Does my Homeowners Policy cover my In-home Business?

No. Your homeowners policy does not cover your in-home business. Although in today’s economy more and more people are working from home to save money on commuting costs, they may never consider whether their current homeowners insurance will protect both their business assets and liability involved with running a business from home. Making sure you have adequate protection for both your home and your business should begin with comparing quotes online for this specialize coverage.

To cover in-home business assets, you will need to evaluate the value of these items and make sure you have specific business insurance in addition to your homeowners policy. If you have computers, fax machine, packing materials and inventory – you will want to make sure the items are protected in the event of a disaster or theft. This may be your main source of income and losing it would be devastating to you and your family. You will want to make sure your insurance policy will replace items quickly so you will be back in business in no time.

Another consideration is liability business coverage. If you sell items from your home and your clients come into your home to purchase products, if they were injured while conducting business, your homeowners insurance plan probably would not cover the expenses. Make sure you have the right insurance to cover in-home business liability expenses. You do not want to be stuck with paying out of pocket if a customer trips while coming down the stairs or is bitten by a skittish pet. You can find great business insurance coverage by comparing rates online and purchasing the policy that fits your needs. If you conduct business from your home, it is essential to have the right type of protection, and your homeowners insurance plan will not cover business claims.

Passenger Seat: Are you Covered by the Drivers Insurance?

No matter in what state you drive, you’re responsible for the injuries that your passengers suffer during a car accident in which you are at fault.

This means that you need the proper amount of auto insurance to cover any medical treatment that your passengers might need following an auto accident. Personal injury insurance is what provides this protection. Fortunately, this type of insurance is required in no-fault car insurance states, meaning that the odds are high that your auto insurance policy will include this important coverage.

By having this coverage, you’ll provide peace of mind to the person sitting in your car’s passenger seat. This person, after all, might face expensive surgeries and other medical treatment should you get into a car accident. If this person knows that he or she is at least covered by the drivers insurance, this will give this passenger one less thing about which to worry following an accident.

When taking out a car insurance policy, it’s important to make sure that personal injury protection is indeed part of your coverage. You don’t want to find out after an accident that you’ll be paying the medical costs of the person in your passenger seat.

The importance of personal injury insurance also proves a point about shopping for auto insurance: It’s possible today to view live insurance quotes online. This makes shopping for auto insurance less of a hassle. But it also encourages consumers to look so closely at price that they forget to evaluate the amount of coverage that an insurance policy will provide, too.

When you’re shopping for an auto insurance policy, make sure to consider whether the person sitting next to you is covered by the drivers insurance. The savings you get with a cut-rate insurance policy might result in big medical bills in the future.

Reasons Why You May Need Short Term Car Insurance

Who needs short term car insurance? You might be surprised.

Maybe you don’t normally drive a car. You’re a public-transportation kind of person. But you’re taking a trip next month and you suddenly need car insurance. Or maybe you’ve just bought a new car and you’d like to drive it before your main auto insurance policy kicks in to cover it. Or perhaps a friend or family member who is not currently on your auto insurance policy will be driving your vehicle for a few days. These are all good reasons for short term car insurance.

At its most basic, short term car insurance, also known as temporary insurance, is insurance that has a lifespan shorter than the typical six-month term of a traditional car insurance. Consumers turn to it when they need car insurance for an amount of time that is generally less than that six-month period.

This temporary insurance is important because like traditional auto insurance it will provide you with financial protection should you suffer a car accident. It’s also the law: It’s illegal to drive without auto insurance throughout the United States. One of the best reasons for short term car insurance, then, is to avoid the heavy fines and possible loss of your license that can result from driving without proper auto insurance.

The good news is that you can shop for short term car insurance just like you’d shop for traditional car insurance. You can check short term auto insurance rates online in just seconds. This allows you to instantly compare policies on both the price that you’ll have to pay and the protection that you’ll receive.

