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8295 Tournament Dr, Suite 150
Memphis, TN 38125

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Four things that might surprise you about auto insurance coverage

A complete understanding of auto insurance options is crucial for drivers in Memphis, TN. At P3 Insurance Solutions, our experts are ready to provide comprehensive answers to any questions about your coverage. Here are four potentially surprising points concerning auto insurance that you should be aware of:

1. Full Compensation Might be Absent After a Total Loss

If you’re still repaying your auto loan, bear in mind that you may not receive adequate compensation from your insurer to clear your outstanding loan if your vehicle is deemed a total loss. Including gap insurance in your policy can prevent a situation where you continue paying for a vehicle you no longer have.

2. Auto Insurance Covers Rental Vehicles

One of the attractive benefits of auto insurance policies is the provision for rental vehicle coverage. When your vehicle is under repair or has been totaled, this component of your policy allows you to use a rental vehicle for a limited period.

3. Basic Coverage Does Not Cover Your Vehicle’s Damage

A basic auto insurance policy typically only includes liability coverage as mandated by law. However, this only covers damage to other vehicles. If you wish to cover damage to your vehicle, you will need to add collision coverage to your policy.

4. Many Policies Offer Roadside Assistance

Roadside assistance is an invaluable perk offered by many auto insurance policies. It saves drivers the out-of-pocket expense of calling a tow truck when they experience a breakdown or an accident.

At P3 Insurance Solutions, we strive to meet your auto insurance requirements in Memphis, TN. Contact us today for a competitive quote!

How a Business Owners Policy (BOP) Saves You Money

Financial Stability for Your Memphis, TN, Business with P3 Insurance Solutions

Securing your business in Memphis, TN, with commercial insurance is essential to ensure its financial stability. At P3 Insurance Solutions, we have a diverse range of commercial insurance policies, offering you the flexibility to curate your commercial coverage. We provide a business owners’ policy package (BOP) for qualifying small and medium-sized businesses. This package consolidates four key insurance policy coverages at a lower premium than if they were purchased individually. It serves as cornerstone insurance for a small or medium-sized business.

Greater Value with Business Owners Package (BOP)

The BOP saves companies a substantial amount of money on premiums. However, it entails meeting a certain set of qualifications. The BOP package includes liability coverage, property damage coverage, business interruption coverage, and specific peril coverage. This package provides your business with financial protection from potential lawsuits if deemed negligent. BOP also covers losses or damages to your business premises due to a peril named in the policy. It also covers other types of property damages, providing compensation for repairing or replacing your business site in the event of a fire or similar catastrophe, for instance. Business interruption coverage ensures you won’t lose money if damage from a covered peril forces a temporary closure.

Opt for a Package That Offers More for Your Business

For more information on qualifying for a BOP for your business, contact P3 Insurance Solutions, proudly serving Memphis, TN. You can save money on premiums and obtain the four most crucial types of coverage to safeguard your business by simply qualifying for a BOP.

Home Insurance is Every Homeowners Safety Net

Owning a home has many benefits, but as any homeowner will tell you, it also comes with many responsibilities. One of those responsibilities is protecting our homes, and that is also where the friendly, experienced, and professional team at P3 Insurance Solutions can help. For homeowners in and around the greater Memphis, TN area, we offer proven, reliable, and smart home insurance solutions.

Home Insurance is Every homeowner’s Safety Net

Homeowners take many steps to protect their homes. From basic safety protocols like locking windows and doors and installing security systems to more proactive measures like security cameras, protecting the home is a top priority for every homeowner.

Home insurance is also another tool and step in protecting our homes that homeowners can rely on. That is also why home insurance and protecting our homes go hand in hand because when our defenses don’t stop the threat, home insurance is like your safety net. 

Home Insurance: Protecting What Matters Most

From protecting our investment to protecting the place we call home and our family, home insurance is there to help people protect what matters most. Theft, storm damage, and property liability protection are a few examples of the potential risks homeowners should evaluate.

At P3 Insurance Solutions, Memphis, TN homeowners get the insights, support, and guidance they need to get the right home insurance for their needs. When it comes to protecting our homes, our families, and the things that matter most, we can help you get the most out of your home insurance protection.

For All Your Home Insurance Needs

If you are a homeowner in or around beautiful Memphis, TN and are in the market for home insurance, we can help. Contact us at P3 Insurance Solutions to learn more and to get the protection your home needs and deserves today.

What can happen if I do not carry auto insurance in Memphis?

Anyone living in the Memphis, TN area will know that the local region offers plenty of great recreational activities and options. For those that are here, having access to a vehicle is very important as getting around the community without it would be quite difficult. Further, having insurance is a requirement and you could face various repercussions if you do not carry a proper plan at all times. 

