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Replacement Cost vs. Market Value: What's the Difference?If you were asked to describe the state of the housing market over the past few years, it could be summarized in one word: unpredictable.At the start of the COVID-19 pandemic,...

Moving from a Captive Agency to an Independent Agency from the perspective of an Agent

Lauren Long

Tuesday, January 24, 2023

Moving from a Captive Agency to an Independent Agency from the perspective of an Agent I started working for a local large captive Agent in May of 2022.  What is a captive agent?  A captive agent is an insurance agent...

How Long Can You Stay on Your Parents' Car Insurance?There are the exciting parts to growing up: buying your first car, furnishing an apartment to your specific style and that moment when the waitstaff doesn’t card you. Then...

6 Things You Can Do Right Now to Protect Your Business DataAs a business owner, you’ve probably heard a lot about cyber attacks when a large corporation makes headline news for a massive data breach. It’s no wonder business...

Understanding Homeowner’s InsurancePurchasing homeowner’s insurance in Shelbyville, Kentucky  is not only critical for protecting your home, your personal property and against any potential liability, but if you have a...

Per one of our carriers-ERIE, we don’t take the price you pay for car insurance lightly. Like most companies today, we’re facing increased costs of doing business. And we know that you are facing rising costs too, on...

5 ADVANTAGES OF AN INSURANCE CAREER IN AN INDEPENDENT INSURANCE AGENCY When you envision a fun and exciting career, the insurance industry may not be the first thing that comes to mind. Even if you don’t find insurance the...

Parking lots can be crazy places. Whether you’re at the mall, the grocery store or even just grabbing a quick coffee… all those cars coming and going can up anyone’s chances of being in a parking lot accident...

Community associations are rapidly becoming more common throughout the entire United States. According to the Community Associations Institute’s most recent National and Statistical Review, an estimated 69 million Americans live...

What to Do If You Witness a Car Accident?Approximately 5.4 million car accidents happen in the United States each year. You may know what to do if you’re involved in a car accident. But do you know what to do if you witness...

Posted on February 28, 2022 by Kevin Davis Insurance ServicesAll condominium associations need comprehensive risk management plans. Board members must be highly attentive to matters involving security and potential threats to...

Risk Management Strategies for Condo AssociationsManaging risk in condo associations is one of the most important parts of daily operations. This helps to maintain the viability of a business, which is what a condo association...

Life Insurance and Health Conditions: A Deal Breaker?Whether you’re a young adult, stay-at-home parent or a retiree, you likely have a need for life insurance.   McDaniel Insurance agents can help you with Life...

7 Tips To Protect Your Business From Water DamageWhether it’s caused by a flash flood or a burst pipe, water damage is often unpredictable. And as a business owner, it can seriously impact your day-to-day operations and bottom...

It’s universal: No one likes to see red and blue flashing lights in your rearview mirror. Every driver knows breaking the speed limit is against the law… but that doesn’t seem to stop us. In fact, it’s...

5 Things to Know About Small Business Data Breaches A data breach is not something that just happens to mega retailers – small businesses are also at risk. From customers’ credit card numbers to employee tax information,...

Keeping Costs in Check? Here’s Why You Shouldn’t Cut Corners on Business Insurance Owning a small business can be one of life’s greatest balancing acts. Every day there’s the stress of managing employees,...

15 Common Questions About Life Insurance Life isn’t one-size-fits-all – and neither is life insurance. Planning for the future can feel exciting and scary at the same time. Whether you’re buying your very first policy...

Do I need Earthquake insurance if I live in Kentucky? Earthquakes can cause a great deal of damage that won’t be covered under your homeowners, renters or condominium insurance policy. Your home is insured for earthquake damage...

What to Know About Workers’ Compensation and Working from Home In the midst of this pandemic, you may have found yourself among the 63 percent of Americans working from home. A recent Gartner poll predicts that 48 percent of...

Ways to Kick Your Texting and Driving Habit Every driver ‒ and every passenger ‒ expects to reach their destination safely. But picking up your phone to read or answer a text while you’re behind the wheel puts everyone’s...