Because it’s so easy to find a good short term car insurance policy, there really is no reason to hit the roads without the proper insurance coverage.

Why Liability Insurance is Required in Most States

Chances are, if you live in the U.S., you are required by your state’s laws to purchase minimum car insurance protection in order to own or operate a motor vehicle. In most states, minimum insurance laws require that drivers only purchase liability coverage, rather than a more comprehensive policy. There are several reasons why minimum liability insurance is required.

Protecting Other Drivers

Liability insurance is required to protect other drivers from any bodily injury or property damage losses that you cause. In most states, you are legally responsible for the harm and loss that you cause another person, and auto insurance helps guarantee that victims have access to the medical treatments, auto repairs and property replacement they deserve following an accident.

Protecting You

Minimum liability insurance not only protects victims of an accident you cause, but it also protects you. Regardless of whether you have auto insurance, you can still be held legally responsible for the losses you cause another person. If you do not have insurance, a victim may sue you directly, which could result in a liquidation or seizure of your personal assets if you do not have the cash to pay a judgment out of pocket.

Considerations

It is never a good idea to drive a vehicle without adequate insurance coverage. Unfortunately, even state minimum coverage may not be enough to protect you in the event of an accident. Talk to your insurer about the cost of increasing your coverage to provide full coverage protection for both yourself and others you are liable for. And as always, be sure to shop and compare premiums to be sure you are getting the most coverage at the most affordable rates. The rates you pay for state minimum coverage at one provider may buy you much more coverage through another.

What is the most reputable insurance company?

What is the most reputable insurance company?You need life insurance to provide financial protection to your family in case you should unexpectedly pass away. You need auto insurance to drive legally in your state. And without homeowners insurance, you could face serious financial losses if a fire, tornado or other catastrophic event destroys your home. But when buying these insurance policies, you want to make sure that you’re working with a reliable, trustworthy insurer.

So which insurance agency, then, is the most reputable?

Not surprisingly, the answer to that question is complicated. Simply put, there’s no way to determine which of the many insurance agencies across the country is the most reputable. Many insurers provide top service, excellent coverage and responsive agents. The key is to find the reputable insurance agency that is the best fit for you and your family.

Some agencies, for instance, are known for their customer service. It’s easy to contact your particular agent, and it’s simple to get a company representative on the phone. Others may offer many offices in your community, so it’s easy to stop in and ask questions in person. Still others might do most of their business online, and may have few, if any, brick-and-mortar locations in your neighborhood.

Many insurance providers are known for their low prices. Others advertise themselves as providing the most policy options. Still others will advertise their experience, especially if they’ve worked in the insurance business for decades.

Your challenge is to look at all that the many insurance agencies offer. You then must decide what factors are most important to you. Are you looking for the lowest possible price? Maybe you want an agency that has a large footprint in your community. Maybe experience or a portfolio filled with a wide variety of insurance policy options is most important to you.

The good news is that searching for a reputable insurance agency is a simple task today. Simply log onto an insurance-comparison Web site and you’ll be able to compare quotes and policy types instantly.

Do I Need More Liability Coverage?

Do I Need More Liability Coverage?Contrary to popular belief, you actually can purchase too much insurance. However, the amount of liability coverage that you need depends on several different factors that vary from driver to driver. All states have a minimum legal requirement that designates a limit for coverage per person and per accident. For example, a bodily injury coverage plan that is worth $150,000/ $450,000 means that each person involved in the accident could be compensated up to $150,000, but only $450,000 could be provided for just the one accident.

Although the standard liability coverage plans offered are usually pretty substantial, your own coverage amount should depend partially on the amount of assets you have to protect. For example, if you make $30,000 per year, rent an apartment, and have little savings in the bank, you will probably be best suited with a $50,000/ $100,000 plan. Alternatively, if you make $100,000 per year, are the owner of a house worth $200,000, and have $50,000 in savings, you should consider getting substantial coverage to protect your assets. It is recommended that you purchase at least $100,000/ $300,000 to ensure this protection.