Legal Violations and Challenges

One of the consequences that could arise if you are not appropriately insured in Memphis is that you could face legal violations and other charges. If you are going to drive a car in Tennessee, you are obligated by law to at least have liability insurance. If you do not have this coverage, you will be penalized if caught behind the wheel of a car without insurance. Also, your loan agreement will likely require you to carry out a comprehensive plan. If you are not insured, you will be in violation of that agreement as well. 

Lack of Coverage

You will also find that you miss out on the coverage provided by an auto insurance plan. Drivers without coverage will have no financial support if they are involved in an accident or incur another type of loss with their vehicle. This can prove to be a significant financial strain in some situations. 

Consult With Us

You should always make sure that you are properly covered with auto insurance when you are in the Memphis, TN area. If you are looking for a new policy in this region, you can begin your search by calling our team with P3 Insurance Solutions. Our professionals with P3 Insurance Solutions know the importance of this coverage and will continue to ensure you understand your needs and options so you can build an ideal plan. 

Is Commercial Insurance Required for My At-Home Crafts Business?

If you live in Memphis, TN and you have an at-home crafts business, you’re probably excited about having your own home business. Working from home and running a crafts business can be fun and lucrative. With running any business, there comes a great deal of responsibility when it comes to managing finances, ensuring your business is registered, and more. Is commercial insurance required for your at-home crafts business you might be wondering? The answer is yes, you do need commercial insurance.

Here is an explanation of why:

In the Event You’re Ever Sued

All businesses are at risk of having lawsuits brought against them, and if someone were to file a lawsuit against you and win the case, you would be required to pay out of pocket. This could potentially be a substantial amount of money, which could possibly cause you to file for bankruptcy. Commercial insurance can give you peace of mind, knowing that you can file a claim against your insurance should a lawsuit ever be brought against you. 

To Provide Coverage in Case of Damage 

Since you can’t ever predict if your business-related materials, equipment, or supplies might become damaged, having commercial insurance is a necessity. By ensuring that you’re adequately covered, any business-related items can be replaced or repaired, if it ever becomes necessary. 

As you can see, it doesn’t matter whether your crafts business is from home or at an outside location. Commercial insurance is necessary in case of liability. If you’re obtaining quotes from various Memphis, TN insurance agencies, don’t forget about us at P3 Insurance Solutions. At P3 Insurance Solutions, we provide all types of insurance products, including commercial insurance. We have been in business for decades, and we pride ourselves on providing excellent customer service and offering fair rates. Call us today for a quote. 

Why Every Homeowner Needs Home Insurance

If you own a home, chances are that you’re required to have home insurance to protect it and yourself. Virtually all mortgage lenders want to protect their investment by having the homeowner keep a home insurance policy. If you live in a neighborhood with a homeowner’s association, they also require their homeowners to have this insurance. It’s also important to protect yourself financially in case the worst should happen. When you need to get a home insurance policy, call us at P3 Insurance Solutions in Memphis, TN. 

Protection for Repairs

There are countless events, such as accidents and many disasters, that can happen to a home and leave it damaged. When this happens, it will cost a lot to repair the damage, even if it’s minor. Repair bills for homes are always going up, and it’s important to be able to pay them when they’re needed after something happens to cause damage. That’s the main reason behind needing home insurance. It can pay for those repairs so that you aren’t in a financial emergency. It can pay for even the worst damage after a covered event happens. 

Paying for Item Damage

If the event damages the items in your home, this policy can also pay for that. When items are destroyed in a covered event, they can be replaced with help from your home policy. This is also an essential type of coverage that home insurance provides. Getting everything in your home replaced, or even just a portion of it, can be an enormous expense. If you didn’t have this coverage, it may be impossible for everything to be replaced. 

Get Your Home Policy

If you’re buying a home, one of the first things you need to do is set up home insurance. To get started, just call us at P3 Insurance Solutions in Memphis, TN. 

Documents you should always carry in your vehicle

Knowing what documents you need to keep in your vehicle is essential if you are ever in an accident or are pulled over by the authorities for any other reason. You will be required to turn over some documents when asked. Knowing exactly where they are can save a lot of grief.  At P3 Insurance Solutions in Memphis, TN, we make sure that our customers have all the required documentation that is mandated by the state of Tennessee. 

Documents you should always carry in your vehicle


In Tennessee, you can renew your vehicle registration online, and then the registration and the striker will be mailed to you within a week or so. You place the sticker on the license plate and put the registration in your glove box. If you lose your registration certificate, it can be replaced by sending the appropriate documentation to the county clerk’s office. 

Insurance card

You are required to carry auto insurance in the state of Tennessee. You can opt for basic auto insurance, or you can get total coverage which includes protection for your vehicle. Whichever way you choose, when your auto insurance policy is mailed to you or you receive your digital copy, a copy of your insurance cards will be included. You will have to print them if you opt to receive your documents digitally. The nice thing is, that you can print another copy any time you want if they are misplaced. 

Driver’s license

Many people use their driver’s license as a form of identification. Therefore, it will usually be on their person at all times. This can be in a wallet or purse. But if you are in your vehicle, the driver’s license will be there with you. 