What Is a Guaranteed Insurability Option and Why Do You Need One? When you’re young, life insurance is probably the last thing you think you need. Life insurance isn’t (and never has been) an easy topic to talk about....

C4 Fire Prevention Tips for Your Business Reducing the risk of a potential fire at your business is one of the most important things you can do to help protect your customers, employees and property. The U.S. Fire Administration...

15 Common Questions About Life Insurance Life isn’t one-size-fits-all – and neither is life insurance. Planning for the future can feel exciting and scary at the same time. Whether you’re buying your very first...

What Determines Car Insurance Rates? Your auto insurance premium is based on more than your driving history. The amount you pay for auto insurance is determined by a complicated algorithm that takes many factors into consideration....

Disability and Your Finances The Social Security Disability Insurance program is projected to pay out approximately $133 billion in benefits in 2020. And with new applicants each year, the system is expected to exhaust its reserves at...

Insuring Your Second Home An estimated 721,000 vacation homes sold last year. When it comes to insuring your second home, you may find that the coverage you need is quite different from what you have on your primary home. The Unique...

WHAT TO LOOK FOR WHEN CHOOSING A CONDOMINIUM ASSOCIATION INSURANCE AGENT? Selecting the right insurance agent for your condominium association is a very important step in protecting your association. Your association, Board of...

Q&A: Does My Insurance Cover Tornado Damage? by Justin Metz on April 30, 2021 Few weather events can cause sudden, widespread damage like a tornado. From broken tree limbs and flying debris to houses lifted from their foundations,...

Auto Insurance- How to Handle a Hit-and-Run Accident by Erie Insurance Getting in a car accident is enough to ruin anyone's day. But if you’re involved in a hit-and-run, the experience can be especially disorienting. You realize...

Are You Covered When an Employee Claims Harassment or Discrimination? by Erie Insurance on May 26, 2021 You probably never want to imagine a situation in which an employee, a former employee or an employment candidate sues your...

Insurance Needs Assessment: When You're Young and Single The transition to adulthood is an exciting new stage that marks true independence. You may have graduated college, taken your first job, and even rented your first apartment....

Insurance Needs Assessment: When You're Newly Married Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current individual insurance coverage to determine if...

Insurance Needs Assessment: Married With Children A growing family, by definition, means growing financial obligations—both present and in the future. Raising children can increase your insurance needs and heightens the urgency...

Insurance Needs Assessment: For Empty Nesters and Retirees With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your...

Outdoor Grill and Heating Safety for your Condominium Association or Apartment Cooking with grills on decks and balconies of residential buildings can result in fires that put the building and its occupants at risk. The National Fire...

Non-Owned Auto Liability Whether you are a small or large business, association or another non-profit, non-owned auto liability should an additional coverage that an entity should consider adding to their insurance policy. Non-Owned...

Does Your Credit Score Affect Your Insurance Rates? One landmark study found that credit-based insurance scores are used by about 95 percent of all auto and home insurers in calculating the cost of insurance to individuals.¹ While...

Keep Your Umbrella Handy In 2019, the U.S. had a record 11.8 million millionaires, up from 11.5 million in the previous year. An increase in personal wealth may bring greater financial flexibility; it may also bring greater liability....

A Look at Whole Life Insurance Whole life insurance is designed to remain in force for your whole life, as long as you remain current with your premiums. In exchange for fixed premiums, the insurance company promises to pay a set...

What You Should Do About Insurance Following a Divorce Divorce can be an emotionally and financially challenging life event. In the face of the many possible adjustments divorce entails, making changes to insurance coverage may be...

Fidelity and Crime Insurance Fidelity and Crime insurance addressed the most common threats to organizations, including losses due to employee dishonesty, credit card forgery, embezzlement, false invoicing, computer and wire fraud....

Fallen Tree Damage—Who Pays? As a homeowner, are you responsible for the damage caused by a tree on your property that hits your neighbor’s home or other insured structure, such as a garage or shed? In most cases, the...

