Pennsylvania Renter’s Insurance

December 30, 2011 in bradford, Bradford PA, bradford pennsylvania, home insurance, homeowner's insurance bradford, homeowner's insurance bradford pa, homeowners insurance, renter's insurance policies, renters insurance

Pennsylvania Renter’s Insurance

 

When buying a new home, everyone thinks about the need for purchasing homeowner’s insurance, but what about when you choose to rent? Can you afford to replace belongings that are lost in a fire? If you are forced to live somewhere else for a while, hotel and food expenses can end up in the thousands of dollars in no time. Do you have available savings to buy a new laptop, iPod, or TV if they are stolen? Can you pay the medical bills if someone is injured while visiting you in your apartment?

 

Your landlord will have insurance that covers the building, whether it is an apartment, townhouse, or single family home, but your possessions are not covered by that policy. Renters have valuable possessions that need to be protected, and yet many renters don’t realize that insurance is available. Not only is renter’s insurance available and necessary, but it offers other important features that you may not be aware of.

 

Most renter’s insurance policies include:

  • Fire or lightning
  • Theft
  • Windstorms or hail
  • Explosions
  • Flood
  • Accidental flooding (such as overflowing bathtub or freezing of pipes)
  • Smoke
  • Vandalism or malicious mischief

 

Your renter’s insurance policy will also include liability insurance. This is coverage that protects you in the event that someone is injured while on your property. It will even help pay for your legal defense in this situation, if necessary. Medical coverage is also part of most renter’s policies.

 

When preparing to purchase renter’s insurance, you should explore various options that insurance companies offer. For example, renters may be able to choose between “actual cash value” or “replacement cost” coverage. If you choose actual cash value, then in the event of theft or other loss, you will receive the actual cash value of the items that need to be replaced. If the items are relatively new, then the actual cash value will probably be enough to replace them. If your possessions are older, however, the actual cash value amounts will be a lot less. You would need to come up with additional funds in order to replace the items. Therefore, if many of your possessions are older, then purchasing replacement cost coverage would be a better way to go. Replacement cost coverage will actually pay to replace the lost possessions with brand new items. The premium may be higher, but in the event of theft or fire, you would be able to replace the items with no trouble. You will need to decide on a personal property replacement amount, usually from $10,000-$35,000, and a deductible. In the event of a claim, you must pay the deductible amount before your insurer will cover the balance of the loss.

 

It is also important to know if your renter’s insurance policy is an all peril or a named peril policy. All peril policies insure against the loss of your personal property in the event of any and all possible disasters, except for the specific exclusions that are noted in your policy. With an all peril, or all risk policy, if your apartment is flooded by a broken water line your insurance company will pay to replace the ruined property, unless flooding resulting from a broken water line was a specific exclusion in the policy.

 

Named peril policies are exactly the opposite.  A named peril policy will only protect your property from the disasters that are specifically named in the policy.

 

There are other options to consider when purchasing a renter’s insurance policy. Many insurers offer endorsements that can be added to the basic policy. These can include a higher valuable items limit that would allow for insuring furs, collectible art, coin collections, or expensive musical instruments. An identity theft rider and septic or sewer system riders are also options to consider when purchasing a renter’s insurance policy.

 

 

Staying Safe With Bradford Pennsylvania Car Insurance

December 26, 2011 in Erie Insurance agents, Pennsylvania Car Insurance, Pennsylvania free auto insurance quotes

So many of us are hurried in our lives today and when we think of car safety, we really have not considered it much, especially in the summer months. Summer means easy driving and the time we start thinking about our Pennsylvania car insurance policy, it is only happening because winter is on its way and we know the roads will not be safe to drive on. Automobile safety needs to be a consideration no matter what season we are driving in and there are so many things we can do with our own cars and in our own driving habits to make the roads safer for everyone involved.

 

Erie insurance agents can help make sure cars are safely covered as far as the paperwork and the laws are concerned. It is the law to have insurance on vehicles and cheap Pennsylvania car insurance, that has good quality coverage, is not always easy to find. At the Williams Agency, they go beyond just giving us Pennsylvania free auto insurance quotes; they also give us great tips about how to pack a travel safety kit, about child car seat safety and more.

 

One great tip for traveling safely is to keep your car owner’s manual handy in case of emergencies. If sensor lights come on your dashboard and you are not sure what they mean, you can find a safe place to pull off the road and look in the manual for the recommendations for the situation. Travel safety kits should be packed with those types of emergencies in mind. In the summer months, a car overheating is not uncommon. When we have small children or pets on board, not only do we need to consider their safety, we need to remember that they depend on us to stay safe as well.

 

Take that car overheating for example. If we pull off the road we may find something in our manual that describes first letting the engine cool down and then how to check our coolant levels. Letting the engine cool could take some time on a hot day, so we must be sure we have parked in the safest and most out-of-the-way place that we can find. Keeping everyone inside the car cool will mean keeping windows open to let in fresh air and making sure everyone has something to drink. (Water in a travel kit is a great idea.) Then you would want to make sure that you are seen whenever you go out to check on your coolant levels. A brightly colored vest or even reflective tape that can be stuck on your shirt would help you be seen by other drivers.