One good tip when purchasing liability insurance is to forego personal injury protection, since these costs will usually be covered by your health, life, and disability insurance. In terms of property damage, some states require minimums as low as $5,000. Although this may appeal to your budget now, it likely won’t cover the full cost of getting into a car accident with a BMW. As a general rule, you should shoot for a minimum of $50,000 worth of coverage for each vehicle you own.

Collision coverage will pay for the full cost of repairs or replacement if your car is involved in an auto accident. Comprehensive coverage will cover damages caused by natural disasters, vandalism, or theft. In both cases, you will want to shoot for the highest deductible your can afford– preferably $1,000– to reduce your policy costs. Although this coverage option is important for newer, more expensive vehicles, you may be able to opt out of it completely if you have an older car that would be cheaper just to replace in the event of an accident.

Shopping for insurance the key to gaining protection at affordable costs

Shopping for insurance the key to gaining protection at affordable costsYou know you need auto insurance to drive in your state. You need life insurance, too, to provide financial protection for your spouse and children in case you should pass away unexpectedly. And you need homeowners insurance to protect your family from catastrophic financial losses should your home be damaged by a fire, tornado or other disaster.

Problem is, insurance policies aren’t free. Whether you need life, auto, health or homeowners insurance, you’ll have to pay. The good news, though, is by shopping carefully for insurance you can greatly reduce the amount of money you have to spend for the financial protection that insurance provides.

Shopping for insurance used to be a challenge. Consumers had to call several insurance companies to compare quotes. With each call they made, these shoppers had to provide the same personal information. The process could take an entire day, or longer.

That’s no longer the case today, thanks largely to the Internet. Today, insurance shoppers can visit Web sites that provide them with live quotes from the biggest insurance companies in the country. And these quotes pop up on shoppers’ screens within seconds. Consumers can now complete in less than 30 minutes a process that once took an entire day.

When shopping for insurance, though, consumers do need to be careful. Price shouldn’t always be the determining factor in deciding which insurance policy is the best fit. A less expensive life insurance policy, for instance, might provide a far smaller financial reward to your spouse and children should you die. A cheaper homeowners insurance policy might provide a smaller payout should your home be damaged. And a less expensive auto insurance policy might leave you with a far higher deductible to pay if you suffer a serious car accident.

Consumers need to remember, too, that they might be eligible for several discounts that can make their insurance policies more affordable. Consumers who take out more than one policy with the same insurance company might receive a discount. Consumers who don’t smoke might receive a discount on life insurance, while those who have a clean driving record might pay less for an auto insurance policy.

Shopping for insurance, then, remains the best way for consumers to gain the protection that insurance provides without spending a fortune to do so.

Is the Cheapest Type of Car Insurance Right for You?

Is the Cheapest Type of Car Insurance Right for You?Saving money on your insurance premiums is wise. Buying insufficient coverage just to save premium cost is not. Auto insurance coverage is not inexpensive and seems to consistently confuse shoppers. Those few remaining U.S. states that lack an insurance coverage requirement have financial standards that drivers must meet. Often, car owners need more financial assets than those who simply buy adequate insurance coverage in those states that accept no insurance protection.

However, if you are focused on obtaining the cheapest auto insurance available, you have some options. Understand that, in most U.S. states, insurance “follows the car.” Therefore, should you opt for the least expensive type of auto insurance, liability coverage, you may only be fully covered when you are driving your insured vehicle. Should you borrow a vehicle from a friend or family member and suffer an accident, the first line of defense will be the insurance (or lack thereof) on the borrowed car. Should you be deemed “at fault,” however, your personal liability coverage will probably be required to reimburse your friend’s company for paid claims.

