain full coverage. The amount of insurance you carry should be directly related to your car’s value. Once your premium exceeds the value of your car, you should eliminate full coverage auto insurance. Your car’s value will likely depreciate if you’re in a car accident. This means that your car will be "totaled" or considered a total loss. Newer cars benefit from full insurance coverage because their value often exceeds their insurance premiums. If you have questions about auto insurance, call us. We’d be happy to help you explore your options.

Comprehensive Condo Coverage in Foley: Insights from Southern Risk Associates

Have you considered your condo insurance? When living in Foley, AL, you may focus on furnishing your place to be as comfortable as possible. However, you never know what could happen…

At Southern Risk Associates, we aim to offer some insights to ensure you have the coverage you need.

Don’t Assume Your Condo Association Fees Protects You

One of the biggest (false) assumptions people make is that their condo association fees include insurance. They don’t. Your monthly or annual fees cover building amenities, landscaping, security, and probably insurance for the building. None of that is for you, specifically.

If there’s a break-in at your unit or damage to your unit from a neighboring place, you’re not covered. That could lead to a significant cost for you.

By choosing a condo insurance policy, you can focus on the coverage you need, no matter what might happen.

Consider Your Coverage

Living in Foley, AL lets you enjoy the historic downtown area, the many attractions, and more. Unsurprisingly, you chose to live where you are, but are you protected against anything and everything?

It would be best if you had an insurance policy that allows you to file a claim for it all, including:

  • Fire
  • A water leak/flood
  • A break-in
  • Someone getting hurt in your condo

There’s nothing worse than filing a claim only to find out that you don’t have coverage. This is why it’s important to work with an agent. You can learn about some of the top issues that could happen, and a policy can be built to your specifications.

You can control the coverage, the coverage levels, and the deductible you pay.

Remember, you don’t have to build your comprehensive condo coverage on your own. Call us at Southern Risk Associates today so that we can help.

Residential Security Enhancements and Their Bearing on Your Insurance Policy

Security enhancements may prevent theft, vandalism, and damage from the elements. Increasing the security that your property is equipped with could lessen your risk factor, resulting in changes to your insurance policy. 

Personal Assessment

Conduct a thorough inspection of the land and home that you own. Assess the points of entry that could lead to a burglary or an act of vandalism.

Keep track of weak points that could benefit from security enhancements. For example, a door with an inferior locking system should be recorded.

Your notes will guide you when shopping for installation security materials both on your land and within your residence.

Installation and Testing Processes

Have your new security equipment professionally installed and inspected. By hiring someone to complete these steps, you will be certain that all the equipment is working properly.

This will allow you to rely heavily on the enhancements without worrying about the equipment failing when you need it most.

Maintenance Essentials

Schedule times to inspect security equipment, calibrate materials that require this process, and replace worn-out materials. Completing routine maintenance will prevent mishaps that could lead to your property being stolen or damaged.

If you decide to pursue additional security enhancements to protect your land and home, have your home insurance policy modified to reflect your selected changes.

Contact South Risk Associates

You may still have some concerns about how security enhancements will affect the insurance coverage you need. If so, contact one of our Southern Risk Associates.

An agent who serves the Foley, AL, region will provide you with more insight into how security enhancements will affect your existing insurance coverage.

Exploring Alabama’s Outdoors: Your Guide to Recreational Insurance

Living in Foley, AL, you’re surrounded by incredible parks, rivers, and more. You may be itching to explore it all, and that’s why you’ve invested in some kind of recreational vehicle. Before you start exploring the outdoors too heavily, be sure that you have recreational insurance. Learn about the possibilities with the help of Southern Risk Associates.

Consider Where You Travel

Where you travel makes all the difference when you’re looking at recreational insurance. This is due to the miles you’re traveling and where you may be parking every night.

Insurance companies look at distance. The further you go, the more risks you’re likely to experience. Insurance companies also consider potential security issues. It will matter if you regularly park your RV or trailer in national parks versus RV parks.

Be prepared to talk to an insurance agent about where you’re traveling and even the frequency of your travels.

Consider What Your Recreational Vehicle Consists Of

Recreational vehicles vary dramatically. Some have engines, while others will be hitched to your existing vehicle. As such, the coverage matters.

If you don’t have an engine on your recreational vehicle, you don’t have to have insurance, according to Alabama state law. However, it’s still a good idea so that you have thorough protection.

If you have an engine, it is your vehicle and requires the same liability policies as a car or truck.

Customize a Policy with the Help of Southern Risk Associates

You’ll have the opportunity to customize your recreational insurance policy. At Southern Risk Associates, we can help you every step of the way.

We’ll talk to you about such additions as:

  • Liability
  • Comprehensive
  • Collision
  • Uninsured motorist
  • RV towing

When you’re in or around Foley, AL, call us at your earliest convenience to discuss what policy will work best for you.

Am I Required to Get Renters Insurance?