 

Driving can be an expensive adventure these days and sometimes safety concerns take the back seat. We always need to have insurance coverage, though, and remember that driving safely keeps the on the road costs down. We can look to our trusted agents for a Pennsylvania car insurance quote and ask them for more great tips on how to drive safely.

Bradford Pennsylvania Small Business Insurance

December 22, 2011 in bradford, Bradford PA, bradford pennsylvania, commercial property insurance, general liability insurance, product liability insurance, professional liability insurance, small business insurance bradford, workman's compensation insurance

Pennsylvania Small Business Insurance

 

When you are planning to start a new business, there are so many different things to consider. Your start-up costs will include everything from the office space or storefront to supplies and marketing ideas. This new business is not only a labor of love, but also a major financial investment. Therefore, high on your to-do list must be obtaining Pennsylvania small business insurance to protect this important investment.

 

Business insurance is designed to protect your investment in the event of unforeseen crises such as a natural disaster, the death of a partner, an injured employee, or a lawsuit. If your business has employees, you are required to pay for workman’s compensation insurance, unemployment insurance, and possibly state disability insurance.

 

Workman’s compensation insurance covers medical costs, rehabilitation costs, death benefits, and lost wages for employees that are injured at work. Small businesses established as sole proprietorships or partnerships aren’t required to purchase workman’s compensation insurance as long as all of the business’s employees are owners of the company. In this case, the purchase of liability insurance is left to the discretion of the owners.

 

Unemployment insurance is a federal program whereby eligible unemployed people will receive cash payments for a specified period of time. These benefits are paid from funds which are the result of employer, employee and government contributions. Once again, if your employees are also owners of the business, you are not required by law to carry unemployment insurance.

 

Types of Business Insurance

There are insurance policies available for almost every conceivable business issue, but they vary widely in cost and coverage. Because of the many options available, it is important to talk over your specific needs with your insurance agent.

Some commonly available policies are:

 

General Liability Insurance

This liability insurance is purchased by business owners in order to protect them from lawsuits related to accidents, injuries, and claims of negligence. These policies protect small businesses against claims resulting from bodily injuries, property damage, medical expenses, libel, slander, defending lawsuits, appeals costs, and other legal issues.

 

Product Liability Insurance

Companies may be liable for a product’s safety if they are involved in its manufacture, wholesale, distribution, or retail sale. Product liability insurance protects the small business against financial loss as a result of a defective product that causes injury or bodily harm. The amount of insurance that you purchase will depend on the type of products you sell or manufacture. For example, a furniture store would have far more risk than a card shop.

 

Professional Liability Insurance

It is important that business owners providing services, such as a hair salon, should consider having professional liability insurance. This coverage, also known as errors and omissions insurance, is liability insurance that protects your business against malpractice, errors, and negligence when providing services to your customers. Some states require you to carry this type of policy, depending on your profession. Most states require physicians to carry malpractice insurance in order for them to practice medicine in their state.

 

Commercial Property Insurance

For a small business that operates a store-front or otherwise occupies a building, property insurance will cover everything related to the loss and damage of company property. The loss may be due to a wide variety of events such as fire, smoke, wind storms, hail storms, civil disobedience and vandalism. The definition of “property” is broad, and includes lost income, business interruption, buildings, computers, company papers and money.

As with homeowners’ and renters’ insurance, property insurance policies come in two basic forms:

All-risk policies cover a wide range of perils, except for those specifically excluded in the policy. They are usually more expensive and generally cover risks faced by the average small business.

Peril-specific policies are exactly the opposite and only cover losses that are specifically listed in the policy. Peril-specific policies usually include fire, flood, crime and business interruption insurance.

 

Home-based Business Insurance

In spite of what you may believe, homeowners’ insurance policies do not usually cover home-based business losses. It is possible that you may be able to add riders to your pennsylvania homeowners‘ policy that will cover normal business risks, such as property damage. You will need to investigate the limits of coverage that will include your business, especially concerning general, product, and professional liability coverage. You may need to purchase additional policies to cover these risks.

Do Some Simple Research To Discover Cheap Bradford Pennsylvania Homeowners Insurance Policies

December 18, 2011 in bradford, Bradford PA, bradford pennsylvania, Cheap bradford homeowners insurance, home insurance, homeowner's insurance bradford, homeowner's insurance bradford pa, homeowners insurance, Pennsylvania Homeowners insurance

Our home is our haven at the end of the work day. Here we keep all our valuables and look forward to relaxation and privacy. Our home shelters me and my family, keeping us safe and protected. Our home is our most expensive and valuable investment. Cheap Pennsylvania homeowners insurance provides affordable protection for the home we love.

