Home insurance is in place to protect you in the event of a disaster, accident, or another unforeseen event. When you have a mortgage, home insurance is required. The bank considers your mortgaged home collateral in case you stop making your loan payments. In order to protect this asset, the bank will not give you a mortgage unless you have home insurance. That’s how important this type of insurance policy is. At AllConnecticut Insurance, we’ve put together a short guide that illustrates three scenarios where you would need home insurance. Read on to learn more.
Fire is devastating. It causes a maximum amount of damage in a short period of time. That’s why it is important to have a fire safety plan in place, to practice fire drills, and to have a home insurance policy that covers fire in West Hartford, CT. Talk to a reputable agent to see exactly what is covered under different policies, like the cost of a hotel room while the fire-damaged home is being restored. Even if you own your home outright, you still need homeowner’s insurance in a scenario like this.
A burglary occurs every day in the United States and your property could be next. To prevent this, take some security measures by installing a security system, outdoor lights, and hiring a house sitter while you’re on vacation. If you are still the victim of burglary, your insurance will help recoup the cost of stolen items once your deductible has been paid.
If someone is injured on your property, they could sue you and litigation is expensive. With homeowner’s insurance, however, you, your assets, and your savings are protected if you should face litigation. For added protection, add umbrella insurance.
To learn more about home insurance, contact AllConnecticut Insurance, serving West Hartford, CT, today.
Are you aware of what recreational insurance is all about? This is a type of coverage that definitely can offer you many benefits. If you need help sorting out how it can help you, you’d do well to contact ALLConnecticut Insurance of the West Hartford, CT area.
It May Be Required in Your State
There are some instances in which you’d need to get recreational insurance in Connecticut. It depends on a few factors, including the type of recreational vehicle you have. This also is likely to be the case if you’re renting or financing your recreational vehicle. The minimum typically is liability insurance.
Coverage for Damages and Injuries
Even if you’re not actually required to have recreational insurance for your vehicle, it protects your financial assets. For instance, if you’re out on your four-wheeler with a friend and they are injured, you’d have to pay out-of-pocket for their medical costs since you’d be liable. Having insurance means that this would be covered, keeping you and your friend from becoming overly stressed about how to pay for their medical bills.
Car and Homeowner’s Insurance Doesn’t Always Cut It
Your vehicle may not be covered by auto or home insurance. You should talk to your insurance agent to determine if this is the case. Even if it is, not all scenarios will be covered. It’s in your best interest to have recreational insurance as this is specific to your needs being an owner of such a vehicle.
Storage Options May Be Available
You should look into if you’d be eligible to suspend certain coverage you won’t need when your vehicle is in storage. This will prevent you from having to cancel it altogether which is tricky since it can still become damaged or you may have a loss of parts or more. You’d also avoid having a coverage gap.
Reach out to ALLConnecticut Insurance with your questions and we’ll do our best to put you at ease. Serving the West Hartford, CT area, we’re proud to help the community with insurance needs.
Based in West Hartford, CT, ALLConnecticut Insurance offers the community multiple types of insurance coverage. We strive to make sure that our clients find policies that suit their individual needs.
Common Umbrella Insurance Myths Revealed
Umbrella insurance will give you peace of mind as you deal with a potentially serious liability dispute. The safety of your assets is potentially at risk. That is why umbrella insurance is an asset. The policy protects you if an unforeseen circumstance arises. While you are researching different policies, avoid these common umbrella insurance myths.
I Don’t Need It Because Of My Status
There is a drastic misconception that the policy only benefits people with a lot of assets. This is incorrect. Umbrella insurance is beneficial to everyone. No one is exempt from experiencing the consequences of an accident. Imagine having a few friends over to your residence in West Hartford, CT. Unfortunately one of your friends suffers an ankle sprain as a result of falling on your property. Without umbrella coverage, you may be held liable for the injury.
The Policy Only Covers Luxury Assets
Umbrella insurance does not cover any type of property. Umbrella insurance acts as a safety net if you may be held responsible for something. The policy has nothing to do with protecting your personal items if they are stolen.
Umbrella Insurance Is A Substitute Policy
Many people believe that umbrella insurance is a substitute policy for home or auto coverage. This is incorrect. Umbrella insurance does not take the place of a particular coverage. Instead, the policy acts as an additional layer of protection on top of a traditional home or auto policy.
Consult With ALLConnecticut Insurance
For information on umbrella insurance, visit our website.