Condominium Association Insurance vs. Condo Unit Owner Insurance Of the many things your association assessment pays for, insurance, is one of the most important. Association governing documents and state law require the association...

Errors and Omissions Insurance Errors and Omissions (E&O) insurance has many names. For some healthcare professionals, it’s called malpractice insurance. For lawyers, it may be called professional liability insurance. Whatever...

Buying Auto Insurance For Teen Drivers Driving may be a rite of passage for teenagers, but for parents, having a teenage driver can be stressful and expensive. Your child will need auto insurance coverage as soon as they receive their...

Protecting Your Business from the Loss of a Key Person Charles de Gaulle once remarked, “The graveyards are full of indispensable men.”¹ While we know that life goes on regardless of the loss of any...

A Home Insurance Claim: To File Or Not To File Insurance is meant to protect you against financial loss. But is it really meant to protect you from any and all financial loss? When it comes to filing a loss claim on your home insurance...

Happy New Year from McDaniel Insurance

Deanna McDaniel

Thursday, December 31, 2020

As we welcome 2021, our team at McDaniel Insurance would like to extend to you our commitment to provide you with the insurance support you need for your personal and/or business insurance needs. We commit to listen carefully to your...

For small business owners, the line between the personal and their business can be a bit hazy at times. Yet, when it comes to a vehicle that may be used for personal and business-related reasons, it’s important to know how your...

Life insurance is designed to help protect a household from the financial hardships that may follow the untimely death of a primary wage earner. But how will a death affect a small business? One way of safeguarding a business is to...

Purchasing home insurance in Shelbyville, Kentucky is not only critical for protecting your home and personal property against any potential liability; if you have a mortgage, your lender will require it. What’s Covered A...

As the owner of a condominium unit, your insurance needs are different from other homeowners. A condo association’s master insurance policy typically insures most of the building and common areas. The extent of the building...

Insuring Your Business Against Cyber Liability One study found that 43% of cyber attacks target small business, and 60% of small companies go out of business within six months of a cyber attack.¹ Business owners are also required...

The questions around auto insurance center not so much on whether to have it—it’s mandated by state law, required by your lender, and serves to protect your assets—but what kind of coverage you should purchase. Types...

INSURANCEREAD TIME: 4 MIN Assess Life Insurance Needs If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an...

Important Considerations in Purchasing Condo Association Insurance

Deanna McDaniel

Wednesday, July 29, 2020

Purchasing condominium association insurance is one of most important buying decisions a board will make for their association. The decision must take into consideration requirements of governing documents, expense and coverages to...

Understanding your home insurance deductible. Flat deductible vs. percentage deductible? Most people don't have the time (or desire!) to fully understand their insurance policies. While it can be rather dull reading it is important...

Loss Assessment Coverage is not like other property coverages. Loss Assessment Coverage – What is it? Homeowners or Condo owners may be subject to mandatory membership in a homeowners or condo association. These associations...

You can hear the clock ticking...you take a look at it and its 2 am! You just can’t fall asleep. Why? Your Condo Association had a very heated meeting tonight regarding roof replacement. The Board Treasurer wants to use the...

April is Distracted Driving Awareness Month. Let’s unite together to End Distracted Driving. Individually, we can all commit to not drive distracted. Driving distracted is certainly not just limited to texting and driving. It is...

We actually Like Insurance! We Like our Clients too & Appreciate them! We wouldn’t have an Agency without our Clients! (many businesses in the service industry forget about that teensy little fact) (: We’re independent, so...

You’ve heard the saying “You get what you pay for”. This is often true in the insurance industry. Whether it’s your auto insurance, home insurance, business or farm insurance if all of your insurance purchase...

What does this mean you ask? To us, it means many things…. First of all, you deserve a local insurance agency that you can TRUST! Of course, Trust is a vital component of any healthy relationship and your relationship with your...

In today’s unsettled economy, many people are looking for ways to stretch their money—but sometimes this includes altering insurance coverages to dangerously low levels or eliminating coverage entirely. If you’re...