 

When we bought our home, our mortgage company required us to carry homeowner insurance so they are protected from loss if something happens to the house before we finish paying for it. We also wanted insurance coverage to protect ourselves so we can rebuild or repair it if something happens. We wanted as much coverage as we could afford, but we sure did not want to pay any more than we had to for good coverage. We also wanted to find a reputable insurance company with good customer service when claims have to be filed.

 

First, we got recommendations on different insurance companies from friends and family members who use them. We also checked online for names of the leading companies selling insurance in our state. Next, we decided what types of coverage we wanted to request and gathered the information we needed to provide the companies in order to receive a realistic policy cost quote. We gave the agents the value, age, and square footage of the house. We told them about our safety devices of an alarm system and smoke detectors. We also figured up what our furniture and other home contents were worth. Then we gathered a dozen Pennsylvania home insurance quotes and studied them. We compared the quality of the different coverage policies and the company’s reliability as well as the total cost.

 

We discovered that if we bundled our homeowners insurance with our auto insurance, we received a bigger discount. Our family is very safety conscious but we learned that by doing a few things more, like adding carbon monoxide detectors upstairs and downstairs and putting a fire extinguisher on each level, we also got a break on our rates. We learned about liability concerns about our family’s trampoline and added a safety net so we could insure it. We bought a fire and waterproof safe to keep jewelry, guns,  and important papers inside. One agent suggested we develop a family emergency escape plan and practice it and we did. We accepted the highest deductible we could afford to help keep our overall rates down. Our house is now covered for fire, smoke, tornados, fallen trees, wind damage, broken windows, burglary, vandalism, hail and other weather related-damages, and water damage from plumbing leaks. We covered the contents of our house for their replacement value, not their actual value. This way we can get the latest electronics to replace ours if they are stolen or destroyed and we can replace all our furniture and clothes if we ever have the need.

 

In the next few years, we want to install an in-ground swimming pool. Thanks to our insurance company, we already know what we have to do to make it safe and affordable to insure when the time comes. We will also review our house and contents coverage annually now to make sure we keep enough insurance coverage for all our needs. We found the Williams Agency had detailed information, which helped us a lot. Check them out online at Williams-agency.net if you need rate quotes and help to find the right insurance for your home.

 

Additional Bradford Pennsylvania Automobile Coverage

December 15, 2011 in auto insurance bradford, auto insurance bradford pa, auto insurance rates bradford, bradford, Bradford Car Insurance, Bradford PA, bradford pennsylvania, no fault, no fault insurance, no fault system, pennsylvania automobile coverage, Pennsylvania Car Insurance, personal injury protection, underinsured motorists, uninsured

We have discussed mandatory vehicle liability coverage, collision and comprehensive insurance, as well as uninsured and underinsured motorist policies. There are other Pennsylvania car insurance policy options that we should cover as well. One of these is Personal Injury Protection, otherwise known as PIP.

 

Personal Injury Protection and No-Fault Insurance

 

Personal Injury Protection (PIP) is mandatory in Pennsylvania. States, like PA, that require PIP insurance coverage, are called “no-fault” states. Also known as “First Party” coverage, PIP is a basic type of “no-fault” medical coverage. It pays your medical bills and those of your passengers, due to an accident. Personal Injury Protection can include:

 

  • Treatment from hospitals, doctors, and other medical providers
  • Rehabilitation
  • Lost earnings
  • Funeral expenses
  • Child care if parent is disabled due to an accident

 

Who is covered?

You (the policyholder)

Other authorized drivers in the household

Passengers

Pedestrians injured in accident

 

Regardless of who caused the accident, this insurance will cover the costs of injuries due to a collision. The minimum coverage required by state law is $5,000. Since coverage is mandatory, using PIP will not increase your insurance premiums. This coverage is important for people who do not have adequate health care coverage to cover medical conditions that can result from a serious automobile accident. If you use your limit of PIP insurance, then your personal medical insurance will be responsible for the remaining medical bills. This insurance is especially important for drivers that often carry other passengers, or who carpool.

 

No-fault insurance was created in an attempt to decrease the number of lawsuits filed in order to prove who is “at fault” in an accident. Studies have determined that auto insurance is approximately $300 more per year because of this litigation. The belief is that litigation costs will decrease since no-fault insurance will cover medical bills regardless of who is at fault. In exchange for this coverage, you give up some of your options to sue the other driver in an accident. There are also limits for ‘pain and suffering’ and ‘loss.’

 

Under a ‘pure’ no-fault system, your insurance company would pay for all economic damages such as medical bills, loss of wages, rehabilitation, physical therapy, etc. You would be unable to sue for pain and suffering, loss of companionship, etc., in the event that you did not cause the accident. There are no states with a pure no-fault system. Instead, all 13 no-fault states have a modified no-fault system.

 

Pennsylvania car insurance is unique in the fact that it is a “choice no-fault” state. Policy holders can opt for pure no-fault coverage, or what is called a “tort” option. We will discuss the details of tort options in our next article.