The cheapest type of auto insurance coverage is liability. Do not misunderstand this statement, as liability insurance is not inherently “cheap.” Minimum state law typically requires, at least, liability coverage. Individual states determine he minimum limits each driver must carry. Common liability minimum coverages are in the $25,000 per person, $50,000 per accident (regardless of the number of injured persons involved), $10,000 property damage and around $10,000-$20,000 uninsured (or underinsured) motorist coverage.

Although the cheapest car insurance coverage, minimum liability policies are often insufficient for many drivers who have more valuable assets (homes, boats, bank accounts, etc.) to protect than the least expensive insurance can cover. Further, neglecting to purchase collision and comprehensive, e.g., theft, coverage will save you premium dollars. However, should your car suffer physical damage, broken windows or theft, costs to repair or replace your vehicle will come from your pocket and personal funds.

Liability-only coverage will be the cheapest coverage in all U.S. states. However, it may not protect you to the level you want or need. Yet, it will help. Something (liability insurance) is far better than nothing. Even if you seek the cheapest car insurance, shop via the Internet. Good options are often those independent agents with interactive websites that allow you to shop multiple companies and receive several quotes for identical protection.

Home Insurance for Every Home Type

Home Insurance for Home TypesAny financial loss occuring due to theft, fire, windstorms and other such perils listed under your policy needs home insurance to protect your home. In order to cover your home, it’s belongings and personal property, be a tenant, land lord or home owner needs a home insurance. Every person needs protection against liability, if any accidents occur, some one is injured or any property damage.

  • Homeowners: Shielding both home and personal property
  • Tenants: Protecting only your personal belongings and not the building.
  • Other parties: Protection against liability for injuries caused to people or accidents occurring within the property premises

The better the policy is designed with required coverages, less you will be paying out of your own pocket to cover the disasters. When your house is under mortgage then your lender might ask you to have more coverages than required. It is always better to check with your agent or the insurance company and then decide on coverages and amount required to cover your home, content and personal belongings.

How Much Coverage Do You Need?

  • Covering your property and belongings: To cover personal property, valuables and other belongings with better coverages without burning a hole in your pocket.
  • Self protection: Gives enough liability coverage to protect against legal actions resulting due to your negligence or other hazards that might occur on your property.
  • Lender requirements: Your mortgage lender will ask you to cover the house for replacement cost of dwelling or mortgage amount.
  • Policy requirements: The insurance company might impose coverage requirements for replacement cost of your house. Most of the plans will actually limit at 100% of replacement cost. However, few standard plans limit to 80% of it.

Dealing with Not Renewing or Canceling Your Insurance

Renewing or CancelingHome insurance is one of the important insurance because it gives you protection. If you are the owner of the house, Connecticut home insurance will protect your house as well as the belongings inside the house. Compare the premiums, coverages in the policy and the conditions in the policy. Take the help of the insurance agent to find out which is the best deal and choose it wisely.

If you have any doubts about Connecticut home insurance or about your policy contact your insurance agent. Many insurance companies evaluate how much premium it might cost you before you purchase Connecticut home insurance. Hence your house needs to be inspected before you buy Connecticut home insurance. You will be insured properly if you have kept photos, receipts and updated policy details throughout the year. At any point of time if you meet with a major damage or disaster then it is important that you have enough insurance to protect you.

Once you have signed the contract with Connecticut home insurance, you cannot cancel or stop paying the coverage after any claim. But the insurance company has the right to cancel your insurance policy in the middle of the contract if you are not paying your payments regularly or if you fake any claims. If you are proved to be felony then your insurance policy can be canceled. You would be having an uninterrupted coverage when the policy is about to end. The insurance company should provide legal reason and notice if they are ending the policy or not renewing the policy.
Buy the correct Connecticut homeowners insurance which is suitable for you. Buy your Connecticut home insurance policy from a reliable company. Get a copy of their license number to get to know whether the company is legitimate or not. You should be satisfied completely that you are committing with a good insurance provider. You will have to answer few questions before you are taking the offer. Make sure you fill the questions promptly and completely so that you get a right quote.