People who buy a home with a home loan are typically required by their mortgage lender to get homeowners insurance. Homeowners who drop their homeowner’s insurance may be forced to purchase insurance through their mortgage lender. But, if you’re renting an apartment, are you required to get renter’s insurance? 

The professionals at Southern Risk Associates, servicing Foley, AL, are here to answer your questions about renters’ insurance. If you’re shopping for a renter’s insurance policy, we can also help you find the right policy for your needs. Here’s what you need to know about getting a renter’s insurance policy for your home. 

Most Apartment Renters Are Not Required to Get Renters Insurance

Apartment renters don’t have a mortgage company telling them what to do, so many people who rent an apartment aren’t required to get renter’s insurance. However, landlords sometimes require renters to get a renter’s insurance policy.

If renter’s insurance is required, it will be in the lease you sign to get the apartment. If you’re currently shopping for an apartment, check with the landlord to see if this will be required for the property you’re considering.  

Benefits of Renters Insurance

Many benefits of renter’s insurance may lead you to want this type of insurance for yourself. 

  • Reduced financial liability if a covered event occurs. Your renter’s insurance policy can pay to repair damages in the event of a covered event, which reduces your financial liability. 
  • Peace of mind. Renter’s insurance can help you feel more comfortable knowing that you have some financial protection when a covered event occurs. 

Need Renters Insurance? Contact Us Today

At Southern Risk Associates, servicing Foley, AL, we can help you get renter’s insurance. Call today to make an appointment and learn more about our renter’s insurance policies.

What Businesses Need Umbrella Insurance the Most?

Umbrella insurance policies provide Foley, AL businesses with extra liability that keeps them safe. But does every company need this type of policy? It’s usually a great idea if you work in any of the company types listed here. You can then work with Southern Risk Associates to get the support you need.

Businesses With Public Commercial Property 

If your company is located on a large and sprawling lot, you need to make sure that you have umbrella protection. These policies will keep you safe from serious lawsuits that may occur on your lot. For instance, retail stores with large square footage floor areas need umbrella policies to minimize their risk of financial loss if someone gets hurt on their property.

Companies Working On Other People’s Property 

When you work in industries that go on other people’s property, you need umbrella insurance. What kind of firms do we mean here? Well, we’re referring to companies like builders, contractors, painters, HVAC professionals, healthcare providers, and anyone else who visits a home. After all, if you cause serious damage to someone else’s house, you need umbrella insurance to stay safe from lawsuits.

Any Industries With a High Risk 

Do you work in a company that naturally has a high risk? For example, investment firms, healthcare companies, and travel companies all have high risk and need umbrella insurance. If your company falls into any of these headings, make sure that you contact us to get the support that you deserve. We’ll talk with you about your dangers and ensure that you find a policy that makes the most sense.

Contact Us Today!

With the help of Southern Risk Associates, you can find umbrella insurance policies in Foley, AL that suit you. We’ll do what we can to help you and find high-quality policies that make sense. No matter what your needs are, we’re here to provide the unique support that you deserve.

Can You Cover Your RV Under Your Auto Insurance Policy?

Owning an RV can be a great way to travel while saving money on hotel costs. RVs also allow you to save money on food, as you can cook your own food instead of eating out at restaurants all the time. Some RV owners are confused when it comes to purchasing insurance coverage for their RVs, and some wonder if it’s possible to cover an RV under an auto insurance policy.

The answer is no, and here is an explanation why.

Your RV is a Hybrid

Since RVs double as a mode of transportation as well as a living space, it’s hard to classify an RV. This is why RVs are covered under their own unique type of insurance. RV insurance provides sufficient coverage for both aspects of your RV, and in a way, it’s like having homeowners and auto insurance combined. 

Auto Insurance Wouldn’t Provide Adequate Insurance

Again, your auto insurance wouldn’t be able to cover the uniqueness of an RV, so it’s best not to attempt to add it to your auto insurance policy. Even if an insurance company were to add your RV to your auto policy, if you needed to file a claim, the coverage likely wouldn’t cover all possible damages. If that were to happen, you would be stuck paying for the remaining repairs out of pocket. This could be quite pricey depending on the damage.

Consult With Southern Risk Associates

So, if you’re ready to purchase adequate insurance for your RV and you need a new insurance company, we’re accepting new customers at Southern Risk Associates. We cover customers in the Foley, AL area, and we go above and beyond to ensure you’re satisfied with Southern Risk Associates. So, if you’re a Foley, AL RV owner, give us a call, and we’ll provide you with a quote. 

Senior Rider Motorcycle Insurance: Riding into Retirement

In and around Foley, AL, retirement often marks a time of newfound freedom and exploration, and for some seniors, that means hitting the open road on a motorcycle. While the thrill of riding can endure well into the golden years, senior riders need to consider the unique insurance needs of this phase of life. 