Consult With Us

Call our team at P3 Insurance Solutions in Memphis, TN when you have questions about auto insurance. We are happy to provide a no-obligation quote. 

Which Type of Commercial Policy Is Right for Your Business?

Do you own a business in the greater Memphis, TN area? If you have an established or new business, you might wonder which type of commercial policy is right for your needs. Fortunately, the team here at P3 Insurance Solutions is here to help. We’ll review the available options with you and help you get an appropriate policy to protect your needs.

Every Company’s Insurance Needs Are Different

Every company’s insurance needs are different. While there are many similarities, especially within certain industries, it’s best to find a policy that meets your firm’s specific needs. For example, businesses that are in the delivery business will need fleet coverage for their commercial vehicles. Other companies might need a significant amount of worker’s compensation protection.

Whatever coverage needs you might have, it’s important to work with a local agency that understands the community. Now is an ideal time to review your current insurance portfolio to determine that it meets all your needs. It’s also advisable to sit down with your agent at least once a year to go over any changes that may have occurred and update your policy as needed. The right insurance will help your company weather the ups and downs that come with owning a business.  

Comprehensive commercial policies are ideal for companies that want the peace of mind that comes with knowing they have the coverage they need to protect all their hard work and dedication.

Contact Us Today!

P3 Insurance Solutions is proud to serve the insurance needs of the Memphis, TN business community. If you’re starting a business or want to make sure that your established company has the appropriate coverage, we’re here to help. Contact our office today to schedule an appointment to learn more.

What You Should Know Before Renovating Your Home

There truly is no place like home, and there is also no better feeling than the peace of mind you get knowing your home is protected. At P3 Insurance Solutions, we can help you find the home insurance solutions residents in and around Memphis, TN deserve and need.

From remodeling and home renovations to repairs from incidents such as fire or storm damage, home insurance can also play a considerable role. Are the renovations or is your remodeling project expected to increase the value of your home? Does your home need repairs following a major storm?

At P3 Insurance Solutions, we can help you find the answers, and we offer solutions for home insurance needs for residents across the greater Memphis area. Insurance is only one thing to be aware of, however, before starting any home repairs or remodeling projects.

Before Remodeling or Renovating Your Home

While it is always a good idea to talk to your insurance agent before making any major home repairs or beginning any remodeling or renovation projects, there are also other factors homeowners should consider.


It is always important to have and keep a budget when doing any major remodeling or renovation work for your home. Few things are more problematic than an incomplete home construction project that has stalled because of budgeting problems.

DIY or Contract

Another important consideration of any major repair or reconstruction project is understanding what you can and cannot do. When you are faced with a project or parts of a project that falls outside your expertise and experience, don’t be afraid to get help.

Thank you for visiting P3 Insurance Solutions in Memphis, TN. If you are looking for home insurance options that work for you and your home, then look no further than P3 Insurance Solutions. Contact us to learn more and get the coverage you need today.

The Benefits of Comprehensive and Collision Coverage for Your Vehicle

A typical Memphis, TN auto insurance policy doesn’t cover your own vehicle and yourself. That’s where comprehensive and collision coverage comes in. Comprehensive and collision coverage are optional types of car insurance that pay to repair or replace your vehicle after certain events.

Comprehensive covers non-collision events, including theft, vandalism, fire, hail, flood, animal strikes, and falling objects. Collision covers collisions with other vehicles or objects while you are driving.

Here is a closer look at comprehensive and collision coverage from P3 Insurance Solutions.

Why You Should Consider Comprehensive and Collision Coverage 

If you have a newer or more valuable car, unexpected damage can cost you a lot of money out of pocket. Comprehensive and collision coverage pays for repairs or replacing your vehicle, minus the deductible.

Leasing or financing a vehicle often comes with insurance requirements beyond the bare minimum. Your lender may require you to carry comprehensive and collision coverage specifically. In this way, they can also protect their investments.

Unpredictable things, including unpredictable weather, can occur at any time. The extra protection provided by comprehensive and collision coverage gives you peace of mind. You know you’re covered for a wide range of scenarios.

What Makes Comprehensive and Collision Coverage Worth the Money?

Costs associated with adding comprehensive and collision can vary. Variables can include your vehicle’s make, model, year, and value, your driving history, your deductible amount, and your coverage limits. You can often include these coverage options in an overall auto insurance package.

How to Obtain Comprehensive and Collision Coverage?

If you are looking for comprehensive and collision coverage for your vehicle, aren’t sure if you need it, or just want to learn more about these and other coverage options, contact P3 Insurance Solutions. We are a local insurance agency that serves Memphis, TN and the surrounding areas. Contact us today.

Partner Carriers

  • Allstate
  • American Modern
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  • Farmers/Foremost
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  • Liberty Mutual
  • Nationwide
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  • Progressive
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  • State Auto
  • The Hartford
  • Travelers