Unique Considerations for Senior Riders

As seniors embark on motorcycle adventures during retirement, several factors come into play:

  • Experience and Skill: Many senior riders have years of knowledge on the road, which can contribute to their skill and confidence. However, it’s crucial to acknowledge any potential changes in physical ability or reaction time that may come with aging.
  • Type of Motorcycle: The type of motorcycle can influence insurance premiums. Smaller, less powerful bikes may be more affordable to insure, especially if the rider is transitioning to a different motorcycle style in retirement.
  • Annual Mileage: Retirement often brings more flexibility in travel and leisure. Senior riders should consider estimating their annual mileage accurately to reflect their anticipated usage, which can impact insurance rates.
  • Safety Measures: Implementing safety measures, such as completing refresher courses or investing in advanced riding gear, can enhance the riding experience and contribute to insurance discounts.

Navigating Insurance Premiums 

While insurance premiums may increase with age, senior riders can take steps to manage costs:

  • Safe Riding Record: Maintaining a clean riding record contributes to lower insurance premiums.
  • Discount Programs: Many insurers offer discounts for completing safety courses or participating in mature rider programs.
  • Shop Around: Exploring multiple insurance providers allows senior riders to compare rates and find the coverage that best suits their needs.

Southern Risk Associates Can Help You

At Southern Risk Associates, we can help answer questions concerning motorcycle insurance. We serve the Foley, AL area. Contact us today. 

4 Reasons to Maintain Year-round Boat Insurance

Alabama offers boat owners convenient access to some of the most beautiful waters in the south. Yet, even sunny Alabama isn’t ideal for boating year-round. Frugal boat owners may be tempted to forego carrying year-round boat insurance, but Southern Risk Associates serving Foley, AL advises otherwise.

Here are four reasons why you should maintain year-round boat insurance:

1. Lenders May Require It

If you’re making payments on your boat, your lender will require you to have year-round boat insurance coverage. Since the boat is technically still theirs until the loan is paid off, they want to be sure they can recoup their loss if anything happens. Letting coverage lapse during the off-season could put you in default, with financial or legal penalties.

2. There’s Risk on Land, Too

Even if you take your boat out of the water during the off-season, that doesn’t protect the boat against all risks. Hurricanes, tornadoes, floods, and even freak accidents can damage even the most well-protected boat. It’s not worth losing your investment just to save a few premium payments.

3. Homeowner’s Insurance Isn’t Sufficient

Sometimes boat owners let insurance lapse, thinking that their homeowner’s insurance will cover the boat. However, homeowner’s insurance coverage will be much more limited, and there’s a good chance you’ll find yourself footing the bill for expensive repairs or replacements if you opt for this strategy.

4. You’ll Miss Out on Rare Opportunities

Without insurance, you can’t safely take your boat out. This means that you’ll miss out on those occasional times during the off-season when the perfect boating days occur. Instead, you’ll be at home wishing you had kept year-round coverage.

We Are Here To Help

Southern Risk Associates serving Foley, AL helps boat owners in the area to obtain and manage boat insurance all year round. Contact us to get started today.

What Questions Should You Expect to Be Asked When Buying Motorhome Insurance?

Purchasing motorhome insurance is a critical step in protecting your home on wheels. Whether you’re a seasoned traveler or a newbie to the RV world, understanding the questions you’ll encounter during the buying process is essential, and the team at Southern Risk Associates, serving the greater Foley, AL area, wants to ensure you know what to expect.

Vehicle Details

Expect questions about your motorhome’s make, model, year, and vehicle identification number (VIN). Insurance providers use this information to assess the risk associated with your specific vehicle. Be sure to provide accurate details to receive an appropriate quote.

Usage and Mileage

Insurers will inquire about how you plan to use your motorhome. Whether it’s for occasional trips, full-time living, or anything in between, your usage affects your coverage needs. Mileage estimates are also relevant, as more time on the road may increase your premiums.

Storage and Security

You’ll likely be asked about your motorhome’s storage location when not in use and the security measures you’ve implemented. Storing your RV in a secure facility and using safety features like alarms can lead to potential discounts on your insurance.

Personal Information

Insurance providers will need personal information about all drivers who will operate the motorhome. This includes driver’s license details, driving history, and any additional qualifications like completion of an RV driving course.

Reach Out To Us

When buying motorhome insurance, being prepared for the questions you’ll face can streamline the process and ensure you get the coverage that suits your needs. Being prepared to answer all these questions will help you navigate the insurance buying process smoothly. If you’re looking to purchase a motorhome insurance policy in the greater Foley, AL area, reach out to Southern Risk Associates to get started today. 

Servicing States

  • Alabama
  • Mississippi
  • Georgia
  • Florida

Why Work With Us?

  • Locally owned and operated
  • Works with multiple carriers
  • Combines policies for best rates
  • Customer friendly services
  • Have access to your auto ID cards anytime!


Partner Carriers

  • Alcon insurance services
  • American Modern
  • Amwins
  • Chubb
  • Guard Insurance
  • National General
  • Openly
  • Orchid
  • Orion 180
  • Progressive
  • RPS
  • SafeCo
  • Sagesure
  • State Auto
  • Swyfft
  • Traveler's
  • Universal Property